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 9 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
LSR from Grimbergen, company number BE0864659483, closed financial year 2025 with a result of € 48,421 after tax. For that financial year LSR recorded a gross margin of € 170,827 and equity of € 582,564. Compared with financial year 2024, the result moved from € 43,470 to € 48,421. 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 9, 2026.
€ 582,564
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 48,421
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 10,701
▲ 71% 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 € 80,587.
People and assets in 2025
€ 606,836
▼ 5% vs 2024
Of which on lease € 605,600.
Debts at end 2025
€ 228,167
▼ 16% vs 2024
€ 45,565 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 998
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 170,991 | € 162,616 | € 175,816 | € 170,827 | ▼ 3% |
| Profit after taxes | € 37,167 | € 29,199 | € 43,470 | € 48,421 | ▲ 11% |
| Equity | € 461,475 | € 490,673 | € 534,143 | € 582,564 | ▲ 9% |
| Total debts | € 1,511,946 | € 1,384,924 | € 1,283,865 | € 1,172,268 | ▼ 9% |
| Cash | € 38,991 | € 325 | € 6,250 | € 10,701 | ▲ 71% |
| Land & buildings | € 1,180,289 | € 1,143,328 | € 1,106,589 | € 1,064,701 | ▼ 4% |
| Retained profit | € -40,503 | € -11,304 | € 32,166 | € 80,587 | ▲ 151% |
| Bank debt | € 381,941 | € 317,370 | € 272,424 | € 228,167 | ▼ 16% |
| Balance sheet total | € 1,973,421 | € 1,875,597 | € 1,818,008 | € 1,754,832 | ▼ 3% |
Key figures of LSR, 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 LSR?
What happened at LSR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rudi Verbruggen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 48,421 (▲ 11% vs 2024). Source: NBB ↗
- Rudi Verbruggen became a director. NBB
- New establishment in Grimbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,167 profit in 2022 to € 48,421 profit in 2025.
Best year ever: 2025, with € 48,421 profit.
A new publication or filing at LSR? 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
The stake of LSR Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LSRThe shares are held by LSR Holding (99.6%).
Directors
According to the 2025 annual accounts
since 2016 · until 2028
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wezelstraat 32
1850 Grimbergen
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.
Details
- Company number
- 0864.659.483
- VAT number
- BE 0864.659.483
- Registered office
- Wezelstraat 32, 1850 Grimbergen
- Names & denominations
- LSR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 April 2004
- Peppol
- Not registered