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L.M. Diving Service

Active
Private limited companyfounded 2002active for 24 yearsVaddenhoek 36, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0477.316.709
Summary

L.M. Diving Service has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €384,823 and a net result of €92,185. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 23% of 1,212 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110
1 site
Size
€1.6mtotal assets 2025
Equity
€384,823
Profit
€92,185
Turnover not published (abbreviated or micro format)
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Accounts filed 27 days late0 of 6 deeds read
Why 87raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Liquidity: current ratio 0.70, cash €47,375lowers riskSize: total assets €1.6mFounded in 2002Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 25, micro)
Financial strength · tick = 2024
Average
Solvency 49+3
equity 23.9% of total assets
Liquidity 52+3
short-term debt 13.0% · cash 2.9%
Profitability 69-10
return on assets 5.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,698 companies, NACE 25, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.3%▲ +0.1 percentage points vs 11-2024 01-2025: 0.4%▲ +0.1 percentage points vs 12-2024 02-2025: 0.2%▼ -0.2 percentage points vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.3%▲ +0.1 percentage points vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.6%▲ +0.2 percentage points vs 01-2026highest value 03-2026: 0.2%▼ -0.4 percentage points vs 02-2026lowest value 04-2026: 0.2%● unchanged vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026lowest value 06-2026: 0.2%● unchanged vs 05-2026lowest value 07-2026: 0.2%● unchanged vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.7, compared with 1.48 in 2024; short-term debt: 13% and cash: 2.9% of total assets), and 76.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 25, micro): better than 27% on solvency, 48% on liquidity, 34% on profitability and 75% on growth.

The bankruptcy probability was computed on 10-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.6m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
raises risk · Liquidity: current ratio 0.70, cash €47,375
NBB · annual accounts
lowers risk · Founded in 2002
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1212 sector peers (2025).
NBB · sector comparison
Position among 1212 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are in a legal situation other than normal, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
24 days early
2023
42 days early
2022
27 days early
2021
21 days early
2020
45 days early
2019
28 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 7 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end11-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Total assets 20256 financial years filed €1.6m View
  • Active since 2002founded 11-04-2002 24 years View

By topic

Financials

Financial year
2025
Total assets
€1.6m
Profit
€92,185
Solvency
23.9%
Total assets▲ 10.9%
Net result
20192025
Go to Financials

Timeline

Events
28
Since
2004
Next accounts
by 31-01-2027
  1. 30-06-2023Highest result from 2019 to 2025
  2. 30-06-2023Equity above €200,000
  3. 04-01-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
11-04-2002
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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