Limited partnership · founded 2004 · active for 22 yearsMonseigneur De Haernelaan(Kor) 54, 8500 Kortrijk, BelgiumKBO/BCE: BE 0863.890.611
Summary
LOMARTO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2009 annual accounts show equity of €391,292 and a net result of €73,449. Equity is growing by about 19% per year across the filed financial years. The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Accounts 5552 days overdue0 of 7 deeds read
SignalsneutralNo filing for yearsFiled after the deadlineShow the evidence
Checked score
Outside the general model
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
31-12-2010 year end31-07-2011 deadline12-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2009 was due by 31-07-2010 and was filed on 27-08-2010, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.