LIMAFIN
ActiveSummary
LIMAFIN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €431,203 and a net result of €17,427. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 18.39 against 23.72 in 2024; short-term debt: 5.4% and cash: 82.2% of total assets), and 5.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.6%
Return on assets
3.8%
Age of the figures
9 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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
59 d early
2023
55 d early
2022
51 d late
2021
64 d early
2020
51 d early
2019
59 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 41 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Kapellen, Telecoms and IT sector
Equity
€431,203▲ 4.2%
2024 · €413,775
Total assets
€455,637▲ 5.5%
2024 · €431,881
Net result
€17,427▼ 75.8%
2024 · €71,919
Working capital
€424,824▲ 3.3%
2024 · €411,412
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€143,870▲ 12.4%€140,724▼ 2.2%€116,785▼ 17.0%€100,421▼ 14.0%€25,525▼ 74.6%
Net result€97,764▲ 10.8%€95,194▼ 2.6%€82,693▼ 13.1%€71,919▼ 13.0%€17,427▼ 75.8%
Equity€206,765▲ 86.9%€301,959▲ 46.0%€341,857▲ 13.2%€413,775▲ 21.0%€431,203▲ 4.2%
Total assets€247,195▲ 67.9%€324,179▲ 31.1%€361,957▲ 11.7%€431,881▲ 19.3%€455,637▲ 5.5%
Debt€40,430▲ 10.5%€22,220▼ 45.0%€20,101▼ 9.5%€18,106▼ 9.9%€24,434▲ 35.0%
Working capital€205,133▲ 88.0%€296,109▲ 44.3%€337,792▲ 14.1%€411,412▲ 21.8%€424,824▲ 3.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €455,637
Fixed assets
€6,378 ▲ 170%
Current assets
€449,258 ▲ 4.6%
Equity and liabilities €455,637
Equity
€431,203 ▲ 4.2%
Debt
€24,434 ▲ 35.0%
Debt's share of the balance-sheet total rises from 4.2% to 5.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,220▼
2024 · €102,122
Cash flow
€19,122▼
2024 · €73,620
Current ratio
18.39▼
2024 · 23.72
Quick ratio
17.68▼
2024 · 22.76
Debt to equity
0.06▲
2024 · 0.04
ROE
4.0%▼
2024 · 17.4%
ROA
3.8%▼
2024 · 16.7%
Interest coverage
207.50▼
2024 · 819.80
Debt ≤ 1 year
€24,434▲
2024 · €18,106
Income taxes
€7,967▼
2024 · €28,378
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 14,684 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €807 | €1,193 | €1,785 | €1,701 | €1,695 | ▼ 0.3% |
| Other operating charges640/8 | €449 | €102 | €109 | €1,028 | €1,054 | ▲ 2.5% |
| Non-recurring operating charges66A | - | - | - | - | €1,884 | - |
| Gross operating margin9900 | €145,126 | €142,018 | €118,680 | €103,151 | €30,158 | ▼ 70.8% |
| Operating profit (loss)9901 | €143,870 | €140,724 | €116,785 | €100,421 | €25,525 | ▼ 74.6% |
| Financial income75/76B | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | €0 | - | - |
| Financial charges65/66B | €78 | €92 | €184 | €125 | €131 | ▲ 5.3% |
| Recurring financial charges65 | €78 | €92 | €184 | €125 | €131 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €143,792 | €140,632 | €116,602 | €100,297 | €25,394 | ▼ 74.7% |
| Income taxes67/77 | €46,028 | €45,438 | €33,909 | €28,378 | €7,967 | ▼ 71.9% |
| Profit (loss) for the period9904 | €97,764 | €95,194 | €82,693 | €71,919 | €17,427 | ▼ 75.8% |
| Profit (loss) for the period to be appropriated9905 | €97,764 | €95,194 | €82,693 | €71,919 | €17,427 | ▼ 75.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €247,195 | €324,179 | €361,957 | €431,881 | €455,637 | ▲ 5.5% |
| Fixed assets21/28 | €1,632 | €5,850 | €4,064 | €2,364 | €6,378 | ▲ 170% |
| Tangible fixed assets22/27 | €1,582 | €5,800 | €4,015 | €2,314 | €6,329 | ▲ 174% |
| Plant, machinery and equipment23 | - | €443 | €121 | - | - | - |
| Furniture and vehicles24 | €1,582 | €5,357 | €3,894 | €2,314 | €6,329 | ▲ 174% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €245,563 | €318,330 | €357,893 | €429,518 | €449,258 | ▲ 4.6% |
