LMA CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of LMA CONCEPT is 2.7% (moderate). The 2025 annual accounts show equity of €1.7m and a net result of €773,622. Equity is growing by ~80.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 18973 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+14
Growth78=
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 7.1 against 3.1 in 2024; short-term debt: 10% and cash: 35.5% of total assets), and 22.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.6%
Return on assets
34.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-09-2026, 44 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 · 3 filingsDeviation from the deadline
2025
44 d late
2024
29 d late
2023
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 35 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 1 September (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#3 company by total assets in Anderlues, Wholesale and retail trade sector#3 company by equity in Anderlues, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€773,622▼ 1.7%
2024 · €787,233
Working capital
€1.4m▲ 101%
2024 · €680,883
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€235,852-€1.1m▲ 354%€1.0m▼ 3.9%
Net result€173,804above the sector's middle half-€787,233above the sector's middle half▲ 353%€773,622above the sector's middle half▼ 1.7%
Equity€177,304within the sector's middle half-€964,537above the sector's middle half▲ 444%€1.7mabove the sector's middle half▲ 80.2%
Total assets€281,934below the sector's middle half-€1.6mabove the sector's middle half▲ 464%€2.2mabove the sector's middle half▲ 40.7%
Debt€104,630-€626,886▲ 499%€501,295▼ 20.0%
Working capital€87,393within the sector's middle half-€680,883above the sector's middle half▲ 679%€1.4mabove the sector's middle half▲ 101%
Solvency62.9%above the sector's middle half-60.6%within the sector's middle half▼ 2.3pp77.6%above the sector's middle half▲ 17.0pp
Current ratio1.84within the sector's middle half-3.10above the sector's middle half▲ 1.267.10above the sector's middle half▲ 4.01
Return on assets (ROA)61.6%above the sector's middle half-49.5%above the sector's middle half▼ 12.2pp34.5%above the sector's middle half▼ 14.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +353% on 2023. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€650,062 ▲ 11.0%
Current assets
€1.6m ▲ 58.0%
Equity and liabilities €2.2m
Equity
€1.7m ▲ 80.2%
Debt
€501,295 ▼ 20.0%
Debt's share of the balance-sheet total falls from 39.4% to 22.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.1m▼
2024 · €1.1m
Cash flow
€830,979▲
2024 · €819,881
Debt to equity
0.29▼
2024 · 0.65
ROE
44.5%▼
2024 · 81.6%
Interest coverage
39.92▼
2024 · 87.77
Debt ≤ 1 year
€223,763▼
2024 · €324,832
Debt > 1 year
€277,532▼
2024 · €302,054
Income taxes
€243,373▼
2024 · €275,252
Staff costs
-€10,841▼
2024 · €21,336
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,126 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
1.9%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 3,126 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €6,429 | €21,336 | -€10,841 | ▼ 151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,703 | €32,648 | €57,357 | ▲ 75.7% |
| Other operating charges640/8 | €639 | €4,993 | €254,591 | ▲ 4,999% |
| Gross operating margin9900 | €255,623 | €1.1m | €1.3m | ▲ 17.7% |
| Operating profit (loss)9901 | €235,852 | €1.1m | €1.0m | ▼ 3.9% |
| Financial income75/76B | €1 | €3,296 | €14,594 | ▲ 343% |
| Recurring financial income75 | €1 | €3,296 | €14,594 | ▲ 343% |
| Financial charges65/66B | €3,095 | €12,583 | €27,232 | ▲ 116% |
| Recurring financial charges65 | €3,095 | €12,583 | €27,232 | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €232,758 | €1.1m | €1.0m | ▼ 4.3% |
| Income taxes67/77 | €58,954 | €275,252 | €243,373 | ▼ 11.6% |
| Profit (loss) for the period9904 | €173,804 | €787,233 | €773,622 | ▼ 1.7% |
| Transfer to tax-exempt reserves689 | €173,804 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0 | €787,233 | €773,622 | ▼ 1.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €281,934 | €1.6m | €2.2m | ▲ 40.7% |
| Fixed assets21/28 | €89,911 | €585,708 | €650,062 | ▲ 11.0% |
| Intangible fixed assets21 | €15,991 | €14,071 | €21,579 | ▲ 53.4% |
| Tangible fixed assets22/27 | €73,865 | €446,582 | €429,531 | ▼ 3.8% |
| Land and buildings22 | €7,355 | €324,402 | €322,354 | ▼ 0.6% |
| Plant, machinery and equipment23 | €31,041 | €36,489 | €40,956 | ▲ 12.2% |
