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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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
74 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LHO from Waregem, company number BE0782428328, closed financial year 2025 with a result of € 55,275 after tax. Compared with financial year 2024, the result moved from € 68,040 to € 55,275. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 177,714
▲ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 55,275
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 85,483
▲ € 68,708 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 € 116,214.
Debts at end 2025
€ 15.1 million
▲ 160% vs 2024
€ 5.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.4 million
▲ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 20,121
▼ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Profit after taxes | € -7,101 | € 68,040 | € 55,275 | ▼ 19% |
| Equity | € 54,399 | € 122,439 | € 177,714 | ▲ 45% |
| Total debts | € 4,747,505 | € 6,610,896 | € 16,655,510 | ▲ 152% |
| Cash | € 1,363 | € 16,774 | € 85,483 | ▲ € 68,708 |
| Retained profit | € -7,101 | € 60,939 | € 116,214 | ▲ 91% |
| Bank debt | € 4,721,918 | € 5,822,838 | € 15,146,932 | ▲ 160% |
| Balance sheet total | € 4,801,904 | € 6,733,335 | € 16,833,224 | ▲ 150% |
Key figures of LHO, fiscal years 2023 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 LHO?
What happened at LHO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Thiers stepped down as director. NBB
- Davy Demuynck stepped down as director. NBB
- Kristof Vanfleteren stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 55,275 (▼ 19% vs 2024). Source: NBB ↗
- New establishment in Waregem. KBO
- Paul Thiers became a director. NBB
- Davy Demuynck became a director. NBB
- Kristof Vanfleteren became a director. NBB
In short
From € 7,101 loss in 2023 to € 55,275 profit in 2025.
Paid € 42,947 in corporate taxes since 2023.
Best year ever: 2024, with € 68,040 profit.
Pays suppliers within 55 days on average.
Management
The stake of ION HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LHOThe shares are held by ION HOLDING (100%).
Directors
According to the 2025 annual accounts
Paul Thiers
Director
Also active at: COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, BedRocks, KEMPENSE LAND BANK, STUDIO 2CV, CELIDEE CONSTRUCT, ION Service Provider +39 more
since 2022 · until 2028
Davy Demuynck
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
since 2022 · until 2028
Kristof Vanfleteren
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, A’PEN, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO +139 more
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vredestraat 53
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 74 companies are registered at this address.
All companies at this address →Van Eyck Residentie
€ 159,675 gross margin · 2025
RODEKRUISPLEIN same network
€ 45,360 gross margin · 2025
COBOS same network
DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ same network
€ 325,000 revenue · 2025
SRB-invest
€ 2.1 million gross margin · 2022
+69 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
- 0782.428.328
- VAT number
- BE 0782.428.328
- Registered office
- Vredestraat 53, 8790 Waregem
- Names & denominations
- LHO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 February 2022
- Peppol
- Active · Active since 1 Jan 2001