| Stocks and contracts in progress3 | €17,346 | €17,346 | €17,346 | €17,346 | €17,346 | = |
| Stocks30/36 | €17,346 | €17,346 | €17,346 | €17,346 | €17,346 | = |
| Amounts receivable within one year40/41 | €63,842 | €41,277 | €22,175 | €30,453 | €56,652 | ▲ 86.0% |
| Trade receivables40 | €22,705 | €41,277 | €21,084 | €19,362 | €34,618 | ▲ 78.8% |
| Other amounts receivable41 | €41,137 | - | €1,091 | €11,091 | €22,033 | ▲ 98.7% |
| Cash at bank and in hand54/58 | €163,314 | €258,604 | €317,455 | €381,509 | €374,557 | ▼ 1.8% |
| Deferred charges and accrued income490/1 | €1,061 | €1,102 | €917 | €210 | €703 | ▲ 235% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €247,195 | €324,179 | €361,957 | €431,881 | €455,637 | ▲ 5.5% |
| Equity10/15 | €206,765 | €301,959 | €341,857 | €413,775 | €431,203 | ▲ 4.2% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €200,568 | €295,762 | €335,659 | €407,578 | €425,005 | ▲ 4.3% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €198,709 | €293,902 | €333,800 | €405,719 | €423,146 | ▲ 4.3% |
| Amounts payable17/49 | €40,430 | €22,220 | €20,101 | €18,106 | €24,434 | ▲ 35.0% |
| Amounts payable within one year42/48 | €40,430 | €22,220 | €20,101 | €18,106 | €24,434 | ▲ 35.0% |
| Trade debts44 | €3,246 | €1,065 | €3,300 | €2,552 | €3,023 | ▲ 18.5% |
| Suppliers440/4 | €3,246 | €1,065 | €3,300 | €2,552 | €3,023 | ▲ 18.5% |
| Taxes, remuneration and social security45 | €28,957 | €12,577 | €7,620 | €10,573 | €12,918 | ▲ 22.2% |
| Taxes450/3 | €28,847 | €10,428 | €4,797 | €7,706 | €10,035 | ▲ 30.2% |
| Remuneration and social security454/9 | €110 | €2,150 | €2,823 | €2,867 | €2,883 | ▲ 0.6% |
| Other amounts payable47/48 | €8,227 | €8,578 | €9,180 | €4,981 | €8,493 | ▲ 70.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,764 | €95,194 | €82,693 | €71,919 | €17,427 | ▼ 75.8% |
| + Depreciation and write-downs630 | €807 | €1,193 | €1,785 | €1,701 | €1,695 | ▼ 0.3% |
| Operating cash flow (approximation) | €98,571 | €96,386 | €84,478 | €73,620 | €19,122 | ▼ 74.0% |
| Investment in fixed assets (approximation) | - | -€5,410 | €0 | €0 | -€5,710 | - |
| Change in cash | - | €95,290 | €58,851 | €64,054 | -€6,952 | ▼ 111% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 14.33
Current ratio from 6.07 to 14.33; short-term debt falls from €40,430 to €22,220.
28-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €97,764 ▲10.8%
Operating result €143,870, net result €97,764, both a record.
31-12
Financial
Equity above €200,000Eq €206,765 ▲86.9%
4 profitable years in a row build equity to €206,765.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €110,601 ▲362%
3 profitable years in a row build equity to €110,601.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €1,714 ▼86.5%
Net result drops to €1,714, the lowest in the series; recovery starts the following year.
Show earlier events
01-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kapellen · 1 establishment unit since 1996
Ground area
1,219 m²
Building footprint
203 m²
Volume, LiDAR
907 m³
Parcel 11023A0212/00T003, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Paasbloemlaan 12, 2950 Kapellen
since 19962.077.030.118
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023A0212/00T003 | Flanders | 1,219 m² | 1 · 203 m² | 7.0 m · 1 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 16,910 companies in sector 62100 we hold annual accounts for 8,778. 5,701 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
Founded05-06-1996
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458126545
Also
9925:BE0458126545
Registered
21-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.