LVS is a farm in Poperinge. Public Limited, started on 2 November 2000, 1 establishment.

What is the address of LVS?

The registered office of LVS is located at Lokerseweg 43, 8970 Poperinge.

Yes. According to the CBE (29 October 2026) LVS is active, legal situation “Normale toestand”, started on 2 November 2000.

Is LVS registered on Peppol?

Yes, LVS is registered on the Peppol network with ID 0208:0473180846.

What is the enterprise number of LVS?

The enterprise number of LVS is BE0473180846.

When was LVS founded?

LVS was founded on 2 November 2000.

Who are the directors of LVS?

According to the 2025 annual accounts, the directors of LVS are: Ludwig Lemenu, Joke Lemenu.

Is LVS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 2 November 2000; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did LVS make in 2025?

LVS recorded a loss after taxes of € 140,335 in financial year 2025.

What is the revenue of LVS?

As a small company, LVS is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -59,976.

How much does an employee at LVS earn?

The average wage cost per full-time employee at LVS was € 28,500 in 2022: staff costs of € 34,192 for 1.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

LVS (Public Limited) - Poperinge - BE0473180846

Dossier LVS, printed on 29 October 2026 from databakkes.be/en/0473180846/lvs. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

LVS from Poperinge, company number BE0473180846, closed financial year 2025 with a result of € -140,335 after tax. For that financial year LVS recorded a gross margin of € -59,976 and equity of € -291,002. Compared with financial year 2024, the result moved from € -93,167 to € -140,335. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.

What it is worth Caution

€ -291,002

▼ € 140,335 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -140,335

▼ 51 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 89,275

▲ € 86,495 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -5.1 million.

People and assets in 2025

Vehicles and equipment

€ 600

▼ 33% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 452,444

▲ 38% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 108,564

▲ € 89,694 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 9

▼ € 4,084 vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,990,762 Gross margin 2022: € 1,990,762 First fiscal year in the series	€ -118,129 Gross margin 2023: € -118,129 ▼ € 2.1 million vs 2022 (€ 1,990,762) Unfavourable step	€ -21,429 Gross margin 2024: € -21,429 ▲ € 96,701 vs 2023 (€ -118,129) Favourable step	€ -59,976 Gross margin 2025: € -59,976 ▼ € 38,547 vs 2024 (€ -21,429) Unfavourable step	▼ € 38,547
Profit after taxes	€ 1,661,501 Profit after taxes 2022: € 1,661,501 First fiscal year in the series	€ -198,879 Profit after taxes 2023: € -198,879 ▼ € 1.9 million vs 2022 (€ 1,661,501) Unfavourable step	€ -93,167 Profit after taxes 2024: € -93,167 ▲ € 105,712 vs 2023 (€ -198,879) Favourable step	€ -140,335 Profit after taxes 2025: € -140,335 ▼ € 47,168 vs 2024 (€ -93,167) Unfavourable step	▼ € 47,168
Equity	€ -4,558,620 Equity 2022: € -4,558,620 First fiscal year in the series	€ -57,499 Equity 2023: € -57,499 ▲ € 4.5 million vs 2022 (€ -4,558,620) Favourable step	€ -150,667 Equity 2024: € -150,667 ▼ € 93,167 vs 2023 (€ -57,499) Unfavourable step	€ -291,002 Equity 2025: € -291,002 ▼ € 140,335 vs 2024 (€ -150,667) Unfavourable step	▼ € 140,335
Total debts	€ 5,447,724 Total debts 2022: € 5,447,724 First fiscal year in the series	€ 933,975 Total debts 2023: € 933,975 ▼ 83% vs 2022 (€ 5,447,724) Favourable step	€ 979,973 Total debts 2024: € 979,973 ▲ 5% vs 2023 (€ 933,975) Unfavourable step	€ 1,304,818 Total debts 2025: € 1,304,818 ▲ 33% vs 2024 (€ 979,973) Unfavourable step	▲ 33%
Cash	€ 13,442 Cash 2022: € 13,442 First fiscal year in the series	€ 19,088 Cash 2023: € 19,088 ▲ 42% vs 2022 (€ 13,442) Favourable step	€ 2,780 Cash 2024: € 2,780 ▼ 85% vs 2023 (€ 19,088) Unfavourable step	€ 89,275 Cash 2025: € 89,275 ▲ € 86,495 vs 2024 (€ 2,780) Favourable step	▲ € 86,495
Land & buildings	€ 753,806 Land & buildings 2022: € 753,806 First fiscal year in the series	€ 729,288 Land & buildings 2023: € 729,288 ▼ 3% vs 2022 (€ 753,806) Unchanged	€ 735,242 Land & buildings 2024: € 735,242 ▲ 1% vs 2023 (€ 729,288) Unchanged	€ 850,488 Land & buildings 2025: € 850,488 ▲ 16% vs 2024 (€ 735,242) Unchanged	▲ 16%
Retained profit	€ -4,682,620 Retained profit 2022: € -4,682,620 First fiscal year in the series	€ -4,881,499 Retained profit 2023: € -4,881,499 ▼ € 198,879 vs 2022 (€ -4,682,620) Unfavourable step	€ -4,974,667 Retained profit 2024: € -4,974,667 ▼ € 93,167 vs 2023 (€ -4,881,499) Unfavourable step	€ -5,115,002 Retained profit 2025: € -5,115,002 ▼ € 140,335 vs 2024 (€ -4,974,667) Unfavourable step	▼ € 140,335
Bank debt	€ 596,918 Bank debt 2022: € 596,918 First fiscal year in the series	€ 469,817 Bank debt 2023: € 469,817 ▼ 21% vs 2022 (€ 596,918) Favourable step	€ 327,341 Bank debt 2024: € 327,341 ▼ 30% vs 2023 (€ 469,817) Favourable step	€ 452,444 Bank debt 2025: € 452,444 ▲ 38% vs 2024 (€ 327,341) Unfavourable step	▲ 38%
Balance sheet total	€ 889,104 Balance sheet total 2022: € 889,104 First fiscal year in the series	€ 876,476 Balance sheet total 2023: € 876,476 ▼ 1% vs 2022 (€ 889,104) Unchanged	€ 829,306 Balance sheet total 2024: € 829,306 ▼ 5% vs 2023 (€ 876,476) Unchanged	€ 1,013,816 Balance sheet total 2025: € 1,013,816 ▲ 22% vs 2024 (€ 829,306) Unchanged	▲ 22%
Employees (FTE)	1.2 Employees (FTE) 2022: 1.2 First fiscal year in the series	-	-	-

