Warning lights
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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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
LSB GROUP from Maldegem, company number BE0657759572, closed financial year 2025 with a result of € 518,646 after tax. For that financial year LSB GROUP recorded revenue of € 1.7 million and equity of € 8.4 million. Compared with financial year 2024, the result moved from € 480,202 to € 518,646. 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 June 29, 2026.
€ 8.4 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 518,646
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 350,161
▼ 50% 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
€ 9.8 million
Loans from banks and other lenders, long and short.
€ 113,876
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,191,764 | € 1,177,070 | € 1,195,336 | € 1,688,485 | ▲ 41% |
| Profit after taxes | € 207,212 | € 799,560 | € 480,202 | € 518,646 | ▲ 8% |
| Equity | € 6,642,216 | € 7,441,776 | € 7,921,978 | € 8,440,624 | ▲ 7% |
| Total debts | € 11,355,940 | € 11,640,115 | € 10,062,691 | € 10,143,861 | ▲ 1% |
| Cash | € 255,781 | € 163,502 | € 695,992 | € 350,161 | ▼ 50% |
| Retained profit | € 1,142,216 | € 1,941,776 | € 2,421,978 | € 2,940,624 | ▲ 21% |
| Bank debt | € 10,809,985 | € 10,809,985 | € 9,809,985 | € 9,809,985 | |
| Balance sheet total | € 17,998,156 | € 19,081,890 | € 17,984,669 | € 18,584,486 | ▲ 3% |
Key figures of LSB GROUP, 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 LSB GROUP?
What happened at LSB GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- De Lecto et Sede BV stepped down as director. NBB
- Peter De Meyer stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 518,646 (▲ 8% vs 2024). Source: NBB ↗
- Maenhout Koen BV stepped down as director. NBB
- Strateqo BV became a director. NBB
- Just Grow CommV became a director. NBB
- De Lecto et Sede BV became a director. NBB
- Peter De Meyer became a director. NBB
In short
From € 207,212 profit in 2022 to € 518,646 profit in 2025.
Paid € 3,638 in corporate taxes since 2022.
Best year ever: 2023, with € 799,560 profit.
Pays suppliers within 33 days on average.
Management
Behind LSB GROUP are Strateqo BV and Just Grow CommV. It owns 100% of Morgana Nederland BV, 100% of LS Bedding and 100% of LS Real Estate itself.
Directors
According to the 2025 annual accounts
Chairman of the board · represented by Michiel Lannoye
Also active at: LS BEDDING, HELIOS TRADING, UMBROSA, LS REAL ESTATE, VFMS
since 2025
Director · represented by Dominik De Vreese
Also active at: LS BEDDING, LS REAL ESTATE
since 2025
since 2022 · until 2028
Managing director · represented by Koen Maenhout
since 2022 · until 2026
since 2025 · until 2029
Establishments
Establishment units
Physical locations of this company
Bogaardestraat 228 box B
9990 Maldegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
lsbedding.com
Registered
2000-05-24
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-05-24
Website info
Features
Security
Details
- Company number
- 0657.759.572
- VAT number
- BE 0657.759.572
- Registered office
- Bogaardestraat 228 bus B, 9990 Maldegem
- Names & denominations
- LSB GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2016
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- lsbedding.com
- Activities · NACE
Activiteiten van holdings
Holdings