LMS
ActiveSummary
LMS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €-3k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 1309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▲+14
Solvency54▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.78 in 2024; short-term debt: 63.4% and cash: 25.2% of total assets), and 70.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2025Solvency, return and age of the figures
Solvency
29.4%
Return on assets
-2.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-3k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
5 d early
2022
3 d early
2021
2 d early
2020
23 d early
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€39k▼ 6.9%
2024 · €42k
2018: €28k
2019: €24k▼ -14.0% vs 2018
2020: €24k▼ -1.3% vs 2019lowest in 8 years
2021: €35k▲ +47.5% vs 2020
2022: €50k▲ +43.4% vs 2021
2023: €52k▲ +2.7% vs 2022highest in 8 years
2024: €42k▼ -18.8% vs 2023
2025: €39k▼ -6.9% vs 2024
2018 → 2025
Total assets
€133k▲ 5.9%
2024 · €126k
2018: €156k
2019: €134k▼ -14.1% vs 2018
2020: €152k▲ +13.4% vs 2019
2021: €151k▼ -0.4% vs 2020
2022: €174k▲ +14.8% vs 2021highest in 8 years
2023: €146k▼ -16.2% vs 2022
2024: €126k▼ -13.6% vs 2023lowest in 8 years
2025: €133k▲ +5.9% vs 2024
2018 → 2025
Net result
€-3k▲ 70.2%
2024 · €-10k
2018: €-11klowest in 8 years
2019: €-4k▲ +65.3% vs 2018
2020: €-319▲ +91.9% vs 2019
2021: €11k▲ +3654% vs 2020
2022: €25k▲ +123% vs 2021highest in 8 years
2023: €1k▼ -94.6% vs 2022
2024: €-10k▼ -817% vs 2023
2025: €-3k▲ +70.2% vs 2024
2018 → 2025
Working capital
€38k▼ 31.2%
2024 · €54k
2018: €60k
2019: €35k▼ -41.6% vs 2018
2020: €24k▼ -31.5% vs 2019lowest in 8 years
2021: €32k▲ +33.4% vs 2020
2022: €45k▲ +40.8% vs 2021
2023: €67k▲ +47.9% vs 2022highest in 8 years
2024: €54k▼ -18.9% vs 2023
2025: €38k▼ -31.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€50k▲ 43.4%€52k▲ 2.7%€42k▼ 18.8%€39k▼ 6.9%
2021: €35klowest in 5 years
2022: €50k▲ +43.4% vs 2021
2023: €52k▲ +2.7% vs 2022highest in 5 years
2024: €42k▼ -18.8% vs 2023
2025: €39k▼ -6.9% vs 2024
Operating result€20k-€36k▲ 83.2%€7k▼ 81.6%€-7k€3k
2021: €20k
2022: €36k▲ +83.2% vs 2021highest in 5 years
2023: €7k▼ -81.6% vs 2022
2024: €-7k▼ -211% vs 2023lowest in 5 years
2025: €3k▲ +137% vs 2024
Net result€11k-€25k▲ 123%€1k▼ 94.6%€-10k€-3k▲ 70.2%
2021: €11k
2022: €25k▲ +123% vs 2021highest in 5 years
2023: €1k▼ -94.6% vs 2022
2024: €-10k▼ -817% vs 2023lowest in 5 years
2025: €-3k▲ +70.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€11k ▲ 695%
Current assets
€122k ▼ 1.9%
Equity and liabilities €133k
Equity
€39k ▼ 6.9%
Debt
€94k ▲ 12.4%
Debt's share of the balance-sheet total rises from 66.5% to 70.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▲
2024 · €-5k
Cash flow
€348▲
2024 · €-8k
Current ratio
1.44▼
2024 · 1.78
Quick ratio
0.73▼
2024 · 0.80
Debt to equity
2.40▲
2024 · 1.99
ROE
-7.4%▲
2024 · -23.2%
ROA
-2.2%▲
2024 · -7.8%
Interest coverage
0.84▲
2024 · -1.44
Debt ≤ 1 year
€84k▲
2024 · €70k
Debt > 1 year
€8k▼
2024 · €14k
Income taxes
€123
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€126k€133k▲
Fixed assets21/28€1k€11k▲
Tangible fixed assets22/27€1k€11k▲
Plant, machinery and equipment23€1k-
Furniture and vehicles24-€11k
Current assets29/58€124k€122k▼
Stocks and contracts in progress3€69k€61k▼
Stocks30/36€69k€61k▼
Amounts receivable within one year40/41€21k€26k▲
Trade receivables40€7k€3k▼
Other amounts receivable41€14k€23k▲
Cash at bank and in hand54/58€33k€34k▲
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€126k€133k▲
Equity10/15€42k€39k▼
Contributions10/11€20k€20k=
Reserves13€16k€16k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€6k€3k▼
Amounts payable17/49€84k€94k▲
Amounts payable after more than one year17€14k€8k▼
Financial debts170/4€14k€8k▼
Amounts payable within one year42/48€70k€84k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€8k€23k▲
Suppliers440/4€8k€23k▲
Taxes, remuneration and social security45€7k€7k▼
Taxes450/3€7k€7k▼
Accrued charges and deferred income492/3€291€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-3k€8k▲
Operating profit (loss)9901€-7k€3k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€-10k€-3k▲
Income taxes67/77-€123
Profit (loss) for the period9904€-10k€-3k▲
Profit (loss) for the period to be appropriated9905€-10k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€3k▼
Profit (loss) brought forward from the previous period14P€16k€6k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €2k | €2k | €3k | ▲ 66.0% |
