L & M CV en Sanitair
ActiveSummary
L & M CV en Sanitair has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €-172. Equity is shrinking by ~20.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 11% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+6
Solvency30▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.05 against 1.07 in 2024; short-term debt: 95.4% of total assets), and 95.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.6%
Return on assets
-0.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
30 d late
2023
30 d late
2022
30 d late
2021
30 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 8.1%
2024 · €2k
2018: €24k
2019: €25k
2020: €31k
2021: €32k
2022: €17k
2023: €1k
2024: €2k
2018 → 2025
Total assets
€42k▼ 14.3%
2024 · €49k
2018: €133k
2019: €182k
2020: €157k
2021: €128k
2022: €143k
2023: €67k
2024: €49k
2018 → 2025
Net result
€-172
2024 · €839
2018: €1k
2019: €329
2020: €6k
2021: €900
2022: €-15k
2023: €-15k
2024: €839
2018 → 2025
Working capital
€2k▼ 38.7%
2024 · €3k
2018: €-9k
2019: €-6k
2020: €17k
2021: €20k
2022: €4k
2023: €-9k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€17k▼ 47.3%€1k▼ 92.3%€2k▲ 65.4%€2k▼ 8.1%
Operating result€2k-€-12k€-13k▼ 4.0%€4k€760▼ 79.9%
Net result€900-€-15k€-15k▼ 2.8%€839€-172
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42k
Fixed assets
€121 ▼ 94.2%
Current assets
€42k ▼ 10.7%
Equity and liabilities €42k
Equity
€2k ▼ 8.1%
Debt
€40k ▼ 14.5%
Debt's share of the balance-sheet total falls from 95.7% to 95.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▼
2024 · €6k
Cash flow
€2k▼
2024 · €3k
Current ratio
1.05▼
2024 · 1.07
Quick ratio
0.17▼
2024 · 0.27
Debt to equity
20.55▼
2024 · 22.09
ROE
-8.8%▼
2024 · 39.5%
ROA
-0.4%▼
2024 · 1.7%
Interest coverage
2.94▲
2024 · 1.97
Debt ≤ 1 year
€40k▼
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€49k€42k▼
Fixed assets21/28€2k€121▼
Tangible fixed assets22/27€2k€121▼
Land and buildings22€1k-
Plant, machinery and equipment23€853€121▼
Current assets29/58€47k€42k▼
Stocks and contracts in progress3€35k€35k=
Stocks30/36€35k€35k=
Amounts receivable within one year40/41€7k€7k▼
Trade receivables40€7k€6k▼
Other amounts receivable41-€869
Cash at bank and in hand54/58€4k-
Equity and liabilities
Total equity and liabilities10/49€49k€42k▼
Equity10/15€2k€2k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-18k€-19k▼
Amounts payable17/49€47k€40k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€44k€40k▼
Current portion of amounts payable after more than one year42€7k€3k▼
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€380€314▼
Suppliers440/4€380€314▼
Taxes, remuneration and social security45€4k€314▼
Taxes450/3€4k€314▼
Other amounts payable47/48€33k€28k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€2k€168▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€8k€3k▼
Operating profit (loss)9901€4k€760▼
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€3k€932▼
Recurring financial charges65€3k€932▼
Profit (loss) for the period before taxes9903€839€-172▼
Profit (loss) for the period9904€839€-172▼
Profit (loss) for the period to be appropriated9905€839€-172▼
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-19k▼
Profit (loss) brought forward from the previous period14P€-19k€-18k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €839
Net result €839 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €6k ▲1728%
Operating result €10k, net result €6k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Peer · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kaulillerweg 233990 PeerGround area
1,601 m²
Building footprint
197 m²
Volume, LiDAR
877 m³
Parcel 72010A0494/00F003, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
L & M CV en Sanitair
since 20092.185.125.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72010A0494/00F003 | Flanders | 1,601 m² | 1 · 197 m² | 9.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Martins Corporate Immo
BE 0765.591.702
Halle · Eq €1,911
L.P.T.S.
BE 0767.782.714
Binche · Eq €1,902
IULIELA
BE 0767.777.863
Liedekerke · Eq €2,000
B&Y SOLUTIONS
BE 0798.718.388
Vilvoorde · Eq €2,000
Sanitair en centrale verwarming DEBUSSCHERE Ronny
BE 0894.456.103
Genk · Eq €2,005
Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 514 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.