LM SOLUTIONS
ActiveSummary
LM SOLUTIONS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €66,984 and a net result of €2,308. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-12
Solvency92▲+19
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 1.7 in 2023; short-term debt: 29.5% and cash: 48.6% of total assets), and 33.1% of the assets are financed with debt.
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Signals
Three 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
66.9%
Return on assets
2.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
43 d early
2024
3 d early
2023
9 d early
2022
5 d early
2021
30 d early
2020
5 d early
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€66,984▲ 3.6%
2023 · €64,676
Total assets
€100,121▼ 26.1%
2023 · €135,441
Net result
€2,308▼ 85.9%
2023 · €16,341
Working capital
€40,600▼ 3.4%
2023 · €42,036
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€88,622▲ 32.0%€105,279▲ 18.8%€43,757▼ 58.4%€25,742▼ 41.2%€5,547▼ 78.5%
Net result€61,785above the sector's middle half▲ 49.4%€63,513above the sector's middle half▲ 2.8%-€24,321below the sector's middle half€16,341within the sector's middle half€2,308below the sector's middle half▼ 85.9%
Equity€9,143below the sector's middle half€72,656within the sector's middle half▲ 695%€48,335within the sector's middle half▼ 33.5%€64,676within the sector's middle half▲ 33.8%€66,984within the sector's middle half▲ 3.6%
Total assets€182,375within the sector's middle half▲ 33.1%€255,510within the sector's middle half▲ 40.1%€185,368within the sector's middle half▼ 27.5%€135,441within the sector's middle half▼ 26.9%€100,121within the sector's middle half▼ 26.1%
Debt€173,231▼ 8.7%€182,854▲ 5.6%€137,033▼ 25.1%€70,765▼ 48.4%€33,136▼ 53.2%
Working capital€23,945within the sector's middle half▲ 1,354%€59,877within the sector's middle half▲ 150%€43,146within the sector's middle half▼ 27.9%€42,036within the sector's middle half▼ 2.6%€40,600within the sector's middle half▼ 3.4%
Solvency5.0%below the sector's middle half▲ 43.4pp28.4%within the sector's middle half▲ 23.4pp26.1%below the sector's middle half▼ 2.4pp47.8%within the sector's middle half▲ 21.7pp66.9%within the sector's middle half▲ 19.2pp
Current ratio1.25within the sector's middle half▲ 0.231.45within the sector's middle half▲ 0.201.42within the sector's middle half▼ 0.031.70within the sector's middle half▲ 0.282.38within the sector's middle half▲ 0.68
Return on assets (ROA)33.9%above the sector's middle half▲ 3.7pp24.9%within the sector's middle half▼ 9.0pp-13.1%below the sector's middle half▼ 38.0pp12.1%within the sector's middle half▲ 25.2pp2.3%within the sector's middle half▼ 9.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 78% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €100,121
Fixed assets
€30,016 ▼ 10.2%
Current assets
€70,105 ▼ 31.3%
Equity and liabilities €100,121
Equity
€66,984 ▲ 3.6%
Debt
€33,136 ▼ 53.2%
Debt's share of the balance-sheet total falls from 52.2% to 33.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,996▼
2023 · €34,683
Cash flow
€11,757▼
2023 · €25,282
Debt to equity
0.49▼
2023 · 1.09
ROE
3.4%▼
2023 · 25.3%
Interest coverage
23.19▲
2023 · 21.68
Debt ≤ 1 year
€29,505▼
2023 · €59,976
Debt > 1 year
€3,631▼
2023 · €10,789
Income taxes
€2,744▼
2023 · €7,801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
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 497,340 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% | 1.0% |
| 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% 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 10,905 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,496 | €2,357 | €5,104 | €8,941 | €9,449 | ▲ 5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,610 | -€9,520 | - | -€23,440 | - |
| Other operating charges640/8 | - | €729 | €883 | €1,008 | €1,140 | ▲ 13.1% |
| Non-recurring operating charges66A | - | €2,292 | - | - | €45,657 | - |
| Gross operating margin9900 | €67,217 | €115,267 | €40,225 | €35,691 | €38,353 | ▲ 7.5% |
| Operating profit (loss)9901 | €88,622 | €105,279 | €43,757 | €25,742 | €5,547 | ▼ 78.5% |
| Financial income75/76B | - | - | €3 | - | €151 | - |
| Recurring financial income75 | €16 | - | €3 | - | €151 | - |
| Financial charges65/66B | - | €2,803 | €58,916 | €1,599 | €647 | ▼ 59.6% |
| Recurring financial charges65 | €3,361 | €2,803 | €2,491 | €1,599 | €647 | ▼ 59.6% |