| Other operating charges640/8 | €1k | €2k | €3k | €2k | €2k | ▼ 14.7% |
| Gross operating margin9900 | €24k | €40k | €11k | €-3k | €8k | ▲ 333% |
| Operating profit (loss)9901 | €20k | €36k | €7k | €-7k | €3k | ▲ 137% |
| Financial income75/76B | - | - | €352 | €1k | €2k | ▲ 13.8% |
| Recurring financial income75 | - | - | €352 | €1k | €2k | ▲ 13.8% |
| Financial charges65/66B | €4k | €4k | €4k | €4k | €7k | ▲ 89.9% |
| Recurring financial charges65 | €4k | €4k | €4k | €4k | €7k | ▲ 89.9% |
| Profit (loss) for the period before taxes9903 | €16k | €32k | €3k | €-10k | €-3k | ▲ 71.5% |
| Income taxes67/77 | €5k | €7k | €2k | - | €123 | - |
| Profit (loss) for the period9904 | €11k | €25k | €1k | €-10k | €-3k | ▲ 70.2% |
| Profit (loss) for the period to be appropriated9905 | €11k | €25k | €1k | €-10k | €-3k | ▲ 70.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151k | €174k | €146k | €126k | €133k | ▲ 5.9% |
| Fixed assets21/28 | €7k | €5k | €3k | €1k | €11k | ▲ 695% |
| Tangible fixed assets22/27 | €7k | €5k | €3k | €1k | €11k | ▲ 695% |
| Plant, machinery and equipment23 | €7k | €5k | €3k | €1k | - | - |
| Furniture and vehicles24 | - | - | - | - | €11k | - |
| Current assets29/58 | €144k | €168k | €142k | €124k | €122k | ▼ 1.9% |
| Stocks and contracts in progress3 | €54k | €110k | €73k | €69k | €61k | ▼ 11.9% |
| Stocks30/36 | €54k | €110k | €73k | €69k | €61k | ▼ 11.9% |
| Amounts receivable within one year40/41 | €16k | €4k | €7k | €21k | €26k | ▲ 26.6% |
| Trade receivables40 | €16k | €3k | €5k | €7k | €3k | ▼ 53.9% |
| Other amounts receivable41 | - | €6 | €1k | €14k | €23k | ▲ 68.7% |
| Cash at bank and in hand54/58 | €63k | €47k | €58k | €33k | €34k | ▲ 1.0% |
| Deferred charges and accrued income490/1 | €10k | €8k | €4k | €1k | €1k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151k | €174k | €146k | €126k | €133k | ▲ 5.9% |
| Equity10/15 | €35k | €50k | €52k | €42k | €39k | ▼ 6.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €16k | €16k | €16k | €16k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €14k | €14k | €14k | €14k | = |
| Profit (loss) carried forward14 | €13k | €14k | €16k | €6k | €3k | ▼ 47.9% |
| Amounts payable17/49 | €116k | €123k | €94k | €84k | €94k | ▲ 12.4% |
| Amounts payable after more than one year17 | €4k | - | €18k | €14k | €8k | ▼ 37.5% |
| Financial debts170/4 | €4k | - | €18k | €14k | €8k | ▼ 37.5% |
| Amounts payable within one year42/48 | €112k | €123k | €75k | €70k | €84k | ▲ 21.0% |
| Current portion of amounts payable after more than one year42 | €5k | €4k | €5k | €5k | €5k | ▲ 4.0% |
| Financial debts43 | €50k | €50k | €50k | €50k | €50k | = |
| Credit institutions430/8 | €50k | €50k | €50k | €50k | €50k | = |
| Trade debts44 | €27k | €15k | €11k | €8k | €23k | ▲ 184% |
| Suppliers440/4 | €27k | €15k | €11k | €8k | €23k | ▲ 184% |
| Taxes, remuneration and social security45 | €23k | €14k | €9k | €7k | €7k | ▼ 4.7% |
| Taxes450/3 | €21k | €13k | €9k | €7k | €7k | ▼ 4.7% |
| Remuneration and social security454/9 | €2k | €1k | - | - | - | - |
| Other amounts payable47/48 | €6k | €39k | - | - | - | - |
| Accrued charges and deferred income492/3 | €261 | €261 | €288 | €291 | €1k | ▲ 258% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €25k | €1k | €-10k | €-3k | ▲ 70.2% |
| + Depreciation and write-downs630 | €3k | €2k | €2k | €2k | €3k | ▲ 66.0% |
| Operating cash flow (approximation) | €14k | €27k | €3k | €-8k | €348 | ▲ 104% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-13k | - |
| Change in cash | - | €-17k | €12k | €-25k | €337 | ▲ 101% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €25k ▲123%
Operating result €36k, net result €25k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Rendeux · 1 establishment unit since 2007
Ground area
3,649 m²
Building footprint
373 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
VILLAGE DE VACANCES LA BOVERIE
since 20072.163.873.723
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83027D0216/00G000 | Wallonia | 3,285 m² | 1 · 159 m² | - |
| 83044C0378/00D000 | Wallonia | 364 m² | 1 · 214 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 122 companies in sector 55202 we hold annual accounts for 81. 26 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
Founded29-06-2007
Fiscal year end30-09
Activities, NACEBEL 2025
55202Accommodation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Contact
Phone
084/478029Rendeux
Fax
084/477222Rendeux
Scores and ratios are computed by Checked and are not a credit decision.