Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LG Studio from Schaarbeek, company number BE1004006319, closed financial year 2025 with a result of € -168,089 after tax. For that financial year LG Studio recorded a gross margin of € 69,169 and equity of € -321,329. Compared with financial year 2024, the result moved from € -163,240 to € -168,089. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -321,329
▼ € 168,089 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -168,089
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 72,789
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -331,329.
People and assets in 2025
0.9
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 127,800
▲ 108% 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 385,157
▲ 130% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,435
▼ 29% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 1,580 | € 69,169 | ▲ € 67,589 |
| Profit after taxes | € -163,240 | € -168,089 | ▼ € 4,848 |
| Equity | € -153,240 | € -321,329 | ▼ € 168,089 |
| Total debts | € 1,028,734 | € 1,836,342 | ▲ 79% |
| Cash | € 59,259 | € 72,789 | ▲ 23% |
| Retained profit | € -163,240 | € -331,329 | ▼ € 168,089 |
| Balance sheet total | € 875,494 | € 1,515,013 | ▲ 73% |
| Employees (FTE) | 0.3 | 0.9 | ▲ 0.6 |
Key figures of LG Studio, fiscal years 2024 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 LG Studio?
What happened at LG Studio in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 168,089. Source: NBB ↗
- New establishment in Schaarbeek. KBO
- Raf Uten became a director. NBB
- Guy Torrekens became a director. NBB
- Maurits Lemmens became a director. NBB
- Pieter Van Huyck became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 163,240 loss in 2024 to € 168,089 loss in 2025.
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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 KARABOUDJAN, ZAAF comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LG StudioBehind LG Studio are Raf Uten, Guy Torrekens, Maurits Lemmens and Pieter Van Huyck. The shares are held by KARABOUDJAN (42.5%) and ZAAF (42.5%).
Directors
According to the 2025 annual accounts
since 2023
since 2023
Maurits Lemmens
Director
Also active at: SKYLINE ENTERTAINMENT, De Mensen, ZAAF, SALLIE GARDNER AND DOMM, Molines, HET LAATSTE BEDRIJF, GALLOP TAX SHELTER, De Mageren +4 more
since 2023
Pieter Van Huyck
Director
since 2023
Shareholders
42.5%
42.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sleeckxlaan 24
1030 Schaarbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 1004.006.319
- VAT number
- BE 1004.006.319
- Registered office
- Sleeckxlaan 24, 1030 Schaarbeek
- Names & denominations
- LG Studio · LGS · Les Gens Studio of Les Gens Studios of LG Studios
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2023
- Peppol
- Active · Active since 2 Jan 2026
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