Active BE 0697.976.564Private limited company (pre-2019)

LGU Management

Rue de la Belle-Jardinière 455 ·4031 Liège, Belgium· 8 yrs active

Sector: Business and other management consultancy (70200)

Conclusion Checked

LGU Management has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 31061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€7k
Net result	€15k
Better than sector	23%
Active	8 yrs

Financial profile 5 of 5 axes measured · computed by Checked

76 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 71

Profitability 100

Solvency 29

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2018, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

71 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€500

estimate, not credit advice

Score history

33 2021

84 2022

17 2023

15 2024

71 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.21 (≥ 1.0) +5

Leverage Debt/equity 4.24 (> 3.0) -10

Profitability ROE 205% (≥ 10%) +10

Interest coverage Interest coverage 191.0× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 01-02-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	19.1%	55.9%	better than 23% of 31061 sector peers
Net result	€15k	€27k	better than 39% of 31070 sector peers
Equity	€7k	€83k	better than 15% of 31087 sector peers
Gross operating margin	€17k	€53k	better than 26% of 31029 sector peers
Total assets	€39k	€186k	better than 12% of 31075 sector peers

EBITDA

€16k

- 21-25

Net profit

€15k

- 21-25

Cash flow

€16k

- 21-25

Total assets

€39k

+16.5% 21-25

Equity

€7k

- 21-25

Working capital

€7k

- 21-25

Income taxes

€2

-99.7% 21-25

Debt

€32k

-23.5% 21-25

Debt ≤ 1y

€30k

-24.9% 21-25

Debt > 1y

€7k

- 21-25

Current ratio

1.21

+61.4% 21-25

Quick ratio

0.74

+87.9% 21-25

Solvency

19.1%

- 21-25

Debt / equity

4.24

- 21-25

ROE

204.5%

+60.8% 21-25

ROA

39.1%

- 21-25

Interest coverage

191.01

- 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€16k	€-9k	€-9k	€19k	€10k
Net profit	€15k	€-10k	€-15k	€11k	€-14k
Cash flow	€16k	€-9k	€-9k	€18k	€-7k
Staff costs	-	-	-	-	-
Income taxes	-	-	€2	€655	€149
Dividends	-	-	-	-	-
Total assets	€39k	€33k	€30k	€38k	€84k
Equity	€7k	€-8k	€2k	€17k	€6k
Debt	€32k	€41k	€28k	€21k	€78k
of which ≤ 1y	€30k	€40k	€27k	€21k	€72k
of which > 1y	-	-	-	-	€7k
Working capital	€7k	€-10k	€2k	€11k	€-334
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	1.21	0.75	1.07	1.55	1.00
Quick ratio	0.74	0.39	0.42	0.56	0.72
Working capital ratio	16.8%	-29.9%	6.6%	29.5%	-0.4%
Solvency	19.1%	-23.3%	7.0%	45.1%	7.1%
Debt / equity	4.24	-5.30	13.31	1.22	1.10
Long-term debt ratio	-	-	-	-	1.10
Interest coverage	191.01	-102.73	-43.87	90.87	-
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	39.1%	-29.6%	-50.0%	29.3%	-16.5%
ROE	204.5%	127.2%	-714.6%	65.0%	-231.7%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €2k · 5.2% Current assets €37k · 94.8%

Equity & liabilities

Equity €7k · 19.1% Debt €32k · 80.9%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€39k	€33k	€30k	€38k	€84k
Fixed assets	21/28	€2k	€3k	€1k	€6k	€13k
Tangible fixed assets	22/27	€2k	€3k	€1k	€6k	€13k
Current assets	29/58	€37k	€30k	€29k	€32k	€71k
Stocks & contracts in progress	3	€14k	€15k	€17k	€20k	€20k
Amounts receivable within one year	40/41	€2k	€2k	€5k	€5k	€10k
Investments	50/53	-	€990	-	-	-
Cash & bank	54/58	€20k	€9k	€3k	€5k	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€39k	€33k	€30k	€38k	€84k
Equity	10/15	€7k	€-8k	€2k	€17k	€6k
Contributions / capital	10/11	€20k	€20k	€20k	€20k	-
Accumulated profits (losses)	14	€-13k	€-28k	€-18k	€-3k	€-14k
Amounts payable	17/49	€32k	€41k	€28k	€21k	€78k
Amounts payable after one year	17	-	-	-	-	€7k
Amounts payable within one year	42/48	€30k	€40k	€27k	€21k	€72k
Trade debts payable within one year	44	€778	€2k	€762	€4k	€4k
Income statement
Gross operating margin	9900	€17k	€-8k	€-8k	€20k	€14k
Operating result	9901	€15k	€-10k	€-15k	€12k	€3k
Financial income	75	-	-	€31	€0	-
Financial charges	65	€85	€84	€197	€211	€334
Result before taxes	9903	€15k	€-10k	€-15k	€12k	€2k
Income taxes	67/77	-	-	€2	€655	€149
Net result for the period	9904	€15k	€-10k	€-15k	€11k	€2k
Result to be appropriated	9905	€15k	€-10k	€-15k	€11k	€2k

Legal Structure

NACE primary	Business and other management consultancy(70200)
Legal form	Private limited company (pre-2019)(015)
Incorporation	19-06-2018
Status	Active
Postal code	4031

Establishment units 1 location

LGU Management

Rue de la Belle-Jardinière 455, 4031 LiègeHoldings

since 20182.276.941.277

Updates 7 events

All 10Financial 3Filings 7

Next filing, fiscal year 2026, expected by 31-01-2027

2026

01-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 1 day late

2025

30-06

Financial Back to profitnet €15k

Net result €15k after 2 loss-making years.

03-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

25-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 25 days late

2023

30-06

Financial Weakest financial yearnet €-15k ▼235%

Net result drops to €-15k, the lowest in the series; recovery starts the following year.

2022

26-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

30-06

Financial Back to profitnet €11k

Net result €11k after one loss-making year.

21-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2020

22-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

27-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Business and other management consultancy70200Business consulting70220Buying and selling of own real estate68110

Names & trade names

Legal nameFR

LGU Management

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