LMT
ActiveSummary
LMT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €299,452 and a net result of €91,127. Equity is growing by ~65.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 8085 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency30▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.65 in 2024; short-term debt: 5.1% and cash: 3% of total assets), and 94.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.3%
Return on assets
1.6%
Age of the figures
15 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8085 sector peers (2025).
NBB · sector comparisonPosition among 8085 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
3 d early
2023
56 d early
2022
12 d early
2021
5 d early
2020
45 d early
2019
42 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 26 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€299,452▲ 43.7%
2024 · €208,325
Total assets
€5.7m▲ 84.4%
2024 · €3.1m
Net result
€91,127▲ 17.9%
2024 · €77,270
Working capital
-€92,247▼ 70.5%
2024 · -€54,111
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
Line20212022202320242025
Operating result€1,809▼ 29.3%€112,598▲ 6,124%€88,686▼ 21.2%€109,869▲ 23.9%€148,590▲ 35.2%
Net result-€8,904▼ 841%€72,713€51,561▼ 29.1%€77,270▲ 49.9%€91,127▲ 17.9%
Equity€6,781▼ 56.8%€79,494▲ 1,072%€131,055▲ 64.9%€208,325▲ 59.0%€299,452▲ 43.7%
Total assets€1.6m▲ 85.9%€1.6m▲ 0.5%€2.0m▲ 21.4%€3.1m▲ 54.2%€5.7m▲ 84.4%
Debt€1.6m▲ 88.5%€1.6m▼ 3.9%€1.9m▲ 19.2%€2.9m▲ 53.9%€5.4m▲ 87.3%
Working capital€8,639▼ 76.5%-€15,375-€10,597▲ 31.1%-€54,111▼ 411%-€92,247▼ 70.5%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€5.5m ▲ 83.8%
Current assets
€199,185 ▲ 102%
Equity and liabilities €5.7m
Equity
€299,452 ▲ 43.7%
Debt
€5.4m ▲ 87.3%
Debt's share of the balance-sheet total rises from 93.2% to 94.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€382,547▲
2024 · €180,661
Cash flow
€325,083▲
2024 · €148,063
Current ratio
0.68▲
2024 · 0.65
Debt to equity
17.97▲
2024 · 13.79
ROE
30.4%▼
2024 · 37.1%
ROA
1.6%▼
2024 · 2.5%
Interest coverage
7.49▲
2024 · 6.89
Debt ≤ 1 year
€291,432▲
2024 · €152,813
Debt > 1 year
€5.1m▲
2024 · €2.7m
Income taxes
€9,110▲
2024 · €7,727
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,443 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €138,592 | €42,144 | €41,521 | €70,792 | €233,956 | ▲ 230% |
| Other operating charges640/8 | - | €7,899 | €148 | €4,474 | €4,661 | ▲ 4.2% |
| Gross operating margin9900 | €140,510 | €162,641 | €130,355 | €185,135 | €387,208 | ▲ 109% |
| Operating profit (loss)9901 | €1,809 | €112,598 | €88,686 | €109,869 | €148,590 | ▲ 35.2% |
| Financial income75/76B | - | €27 | €0 | €1,360 | €2,715 | ▲ 99.6% |
| Recurring financial income75 | - | €27 | €0 | €1,360 | €2,715 | ▲ 99.6% |
| Financial charges65/66B | - | €16,188 | €24,099 | €26,232 | €51,068 | ▲ 94.7% |
| Recurring financial charges65 | €10,713 | €16,188 | €24,099 | €26,232 | €51,068 | ▲ 94.7% |
| Profit (loss) for the period before taxes9903 | -€8,904 | €96,436 | €64,587 | €84,997 | €100,237 | ▲ 17.9% |
| Income taxes67/77 | - | €23,723 | €13,026 | €7,727 | €9,110 | ▲ 17.9% |
| Profit (loss) for the period9904 | -€8,904 | €72,713 | €51,561 | €77,270 | €91,127 | ▲ 17.9% |
| Profit (loss) for the period to be appropriated9905 | -€8,904 | €72,713 | €51,561 | €77,270 | €91,127 | ▲ 17.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €2.0m | €3.1m | €5.7m | ▲ 84.4% |
| Fixed assets21/28 | €1.5m | €1.6m | €1.9m | €3.0m | €5.5m | ▲ 83.8% |
| Intangible fixed assets21 | €35,000 | €15,000 | €0 | - | €964,187 | - |
| Tangible fixed assets22/27 | €1.5m | €1.5m | €1.9m | €3.0m | €4.5m | ▲ 51.5% |
| Land and buildings22 | - | €1.5m | €1.9m | €3.0m | €4.5m | ▲ 51.5% |
| Other tangible fixed assets26 | - | €4,023 | €2,952 | €1,882 | €1,411 | ▼ 25.0% |
