LTML
ActiveSummary
LTML has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294,907 and a net result of -€1,438. Equity has been stable since 2020 (±2.3% per year). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-12-2019 Normal situation
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.299.360.650 2230 Herselt, since 24-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- LELADirector · since 24-09-2024 · permanent representative Leonie Laeremans
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- -€276
- ▲ 98.9%
- Loss
- €1,438
- ▼ 94.6%
- Equity
- €294,907
- ▼ 0.5%
- Total assets
- €977,884
- ▲ 31.4%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateLiquidity: current ratio 1.43, cash €6,523lowers riskSize: total assets €977,884No main activity registeredShow the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 33% of them on solvency, 10% on liquidity, 28% on profitability and 43% on growth.
The bankruptcy probability was computed on 01-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 1 day after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00501191.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 6 filings
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result for 2025 is a loss of €905, smaller than the loss of €25,926 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €1,050 | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 929 companies had the same profile as LTML has now. Two years later, 1.7% had gone bankrupt and 92.8% were still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
That fits the bankruptcy probability of LTML itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 929 companies, not a prediction for LTML. 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 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79,669 | - | - | - | - | - | - |
| Other operating charges640/8 | - | €101 | €450 | €493 | €1,086 | €629 | ▼ 42.1% |
| Gross operating margin9900 | €75,900 | €444,091 | -€16,882 | €14,630 | -€24,841 | -€276 | ▲ 98.9% |
| Operating profit (loss)9901 | -€4,198 | €443,990 | -€17,331 | €14,137 | -€25,926 | -€905 | ▲ 96.5% |
| Recurring financial income75 | €9 | - | - | - | - | - | - |
| Financial charges65/66B | - | €597 | €1,851 | €9,361 | €726 | €533 | ▼ 26.6% |
| Recurring financial charges65 | - | €597 | €1,851 | €9,361 | €726 | €533 | ▼ 26.6% |
| Profit (loss) for the period before taxes9903 | -€4,189 | €443,393 | -€19,182 | €4,776 | -€26,652 | -€1,438 | ▲ 94.6% |
| Income taxes67/77 | - | €104,801 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€4,189 | €338,592 | -€19,182 | €4,776 | -€26,652 | -€1,438 | ▲ 94.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,189 | €338,592 | -€19,182 | €4,776 | -€26,652 | -€1,438 | ▲ 94.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €294,056 | €503,942 | €961,578 | €554,893 | €744,352 | €977,884 | ▲ 31.4% |
| Fixed assets21/28 | €158,711 | - | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Tangible fixed assets22/27 | €158,711 | - | - | - | - | - | - |
| Financial fixed assets28 | - | - | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Current assets29/58 | €135,345 | €503,942 | €960,528 | €553,843 | €743,302 | €976,834 | ▲ 31.4% |
| Amounts receivable after more than one year29 | - | - | €55,971 | €55,971 | €55,971 | €55,971 | = |
| Trade receivables290 | - | - | €55,971 | €55,971 | €55,971 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | - | - | €55,971 | - |
| Stocks and contracts in progress3 | €131,027 | - | €680,166 | €441,753 | €635,909 | €868,080 | ▲ 36.5% |
| Stocks30/36 | - | - | €680,166 | €441,753 | €635,909 | €868,080 | ▲ 36.5% |
| Amounts receivable within one year40/41 | - | - | - | €2,400 | €42,650 | €46,260 | ▲ 8.5% |
| Trade receivables40 | - | - | - | - | €30,250 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €2,400 | €12,400 | €46,260 | ▲ 273% |
| Cash at bank and in hand54/58 | €4,318 | €488,582 | €223,384 | €53,250 | €8,773 | €6,523 | ▼ 25.6% |
| Deferred charges and accrued income490/1 | - | €15,360 | €1,007 | €469 | €0 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €294,056 | €503,942 | €961,578 | €554,893 | €744,352 | €977,884 | ▲ 31.4% |
| Equity10/15 | -€1,189 | €337,403 | €318,221 | €322,997 | €296,345 | €294,907 | ▼ 0.5% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€4,189 | €334,403 | €315,221 | €319,997 | €293,345 | €291,907 | ▼ 0.5% |
| Amounts payable17/49 | €295,245 | €166,539 | €643,357 | €231,896 | €448,008 | €682,978 | ▲ 52.4% |
| Amounts payable after more than one year17 | - | - | €272,000 | €0 | - | - | - |
| Financial debts170/4 | - | - | €272,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €295,245 | €166,539 | €371,357 | €231,896 | €448,008 | €682,978 | ▲ 52.4% |
| Trade debts44 | €290,536 | €52,129 | €56,144 | €21,484 | €224,301 | €391,789 | ▲ 74.7% |
| Suppliers440/4 | - | €52,129 | €56,144 | €21,484 | €224,301 | €391,789 | ▲ 74.7% |
| Taxes, remuneration and social security45 | - | €104,801 | €104,801 | €0 | €5,250 | €777 | ▼ 85.2% |
| Taxes450/3 | - | €104,801 | €104,801 | €0 | €5,250 | €777 | ▼ 85.2% |
| Other amounts payable47/48 | - | €9,609 | €210,412 | €210,412 | €218,457 | €290,412 | ▲ 32.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,189 | €338,592 | -€19,182 | €4,776 | -€26,652 | -€1,438 | ▲ 94.6% |
| + Depreciation and write-downs630 | €79,669 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €75,480 | €338,592 | -€19,182 | €4,776 | -€26,652 | -€1,438 | ▲ 94.6% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €484,264 | -€265,198 | -€170,134 | -€44,477 | -€2,249 | ▲ 94.9% |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00501191 | NBB |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00355151 | |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00251814 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00249182 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20364519 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-29000083 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LELA |
|
| Leonie Laeremans |
|
Network & group
Companies at the same address
9 other companies- B-Wile Invest Registered office · since 2024 1012015252
- Thibo Laeremans Registered office · since 2023 1001757602
- LELA Registered office · since 2022 0789352742
- Global Project Invest Registered office · since 2019 0717733286
- LAEGRO Registered office · since 2016 0663934217
- GPEC Registered office · since 2010 0829157483
- HERVAGO Registered office · since 2005 0874399570
- VARIDANS Registered office · since 2003 0479139616
- B-Wile Registered office · since 1980 0420298327
Connections & network
5 connected companiesShow 1 more companies with a shared director
Timeline
Acts, filings and financial milestones
10-10
Gazette deed
Resignation: Leonie Laeremans (director)Appointment: BV LELA (director) · Permanent representative: Leonie Laeremans · Director discharge5 points ▸
- Board meeting, 24-09-2024
- Director resignation, Leonie Laeremans (director (not named in the articles))
- Director discharge, Leonie Laeremans
- Director appointment, BV LELA (director (not named in the articles))
- Permanent representative, Leonie Laeremans
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13392L0401/00H000 | Flanders | 1,624 m² | 1 · 137 m² | 11.0 m · 2 |