LMG Veegwerken
ActiveSummary
The computed 12-month bankruptcy probability of LMG Veegwerken is 3.0% (moderate). The 2024 annual accounts show negative equity (€-101k) and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1077 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability48▲+48
Solvency0▼-7
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.92 against 2.05 in 2023; short-term debt: 27.3% and cash: 1.6% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Sector 81
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
-25.3%
Return on assets
0.7%
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 5% of 1077 sector peers (2024).
NBB · sector comparisonPosition among 1077 sector peers
Solvency
better than 5%
← 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 25-06-2025, 36 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
36 d early
2022
34 d early
2021
34 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-101k▲ 2.8%
2023 · €-104k
2021: €8k
2022: €9k
2023: €-104k
2021 → 2024
Total assets
€399k▼ 31.3%
2023 · €581k
2021: €539k
2022: €674k
2023: €581k
2021 → 2024
Net result
€3k
2023 · €-112k
2021: €2k
2022: €820
2023: €-112k
2021 → 2024
Working capital
€100k▼ 50.4%
2023 · €202k
2021: €107k
2022: €203k
2023: €202k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€8k-€9k▲ 10.4%€-104k€-101k▲ 2.8%
Operating result€8k-€14k▲ 70.8%€-99k€16k
Net result€2k-€820▼ 57.2%€-112k€3k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €16k after a loss of €99k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €399k
Fixed assets
€190k ▲ 1.9%
Current assets
€209k ▼ 47.0%
Key figures and ratios
EBITDA
€60k▲
2023 · €-64k
Cash flow
€46k▲
2023 · €-77k
Solvency
-25.3%▼
2023 · -17.9%
Current ratio
1.92▼
2023 · 2.05
Quick ratio
1.89▼
2023 · 2.03
Debt to equity
-4.96▲
2023 · -6.60
ROA
0.7%▲
2023 · -19.4%
Interest coverage
3.40▲
2023 · -4.40
Debt
€500k▼
2023 · €684k
Debt ≤ 1 year
€109k▼
2023 · €192k
Debt > 1 year
€391k▼
2023 · €489k
Income taxes
€392
Staff costs
€339k▼
2023 · €415k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€581k€399k▼
Fixed assets21/28€187k€190k▲
Intangible fixed assets21€37k€32k▼
Tangible fixed assets22/27€148k€157k▲
Plant, machinery and equipment23€77k€41k▼
Furniture and vehicles24€5k€30k▲
Leasing and similar rights25€66k€86k▲
Financial fixed assets28€2k€2k=
Current assets29/58€394k€209k▼
Stocks and contracts in progress3€4k€3k▼
Stocks30/36€4k€3k▼
Amounts receivable within one year40/41€382k€195k▼
Trade receivables40€347k€167k▼
Other amounts receivable41€35k€28k▼
Cash at bank and in hand54/58€4k€6k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€581k€399k▼
Equity10/15€-104k€-101k▲
Contributions10/11€6k€6k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-112k€-110k▲
Amounts payable17/49€684k€500k▼
Amounts payable after more than one year17€489k€391k▼
Financial debts170/4€489k€391k▼
Amounts payable within one year42/48€192k€109k▼
Current portion of amounts payable after more than one year42€10k€20k▲
Trade debts44€137k€52k▼
Suppliers440/4€137k€52k▼
Taxes, remuneration and social security45€38k€35k▼
Taxes450/3-€300
Remuneration and social security454/9€38k€34k▼
Other amounts payable47/48€7k€2k▼
Accrued charges and deferred income492/3€4k-
Income statement
Code20232024
Non-recurring operating income76A€3k€2k▼
Remuneration, social security and pensions62€415k€339k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€43k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€11k€13k▲
Gross operating margin9900€365k€414k▲
Operating profit (loss)9901€-99k€16k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€15k€18k▲
Recurring financial charges65€15k€18k▲
Profit (loss) for the period before taxes9903€-112k€3k▲
Income taxes67/77-€392
Profit (loss) for the period9904€-112k€3k▲
Profit (loss) for the period to be appropriated9905€-112k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-112k€-110k▲
Profit (loss) brought forward from the previous period14P€36€-112k▼
Social balance
Average headcount (FTE)90878.67.0▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-112k ▼13822%
Net result drops to €-112k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lommel · 1 establishment unit since 2021
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.
Binnensingel 30B3920 LommelGround area
5,688 m²
Building footprint
2,627 m²
Volume, LiDAR
20,190 m³
Parcel 72020C0703/00E002, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LMG Veegwerken
since 20212.312.909.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C0703/00E002 | Flanders | 5,688 m² | 1 · 2,627 m² | 12.2 m · 3 fl. |
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.
Similar companies · same sector, comparable size
B&G INVEST
BE 0780.371.829
Menen · Eq €8,717
Mos Solution
BE 1011.009.422
Kruisem · Eq €8,759
INSIDE CLEAN
BE 0748.624.620
Soignies · Eq €8,762
DAMMANS Tim
BE 0641.967.675
Sint-Pieters-Leeuw · Eq €8,773
ID Advise
BE 1004.017.801
Zaventem · Eq €8,779
Of 7,013 companies in sector 81220 we hold annual accounts for 2,416. 1,356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
39000Remediation activities and other waste management service activities
43120Site preparation
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.