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LCDM

Active
Private limited companyfounded 2024active for 1 yearAvenue d'Aix-la-Chapelle 18, 4020 Liège, BelgiumKBO/BCE: BE 1016.064.112
Summary

The computed 12-month bankruptcy probability of LCDM is 1.9% (moderate). The 2025 annual accounts show negative equity (-€2,580) and a net result of -€5,580. Its solvency ranks better than 10% of 9,627 sector peers (NACE 82, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00460843.

Equity
-€2,580
Total assets
€16,801
Net result
-€5,580
Working capital
-€13,011

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €16,159
Fixed assets €9,789
Current assets €6,370
Equity and liabilities
Equity-€2,580
Debt€19,381
Equity is negative: debt (€19,381) exceeds the balance-sheet total (€16,801).
Key figures and ratios
2025 value
EBITDA
-€4,827
Cash flow
-€5,377
Solvency
-15.4%
Current ratio
0.33
Quick ratio
0.27
ROA
-33.2%
Interest coverage
-8.78
Debt
€19,381
Debt ≤ 1 year
€19,381
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90.2% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90.2% still going

For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,322 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 · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€16,801
Formation expenses20€642
Fixed assets21/28€9,789
Tangible fixed assets22/27€9,789
Plant, machinery and equipment23€4,396
Furniture and vehicles24€5,393
Current assets29/58€6,370
Stocks and contracts in progress3€1,162
Stocks30/36€1,162
Amounts receivable within one year40/41€4,945
Trade receivables40€1,877
Other amounts receivable41€3,067
Cash at bank and in hand54/58€264
Equity and liabilities
Total equity and liabilities10/49€16,801
Equity10/15-€2,580
Contributions10/11€3,000
Profit (loss) carried forward14-€5,580
Amounts payable17/49€19,381
Amounts payable within one year42/48€19,381
Trade debts44€19,381
Suppliers440/4€19,381
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204
Other operating charges640/8€947
Gross operating margin9900-€3,880
Operating profit (loss)9901-€5,031
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€550
Recurring financial charges65€550
Profit (loss) for the period before taxes9903-€5,580
Profit (loss) for the period9904-€5,580
Profit (loss) for the period to be appropriated9905-€5,580
Appropriation of the result
Profit (loss) to be appropriated9906-€5,580

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204
Other operating charges640/8€947
Gross operating margin9900-€3,880
Operating profit (loss)9901-€5,031
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€550
Recurring financial charges65€550
Profit (loss) for the period before taxes9903-€5,580
Profit (loss) for the period9904-€5,580
Profit (loss) for the period to be appropriated9905-€5,580
Line2025
Assets
Total assets20/58€16,801
Formation expenses20€642
Fixed assets21/28€9,789
Tangible fixed assets22/27€9,789
Plant, machinery and equipment23€4,396
Furniture and vehicles24€5,393
Current assets29/58€6,370
Stocks and contracts in progress3€1,162
Stocks30/36€1,162
Amounts receivable within one year40/41€4,945
Trade receivables40€1,877
Other amounts receivable41€3,067
Cash at bank and in hand54/58€264
Equity and liabilities
Total equity and liabilities10/49€16,801
Equity10/15-€2,580
Contributions10/11€3,000
Profit (loss) carried forward14-€5,580
Amounts payable17/49€19,381
Amounts payable within one year42/48€19,381
Trade debts44€19,381
Suppliers440/4€19,381
Line2025
Profit (loss) for the period9904-€5,580
+ Depreciation and write-downs630€204
Operating cash flow (approximation)-€5,377

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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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 31-08-2026 2026-00460843

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 4,523 active companies whose main activity is organisation of conventions and trade shows (NACE 82300), figures are known for 1,694. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.