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LMServices

Active
Private limited company (pre-2019)founded 201511 yrs activeZaterdagplein 1, 1000 Brussel, BelgiumKBO/BCE: BE 0637.841.613
Summary

LMServices has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,049 and a net result of -€23,050. Equity is shrinking by ~21.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 31% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-26
Solvency57▼-31
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.62 against 3.26 in 2024; short-term debt: 61.6% and cash: 53.4% of total assets), but 68.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
31.6%
Return on assets
-26%
Age of the figures
9 mo
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€23,050
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
81 d early
2024
11 d late
2023
on the day
2022
35 d early
2021
45 d early
2020
44 d early
2019
74 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 26 June (5 of the last 5 filed years within 46 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LMServices was incorporated on 17 September 2015.1 Total assets fell from EUR 407,295 in 2018 to EUR 88,696 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€28,049▼ 72.3%
2024 · €101,099
Total assets
€88,696▼ 44.6%
2024 · €160,139
Net result
-€23,050▼ 217%
2024 · -€7,274
Working capital
€34,049▼ 65.8%
2024 · €99,592
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 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€56,717▼ 10.2%€33,058▼ 41.7%€5,017▼ 84.8%-€3,958-€20,536▼ 419%
Net result€39,754within the sector's middle half▼ 15.4%€21,193within the sector's middle half▼ 46.7%-€307below the sector's middle half-€7,274below the sector's middle half▼ 2,266%-€23,050below the sector's middle half▼ 217%
Equity€250,487above the sector's middle half▲ 26.3%€171,680within the sector's middle half▼ 31.5%€139,872within the sector's middle half▼ 18.5%€101,099within the sector's middle half▼ 27.7%€28,049within the sector's middle half▼ 72.3%
Total assets€268,324within the sector's middle half▼ 29.5%€288,698within the sector's middle half▲ 7.6%€225,864within the sector's middle half▼ 21.8%€160,139within the sector's middle half▼ 29.1%€88,696within the sector's middle half▼ 44.6%
Debt€17,837▼ 90.2%€117,018▲ 556%€85,992▼ 26.5%€54,040▼ 37.2%€54,647▲ 1.1%
Working capital€233,933above the sector's middle half▲ 29.0%€155,125above the sector's middle half▼ 33.7%€173,366above the sector's middle half▲ 11.8%€99,592within the sector's middle half▼ 42.6%€34,049within the sector's middle half▼ 65.8%
Solvency93.4%above the sector's middle half▲ 41.2pp59.5%within the sector's middle half▼ 33.9pp61.9%within the sector's middle half▲ 2.5pp63.1%within the sector's middle half▲ 1.2pp31.6%within the sector's middle half▼ 31.5pp
Current ratio14.12above the sector's middle half▲ 12.122.33within the sector's middle half▼ 11.795.82above the sector's middle half▲ 3.503.26within the sector's middle half▼ 2.561.62within the sector's middle half▼ 1.64
Return on assets (ROA)14.8%within the sector's middle half▲ 2.5pp7.3%within the sector's middle half▼ 7.5pp-0.1%below the sector's middle half▼ 7.5pp-4.5%below the sector's middle half▼ 4.4pp-26.0%below the sector's middle half▼ 21.4pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
-€40,000-€20,000€0€20,000€40,000€60,000Operating result 2021: €56,717€56,717Net result 2021: €39,754€39,754Operating result 2022: €33,058€33,058Net result 2022: €21,193€21,193Operating result 2023: €5,017€5,017Net result 2023: -€307-€307Operating result 2024: -€3,958-€3,958Net result 2024: -€7,274-€7,274Operating result 2025: -€20,536-€20,536Net result 2025: -€23,050-€23,05020212022202320242025-€30,000-€20,000-€10,000€0€10,000Operating result 2023: €5,017€5,020Net result 2023: -€307-€307Operating result 2024: -€3,958-€3,960Net result 2024: -€7,274-€7,270Operating result 2025: -€20,536-€20,500Net result 2025: -€23,050-€23,000202320242025
