Financials
- Fiscal year
- 2024
- Total assets
- €24,513
- Loss
- -€13,442
- Solvency
- -110.9%
Total assets▲ 21.1%
Net result
20232024
LM VG
ActiveSummary
The computed 12-month bankruptcy probability of LM VG is 5.8% (elevated). The 2024 annual accounts show negative equity (-€27,174) and a net result of -€13,442. Its solvency ranks better than 5% of 36364 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Joinery installation
NACE 43320
1 site
Size
€24,513total assets 2024
- Equity
- -€27,174
- Loss
- -€13,442
Turnover not published (abridged schema)
Structure
Accounts 64 d overdue0 of 2 deeds read
Why 33- 1 financial year not filed after the legal deadline; latest accounts 88 days late; 1 of the last 3 late- Figures for FY 2024 (filed 27-10-2025)- Founded in 2022+ Size: total assets €24,513Show the evidence
Checked score
Score 2024
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 6% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -110.9% of total assets
Liquidity
21-7
short-term debt 210.9% · cash 17.0%
Profitability
0=
return on assets -54.8%
Bankruptcy probability, 12 months
5.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.1%
12-2024: 2.1%▼ -1.3% vs 11-2024
01-2025: 2.0%▼ -0.9% vs 12-2024
02-2025: 2.0%● 0.0% vs 01-2025
03-2025: 2.0%▼ -1.4% vs 02-2025lowest value
04-2025: 2.0%● 0.0% vs 03-2025lowest value
05-2025: 2.0%▲ +0.7% vs 04-2025
06-2025: 2.0%▼ -0.2% vs 05-2025
07-2025: 2.1%▲ +3.1% vs 06-2025
08-2025: 2.8%▲ +34.3% vs 07-2025
09-2025: 3.2%▲ +15.1% vs 08-2025
10-2025: 4.7%▲ +46.4% vs 09-2025
11-2025: 3.8%▼ -19.6% vs 10-2025
12-2025: 3.3%▼ -12.8% vs 11-2025
01-2026: 3.2%▼ -2.2% vs 12-2025
02-2026: 3.2%● 0.0% vs 01-2026
03-2026: 3.2%▼ -1.2% vs 02-2026
04-2026: 3.2%▲ +0.8% vs 03-2026
05-2026: 3.3%▲ +1.9% vs 04-2026
06-2026: 3.4%▲ +2.2% vs 05-2026
07-2026: 3.4%▲ +1.3% vs 06-2026
08-2026: 3.9%▲ +15.2% vs 07-2026
09-2026: 4.3%▲ +9.4% vs 08-2026
10-2026: 5.8%▲ +36.2% vs 09-2026highest value
- 1 financial year not filed after the legal deadline; latest accounts 88 days late; 1 of the last 3 late raises the probability
- Figures for FY 2024 (filed 27-10-2025) raises the probability
- Founded in 2022 raises the probability for this profile
- Size: total assets €24,513 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.33 against 0.26 in 2023; short-term debt: 210.9% and cash: 17% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 12%, profitability 4%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€27,174
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
88 d late
2023
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2024
- 27-10-2025Annual accounts filed
- 30-07-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 25-03-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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