Checked.be
Active
BE 0607.860.594Private limited company (pre-2019)
LFMAL
Textielstraat(KOM) 26 ·7780 Comines-Warneton, Belgium· 11 yrs active
Sector: Rental and leasing activities
(77310)
Conclusion
LFMAL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €-9k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 1450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €36k |
| Net result | €-9k |
| Better than sector | 48% |
| Active | 11 yrs |
Financial profile
54
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
37
Profitability
0
Solvency
53
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
37
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
50
2021
78
2022
27
2023
94
2024
37
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.36 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.36 (≥ 1.0)
+5
Profitability
Negatieve ROE -24%
-10
Interest coverage
Interest coverage -61.0× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~162% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 77, Rental and leasing activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.0% | 30.9% | |
| Net result | €-9k | €6k | |
| Equity | €36k | €50k | |
| Gross operating margin | €-10k | €36k | |
| Total assets | €123k | €190k |
€-10k
-
21-25
€-9k
-
21-25
€-7k
-
21-25
€123k
+1.5%
21-25
€36k
-19.3%
21-25
€32k
-24.9%
21-25
€0
-
21-25
€87k
+13.5%
21-25
€87k
+19.4%
21-25
1.36
-13.6%
21-25
1.36
-13.6%
21-25
29.0%
-20.5%
21-25
2.44
+40.7%
21-25
-23.9%
-
21-25
-7.0%
-
21-25
-61.02
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-10k | €19k | €-2k | - | - |
| Net profit | €-9k | €17k | €-3k | €3k | €-30k |
| Cash flow | €-7k | €19k | €-472 | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | €0 | €4k | €738 | €867 | €1k |
| Dividends | - | - | - | - | - |
| Total assets | €123k | €121k | €133k | €108k | €102k |
| Equity | €36k | €44k | €27k | €30k | €27k |
| Debt | €87k | €77k | €106k | €78k | €75k |
| of which ≤ 1y | €87k | €73k | €106k | €78k | €75k |
| of which > 1y | - | - | - | - | - |
| Working capital | €32k | €42k | €12k | €30k | €27k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.36 | 1.58 | 1.11 | 1.39 | 1.36 |
| Quick ratio | 1.36 | 1.58 | 1.11 | 1.39 | 1.36 |
| Working capital ratio | 25.7% | 34.8% | 8.7% | 28.0% | 26.5% |
| Solvency | 29.0% | 36.5% | 20.5% | 28.0% | 26.5% |
| Debt / equity | 2.44 | 1.74 | 3.87 | 2.57 | 2.77 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -61.02 | 110.13 | -3.50 | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -7.0% | 14.0% | -2.2% | 3.0% | -29.3% |
| ROE | -23.9% | 38.4% | -10.8% | 10.9% | -110.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €123k | €121k | €133k | €108k | €102k |
| Fixed assets | 21/28 | €4k | €6k | €16k | - | - |
| Tangible fixed assets | 22/27 | €4k | €6k | €16k | - | - |
| Current assets | 29/58 | €119k | €115k | €117k | €108k | €102k |
| Amounts receivable within one year | 40/41 | €88k | €61k | €63k | €50k | €35k |
| Cash & bank | 54/58 | €25k | €8k | €12k | €12k | €22k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €123k | €121k | €133k | €108k | €102k |
| Equity | 10/15 | €36k | €44k | €27k | €30k | €27k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k | €12k |
| Reserves | 13 | €51k | €51k | €51k | €51k | €51k |
| Accumulated profits (losses) | 14 | €-28k | €-19k | €-36k | €-33k | €-36k |
| Amounts payable | 17/49 | €87k | €77k | €106k | €78k | €75k |
| Amounts payable within one year | 42/48 | €87k | €73k | €106k | €78k | €75k |
| Trade debts payable within one year | 44 | €11k | €2k | €66k | €57k | €73k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-10k | €19k | €-2k | €3k | €-28k |
| Operating result | 9901 | €-12k | €17k | €-5k | €3k | €-28k |
| Financial income | 75 | €4k | €4k | €3k | €3k | €2k |
| Financial charges | 65 | €168 | €170 | €603 | €2k | €2k |
| Result before taxes | 9903 | €-9k | €21k | €-2k | €4k | €-29k |
| Income taxes | 67/77 | €0 | €4k | €738 | €867 | €1k |
| Net result for the period | 9904 | €-9k | €17k | €-3k | €3k | €-30k |
| Result to be appropriated | 9905 | €-9k | €17k | €-3k | €3k | €-30k |
Legal Structure
| NACE primary | Rental and leasing activities(77310) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 20-03-2015 |
| Status | Active |
| Postal code | 7780 |
Establishment units
LFMAL
since 20152.242.785.302
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54002C1013/00R003 | Wallonia | 5,509 m² | 1 · 1,370 m² | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Rental and leasing activities77310Renting and leasing of cars and light motor vehicles77110Rental and leasing activities77120Rental and leasing activities77221
Names & trade names
| Legal nameFR | LFMAL |
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