ACTIVE

LVS

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Financial year 2025 · closed on 31/12/2025

Net result

1,4 k €

+395.4% YoY

Gross margin

21 k €

-22.6% YoY

Equity

142,9 k €

+1.0% YoY

Workforce

0,4 ETP

0.0% YoY

What does LVS do?

LVS is a Private limited company incorporated in 2010. Its registered office is in Tienen. It employs on average 0,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0830.859.042

Incorporation

28/10/2010

Legal form

Private limited company

Registered office

Aststraat 20
3300 Tienen · FlandreSee on map

Contributed capital

11 000,00 €

Latest accounts

31/12/2025

Average workforce

0,4 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	21 k €	-22.6%	27,1 k €	-8.6%	29,7 k €	-7.2%	32 k €	-15.3%	37,8 k €	+203%	12,5 k €	-90.0%	124,7 k €	+644%	16,8 k €	-57.9%	39,8 k €	+104%	19,5 k €	-13.3%	22,5 k €	-38.4%	36,5 k €	-18.0%	44,6 k €	+42.7%	31,2 k €	+117%	14,4 k €
EBITDA	209,2 €	-95.7%	4,9 k €	-44.7%	8,8 k €	-63.4%	24 k €	-2.0%	24,5 k €	+252%	7 k €	-91.0%	77,7 k €	+2809%	-2,9 k €	-107%	38,7 k €	+131%	16,7 k €	-20.6%	21,1 k €	-39.7%	34,9 k €	-20.4%	43,8 k €	+43.1%	30,6 k €	+128%	13,5 k €
Operating result	-1,2 k €	-152%	2,4 k €	-70.4%	7,9 k €	-64.7%	22,5 k €	-3.6%	23,3 k €	+355%	5,1 k €	-92.5%	68,2 k €	+514%	-16,5 k €	-169%	23,7 k €	+250%	6,8 k €	-41.9%	11,7 k €	-46.1%	21,7 k €	-19.9%	27,1 k €	+31.2%	20,6 k €	+1178%	1,6 k €
Net result	1,4 k €	+395%	-468,4 €	-108%	5,8 k €	-66.1%	17,1 k €	-5.1%	18 k €	+177%	6,5 k €	-87.5%	52,2 k €	+385%	-18,3 k €	-249%	12,3 k €	+1666%	695,8 €	-81.7%	3,8 k €	-65.9%	11,1 k €	+60.0%	7 k €	-50.3%	14 k €	+1815%	732,1 €
Balance sheet
Equity	142,9 k €	+1.0%	141,5 k €	-0.3%	141,9 k €	+4.3%	136,1 k €	+14.4%	119,1 k €	+17.8%	101 k €	+6.9%	94,5 k €	+123%	42,3 k €	-30.2%	60,6 k €	+25.4%	48,4 k €	+1.5%	47,7 k €	+8.7%	43,9 k €	+34.1%	32,7 k €	+27.0%	25,8 k €	+120%	11,7 k €
Total assets	220,1 k €	+37.8%	159,7 k €	-8.1%	173,7 k €	-11.8%	196,9 k €	+46.0%	134,9 k €	+11.9%	120,6 k €	-0.3%	120,9 k €	-39.0%	198,4 k €	-4.5%	207,6 k €	+2.6%	202,3 k €	-11.6%	228,9 k €	-0.4%	229,9 k €	+18.5%	193,9 k €	+214%	61,8 k €	+41.4%	43,7 k €
Cash	88,8 k €	+33.2%	66,6 k €	-26.4%	90,5 k €	-11.6%	102,3 k €	+72.3%	59,4 k €	+264%	16,3 k €	-62.9%	44 k €	+1433%	2,9 k €	-90.4%	29,8 k €	+701%	3,7 k €	+1375%	252,2 €	-98.7%	19,8 k €	+137%	8,4 k €	-56.5%	19,2 k €	+135%	8,2 k €
Debts	77,2 k €	+392%	15,7 k €	-47.6%	29,9 k €	-37.6%	47,9 k €	+202%	15,9 k €	-19.0%	19,6 k €	-25.8%	26,4 k €	-83.1%	156,1 k €	+6.2%	147 k €	-4.5%	154 k €	-15.0%	181,2 k €	-2.6%	186 k €	+15.4%	161,2 k €	+347%	36,1 k €	+12.7%	32 k €
Other
Workforce	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	+33.3%	0,3 ETP		–		0,7 ETP	+16.7%	0,6 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

LUC VANWINKELEN

Director

Active

Ended mandates

MARLIES SOETAERS

Director · since 04 novembre 2010 · until 04 mars 2021

Ended

Luc Van Winkelen

Manager · since 28 octobre 2010

Ended

Marlies Soetaers

Manager · since 28 octobre 2010

Ended

LUC VANWINKELEN

Manager

Ended

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	17/08/2026	25/08/2025	23/08/2024	29/08/2023	07/09/2022	07/03/2022
General meeting	30/06/2026	30/06/2025	30/06/2024	28/08/2023	06/09/2022	25/01/2022
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

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	17/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	25/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	23/08/2024	Dutch	PDF
Abridged model	31/12/2022	28/08/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	06/09/2022	07/09/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	25/01/2022	07/03/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	18/02/2021	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	16/12/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	18/08/2015	Dutch	PDF
Abridged model	31/12/2013	29/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	13/06/2012	03/08/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 1 active · 6 ended

Active mandates

LUC VANWINKELEN

Director

Active

Ended mandates

MARLIES SOETAERS

Director · since 04 novembre 2010 · until 04 mars 2021

Ended

Luc Van Winkelen

Manager · since 28 octobre 2010

Ended

Marlies Soetaers

Manager · since 28 octobre 2010

Ended

LUC VANWINKELEN

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20251,4 k €↑
2024
Annual accounts 2024-468,4 €↓
2023
Annual accounts 20235,8 k €↓
2022
Annual accounts 202217,1 k €↓
2021
Annual accounts 202118 k €↑
2020
Annual accounts 20206,5 k €↓
2019
Annual accounts 201952,2 k €↑
2018
Annual accounts 2018-18,3 k €↓
2017
Annual accounts 201712,3 k €↑
2016
Annual accounts 2016695,8 €↓
2015
Annual accounts 20153,8 k €↓
2014
Annual accounts 201411,1 k €↑
2013
Annual accounts 20137 k €↓
2012
Annual accounts 201214 k €↑
2011
Annual accounts 2011732,1 €
28/10/2010
IncorporationPrivate 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

LVS

Overview

What does LVS do?

Trend over 15 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline