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LIMMO LM

Active
Private limited company (pre-2019)founded 201610 yrs activeKBO/BCE: BE 0656.525.692
Summary

The computed 12-month bankruptcy probability of LIMMO LM is 4.4% (elevated). The 2024 annual accounts show equity of €141,951 and a net result of -€11,349. Equity is shrinking by ~5.4% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
Axes · tick = 2023
Profitability46▲+14
Solvency37=
Growth58=
Track record92
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.03 against 0.01 in 2023; short-term debt: 45.1% and cash: 0.4% of total assets), and 88.2% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Solvency, return and age of the figures
Solvency
11.8%
Return on assets
-0.9%
Age of the figures
21 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€11,349
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 8 filings
Deviation from the deadline
2025
not confirmed
2024
70 d late
2023
84 d late
2022
66 d late
2021
13 d early
2020
95 d late
2019
131 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 72 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 9 June 2016, LIMMO LM was incorporated.1 Total assets went from EUR 1.2 million in 2018 to EUR 1.2 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€141,951▼ 7.4%
2023 · €153,299
Total assets
€1.2m▼ 2.5%
2023 · €1.2m
Net result
-€11,349▲ 59.7%
2023 · -€28,144
Working capital
-€526,935▼ 2.1%
2023 · -€516,164
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€10,573€14,287▲ 35.1%€24,018▲ 68.1%-€12,455€2,822
Net result-€7,419▲ 83.1%-€2,355▲ 68.3%€8,077-€28,144-€11,349▲ 59.7%
Equity€175,722▼ 4.1%€173,367▼ 1.3%€181,443▲ 4.7%€153,299▼ 15.5%€141,951▼ 7.4%
Total assets€1.3m▼ 1.5%€1.3m▼ 2.6%€1.2m▼ 2.9%€1.2m▼ 0.9%€1.2m▼ 2.5%
Debt€1.1m▼ 1.0%€1.1m▼ 2.8%€1.1m▼ 4.1%€1.1m▲ 1.6%€1.1m▼ 1.9%
Working capital-€468,888▼ 5.3%-€468,284▲ 0.1%-€463,134▲ 1.1%-€516,164▼ 11.5%-€526,935▼ 2.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2020: €10,573€10,573Net result 2020: -€7,419-€7,419Operating result 2021: €14,287€14,287Net result 2021: -€2,355-€2,355Operating result 2022: €24,018€24,018Net result 2022: €8,077€8,077Operating result 2023: -€12,455-€12,455Net result 2023: -€28,144-€28,144Operating result 2024: €2,822€2,822Net result 2024: -€11,349-€11,34920202021202220232024-€40,000-€20,000€0€20,000Operating result 2022: €24,018€24,000Net result 2022: €8,077€8,080Operating result 2023: -€12,455-€12,500Net result 2023: -€28,144-€28,100Operating result 2024: €2,822€2,820Net result 2024: -€11,349-€11,300202220232024
The operating result returns to profit in 2024: €2,822 after a loss of €12,455 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets €1.2m ▼ 3.2%
Current assets €14,597 ▲ 112%
Equity and liabilities €1.2m
Equity €141,951 ▼ 7.4%
Debt €1.1m ▼ 1.9%
Debt's share of the balance-sheet total rises from 87.6% to 88.2%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€47,187▲
2023 · €28,377
Cash flow
€33,016▲
2023 · €12,689
Current ratio
0.03▲
2023 · 0.01
Debt to equity
7.46▲
2023 · 7.03
ROE
-8.0%▲
2023 · -18.4%
ROA
-0.9%▲
2023 · -2.3%
Interest coverage
3.45▲
2023 · 1.88
Debt ≤ 1 year
€541,532▲
2023 · €523,061
Debt > 1 year
€513,094▼
2023 · €552,303
Income taxes
€512▼
2023 · €620
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
1.0% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 1,423 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.2m€1.2m▼
Fixed assets21/28€1.2m€1.2m▼
Tangible fixed assets22/27€1.2m€1.2m▼
Land and buildings22€1.2m€1.2m▼
Plant, machinery and equipment23€15,763€13,877▼
Furniture and vehicles24€17,394€13,793▼
Current assets29/58€6,897€14,597▲
Amounts receivable within one year40/41€4,510€9,607▲
Other amounts receivable41€4,510€9,607▲
Cash at bank and in hand54/58€2,387€4,990▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m▼
Equity10/15€153,299€141,951▼
Contributions10/11€500,000€500,000=
Profit (loss) carried forward14-€346,701-€358,049▼
Amounts payable17/49€1.1m€1.1m▼
Amounts payable after more than one year17€552,303€513,094▼
Financial debts170/4€552,303€513,094▼
Amounts payable within one year42/48€523,061€541,532▲
Current portion of amounts payable after more than one year42€42,243€43,160▲
Trade debts44€25,157€4,269▼
Suppliers440/4€25,157€4,269▼
Taxes, remuneration and social security45€1,272€1,132▼
Taxes450/3€1,272€1,132▼
Other amounts payable47/48€454,389€492,971▲
Accrued charges and deferred income492/3€2,920€3,670▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40,832€44,365▲
Other operating charges640/8€6,491€4,482▼
Gross operating margin9900€34,868€51,669▲
