LRM
ActiveSummary
LRM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €497k and a net result of €-33k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
short-term debt: 0.5% and cash: 0.8% of total assets, and 0.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
99.5%
Return on assets
-6.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-33k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
on the day
2023
29 d late
2022
139 d early
2021
125 d early
2020
38 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€497k▼ 6.2%
2024 · €530k
2018: €336klowest in 8 years
2019: €427k▲ +27.0% vs 2018
2020: €496k▲ +16.2% vs 2019
2021: €561k▲ +13.1% vs 2020
2022: €535k▼ -4.7% vs 2021
2023: €567k▲ +6.1% vs 2022highest in 8 years
2024: €530k▼ -6.6% vs 2023
2025: €497k▼ -6.2% vs 2024
2018 → 2025
Total assets
€499k▼ 6.2%
2024 · €533k
2018: €858khighest in 8 years
2019: €852k▼ -0.7% vs 2018
2020: €777k▼ -8.7% vs 2019
2021: €764k▼ -1.6% vs 2020
2022: €604k▼ -21.0% vs 2021
2023: €570k▼ -5.5% vs 2022
2024: €533k▼ -6.6% vs 2023
2025: €499k▼ -6.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€-33k▲ 10.9%
2024 · €-37k
2018: €33k
2019: €91k▲ +173% vs 2018highest in 8 years
2020: €69k▼ -23.9% vs 2019
2021: €65k▼ -5.7% vs 2020
2022: €-26k▼ -140% vs 2021
2023: €33k▲ +225% vs 2022
2024: €-37k▼ -214% vs 2023lowest in 8 years
2025: €-33k▲ +10.9% vs 2024
2018 → 2025
Working capital
€322k▼ 27.4%
2024 · €444k
2018: €646khighest in 8 years
2019: €607k▼ -6.1% vs 2018
2020: €560k▼ -7.7% vs 2019
2021: €544k▼ -3.0% vs 2020
2022: €455k▼ -16.2% vs 2021
2023: €464k▲ +1.9% vs 2022
2024: €444k▼ -4.4% vs 2023
2025: €322k▼ -27.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€561k-€535k▼ 4.7%€567k▲ 6.1%€530k▼ 6.6%€497k▼ 6.2%
2021: €561k
2022: €535k▼ -4.7% vs 2021
2023: €567k▲ +6.1% vs 2022highest in 5 years
2024: €530k▼ -6.6% vs 2023
2025: €497k▼ -6.2% vs 2024lowest in 5 years
Operating result€103k-€52k▼ 50.0%€-5k€-46k▼ 738%€-51k▼ 11.5%
2021: €103khighest in 5 years
2022: €52k▼ -50.0% vs 2021
2023: €-5k▼ -111% vs 2022
2024: €-46k▼ -738% vs 2023
2025: €-51k▼ -11.5% vs 2024lowest in 5 years
Net result€65k-€-26k€33k€-37k€-33k▲ 10.9%
2021: €65khighest in 5 years
2022: €-26k▼ -140% vs 2021
2023: €33k▲ +225% vs 2022
2024: €-37k▼ -214% vs 2023lowest in 5 years
2025: €-33k▲ +10.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51k in 2025 against €46k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €499k
Fixed assets
€175k ▲ 102%
Current assets
€324k ▼ 27.3%
Equity and liabilities €499k
Equity
€497k ▼ 6.2%
Debt
€2k ▲ 0.3%
Debt's share of the balance-sheet total stays at 0.5%.
Key figures and ratios
EBITDA
€-34k▼
2024 · €-29k
Cash flow
€-16k▲
2024 · €-20k
Debt to equity
0.01▲
2024 · 0.00
ROE
-6.7%▲
2024 · -7.0%
ROA
-6.6%▲
2024 · -7.0%
Interest coverage
-44.86▼
2024 · -11.83
Debt ≤ 1 year
€2k▲
2024 · €2k
Income taxes
€198▼
2024 · €199
A ratio outside any meaningful range has been withheld (balance sheet total €499k, equity €497k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€533k€499k▼
Fixed assets21/28€86k€175k▲
Tangible fixed assets22/27€86k€174k▲
Land and buildings22€82k€158k▲
Plant, machinery and equipment23€2k€12k▲
Furniture and vehicles24€2k€4k▲
Financial fixed assets28€576€576=
Current assets29/58€446k€324k▼
Amounts receivable after more than one year29€300k€317k▲
Other amounts receivable291€300k€317k▲
Amounts receivable within one year40/41€3k€3k▲
Other amounts receivable41€3k€3k▲
Current investments50/53€128k€0▼
Cash at bank and in hand54/58€15k€4k▼
Equity and liabilities
Total equity and liabilities10/49€533k€499k▼
Equity10/15€530k€497k▼
Contributions10/11€142k€142k=
Reserves13€388k€365k▼
Distributable reserves133€388k€365k▼
Profit (loss) carried forward14-€-10k
Amounts payable17/49€2k€2k▲
Amounts payable within one year42/48€2k€2k▲
Trade debts44€142€340▲
Suppliers440/4€142€340▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€5k€3k▼
Gross operating margin9900€-24k€-32k▼
Operating profit (loss)9901€-46k€-51k▼
Financial income75/76B€11k€19k▲
Recurring financial income75€11k€19k▲
Financial charges65/66B€2k€761▼
Recurring financial charges65€2k€761▼
Profit (loss) for the period before taxes9903€-37k€-33k▲
Income taxes67/77€199€198▼
Profit (loss) for the period9904€-37k€-33k▲
Profit (loss) for the period to be appropriated9905€-37k€-33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-33k▲
Transfer from equity791/2€37k€23k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €31k | €18k | €17k | €17k | ▲ 1.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-10k | €0 | - | - |
| Other operating charges640/8 | - | €4k | €3k | €5k | €3k | ▼ 45.9% |
| Gross operating margin9900 | €137k | €87k | €6k | €-24k | €-32k | ▼ 29.7% |
| Operating profit (loss)9901 | €103k | €52k | €-5k | €-46k | €-51k | ▼ 11.5% |
