LORIMO
ActiveSummary
LORIMO has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €368,385 and a net result of €6,432. Equity has been growing by about 2.9% per year since 2019. Its solvency ranks better than 33% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-05-1990 Normal situation
- Activity
- Agents in non-specialised wholesale trade NACE 46190and 1 other
- Establishment unit
- 2.049.153.605 8800 Roeselare, since 11-07-1990
- Financial year end
- 30 September
- Peppol
- Reachable since 18-09-2025
Board and ownership
- Francisca MoermanDirector · since 16-06-2017
- Wilfried LoriesDirector · since 16-06-2017
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €114,174
- ▼ 3.4%
- Turnover
- ≈ €430,000
- estimated
- Profit
- €6,432
- ▼ 27.9%
- Equity
- €368,385
- ▲ 1.8%
- Total assets
- €2.0m
- ▲ 14.5%
Score breakdownraises riskEquity €368,385 (18.9% of total assets)lowers riskSize: total assets €2.0mFounded in 1990Figures for financial year 2025 (filed on 17-04-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 30% of them on solvency, 55% on liquidity, 52% on profitability and 47% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-04-2026 PDF all 34 filings
Every figure per financial year
The operating result for 2025 is 29% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €65,332 | €9,036 | €1,229 | €10,488 |
| Depreciation and write-downs of the year | €93,521 | €93,754 | €86,903 | €85,771 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84,481 | €84,918 | €84,909 | €93,521 | €93,754 | €86,903 | €85,771 | ▼ 1.3% |
| Other operating charges640/8 | - | - | - | €17,391 | €18,456 | €19,452 | €20,086 | ▲ 3.3% |
| Gross operating margin9900 | €108,202 | €124,201 | €127,015 | €126,642 | €123,469 | €118,149 | €114,174 | ▼ 3.4% |
| Operating profit (loss)9901 | €11,572 | €22,527 | €25,117 | €15,729 | €11,258 | €11,794 | €8,317 | ▼ 29.5% |
| Financial income75/76B | - | - | - | €2 | - | - | €0 | - |
| Recurring financial income75 | €4,471 | - | €3 | €2 | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €5,355 | €3,956 | €2,702 | €1,706 | ▼ 36.8% |
| Recurring financial charges65 | €9,350 | €7,978 | €6,692 | €5,355 | €3,956 | €2,702 | €1,706 | ▼ 36.8% |
| Profit (loss) for the period before taxes9903 | €6,693 | €14,548 | €18,427 | €10,376 | €7,302 | €9,093 | €6,610 | ▼ 27.3% |
| Income taxes67/77 | €337 | €328 | €290 | €229 | €185 | €173 | €178 | ▲ 2.8% |
| Profit (loss) for the period9904 | €6,356 | €14,221 | €18,138 | €10,148 | €7,117 | €8,919 | €6,432 | ▼ 27.9% |
| Profit (loss) for the period to be appropriated9905 | €6,356 | €14,221 | €18,138 | €10,148 | €7,117 | €8,919 | €6,432 | ▼ 27.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.1m | €2.0m | €1.9m | €1.9m | €1.8m | €1.7m | €2.0m | ▲ 14.5% |
| Fixed assets21/28 | €2.0m | €2.0m | €1.9m | €1.9m | €1.8m | €1.7m | €1.6m | ▼ 4.5% |
| Tangible fixed assets22/27 | €2.0m | €2.0m | €1.9m | €1.9m | €1.8m | €1.7m | €1.6m | ▼ 4.5% |
| Land and buildings22 | - | - | - | €1.8m | €1.7m | €1.7m | €1.6m | ▼ 3.9% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.03m | €0.02m | €0.01m | ▼ 45.0% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €0.01m | €0.03m | €0.03m | €0.01m | €0.02m | €0.02m | €0.3m | ▲ 15× |
| Cash at bank and in hand54/58 | €0.004m | €0.02m | €0.02m | €0.005m | €0.008m | €0.01m | €0.3m | ▲ 23× |
| Deferred charges and accrued income490/1 | - | - | - | €0.008m | €0.009m | €0.008m | €0.008m | ▼ 0.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €1.9m | €1.9m | €1.8m | €1.7m | €2.0m | ▲ 14.5% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 1.8% |
| Contributions10/11 | €0.4m | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.09m | -€0.08m | -€0.07m | -€0.06m | -€0.05m | -€0.04m | ▲ 12.8% |
| Amounts payable17/49 | €1.7m | €1.7m | €1.6m | €1.5m | €1.4m | €1.3m | €1.6m | ▲ 17.9% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.7m | ▲ 77.5% |
