LSM CONCEPT
ActiveSummary
LSM CONCEPT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122,783 and a net result of €51,591. Its solvency ranks better than 75% of 39,218 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €122,783
- Profit
- €51,591
Why 97raises riskFounded in 2023lowers riskLiquidity: current ratio 4.47, cash €126,073Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €122,783 (77.6% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 86% on solvency, 86% on liquidity, 84% on profitability and 52% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 18 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €100,000equity €122,783 ▲72.5%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 24% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €157,352 | €115,471 | ▼ 26.6% |
| Goods, raw materials, services and sundry goods60/61 | €69,979 | €49,198 | ▼ 29.7% |
| Other operating charges640/8 | €226 | €129 | ▼ 42.9% |
| Gross operating margin9900 | €87,373 | €66,274 | ▼ 24.1% |
| Operating profit (loss)9901 | €87,147 | €66,145 | ▼ 24.1% |
| Financial income75/76B | €39 | €0 | ▼ 99.2% |
| Recurring financial income75 | €39 | €0 | ▼ 99.2% |
| Financial charges65/66B | €130 | €182 | ▲ 40.2% |
| Recurring financial charges65 | €130 | €182 | ▲ 40.2% |
| Profit (loss) for the period before taxes9903 | €87,055 | €65,963 | ▼ 24.2% |
| Income taxes67/77 | €18,364 | €14,372 | ▼ 21.7% |
| Profit (loss) for the period9904 | €68,692 | €51,591 | ▼ 24.9% |
| Profit (loss) for the period to be appropriated9905 | €68,692 | €51,591 | ▼ 24.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €92,781 | €158,202 | ▲ 70.5% |
| Current assets29/58 | €92,781 | €158,202 | ▲ 70.5% |
| Amounts receivable within one year40/41 | €17,102 | €32,129 | ▲ 87.9% |
| Trade receivables40 | €960 | €411 | ▼ 57.2% |
| Other amounts receivable41 | €16,141 | €31,718 | ▲ 96.5% |
| Cash at bank and in hand54/58 | €75,679 | €126,073 | ▲ 66.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €92,781 | €158,202 | ▲ 70.5% |
| Equity10/15 | €71,192 | €122,783 | ▲ 72.5% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €68,000 | €120,000 | ▲ 76.5% |
| Distributable reserves133 | €68,000 | €120,000 | ▲ 76.5% |
| Profit (loss) carried forward14 | €692 | €283 | ▼ 59.1% |
| Amounts payable17/49 | €21,590 | €35,420 | ▲ 64.1% |
| Amounts payable within one year42/48 | €21,590 | €35,420 | ▲ 64.1% |
| Trade debts44 | €726 | €1,528 | ▲ 111% |
| Suppliers440/4 | €726 | €1,528 | ▲ 111% |
| Taxes, remuneration and social security45 | €20,864 | €32,735 | ▲ 56.9% |
| Taxes450/3 | €20,864 | €32,735 | ▲ 56.9% |
| Other amounts payable47/48 | - | €1,156 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €68,692 | €51,591 | ▼ 24.9% |
| Operating cash flow (approximation) | €68,692 | €51,591 | ▼ 24.9% |
| Change in cash | - | €50,394 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-07-2026 | 2026-00330802 |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00277817 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| TISAT Massimo |
|
Owners and capital
Capital and shareholders
- TISAT Massimo 99 shares (99%) · €2,475
- PIRRERA Antonella 1 share (1%) · €25
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 24-07-2023 Incorporation · €2,500 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
24-07
Gazette deed
IncorporationAppointment: TISAT Massimo (director) · Founder · Founding capital9 facts ▸
- Incorporation, “LSM CONCEPT” (deed in French)
- Founder, TISAT Massimo
- Founder, PIRRERA Antonella
- Founding capital, €2,500
- Capital
- Other provision, “prise d’effet des décisions subséquentes, dépôt au greffe d’une expédition de l’acte constitutif” (deed in French)
- Registered office clause, “7134 Binche (Ressaix) Cité Vandervelde n°69” (deed in French)
- Board rule, 1
- Director appointment, TISAT Massimo (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56063A0154/00N004 | Wallonia | 449 m² | 1 · 58 m² | 8.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le Conseil pour les affaires et autres conseils de gestion (Code Nacedel ; 70.220); Le Services administratifs combinés de bureau (Code…” (deed in French)
8 activities (deed in French)
- Le Conseil pour les affaires et autres conseils de gestion (Code Nacedel ; 70.220)
- Le Services administratifs combinés de bureau (Code Nacebel : 86.906)
- Société Immobilière de nature patrimoniale
- Société Holding : la prise de participation directe ou indirecte dans toutes sociétés ou entreprises commerciales ou immobilières, le contrôle de leur gestion ou la participation par la prise de mandat au sein des dites sociétés ou entreprises
- L’achat, la vente, le négoce, l’administration, la vente de toutes valeurs mobilières et immobilières, de tous droits sociaux et d’une manière plus générale, toutes opérations de gestion de portefeuille
- Missions de consultance et prestations de services en tous domaines
- La formation, l’expertise et l’étude dans les domaines de la construction, commercial et financier
- La réalisation d’opérations d’achat, de vente, de location d’immeubles pour son compte propre y compris en vue de la mise a disposition des actionnaires ou administrateurs de la société
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LSM CONCEPT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, usufruitier et nu-propriétaire inscrits séparément avec indication des droits respectifs” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed