Financials
- Fiscal year
- 2025
- Turnover
- €504,931
- Loss
- -€62,490
- Solvency
- -61.6%
Turnover▼ 14.1%
Net result
20212025
L & M ENGINEERING
ActiveThe file of L & M ENGINEERING contains 3 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 19.9% (high). The 2025 annual accounts show negative equity (-€149,724) and a net result of -€62,490. Equity is shrinking by ~29.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 32341 sector peers (fiscal year 2025).
Overview
Activity
General electrical installation work
NACE 43211Electrical installation work in industrial facilities NACE 43212Inland freight water transport NACE 50400
1 site
Size
€504,931turnover 2025
- Staff
- 9.5 FTE
- Equity
- -€149,724
- Loss
- -€62,490
Structure
Accounts filed 31 d late0 of 7 deeds read
Why 11- Reorganisation plan being carried out (approved, Gazette 18-06-2026)- Loss of €62,490, the second in a row (FY 2025)- Sector Specialised construction activities (NACE 43)+ Size: turnover €504,931, total assets €243,148Show the evidence
Checked score
Score 2025
11
/ 100
Critical
Probability in this band: over 15.0%
Better than 7% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0=
equity -61.6% of total assets
Liquidity
3+2
short-term debt 151.9% · cash 2.7%
Profitability
0=
return on assets -25.7%
Bankruptcy probability, 12 months
19.9%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 5 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%
12-2024: 0.9%● 0.0% vs 11-2024
01-2025: 0.9%● 0.0% vs 12-2024
02-2025: 0.9%● 0.0% vs 01-2025
03-2025: 0.9%● 0.0% vs 02-2025
04-2025: 0.9%▲ +1.9% vs 03-2025
05-2025: 0.9%▼ -5.9% vs 04-2025
06-2025: 0.8%▼ -4.4% vs 05-2025lowest value
07-2025: 1.0%▲ +19.2% vs 06-2025
08-2025: 1.3%▲ +36.2% vs 07-2025
09-2025: 2.6%▲ +96.6% vs 08-2025
10-2025: 2.7%▲ +1.3% vs 09-2025
11-2025: 2.7%● 0.0% vs 10-2025
12-2025: 2.7%● 0.0% vs 11-2025
07-2026: 18.0%
08-2026: 21.3%▲ +18.4% vs 07-2026highest value
09-2026: 19.9%▼ -6.8% vs 08-2026
10-2026: 19.9%● 0.0% vs 09-2026
- Reorganisation plan being carried out (approved, Gazette 18-06-2026) raises the probability
- Size: turnover €504,931, total assets €243,148 lowers the probability for this profile
- Loss of €62,490, the second in a row (FY 2025) raises the probability
- Sector Specialised construction activities (NACE 43) raises the probability
No credit on open account
Liquidity short (current ratio 0.64 against 0.79 in 2024; short-term debt: 151.9% and cash: 2.7% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 3%, profitability 4%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€149,724
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
28 d late
2022
7 d early
2021
25 d late
2020
22 d late
2019
73 d late
← 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 29 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Plan homologationTribunal de l’entreprise du Hainaut…
- ExtensionTribunal de l’entreprise du Hainaut…
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€149,724 View
- Caution: Among the weakest 5% on solvencysector median 47.2% · 32,341 companies -61.6% View
- Caution: Equity fell in 2025from -€87,234 to -€149,724 ▼ 71.6% View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€62,490 View
By topic
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 18-06-2026Plan homologation
- 27-05-2026Extension
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 23-07-2003
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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