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.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
L.G.BAGS from Bilzen-Hoeselt, company number BE0476225953, closed financial year 2025 with a result of € 66,498 after tax. For that financial year L.G.BAGS recorded a gross margin of € 166,272 and equity of € -250,918. Compared with financial year 2024, the result moved from € 120,244 to € 66,498. The company is profitable. 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 28, 2026.
€ -250,918
▲ € 66,498 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 66,498
▼ 45% vs 2024
Profit after tax over the fiscal year.
€ 111,200
▲ 38% 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 € -269,518.
People and assets in 2025
€ 52,359
▲ 3% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 51,308
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2,471
▼ 85% vs 2024
Loans from banks and other lenders, long and short.
€ 98,733
▲ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,858
▲ € 12,765 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 207,255 | € 133,359 | € 203,216 | € 166,272 | ▼ 18% |
| Profit after taxes | € 141,707 | € 42,891 | € 120,244 | € 66,498 | ▼ 45% |
| Equity | € -480,550 | € -437,660 | € -317,416 | € -250,918 | ▲ € 66,498 |
| Total debts | € 640,211 | € 607,556 | € 516,810 | € 481,720 | ▼ 7% |
| Cash | € 78,797 | € 45,116 | € 80,786 | € 111,200 | ▲ 38% |
| Land & buildings | - | € 1,645 | € 1,249 | € 852 | ▼ 32% |
| Retained profit | € -499,150 | € -456,260 | € -336,016 | € -269,518 | ▲ € 66,498 |
| Bank debt | € 14,056 | € 34,803 | € 16,885 | € 2,471 | ▼ 85% |
| Balance sheet total | € 159,661 | € 169,896 | € 199,394 | € 230,802 | ▲ 16% |
Key figures of L.G.BAGS, 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 L.G.BAGS?
What happened at L.G.BAGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 66,498 (▼ 45% vs 2024). filed late Source: NBB ↗
- New establishment in Charleroi. KBO
- New establishment in Liège. KBO
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
In short
From € 141,707 profit in 2022 to € 66,498 profit in 2025.
Paid € 2,015 in corporate taxes since 2022.
Best year ever: 2022, with € 141,707 profit.
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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
Behind L.G.BAGS are Marc Lormans and Marijke Gregoor.
Directors
According to the 2025 annual accounts
Marc Lormans
Director
Marijke Gregoor
Associate
Establishments
Establishment units
Physical locations of this company
Koekoekstraat 25
3740 Bilzen-Hoeselt
Rootenstraat 8 box 52
3600 Genk
Active since 22 January 2002
Boulevard Raymond-Poincaré 7 box 109B
4020 Liège
Active since 20 November 2009
Place Verte 20
6000 Charleroi
Active since 4 July 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.225.953
- VAT number
- BE 0476.225.953
- Registered office
- Koekoekstraat 25, 3740 Bilzen-Hoeselt
- Names & denominations
- L.G.BAGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2001
- Peppol
- Active · Active since 1 Oct 2025
- Activities · NACE
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