ACTIVE

LSGI SERVICES

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

171,6 k €

-17.1% YoY

Gross margin

5,2 M €

+52.6% YoY

Equity

1,2 M €

+16.6% YoY

Workforce

20,0 ETP

-9.1% YoY

What does LSGI SERVICES do?

LSGI SERVICES is a Public limited company incorporated in 2017. Its registered office is in Bastogne. It employs on average 20,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0670.670.767

Incorporation

02/02/2017

Legal form

Public limited company

Registered office

Place Mac-Auliffe 38
6600 Bastogne · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

20,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	5,2 M €	+52.6%	3,4 M €	+42.0%	2,4 M €	-18.4%	2,9 M €	-4.8%	3,1 M €	+9.8%	2,8 M €		–		–		–
EBITDA	240 k €	-19.1%	296,8 k €	+107%	143,7 k €	-46.9%	270,7 k €	-1.2%	273,8 k €	-14.5%	320,4 k €	+26.6%	253 k €	-0.8%	255,1 k €	+164%	96,7 k €
Operating result	236,1 k €	-19.4%	292,8 k €	+116%	135,8 k €	-38.1%	219,5 k €	+10.6%	198,4 k €	-12.4%	226,6 k €	+38.2%	163,9 k €	-5.8%	174 k €	+137%	73,4 k €
Net result	171,6 k €	-17.1%	207 k €	+103%	102 k €	+9.4%	93,2 k €	-14.0%	108,3 k €	-29.4%	153,4 k €	+43.9%	106,6 k €	-8.4%	116,4 k €	+139%	48,8 k €
Balance sheet
Equity	1,2 M €	+16.6%	1 M €	+25.0%	828,7 k €	+14.0%	726,7 k €	+14.7%	633,5 k €	+20.6%	525,2 k €	+41.3%	371,8 k €	+40.2%	265,2 k €	+78.2%	148,8 k €
Total assets	3,9 M €	-32.2%	5,8 M €	+15.9%	5 M €	-15.7%	6 M €	+103%	2,9 M €	-3.3%	3 M €	+6.4%	2,9 M €	+28.0%	2,2 M €	+118%	1 M €
Cash	1 M €	+361%	226,2 k €	-31.5%	330,3 k €	+186%	115,3 k €	-75.0%	461,4 k €	+439%	85,6 k €	-62.1%	225,7 k €	+7.6%	209,8 k €	+173%	76,7 k €
Debts	2,5 M €	-47.8%	4,8 M €	+14.1%	4,2 M €	-18.7%	5,2 M €	+124%	2,3 M €	-8.3%	2,5 M €	+1.2%	2,5 M €	+26.3%	2 M €	+125%	874,9 k €
Other
Workforce	20,0 ETP	-9.1%	22,0 ETP	+11.1%	19,8 ETP	-1.0%	20,0 ETP	+11.1%	18,0 ETP	-5.3%	19,0 ETP	-9.5%	21,0 ETP	+1067%	1,8 ETP	+157%	0,7 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 · 3 active · 7 ended

Active mandates

Nathalie Le Chenadec

Director · since 01 août 2025 · until 01 août 2030

Active

Barbara HERNANDEZ-MORA SEGURA

Managing director · since 11 août 2022 · until 10 août 2028

Active

Juan José COBIAN

Director · since 16 juin 2022 · until 12 juin 2028

Active

Ended mandates

Davide Maria ZANCHI

Director · since 16 juin 2022 · until 12 juin 2028

Ended

Davide Maria ZANCHI

Director · since 02 février 2017 · until 13 juin 2022

Ended

Juan Jose COBIAN

Director · since 02 février 2017 · until 13 juin 2022

Ended

Régis MIGDAL

Managing director · since 02 février 2017 · until 13 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
ACF AUDIT BELGIUM● Active	0456.548.910
ARKAD BE1● Active	1027.681.643
CJ2M SERVICES● Active	0672.874.548
COUDENBERG PROPERTY PARTNERS● Active	0839.880.240
CUB MANAGEMENT● Active	0861.201.632
IN EXTENSO AUDIT BELUX● Active	0825.269.961
In Extenso Expertise Belgique● Active	0465.788.753
LTPDE Development Belgium● Active	0698.882.129
MPT VERVIERS SA● Active	0862.328.713

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/07/2026	17/06/2025	19/06/2024	26/06/2023	23/06/2022	02/07/2021
General meeting	29/05/2026	06/06/2025	12/06/2024	14/06/2023	16/06/2022	17/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	06/07/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	17/06/2025	French	PDF
Abridged model	31/12/2023	12/06/2024	19/06/2024	French	PDF
Abridged model	31/12/2022	14/06/2023	26/06/2023	French	PDF
Abridged model	31/12/2021	16/06/2022	23/06/2022	French	PDF
Abridged model	31/12/2020	17/06/2021	02/07/2021	French	PDF
Full model	31/12/2019	17/06/2020	30/06/2020	French	PDF
Full model	31/12/2018	12/06/2019	17/06/2019	French	PDF
Full model	31/12/2017	20/06/2018	26/06/2018	French	PDF

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 · 3 active · 7 ended

Active mandates

Nathalie Le Chenadec

Director · since 01 août 2025 · until 01 août 2030

Active

Barbara HERNANDEZ-MORA SEGURA

Managing director · since 11 août 2022 · until 10 août 2028

Active

Juan José COBIAN

Director · since 16 juin 2022 · until 12 juin 2028

Active

Ended mandates

Davide Maria ZANCHI

Director · since 16 juin 2022 · until 12 juin 2028

Ended

Davide Maria ZANCHI

Director · since 02 février 2017 · until 13 juin 2022

Ended

Juan Jose COBIAN

Director · since 02 février 2017 · until 13 juin 2022

Ended

Régis MIGDAL

Managing director · since 02 février 2017 · until 13 juin 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/07/2026
DEMISSIONS, NOMINATIONS
PDF
Other06/07/2026
—
PDF
Mandates03/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates16/07/2024
ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office09/05/2023
SIEGE SOCIAL
PDF
Mandates21/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/01/2023
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 2025171,6 k €↓
2024
Annual accounts 2024207 k €↑
2023
Annual accounts 2023102 k €↑
2022
Annual accounts 202293,2 k €↓
2021
Annual accounts 2021108,3 k €↓
2020
Annual accounts 2020153,4 k €↑
2019
Annual accounts 2019106,6 k €↓
2018
Annual accounts 2018116,4 k €↑
2017
Annual accounts 201748,8 k €
02/02/2017
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LSGI SERVICES

Overview

What does LSGI SERVICES do?

Trend over 9 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline