Financials
Financial year 2025
LVO SERVICES from Herentals, company number BE0445710644, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year LVO SERVICES recorded a gross margin of € 3.8 million and equity of € 13.9 million. Compared with financial year 2024, the result moved from € 1.8 million to € 1.9 million. Profitable, and profit is growing. 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 July 20, 2026.
€ 13.9 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 2.4 million
▲ 64% 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 € 13.7 million.
People and assets in 2025
6.8
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 202,267
▼ 45% vs 2024
€ 29,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 300,471
▼ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 19.8 million
▼ 5% vs 2024
€ 1.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 152,214
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 108,715
▲ 82% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,659,733 | € 3,039,658 | € 3,154,892 | € 3,754,310 | ▲ 19% |
| Profit after taxes | € 1,248,807 | € 1,421,983 | € 1,795,668 | € 1,863,979 | ▲ 4% |
| Equity | € 8,377,092 | € 9,799,075 | € 11,594,743 | € 13,947,156 | ▲ 20% |
| Total debts | € 22,086,669 | € 21,640,570 | € 21,030,307 | € 20,120,461 | ▼ 4% |
| Cash | € 994,792 | € 736,666 | € 1,465,832 | € 2,402,795 | ▲ 64% |
| Land & buildings | € 24,456,154 | € 25,329,540 | € 26,296,163 | € 28,867,612 | ▲ 10% |
| Retained profit | € 8,068,092 | € 9,490,075 | € 11,285,743 | € 13,674,647 | ▲ 21% |
| Bank debt | € 21,982,189 | € 21,514,243 | € 20,831,708 | € 19,826,343 | ▼ 5% |
| Balance sheet total | € 30,463,761 | € 31,439,645 | € 32,625,049 | € 34,067,617 | ▲ 4% |
| Employees (FTE) | 5.3 | 5.2 | 5.4 | 6.8 | ▲ 1.4 |
Key figures of LVO SERVICES, 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 LVO SERVICES?
What happened at LVO SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sven Machielsen stepped down as director. NBB
- Ann Van Oirschot stepped down as director. NBB
- Ludovicus Van Oirschot stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.9 million (▲ 4% vs 2024). Source: NBB ↗
- Suzanna Suykerbuyk stepped down as director. NBB
- New establishment in Herentals. KBO
- Suzanna Suykerbuyk became a director. NBB
- Sven Machielsen became a director. NBB
In short
From € 1.2 million profit in 2022 to € 1.9 million profit in 2025.
Paid € 742,278 in corporate taxes since 2022.
Best year ever: 2025, with € 1.9 million profit.
On average € 552,100 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
since 2009 · until 2025
Sven Machielsen
Managing director
Also active at: Supersanit, Van Oirschot verwarmingsgroothandel, Federatie van de Elektriciteit en de Elektronika, VAN OIRSCHOT LOGISTICS, VO-IT, Federation Sanitary & Heating, Techlink, TRISCHOT +1 more
since 2009 · until 2027
Ann Van Oirschot
Managing director
Also active at: Van Oirschot verwarmingsgroothandel, VAN OIRSCHOT LOGISTICS, VO-IT, C.I.G.
since 2009 · until 2027
since 2009 · until 2027
Establishments
Establishment units
Physical locations of this company
Gareelmakersstraat(HRT) 6-8
2200 Herentals
Zavelheide(HRT) 2
2200 Herentals
Active since 1 August 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.710.644
- VAT number
- BE 0445.710.644
- Registered office
- Gareelmakersstraat(HRT) 6-8, 2200 Herentals
- Names & denominations
- LVO SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 November 1991
- Peppol
- Active · Active since 8 Oct 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur van niet-residentiële gebouwen
Activiteiten van hoofdkantoren