LMAR
ActiveSummary
LMAR has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €506k and a net result of €92k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-2
Solvency77▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity ample (current ratio 1.74 against 2.71 in 2023; short-term debt: 35.6% and cash: 24.2% of total assets), and 47.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
121 d late
2022
75 d late
2021
76 d late
2020
139 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€506k▲ 12.7%
2023 · €449k
Total assets
€972k▲ 24.3%
2023 · €782k
Net result
€92k▲ 6.1%
2023 · €87k
Working capital
€256k▼ 10.4%
2023 · €285k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22k▼ 3.8%€21k▼ 5.0%€49k▲ 137%€141k▲ 187%€149k▲ 5.9%
Net result€14k▲ 48.4%€3k▼ 75.3%€30k▲ 778%€87k▲ 194%€92k▲ 6.1%
Equity€341k▲ 1.5%€345k▲ 1.0%€374k▲ 8.6%€449k▲ 20.0%€506k▲ 12.7%
Total assets€540k▲ 21.4%€529k▼ 2.1%€686k▲ 29.7%€782k▲ 14.0%€972k▲ 24.3%
Debt€199k▲ 82.9%€184k▼ 7.3%€312k▲ 69.2%€333k▲ 6.8%€466k▲ 40.0%
Working capital€234k▼ 11.3%€237k▲ 1.3%€227k▼ 4.2%€285k▲ 26.0%€256k▼ 10.4%
Staff (FTE)2▲ 300%2.6▲ 30.0%3.4▲ 30.8%2▼ 41.2%2.3▲ 15.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €972k
Fixed assets
€370k ▲ 12.4%
Current assets
€602k ▲ 33.0%
Equity and liabilities €972k
Equity
€506k ▲ 12.7%
Debt
€466k ▲ 40.0%
Debt's share of the balance-sheet total rises from 42.6% to 47.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€207k▲
2023 · €188k
Cash flow
€150k▲
2023 · €135k
Current ratio
1.74▼
2023 · 2.71
Debt to equity
0.92▲
2023 · 0.74
ROE
18.2%▼
2023 · 19.3%
ROA
9.5%▼
2023 · 11.1%
Interest coverage
38.20▲
2023 · 29.40
Debt ≤ 1 year
€346k▲
2023 · €167k
Debt > 1 year
€119k▼
2023 · €126k
Income taxes
€52k▲
2023 · €48k
Staff costs
€81k▼
2023 · €87k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €2k | €905 | ▼ 39.7% |
| Remuneration, social security and pensions62 | - | €59k | €122k | €87k | €81k | ▼ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €43k | €55k | €48k | €58k | ▲ 21.6% |
| Other operating charges640/8 | - | €5k | €4k | €5k | €5k | ▼ 5.4% |
| Non-recurring operating charges66A | - | - | €900 | - | €17k | - |
| Gross operating margin9900 | €82k | €128k | €231k | €280k | €310k | ▲ 10.6% |
| Operating profit (loss)9901 | €22k | €21k | €49k | €141k | €149k | ▲ 5.9% |
| Financial income75/76B | - | €263 | €188 | €297 | €576 | ▲ 94.0% |
| Recurring financial income75 | €1k | €263 | €188 | €297 | €576 | ▲ 94.0% |
| Financial charges65/66B | - | €4k | €5k | €6k | €5k | ▼ 15.4% |
| Recurring financial charges65 | €2k | €4k | €5k | €6k | €5k | ▼ 15.4% |
| Profit (loss) for the period before taxes9903 | €21k | €17k | €44k | €134k | €144k | ▲ 7.2% |
| Income taxes67/77 | €7k | €14k | €15k | €48k | €52k | ▲ 9.0% |
| Profit (loss) for the period9904 | €14k | €3k | €30k | €87k | €92k | ▲ 6.1% |
| Profit (loss) for the period to be appropriated9905 | €14k | €3k | €30k | €87k | €92k | ▲ 6.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €540k | €529k | €686k | €782k | €972k | ▲ 24.3% |
| Fixed assets21/28 | €165k | €144k | €294k | €329k | €370k | ▲ 12.4% |
| Tangible fixed assets22/27 | €162k | €140k | €290k | €325k | €366k | ▲ 12.6% |
| Land and buildings22 | - | - | €175k | €172k | €168k | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €32k | €35k | €44k | €36k | ▼ 17.2% |
| Furniture and vehicles24 | - | €94k | €68k | €97k | €151k | ▲ 55.2% |
| Other tangible fixed assets26 | - | €13k | €12k | €11k | €10k | ▼ 9.1% |
| Financial fixed assets28 | €3k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €376k | €385k | €392k | €453k | €602k | ▲ 33.0% |
| Amounts receivable after more than one year29 | - | - | €25k | €25k | €35k | ▲ 40.0% |
| Other amounts receivable291 | - | - | €25k | €25k | €35k | ▲ 40.0% |
| Stocks and contracts in progress3 | €2k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €131k | €185k | €245k | €204k | €329k | ▲ 61.6% |
| Trade receivables40 | - | €73k | €122k | €63k | €169k | ▲ 166% |
