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LSP

Active
Public limited companyfounded 1987active for 39 yearsBerkenhoekstraat 10, 2861 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0430.747.108
Summary

LSP has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €564,249 and a net result of €74,935. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 70% of 54 sector peers (NACE 15, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Manufacture of leather and related products
NACE 15120Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials NACE 16240
1 site
Size
€994,744total assets 2025
Staff
4.3 FTE
Equity
€564,249
Profit
€74,935
Turnover not published (abbreviated or micro format)
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 49 days early1 of 5 deeds read
Why 94raises riskSector: Manufacture of leather and related products (NACE 15)lowers riskFounded in 1987Equity €564,249 (56.7% of total assets)Legal form: public limited companyShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 74% of its sector peers (NACE 15, micro)
Financial strength · tick = 2024
Strong
Solvency 82+8
equity 56.7% of total assets
Liquidity 52+4
short-term debt 19.7% · cash 6.2%
Profitability 78+1
return on assets 7.5%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (53 companies, NACE 15, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026highest value 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.89, compared with 0.89 in 2024, below 1; short-term debt: 19.7% and cash: 6.2% of total assets), and 43.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 15, micro): better than 74% on solvency, 52% on liquidity, 84% on profitability and 86% on growth.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1987
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €564,249 (56.7% of total assets)
NBB · annual accounts
raises risk · Sector: Manufacture of leather and related products (NACE 15)
KBO
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
49 days early
2024
30 days early
2023
7 days early
2022
13 days early
2021
39 days early
2020
23 days late
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
14-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Dirk Verbiest, Suzanne Verbiest and…Gazette deed
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Highest result from 2018 to 2025net €74,935 ▲9.1%

Key points

  • Positive: Among the best 15% on net resultsector median €1,473 · 54 companies €74,935 View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
  • Positive: 5 profitable years in a rowprofit 2025: €74,935 5 years View

By topic

Financials

Financial year
2025
Total assets
€994,744
Profit
€74,935
Solvency
56.7%
Total assets▲ 0.6%
Net result
20182025
Go to Financials

Timeline

Events
45
Since
1988
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €500,000
  2. 01-07-2025Annual accounts filed
  3. 24-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of leather and related productsNACE 15120
Founded
21-04-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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