LM-CAD · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of LM-CAD is 1.1% (low). The 2024 annual accounts show equity of €7k and a net result of €-7k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 32% of 1480 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.1% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

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

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 4 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 31-12-2024, that is 31-07-2025.

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	14-07-2025	17 d early	2025-00270360
31-12-2023	31-07-2024	22-07-2024	9 d early	2024-00271038
31-12-2022	31-07-2023	31-07-2023	on the day	2023-00295279
31-12-2021	31-07-2022	17-08-2022	17 d late	2022-20303615

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 2020, 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.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-7k

Working capital€-466

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 14-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

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

stable Equity: stable across 4 fiscal years (±1.3%/year).

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 2024 · NACE 74 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	28.3%	50.1%	better than 32% of 1480 sector peers
Net result	€-7k	€12k	better than 14% of 1482 sector peers
Equity	€7k	€32k	better than 23% of 1482 sector peers
Gross operating margin	€-1k	€28k	better than 12% of 1480 sector peers
Total assets	€26k	€74k	better than 17% of 1480 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 P32

Weakening position over 2021-2024 · n=371-1480

Net result P14

Weakening position over 2021-2024 · n=371-1482

Equity P23

Stable position over 2021-2024 · n=371-1482

Gross operating margin P12

Weakening position over 2021-2024 · n=372-1480

Describes the position versus peers, not a forecast.

EBITDA

€-4k

- 21-24

Net profit

€-7k

- 21-24

Cash flow

€-5k

- 21-24

Total assets

€26k

-12.6% 21-24

Equity

€7k

-47.3% 21-24

Working capital

€-466

- 21-24

Income taxes

€758

-32.4% 21-24

Debt

€19k

+18.1% 21-24

Debt ≤ 1y

€19k

+18.1% 21-24

Current ratio

0.98

-44.7% 21-24

Quick ratio

0.98

-44.7% 21-24

Solvency

28.3%

-39.7% 21-24

Debt / equity

2.54

+124.2% 21-24

ROE

-89.8%

- 21-24

ROA

-25.4%

- 21-24

Interest coverage

-17.01

- 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€-4k
Net profit	€-7k
Cash flow	€-5k
Staff costs	-
Income taxes	€758
Dividends	-
Total assets	€26k
Equity	€7k
Debt	€19k
of which ≤ 1y	€19k
of which > 1y	-
Working capital	€-466
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.98
Quick ratio	0.98
Working capital ratio	-1.8%
Solvency	28.3%
Debt / equity	2.54
Long-term debt ratio	-
Interest coverage	-17.01
Gross margin	-
Net margin	-
ROA	-25.4%
ROE	-89.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €8k · 30.1% Current assets €18k · 69.9%

Equity & liabilities

Equity €7k · 28.3% Debt €19k · 71.7%

Full annual accounts

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

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€26k
Fixed assets	21/28	€8k
Tangible fixed assets	22/27	€8k
Current assets	29/58	€18k
Amounts receivable within one year	40/41	€15k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€26k
Equity	10/15	€7k
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€4k
Amounts payable	17/49	€19k
Amounts payable within one year	42/48	€19k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€-1k
Operating result	9901	€-6k
Financial charges	65	€258
Result before taxes	9903	€-6k
Income taxes	67/77	€758
Net result for the period	9904	€-7k
Result to be appropriated	9905	€-7k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

17 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Connections & network

1 connected company

Group structure

OPTEC

We sit on their board · 1 location

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

LM-CADBE 0758.360.054

controls

Where this company holds controlthis company sits on their board1

OPTEC

1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank

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.

Rue Beauregard(AW) 127910 Frasnes-lez-Anvaing

Establishment units

1 location

LM-CAD

Rue Beauregard(AW) 12, 7910 Frasnes-lez-AnvaingOverige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

since 20202.310.524.558

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

Parcels1

Ground area3,617 m²

Buildings1

Building footprint251 m²

Volume (LiDAR)1,483 m³

Tallest building8.5 m · ±2 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 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
51003A0213/00C000	Wallonia	3,617 m²	1 · 251 m²	8.4 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 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.

Analysis

Snowflake analysis

financial profile on 5 axes

37 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 17

Profitability 0

Solvency 44

Growth 32

Stability 94

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers

Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Similar

Similar companies

Comparable size, same sector

PreWeConsult

BE 0790.567.222 · Houthulst

Eq €8k→

La Renothèque

BE 0777.863.586 · Chaumont-Gistoux

Eq €7k→

Expertises Travaux Industries

BE 0802.273.538 · Seraing

Eq €8k→

Hydro Advice

BE 0762.517.889 · Brussel

Eq €8k→

ARPEMINI

BE 0801.242.368 · Nijlen

Eq €7k→

We hold annual accounts for 724 of the 4,554 companies in this sector. 414 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999

Primary activity highlighted.

Names & trade names

Legal nameFR

LM-CAD

Registered office

Rue Beauregard(AW) 12

7910 Frasnes-lez-Anvaing, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.