Summary
LMM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €3.0m and a net result of €297,368. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 9871 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
56 d early
2022
31 d early
2021
11 d early
2020
2 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#8 company by equity in Pittem, Finance and insurance sector#10 company by total assets in Pittem, Finance and insurance sector
Equity
€3.0m▲ 9.7%
2023 · €2.7m
Net result
€297,368▲ 39.5%
2023 · €213,219
Total assets
€4.2m▼ 3.2%
2023 · €4.4m
Solvency
70.4%▲ 8.3pp
2023 · 62.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€169,820▲ 247%€82,363▼ 51.5%€162,077▲ 96.8%€330,584▲ 104%€206,979▼ 37.4%
Net result€118,709above the sector's middle half▲ 152%€87,510above the sector's middle half▼ 26.3%€112,090above the sector's middle half▲ 28.1%€213,219above the sector's middle half▲ 90.2%€297,368above the sector's middle half▲ 39.5%
Equity€2.5mabove the sector's middle half▲ 5.0%€2.6mabove the sector's middle half▲ 3.5%€2.5mabove the sector's middle half▼ 1.9%€2.7mabove the sector's middle half▲ 8.4%€3.0mabove the sector's middle half▲ 9.7%
Total assets€2.8mabove the sector's middle half▲ 2.5%€2.9mabove the sector's middle half▲ 1.6%€3.9mabove the sector's middle half▲ 36.8%€4.4mabove the sector's middle half▲ 12.2%€4.2mabove the sector's middle half▼ 3.2%
Debt€332,110▼ 13.2%€292,333▼ 12.0%€1.4m▲ 377%€1.7m▲ 19.1%€1.3m▼ 24.4%
Working capital€107,336within the sector's middle half€192,406above the sector's middle half▲ 79.3%-€104,389below the sector's middle half-€354,053below the sector's middle half▼ 239%-€217,900below the sector's middle half▲ 38.5%
Solvency88.2%above the sector's middle half▲ 2.1pp89.8%above the sector's middle half▲ 1.6pp64.3%within the sector's middle half▼ 25.4pp62.1%within the sector's middle half▼ 2.2pp70.4%within the sector's middle half▲ 8.3pp
Current ratio2.71within the sector's middle half▲ 1.825.17above the sector's middle half▲ 2.450.66below the sector's middle half▼ 4.500.52below the sector's middle half▼ 0.150.63below the sector's middle half▲ 0.11
Return on assets (ROA)4.2%within the sector's middle half▲ 2.5pp3.1%within the sector's middle half▼ 1.2pp2.9%within the sector's middle half▼ 0.2pp4.9%within the sector's middle half▲ 2.0pp7.0%within the sector's middle half▲ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.2m
Fixed assets
€3.9m ▼ 3.3%
Current assets
€369,993 ▼ 1.6%
Equity and liabilities €4.2m
Equity
€3.0m ▲ 9.7%
Debt
€1.3m ▼ 24.4%
Debt's share of the balance-sheet total falls from 37.9% to 29.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.0%▲
2023 · 7.8%
Debt ≤ 1 year
€587,893▼
2023 · €730,193
Debt > 1 year
€666,900▼
2023 · €926,874
Income taxes
€47,314▼
2023 · €78,738
Staff costs
€2,257
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,827 | - | €2,257 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,909 | €22,460 | €15,203 | €25,534 | €21,009 | ▼ 17.7% |
| Other operating charges640/8 | - | €3,208 | €4,414 | €13,198 | €7,766 | ▼ 41.2% |
| Non-recurring operating charges66A | - | €348 | €424 | €795 | €495 | ▼ 37.8% |
| Gross operating margin9900 | €198,621 | €108,379 | €183,945 | €370,112 | €238,506 | ▼ 35.6% |
| Operating profit (loss)9901 | €169,820 | €82,363 | €162,077 | €330,584 | €206,979 | ▼ 37.4% |
| Financial income75/76B | - | €35,390 | €4,773 | €1,773 | €170,600 | ▲ 9,522% |
| Recurring financial income75 | €459 | €35,390 | €4,773 | €1,773 | €170,600 | ▲ 9,522% |
| Financial charges65/66B | - | €6,181 | €7,415 | €40,401 | €32,897 | ▼ 18.6% |
| Recurring financial charges65 | €4,753 | €6,181 | €7,415 | €40,401 | €32,897 | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | €165,526 | €111,572 | €159,436 | €291,957 | €344,682 | ▲ 18.1% |
| Income taxes67/77 | €46,816 | €24,062 | €47,346 | €78,738 | €47,314 | ▼ 39.9% |
| Profit (loss) for the period9904 | €118,709 | €87,510 | €112,090 | €213,219 | €297,368 | ▲ 39.5% |
| Profit (loss) for the period to be appropriated9905 | €118,709 | €87,510 | €112,090 | €213,219 | €297,368 | ▲ 39.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.9m | €3.9m | €4.4m | €4.2m | ▼ 3.2% |
