Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
37 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LCV Development from Wortegem-Petegem, company number BE0435582062, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year LCV Development recorded revenue of € 4.7 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € -463,230 to € 1.9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 14, 2026.
€ 1.6 million
▲ € 1.9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▲ still € 463,230 loss in 2024
Profit after tax over the fiscal year.
€ 72,141
▲ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.3 million.
People and assets in 2025
0.3
Average over the fiscal year, from the social balance sheet.
€ 39,621
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 231,174
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.9 million
Loans from banks and other lenders, long and short.
€ 89,543
▼ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 14 days on average.
€ 95,440
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 0 | € 4,700,047 | |
| Gross margin | € 23,191 | € 49,991 | - | - | |
| Profit after taxes | € -92,101 | € -99,024 | € -463,230 | € 1,917,060 | ▲ € 2.4 million |
| Equity | € 288,783 | € 189,759 | € -273,471 | € 1,643,589 | ▲ € 1.9 million |
| Total debts | € 979,069 | € 1,079,242 | € 4,511,644 | € 7,161,806 | ▲ 59% |
| Cash | € 1,376 | € 0 | € 49,903 | € 72,141 | ▲ 45% |
| Land & buildings | € 1,038,063 | € 990,992 | € 0 | - | |
| Retained profit | € -74,552 | € -173,576 | € -636,806 | € 1,280,254 | ▲ € 1.9 million |
| Bank debt | € 800,000 | € 770,506 | € 0 | € 3,911,556 | |
| Balance sheet total | € 1,267,852 | € 1,269,001 | € 4,238,173 | € 8,805,395 | ▲ 108% |
| Employees (FTE) | - | - | - | 0.3 |
Key figures of LCV Development, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LCV Development?
What happened at LCV Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SEM NAESSENS stepped down as director. NBB
- ISABELLE VAN CAUWENBERGHE stepped down as director. NBB
- IMMO WINA NV stepped down as director. NBB
- DEROOSE PROJECTS NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.9 million. Source: NBB ↗
- IMMO WINA NV became a director. NBB
- SEM NAESSENS became a director. NBB
- ISABELLE VAN CAUWENBERGHE became a director. NBB
In short
From € 92,101 loss in 2022 to € 1.9 million profit in 2025.
Paid € 276,899 in corporate taxes since 2022.
Best year ever: 2025, with € 1.9 million profit.
Pays suppliers within 14 days on average.
Management
The stake of DEROOSE PROJECTS, IMMO WINA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LCV DevelopmentThe shares are held by DEROOSE PROJECTS (49%) and IMMO WINA (47.8%). It owns 100% of Anfibe Trading itself.
Directors
According to the 2025 annual accounts
SEM NAESSENS
Director
Also active at: Megaton, Groeninghe, Bekaert Depla, URTEX, GOSSEYE, WILLY NAESSENS INDUSTRIEBOUW, BELTAP, OLYMPIC FIRE +43 more
since 2024 · until 2029
since 2024 · until 2029
Director · represented by VEERLE NAESSENS
Also active at: LCV INVEST, DECOTA, MIK, ANFIBE TRADING, Bilkhage
since 2025 · until 2029
Managing director · represented by DIRK DEROOSE
Also active at: Megaton, Groeninghe, UpFresh, Bekaert Depla, URTEX, FRANKY, GOSSEYE, WILLY NAESSENS INDUSTRIEBOUW +61 more
since 2024 · until 2029
Shareholders
49%
47.8%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Kouter (E.) 3
9790 Wortegem-Petegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 37 companies are registered at this address.
All companies at this address →Bekaert Depla same network
URTEX same network
GOSSEYE same network
€ 2.4 million gross margin · 2025
WILLY NAESSENS INDUSTRIEBOUW same network
€ 334.3 million revenue · 2025
LCV INVEST same network
€ 13.6 million revenue · 2025
+32 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.582.062
- VAT number
- BE 0435.582.062
- Registered office
- Kouter (E.) 3, 9790 Wortegem-Petegem
- Names & denominations
- LCV Development
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 October 1988
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Ontwikkeling van niet-residentiële bouwprojecten
Algemene bouw van kantoorgebouwen
Algemene bouw van andere niet-residentiële gebouwen
Handel in eigen onroerend goed