Operating profit (loss)9901-€12,455€2,822▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€15,068€13,660▼
Recurring financial charges65€15,068€13,660▼
Profit (loss) for the period before taxes9903-€27,524-€10,837▲
Income taxes67/77€620€512▼
Profit (loss) for the period9904-€28,144-€11,349▲
Profit (loss) for the period to be appropriated9905-€28,144-€11,349▲
Appropriation of the result
Profit (loss) to be appropriated9906-€346,701-€358,049▼
Profit (loss) brought forward from the previous period14P-€318,557-€346,701▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,772€38,772€37,881€40,832€44,365▲ 8.7%
Other operating charges640/8-€7,639€421€6,491€4,482▼ 30.9%
Non-recurring operating charges66A-€626€0---
Gross operating margin9900€54,992€61,324€62,321€34,868€51,669▲ 48.2%
Operating profit (loss)9901€10,573€14,287€24,018-€12,455€2,822▲ 123%
Financial income75/76B-€293€0€0€1-
Recurring financial income75-€293€0€0€1-
Financial charges65/66B-€16,225€15,290€15,068€13,660▼ 9.3%
Recurring financial charges65€17,442€16,225€15,290€15,068€13,660▼ 9.3%
Profit (loss) for the period before taxes9903-€6,870-€1,645€8,728-€27,524-€10,837▲ 60.6%
Income taxes67/77€549€710€652€620€512▼ 17.4%
Profit (loss) for the period9904-€7,419-€2,355€8,077-€28,144-€11,349▲ 59.7%
Profit (loss) for the period to be appropriated9905-€7,419-€2,355€8,077-€28,144-€11,349▲ 59.7%
Line20202021202220232024Change
Assets
Total assets20/58€1.3m€1.3m€1.2m€1.2m€1.2m▼ 2.5%
Fixed assets21/28€1.3m€1.3m€1.2m€1.2m€1.2m▼ 3.2%
Tangible fixed assets22/27€1.3m€1.3m€1.2m€1.2m€1.2m▼ 3.2%
Land and buildings22-€1.3m€1.2m€1.2m€1.2m▼ 2.8%
Plant, machinery and equipment23-€13,515€12,134€15,763€13,877▼ 12.0%
Furniture and vehicles24-€0-€17,394€13,793▼ 20.7%
Current assets29/58€3,800€7,813€5,471€6,897€14,597▲ 112%
Amounts receivable within one year40/41---€4,510€9,607▲ 113%
Other amounts receivable41---€4,510€9,607▲ 113%
Cash at bank and in hand54/58€3,800€7,813€5,471€2,387€4,990▲ 109%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.3m€1.2m€1.2m€1.2m▼ 2.5%
Equity10/15€175,722€173,367€181,443€153,299€141,951▼ 7.4%
Contributions10/11-€500,000€500,000€500,000€500,000=
Profit (loss) carried forward14-€324,278-€326,633-€318,557-€346,701-€358,049▼ 3.3%
Amounts payable17/49€1.1m€1.1m€1.1m€1.1m€1.1m▼ 1.9%
Amounts payable after more than one year17€664,991€628,233€590,677€552,303€513,094▼ 7.1%
Financial debts170/4-€628,233€590,677€552,303€513,094▼ 7.1%
Amounts payable within one year42/48€472,689€476,097€468,605€523,061€541,532▲ 3.5%
Current portion of amounts payable after more than one year42-€40,466€41,345€42,243€43,160▲ 2.2%
Trade debts44€9,399€7,137€689€25,157€4,269▼ 83.0%
Suppliers440/4-€7,137€689€25,157€4,269▼ 83.0%
Taxes, remuneration and social security45-€1,259€1,362€1,272€1,132▼ 11.0%
Taxes450/3-€1,259€1,362€1,272€1,132▼ 11.0%
Other amounts payable47/48-€427,235€425,209€454,389€492,971▲ 8.5%
Accrued charges and deferred income492/3-€2,260€1,960€2,920€3,670▲ 25.7%
Line20202021202220232024Change
Profit (loss) for the period9904-€7,419-€2,355€8,077-€28,144-€11,349▲ 59.7%
+ Depreciation and write-downs630€39,772€38,772€37,881€40,832€44,365▲ 8.7%
Operating cash flow (approximation)€32,353€36,416€45,958€12,689€33,016▲ 160%
Investment in fixed assets (approximation)-€0-€2,950-€28,305-€5,328▲ 81.2%
Change in cash-€4,013-€2,342-€3,084€2,602▲ 184%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
15-06
KBO administration Address struck
event 23-02-2026
2025
09-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
23-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
05-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial Back to profitnet €8,077
Net result €8,077 after 4 loss-making years.
18-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
03-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 95 days late
2020
09-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
2019
09-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
10-05
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 283 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Koksijde
exact location from the address register On OpenStreetMap
Ground area
638 m²
Building footprint
202 m²
Volume, LiDAR
1,506 m³
Parcel 38342H0149/00E000, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38342H0149/00E000 Flanders 638 m² 1 · 202 m² 11.7 m · 3 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.

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded09-06-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0656525692
Registered 18-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.