LGDM
ActiveSummary
LGDM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-155k) and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-9
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 7.77 against 3.23 in 2024; short-term debt: 11.6% and cash: 1.3% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
-37.7%
Return on assets
1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 11389 sector peers (2025).
NBB · sector comparisonPosition among 11389 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
21 d late
2023
27 d late
2022
67 d late
2021
100 d late
2020
16 d late
2019
31 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
€-155k▲ 4.1%
2024 · €-162k
Total assets
€411k▼ 16.6%
2024 · €493k
Net result
€7k▼ 84.7%
2024 · €43k
Working capital
€323k▲ 6.4%
2024 · €304k
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€-133k▲ 22.7%€32k€36k▲ 13.9%€39k▲ 6.5%€7k▼ 82.3%
Net result€-135k▲ 21.7%€31k€36k▲ 15.2%€43k▲ 20.5%€7k▼ 84.7%
Equity€-271k▼ 99.0%€-240k▲ 11.4%€-205k▲ 14.8%€-162k▲ 21.0%€-155k▲ 4.1%
Total assets€552k▼ 9.9%€610k▲ 10.4%€584k▼ 4.2%€493k▼ 15.7%€411k▼ 16.6%
Debt€823k▲ 9.9%€850k▲ 3.2%€789k▼ 7.2%€654k▼ 17.1%€566k▼ 13.5%
Working capital€189k▼ 42.1%€217k▲ 14.5%€255k▲ 17.5%€304k▲ 19.0%€323k▲ 6.4%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €411k
Fixed assets
€40k ▼ 24.2%
Current assets
€371k ▼ 15.7%
Key figures and ratios
EBITDA
€20k▼
2024 · €53k
Cash flow
€19k▼
2024 · €57k
Solvency
-37.7%▼
2024 · -32.8%
Current ratio
7.77▲
2024 · 3.23
Quick ratio
4.63▲
2024 · 1.75
Debt to equity
-3.65▲
2024 · -4.05
ROA
1.6%▼
2024 · 8.7%
Interest coverage
65.75▼
2024 · 74.51
Debt ≤ 1 year
€48k▼
2024 · €136k
Debt > 1 year
€518k=
2024 · €518k
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 | - | - | €413 | - | - | - |
| Remuneration, social security and pensions62 | €3k | €-405 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €15k | €15k | €14k | €13k | ▼ 9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-2k | €2k | €0 | €-19k | - |
| Other operating charges640/8 | €1k | €554 | €100 | €852 | €151 | ▼ 82.3% |
| Non-recurring operating charges66A | - | - | - | €70k | - | - |
| Gross operating margin9900 | €-112k | €45k | €53k | €124k | €517 | ▼ 99.6% |
| Operating profit (loss)9901 | €-133k | €32k | €36k | €39k | €7k | ▼ 82.3% |
| Financial income75/76B | - | - | - | €5k | €1 | ▼ 100.0% |
| Recurring financial income75 | - | - | - | €5k | €1 | ▼ 100.0% |
| Financial charges65/66B | €2k | €1k | €832 | €710 | €300 | ▼ 57.8% |
| Recurring financial charges65 | €2k | €1k | €832 | €710 | €300 | ▼ 57.8% |
| Profit (loss) for the period before taxes9903 | €-135k | €31k | €36k | €43k | €7k | ▼ 84.7% |
| Profit (loss) for the period9904 | €-135k | €31k | €36k | €43k | €7k | ▼ 84.7% |
| Profit (loss) for the period to be appropriated9905 | €-135k | €31k | €36k | €43k | €7k | ▼ 84.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €552k | €610k | €584k | €493k | €411k | ▼ 16.6% |
| Fixed assets21/28 | €88k | €73k | €59k | €53k | €40k | ▼ 24.2% |
| Intangible fixed assets21 | €6k | €4k | €2k | €409 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €82k | €69k | €56k | €53k | €40k | ▼ 23.6% |
| Plant, machinery and equipment23 | €2k | €805 | €0 | €0 | - | - |
| Furniture and vehicles24 | €3k | €2k | €1k | €424 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €77k | €66k | €55k | €52k | €40k | ▼ 23.0% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €464k | €537k | €526k | €440k | €371k | ▼ 15.7% |