| Non-recurring financial charges66B | - | - | €56,425 | - | - | - |
| Profit (loss) for the period before taxes9903 | €85,277 | €102,476 | -€15,156 | €24,143 | €5,052 | ▼ 79.1% |
| Income taxes67/77 | €23,492 | €38,963 | €9,165 | €7,801 | €2,744 | ▼ 64.8% |
| Profit (loss) for the period9904 | €61,785 | €63,513 | -€24,321 | €16,341 | €2,308 | ▼ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €61,785 | €63,513 | -€24,321 | €16,341 | €2,308 | ▼ 85.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,375 | €255,510 | €185,368 | €135,441 | €100,121 | ▼ 26.1% |
| Fixed assets21/28 | €62,186 | €61,149 | €39,340 | €33,429 | €30,016 | ▼ 10.2% |
| Tangible fixed assets22/27 | €5,761 | €4,724 | €39,340 | €33,429 | €30,016 | ▼ 10.2% |
| Plant, machinery and equipment23 | - | €2,415 | €4,024 | €4,763 | €8,201 | ▲ 72.2% |
| Furniture and vehicles24 | - | €2,309 | €35,316 | €28,666 | €21,814 | ▼ 23.9% |
| Financial fixed assets28 | €56,425 | €56,425 | - | - | - | - |
| Current assets29/58 | €120,188 | €194,361 | €146,027 | €102,012 | €70,105 | ▼ 31.3% |
| Amounts receivable within one year40/41 | €2,249 | €2,785 | €17,333 | €11,011 | €17,600 | ▲ 59.8% |
| Trade receivables40 | - | €2,785 | €17,333 | €11,011 | €10,400 | ▼ 5.5% |
| Other amounts receivable41 | - | - | - | - | €7,200 | - |
| Cash at bank and in hand54/58 | €115,613 | €189,247 | €125,887 | €86,949 | €48,690 | ▼ 44.0% |
| Deferred charges and accrued income490/1 | - | €2,329 | €2,808 | €4,052 | €3,815 | ▼ 5.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,375 | €255,510 | €185,368 | €135,441 | €100,121 | ▼ 26.1% |
| Equity10/15 | €9,143 | €72,656 | €48,335 | €64,676 | €66,984 | ▲ 3.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €61,860 | €61,860 | €77,860 | €77,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €60,000 | €60,000 | €76,000 | €76,000 | = |
| Profit (loss) carried forward14 | €1,083 | €4,596 | -€19,725 | -€19,384 | -€17,076 | ▲ 11.9% |
| Amounts payable17/49 | €173,231 | €182,854 | €137,033 | €70,765 | €33,136 | ▼ 53.2% |
| Amounts payable after more than one year17 | €76,988 | €48,370 | €34,151 | €10,789 | €3,631 | ▼ 66.3% |
| Financial debts170/4 | - | €48,370 | €34,151 | €10,789 | €3,631 | ▼ 66.3% |
| Amounts payable within one year42/48 | €96,244 | €134,483 | €102,882 | €59,976 | €29,505 | ▼ 50.8% |
| Current portion of amounts payable after more than one year42 | - | €31,184 | €38,919 | €23,362 | €7,158 | ▼ 69.4% |
| Trade debts44 | €12,571 | €39,155 | €8,435 | €5,153 | €1,083 | ▼ 79.0% |
| Suppliers440/4 | - | €39,155 | €8,435 | €5,153 | €1,083 | ▼ 79.0% |
| Taxes, remuneration and social security45 | - | €64,144 | €52,462 | €28,958 | €15,666 | ▼ 45.9% |
| Taxes450/3 | - | €61,269 | €48,283 | €16,049 | €13,145 | ▼ 18.1% |
| Remuneration and social security454/9 | - | €2,875 | €4,179 | €12,909 | €2,522 | ▼ 80.5% |
| Other amounts payable47/48 | - | - | €3,066 | €2,503 | €5,598 | ▲ 124% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,785 | €63,513 | -€24,321 | €16,341 | €2,308 | ▼ 85.9% |
| + Depreciation and write-downs630 | €4,496 | €2,357 | €5,104 | €8,941 | €9,449 | ▲ 5.7% |
| Operating cash flow (approximation) | €66,281 | €65,870 | -€19,217 | €25,282 | €11,757 | ▼ 53.5% |
| Investment in fixed assets (approximation) | - | -€1,320 | €16,705 | -€3,029 | -€6,036 | ▼ 99.2% |
| Change in cash | - | €73,634 | -€63,361 | -€38,937 | -€38,259 | ▲ 1.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €16,341
Net result €16,341 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€24,321
Net result drops to -€24,321, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €63,513 ▲2.8%
Operating result €105,279, net result €63,513, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2016
Ground area
1,396 m²
Building footprint
163 m²
Volume, LiDAR
884 m³
Parcel 11024F0194/00R000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LM SOLUTIONS
since 20162.250.277.264
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024F0194/00R000 | Flanders | 1,396 m² | 1 · 163 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,601 companies in this sector we hold annual accounts for 52,615. 39,477 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded25-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0646933085
Registered
05-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.