LM PROJECTS

Inactive

KBO/BCE: BE 0440.507.286

LM PROJECTS was declared bankrupt on 08-06-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 22-04-2025, published in the Belgian State Gazette on 29-04-2025.

Summary

Inactive; last annual accounts for fiscal year 2019.

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Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

No filing for years

The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2020 close31-07-2021 deadline24-09-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 21-01-2021, 174 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

174 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2019, micro schema

Equity

€-1k▲ 70.2%

2018 · €-5k

2018: €-5k

2018 → 2019

Total assets

€88k▲ 532%

2018 · €14k

2018: €14k

2018 → 2019

Net result

€3k▼ 54.0%

2018 · €7k

2018: €7k

2018 → 2019

Working capital

€-1k▲ 70.2%

2018 · €-5k

2018: €-5k

2018 → 2019

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019Trend

Equity€-5k-€-1k▲ 70.2%

Operating result€8k-€3k▼ 58.2%

Net result€7k-€3k▼ 54.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2019; 2019 is 58% below 2018.

Key figures and ratios

2019 value · change against 2018

Solvency

-1.6%▲

2018 · -34.5%

Current ratio

0.98▲

2018 · 0.74

ROA

3.8%▼

2018 · 52.7%

Debt

€89k▲

2018 · €19k

Debt ≤ 1 year

€89k▲

2018 · €19k

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 · 2019 against 2018 · 18 lines

Balance sheet Code20182019

Assets

Total assets20/58€14k€88k▲

Current assets29/58€14k€88k▲

Amounts receivable within one year40/41€14k€66k▲

Cash at bank and in hand54/58€40€22k▲

Equity and liabilities

Total equity and liabilities10/49€14k€88k▲

Equity10/15€-5k€-1k▲

Contributions10/11€25k€25k=

Reserves13€2k€2k=

Profit (loss) carried forward14€-32k€-29k▲

Amounts payable17/49€19k€89k▲

Amounts payable within one year42/48€19k€89k▲

Trade debts44€7k€80k▲

Income statement Code20182019

Gross operating margin9900€9k€5k▼

Operating profit (loss)9901€8k€3k▼

Recurring financial charges65€124-

Profit (loss) for the period before taxes9903€7k€3k▼

Profit (loss) for the period9904€7k€3k▼

Profit (loss) for the period to be appropriated9905€7k€3k▼

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Timeline · acts, filings and financial milestones

All 12Signals 2Filings 10

2025

29-04

Bankruptcy Bankruptcy closure (insufficient assets)

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · LM PROJECTS BV RIJKMAKERLAAN 7T, 2910 ESSEN · event 22-04-2025

2023

19-06

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · LM PROJECTS BV RIJKMAKER- LAAN 7T, 2910 ESSEN · event 08-06-2023

2021

21-01