L2MG
ActiveSummary
The computed 12-month bankruptcy probability of L2MG is 7.9% (elevated). The 2025 annual accounts show negative equity (€-17k) and a net result of €-15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 13417 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-18
Growth32=
Track record100
Bankruptcy probability, 12 months
7.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.88 in 2024; short-term debt: 271.3% and cash: 9.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
-171.3%
Return on assets
-153.7%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-17k
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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
92 d late
2023
22 d late
2022
142 d late
2021
31 d late
2020
30 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€-17k▼ 874%
2024 · €-2k
Total assets
€10k▼ 63.0%
2024 · €27k
Net result
€-15k▲ 45.7%
2024 · €-28k
Working capital
€-18k▼ 446%
2024 · €-3k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€55k▲ 8.9%€-14k€-50k▼ 273%€-27k▲ 47.0%€-15k▲ 45.6%
Net result€40k▲ 9.7%€-13k€-52k▼ 293%€-28k▲ 46.1%€-15k▲ 45.7%
Equity€91k▲ 77.7%€78k▼ 14.4%€26k▼ 66.4%€-2k€-17k▼ 874%
Total assets€148k▲ 46.0%€132k▼ 11.2%€78k▼ 40.4%€27k▼ 65.9%€10k▼ 63.0%
Debt€57k▲ 13.3%€53k▼ 5.9%€52k▼ 2.2%€29k▼ 45.4%€27k▼ 5.8%
Working capital€73k▲ 55.3%€36k▼ 51.4%€-13k€-3k▲ 74.9%€-18k▼ 446%
Staff (FTE)1.5▼ 11.8%1.5=1▼ 33.3%3.2▲ 220%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €27k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10k
Fixed assets
€1k ▼ 13.2%
Current assets
€8k ▼ 66.2%
Key figures and ratios
EBITDA
€-14k▲
2024 · €-27k
Cash flow
€-15k▲
2024 · €-28k
Solvency
-171.3%▼
2024 · -6.5%
Current ratio
0.32▼
2024 · 0.88
Debt to equity
-1.58▲
2024 · -16.38
ROA
-153.7%▼
2024 · -104.6%
Interest coverage
-70.87▼
2024 · -14.65
Debt ≤ 1 year
€27k▼
2024 · €29k
Income taxes
€493▲
2024 · €-517
Staff costs
€1k▼
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7k | - | - |
| Remuneration, social security and pensions62 | €35k | €72k | €52k | €15k | €1k | ▼ 93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €10k | €11k | €214 | €214 | = |
| Other operating charges640/8 | €749 | €218 | €877 | €559 | €5k | ▲ 795% |
| Gross operating margin9900 | €98k | €68k | €14k | €-11k | €-8k | ▲ 22.6% |
| Operating profit (loss)9901 | €55k | €-14k | €-50k | €-27k | €-15k | ▲ 45.6% |
| Financial income75/76B | €16 | €9 | €0 | €0 | - | - |
| Recurring financial income75 | €16 | €9 | €0 | €0 | - | - |
| Financial charges65/66B | €223 | €2k | €2k | €2k | €202 | ▼ 88.8% |
| Recurring financial charges65 | €223 | €2k | €2k | €2k | €202 | ▼ 88.8% |
| Profit (loss) for the period before taxes9903 | €54k | €-16k | €-52k | €-29k | €-15k | ▲ 48.4% |
| Income taxes67/77 | €14k | €-3k | - | €-517 | €493 | ▲ 195% |
| Profit (loss) for the period9904 | €40k | €-13k | €-52k | €-28k | €-15k | ▲ 45.7% |
| Profit (loss) for the period to be appropriated9905 | €40k | €-13k | €-52k | €-28k | €-15k | ▲ 45.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148k | €132k | €78k | €27k | €10k | ▼ 63.0% |
| Fixed assets21/28 | €40k | €57k | €46k | €2k | €1k | ▼ 13.2% |
| Intangible fixed assets21 | €8k | €7k | €6k | - | - | - |
| Tangible fixed assets22/27 | €26k | €37k | €27k | €2k | €1k | ▼ 13.2% |
| Plant, machinery and equipment23 | €14k | €22k | €15k | - | - | - |
| Furniture and vehicles24 | €7k | €11k | €9k | €2k | €1k | ▼ 13.2% |
| Other tangible fixed assets26 | €5k | €4k | €3k | - | - | - |
| Financial fixed assets28 | €6k | €13k | €13k | - | - | - |
| Current assets29/58 | €108k | €75k | €32k | €25k | €8k | ▼ 66.2% |
| Stocks and contracts in progress3 | €879 | €17k | €17k | - | - | - |
| Stocks30/36 | €879 | €17k | €17k | - | - | - |
| Amounts receivable within one year40/41 | €4k | €8k | €11k | €11k | €8k | ▼ 33.8% |
| Trade receivables40 | €4k | - | €11k | €11k | €6k | ▼ 45.5% |
| Other amounts receivable41 | €231 | €8k | - | €395 | €2k | ▲ 291% |
| Cash at bank and in hand54/58 | €100k | €48k | €5k | €14k | €952 | ▼ 93.1% |
| Deferred charges and accrued income490/1 | €3k | €2k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148k | €132k | €78k | €27k | €10k | ▼ 63.0% |
| Equity10/15 | €91k | €78k | €26k | €-2k | €-17k | ▼ 874% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Reserves13 | €76k | €76k | €76k | €76k | €76k | = |
| Distributable reserves133 | €76k | €76k | €76k | €76k | €76k | = |
| Profit (loss) carried forward14 | - | €-13k | €-65k | €-93k | €-108k | ▼ 16.3% |
| Amounts payable17/49 | €57k | €53k | €52k | €29k | €27k | ▼ 5.8% |
| Amounts payable after more than one year17 | €22k | €15k | €6k | - | - | - |
| Financial debts170/4 | €22k | €15k | €6k | - | - | - |
| Amounts payable within one year42/48 | €35k | €39k | €46k | €29k | €27k | ▼ 5.8% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €8k | - | - | - |
| Trade debts44 | - | €694 | €8k | €666 | €1k | ▲ 62.0% |
| Suppliers440/4 | - | €694 | €8k | €666 | €1k | ▲ 62.0% |
| Advances received on contracts in progress46 | - | €800 | - | - | - | - |
| Taxes, remuneration and social security45 | €24k | €29k | €25k | €140 | €316 | ▲ 126% |
| Taxes450/3 | €17k | €22k | €16k | €140 | €316 | ▲ 126% |
| Remuneration and social security454/9 | €7k | €8k | €10k | - | - | - |
| Other amounts payable47/48 | €3k | - | €4k | €28k | €25k | ▼ 8.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €-13k | €-52k | €-28k | €-15k | ▲ 45.7% |
| + Depreciation and write-downs630 | €7k | €10k | €11k | €214 | €214 | = |
| Operating cash flow (approximation) | €47k | €-3k | €-41k | €-28k | €-15k | ▲ 46.0% |
| Investment in fixed assets (approximation) | - | €-27k | €-372 | €44k | €0 | ▼ 100% |
| Change in cash | - | €-52k | €-43k | €9k | €-13k | ▼ 239% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 142 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2020net €40k ▲9.7%
Operating result €55k, net result €40k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Charleroi · 1 establishment unit since 2019
Ground area
635 m²
Building footprint
65 m²
Volume, LiDAR
496 m³
Parcel 52058B0561/00C134, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Aromes A Rome
since 20192.296.887.744
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52058B0561/00C134 | Wallonia | 635 m² | 1 · 65 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 9,268 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.