| Stocks and contracts in progress3 | €296k | €291k | €298k | €202k | €150k | ▼ 25.6% |
| Stocks30/36 | €296k | €291k | €298k | €202k | €150k | ▼ 25.6% |
| Amounts receivable within one year40/41 | €166k | €150k | €168k | €169k | €215k | ▲ 27.0% |
| Trade receivables40 | €97k | €109k | €118k | €59k | €59k | = |
| Other amounts receivable41 | €69k | €41k | €50k | €110k | €156k | ▲ 41.6% |
| Cash at bank and in hand54/58 | €2k | €95k | €59k | €69k | €5k | ▼ 92.1% |
| Deferred charges and accrued income490/1 | €246 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €552k | €610k | €584k | €493k | €411k | ▼ 16.6% |
| Equity10/15 | €-271k | €-240k | €-205k | €-162k | €-155k | ▲ 4.1% |
| Contributions10/11 | €50k | €50k | €50k | €50k | €50k | = |
| Profit (loss) carried forward14 | €-321k | €-290k | €-255k | €-212k | €-205k | ▲ 3.1% |
| Amounts payable17/49 | €823k | €850k | €789k | €654k | €566k | ▼ 13.5% |
| Amounts payable after more than one year17 | €549k | €530k | €518k | €518k | €518k | = |
| Financial debts170/4 | €31k | €12k | - | - | - | - |
| Other amounts payable178/9 | €518k | €518k | €518k | €518k | €518k | = |
| Amounts payable within one year42/48 | €275k | €320k | €271k | €136k | €48k | ▼ 65.0% |
| Current portion of amounts payable after more than one year42 | €18k | €18k | €12k | €0 | €0 | - |
| Trade debts44 | €112k | €112k | €30k | €9k | €3k | ▼ 67.1% |
| Suppliers440/4 | €112k | €112k | €30k | €9k | €3k | ▼ 67.1% |
| Advances received on contracts in progress46 | €346 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €6k | €26k | €35k | €23k | - | - |
| Taxes450/3 | €5k | €26k | €35k | €23k | - | - |
| Remuneration and social security454/9 | €438 | - | - | - | - | - |
| Other amounts payable47/48 | €139k | €164k | €193k | €103k | €45k | ▼ 56.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-135k | €31k | €36k | €43k | €7k | ▼ 84.7% |
| + Depreciation and write-downs630 | €17k | €15k | €15k | €14k | €13k | ▼ 9.0% |
| Operating cash flow (approximation) | €-118k | €46k | €50k | €57k | €19k | ▼ 66.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €0 | ▲ 100% |
| Change in cash | - | €94k | €-36k | €9k | €-63k | ▼ 785% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 7.77
Current ratio from 3.23 to 7.77; short-term debt falls from €136k to €48k.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Back to profitnet €31k
Net result €31k after 3 loss-making years.
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Weakest financial yearnet €-172k
Net result drops to €-172k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Nivelles · 1 establishment unit since 2011
Ground area
1.9 ha
Building footprint
1,139 m²
Volume, LiDAR
8,218 m³
2 parcels, Wallonia · tallest building 26.1 m, ±8 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Place de Petit-Roeulx 13, 7181 Seneffe
since 20112.197.972.983
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783E0350/00G000 | Wallonia | 1.7 ha | 1 · 357 m² | 26.1 m · 8 fl. |
| 52052B0239/00F000 | Wallonia | 1,761 m² | 1 · 782 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Of 1,743 companies in sector 46150 we hold annual accounts for 758. 550 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
Founded23-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
47553Retail trade
47559Retail sale of other household articles
74130Interior design
Scores and ratios are computed by Checked and are not a credit decision.