LIM SERVICES · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of LIM SERVICES is 2.2% (moderate). The 2023 annual accounts show equity of €25k and a net result of €6k. Equity is growing by ~45% per year across the filed fiscal years. Its solvency ranks better than 94% of 1841 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 94% of 1841 peers (2023). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2022 and 2023).

View the result trend

Growing equity

Equity grew over 2021-2023. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 380 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-08-2024, 19 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.

How we compute the deadline

The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	19-08-2024	19 d late	2024-00372907
31-12-2022	31-07-2023	01-08-2023	1 d late	2023-00317667
31-12-2021	31-07-2022	16-08-2022	16 d late	2022-20298005
31-12-2020	31-07-2021	13-08-2021	13 d late	2021-48700586
31-12-2019	31-07-2020	29-10-2020	90 d late	2020-68400412
31-12-2018	31-07-2019	31-08-2019	31 d late	2019-63600414

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2017, past the statistically most fragile first 3 years.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.2% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€1k

EBIT margin-1178.7%

Net result€6k-44.8%

Working capital€24k+32.9%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 19-08-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~45%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

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 2023 · NACE 49, Land transport · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	87.4%	28.5%	better than 94% of 1841 sector peers
Net result	€6k	€4k	better than 55% of 1819 sector peers
Equity	€25k	€16k	better than 62% of 1852 sector peers
Gross operating margin	€6k	€25k	better than 26% of 1807 sector peers
Staff costs	€100	€36k	higher than 5% of 815 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P94

Improving position over 2020-2023 · n=501-1841

Net result P55

Improving position over 2020-2023 · n=498-1819

Equity P62

Improving position over 2020-2023 · n=501-1852

Gross operating margin P26

Weakening position over 2020-2023 · n=496-1807

Describes the position versus peers, not a forecast.

Revenue

€1k

- 18-23

EBITDA

€11k

+91.5% 18-23

Net profit

€6k

-44.8% 18-23

Cash flow

€11k

- 18-23

Total assets

€29k

+25.9% 18-23

Equity

€25k

+29.7% 18-23

Working capital

€24k

+32.9% 18-23

Staff costs

€100

- 18-23

Income taxes

€752

- 18-23

Debt

€4k

+4.8% 18-23

Debt ≤ 1y

€4k

+4.8% 18-23

Current ratio

7.40

+22.3% 18-23

Quick ratio

7.40

+22.3% 18-23

Solvency

87.4%

+3.0% 18-23

Debt / equity

0.14

-19.2% 18-23

ROE

22.9%

-57.5% 18-23

ROA

20.0%

-56.2% 18-23

Net margin

-1178.6%

- 18-23

EBITDA margin

-653.6%

- 18-23

Interest coverage

71.65

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€6k
Cash flow	-
Staff costs	€100
Income taxes	-
Dividends	-
Total assets	€29k
Equity	€25k
Debt	€4k
of which ≤ 1y	€4k
of which > 1y	-
Working capital	€24k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	7.40
Quick ratio	7.40
Working capital ratio	80.8%
Solvency	87.4%
Debt / equity	0.14
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	20.0%
ROE	22.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €2k · 6.5% Current assets €27k · 93.5%

Equity & liabilities

Equity €25k · 87.4% Debt €4k · 12.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€29k
Fixed assets	21/28	€2k
Financial fixed assets	28	€2k
Current assets	29/58	€27k
Amounts receivable within one year	40/41	€7k
Cash & bank	54/58	€20k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€29k
Equity	10/15	€25k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€7k
Amounts payable	17/49	€4k
Amounts payable within one year	42/48	€4k
Trade debts payable within one year	44	€296
Income statement
Gross operating margin	9900	€6k
Operating result	9901	€6k
Financial charges	65	€223
Result before taxes	9903	€6k
Net result for the period	9904	€6k
Result to be appropriated	9905	€6k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

85 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Rogierstraat 207, 1030 Schaarbeek

Verhuur van personenauto's met chauffeur

since 20172.269.446.939

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area431 m²

Buildings2

Building footprint144 m²

Volume (LiDAR)834 m³

Tallest building16.0 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56033A0084/00M032	Wallonia	246 m²	1 · 59 m²	-
21908E0239/00F018	Brussels	185 m²	1 · 85 m²	16.0 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.