LTM CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of LTM CONCEPT is 13.5% (high). The 2024 annual accounts show negative equity (-€118,860) and a net result of -€218,860. Its solvency ranks better than 18% of 18936 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability0
Solvency0
Growth-
Track record79
Bankruptcy probability, 12 months
13.5%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06; short-term debt: 63.2% and cash: 2.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-31.3%
Return on assets
-57.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2024
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€118,860
Total assets
€380,061
Net result
-€218,860
Working capital
-€225,067
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €380,061
Fixed assets
€365,046
Current assets
€15,015
Key figures and ratios
EBITDA
-€161,063
Cash flow
-€180,714
Solvency
-31.3%
Current ratio
0.06
Debt to equity
-4.20
ROA
-57.6%
Interest coverage
-8.32
Debt
€498,921
Debt ≤ 1 year
€240,082
Debt > 1 year
€258,838
Income taxes
€296
Annual accounts
| Line | 2024 |
|---|---|
| Goods, raw materials, services and sundry goods60/61 | €162,534 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,146 |
| Other operating charges640/8 | €8,484 |
| Gross operating margin9900 | -€152,579 |
| Operating profit (loss)9901 | -€199,209 |
| Financial charges65/66B | €19,355 |
| Recurring financial charges65 | €19,355 |
| Profit (loss) for the period before taxes9903 | -€218,564 |
| Income taxes67/77 | €296 |
| Profit (loss) for the period9904 | -€218,860 |
| Profit (loss) for the period to be appropriated9905 | -€218,860 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €380,061 | |
| Fixed assets21/28 | €365,046 | |
| Intangible fixed assets21 | €2,113 | |
| Tangible fixed assets22/27 | €361,322 | |
| Plant, machinery and equipment23 | €322,882 | |
| Furniture and vehicles24 | €9,640 | |
| Other tangible fixed assets26 | €28,800 | |
| Financial fixed assets28 | €1,610 | |
| Current assets29/58 | €15,015 | |
| Amounts receivable within one year40/41 | €6,863 | |
| Trade receivables40 | €1,893 | |
| Other amounts receivable41 | €4,970 | |
| Cash at bank and in hand54/58 | €8,152 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €380,061 | |
| Equity10/15 | -€118,860 | |
| Contributions10/11 | €100,000 | |
| Profit (loss) carried forward14 | -€218,860 | |
| Amounts payable17/49 | €498,921 | |
| Amounts payable after more than one year17 | €258,838 | |
| Financial debts170/4 | €258,838 | |
| Amounts payable within one year42/48 | €240,082 | |
| Current portion of amounts payable after more than one year42 | €30,650 | |
| Trade debts44 | €67,803 | |
| Suppliers440/4 | €67,803 | |
| Taxes, remuneration and social security45 | €4,649 | |
| Taxes450/3 | €4,649 | |
| Other amounts payable47/48 | €136,981 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€218,860 |
| + Depreciation and write-downs630 | €38,146 |
| Operating cash flow (approximation) | -€180,714 |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2023
Ground area
191 m²
Building footprint
90 m²
Volume, LiDAR
969 m³
Parcel 21673D0055/00R006, Brussels · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
188
companies at this address
See who is registered here
1 establishment unit
Rue Libert (François) 25B, 1410 Waterloo
since 20232.352.361.846
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0055/00R006 | Brussels | 191 m² | 1 · 90 m² | 14.0 m · 4 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
Food safety, FASFC
1 siteWaterloo2.352.361.846
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
47120Other non-specialised retail sale
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.