LDM
ActiveSummary
The computed 12-month bankruptcy probability of LDM is 4.4% (elevated). The 2024 annual accounts show equity of €39,416 and a net result of €16,209. Equity is growing by ~72.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 3560 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+9
Solvency62▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.56 against 1.68 in 2023; short-term debt: 60% and cash: 0.5% of total assets), but 63% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024Solvency, return and age of the figures
Solvency
37%
Return on assets
15.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
21 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 26 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 (1)
History
Go further with this company
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Financials · fiscal year 2024, full schema
Turnover
€248,350▲ 0.2%
2023 · €247,776
EBIT margin
10.8%▲ 5.4pp
2023 · 5.5%
Net result
€16,209▲ 106%
2023 · €7,870
Working capital
€35,982▲ 89.4%
2023 · €18,998
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€338,463-€249,724▼ 26.2%€247,776▼ 0.8%€248,350▲ 0.2%
Operating result€19,182-€13,062▼ 31.9%€13,546▲ 3.7%€26,881▲ 98.4%
Net result€5,753within the sector's middle half-€8,084within the sector's middle half▲ 40.5%€7,870within the sector's middle half▼ 2.6%€16,209within the sector's middle half▲ 106%
EBIT margin5.7%-5.2%▼ 0.4pp5.5%▲ 0.2pp10.8%▲ 5.4pp
Equity€7,253below the sector's middle half-€15,337below the sector's middle half▲ 111%€23,207within the sector's middle half▲ 51.3%€39,416below the sector's middle half▲ 69.8%
Total assets€64,143below the sector's middle half-€61,440below the sector's middle half▼ 4.2%€59,697below the sector's middle half▼ 2.8%€106,461below the sector's middle half▲ 78.3%
Debt€56,889-€46,103▼ 19.0%€36,490▼ 20.9%€67,045▲ 83.7%
Working capital€1,144below the sector's middle half-€10,520within the sector's middle half▲ 820%€18,998within the sector's middle half▲ 80.6%€35,982within the sector's middle half▲ 89.4%
Solvency11.3%below the sector's middle half-25.0%within the sector's middle half▲ 13.7pp38.9%within the sector's middle half▲ 13.9pp37.0%within the sector's middle half▼ 1.9pp
Current ratio1.03below the sector's middle half-1.33within the sector's middle half▲ 0.301.68within the sector's middle half▲ 0.351.56within the sector's middle half▼ 0.12
Return on assets (ROA)9.0%within the sector's middle half-13.2%within the sector's middle half▲ 4.2pp13.2%within the sector's middle half=15.2%above the sector's middle half▲ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 98% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106,461
Fixed assets
€6,609 ▼ 49.0%
Current assets
€99,851 ▲ 114%
Equity and liabilities €106,461
Equity
€39,416 ▲ 69.8%
Debt
€67,045 ▲ 83.7%
Debt's share of the balance-sheet total rises from 61.1% to 63.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,235▲
2023 · €20,053
Cash flow
€22,562▲
2023 · €14,376
Debt to equity
1.70▲
2023 · 1.57
ROE
41.1%▲
2023 · 33.9%
Interest coverage
15.78▼
2023 · 17.25
Debt ≤ 1 year
€63,869▲
2023 · €27,737
Debt > 1 year
€3,176▼
2023 · €8,753
Income taxes
€8,570▲
2023 · €4,514
Staff costs
€1,241▼
2023 · €1,441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 26,970 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
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €338,463 | €249,724 | €247,776 | €248,350 | ▲ 0.2% |
| Goods, raw materials, services and sundry goods60/61 | €311,322 | €226,223 | €227,890 | €219,111 | ▼ 3.9% |
| Remuneration, social security and pensions62 | €1,142 | €1,744 | €1,441 | €1,241 | ▼ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,097 | €7,005 | €6,506 | €6,354 | ▼ 2.3% |
| Other operating charges640/8 | €2,021 | €3,482 | €1,900 | €2,152 | ▲ 13.3% |
| Gross operating margin9900 | €29,441 | €25,293 | €23,393 | €36,628 | ▲ 56.6% |
| Operating profit (loss)9901 | €19,182 | €13,062 | €13,546 | €26,881 | ▲ 98.4% |
| Financial income75/76B | €1 | €3 | €0 | €3 | ▲ 1,209% |
| Recurring financial income75 | €1 | €3 | €0 | €3 | ▲ 1,209% |
| Financial charges65/66B | €10,193 | €1,198 | €1,163 | €2,106 | ▲ 81.2% |