| Furniture and vehicles24 | €35,469 | €85,691 | €66,221 | ▼ 22.7% |
| Financial fixed assets28 | €55 | €125,055 | €198,952 | ▲ 59.1% |
| Current assets29/58 | €192,023 | €1.0m | €1.6m | ▲ 58.0% |
| Amounts receivable within one year40/41 | €60,733 | €110,629 | €294,239 | ▲ 166% |
| Trade receivables40 | €60,733 | €110,629 | €293,056 | ▲ 165% |
| Other amounts receivable41 | - | - | €1,183 | - |
| Current investments50/53 | - | - | €500,000 | - |
| Cash at bank and in hand54/58 | €131,169 | €893,831 | €793,921 | ▼ 11.2% |
| Deferred charges and accrued income490/1 | €121 | €1,255 | €1,232 | ▼ 1.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €281,934 | €1.6m | €2.2m | ▲ 40.7% |
| Equity10/15 | €177,304 | €964,537 | €1.7m | ▲ 80.2% |
| Contributions10/11 | €3,500 | €3,500 | €3,500 | = |
| Capital10 | €3,500 | - | - | - |
| Issued capital100 | €3,500 | - | - | - |
| Reserves13 | €173,804 | €961,037 | €1.7m | ▲ 80.5% |
| Distributable reserves133 | €173,804 | €961,037 | €1.7m | ▲ 80.5% |
| Profit (loss) carried forward14 | €0 | - | - | - |
| Amounts payable17/49 | €104,630 | €626,886 | €501,295 | ▼ 20.0% |
| Amounts payable after more than one year17 | - | €302,054 | €277,532 | ▼ 8.1% |
| Financial debts170/4 | - | €302,054 | €276,152 | ▼ 8.6% |
| Other amounts payable178/9 | - | - | €1,380 | - |
| Amounts payable within one year42/48 | €104,630 | €324,832 | €223,763 | ▼ 31.1% |
| Current portion of amounts payable after more than one year42 | - | €148,738 | €41,882 | ▼ 71.8% |
| Trade debts44 | €47,615 | - | €39,740 | - |
| Suppliers440/4 | €47,615 | - | €39,740 | - |
| Taxes, remuneration and social security45 | €38,018 | €140,045 | €88,902 | ▼ 36.5% |
| Taxes450/3 | €38,018 | €138,929 | €88,902 | ▼ 36.0% |
| Remuneration and social security454/9 | - | €1,116 | - | - |
| Other amounts payable47/48 | €18,997 | €36,049 | €53,239 | ▲ 47.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €173,804 | €787,233 | €773,622 | ▼ 1.7% |
| + Depreciation and write-downs630 | €12,703 | €32,648 | €57,357 | ▲ 75.7% |
| Operating cash flow (approximation) | €186,507 | €819,881 | €830,979 | ▲ 1.4% |
| Investment in fixed assets (approximation) | - | -€528,445 | -€121,711 | ▲ 77.0% |
| Change in cash | - | €762,662 | -€99,910 | ▼ 113% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 44 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 7.10
Current ratio from 3.10 to 7.10; short-term debt falls from €324,832 to €223,763.
31-12
Financial
Equity above €1mEq €1.7m ▲80.2%
3 profitable years in a row build equity to €1.7m.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2023net €787,233 ▲353%
Operating result €1.1m, net result €787,233, both a record.
31-12
Financial
Equity above €500,000Eq €964,537 ▲444%
2 profitable years in a row build equity to €964,537.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Anderlues · 3 establishment units since 2022
Ground area
2,346 m²
Building footprint
640 m²
Volume, LiDAR
4,805 m³
4 parcels, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
VIP VAPE
since 20222.350.874.677
CourcelVape
since 20232.352.559.410
LMA Concept Production
since 20252.373.077.680
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56302D0018/00V002 | Wallonia | 1,008 m² | 1 · 111 m² | 11.3 m · 3 fl. |
| 56302D0036/00E003 | Wallonia | 891 m² | 1 · 79 m² | 11.0 m · 3 fl. |
| 52322B0827/00H000 | Wallonia | 285 m² | 1 · 78 m² | 11.3 m · 3 fl. |
| 56001A0094/00E002 | Wallonia | 162 m² | 1 · 372 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels 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
DMV INVEST
BE 0841.698.296
De Panne · Eq €1,670,055
FREDO
BE 0478.012.832
Waregem · Eq €1,596,932
De Brug
BE 0466.568.911
De Panne · Eq €2,157,796
Carlo - Troussart
BE 0415.627.380
Chaudfontaine · Eq €1,308,676
HANC - THIEFRY DIFFUSION
BE 0841.424.025
Rumes · Eq €1,279,664
Of 417 companies in this sector we hold annual accounts for 264. 78 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
Founded05-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47260Retail trade
43120Site preparation
46190Agents in non-specialised wholesale trade
47252Retail sale of beverages, general range
47761Retail sale of flowers, plants, seeds and fertilisers
47789Other retail sale of new goods
Contact
E-mail
vipvape@outlook.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794408719
Also
9925:BE0794408719
Registered
31-12-2025
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.