Summary
LM-Tech is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €163,093 and a net result of €64,568. Equity has been growing by about 66% per year since 2023. Its solvency ranks better than 91% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-08-2023 Normal situation
- Activity
- Activities of holding companies NACE 64210and 2 others
- Establishment unit
- 2.348.341.492 9700 Oudenaarde, since 21-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 13-02-2024
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €64,568
- ▼ 1.4%
- Equity
- €163,093
- ▲ 65.5%
- Total assets
- €177,063
- ▲ 47.6%
- 2025 accounts filed 28 days after the deadline
Signalsraises risk2025 accounts filed 28 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
28 days late
2024
35 days early
2023
41 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 16 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (3 of the last 3 accounts filed within 63 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494484.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 3 filings
Equity
€163,093▲ 65.5%
2024 · €98,525
Net result
€64,568▼ 1.4%
2024 · €65,457
Total assets
€177,063▲ 47.6%
2024 · €119,969
Solvency
92.1%▲ 10.0pp
2024 · 82.1%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€81,629
▼ 1.6%
2025
20232025
Net result
€64,568
▼ 1.4%
2025
middle half of the sector
20232025
Equity
€163,093
▲ 65.5%
2025
middle half of the sector
20232025
Total assets
€177,063
▲ 47.6%
2025
middle half of the sector
20232025
Debt
€13,969
▼ 34.9%
2025
20232025
Working capital
€141,665
▲ 90.4%
2025
middle half of the sector
20232025
Solvency
92.1%
▲ 10.0pp
2025
highest quarter of the sector
20232025
Current ratio
11.14
▲ 6.67
2025
highest quarter of the sector
20232025
Return on assets (ROA)
36.5%
▼ 18.1pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€35,301-€82,958▲ 135%€81,629▼ 1.6%
Net result€28,068within the sector's middle half-€65,457within the sector's middle half▲ 133%€64,568within the sector's middle half▼ 1.4%
Equity€33,068below the sector's middle half-€98,525within the sector's middle half▲ 198%€163,093within the sector's middle half▲ 65.5%
Total assets€65,836below the sector's middle half-€119,969below the sector's middle half▲ 82.2%€177,063within the sector's middle half▲ 47.6%
Debt€32,768-€21,443▼ 34.6%€13,969▼ 34.9%
Working capital€2,715within the sector's middle half-€74,406within the sector's middle half▲ 27×€141,665within the sector's middle half▲ 90.4%
Solvency50.2%within the sector's middle half-82.1%above the sector's middle half▲ 31.9pp92.1%above the sector's middle half▲ 10.0pp
Current ratio1.08within the sector's middle half-4.47above the sector's middle half▲ 3.3911.14above the sector's middle half▲ 6.67
Return on assets (ROA)42.6%above the sector's middle half-54.6%above the sector's middle half▲ 11.9pp36.5%above the sector's middle half▼ 18.1pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 2% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,063
Fixed assets
€21,428 ▼ 11.2%
Current assets
€155,634 ▲ 62.4%
Equity and liabilities €177,063
Equity
€163,093 ▲ 65.5%
Debt
€13,969 ▼ 34.9%
Debt's share of the balance-sheet total falls from 17.9% to 7.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
39.6%▼
2024 · 66.4%
Debt ≤ 1 year
€13,969▼
2024 · €21,443
Income taxes
€17,500▼
2024 · €17,578
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €32,765 | €2,077 | €7,127 |
| Depreciation and write-downs of the year | €2,412 | €8,310 | €9,818 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,412 | €8,310 | €9,818 | ▲ 18.1% |
| Other operating charges640/8 | - | €356 | €276 | ▼ 22.6% |
| Gross operating margin9900 | €37,713 | €91,624 | €91,723 | ▲ 0.1% |
| Operating profit (loss)9901 | €35,301 | €82,958 | €81,629 | ▼ 1.6% |
| Financial income75/76B | - | €220 | €499 | ▲ 127% |
| Recurring financial income75 | - | €220 | €499 | ▲ 127% |
| Financial charges65/66B | - | €142 | €60 | ▼ 57.7% |
| Recurring financial charges65 | - | €142 | €60 | ▼ 57.7% |
| Profit (loss) for the period before taxes9903 | €35,301 | €83,035 | €82,068 | ▼ 1.2% |
| Income taxes67/77 | €7,233 | €17,578 | €17,500 | ▼ 0.4% |
| Profit (loss) for the period9904 | €28,068 | €65,457 | €64,568 | ▼ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €28,068 | €65,457 | €64,568 | ▼ 1.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €65,836 | €119,969 | €177,063 | ▲ 47.6% |
| Fixed assets21/28 | €30,353 | €24,120 | €21,428 | ▼ 11.2% |
| Tangible fixed assets22/27 | €30,353 | €24,120 | €21,428 | ▼ 11.2% |
| Plant, machinery and equipment23 | €720 | €2,487 | €5,381 | ▲ 116% |
| Furniture and vehicles24 | €29,633 | €21,633 | €16,047 | ▼ 25.8% |
| Current assets29/58 | €35,482 | €95,849 | €155,634 | ▲ 62.4% |
| Amounts receivable within one year40/41 | €18,221 | €22,546 | €47,539 | ▲ 111% |
| Trade receivables40 | €18,221 | €18,810 | €27,101 | ▲ 44.1% |
