LNM (0759.883.152): financials and annual accounts

LNM

Ghent ·KBO/BCE: BE 0759.883.152

Line	2025	2024	2023	2022	2021
Balance sheet: assets
Total assets`20/58`	110,266	110,007	85,589	56,001	22,005
Fixed assets`21/28`	-	2,500	-	-	-
Tangible fixed assets`22/27`	-	2,500	-	-	-
Furniture and vehicles`24`	-	2,500	-	-	-
Current assets`29/58`	110,266	107,507	85,589	56,001	22,005
Amounts receivable within one year`40/41`	8,235	9,497	10,607	8,314	4,912
Trade receivables`40`	8,235	9,497	10,607	8,314	4,912
Cash at bank and in hand`54/58`	102,031	97,797	74,983	47,687	17,093
Deferred charges and accrued income`490/1`	-	213	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	110,266	110,007	85,589	56,001	22,005
Equity`10/15`	23,035	86,626	63,090	36,845	11,672
Contributions`10/11`	2,000	2,000	2,000	2,000	2,000
Reserves`13`	21,035	84,626	61,090	34,845	9,672
Distributable reserves`133`	21,035	84,626	61,090	34,845	9,672
Amounts payable`17/49`	87,231	23,381	22,499	19,156	10,334
Amounts payable within one year`42/48`	87,231	23,381	22,499	19,156	10,334
Trade debts`44`	2,000	7,677	2,901	2,971	1,776
Suppliers`440/4`	2,000	7,677	2,901	471	276
Bills of exchange payable`441`	-	-	-	2,500	1,500
Taxes, remuneration and social security`45`	4,467	11,276	18,172	13,704	6,148
Taxes`450/3`	4,467	11,276	18,172	13,704	6,148
Other amounts payable`47/48`	80,764	4,428	1,426	2,482	2,410
Income statement
Gross operating margin`9900`	32,293	34,517	35,047	32,844	13,658
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,500	2,500	-	-	-
Other operating charges`640/8`	2,020	1,428	1,649	706	1,095
Operating profit (loss)`9901`	27,773	30,589	33,398	32,138	12,563
Financial income`75/76B`	-	122	65	188	0
Recurring financial income`75`	-	122	65	-	0
Non-recurring financial income`76B`	-	-	-	188	-
Financial charges`65/66B`	83	257	1	114	22
Recurring financial charges`65`	83	257	1	114	22
Profit (loss) for the period before taxes`9903`	27,690	30,454	33,462	32,212	12,541
Income taxes`67/77`	6,655	6,918	7,217	7,039	2,870
Profit (loss) for the period`9904`	21,035	23,536	26,245	25,173	9,672
Profit (loss) for the period to be appropriated`9905`	21,035	23,536	26,245	25,173	9,672
Appropriation of the result
Profit (loss) to be appropriated`9906`	21,035	23,536	26,245	25,173	9,672
Transfer from equity`791/2`	84,626	-	-	-	-
Transfer to equity`691/2`	21,035	23,536	26,245	25,173	9,672
To other reserves`6921`	21,035	23,536	26,245	25,173	9,672
Profit to be distributed`694/7`	84,626	-	-	-	-
Return on contributions (dividend)`694`	84,626	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	22-06-2026	2026-00182208	PDF
31-12-2024	micro format	20-06-2025	2025-00157715	PDF
31-12-2023	micro format	30-07-2024	2024-00302054	PDF
31-12-2022	micro format	08-06-2023	2023-00113656	PDF
31-12-2021	micro format	05-10-2022	2022-20451119	PDF

Year	Entries	Awarded	Paid
2024	1	€159	€159
2023	1	€129	€129
2022	1	€103	€103

Line	2025	2024	2023	2022	2021
EBITDA	30,273	33,089	-	-	-
Cash flow	23,535	26,036	-	-	-
Investment in fixed assets (approximation)	0	5,000	-	-	-
Change in cash	4,233	22,814	27,295	30,594	-
Working capital	23,035	84,126	63,090	36,845	11,672
Solvency	20.9%	78.7%	73.7%	65.8%	53.0%
Current ratio	1.26	4.60	3.80	2.92	2.13
Debt to equity	3.79	0.27	0.36	0.52	0.89
ROE	91.3%	27.2%	41.6%	68.3%	82.9%
ROA	19.1%	21.4%	30.7%	45.0%	44.0%
Interest coverage	over 100	over 100	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€5,000	-	-	-
Depreciation and write-downs of the year	€2,500	€2,500	-	-	-

LNM

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency20.9%

Current ratio1.26

Return on assets19.1%

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2024, 3 entries, €391 awarded, €391 paid

Key figures and ratios

Investments

Insights on LNM

Next steps