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LM WAY

Active
Private limited companyfounded 20251 yr activeBoeiaardstraat 30, 8820 Torhout, BelgiumKBO/BCE: BE 1018.403.097
Summary

The computed 12-month bankruptcy probability of LM WAY is 2.7% (moderate). The 2025 annual accounts show equity of €846 and a net result of -€4,154. Its solvency ranks better than 17% of 4814 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability47
Solvency28
Growth-
Track record67
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.02; short-term debt: 96.5% and cash: 0.1% of total assets), and 96.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
3.5%
Return on assets
-17.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4814 sector peers (2025).
NBB · sector comparison
Position among 4814 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 1 filing
Deviation from the deadline
2025
30 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

LM WAY was incorporated on 8 January 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€846
Total assets
€24,177
Net result
-€4,154
Working capital
-€22,962

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

Balance-sheet composition
Assets €24,177
Fixed assets €23,808
Current assets €369
Equity and liabilities €24,177
Equity €846
Debt €23,331
Debt finances 96.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€1,220
Cash flow
€1,005
Current ratio
0.02
ROA
-17.2%
Interest coverage
5.65
Debt ≤ 1 year
€23,331
Equity ratios withheld: equity of €846 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 167 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 89% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
6.6% stopped otherwise
89% still going

For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 167 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
Filed annual accounts As filed with the NBB · 2025 · 28 lines
Balance sheet Code2025
Assets
Total assets20/58€24,177
Fixed assets21/28€23,808
Tangible fixed assets22/27€23,808
Furniture and vehicles24€23,808
Current assets29/58€369
Amounts receivable within one year40/41€334
Trade receivables40€30
Other amounts receivable41€303
Cash at bank and in hand54/58€35
Equity and liabilities
Total equity and liabilities10/49€24,177
Equity10/15€846
Contributions10/11€5,000
Profit (loss) carried forward14-€4,154
Amounts payable17/49€23,331
Amounts payable within one year42/48€23,331
Trade debts44€21,286
Suppliers440/4€21,286
Other amounts payable47/48€2,045
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,159
Other operating charges640/8€1,034
Gross operating margin9900€2,254
Operating profit (loss)9901-€3,938
Financial charges65/66B€216
Recurring financial charges65€216
Profit (loss) for the period before taxes9903-€4,154
Profit (loss) for the period9904-€4,154
Profit (loss) for the period to be appropriated9905-€4,154
Appropriation of the result
Profit (loss) to be appropriated9906-€4,154

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,159
Other operating charges640/8€1,034
Gross operating margin9900€2,254
Operating profit (loss)9901-€3,938
Financial charges65/66B€216
Recurring financial charges65€216
Profit (loss) for the period before taxes9903-€4,154
Profit (loss) for the period9904-€4,154
Profit (loss) for the period to be appropriated9905-€4,154
Line2025
Assets
Total assets20/58€24,177
Fixed assets21/28€23,808
Tangible fixed assets22/27€23,808
Furniture and vehicles24€23,808
Current assets29/58€369
Amounts receivable within one year40/41€334
Trade receivables40€30
Other amounts receivable41€303
Cash at bank and in hand54/58€35
Equity and liabilities
Total equity and liabilities10/49€24,177
Equity10/15€846
Contributions10/11€5,000
Profit (loss) carried forward14-€4,154
Amounts payable17/49€23,331
Amounts payable within one year42/48€23,331
Trade debts44€21,286
Suppliers440/4€21,286
Other amounts payable47/48€2,045
Line2025
Profit (loss) for the period9904-€4,154
+ Depreciation and write-downs630€5,159
Operating cash flow (approximation)€1,005

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
30-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
NBB filing
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, Torhout · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
62 m²
Building footprint
42 m²
Volume, LiDAR
248 m³
Parcel 31033K0354/00B005, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LM WAY
Boeiaardstraat 30, 8820 TorhoutLand transport and transport via pipelines
since 20252.368.364.074
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31033K0354/00B005 Flanders 62 m² 1 · 42 m² 10.0 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.

Similar companies · same sector, comparable size

Of 6,680 companies in this sector we hold annual accounts for 2,305. 568 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
Founded08-01-2025
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
49110Land transport and transport via pipelines
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:1018403097
Also 9925:BE1018403097
Registered 10-06-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.