LTM CONCEPT
ActiveFinancials · financial year 2024, micro format
2024 annual accounts filed 60 days after the deadline Filed on 29 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00509456.
Annual accounts 2024 filed on 29-09-2025 PDF
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 |
|---|---|
| Tangible fixed assets | €390,608 |
| Intangible fixed assets | €2,750 |
| Financial fixed assets | €1,610 |
| Depreciation and write-downs of the year | €38,146 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as LTM CONCEPT: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €260,000 and €392,000, founded between 2023 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| LTM CONCEPT Sint-Lambrechts-Woluwe | 2023 | €380,061 | -€118,860 | -€152,579 | -€218,860 | - | 2024 |
| BOMBINO Leuven | 2023 | €392,487 | -€123,238 | -€16,943 | -€54,715 | - | 2025 |
| VRANJE VI Anderlecht | 2023 | €291,834 | -€62,610 | -€10,040 | -€42,059 | - | 2025 |
| VS Italia Elsene | 2024 | €376,143 | -€15,649 | -€2,738 | -€21,901 | 0 | 2025 |
| LANGS DE VAART Jabbeke | 2024 | €299,114 | €1,711 | -€8,778 | -€8,289 | - | 2024 |
| SLALOME Visé | 2024 | €311,442 | €26,232 | -€16,042 | -€34,805 | - | 2025 |
| THE SUSHI Overijse | 2024 | €260,390 | -€133,156 | -€53,143 | -€122,984 | - | 2025 |
They were chosen from the 12,109 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 7,639 companies had the same profile as LTM CONCEPT has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- 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 LTM CONCEPT itself: 8.1% 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 LTM CONCEPT. 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.
| 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 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-09-2025 | 2025-00509456 |