LIMACO
ActiveSummary
LIMACO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €282,662 and a net result of €547,953. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 2294 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency96▲+86
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 3.12 against 13.67 in 2023; short-term debt: 29.4% and cash: 6.9% of total assets), and 29.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
70.6%
Return on assets
136.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
28 d early
2023
40 d early
2022
33 d early
2021
16 d early
2020
20 d late
2019
89 d late
← 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 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€282,662
2023 · -€265,291
Total assets
€400,346▼ 78.0%
2023 · €1.8m
Net result
€547,953
2023 · -€601,462
Working capital
€249,285▼ 85.1%
2023 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20202021202220232024
Operating result€875,503-€285,142€531,917-€595,222€626,896
Net result€866,131above the sector's middle half-€292,443below the sector's middle half€478,436above the sector's middle half-€601,462below the sector's middle half€547,953above the sector's middle half
Equity€150,179within the sector's middle half-€142,264below the sector's middle half€336,171within the sector's middle half-€265,291below the sector's middle half€282,662within the sector's middle half
Total assets€301,694within the sector's middle half▼ 80.3%€2.2mwithin the sector's middle half▲ 635%€473,476within the sector's middle half▼ 78.7%€1.8mwithin the sector's middle half▲ 284%€400,346within the sector's middle half▼ 78.0%
Debt€151,515▼ 93.3%€2.4m▲ 1,458%€137,304▼ 94.2%€2.1m▲ 1,419%€117,684▼ 94.4%
Working capital€141,010within the sector's middle half▼ 89.3%€1.9mabove the sector's middle half▲ 1,233%€327,780within the sector's middle half▼ 82.6%€1.7mabove the sector's middle half▲ 411%€249,285within the sector's middle half▼ 85.1%
Solvency49.8%within the sector's middle half▲ 96.6pp-6.4%below the sector's middle half▼ 56.2pp71.0%above the sector's middle half▲ 77.4pp-14.6%below the sector's middle half▼ 85.6pp70.6%within the sector's middle half▲ 85.2pp
Current ratio1.93within the sector's middle half▼ 5.656.65above the sector's middle half▲ 4.723.39above the sector's middle half▼ 3.2613.67above the sector's middle half▲ 10.283.12within the sector's middle half▼ 10.55
Return on assets (ROA)287.1%above the sector's middle half▲ 337.4pp-13.2%below the sector's middle half▼ 300.3pp101.0%above the sector's middle half▲ 114.2pp-33.1%below the sector's middle half▼ 134.1pp136.9%above the sector's middle half▲ 169.9pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €626,896 after a loss of €595,222 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €400,346
Fixed assets
€33,377 ▲ 196%
Current assets
€366,968 ▼ 79.7%
Equity and liabilities €400,346
Equity
€282,662
Debt
€117,684
Debt finances 29.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€629,248▲
2023 · -€592,870
Cash flow
€550,305▲
2023 · -€599,110
Debt to equity
0.42▲
2023 · -7.86
ROE
193.9%
Interest coverage
116.09▲
2023 · -87.49
Debt ≤ 1 year
€117,684▼
2023 · €132,277
Income taxes
€81,052▲
2023 · €576
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,370 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,887 | €2,623 | €1,551 | €2,352 | €2,352 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €47,801 | -€4,538 | - | - |
| Other operating charges640/8 | - | €2,374 | €3,251 | €1,912 | €528 | ▼ 72.4% |
| Gross operating margin9900 | €882,404 | -€280,145 | €584,520 | -€595,496 | €629,776 | ▲ 206% |
| Operating profit (loss)9901 | €875,503 | -€285,142 | €531,917 | -€595,222 | €626,896 | ▲ 205% |
| Financial income75/76B | - | €1 | €545 | €1,112 | €7,530 | ▲ 577% |
| Recurring financial income75 | €60 | €1 | €545 | €1,112 | €7,530 | ▲ 577% |
| Financial charges65/66B | - | €6,439 | €7,086 | €6,776 | €5,420 | ▼ 20.0% |
| Recurring financial charges65 | €8,606 | €6,439 | €7,086 | €6,776 | €5,420 | ▼ 20.0% |
| Profit (loss) for the period before taxes9903 | €866,957 | -€291,580 | €525,376 | -€600,887 | €629,005 | ▲ 205% |
| Income taxes67/77 | €826 | €864 | €46,940 | €576 | €81,052 | ▲ 13,975% |
| Profit (loss) for the period9904 | €866,131 | -€292,443 | €478,436 | -€601,462 | €547,953 | ▲ 191% |
| Profit (loss) for the period to be appropriated9905 | €866,131 | -€292,443 | €478,436 | -€601,462 | €547,953 | ▲ 191% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €301,694 | €2.2m | €473,476 | €1.8m | €400,346 | ▼ 78.0% |
