Equity
€20,567 from €254,387 in 2015
Equity fell by 92% in 10 years.
LYHMO
Lifetime
20 annual accounts with figures on one time axis, 47 filings since 1979peak €264,695 (2015)
€277▼ 99.8%
lowest -€62,979 (2025)
-€62,979▼ €97,909
peak €254,387 (2015)
€20,567▼ 75.4%
€817,082▲ 21.7%
peak 2.6 FTE (2011)
0 FTE
Board5 names since 2018
1 directorISIRO APM
Owners3 names in the annual accounts
100%ISIRO APM
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from €145,405 to €277Loss of €62,979Equity from €83,546 to €20,567Debts from €671,593 to €817,082Investments €170,391Cash from €77,757 to €11,915
Key points
from the 2025 annual accountsResult
-€62,979 -€62,979
From profit to loss in 2025, after a profit of €34,930 in 2024.
Debts
€817,082 98% of the balance sheet
Financial debts 74%Suppliers 3%Other 23%
Of this, €210,305 falls due within a year.
Investments
€483,828 14.4 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.23 was 1.37 in 2024
Short-term debts rose from €75,251 to €210,305.
Filings
47 annual accounts since 1979
Nine of the last ten came late. The 2018 accounts came latest: 91 days after the end of the period.
Checked score
53
Fair
Financially stronger than 20% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 0.3%▼ -0.5 percentage points vs 08-2025lowest value
10-2025: 0.3%● unchanged vs 09-2025lowest value
11-2025: 0.3%● unchanged vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025lowest value
01-2026: 0.3%● unchanged vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 1.0%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.4%▼ -0.6 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €62,979 (financial year 2025)
Liquidity: current ratio 0.23, cash €11,915, halved
Equity €20,567 (2.5% of total assets)
lowers risk
Size: total assets €837,649
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 23% of them on solvency, 36% on liquidity, 12% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,104 companies had the same profile as LYHMO has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LYHMO itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for LYHMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.23 (1.37 in 2024), below 1. Short-term debt is 25.1% and cash 1.4% of total assets. 97.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11297 sector peers (2025).
NBB · sector comparisonPosition among 11297 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
25 days late
2023
28 days late
2022
22 days late
2021
3 days early
2020
25 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ISIRO APM 100%score 90equity €380,073 (2025) · 2025 annual accounts of ISIRO APM
- ISIRO RE 100%score 54equity -€20,510 (2025) · 2021 annual accounts of ISIRO RE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0419362969
Registered office moved within Liège
New registered office: Rue Dartois 27 à 4000 Liège · Previous registered office: Rue Pont d'Avroy 19 4000 Liège · General meeting of 31-08-2024 · Gazette deed
1 director appointed, 2 resignations
Resignations: Fiduciaire ACGF and Yannick Fisenne · Appointment: FYdulex SRL · Permanent representative: Yannick Fisenne · General meeting of 06-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LYHMO Liège | €0.8m | €277 | 2.5% | 0 |
| Capitall Twelve Antwerp | €0.6m | -€55,173 | 26.9% | 0 |
| QUATTRO INVEST Bruges | €0.8m | -€97,050 | 49.1% | 0 |
| ADMICOM Kasterlee | €1.4m | -€17,343 | 79.8% | 0 |
| VERLOUW INVEST Ravels | €1.1m | -€11,700 | 23.2% | 0 |
| COPARTY IMMO Nivelles | €0.5m | -€952 | 25.7% | 0 |
| IMMOWORLD Antwerp | €0.4m | €482 | 8.5% | 0 |
These companies have the same main activity as LYHMO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €448,000 and €1.4m, founded between 1977 and 1996.
Official details
Source: KBO- Status
- Active since 01-04-1979Normal situation
- Registered office
- 12 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.273.341.2904000 Liège, since 02-05-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on LYHMO
LYHMO files the abbreviated format. That format states no turnover. The gross margin fell from €90,022 in 2006 to €277 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
ISIRO APM holds all the shares. In June 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LYHMO
- What is the company number of LYHMO?
- The company number of LYHMO is 0419.362.969. The VAT number is the same number with BE in front: BE 0419.362.969.
- Where is LYHMO based?
- The registered office is at Rue Dartois 27, 4000 Liège.Company details
- What does LYHMO do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of LYHMO?
- LYHMO is a private limited company (BV).
- When was LYHMO founded?
- LYHMO was founded on 01-04-1979.
- Is LYHMO still active?
- Yes, LYHMO is an active enterprise in the KBO register.
- How many employees does LYHMO have?
- LYHMO had an average of 1.5 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of LYHMO?
- The turnover in financial year 2025 is ≈ €740. This figure is estimated from the gross margin of €277 and 34 comparable companies (NACE 68201). It probably lies between €490 and €1,200. It is a rough estimate.
- Is LYHMO profitable?
- In financial year 2025, LYHMO made a loss of €62,979.
- Where can I find the annual accounts of LYHMO?
- LYHMO filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LYHMO due?
- LYHMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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