| Financial debts170/4 | - | - | - | €0.1m | €0.08m | €0.03m | €0.4m | ▲ 12× |
| Other amounts payable178/9 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Amounts payable within one year42/48 | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | €0.9m | €0.8m | ▼ 9.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.05m | €0.03m | ▼ 44.6% |
| Trade debts44 | €0.009m | €0.02m | €0.001m | €0.002m | €0.002m | €0.002m | €0.02m | ▲ 863% |
| Suppliers440/4 | - | - | - | €0.002m | €0.002m | €0.002m | €0.02m | ▲ 863% |
| Taxes, remuneration and social security45 | - | - | - | €229 | €185 | €173 | €178 | ▲ 2.8% |
| Taxes450/3 | - | - | - | €229 | €185 | €173 | €178 | ▲ 2.8% |
| Other amounts payable47/48 | - | - | - | €0.9m | €0.9m | €0.9m | €0.8m | ▼ 9.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.006m | €0.006m | €0.005m | ▼ 23.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,356 | €14,221 | €18,138 | €10,148 | €7,117 | €8,919 | €6,432 | ▼ 27.9% |
| + Depreciation and write-downs630 | €84,481 | €84,918 | €84,909 | €93,521 | €93,754 | €86,903 | €85,771 | ▼ 1.3% |
| Operating cash flow (approximation) | €90,836 | €99,139 | €103,047 | €103,669 | €100,871 | €95,822 | €92,203 | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | -€9,371 | €0 | -€65,332 | -€9,036 | -€1,229 | -€10,488 | ▼ 753% |
| Change in cash | - | €20,424 | -€4,395 | -€14,731 | €3,331 | €6,231 | €322,193 | ▲ 52× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as LORIMO has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of LORIMO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for LORIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 17-04-2026 | 2026-00081571 | |
| 30-09-2024 | micro format | 24-03-2025 | 2025-00052892 | |
| 30-09-2023 | micro format | 29-03-2024 | 2024-00054386 | |
| 30-09-2022 | micro format | 31-03-2023 | 2023-00050889 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09800506 | |
| 30-09-2020 | micro format | 09-04-2021 | 2021-10000577 | |
| 30-09-2019 | micro format | 24-04-2020 | 2020-09800020 | |
| 30-09-2018 | micro format | 28-03-2019 | 2019-08400132 | |
| 30-09-2017 | micro format | 30-03-2018 | 2018-08700459 | |
| 30-09-2016 | abbreviated format | 24-04-2017 | 2017-09900043 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 18-07-2023 Converted to unavailable equity · €412,150
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Francisca Moerman |
|
| Wilfried Lories |
|
Articles of association
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Inbreng in geld met uitgifte nieuwe aandelen–recht van voorkeur, ten minste vijftien dagen te rekenen van dag openstelling intekening”
Articles of association, deed of 18-07-2023 (in Dutch)
Network & group
LORIMO shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of LORIMO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-07
Gazette deed
2 directors resigning, 2 reappointedResignations: Wilfried Lories (statutory manager) and Francisca Moerman (statutory manager) · Reappointments: Wilfried Lories (statutory director) and Francisca Moerman (statutory director) · Amendment of the articles13 points ▸
- General meeting, 10-07-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, middelen beschikbaar voor uitkering” (deed in Dutch)
- Director resignation, Wilfried Lories (statutory manager)
- Director resignation, Francisca Moerman (statutory manager)
- Director reappointment, Wilfried Lories (statutory director)
- Director reappointment, Francisca Moerman (statutory director)
- Other provision, “kwijting ontslagnemende zaakvoerder, te beslissen door algemene vergadering” (deed in Dutch)
- Board composition, Wilfried Lories (statutory director)
- Board composition, Francisca Moerman (statutory director)
- Registered office clause, “Zuidstraat 60/4”, 8800 (deed in Dutch)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36502B0281/00B000 | Flanders | 428 m² | 1 · 232 m² | 20.1 m · 4 |