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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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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LGS2 from Brussel, company number BE0476858334, closed financial year 2025 with a result of € 41,641 after tax. Compared with financial year 2024, the result moved from € 547,405 to € 41,641. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ 11 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,641
▼ 92% vs 2024
Profit after tax over the fiscal year.
€ 3,916
▼ 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 € 2.9 million.
Debts at end 2025
€ 32.3 million
▲ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 8,380
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 255 days on average.
€ 43
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -1,476 | € 393,343 | € 547,405 | € 41,641 | ▼ 92% |
| Equity | € 9,987,360 | € 10,380,703 | € 10,928,107 | € 10,969,748 | |
| Total debts | € 35,055,683 | € 36,142,505 | € 37,210,563 | € 38,001,243 | ▲ 2% |
| Cash | € 8,524 | € 9,364 | € 10,970 | € 3,916 | ▼ 64% |
| Retained profit | € 1,964,153 | € 2,357,496 | € 2,904,901 | € 2,946,541 | ▲ 1% |
| Bank debt | € 29,846,962 | € 30,739,910 | € 31,662,108 | € 32,339,853 | ▲ 2% |
| Balance sheet total | € 45,043,042 | € 46,523,207 | € 48,138,670 | € 48,970,991 | ▲ 2% |
Key figures of LGS2, 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 LGS2?
What happened at LGS2 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 41,641 (▼ 92% vs 2024). filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,476 loss in 2022 to € 41,641 profit in 2025.
Best year ever: 2024, with € 547,405 profit.
Management
Behind LGS2 is Kenneth GATES. The shares are held by GALA HOLDING SRL (100%). It owns 100% of PIAS GROUP and 75.7% of PIAS FRANCE SARL itself.
Directors
According to the 2025 annual accounts
Kenneth GATES
Manager
Also active at: PLAY IT AGAIN SAM, PIAS GROUP, GLS, FOLLOW-UP, RD, Source Publishing
Shareholders
100%
Participations
100%
PIAS FRANCE SARL
75.7%
Establishments
Establishment units
Physical locations of this company
Sint-Laurensstraat 36-38
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →CRAMMED DISCS
€ 42,081 gross margin · 2025
New Music Corporation - Hebra Records
€ 18,198 gross margin · 2025
MIRE
€ 17,992 gross margin · 2025
PLAY IT AGAIN SAM same network
€ 25.2 million revenue · 2025
PIAS GROUP same network
+9 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
- 0476.858.334
- VAT number
- BE 0476.858.334
- Registered office
- Sint-Laurensstraat 36-38, 1000 Brussel
- Names & denominations
- LGS2
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 February 2002
- Peppol
- Active · Active since 15 Apr 2026