LM DEVELOPMENT
ActiveSummary
LM DEVELOPMENT has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,516 and a net result of €37,902. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 21,099 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €102,516
- Profit
- €37,902
Why 92raises riskLast filed accounts filed 66 days late; 1 of the last 3 lateSize: total assets €131,419lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Founded in 2003Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 85% on solvency, 43% on liquidity, 82% on profitability and 75% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 21 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than quadruplescurrent ratio 14.75
- Equity above €100,000equity €102,516 ▲39.1%
Financials · financial year 2025, micro format
2025 annual accounts filed late (66 days) Filed on 5 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00552471.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 35% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 31,368 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €43 | €124 | €124 | €81 | - | - | - |
| Other operating charges640/8 | - | - | - | €350 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €31,825 | €45,605 | €47,493 | €50,435 | €49,037 | €56,365 | €39,135 | €52,731 | ▲ 34.7% |
| Operating profit (loss)9901 | €31,477 | €45,605 | €47,103 | €49,961 | €48,565 | €55,900 | €38,748 | €52,331 | ▲ 35.1% |
| Financial income75/76B | - | - | - | - | - | €3,740 | €2,455 | €3,616 | ▲ 47.3% |
| Recurring financial income75 | €4 | - | - | - | - | €3,740 | €2,455 | €3,616 | ▲ 47.3% |
| Financial charges65/66B | - | - | - | €2,053 | €2,429 | €2,198 | €1,628 | €2,452 | ▲ 50.7% |
| Recurring financial charges65 | €809 | €742 | €970 | €2,053 | €2,429 | €2,198 | €1,628 | €2,452 | ▲ 50.7% |
| Profit (loss) for the period before taxes9903 | €30,672 | €44,863 | €46,132 | €47,908 | €46,137 | €57,442 | €39,576 | €53,495 | ▲ 35.2% |
| Income taxes67/77 | €7,270 | €13,941 | €9,975 | €10,302 | €12,607 | €2,664 | €11,225 | €15,594 | ▲ 38.9% |
| Profit (loss) for the period9904 | €23,402 | €30,922 | €36,158 | €37,607 | €33,530 | €54,778 | €28,350 | €37,902 | ▲ 33.7% |
| Profit (loss) for the period to be appropriated9905 | €23,402 | €30,922 | €36,158 | €37,607 | €33,530 | €54,778 | €28,350 | €37,902 | ▲ 33.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €214,332 | €249,215 | €253,519 | €119,817 | €120,748 | €128,427 | €113,877 | €131,419 | ▲ 15.4% |
| Fixed assets21/28 | €93 | €93 | €421 | €297 | €173 | €93 | €93 | €93 | = |
| Tangible fixed assets22/27 | - | - | €328 | €204 | €81 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €204 | €81 | - | - | - | - |
| Financial fixed assets28 | €93 | €93 | €93 | €93 | €93 | €93 | €93 | €93 | = |
| Current assets29/58 | €214,239 | €249,123 | €253,099 | €119,520 | €120,575 | €128,335 | €113,785 | €131,326 | ▲ 15.4% |
| Amounts receivable within one year40/41 | €149,331 | €203,680 | €226,758 | €107,290 | €108,346 | €127,224 | €104,973 | €118,902 | ▲ 13.3% |
| Trade receivables40 | - | - | - | €90 | - | €17,964 | - | - | - |
| Other amounts receivable41 | - | - | - | €107,200 | €108,346 | €109,260 | €104,973 | €118,902 | ▲ 13.3% |
| Cash at bank and in hand54/58 | €10,182 | €8,833 | €7,692 | €11,734 | €11,756 | €582 | €7,430 | €10,814 | ▲ 45.5% |
| Deferred charges and accrued income490/1 | - | - | - | €496 | €473 | €529 | €1,381 | €1,610 | ▲ 16.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €214,332 | €249,215 | €253,519 | €119,817 | €120,748 | €128,427 | €113,877 | €131,419 | ▲ 15.4% |
| Equity10/15 | €207,627 | €198,549 | €18,040 | €32,314 | €32,510 | €68,672 | €73,689 | €102,516 | ▲ 39.1% |
| Contributions10/11 | €6,250 | €6,250 | - | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €26,260 | €62,422 | €67,439 | €85,341 | ▲ 26.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €24,400 | €60,562 | €65,579 | €83,481 | ▲ 27.3% |
| Profit (loss) carried forward14 | €199,517 | €190,439 | €9,930 | €24,204 | - | - | - | - | - |
| Investment grants15 | - | - | - | - | - | - | - | €10,925 | - |
| Amounts payable17/49 | €6,705 | €50,666 | €235,479 | €87,504 | €88,237 | €59,755 | €40,188 | €28,903 | ▼ 28.1% |
| Amounts payable after more than one year17 | - | - | - | €44,050 | €32,307 | €20,146 | €7,552 | - | - |
| Financial debts170/4 | - | - | - | €44,050 | €32,307 | €20,146 | €7,552 | - | - |
| Amounts payable within one year42/48 | €6,705 | €50,666 | €235,479 | €43,453 | €55,931 | €39,609 | €32,636 | €8,903 | ▼ 72.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,340 | €13,013 | €13,522 | €14,298 | - | - |
| Trade debts44 | €1,769 | €1,246 | €397 | €4,901 | €5,144 | €7,471 | €10,836 | €7,113 | ▼ 34.4% |
| Suppliers440/4 | - | - | - | €4,901 | €5,144 | €7,471 | €10,836 | €7,113 | ▼ 34.4% |
| Taxes, remuneration and social security45 | - | - | - | €10,879 | €14,440 | €8,116 | €7,502 | €1,790 | ▼ 76.1% |
| Taxes450/3 | - | - | - | €9,000 | €14,440 | €8,116 | €7,502 | €1,790 | ▼ 76.1% |