| Financial income75/76B | - | €19k | €12k | €11k | €19k | ▲ 66.9% |
| Recurring financial income75 | €8k | €19k | €12k | €11k | €19k | ▲ 66.9% |
| Financial charges65/66B | - | €80k | €-30k | €2k | €761 | ▼ 69.1% |
| Recurring financial charges65 | €11k | €80k | €-30k | €2k | €761 | ▼ 69.1% |
| Profit (loss) for the period before taxes9903 | €100k | €-10k | €37k | €-37k | €-33k | ▲ 11.0% |
| Income taxes67/77 | €35k | €16k | €4k | €199 | €198 | ▼ 0.7% |
| Profit (loss) for the period9904 | €65k | €-26k | €33k | €-37k | €-33k | ▲ 10.9% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €75k | €-26k | €33k | €-37k | €-33k | ▲ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €764k | €604k | €570k | €533k | €499k | ▼ 6.2% |
| Fixed assets21/28 | €151k | €121k | €103k | €86k | €175k | ▲ 102% |
| Tangible fixed assets22/27 | €150k | €120k | €103k | €86k | €174k | ▲ 103% |
| Land and buildings22 | - | €110k | €96k | €82k | €158k | ▲ 91.8% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €12k | ▲ 656% |
| Furniture and vehicles24 | - | €7k | €4k | €2k | €4k | ▲ 125% |
| Financial fixed assets28 | €576 | €576 | €576 | €576 | €576 | = |
| Current assets29/58 | €614k | €483k | €467k | €446k | €324k | ▼ 27.3% |
| Amounts receivable after more than one year29 | - | €30k | €364k | €300k | €317k | ▲ 5.7% |
| Other amounts receivable291 | - | €30k | €364k | €300k | €317k | ▲ 5.7% |
| Amounts receivable within one year40/41 | €13k | €35k | €72k | €3k | €3k | ▲ 11.7% |
| Trade receivables40 | - | €16k | €0 | - | - | - |
| Other amounts receivable41 | - | €19k | €72k | €3k | €3k | ▲ 11.7% |
| Current investments50/53 | €436k | €362k | €0 | €128k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €163k | €55k | €31k | €15k | €4k | ▼ 72.8% |
| Deferred charges and accrued income490/1 | - | €1k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €764k | €604k | €570k | €533k | €499k | ▼ 6.2% |
| Equity10/15 | €561k | €535k | €567k | €530k | €497k | ▼ 6.2% |
| Contributions10/11 | - | €142k | €142k | €142k | €142k | = |
| Reserves13 | €416k | €393k | €425k | €388k | €365k | ▼ 6.0% |
| Non-distributable reserves130/1 | - | €14k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €14k | €0 | - | - | - |
| Distributable reserves133 | - | €378k | €425k | €388k | €365k | ▼ 6.0% |
| Profit (loss) carried forward14 | €2k | €0 | - | - | €-10k | - |
| Provisions and deferred taxes16 | €10k | €10k | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €10k | €0 | - | - | - |
| Major repairs and maintenance162 | - | €10k | €0 | - | - | - |
| Amounts payable17/49 | €194k | €59k | €3k | €2k | €2k | ▲ 0.3% |
| Amounts payable after more than one year17 | €121k | €32k | €0 | - | - | - |
| Financial debts170/4 | - | €32k | €0 | - | - | - |
| Amounts payable within one year42/48 | €70k | €28k | €3k | €2k | €2k | ▲ 0.3% |
| Current portion of amounts payable after more than one year42 | - | €10k | €0 | - | - | - |
| Trade debts44 | €10k | €2k | €663 | €142 | €340 | ▲ 139% |
| Suppliers440/4 | - | €2k | €663 | €142 | €340 | ▲ 139% |
| Taxes, remuneration and social security45 | - | €16k | €2k | €2k | €2k | ▼ 8.1% |
| Taxes450/3 | - | €16k | €2k | €2k | €2k | ▼ 8.1% |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65k | €-26k | €33k | €-37k | €-33k | ▲ 10.9% |
| + Depreciation and write-downs630 | €30k | €31k | €18k | €17k | €17k | ▲ 1.5% |
| Operating cash flow (approximation) | €95k | €5k | €50k | €-20k | €-16k | ▲ 21.3% |
| Investment in fixed assets (approximation) | - | €-1k | €57 | €0 | €-106k | - |
| Change in cash | - | €-108k | €-23k | €-16k | €-11k | ▲ 29.3% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 153.51
Current ratio from 17.50 to 153.51; short-term debt falls from €28k to €3k.
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 17.50
Current ratio from 8.73 to 17.50; short-term debt falls from €70k to €28k.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €561k ▲13.1%
4 profitable years in a row build equity to €561k.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Highest result since 2018net €91k ▲173%
Operating result €141k, net result €91k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Ranst · 1 establishment unit since 2005
Ground area
904 m²
Building footprint
247 m²
Volume, LiDAR
900 m³
Parcel 11031C0072/00N000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LRM
since 20052.145.157.275
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11031C0072/00N000 | Flanders | 904 m² | 1 · 247 m² | 6.2 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500CXUKR72QA67S39
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 34,690 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
Founded18-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.