The operating result stays negative: a loss of €20,536 in 2025 against €3,958 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €88,696
Equity €28,049 ▼ 72.3%
Provisions €6,000 ▲ 20.0%
Debt €54,647 ▲ 1.1%
Debt's share of the balance-sheet total rises from 33.7% to 61.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
1.95▲
2024 · 0.53
ROE
-82.2%▼
2024 · -7.2%
Debt ≤ 1 year
€54,647▲
2024 · €43,992
Income taxes
€1,029▼
2024 · €2,884
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.0% went bankrupt
9.8% stopped otherwise
88% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 4,805 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€160,139€88,696▼
Fixed assets21/28€16,555-
Tangible fixed assets22/27€15,055-
Other tangible fixed assets26€15,055-
Financial fixed assets28€1,500-
Current assets29/58€143,584€88,696▼
Amounts receivable within one year40/41€35,984€41,315▲
Trade receivables40€5,294€229▼
Other amounts receivable41€30,690€41,086▲
Cash at bank and in hand54/58€102,290€47,382▼
Deferred charges and accrued income490/1€5,310-
Equity and liabilities
Total equity and liabilities10/49€160,139€88,696▼
Equity10/15€101,099€28,049▼
Contributions10/11€18,550€18,550=
Reserves13€1,855€1,855=
Non-distributable reserves130/1€1,855€1,855=
Reserves not available under the articles1311€1,855€1,855=
Profit (loss) carried forward14€80,694€7,644▼
Provisions and deferred taxes16€5,000€6,000▲
Provisions for liabilities and charges160/5€5,000€6,000▲
Other liabilities and charges164/5€5,000€6,000▲
Amounts payable17/49€54,040€54,647▲
Amounts payable within one year42/48€43,992€54,647▲
Trade debts44€9,608€1,588▼
Suppliers440/4€9,608€1,588▼
Taxes, remuneration and social security45€2,884€3,059▲
Taxes450/3€2,884€3,059▲
Other amounts payable47/48€31,500€50,000▲
Accrued charges and deferred income492/3€10,048-
Income statement Code20242025
Provisions for liabilities and charges: additions (uses and reversals)635/8€5,000€1,000▼
Other operating charges640/8€894€881▼
Gross operating margin9900€1,936-€18,655▼
Operating profit (loss)9901-€3,958-€20,536▼
Financial income75/76B€785-
Recurring financial income75€785-
Financial charges65/66B€1,217€1,485▲
Recurring financial charges65€1,217€1,485▲
Profit (loss) for the period before taxes9903-€4,390-€22,021▼
Income taxes67/77€2,884€1,029▼
Profit (loss) for the period9904-€7,274-€23,050▼
Profit (loss) for the period to be appropriated9905-€7,274-€23,050▼
Appropriation of the result
Profit (loss) to be appropriated9906€112,194€57,644▼
Profit (loss) brought forward from the previous period14P€119,467€80,694▼
Profit to be distributed694/7€31,500€50,000▲
Return on contributions (dividend)694€31,500€50,000▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€537-----
Provisions for liabilities and charges: additions (uses and reversals)635/8---€5,000€1,000▼ 80.0%
Other operating charges640/8€348€5,744€909€894€881▼ 1.5%
Gross operating margin9900€57,602€38,802€5,926€1,936-€18,655▼ 1,063%
Operating profit (loss)9901€56,717€33,058€5,017-€3,958-€20,536▼ 419%
Financial income75/76B€3,900€3,540€1,399€785--
Recurring financial income75€3,900€3,540€1,399€785--
Financial charges65/66B€1,491€1,563€1,474€1,217€1,485▲ 22.0%
Recurring financial charges65€1,491€1,563€1,474€1,217€1,485▲ 22.0%
Profit (loss) for the period before taxes9903€59,126€35,035€4,942-€4,390-€22,021▼ 402%
Income taxes67/77€19,372€13,843€5,250€2,884€1,029▼ 64.3%
Profit (loss) for the period9904€39,754€21,193-€307-€7,274-€23,050▼ 217%
Profit (loss) for the period to be appropriated9905€39,754€21,193-€307-€7,274-€23,050▼ 217%
Line20212022202320242025Change
Assets
Total assets20/58€268,324€288,698€225,864€160,139€88,696▼ 44.6%
Fixed assets21/28€16,555€16,555€16,555€16,555--
Tangible fixed assets22/27€15,055€15,055€15,055€15,055--
Other tangible fixed assets26€15,055€15,055€15,055€15,055--
Financial fixed assets28€1,500€1,500€1,500€1,500--