| Other amounts receivable41 | - | €113k | €123k | €140k | €160k | ▲ 14.5% |
| Cash at bank and in hand54/58 | €240k | €196k | €118k | €222k | €236k | ▲ 6.1% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €2k | €2k | ▲ 15.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €540k | €529k | €686k | €782k | €972k | ▲ 24.3% |
| Equity10/15 | €341k | €345k | €374k | €449k | €506k | ▲ 12.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €323k | €326k | €356k | €431k | €488k | ▲ 13.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €324k | €354k | €429k | €486k | ▲ 13.3% |
| Profit (loss) carried forward14 | €105 | €367 | - | - | - | - |
| Amounts payable17/49 | €199k | €184k | €312k | €333k | €466k | ▲ 40.0% |
| Amounts payable after more than one year17 | €56k | €36k | €147k | €126k | €119k | ▼ 5.9% |
| Financial debts170/4 | - | €36k | €147k | €126k | €119k | ▼ 5.9% |
| Amounts payable within one year42/48 | €142k | €148k | €165k | €167k | €346k | ▲ 107% |
| Current portion of amounts payable after more than one year42 | - | €20k | €27k | €20k | €8k | ▼ 62.9% |
| Financial debts43 | - | - | €395 | - | - | - |
| Credit institutions430/8 | - | - | €395 | - | - | - |
| Trade debts44 | €15k | €33k | €42k | €16k | €20k | ▲ 20.6% |
| Suppliers440/4 | - | €33k | €42k | €16k | €20k | ▲ 20.6% |
| Advances received on contracts in progress46 | - | €8k | - | - | €191k | - |
| Taxes, remuneration and social security45 | - | €77k | €96k | €114k | €128k | ▲ 12.8% |
| Taxes450/3 | - | €58k | €83k | €90k | €96k | ▲ 6.8% |
| Remuneration and social security454/9 | - | €19k | €13k | €24k | €32k | ▲ 35.6% |
| Other amounts payable47/48 | - | €10k | - | €17k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €39k | €672 | ▼ 98.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €3k | €30k | €87k | €92k | ▲ 6.1% |
| + Depreciation and write-downs630 | €34k | €43k | €55k | €48k | €58k | ▲ 21.6% |
| Operating cash flow (approximation) | €47k | €46k | €84k | €135k | €150k | ▲ 11.6% |
| Investment in fixed assets (approximation) | - | €-22k | €-205k | €-83k | €-99k | ▼ 19.8% |
| Change in cash | - | €-44k | €-77k | €104k | €14k | ▼ 86.9% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Highest result since 2018net €92k ▲6.1%
Operating result €149k, net result €92k, both a record.
31-12
Financial
Equity above €500kEq €506k ▲12.7%
6 profitable years in a row build equity to €506k.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 75 days late
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 139 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
08-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 39 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
15-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 168 days late
2017
04-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 157 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Gent · 3 establishment units since 2007
Ground area
2,462 m²
Building footprint
708 m²
Volume, LiDAR
9,003 m³
4 parcels, Flanders · tallest building 36.6 m, ±11 floors. Linked by address, not a title deed.
3 establishment units
Establishment
since 20072.159.798.733
Lmar
since 20092.232.062.248
Salt & Sweet
since 20262.389.439.701
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42022B1249/00A000 | Flanders | 1,868 m² | 1 · 343 m² | 6.7 m |
| 35013A1596/00P020 | Flanders | 397 m² | 1 · 252 m² | 36.6 m · 11 fl. |
| 44810K0358/00L003 | Flanders | 146 m² | 1 · 113 m² | 10.4 m · 3 fl. |
| 44816K0536/00K004 | Flanders | 51 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 6,000 EUR awarded · 6,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.389.439.701
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Of 2,474 companies in sector 47279 we hold annual accounts for 949. 520 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47279Other retail sale of food
74301Translation services
Scores and ratios are computed by Checked and are not a credit decision.