| Other amounts receivable41 | - | €3,735 | €20,438 | ▲ 447% |
| Cash at bank and in hand54/58 | €17,261 | €73,037 | €107,869 | ▲ 47.7% |
| Deferred charges and accrued income490/1 | - | €266 | €226 | ▼ 15.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €65,836 | €119,969 | €177,063 | ▲ 47.6% |
| Equity10/15 | €33,068 | €98,525 | €163,093 | ▲ 65.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €28,068 | €93,525 | €158,093 | ▲ 69.0% |
| Distributable reserves133 | €28,068 | €93,525 | €158,093 | ▲ 69.0% |
| Amounts payable17/49 | €32,768 | €21,443 | €13,969 | ▼ 34.9% |
| Amounts payable within one year42/48 | €32,768 | €21,443 | €13,969 | ▼ 34.9% |
| Trade debts44 | €4,800 | €7,315 | €2,116 | ▼ 71.1% |
| Suppliers440/4 | €4,800 | €7,315 | €2,116 | ▼ 71.1% |
| Taxes, remuneration and social security45 | €21,560 | €14,129 | €11,853 | ▼ 16.1% |
| Taxes450/3 | €21,560 | €11,408 | €11,853 | ▲ 3.9% |
| Remuneration and social security454/9 | - | €2,721 | - | - |
| Other amounts payable47/48 | €6,408 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,068 | €65,457 | €64,568 | ▼ 1.4% |
| + Depreciation and write-downs630 | €2,412 | €8,310 | €9,818 | ▲ 18.1% |
| Operating cash flow (approximation) | €30,480 | €73,767 | €74,386 | ▲ 0.8% |
| Investment in fixed assets (approximation) | - | -€2,077 | -€7,127 | ▼ 243% |
| Change in cash | - | €55,776 | €34,832 | ▼ 37.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, no change since 2023
MOERMAN Lieven Marc Ivo
Current
Director (not named in the articles) · appointed in the act of 23-08-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 28-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 23-08-2023Owners and capital
Shareholders
At incorporation
act of 23-08-2023 ↗
- MOERMAN Lieven Marc Ivo 51 shares (51%) · €2,550
- DE BOEVER Christl Hilde 49 shares (49%) · €2,450
Capital transactions
Capital over time
- 23-08-2023 Incorporation · €5,000 · 100 shares
Network & group
LM-Tech shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of LM-Tech. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
28-08
micro format · 28 days late
2025
31-12
Financial
Liquidity more than doubledcurrent ratio 11.14
The current ratio rises from 4.47 to 11.14. Short-term debt falls from €21,443 to €13,969.
31-12
Financial
Equity above €150,000equity €163,093 ▲65.5%
With a profit in every financial year since 2023, equity grows to €163,093.
26-06
micro format · 35 days before the deadline
2024
31-12
Financial
Highest result from 2023 to 2025net €65,457 ▲133%
The operating result of €82,958 and the net result of €65,457 are both a record.
31-12
Financial
Liquidity more than quadruplescurrent ratio 4.47
The current ratio rises from 1.08 to 4.47. Short-term debt falls from €32,768 to €21,443.
20-06
micro format · 41 days before the deadline
2023
23-08
Gazette deed
IncorporationStarting capital €5,000 · Appointment: MOERMAN Lieven Marc Ivo (director) · Board rule · Registered office clause12 points ▸
Gazette deed
Incorporation
Starting capital €5,000 · Appointment: MOERMAN Lieven Marc Ivo (director) · Board rule · Registered office clause12 points ▸
- Board rule, 1
- Director appointment, MOERMAN Lieven Marc Ivo (director (not named in the articles))
- Other provision, “doel-vermogensvoordeel, geen ander doel dan rechtstreeks of onrechtstreeks vermogensvoordeel aan vennoten” (deed in Dutch)
- Other provision, “administratieve doeleinden, analytisch uittreksel” (deed in Dutch)
- Incorporation, 17-08-2023
- Registered office clause, “Oudenaarde, Dries ter Biest 1” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Founder, MOERMAN Lieven Marc Ivo
- Founder, DE BOEVER Christl Hilde
- Capital
- Founding capital, €5,000
- Bank account, “Axa Bank, BE76 7512 1256 1695” (deed in Dutch)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
LM-Tech in Dutch
Enterprise number
0804.938.266
Legal form
Private limited company
Status
Active, normale toestand
Founded
21-08-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 23-08-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…”
deed of 23-08-2023 (in Dutch)Registered office and establishments
Registered office
Dries ter Biest 1, 9700 Oudenaarde, Belgium
Establishment unit
LM-Tech, Dries ter Biest 1, 9700 Oudenaarde since 21-08-2023 · unit number 2.348.341.492
Activities
NACEBEL 202564210
Activities of holding companies main activity
70100
Activities of head offices
70200
Business and other management consultancy
Codes under NACEBEL 2008
64200
Holdings main activity
70100
Activities of head offices
70220
Business consulting
Invoicing and payment
VAT number
BE 0804.938.266
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 15:00
deed of 23-08-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,109 m²
Building footprint
151 m²
Building volume
806 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45507A0318/00R002 | Flanders | 1,109 m² | 1 · 151 m² | 7.9 m · 2 |