LM2
ActiveThe computed 12-month bankruptcy probability of LM2 is 1.6% (moderate). The 2024 annual accounts show equity of €10k and a net result of €-8k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 11% of 36376 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability21▼-14
Solvency29▼-5
Growth60▼-17
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.02 against 1.09 in 2023; short-term debt: 95.8% of total assets), and 95.9% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
4.1%
Return on assets
-3.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 36376 sector peers (2024).
NBB · sector comparisonPosition among 36376 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
21 d late
2022
32 d late
2021
30 d late
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€173k▲ 27.5%
2020 · €136k
2020: €136k
2020 → 2022
EBIT margin
4.1%▲ 0.3pp
2020 · 3.9%
2020: 3.9%
2020 → 2022
Net result
€-8k
2023 · €2k
2018: €2k
2019: €7k
2020: €1k
2021: €3k
2022: €4k
2023: €2k
2018 → 2024
Working capital
€4k▼ 78.1%
2023 · €17k
2018: €-10k
2019: €-245
2020: €3k
2021: €11k
2022: €15k
2023: €17k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€136k-€173k
Equity€9k-€12k▲ 32.8%€16k▲ 34.2%€18k▲ 13.4%€10k▼ 43.5%
Operating result€5k-€13k▲ 145%€7k▼ 44.2%€7k▲ 3.3%€8k▲ 4.6%
Net result€1k-€3k▲ 171%€4k▲ 38.3%€2k▼ 47.6%€-8k
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 5% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €251k
Fixed assets
€7k▲ 715%
Current assets
€244k▲ 22.0%
Equity and liabilities €251k
Equity
€10k▼ 43.5%
Debt
€240k▲ 31.7%
The debt ratio rises from 91.0% to 95.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▲
2023 · €8k
Cash flow
€-7k▼
2023 · €2k
Solvency
4.1%▼
2023 · 9.0%
Current ratio
1.02▼
2023 · 1.09
Quick ratio
0.49▲
2023 · 0.40
Debt / equity
23.47▲
2023 · 10.07
ROE
-77.0%▼
2023 · 11.8%
ROA
-3.1%▼
2023 · 1.1%
Interest coverage
0.73▼
2023 · 1.77
Debt
€240k▲
2023 · €183k
Debt ≤ 1 year
€240k▲
2023 · €183k
Income taxes
€4k▲
2023 · €1k
Staff costs
€82k▲
2023 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€201k€251k▲
Formation expenses20€0€0=
Fixed assets21/28€840€7k▲
Tangible fixed assets22/27€840€7k▲
Plant, machinery and equipment23€840€1k▲
Furniture and vehicles24-€6k
Current assets29/58€200k€244k▲
Stocks and contracts in progress3€127k€126k▼
Stocks30/36€127k€126k▼
Amounts receivable within one year40/41€72k€116k▲
Trade receivables40€51k€96k▲
Other amounts receivable41€22k€20k▼
Deferred charges and accrued income490/1€633€2k▲
Equity and liabilities
Total equity and liabilities10/49€201k€251k▲
Equity10/15€18k€10k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€12k€4k▼
Amounts payable17/49€183k€240k▲
Amounts payable within one year42/48€183k€240k▲
Financial debts43€2k€7k▲
Credit institutions430/8€2k€7k▲
Trade debts44€37k€29k▼
Suppliers440/4€37k€29k▼
Taxes, remuneration and social security45€4k€18k▲
Taxes450/3€3k€920▼
Remuneration and social security454/9€1k€17k▲
Other amounts payable47/48€140k€186k▲
Accrued charges and deferred income492/3-€387
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€136k€106k▼
Remuneration, social security and pensions62€70k€82k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110€1k▲
Other operating charges640/8€273€392▲
Gross operating margin9900€78k€92k▲
Operating profit (loss)9901€7k€8k▲
Financial income75/76B€0€254▲
Recurring financial income75€0€254▲
Financial charges65/66B€4k€12k▲
Recurring financial charges65€4k€12k▲
Profit (loss) for the period before taxes9903€3k€-4k▼
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€2k€-8k▼
Profit (loss) for the period to be appropriated9905€2k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€4k▼
Profit (loss) brought forward from the previous period14P€10k€12k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-8k ▼469%
Net result drops to €-8k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €7k ▲296%
Net result €7k, the highest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Nandrin · 1 establishment unit since 2016
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.
Rue d'Oxhon 14550 NandrinGround area
3,722 m²
Building footprint
626 m²
Volume, LiDAR
2,898 m³
2 parcels, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Têris 58, 4100 Seraing
since 20162.258.079.034
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61069A0245/00G000 | Wallonia | 2,183 m² | 1 · 182 m² | 9.4 m · 2 fl. |
| 62353D0347/00M000 | Wallonia | 1,538 m² | 1 · 444 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DNTM
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,232. 1,504 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2016
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43910Bricklaying and masonry work
43994Specialised construction activities
41001General construction of residential buildings
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43990Other specialised construction activities
43992Specialised construction activities
43999Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.