Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
L.G.S. from Knokke-Heist, company number BE0444705903, closed financial year 2024 with a result of € 24,111 after tax. For that financial year L.G.S. recorded a gross margin of € 72,095 and equity of € 1.1 million. Compared with financial year 2023, the result moved from € 26,960 to € 24,111. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 10, 2025.
€ 1.1 million
▲ 2% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,111
▼ 11% vs 2023
Profit after tax over the fiscal year.
€ 74,786
▲ 6% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 584,617.
People and assets in 2024
€ 20,691
▲ 100% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 19,108
€ 8,219 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 15,619
▼ 25% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 43,458
▲ 73% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 74,531 | € 80,264 | € 61,184 | € 72,095 | ▲ 18% |
| Profit after taxes | € 2,660 | € 18,760 | € 26,960 | € 24,111 | ▼ 11% |
| Equity | € 1,097,786 | € 1,098,546 | € 1,125,506 | € 1,149,617 | ▲ 2% |
| Total debts | € 96,826 | € 47,007 | € 45,817 | € 563,654 | ▲ € 517,837 |
| Cash | € 157,504 | € 106,925 | € 70,248 | € 74,786 | ▲ 6% |
| Land & buildings | € 408,445 | € 401,038 | € 406,749 | € 946,452 | ▲ 133% |
| Retained profit | € 532,786 | € 533,546 | € 560,506 | € 584,617 | ▲ 4% |
| Dividend | € 0 | € 18,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 19,108 | |
| Balance sheet total | € 1,194,612 | € 1,145,554 | € 1,171,323 | € 1,713,271 | ▲ 46% |
Key figures of L.G.S., fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to L.G.S.?
What happened at L.G.S. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sofia GEERINCK stepped down as director. NBB
- Lieven GRUWEZ stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 24,111 (▼ 11% vs 2023). filed late Source: NBB ↗
- Sofia GEERINCK became a director. NBB
- Lieven GRUWEZ became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,660 profit in 2021 to € 24,111 profit in 2024.
Paid € 73,723 in corporate taxes since 2021.
Best year ever: 2023, with € 26,960 profit.
Paid out € 18,000 in dividends to the owners in total.
A new publication or filing at L.G.S.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Sofia GEERINCK
Managing director
since 2020 · until 2026
Lieven GRUWEZ
Managing director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Haagwinde 21
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.705.903
- VAT number
- BE 0444.705.903
- Registered office
- Haagwinde 21, 8300 Knokke-Heist
- Names & denominations
- L.G.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 1991
- Peppol
- Active · Active since 23 Nov 2025
- Activities · NACE
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