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LSNMT

Active
Private limited companyfounded 2023active for 3 yearsMutsaardplein 2, 1853 Grimbergen, BelgiumKBO/BCE: BE 0800.584.055
Summary

The computed 12-month bankruptcy probability of LSNMT is 1.8% (moderate). The 2025 annual accounts show equity of €43,570 and a net result of €23,580. Its solvency ranks better than 89% of 525 sector peers (NACE 42, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Overview

Official details

Source: KBO
Status
Active since 07-04-2023 Normal situation
Registered office
107 active companies are registered at this address 24 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity
Construction of utility projects for electricity and telecommunications NACE 42220and 6 others
Establishment unit
2.344.652.920 1080 Sint-Jans-Molenbeek, since 07-04-2023
Financial year end
31 December
Peppol
Reachable

Board and ownership

Financial position

57 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.8%
Annual accounts 2025
Gross margin
€25,954
▼ 7.4%
Turnover
≈ €93,000
estimated
Profit
€23,580
▲ 31.1%
Equity
€43,570
▲ 118%
Total assets
€52,620
▲ 60.9%
  • 2025 accounts filed 20 days after the deadline
Score breakdownraises riskFounded in 2023Size: total assets €52,6201 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed on 20-08-2026)Show the evidence

Checked score

Score 2025
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 84% of micro companies in civil engineering (NACE 42)
Financial strength · tick: 2024
Strong
Solvency 100+14
equity 82.8% of total assets
Liquidity 60+25
short-term debt 17.2% · cash 11.8%
Profitability 100=
return on assets 44.8%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,867 companies, NACE 42, micro)
Last 24 months 12-2024: 5.2% 01-2025: 5.0%▼ -0.2 percentage points vs 12-2024 02-2025: 5.1%▲ +0.1 percentage points vs 01-2025 03-2025: 5.3%▲ +0.2 percentage points vs 02-2025 04-2025: 5.5%▲ +0.2 percentage points vs 03-2025highest value 05-2025: 5.5%● unchanged vs 04-2025highest value 06-2025: 5.5%● unchanged vs 05-2025highest value 07-2025: 5.5%● unchanged vs 06-2025highest value 08-2025: 3.7%▼ -1.8 percentage points vs 07-2025 09-2025: 3.7%● unchanged vs 08-2025 10-2025: 3.7%● unchanged vs 09-2025 11-2025: 3.6%▼ -0.1 percentage points vs 10-2025 12-2025: 3.5%▼ -0.1 percentage points vs 11-2025 01-2026: 3.3%▼ -0.2 percentage points vs 12-2025 02-2026: 3.3%● unchanged vs 01-2026 03-2026: 3.4%▲ +0.1 percentage points vs 02-2026 04-2026: 4.0%▲ +0.6 percentage points vs 03-2026 05-2026: 4.5%▲ +0.5 percentage points vs 04-2026 06-2026: 4.6%▲ +0.1 percentage points vs 05-2026 07-2026: 4.7%▲ +0.1 percentage points vs 06-2026 08-2026: 5.1%▲ +0.4 percentage points vs 07-2026 09-2026: 1.8%▼ -3.3 percentage points vs 08-2026lowest value 10-2026: 1.8%● unchanged vs 09-2026lowest value 11-2026: 1.8%● unchanged vs 10-2026lowest value
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.1 (2.65 in 2024), above the usual 1.5. Short-term debt is 17.2% and cash 11.8% of total assets. 17.2% of the assets are financed with debt and provisions.
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 42, micro). It does better than 92% of them on solvency, 64% on liquidity, 91% on profitability and 89% on growth.

The bankruptcy probability was computed on 02-11-2026 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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €52,620
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 20-08-2026)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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.
NBB · 2 filings
Deviation from the deadline
2025
20 days late
2024
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 9 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 20-08-2026 at the NBB all 2 filings