| Recurring financial charges65 | €10,193 | €1,198 | €1,163 | €2,106 | ▲ 81.2% |
| Profit (loss) for the period before taxes9903 | €8,990 | €11,867 | €12,384 | €24,778 | ▲ 100% |
| Income taxes67/77 | €3,236 | €3,783 | €4,514 | €8,570 | ▲ 89.9% |
| Profit (loss) for the period9904 | €5,753 | €8,084 | €7,870 | €16,209 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €5,753 | €8,084 | €7,870 | €16,209 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €64,143 | €61,440 | €59,697 | €106,461 | ▲ 78.3% |
| Fixed assets21/28 | €26,474 | €19,469 | €12,963 | €6,609 | ▼ 49.0% |
| Tangible fixed assets22/27 | €25,974 | €18,969 | €12,463 | €6,109 | ▼ 51.0% |
| Furniture and vehicles24 | €803 | €152 | - | - | - |
| Leasing and similar rights25 | €25,170 | €18,817 | €12,463 | €6,109 | ▼ 51.0% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €37,669 | €41,971 | €46,734 | €99,851 | ▲ 114% |
| Amounts receivable within one year40/41 | €36,441 | €41,076 | €33,390 | €99,355 | ▲ 198% |
| Trade receivables40 | €35,544 | €32,857 | €182 | €42,346 | ▲ 23,166% |
| Other amounts receivable41 | €897 | €8,219 | €33,208 | €57,009 | ▲ 71.7% |
| Cash at bank and in hand54/58 | €311 | €895 | €1,033 | €496 | ▼ 52.0% |
| Deferred charges and accrued income490/1 | €918 | - | €12,312 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €64,143 | €61,440 | €59,697 | €106,461 | ▲ 78.3% |
| Equity10/15 | €7,253 | €15,337 | €23,207 | €39,416 | ▲ 69.8% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Capital10 | €1,500 | €1,500 | - | - | - |
| Issued capital100 | €1,500 | €1,500 | - | - | - |
| Outside capital11 | - | - | €1,500 | €1,500 | = |
| Other1109/19 | - | - | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €5,753 | €13,837 | €21,707 | €37,916 | ▲ 74.7% |
| Amounts payable17/49 | €56,889 | €46,103 | €36,490 | €67,045 | ▲ 83.7% |
| Amounts payable after more than one year17 | €20,364 | €14,652 | €8,753 | €3,176 | ▼ 63.7% |
| Financial debts170/4 | €20,364 | €14,652 | €8,753 | €3,176 | ▼ 63.7% |
| Amounts payable within one year42/48 | €36,525 | €31,451 | €27,737 | €63,869 | ▲ 130% |
| Current portion of amounts payable after more than one year42 | €5,529 | €5,711 | €5,899 | €5,578 | ▼ 5.4% |
| Financial debts43 | - | €1,207 | €7,351 | €9,253 | ▲ 25.9% |
| Credit institutions430/8 | - | €1,207 | €7,351 | €9,253 | ▲ 25.9% |
| Trade debts44 | €25,648 | €17,392 | €5,981 | €35,954 | ▲ 501% |
| Suppliers440/4 | €1,641 | €73 | €2,467 | €1,666 | ▼ 32.5% |
| Bills of exchange payable441 | €24,007 | €17,319 | €3,513 | €34,288 | ▲ 876% |
| Taxes, remuneration and social security45 | €5,348 | €7,141 | €8,506 | €13,084 | ▲ 53.8% |
| Taxes450/3 | €3,348 | €7,141 | €8,506 | €13,084 | ▲ 53.8% |
| Remuneration and social security454/9 | €2,000 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,753 | €8,084 | €7,870 | €16,209 | ▲ 106% |
| + Depreciation and write-downs630 | €7,097 | €7,005 | €6,506 | €6,354 | ▼ 2.3% |
| Operating cash flow (approximation) | €12,850 | €15,088 | €14,376 | €22,562 | ▲ 56.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €584 | €138 | -€537 | ▼ 489% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
31-12
Financial
Highest result since 2021net €16,209 ▲106%
Operating result €26,881, net result €16,209, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ganshoren · 1 establishment unit since 2020
Ground area
837 m²
Building footprint
656 m²
Volume, LiDAR
10,387 m³
Parcel 21392A0009/00A003, Brussels · tallest building 18.6 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
LDM
since 20202.305.578.746
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392A0009/00A003 | Brussels | 837 m² | 1 · 656 m² | 18.6 m · 6 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
Recognised contractor
4 categoriesLDM SRL44575
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,179 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
Founded10-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43343Specialised construction activities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751939842
Also
9925:BE0751939842
Registered
14-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.