Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
LGS2 from Brussel, company number BE0476858334, closed financial year 2024 with a result of € 547,405 after tax. Compared with financial year 2023, the result moved from € 393,343 to € 547,405. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2025.
€ 10.9 million
▲ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 547,405
▲ 39% vs 2023
Profit after tax over the fiscal year.
€ 10,970
▲ 17% 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 € 2.9 million.
Debts at end 2024
€ 31.7 million
▲ 3% vs 2023
Loans from banks and other lenders, long and short.
€ 7,812
▼ 17% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 43
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 | |
|---|---|---|---|---|---|
| Profit after taxes | € 610,718 | € -1,476 | € 393,343 | € 547,405 | ▲ 39% |
| Equity | € 9,988,835 | € 9,987,360 | € 10,380,703 | € 10,928,107 | ▲ 5% |
| Total debts | € 29,212,679 | € 35,055,683 | € 36,142,505 | € 37,210,563 | ▲ 3% |
| Cash | € 10,142 | € 8,524 | € 9,364 | € 10,970 | ▲ 17% |
| Retained profit | € 1,965,629 | € 1,964,153 | € 2,357,496 | € 2,904,901 | ▲ 23% |
| Bank debt | € 24,261,391 | € 29,846,962 | € 30,739,910 | € 31,662,108 | ▲ 3% |
| Balance sheet total | € 39,201,514 | € 45,043,042 | € 46,523,207 | € 48,138,670 | ▲ 3% |
Key figures of LGS2, 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 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 2024: profit of € 547,405 (▲ 39% vs 2023). Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 610,718 profit in 2021 to € 547,405 profit in 2024.
Best year ever: 2021, with € 610,718 profit.
A new publication or filing at LGS2? 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
Behind LGS2 are Kenneth GATES and Michel LAMBOT. 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 2024 annual accounts
Kenneth GATES
Manager
Also active at: PLAY IT AGAIN SAM, PIAS GROUP, GLS, FOLLOW-UP, RD, Source Publishing
Michel LAMBOT
Manager
Also active at: PIAS GROUP, HARMONIA MUNDI BELGIUM, BANG, GLS, FOLLOW-UP, RD, GALA HOLDING, 62TV RECORDS
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
€ 88,590 gross margin · 2024
New Music Corporation - Hebra Records
€ 18,198 gross margin · 2025
MIRE
€ 17,992 gross margin · 2025
PLAY IT AGAIN SAM same network
€ 23.4 million revenue · 2024
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