LOUMAX
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 21-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €23,250, larger than the loss of €6,526 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €28,607 | €23,613 |
| Depreciation and write-downs of the year | €1,125 | €6,748 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €665 awarded · €665 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €102 | €102 |
| 2024 | 1 | €563 | €563 |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,125 | €6,748 | ▲ 500% |
| Other operating charges640/8 | €31 | €155 | ▲ 400% |
| Gross operating margin9900 | -€5,370 | -€16,347 | ▼ 204% |
| Operating profit (loss)9901 | -€6,526 | -€23,250 | ▼ 256% |
| Financial income75/76B | €3 | - | - |
| Recurring financial income75 | €3 | - | - |
| Financial charges65/66B | €13 | €70 | ▲ 463% |
| Recurring financial charges65 | €13 | €70 | ▲ 463% |
| Profit (loss) for the period before taxes9903 | -€6,536 | -€23,321 | ▼ 257% |
| Profit (loss) for the period9904 | -€6,536 | -€23,321 | ▼ 257% |
| Profit (loss) for the period to be appropriated9905 | -€6,536 | -€23,321 | ▼ 257% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €41,880 | €55,076 | ▲ 31.5% |
| Fixed assets21/28 | €27,482 | €44,347 | ▲ 61.4% |
| Tangible fixed assets22/27 | €27,482 | €44,347 | ▲ 61.4% |
| Land and buildings22 | - | €20,229 | - |
| Plant, machinery and equipment23 | €5,374 | €6,191 | ▲ 15.2% |
| Furniture and vehicles24 | €22,108 | €17,927 | ▼ 18.9% |
| Current assets29/58 | €14,397 | €10,729 | ▼ 25.5% |
| Amounts receivable within one year40/41 | €5,842 | €1,638 | ▼ 72.0% |
| Trade receivables40 | - | €1,638 | - |
| Other amounts receivable41 | €5,842 | - | - |
| Cash at bank and in hand54/58 | €4,978 | €7,811 | ▲ 56.9% |
| Deferred charges and accrued income490/1 | €3,578 | €1,280 | ▼ 64.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €41,880 | €55,076 | ▲ 31.5% |
| Equity10/15 | -€1,536 | -€24,856 | ▼ 1,519% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€6,536 | -€29,856 | ▼ 357% |
| Amounts payable17/49 | €43,416 | €79,932 | ▲ 84.1% |
| Amounts payable within one year42/48 | €43,385 | €79,932 | ▲ 84.2% |
| Trade debts44 | €62 | €22 | ▼ 64.6% |
| Suppliers440/4 | €62 | €22 | ▼ 64.6% |
| Taxes, remuneration and social security45 | - | €11,663 | - |
| Taxes450/3 | - | €2,163 | - |
| Remuneration and social security454/9 | - | €9,500 | - |
| Other amounts payable47/48 | €43,323 | €68,248 | ▲ 57.5% |
| Accrued charges and deferred income492/3 | €31 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€6,536 | -€23,321 | ▼ 257% |
| + Depreciation and write-downs630 | €1,125 | €6,748 | ▲ 500% |
| Operating cash flow (approximation) | -€5,411 | -€16,572 | ▼ 206% |
| Investment in fixed assets (approximation) | - | -€23,613 | - |
| Change in cash | - | €2,834 | - |
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, 7,639 companies had the same profile as LOUMAX has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOUMAX itself: 2.9% 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 7,639 companies, not a prediction for LOUMAX. 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.