Key figures of LVS, 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 LVS?

What happened at LVS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Joke Lemenu stepped down as director. NBB
Aug 31, 2026 New annual accounts for financial year 2025: loss of € 140,335. filed late Source: NBB ↗
2024 Joke Lemenu became a director. NBB
2023 Ludwig Lemenu became a director. NBB
Jan 1, 2023 New establishment in Poperinge. KBO
Nov 2, 2000 Start of the company according to the CBE. KBO

In short

From € 1.7 million profit in 2022 to € 140,335 loss in 2025.

Paid € 54,017 in corporate taxes since 2022.

Best year ever: 2022, with € 1.7 million profit.

On average € 1.7 million of value added per employee in 2022.

Original PDFs at the National Bank ↗

Management

Ludwig Lemenu

LVS

SARABO

MTM

ZOETENDAAL

Behind LVS is Ludwig Lemenu. Ludwig Lemenu is also behind SARABO, MTM and ZOETENDAAL.

Directors

According to the 2025 annual accounts

Ludwig Lemenu

Managing director

Also active at: SARABO, MTM, ZOETENDAAL

since 2023

Joke Lemenu

Director

since 2024 · until 2030

Establishments

Establishment units

Physical locations of this company

Registered office

Lokerseweg 43

8970 Poperinge

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0473.180.846

VAT number

BE 0473.180.846

Registered office

Lokerseweg 43, 8970 Poperinge

Names & denominations

LVS

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

2 November 2000

Peppol

Active · Active since 24 Jun 2025

Activities · NACE

Fokken en houden van paarden en andere paardachtigen

Gemengd bedrijf

Ondersteunende activiteiten in verband met de veeteelt

Overige recreatie- en ontspanningsactiviteiten, neg

Gemengd landbouwbedrijf

Overige activiteiten i.v.m. recreatie

View on CBE Public ↗ Annual accounts (NBB) ↗

LVS