| Fixed assets21/28 | €9,169 | €6,546 | €8,392 | €11,289 | €33,377 | ▲ 196% |
| Intangible fixed assets21 | - | - | - | - | €24,690 | - |
| Tangible fixed assets22/27 | €9,169 | €6,546 | €8,392 | €11,039 | €8,687 | ▼ 21.3% |
| Plant, machinery and equipment23 | - | - | - | €4,417 | €3,833 | ▼ 13.2% |
| Furniture and vehicles24 | - | €6,546 | €8,392 | €6,623 | €4,854 | ▼ 26.7% |
| Financial fixed assets28 | - | - | - | €250 | - | - |
| Current assets29/58 | €292,525 | €2.2m | €465,084 | €1.8m | €366,968 | ▼ 79.7% |
| Amounts receivable within one year40/41 | €58,824 | €426,042 | €130,453 | €160,787 | €30,967 | ▼ 80.7% |
| Trade receivables40 | - | €408,206 | €613 | €55,972 | €188 | ▼ 99.7% |
| Other amounts receivable41 | - | €17,836 | €129,841 | €104,815 | €30,780 | ▼ 70.6% |
| Current investments50/53 | €388 | €1.0m | €320,001 | €1.2m | €300,494 | ▼ 73.9% |
| Cash at bank and in hand54/58 | €225,969 | €411,350 | €5,936 | €79,293 | €27,770 | ▼ 65.0% |
| Deferred charges and accrued income490/1 | - | €374,897 | €8,693 | €418,008 | €7,736 | ▼ 98.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €301,694 | €2.2m | €473,476 | €1.8m | €400,346 | ▼ 78.0% |
| Equity10/15 | €150,179 | -€142,264 | €336,171 | -€265,291 | €282,662 | ▲ 207% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €7,088 | €7,088 | €7,088 | €7,088 | €7,088 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €888 | €888 | €888 | €888 | = |
| Profit (loss) carried forward14 | €81,091 | -€211,352 | €267,084 | -€334,379 | €213,574 | ▲ 164% |
| Amounts payable17/49 | €151,515 | €2.4m | €137,304 | €2.1m | €117,684 | ▼ 94.4% |
| Amounts payable within one year42/48 | €151,515 | €332,888 | €137,304 | €132,277 | €117,684 | ▼ 11.0% |
| Trade debts44 | €7,745 | €25,423 | €2,993 | €44,761 | €27,605 | ▼ 38.3% |
| Suppliers440/4 | - | €25,423 | €2,993 | €44,761 | €27,605 | ▼ 38.3% |
| Taxes, remuneration and social security45 | - | €171,815 | €1,795 | €2,757 | €1,461 | ▼ 47.0% |
| Taxes450/3 | - | €171,815 | €1,795 | €2,757 | €1,461 | ▼ 47.0% |
| Other amounts payable47/48 | - | €135,650 | €132,517 | €84,758 | €88,617 | ▲ 4.6% |
| Accrued charges and deferred income492/3 | - | €2.0m | - | €2.0m | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €866,131 | -€292,443 | €478,436 | -€601,462 | €547,953 | ▲ 191% |
| + Depreciation and write-downs630 | €4,887 | €2,623 | €1,551 | €2,352 | €2,352 | = |
| Operating cash flow (approximation) | €871,018 | -€289,821 | €479,986 | -€599,110 | €550,305 | ▲ 192% |
| Investment in fixed assets (approximation) | - | €0 | -€3,396 | -€5,250 | -€24,440 | ▼ 366% |
| Change in cash | - | €185,381 | -€405,414 | €73,357 | -€51,523 | ▼ 170% |
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
Next filing, fiscal year 2026, expected by
2026
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €547,953
Net result €547,953 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €282,662
Equity rises from -€265,291 to €282,662.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 13.67
Current ratio from 3.39 to 13.67; short-term debt falls from €137,304 to €132,277.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €478,436
Net result €478,436 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €336,171
Equity rises from -€142,264 to €336,171.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 6.65
Current ratio from 1.93 to 6.65.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
Show earlier events
2020
31-12
Financial
Back to profitnet €866,131
Net result €866,131 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €150,179
Equity rises from -€715,952 to €150,179.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet -€769,995
Net result drops to -€769,995, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 7.58
Current ratio from 1.43 to 7.58.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 1989
Ground area
711 m²
Building footprint
241 m²
Volume, LiDAR
1,233 m³
Parcel 44809I0475/00P000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LIMACO
since 19892.046.078.804
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0475/00P000 | Flanders | 711 m² | 1 · 241 m² | 9.0 m · 2 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.
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Of 4,578 companies in sector 82300 we hold annual accounts for 1,673. 1,159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-11-1989
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438922624
Also
9925:BE0438922624
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.