| Fixed assets21/28 | €2.6m | €2.6m | €3.7m | €4.0m | €3.9m | ▼ 3.3% |
| Tangible fixed assets22/27 | €330,812 | €308,352 | €293,149 | €333,730 | €199,592 | ▼ 40.2% |
| Land and buildings22 | - | €308,352 | €293,149 | €277,945 | €114,935 | ▼ 58.6% |
| Plant, machinery and equipment23 | - | - | - | - | €42,095 | - |
| Furniture and vehicles24 | - | - | - | €55,785 | €42,562 | ▼ 23.7% |
| Financial fixed assets28 | €2.3m | €2.3m | €3.4m | €3.7m | €3.7m | = |
| Current assets29/58 | €169,988 | €238,581 | €205,305 | €376,140 | €369,993 | ▼ 1.6% |
| Amounts receivable within one year40/41 | €15,064 | €47,237 | €26,684 | €27,402 | €25,820 | ▼ 5.8% |
| Trade receivables40 | - | €16,136 | €23,795 | €22,114 | €21,048 | ▼ 4.8% |
| Other amounts receivable41 | - | €31,102 | €2,889 | €5,288 | €4,773 | ▼ 9.7% |
| Current investments50/53 | €59,947 | €59,947 | €59,947 | €59,947 | €259,947 | ▲ 334% |
| Cash at bank and in hand54/58 | €94,978 | €131,397 | €36,878 | €132,188 | €83,950 | ▼ 36.5% |
| Deferred charges and accrued income490/1 | - | - | €81,797 | €156,603 | €276 | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.9m | €3.9m | €4.4m | €4.2m | ▼ 3.2% |
| Equity10/15 | €2.5m | €2.6m | €2.5m | €2.7m | €3.0m | ▲ 9.7% |
| Contributions10/11 | - | €2.2m | €2.1m | €2.1m | €2.1m | = |
| Reserves13 | €252,746 | €338,656 | €449,146 | €660,765 | €925,515 | ▲ 40.1% |
| Distributable reserves133 | - | €338,656 | €449,146 | €660,765 | €925,515 | ▲ 40.1% |
| Amounts payable17/49 | €332,110 | €292,333 | €1.4m | €1.7m | €1.3m | ▼ 24.4% |
| Amounts payable after more than one year17 | €269,458 | €246,158 | €1.1m | €926,874 | €666,900 | ▼ 28.0% |
| Financial debts170/4 | - | €246,158 | €1.1m | €926,874 | €666,900 | ▼ 28.0% |
| Amounts payable within one year42/48 | €62,651 | €46,175 | €309,694 | €730,193 | €587,893 | ▼ 19.5% |
| Current portion of amounts payable after more than one year42 | - | €23,300 | €151,983 | €156,797 | €149,945 | ▼ 4.4% |
| Trade debts44 | €3,789 | €3,310 | €2,810 | €1,804 | €7,971 | ▲ 342% |
| Suppliers440/4 | - | €3,310 | €2,810 | €1,804 | €7,971 | ▲ 342% |
| Taxes, remuneration and social security45 | - | €10,380 | €45,706 | €29,375 | €17,968 | ▼ 38.8% |
| Taxes450/3 | - | €8,936 | €44,262 | €26,486 | €16,318 | ▼ 38.4% |
| Remuneration and social security454/9 | - | €1,444 | €1,444 | €2,889 | €1,650 | ▼ 42.9% |
| Other amounts payable47/48 | - | €9,185 | €109,195 | €542,217 | €412,009 | ▼ 24.0% |
| Accrued charges and deferred income492/3 | - | - | - | €2,762 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118,709 | €87,510 | €112,090 | €213,219 | €297,368 | ▲ 39.5% |
| + Depreciation and write-downs630 | €22,909 | €22,460 | €15,203 | €25,534 | €21,009 | ▼ 17.7% |
| Operating cash flow (approximation) | €141,618 | €109,970 | €127,293 | €238,753 | €318,377 | ▲ 33.3% |
| Investment in fixed assets (approximation) | - | €0 | -€1.1m | -€332,782 | €113,129 | ▲ 134% |
| Change in cash | - | €36,420 | -€94,520 | €95,311 | -€48,239 | ▼ 151% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €297,368 ▲39.5%
Net result €297,368, the highest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.71
Current ratio from 0.90 to 2.71; short-term debt falls from €89,845 to €62,651.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Pittem · 1 establishment unit since 2013
Ground area
1,777 m²
Building footprint
261 m²
Volume, LiDAR
1,297 m³
Parcel 37003B0968/00M000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LMM
since 20132.302.233.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37003B0968/00M000 | Flanders | 1,777 m² | 1 · 261 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
33%
-
33%
According to the 2024 annual accounts of LMM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 9,736 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
Founded31-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
Contact
E-mail
vlspriet@outlook.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0541587919
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.