Turnover
≈ €93,000
Estimated: probably between €49,000 and €180,000
Total assets
€52,620▲ 60.9%
2024 · €32,709
Net result
€23,580▲ 31.1%
2024 · €17,991
Working capital
€37,065▲ 99.2%
2024 · €18,607
Multi-year overview
2024 to 2025, 2 financial years
Operating result
€23,311
▼ 3.1% 2025
20242025
Net result
€23,580
▲ 31.1% 2025
middle half of the sector
20242025
Equity
€43,570
▲ 118% 2025
lowest quarter of the sector
20242025
Total assets
€52,620
▲ 60.9% 2025
lowest quarter of the sector
20242025
Debt
€9,050
▼ 28.8% 2025
20242025
Working capital
€37,065
▲ 99.2% 2025
middle half of the sector
20242025
Solvency
82.8%
▲ 21.7pp 2025
highest quarter of the sector
20242025
Current ratio
5.10
▲ 2.44 2025
highest quarter of the sector
20242025
Return on assets (ROA)
44.8%
▼ 10.2pp 2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€24,065-€23,311▼ 3.1%
Net result€17,991within the sector's middle half-€23,580within the sector's middle half▲ 31.1%
Equity€19,991below the sector's middle half-€43,570below the sector's middle half▲ 118%
Total assets€32,709below the sector's middle half-€52,620below the sector's middle half▲ 60.9%
Debt€12,718-€9,050▼ 28.8%
Working capital€18,607within the sector's middle half-€37,065within the sector's middle half▲ 99.2%
Solvency61.1%above the sector's middle half-82.8%above the sector's middle half▲ 21.7pp
Current ratio2.65above the sector's middle half-5.10above the sector's middle half▲ 2.44
Return on assets (ROA)55.0%above the sector's middle half-44.8%above the sector's middle half▼ 10.2pp
above within below The sector band is the middle half of the companies in Civil engineering (NACE 42). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 3% lower than in 2024.

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,620
Fixed assets €6,505 ▲ 130%
Current assets €46,115 ▲ 54.4%
Equity and liabilities €52,620
Equity €43,570 ▲ 118%
Debt €9,050 ▼ 28.8%
Debt's share of the balance-sheet total falls from 38.9% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€23,549▼
2024 · €28,019
Cash flow
€23,818▲
2024 · €21,945
Debt to equity
0.21▼
2024 · 0.64
ROE
54.1%▼
2024 · 90.0%
Interest coverage
11.61▼
2024 · over 100
Debt ≤ 1 year
€9,050▼
2024 · €11,268
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-2024
Employees at the balance-sheet date0
full-time0
part-time0

Source: social balance sheet in the 2024 annual accounts

Investments

fixed assets acquired
Item20242025
Tangible fixed assets€4,639€1,538
Financial fixed assets-€5,186
Depreciation and write-downs of the year€3,954€238

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€32,709€52,620▲
Fixed assets21/28€2,834€6,505▲
Tangible fixed assets22/27€2,834€1,319▼
Furniture and vehicles24€2,834€1,319▼
Financial fixed assets28-€5,186
Current assets29/58€29,875€46,115▲
Amounts receivable within one year40/41€26,358€38,586▲
Trade receivables40€5,149€5,078▼
Other amounts receivable41€21,210€33,509▲
Cash at bank and in hand54/58€5€6,209▲
Deferred charges and accrued income490/1€3,512€1,320▼
Equity and liabilities
Total equity and liabilities10/49€32,709€52,620▲
Equity10/15€19,991€43,570▲
Contributions10/11€2,000€2,000=
Contributions outside capital11-€2,000
Other1109/19-€2,000
Profit (loss) carried forward14€17,991€41,570▲
Amounts payable17/49€12,718€9,050▼
Amounts payable within one year42/48€11,268€9,050▼
Trade debts44€5,378€3,160▼
Suppliers440/4€5,378€3,160▼
Taxes, remuneration and social security45€5,890€5,890=
Taxes450/3€5,890€5,890=
Accrued charges and deferred income492/3€1,450-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,954€238▼
Other operating charges640/8-€2,070
Non-recurring operating charges66A-€335
Gross operating margin9900€28,019€25,954▼
Operating profit (loss)9901€24,065€23,311▼
Financial income75/76B-€2,297
Recurring financial income75-€2,090
Non-recurring financial income76B-€207
Financial charges65/66B€184€2,028▲
Recurring financial charges65€184€2,028▲
Profit (loss) for the period before taxes9903€23,881€23,580▼
Income taxes67/77€5,890-
Profit (loss) for the period9904€17,991€23,580▲
Profit (loss) for the period to be appropriated9905€17,991€23,580▲
Appropriation of the result
Profit (loss) to be appropriated9906€17,991€41,570▲
Profit (loss) brought forward from the previous period14P-€17,991

