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LHM

Active
Public limited companyfounded 199927 yrs activeWinkelomseheide 215, 2440 Geel, BelgiumKBO/BCE: BE 0466.972.846
Summary

LHM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.7m and a net result of €729,729. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 145 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
LHMActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of electrical equipment
NACE 27900Manufacture of computer, electronic and optical products NACE 26110NACE 31623
#8 company by staff growth in Geel, Manufacturing sector1 site
Size
€7.2mtotal assets 2025
Staff
23 FTE
Equity
€3.7m
Profit
€729,729
Turnover not published (abridged schema)
Financial health
95 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
HERMAN - MINNEKENS BEHEER
Accounts on time0 of 6 deeds read
Why 95+ Founded in 1999+ Size: 23 FTE, total assets €7.2m+ Liquidity: current ratio 2.24, cash €988,012+ Equity €3.7m (51.6% of total assets)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 61% of its sector peers (NACE 27, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 77-2
equity 51.6% of total assets
Liquidity 52-1
short-term debt 33.7% · cash 13.6%
Profitability 81-8
return on assets 10.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (92 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%▲ +13.7% vs 11-2024 01-2025: 0.1%▲ +62.7% vs 12-2024highest value 02-2025: < 0.1%▼ -70.4% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%● 0.0% vs 03-2025lowest value 05-2025: < 0.1%● 0.0% vs 04-2025lowest value 06-2025: < 0.1%● 0.0% vs 05-2025lowest value 07-2025: < 0.1%● 0.0% vs 06-2025lowest value 08-2025: < 0.1%● 0.0% vs 07-2025lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%▲ +7.5% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%▲ +2.3% vs 11-2025 01-2026: 0.1%▲ +15.9% vs 12-2025 02-2026: 0.1%▲ +102% vs 01-2026 03-2026: < 0.1%▼ -58.3% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%● 0.0% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%▲ +7.0% vs 09-2026
  • Founded in 1999 lowers the probability for this profile
  • Size: 23 FTE, total assets €7.2m lowers the probability for this profile
  • Liquidity: current ratio 2.24, cash €988,012 lowers the probability
  • Equity €3.7m (51.6% of total assets) lowers the probability
Credit up to €350,000 at 30 days acceptable
Liquidity ample (current ratio 2.24 against 2.32 in 2024; short-term debt: 33.7% and cash: 13.6% of total assets), and 48.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 27, small). Better than this share of them on solvency 66%, liquidity 67%, profitability 77%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Founded in 1999
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: 23 FTE, total assets €7.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.24, cash €988,012
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €3.7m (51.6% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
2 d early
2023
on the day
2022
1 d early
2021
34 d early
2020
25 d early
2019
41 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close05-10-2026 today31-01-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Positive: Among the best 5% on net resultsector median €33,026 · 145 companies €729,729 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by HERMAN - MINNEKENS BEHEER parent View
  • Positive: 7 profitable years in a rowprofit 2025: €729,729 7 years View
  • Caution: Result fell in 2025from €1.1m to €729,729 ▼ 35.4% View

By topic

Financials

Fiscal year
2025
Total assets
€7.2m
Profit
€729,729
Solvency
51.6%
Total assets▲ 3.9%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-01-2027
  1. 31-01-2026Annual accounts filed
  2. 29-01-2025Annual accounts filed
  3. 31-01-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of electrical equipmentNACE 27900
Founded
04-10-1999
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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