Current assets29/58€251,769€272,143€209,310€143,584€88,696▼ 38.2%
Amounts receivable after more than one year29€135,000€53,510----
Other amounts receivable291€135,000€53,510----
Amounts receivable within one year40/41€6,051€96,031€65,784€35,984€41,315▲ 14.8%
Trade receivables40€91€9,031€5,294€5,294€229▼ 95.7%
Other amounts receivable41€5,960€87,000€60,490€30,690€41,086▲ 33.9%
Cash at bank and in hand54/58€98,820€112,803€134,568€102,290€47,382▼ 53.7%
Deferred charges and accrued income490/1€11,899€9,799€8,958€5,310--
Equity and liabilities
Total equity and liabilities10/49€268,324€288,698€225,864€160,139€88,696▼ 44.6%
Equity10/15€250,487€171,680€139,872€101,099€28,049▼ 72.3%
Contributions10/11€18,550€18,550€18,550€18,550€18,550=
Reserves13€1,855€1,855€1,855€1,855€1,855=
Non-distributable reserves130/1€1,855€1,855€1,855€1,855€1,855=
Reserves not available under the articles1311€1,855€1,855€1,855€1,855€1,855=
Profit (loss) carried forward14€230,082€151,275€119,467€80,694€7,644▼ 90.5%
Provisions and deferred taxes16---€5,000€6,000▲ 20.0%
Provisions for liabilities and charges160/5---€5,000€6,000▲ 20.0%
Other liabilities and charges164/5---€5,000€6,000▲ 20.0%
Amounts payable17/49€17,837€117,018€85,992€54,040€54,647▲ 1.1%
Amounts payable within one year42/48€17,837€117,018€35,944€43,992€54,647▲ 24.2%
Trade debts44€4,049€5,045€1,404€9,608€1,588▼ 83.5%
Suppliers440/4€4,049€5,045€1,404€9,608€1,588▼ 83.5%
Taxes, remuneration and social security45€13,321€9,458-€2,884€3,059▲ 6.1%
Taxes450/3€13,321€9,458-€2,884€3,059▲ 6.1%
Other amounts payable47/48€467€102,516€34,540€31,500€50,000▲ 58.7%
Accrued charges and deferred income492/3--€50,048€10,048--
Line20212022202320242025Change
Profit (loss) for the period9904€39,754€21,193-€307-€7,274-€23,050▼ 217%
+ Depreciation and write-downs630€537-----
Operating cash flow (approximation)€40,291€21,193-€307-€7,274-€23,050▼ 217%
Investment in fixed assets (approximation)-€0€0€0--
Change in cash-€13,984€21,764-€32,278-€54,908▼ 70.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
11-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€23,050
Net result drops to -€23,050, the lowest in the series.
11-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity triplescurrent ratio 5.82
Current ratio from 2.33 to 5.82; short-term debt falls from €117,018 to €35,944.
26-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Liquidity times 7current ratio 14.12
Current ratio from 1.99 to 14.12; short-term debt falls from €182,296 to €17,837.
31-12
Financial Equity above €200,000Eq €250,487 ▲26.3%
4 profitable years in a row build equity to €250,487.
17-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Highest result since 2018net €46,980 ▲657%
Operating result €63,175, net result €46,980, both a record.
18-05
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial Liquidity times 21current ratio 81.34
Current ratio from 3.82 to 81.34; short-term debt falls from €101,601 to €3,659.
20-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
9,108 m²
Building footprint
7,235 m²
Volume, LiDAR
283,145 m³
2 parcels, Brussels · tallest building 73.1 m, ±15 floors. Linked by address, not a title deed.
17 companies at this address See who is registered here
1 establishment unit
Bisschopsstraat 26, 1000 Brussel
Business consulting
since 20152.245.984.322
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21802B0487/00H000 Brussels 7,877 m² 1 · 6,512 m² 73.1 m · 15 fl.
21812N0562/00K000 Brussels 1,230 m² 1 · 723 m² 21.1 m · 6 fl.
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.

Similar companies · same sector, comparable size

Of 82,601 companies in this sector we hold annual accounts for 52,629. 33,910 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 (pre-2019)
Founded17-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Not found in the Peppol register

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.