ACTIVE

LCV Development

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Financial year 2025 · closed on 31/12/2025
Net result
1,9 M €
+513.8% YoY
Revenue
4,7 M €
Equity
1,6 M €
+701.0% YoY
Workforce
0,3 ETP

What does LCV Development do?

LCV Development is a Public limited company incorporated in 1988. Its main activity is: Buying and selling of own real estate. Its registered office is in Wortegem-Petegem. It employs on average 0,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0435.582.062
Incorporation
19/10/1988
Legal form
Public limited company
Registered office
Kouter (E.) 3
9790 Wortegem-Petegem · FlandreSee on map
Contributed capital
363 334,62 €
Latest accounts
31/12/2025
Average workforce
0,3 ETP
Activities (NACE)
68122Buying and selling of own real estate· main68110Buying and selling of own real estate
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220172016201520142013201220112010200920082007
Income statement
Revenue4,7 M €0 €–––––––––––––
EBITDA2,4 M €-459,4 k €-6,4 k €-29,2 k €-12,4 k €145,8 k €141,4 k €143,3 k €139,7 k €84,5 k €199,1 k €166,7 k €98,7 k €96 k €98,9 k €
Operating result2,3 M €-459,4 k €-53,5 k €-76,9 k €-58,3 k €99 k €94,6 k €96,6 k €92,9 k €37,7 k €153,2 k €136 k €92,8 k €90,2 k €93,2 k €
Net result1,9 M €-463,2 k €-99 k €-92,1 k €-81,6 k €51,1 k €47,2 k €46,2 k €46,3 k €-9 k €72,9 k €67,2 k €46,9 k €44,7 k €54,4 k €
Balance sheet
Equity1,6 M €-273,5 k €189,8 k €288,8 k €501,5 k €583,1 k €532 k €484,9 k €438,6 k €392,3 k €401,3 k €328,4 k €261,2 k €214,4 k €169,7 k €
Total assets8,8 M €4,2 M €1,3 M €1,3 M €1,2 M €1,3 M €1,4 M €1,5 M €1,5 M €1,6 M €1,6 M €1,7 M €789,9 k €751,1 k €765,5 k €
Cash72,1 k €49,9 k €0 €1,4 k €13,7 k €64,8 k €119,7 k €16,7 k €37,4 k €94,4 k €184,9 k €171,9 k €17,9 k €25,4 k €36,7 k €
Debts7,1 M €4,5 M €1,1 M €975,2 k €729,5 k €723,5 k €887,6 k €977,8 k €1,1 M €1,1 M €1,2 M €1,3 M €526,8 k €536,7 k €595,8 k €
Other
Workforce0,3 ETP––––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

IMMO WINA

Director · since 16 mai 2025 · until 18 mai 2029 · 0428.338.934

Represented by Veerle NAESSENS

Active
DEROOSE PROJECTS

Managing director · since 18 juin 2024 · until 18 mai 2029 · 0880.450.291

Represented by DIRK DEROOSE

Active
ISABELLE VAN CAUWENBERGHE

Director · since 18 juin 2024 · until 18 mai 2029

Active
SEM NAESSENS

Director · since 18 juin 2024 · until 18 mai 2029

Active

Ended mandates

BENCOS Invest

Director · since 29 mars 2018 · until 04 mars 2023 · 0842.737.879

Represented by Cosaert Benedict

Ended
BENCOS Invest

Managing director · since 03 mars 2012 · 0842.737.879

Represented by Geert Cosaert

Ended
BENCOS Invest

Director · 0842.737.879

Represented by Benedict Cosaert

Ended
BENCOS Invest

Managing director · 0842.737.879

Represented by Solange TRAISNEL (van 22/08/2014)

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year31/12/202531/12/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months15 months12 months12 months12 months12 months
Filing date14/06/202629/06/202518/10/202303/04/202328/03/202225/03/2021
General meeting15/05/202616/05/202516/10/202304/03/202305/03/202206/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/05/202614/06/2026DutchPDF
Full model31/12/202416/05/202529/06/2025DutchPDF
Abridged model30/09/202316/10/202318/10/2023DutchPDF
Abridged model30/09/202204/03/202303/04/2023DutchPDF
Abridged model30/09/202105/03/202228/03/2022DutchPDF
Abridged model30/09/202006/03/202125/03/2021DutchPDF
Abridged model30/09/201907/03/202017/03/2020DutchPDF
Abridged model30/09/201802/03/201911/03/2019DutchPDF
Abridged model30/09/201730/11/201721/12/2017DutchPDF
Abridged model30/09/201604/03/201729/03/2017DutchPDF
Abridged model30/09/201505/03/201607/03/2016DutchPDF
Abridged model30/09/201407/03/201509/03/2015DutchPDF
Abridged model30/09/201301/03/201421/03/2014DutchPDF
Abridged model30/09/201202/03/201314/03/2013DutchPDF
Abridged model30/09/201103/03/201227/03/2012DutchPDF
Abridged model30/09/201005/03/201106/04/2011DutchPDF
Abridged model30/09/200906/03/201030/03/2010DutchPDF
Abridged model30/09/200807/03/200924/03/2009DutchPDF
Abridged model30/09/200701/03/200811/04/2008DutchPDF
Abridged model30/09/200603/03/200729/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

IMMO WINA

Director · since 16 mai 2025 · until 18 mai 2029 · 0428.338.934

Represented by Veerle NAESSENS

Active
DEROOSE PROJECTS

Managing director · since 18 juin 2024 · until 18 mai 2029 · 0880.450.291

Represented by DIRK DEROOSE

Active
ISABELLE VAN CAUWENBERGHE

Director · since 18 juin 2024 · until 18 mai 2029

Active
SEM NAESSENS

Director · since 18 juin 2024 · until 18 mai 2029

Active

Ended mandates

BENCOS Invest

Director · since 29 mars 2018 · until 04 mars 2023 · 0842.737.879

Represented by Cosaert Benedict

Ended
BENCOS Invest

Managing director · since 03 mars 2012 · 0842.737.879

Represented by Geert Cosaert

Ended
BENCOS Invest

Director · 0842.737.879

Represented by Benedict Cosaert

Ended
BENCOS Invest

Managing director · 0842.737.879

Represented by Solange TRAISNEL (van 22/08/2014)

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/10/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/03/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/12/2023
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Capital / shares04/05/2018
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Restructuring08/03/2018
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,9 M €↑
  2. 2024
    Annual accounts 2024-463,2 k €↓
  3. 2024
    Name changeLCV Development
  4. 2023
    Annual accounts 2023-99 k €↓
  5. 2022
    Annual accounts 2022-92,1 k €↓
  6. 2017
    Annual accounts 2017-81,6 k €↓
  7. 2017
    Name changeBECO Retail Invest
  8. 2016
    Annual accounts 201651,1 k €↑
  9. 2015
    Annual accounts 201547,2 k €↑
  10. 2014
    Annual accounts 201446,2 k €↓
  11. 2013
    Annual accounts 201346,3 k €↑
  12. 2012
    Annual accounts 2012-9 k €↓
  13. 2011
    Annual accounts 201172,9 k €↑
  14. 2010
    Annual accounts 201067,2 k €↑
  15. 2009
    Annual accounts 200946,9 k €↑
  16. 2008
    Annual accounts 200844,7 k €↓
  17. 2007
    Annual accounts 200754,4 k €
  18. 2007
    Name changeIGNACO
  19. 19/10/1988
    IncorporationPublic limited company