| Current assets29/58 | €97,736 | €84,304 | €64,755 | €98,701 | €199,185 | ▲ 102% |
| Amounts receivable within one year40/41 | - | €5,919 | €17,223 | €5,500 | €26,675 | ▲ 385% |
| Trade receivables40 | - | €4,509 | €0 | - | €21,175 | - |
| Other amounts receivable41 | - | €1,410 | €17,223 | €5,500 | €5,500 | = |
| Cash at bank and in hand54/58 | €97,307 | €77,852 | €40,790 | €88,773 | €167,910 | ▲ 89.1% |
| Deferred charges and accrued income490/1 | - | €533 | €6,742 | €4,428 | €4,600 | ▲ 3.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €2.0m | €3.1m | €5.7m | ▲ 84.4% |
| Equity10/15 | €6,781 | €79,494 | €131,055 | €208,325 | €299,452 | ▲ 43.7% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | €72,712 | €124,272 | €201,542 | €292,642 | ▲ 45.2% |
| Distributable reserves133 | - | €72,712 | €124,272 | €201,542 | €292,642 | ▲ 45.2% |
| Profit (loss) carried forward14 | -€13,219 | -€13,218 | -€13,217 | -€13,217 | -€13,190 | ▲ 0.2% |
| Amounts payable17/49 | €1.6m | €1.6m | €1.9m | €2.9m | €5.4m | ▲ 87.3% |
| Amounts payable after more than one year17 | €1.5m | €1.5m | €1.8m | €2.7m | €5.1m | ▲ 87.3% |
| Financial debts170/4 | - | €1.5m | €1.8m | €2.7m | €5.1m | ▲ 87.3% |
| Amounts payable within one year42/48 | €89,098 | €99,680 | €75,353 | €152,813 | €291,432 | ▲ 90.7% |
| Current portion of amounts payable after more than one year42 | - | €74,506 | €75,234 | €112,117 | €217,496 | ▲ 94.0% |
| Trade debts44 | €12,663 | €1,450 | €119 | €18,486 | €35,564 | ▲ 92.4% |
| Suppliers440/4 | - | €1,450 | €119 | €18,486 | €35,564 | ▲ 92.4% |
| Taxes, remuneration and social security45 | - | €23,723 | €0 | €22,209 | €38,372 | ▲ 72.8% |
| Taxes450/3 | - | €23,723 | €0 | €22,209 | €38,372 | ▲ 72.8% |
| Accrued charges and deferred income492/3 | - | €2,611 | €2,833 | €2,972 | €731 | ▼ 75.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,904 | €72,713 | €51,561 | €77,270 | €91,127 | ▲ 17.9% |
| + Depreciation and write-downs630 | €138,592 | €42,144 | €41,521 | €70,792 | €233,956 | ▲ 230% |
| Operating cash flow (approximation) | €129,688 | €114,857 | €93,082 | €148,063 | €325,083 | ▲ 120% |
| Investment in fixed assets (approximation) | - | -€64,408 | -€413,292 | -€1.1m | -€2.7m | ▼ 144% |
| Change in cash | - | -€19,454 | -€37,062 | €47,983 | €79,137 | ▲ 64.9% |
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
Next filing, fiscal year 2026, expected by
2026
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €91,127 ▲17.9%
Operating result €148,590, net result €91,127, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €200,000Eq €208,325 ▲59%
3 profitable years in a row build equity to €208,325.
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €100,000Eq €131,055 ▲64.9%
2 profitable years in a row build equity to €131,055.
19-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €72,713
Net result €72,713 after 3 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet -€8,904
Net result drops to -€8,904, the lowest in the series; recovery starts the following year.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2013
Ground area
1,140 m²
Building footprint
226 m²
Volume, LiDAR
1,574 m³
Parcel 34026A0597/00F000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LMT
since 20132.219.165.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0597/00F000 | Flanders | 1,140 m² | 1 · 226 m² | 10.3 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.
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Of 1,902 companies in sector 46460 we hold annual accounts for 1,116. 728 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
Founded25-04-2013
Fiscal year end30-06
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
Scores and ratios are computed by Checked and are not a credit decision.