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LBM SERVICES

Active
Private limited companyfounded 20169 yrs activeStalingradlaan 104, 1000 Brussel, BelgiumKBO/BCE: BE 0664.629.152
Summary

The computed 12-month bankruptcy probability of LBM SERVICES is 3.6% (moderate). The 2024 annual accounts show equity of €12,175 and a net result of €448. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 95% of 18930 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability73▲+73
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 42.65; short-term debt: 1.8% and cash: 71.6% of total assets), and 1.8% of the assets are financed with debt.
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Signals

Four 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 · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
98.2%
Return on assets
3.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-07-2025, 18 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
18 d early
2023
58 d late
2022
23 d late
2021
24 d late
2020
13 d late
2019
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LBM SERVICES was incorporated on 14 October 2016.1 Total assets rose from EUR 10,922 in 2018 to EUR 12,401 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€19,294
EBIT margin
35.5%
Net result
€448
2023 · -€6,300
Working capital
€9,414▼ 43.8%
2022 · €16,748
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
Line20202021202220232024
Turnover
Operating result€12,717▲ 194%-€947-€4,878▼ 415%-€6,039▼ 23.8%€552
Net result€12,529▲ 217%-€1,230-€5,244▼ 326%-€6,300▼ 20.1%€448
EBIT margin
Equity€24,501▲ 105%€23,271▼ 5.0%€18,027▼ 22.5%€11,727▼ 34.9%€12,175▲ 3.8%
Total assets€24,919▲ 86.8%€23,937▼ 3.9%€18,328▼ 23.4%€11,727▼ 36.0%€12,401▲ 5.7%
Debt€418▼ 69.5%€666▲ 59.3%€301▼ 54.8%€226
Working capital€23,041▲ 92.5%€21,662▼ 6.0%€16,748▼ 22.7%€9,414
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000€15,000Operating result 2020: €12,717€12,717Net result 2020: €12,529€12,529Operating result 2021: -€947-€947Net result 2021: -€1,230-€1,230Operating result 2022: -€4,878-€4,878Net result 2022: -€5,244-€5,244Operating result 2023: -€6,039-€6,039Net result 2023: -€6,300-€6,300Operating result 2024: €552€552Net result 2024: €448€44820202021202220232024-€8,000-€6,000-€4,000-€2,000€0Operating result 2022: -€4,878-€4,880Net result 2022: -€5,244-€5,240Operating result 2023: -€6,039-€6,040Net result 2023: -€6,300-€6,300Operating result 2024: €552€552Net result 2024: €448€448202220232024
The operating result returns to profit in 2024: €552 after a loss of €6,039 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12,401
Fixed assets €2,761 ▲ 191%
Current assets €9,640 ▼ 10.6%
Equity and liabilities €12,401
Equity €12,175
Debt €226
Debt finances 1.8% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1,235▲
2023 · -€5,710
Cash flow
€1,131▲
2023 · -€5,971
Current ratio
42.65
Debt to equity
0.02
ROE
3.7%▲
2023 · -53.7%
ROA
3.6%▲
2023 · -53.7%
Interest coverage
11.88▲
2023 · -21.88
Debt ≤ 1 year
€226
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.0% went bankrupt
3.7% stopped otherwise
94% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,047 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 30 lines
Balance sheet Code20232024
Assets
Total assets20/58€11,727€12,401▲
Fixed assets21/28€950€2,761▲
Tangible fixed assets22/27€800€2,611▲
Plant, machinery and equipment23€800€470▼
Furniture and vehicles24-€2,141
Financial fixed assets28€150€150=
Current assets29/58€10,777€9,640▼
Amounts receivable within one year40/41€1,710€755▼
Other amounts receivable41€1,710€755▼
Cash at bank and in hand54/58€9,067€8,885▼
Equity and liabilities
Total equity and liabilities10/49€11,727€12,401▲
Equity10/15€11,727€12,175▲
Contributions10/11€8,150€8,150=
Profit (loss) carried forward14€3,577€4,025▲
Amounts payable17/49-€226
Amounts payable within one year42/48-€226
Trade debts44-€226
Suppliers440/4-€226
Income statement Code20232024
Non-recurring operating income76A€8,000€8,000=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€329€683▲
Other operating charges640/8-€515
Gross operating margin9900-€5,710€1,750▲
Operating profit (loss)9901-€6,039€552▲
Financial charges65/66B€261€104▼
Recurring financial charges65€261€104▼
