Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 22.9 to 14.3.
-
Late annual account NBB
Fiscal year 2024 was filed 335 days after the legal deadline.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
-
Busy address KBO
38 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
LifeScan Belgium from Westerlo, company number BE0696820779, closed financial year 2024 with a result of € 210,036 after tax. For that financial year LifeScan Belgium recorded a gross margin of € 3.6 million and equity of € 1.9 million. Compared with financial year 2023, the result moved from € 84,324 to € 210,036. 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 July 1, 2026.
€ 1.9 million
▲ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 210,036
▲ 149% vs 2023
Profit after tax over the fiscal year.
€ 24
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 1.3 million.
People and assets in 2024
14.3
▼ 5.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▼ 10% vs 2023
€ 223,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 89,988
▲ 48% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 552,211
▼ 48% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 4,662,436 | € 4,631,180 | € 4,418,202 | € 3,583,497 | ▼ 19% |
| Profit after taxes | € 258,854 | € 32,079 | € 84,324 | € 210,036 | ▲ 149% |
| Equity | € 1,567,730 | € 1,599,809 | € 1,684,133 | € 1,894,170 | ▲ 12% |
| Total debts | € 5,914,328 | € 4,589,914 | € 5,471,840 | € 3,706,504 | ▼ 32% |
| Cash | € 202 | € 23 | - | € 24 | |
| Retained profit | € 955,330 | € 987,409 | € 1,071,733 | € 1,281,770 | ▲ 20% |
| Balance sheet total | € 7,482,058 | € 6,189,722 | € 7,155,973 | € 5,600,674 | ▼ 22% |
| Employees (FTE) | 23.2 | 22.9 | 19.5 | 14.3 | ▼ 5.2 |
Key figures of LifeScan Belgium, 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 LifeScan Belgium?
What happened at LifeScan Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 210,036 (▲ 149% vs 2023). filed late Source: NBB ↗
- Bimal Desai became a director. NBB
- Alisandra Rizzolo stepped down as director. NBB
- James K Jr Rushing became a director. NBB
- John Byrne De Grandpre stepped down as director. NBB
- Alisandra Rizzolo became a director. NBB
- John Byrne De Grandpre became a director. NBB
- New establishment in Westerlo. KBO
In short
From € 258,854 profit in 2021 to € 210,036 profit in 2024.
Paid € 372,687 in corporate taxes since 2021.
Best year ever: 2021, with € 258,854 profit.
On average € 250,600 of value added per employee in 2024.
A new publication or filing at LifeScan Belgium? 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 LifeScan Belgium are Bimal Desai and James K Jr Rushing.
Directors
According to the 2024 annual accounts
Bimal Desai
Director
since 2026
James K Jr Rushing
Director
since 2024
John Byrne De Grandpre
Director
since 2019 · until 2024
Alisandra Rizzolo
Director
since 2019 · until 2026
Establishments
Establishment units
Physical locations of this company
Nijverheidsstraat 13
2260 Westerlo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 38 companies are registered at this address.
All companies at this address →LOPAR
€ 1.2 million gross margin · 2025
INNOCHEM
€ 34.3 million revenue · 2026
THYS BOUWPROJECTEN
€ -296,460 gross margin · 2025
KERTEZA
€ 912,803 gross margin · 2025
GMI group
€ 16.9 million revenue · 2025
+33 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
- 0696.820.779
- VAT number
- BE 0696.820.779
- Registered office
- Nijverheidsstraat 13, 2260 Westerlo
- Names & denominations
- LifeScan Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 May 2018
- Peppol
- Active · Active since 8 Jan 2026
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