LM ADVISORY
ActiveSummary
LM ADVISORY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €277k and a net result of €-90k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-79
Solvency83▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.05 against 2.01 in 2023; short-term debt: 41.8% and cash: 8.5% of total assets), and 41.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
58.2%
Return on assets
-18.9%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
440 d late
2022
198 d late
2021
150 d late
2020
122 d late
2019
132 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€277k▼ 24.5%
2023 · €366k
2018: €50k
2019: €53k
2020: €207k
2021: €258k
2022: €315k
2023: €366k
2018 → 2024
Total assets
€475k▼ 25.7%
2023 · €639k
2018: €98k
2019: €115k
2020: €360k
2021: €435k
2022: €573k
2023: €639k
2018 → 2024
Net result
€-90k
2023 · €51k
2018: €37k
2019: €3k
2020: €155k
2021: €51k
2022: €68k
2023: €51k
2018 → 2024
Working capital
€209k▼ 24.5%
2023 · €277k
2018: €21k
2019: €28k
2020: €141k
2021: €199k
2022: €244k
2023: €277k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€207k-€258k▲ 24.7%€315k▲ 22.1%€366k▲ 16.2%€277k▼ 24.5%
Operating result€207k-€87k▼ 57.9%€112k▲ 28.6%€93k▼ 16.9%€-91k
Net result€155k-€51k▼ 66.9%€68k▲ 33.0%€51k▼ 25.1%€-90k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €91k after €93k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €475k
Fixed assets
€68k ▼ 24.4%
Current assets
€407k ▼ 25.9%
Equity and liabilities €475k
Equity
€277k ▼ 24.5%
Debt
€198k ▼ 27.3%
The debt ratio falls from 42.7% to 41.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-69k▼
2023 · €112k
Cash flow
€-68k▼
2023 · €70k
Current ratio
2.05▲
2023 · 2.01
Debt / equity
0.72▼
2023 · 0.75
ROE
-32.4%▼
2023 · 13.9%
ROA
-18.9%▼
2023 · 8.0%
Interest coverage
-106.93▼
2023 · 293.77
Debt ≤ 1 year
€198k▼
2023 · €273k
Income taxes
€0▼
2023 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€639k€475k▼
Fixed assets21/28€90k€68k▼
Tangible fixed assets22/27€90k€68k▼
Furniture and vehicles24€48k€30k▼
Other tangible fixed assets26€42k€38k▼
Current assets29/58€550k€407k▼
Amounts receivable after more than one year29€44k€44k▲
Other amounts receivable291€44k€44k▲
Amounts receivable within one year40/41€209k€321k▲
Trade receivables40€0€30k▲
Other amounts receivable41€209k€290k▲
Cash at bank and in hand54/58€295k€40k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€639k€475k▼
Equity10/15€366k€277k▼
Contributions10/11€12k€12k=
Reserves13€354k€264k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€352k€262k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€273k€198k▼
Amounts payable within one year42/48€273k€198k▼
Trade debts44€116k€112k▼
Suppliers440/4€116k€112k▼
Taxes, remuneration and social security45€157k€86k▼
Taxes450/3€157k€86k▼
Other amounts payable47/48€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€22k▲
Other operating charges640/8€384€1k▲
Gross operating margin9900€113k€-68k▼
Operating profit (loss)9901€93k€-91k▼
Financial income75/76B€9k€2k▼
Recurring financial income75€9k€2k▼
Financial charges65/66B€383€650▲
Recurring financial charges65€383€650▲
Profit (loss) for the period before taxes9903€101k€-90k▼
Income taxes67/77€50k€0▼
Profit (loss) for the period9904€51k€-90k▼
Profit (loss) for the period to be appropriated9905€51k€-90k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€-90k▼
Transfer from equity791/2-€90k
Transfer to equity691/2€51k€0▼
To other reserves6921€51k€0▼
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 440 days late
2024
31-12
Financial
Weakest financial yearnet €-90k ▼276%
Net result drops to €-90k, the lowest in the series.
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 198 days late
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 150 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Highest result since 2018net €155k ▲5297%
Operating result €207k, net result €155k, both a record.
31-12
Financial
Equity above €200kEq €207k ▲294%
3 profitable years in a row build equity to €207k.
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Elsene · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Franz Merjaystraat 1901050 ElseneGround area
7,994 m²
Building footprint
1,175 m²
Volume, LiDAR
33,438 m³
2 parcels, Brussels · tallest building 37.2 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
LM ADVISORY
since 20182.275.071.652
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0041/00D002 | Brussels | 7,508 m² | 1 · 1,001 m² | 37.2 m · 11 fl. |
| 21447B0310/00V042 | Brussels | 486 m² | 1 · 174 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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COCHABAMBA
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ZENITH CONSULTING SRL
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DTB
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 38,535 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-03-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 24-09-2026. Scores and ratios are computed by Checked and are not a credit decision.