LM CORPORATION
ActiveThe computed 12-month bankruptcy probability of LM CORPORATION is 5.3% (elevated). The 2024 annual accounts show equity of €32k and a net result of €3k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 6717 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability48▼-19
Solvency78▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.13 against 2.19 in 2023; short-term debt: 46.5% and cash: 18.1% of total assets), and 46.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
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
53.5%
Return on assets
4.4%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
153 d late
2022
32 d late
2021
31 d late
2020
61 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 59.1%
2023 · €6k
2019: €532
2020: €-5k
2021: €14k
2022: €2k
2023: €6k
2019 → 2024
Working capital
€31k▲ 8.6%
2023 · €29k
2019: €14k
2020: €11k
2021: €25k
2022: €26k
2023: €29k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7k-€21k▲ 202%€23k▲ 9.2%€29k▲ 27.6%€32k▲ 8.9%
Operating result€-5k-€14k€2k▼ 83.3%€8k▲ 246%€4k▼ 52.7%
Net result€-5k-€14k€2k▼ 86.3%€6k▲ 229%€3k▼ 59.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€605=
Current assets
€59k▲ 11.2%
Equity and liabilities €60k
Equity
€32k▲ 8.9%
Debt
€28k▲ 13.8%
The debt ratio rises from 45.5% to 46.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▼
2023 · €11k
Cash flow
€3k▼
2023 · €9k
Solvency
53.5%▼
2023 · 54.5%
Current ratio
2.13▼
2023 · 2.19
Quick ratio
2.13▼
2023 · 2.19
Debt / equity
0.87▲
2023 · 0.83
ROE
8.1%▼
2023 · 21.7%
ROA
4.4%▼
2023 · 11.8%
Debt
€28k▲
2023 · €24k
Debt ≤ 1 year
€28k▲
2023 · €24k
Debt > 1 year
€0▼
2023 · €119
Income taxes
€2k▼
2023 · €2k
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
Balance sheet
Code20232024
Assets
Total assets20/58€54k€60k▲
Fixed assets21/28€605€605=
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Financial fixed assets28€605€605=
Current assets29/58€53k€59k▲
Amounts receivable within one year40/41€40k€45k▲
Trade receivables40€26k€24k▼
Other amounts receivable41€14k€20k▲
Cash at bank and in hand54/58€10k€11k▲
Deferred charges and accrued income490/1€4k€4k=
Equity and liabilities
Total equity and liabilities10/49€54k€60k▲
Equity10/15€29k€32k▲
Contributions10/11€11k€11k=
Capital10€11k€11k=
Issued capital100€19k€19k=
Uncalled capital101€7k€7k=
Reserves13€532€532=
Non-distributable reserves130/1€532€532=
Legal reserve130€532€532=
Profit (loss) carried forward14€17k€20k▲
Amounts payable17/49€24k€28k▲
Amounts payable after more than one year17€119€0▼
Financial debts170/4€119€0▼
Amounts payable within one year42/48€24k€28k▲
Trade debts44€21k€23k▲
Suppliers440/4€21k€23k▲
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€826€826=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€0▼
Other operating charges640/8€658€236▼
Non-recurring operating charges66A€2k€3k▲
Gross operating margin9900€13k€7k▼
Operating profit (loss)9901€8k€4k▼
Financial income75/76B-€120
Recurring financial income75-€120
Profit (loss) for the period before taxes9903€8k€4k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€6k€3k▼
Profit (loss) for the period to be appropriated9905€6k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€20k▲
Profit (loss) brought forward from the previous period14P€11k€17k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.63
Current ratio from 1.68 to 5.63; short-term debt falls from €17k to €5k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-5k ▼1013%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 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 2019
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.
Louizalaan 3671050 ElseneGround area
266 m²
Building footprint
265 m²
Volume, LiDAR
3,746 m³
Parcel 21807G0211/00W012, Brussels · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 367, 1050 Elsene
since 20192.286.508.447
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FARAG GROEP
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MOVE SERVICES
BE 0725.439.244
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TAXI A NAMUR
BE 0644.635.967
Namur · Eq €32k
ANTONINO BRUNO
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A.N.H.
BE 0444.706.495
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Of 6,686 companies in sector 49330 we hold annual accounts for 2,284. 1,951 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-02-2019
Fiscal year end31-12
Activities, NACEBEL
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
47120Other non-specialised retail sale
47210Retail sale of fruit and vegetables
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47789Other retail sale of new goods
47810Retail trade
47820Market retail: textiles, clothing, footwear
47890Retail trade
47910Retail trade
47990Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.