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 20-08-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,954€238▼ 94.0%
Other operating charges640/8-€2,070-
Non-recurring operating charges66A-€335-
Gross operating margin9900€28,019€25,954▼ 7.4%
Operating profit (loss)9901€24,065€23,311▼ 3.1%
Financial income75/76B-€2,297-
Recurring financial income75-€2,090-
Non-recurring financial income76B-€207-
Financial charges65/66B€184€2,028▲ 11×
Recurring financial charges65€184€2,028▲ 11×
Profit (loss) for the period before taxes9903€23,881€23,580▼ 1.3%
Income taxes67/77€5,890--
Profit (loss) for the period9904€17,991€23,580▲ 31.1%
Profit (loss) for the period to be appropriated9905€17,991€23,580▲ 31.1%
Line20242025Change
Assets
Total assets20/58€32,709€52,620▲ 60.9%
Fixed assets21/28€2,834€6,505▲ 130%
Tangible fixed assets22/27€2,834€1,319▼ 53.4%
Furniture and vehicles24€2,834€1,319▼ 53.4%
Financial fixed assets28-€5,186-
Current assets29/58€29,875€46,115▲ 54.4%
Amounts receivable within one year40/41€26,358€38,586▲ 46.4%
Trade receivables40€5,149€5,078▼ 1.4%
Other amounts receivable41€21,210€33,509▲ 58.0%
Cash at bank and in hand54/58€5€6,209▲ 1,307×
Deferred charges and accrued income490/1€3,512€1,320▼ 62.4%
Equity and liabilities
Total equity and liabilities10/49€32,709€52,620▲ 60.9%
Equity10/15€19,991€43,570▲ 118%
Contributions10/11€2,000€2,000=
Contributions outside capital11-€2,000-
Other1109/19-€2,000-
Profit (loss) carried forward14€17,991€41,570▲ 131%
Amounts payable17/49€12,718€9,050▼ 28.8%
Amounts payable within one year42/48€11,268€9,050▼ 19.7%
Trade debts44€5,378€3,160▼ 41.2%
Suppliers440/4€5,378€3,160▼ 41.2%
Taxes, remuneration and social security45€5,890€5,890=
Taxes450/3€5,890€5,890=
Accrued charges and deferred income492/3€1,450--
Line20242025Change
Profit (loss) for the period9904€17,991€23,580▲ 31.1%
+ Depreciation and write-downs630€3,954€238▼ 94.0%
Operating cash flow (approximation)€21,945€23,818▲ 8.5%
Investment in fixed assets (approximation)--€3,910-
Change in cash-€6,204-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 39,278 companies had the same profile as LSNMT has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of LSNMT itself: 1.8% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for LSNMT. 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.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 20-08-2026 2026-00409829 PDF
31-12-2024 abbreviated format 29-07-2025 2025-00320207 PDF

Board & ownership

Directors

Directors
1 director, no change since 2023
NEMTANU Liviu-Andrei
Director · appointed in the act of 12-04-2023 · term without a fixed end
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“TITEL IV. BESTUUR - CONTROLE Artikel 10. Bestuursorgaan De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of…”
deed of 12-04-2023

Owners and capital

Shareholders

At incorporation act of 12-04-2023 ↗

Capital transactions

Capital over time
  1. 12-04-2023 Incorporation · €20,000 · 100 shares

Articles of association

Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Articles of association, deed of 12-04-2023 (in Dutch)

Network & group

LSNMT shares no director with another company.

Companies at the same address

106 other companies

Connections & network

1 current director
Depth

The network starts from the directors of LSNMT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
20-08
NBB filing Annual accounts 2025 filedNBB
abbreviated format · 20 days late
2025
29-07
NBB filing Annual accounts 2024 filedPDF
abbreviated format · 2 days before the deadline
2024
05-11
Gazette deed Registered office moved from Zaventem to Grimbergen
New seat: Mutsaardplein 2 1853 Grimbergen · Previous seat: Imperiastraat 8 1930 Zaventem · Director in office3 points ▸
  • General meeting, 22-10-2024
  • Registered-office move, Mutsaardplein 2 1853 Grimbergen
  • Director in office, Nemțanu Liviu-Andrei (director)

