Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LSB IMMO from Courcelles, company number BE0678587650, closed financial year 2025 with a result of € 24,711 after tax. For that financial year LSB IMMO recorded a gross margin of € 273,036 and equity of € 938,954. Compared with financial year 2024, the result moved from € -77,081 to € 24,711. 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 August 19, 2026.
€ 938,954
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,711
▲ still € 77,081 loss in 2024
Profit after tax over the fiscal year.
€ 5,983
▲ 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 € -598,446.
People and assets in 2025
€ 48,529
▲ 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.
€ 1,048
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 613,823
▼ 5% vs 2024
€ 33,253 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 3,820
Supplier invoices still open on the last day of the fiscal year.
€ 7,039
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 206,144 | - | - | |
| Gross margin | € 138,773 | € 213,970 | € 177,502 | € 273,036 | ▲ 54% |
| Profit after taxes | € -95,583 | € -26,430 | € -77,081 | € 24,711 | ▲ € 101,793 |
| Equity | € 782,755 | € 991,324 | € 914,243 | € 938,954 | ▲ 3% |
| Total debts | € 2,655,697 | € 2,792,072 | € 2,505,498 | € 2,137,127 | ▼ 15% |
| Cash | € 16,898 | € 12,467 | € 3,985 | € 5,983 | ▲ 50% |
| Land & buildings | € 3,309,352 | € 3,552,162 | € 3,395,892 | € 3,051,358 | ▼ 10% |
| Retained profit | € -519,645 | € -546,076 | € -623,157 | € -598,446 | ▲ € 24,711 |
| Bank debt | € 381,796 | € 677,419 | € 646,095 | € 613,823 | ▼ 5% |
| Balance sheet total | € 3,438,452 | € 3,783,396 | € 3,419,741 | € 3,076,081 | ▼ 10% |
| Employees (FTE) | - | 1 | 1 | - |
Key figures of LSB IMMO, 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 IMMO?
What happened at LSB IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 24,711. filed late Source: NBB ↗
- Samuel Boutefeu became a director. NBB
- New establishment in Courcelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 95,583 loss in 2022 to € 24,711 profit in 2025.
Best year ever: 2025, with € 24,711 profit.
On average € 177,500 of value added per employee in 2024.
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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 LSB IMMO is Samuel Boutefeu. Samuel Boutefeu is also behind Centre IFAPME de Charleroi.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Rue Winston Churchill(CO) 2
6180 Courcelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0678.587.650
- VAT number
- BE 0678.587.650
- Registered office
- Rue Winston Churchill(CO) 2, 6180 Courcelles
- Names & denominations
- LSB IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2017
- Peppol
- Active · Active since 21 Feb 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen