LM Works
ActiveThe computed 12-month bankruptcy probability of LM Works is 1.8% (moderate). The 2024 annual accounts show equity of €2k and a net result of €236. Its solvency ranks better than 17% of 9979 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability53
Solvency25
Growth-
Stability67
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.35), and 91.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 dateAge against the risk zone
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
8.9%
Return on assets
0.9%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9979 sector peers (2024).
NBB · sector comparisonPosition among 9979 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 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 filingDeviation from the deadline
2024
14 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2k
Total assets
€25k
Net result
€236
Working capital
€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €25k
Fixed assets
€17k
Current assets
€9k
Equity and liabilities €25k
Equity
€2k
Debt
€23k
Debt finances 91.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€1k
Cash flow
€1k
Solvency
8.9%
Current ratio
1.35
Quick ratio
1.35
Debt / equity
10.29
ROE
10.6%
ROA
0.9%
Interest coverage
10.53
Debt
€23k
Debt ≤ 1 year
€6k
Debt > 1 year
€17k
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€25k
Fixed assets21/28€17k
Tangible fixed assets22/27€17k
Furniture and vehicles24€17k
Current assets29/58€9k
Amounts receivable within one year40/41€6k
Other amounts receivable41€6k
Cash at bank and in hand54/58€3k
Equity and liabilities
Total equity and liabilities10/49€25k
Equity10/15€2k
Contributions10/11€2k
Reserves13€236
Distributable reserves133€236
Amounts payable17/49€23k
Amounts payable after more than one year17€17k
Financial debts170/4€17k
Amounts payable within one year42/48€6k
Trade debts44€5k
Suppliers440/4€5k
Other amounts payable47/48€1k
Income statement
Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k
Gross operating margin9900€1k
Operating profit (loss)9901€376
Financial charges65/66B€140
Recurring financial charges65€140
Profit (loss) for the period before taxes9903€236
Profit (loss) for the period9904€236
Profit (loss) for the period to be appropriated9905€236
Appropriation of the result
Profit (loss) to be appropriated9906€236
Transfer to equity691/2€236
To other reserves6921€236
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zandstraat 1398200 BruggeGround area
367 m²
Building footprint
90 m²
Parcel 31425C0293/00Y006, Flanders. Linked by address, not a title deed.
1 establishment unit
LM Works
since 20242.365.407.950
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31425C0293/00Y006 | Flanders | 367 m² | 1 · 90 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 179 EUR awarded · 179 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 179 EUR | 179 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 3,631 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2024
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.