Open the act in the Belgian Official Gazette

2023
12-04
Gazette deed Incorporation
Starting capital €20,000 · Appointment: NEMTANU Liviu-Andrei (director) · Founder9 points ▸
  • Founder, NEMTANU Liviu-Andrei
  • Other provision, “vertegenwoordiging van comparant bij verlijden oprichtingsakte, vertegenwoordiging bij oprichtingsakte” (deed in Dutch)
  • Incorporation, “LSNMT” (deed in Dutch)
  • Founding capital, €20,000
  • Other provision, “financieel plan, bedrag van het aanvangsvermogen wordt verantwoord” (deed in Dutch)
  • Registered office clause, “1930 Zaventem,Imperiastraat 8” (deed in Dutch)
  • Board rule, 1
  • Director appointment, NEMTANU Liviu-Andrei (director)
  • Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening vennootschap in oprichting” (deed in Dutch)

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

LSNMT was incorporated on 7 April 2023 as a private limited company by one natural person, with a starting capital of €20,000.12 The registered office was moved to Grimbergen in 2024.3 NEMTANU Liviu-Andrei is director of the company, appointed in the act of 12-04-2023.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 12-04-2023
  3. 3Belgian Official Gazette, 05-11-2024

Company details

Register details

Identity

KBO record
Name LSNMT in Dutch
Enterprise number 0800.584.055
Legal form Private limited company
Status Active, normale toestand
Founded 07-04-2023
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-04-2023 (in Dutch)

Registered office and establishments

Registered office Mutsaardplein 2, 1853 Grimbergen, Belgium
1 former office
  • Imperiastraat 8, 1930 Zaventem until 22-10-2024 · act of 05-11-2024
Establishment unit LSNMT, Auguste Van Zandestraat 75, 1080 Sint-Jans-Molenbeek since 07-04-2023 · unit number 2.344.652.920
E-mail liviu.nemtanu@lsnmt.infoSint-Jans-Molenbeek
Phone +32 466 35 50 50Sint-Jans-Molenbeek

Activities

NACEBEL 2025
42220 Construction of utility projects for electricity and telecommunications main activity
43211 General electrical installation work
43221 Plumbing work
43320 Joinery installation
43350 Other building finishing work
47120 Other non-specialised retail sale
53200 Other postal and courier activities
Codes under NACEBEL 2008
42220 Construction of utility projects for electricity and telecommunications main activity
43211 Specialised construction activities
43221 Plumbing
43320 Joinery installation
43390 Specialised construction activities
47910 Retail trade
53200 Other postal and courier activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Algemene bouwsector, bouwsector, alle renovatie van gebouwen; Bouw van residentiële en niet-residentiële gebouwen; Loodgieterij, sanitair…”
17 activities
  1. Algemene bouwsector, bouwsector, alle renovatie van gebouwen.
  2. Bouw van residentiële en niet-residentiële gebouwen
  3. Loodgieterij, sanitair, zinkwerk, bouw, verbouwing, renovatie, algemene bouwwerken in al hun vormen, leggen van parket, isolatie, architectuur, afbraakwerken, schilderwerken, schrijnwerkerij, elektriciteit, leggen van tegels, metselwerk, stukadoren, cementeren, installatie van centrale verwarming, ventilatiesystemen
  4. Diverse handel in bouwmaterialen, elektrische en elektronische apparatuur, sanitair en sanitair
  5. Aanleg en onderhoud van tuinen
  6. Houtbewerking en vervaardiging van hout- en kurkproducten
  7. Vervaardiging en montage van metalen, pvc en houten frames
  8. Vervaardiging en montage van meubelen
  9. Diverse timmerwerkzaamheden, vervaardiging, montage en installatie
  10. Onderhoud en schoonmaak van kantoren, industriële of commerciële gebouwen, huizen, flats, glazenwassen enz;
  11. Bedrijfsondersteunende activiteiten
  12. Koerier
  13. Transport van goederen en mensen
  14. Autopechservice
  15. Autoverkoop
  16. Bezorgservice
  17. Autoreparaties.
deed of 12-04-2023 (in Dutch)

Invoicing and payment

VAT number BE 0800.584.055
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0800584055
Other Peppol ID 9925:BE0800584055

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 3 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0800.584.055

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of June at 18:00
deed of 12-04-2023 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map
107 companies at this address See who is registered here

Buildings and parcels at the addresses

Ground area
1,497 m²
Building footprint
636 m²
Building volume
9,058 m³
Tallest building: 22.0 m.
Flanders 1 (50%) Brussels 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
23084A0399/00M025 Flanders 1,424 m² 1 · 561 m² 22.0 m · 5
21526D0003/00Z009 Brussels 74 m² 1 · 75 m² 17.0 m · 5