| Remuneration and social security454/9 | - | - | - | €1,879 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €16,333 | €23,333 | €10,500 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €20,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,402 | €30,922 | €36,158 | €37,607 | €33,530 | €54,778 | €28,350 | €37,902 | ▲ 33.7% |
| + Depreciation and write-downs630 | - | - | €43 | €124 | €124 | €81 | - | - | - |
| Operating cash flow (approximation) | €23,402 | €30,922 | €36,201 | €37,730 | €33,654 | €54,859 | €28,350 | €37,902 | ▲ 33.7% |
| Investment in fixed assets (approximation) | - | €0 | -€371 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,350 | -€1,140 | €4,042 | €22 | -€11,174 | €6,847 | €3,384 | ▼ 50.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 05-10-2026 | 2026-00552471 |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00315816 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00429005 |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00257850 |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20282495 |
| 31-12-2020 | micro format | 16-08-2021 | 2021-49200233 |
| 31-12-2019 | micro format | 07-09-2020 | 2020-51500499 |
| 31-12-2018 | micro format | 22-08-2019 | 2019-49300526 |
| 31-12-2017 | micro format | 08-08-2018 | 2018-44600189 |
| 31-12-2016 | micro format | 28-08-2017 | 2017-49700406 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LENDASSE Marc |
|
Owners and capital
Capital and shareholders
- 07-12-2023 Converted to unavailable equity · €8,110
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-12
Gazette deed
Resignation: LENDASSE Marc (gérant non statutaire)Appointment: LENDASSE Marc (administrateur non statutaire) · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 04-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- Capital
- Director resignation, LENDASSE Marc (gérant non statutaire)
- Director appointment, LENDASSE Marc (administrateur non statutaire)
- Director discharge, LENDASSE Marc
- Registered office clause, “1440 Wauthier-Braine,Rue de la Carrière 50B” (deed in French)
- Power of attorney, Sandra de Clercq
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25111B0070/00F005 | Wallonia | 839 m² | 1 · 83 m² | 9.2 m · 2 |
| 25111B0070/00K005 | Wallonia | 772 m² | 1 · 118 m² | 8.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'étude, la conception, la production, l'exploitation, le développement, la maintenance, l'exécution de tous travaux informatiques, sous…” (deed in French)
13 activities (deed in French)
- L'étude, la conception, la production, l'exploitation, le développement, la maintenance, l'exécution de tous travaux informatiques, sous quelques forme que ce soit, dans tous les domaines, par tous procédés quelconques et sur tous supports.
- Création de logiciels spécifiques, création & hébergement de sites tant en Belgique qu'à l'étranger.
- Consultance, assistance, dépannages et formations informatiques dans son sens le plus large.
- Tous travaux de lettrage, d'impression screen, offset ou sur tous autres supports et ce y compris, les travaux connexes.
- La mise en oeuvre de tous moyens nécessaires ou utiles aux activités du secteur informatique.
- Achat, vente, location, construction de matériels informatiques (hard & software). Web master.
- Conseils pour l'aménagement, la réalisation de sites quelconques pour le privé ainsi que pour le professionnel.
- Achat, vente, de tous produits nécessaires à l'exécution des points repris ci-avant.
- Location de matériel en relation avec ses besoins.
- Achat, vente, fabrication et conception de produits se rapportant aux travaux informatiques et connexes à l'activité principale. Conseil en design informatique et agencement de bureaux.
- Achat, vente, importations et exportations de produits d'entretien, de matières premières, de programmes informatiques, de consommables pour l'ensemble de l'activité décrite ci-dessus.
- Elle peut également organiser pour son compte ou pour le compte de tiers, des démonstrations, des foires, en Belgique comme à l'étranger, et ce y compris tous les services s'y rattachant de façon à promouvoir son marketing. Cette liste est exemplative et non limitative.
- Fourniture de main d'oeuvre aux entreprises industrielles, commerciales et publiques.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LM deveLopMent
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne ou Région de Bruxelles-Capitale, organe d’administration,simple décision,sièges…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration. S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée,qualité administrateur statutaire si nommés dans statuts, un ou plusieurs administrateurs,personnes physiques…” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, usufruitier et nu-propriétaire inscrits séparément avec droits respectifs” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Saturday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications statuts, assemblée_générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pouvoirs_et_émoluments, administrateurs en fonction si aucun autre” (deed in French)