LM33

Open bankruptcy

Private limited companyfounded 2018Rue de Gembloux(WB) 1, 6224 Fleurus, BelgiumKBO/BCE: BE 0712.613.864

A bankruptcy procedure is open for LM33 according to publications in the Belgian State Gazette; curator: CHRISTIANE NOEL. The 2025 annual accounts show equity of €51k and a net result of €-474k.

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

19202122232425

2019 to 2025 · latest year €-474k

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 7 filings

Deviation from the deadline

2025

21 d late

2024

29 d late

2023

31 d late

2022

31 d late

2021

148 d late

2020

3 d early

2019

49 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Turnover

€1.44M

EBIT margin

9.4%

Net result

€-474k▼ 379%

2024 · €-99k

2019: €115k 2020: €319k 2021: €416k 2022: €137k 2023: €19k 2024: €-99k

2019 → 2025

Working capital

€-107k

2024 · €524k

2019: €49k 2020: €242k 2021: €290k 2022: €488k 2023: €560k 2024: €524k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€868k-€1.01M▲ 15.8%€1.02M▲ 1.8%€925k▼ 9.7%€51k▼ 94.5%

Operating result€583k-€233k▼ 60.0%€94k▼ 59.8%€-48k€-415k▼ 771%

Net result€416k-€137k▼ 67.0%€19k▼ 86.5%€-99k€-474k▼ 379%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €415k in 2025 against €48k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €326k

49.0%

51.0%

Fixed assets €160k▼ 60.3%

Current assets €166k▼ 78.4%

Equity and liabilities €326k

15.6%

84.4%

Equity €51k▼ 94.5%

Debt €275k▲ 11.6%

The debt ratio rises from 21.0% to 84.4%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-351k▼

2024 · €23k

Cash flow

€-411k▼

2024 · €-29k

Solvency

15.6%▼

2024 · 79.0%

Current ratio

0.61▼

2024 · 3.14

Quick ratio

0.31▼

2024 · 2.43

Debt / equity

5.39▲

2024 · 0.27

ROE

-930.0%▼

2024 · -10.7%

ROA

-145.5%▼

2024 · -8.5%

Interest coverage

-5.99▼

2024 · 0.47

Debt

€275k▲

2024 · €246k

Debt ≤ 1 year

€274k▲

2024 · €245k

Income taxes

€536▼

2024 · €3k

Staff costs

€287k▼

2024 · €359k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.17M€326k▼

Fixed assets21/28€403k€160k▼

Intangible fixed assets21€24k€17k▼

Tangible fixed assets22/27€342k€105k▼

Furniture and vehicles24€10k€8k▼

Other tangible fixed assets26€332k€97k▼

Financial fixed assets28€37k€37k=

Current assets29/58€769k€166k▼

Stocks and contracts in progress3€174k€82k▼

Stocks30/36€174k€82k▼

Amounts receivable within one year40/41€521k€28k▼

Trade receivables40€106k€9k▼

Other amounts receivable41€415k€19k▼

Cash at bank and in hand54/58€71k€50k▼

Deferred charges and accrued income490/1€3k€6k▲

Equity and liabilities

Total equity and liabilities10/49€1.17M€326k▼

Equity10/15€925k€51k▼

Contributions10/11€20k€20k=

Reserves13€432k€31k▼

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Distributable reserves133€432k€31k▼

Profit (loss) carried forward14€473k€0▼

Amounts payable17/49€246k€275k▲

Amounts payable within one year42/48€245k€274k▲

Financial debts43€6k€1▼

Credit institutions430/8€6k€1▼

Trade debts44€132k€91k▼

Suppliers440/4€132k€91k▼

Advances received on contracts in progress46€0-

Taxes, remuneration and social security45€98k€175k▲

Taxes450/3€45k€118k▲

Remuneration and social security454/9€54k€57k▲

Other amounts payable47/48€9k€8k▼

Accrued charges and deferred income492/3€1k€1k▼

Income statement Code20242025

Non-recurring operating income76A-€91k

Remuneration, social security and pensions62€359k€287k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€64k▼

Other operating charges640/8€4k€15k▲

Non-recurring operating charges66A€583€185k▲

Gross operating margin9900€387k€136k▼

Operating profit (loss)9901€-48k€-415k▼

Financial income75/76B€157€115▼

Recurring financial income75€157€115▼

Financial charges65/66B€49k€59k▲

Recurring financial charges65€49k€59k▲

Profit (loss) for the period before taxes9903€-97k€-474k▼

Income taxes67/77€3k€536▼

Profit (loss) for the period9904€-99k€-474k▼

Profit (loss) for the period to be appropriated9905€-99k€-474k▼

Appropriation of the result

Profit (loss) to be appropriated9906€473k€-1k▼

Profit (loss) brought forward from the previous period14P€572k€473k▼

Transfer from equity791/2€2k€401k▲

Transfer to equity691/2€2k€0▼

To contributions691€2k€0▼

Profit to be distributed694/7-€400k

Return on contributions (dividend)694-€400k

Social balance

Average headcount (FTE)90879.910.4▲

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Signals 1Financial 5Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-09

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Charleroi · LM33 (SRL) RUE DE GEMBLOUX(WB) 1BTE 2, 6224 WANFERCEE-BAULET · event 31-08-2026

21-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 21 days late

2025

31-12

Financial Weakest financial yearnet €-474k

Net result drops to €-474k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 31 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 31 days late

2022

31-12

Financial Equity above €1MEq €1.01M ▲15.8%

4 profitable years in a row build equity to €1.01M.

26-12

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 148 days late

2021

31-12

Financial Highest result since 2019net €416k ▲30.6%

Operating result €583k, net result €416k, both a record.

31-12

Financial Equity above €500kEq €868k ▲91.9%

3 profitable years in a row build equity to €868k.

28-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Equity above €200kEq €452k ▲238%

2 profitable years in a row build equity to €452k.

18-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 49 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Fleurus · 1 establishment unit since 2018

establishment The establishment unit on the map

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 de Gembloux(WB) 16224 Fleurus

Ground area

2,527 m²

Building footprint

1,939 m²

Volume, LiDAR

491 m³

2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Boutique MDA

Avenue de Philippeville 159, 6001 CharleroiRetail sale of clothing and accessories for women, men, children and babies (general range)

since 20182.281.136.033

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52045A0592/00C004	Wallonia	1,733 m²	1 · 1,842 m²	-
52071A0097/00H002	Wallonia	794 m²	1 · 97 m²	7.8 m · 2 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.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	CHRISTIANE NOEL RUE DE DAMPREMY 67/32, 6000 CHARLEROI- . Date provisoire de cessation de paiement : 31/08/2026 ↔ Also on 36 other cases	31-08-2026 → present