Profit (loss) for the period before taxes9903-€6,300€448▲
Profit (loss) for the period9904-€6,300€448▲
Profit (loss) for the period to be appropriated9905-€6,300€448▲
Appropriation of the result
Profit (loss) to be appropriated9906€3,577€4,025▲
Profit (loss) brought forward from the previous period14P€9,877€3,577▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A-€4,000€4,000€8,000€8,000=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€190-€330€329€683▲ 108%
Other operating charges640/8----€515-
Gross operating margin9900€12,907-€947-€4,548-€5,710€1,750▲ 131%
Operating profit (loss)9901€12,717-€947-€4,878-€6,039€552▲ 109%
Financial charges65/66B-€283€366€261€104▼ 60.2%
Recurring financial charges65€187€283€366€261€104▼ 60.2%
Profit (loss) for the period before taxes9903€12,529-€1,230-€5,244-€6,300€448▲ 107%
Profit (loss) for the period9904€12,529-€1,230-€5,244-€6,300€448▲ 107%
Profit (loss) for the period to be appropriated9905€12,529-€1,230-€5,244-€6,300€448▲ 107%
Line20202021202220232024Change
Assets
Total assets20/58€24,919€23,937€18,328€11,727€12,401▲ 5.7%
Fixed assets21/28€1,459€1,609€1,279€950€2,761▲ 191%
Tangible fixed assets22/27€1,459€1,459€1,129€800€2,611▲ 226%
Plant, machinery and equipment23-€1,459€1,129€800€470▼ 41.3%
Furniture and vehicles24----€2,141-
Financial fixed assets28-€150€150€150€150=
Current assets29/58€23,460€22,328€17,049€10,777€9,640▼ 10.6%
Amounts receivable within one year40/41€363€432€376€1,710€755▼ 55.8%
Other amounts receivable41-€432€376€1,710€755▼ 55.8%
Cash at bank and in hand54/58€23,096€21,896€16,673€9,067€8,885▼ 2.0%
Equity and liabilities
Total equity and liabilities10/49€24,919€23,937€18,328€11,727€12,401▲ 5.7%
Equity10/15€24,501€23,271€18,027€11,727€12,175▲ 3.8%
Contributions10/11-€8,150€8,150€8,150€8,150=
Profit (loss) carried forward14€16,351€15,121€9,877€3,577€4,025▲ 12.5%
Amounts payable17/49€418€666€301-€226-
Amounts payable within one year42/48€418€666€301-€226-
Trade debts44--€301-€226-
Suppliers440/4--€301-€226-
Other amounts payable47/48-€666----
Line20202021202220232024Change
Profit (loss) for the period9904€12,529-€1,230-€5,244-€6,300€448▲ 107%
+ Depreciation and write-downs630€190-€330€329€683▲ 108%
Operating cash flow (approximation)€12,719-€1,230-€4,914-€5,971€1,131▲ 119%
Investment in fixed assets (approximation)--€150€0€0-€2,494-
Change in cash--€1,200-€5,223-€7,606-€182▲ 97.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
13-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €448
Net result €448 after 3 loss-making years.
27-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial Weakest financial yearnet -€6,300
Net result drops to -€6,300, the lowest in the series; recovery starts the following year.
23-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
24-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
13-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial Highest result since 2018net €12,529 ▲217%
Operating result €12,717, net result €12,529, both a record.
31-12
Financial Liquidity times 6current ratio 56.11
Current ratio from 9.74 to 56.11; short-term debt falls from €1,369 to €418.
29-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial Liquidity triplescurrent ratio 9.74
Current ratio from 3.76 to 9.74; short-term debt falls from €2,907 to €1,369.
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Brussel · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
219 m²
Building footprint
192 m²
Volume, LiDAR
1,554 m³
Parcel 21809K0185/00D003, Brussels · tallest building 17.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
L'ETOILE DU NORD
Stalingradlaan 104, 1000 BrusselLimited-service restaurants, excluding mobile food services
since 20162.258.275.608
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21809K0185/00D003 Brussels 219 m² 1 · 192 m² 17.1 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Brussel2.258.275.608
1 permission
Drankgelegenheid · since 01-11-2016

Similar companies · same sector, comparable size

Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 7,345 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
Founded14-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0664629152
Also 9925:BE0664629152
Registered 18-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.