Debts
€61,289 97% of the balance sheet
Financial debts 1%Suppliers 31%Taxes and wages 6%Other 61%
Of this, €54,932 falls due within a year.
LVdM
Lifetime
15 annual accounts with figures on one time axispeak €77,865 (2013)
-€20,331▼ €41,459
lowest -€27,659 (2025)
-€27,659▼ €42,344
peak €29,496 (2024)
€1,837▼ 93.8%
€61,289▲ 22.1%
peak 1 FTE (2012)
-not published
Board2 names since 2021
2 directorsLYBAERT Ann Denise Marie and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €21,128 to -€20,331Loss of €27,659Equity from €29,496 to €1,837Debts from €50,212 to €61,289Cash from €1,226 to €456
Key points
from the 2025 annual accountsFilings
15 annual accounts since 2011
Eight of the last ten came late. The 2023 accounts came latest: 72 days after the end of the period.
Position in the sector
-€27,659
Lower net result than 95% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Turnover not published (micro format)
Checked score
48
Fair
Financially stronger than 5% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.6%● unchanged vs 12-2024
02-2025: 2.6%● unchanged vs 01-2025
03-2025: 2.6%● unchanged vs 02-2025
04-2025: 2.6%● unchanged vs 03-2025
05-2025: 2.6%● unchanged vs 04-2025
06-2025: 2.5%▼ -0.1 percentage points vs 05-2025
07-2025: 2.7%▲ +0.2 percentage points vs 06-2025
08-2025: 3.3%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 1.0%▼ -2.3 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 0.9%▼ -0.1 percentage points vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026lowest value
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.6 percentage points vs 07-2026
09-2026: 3.1%▲ +1.6 percentage points vs 08-2026
10-2026: 3.1%● unchanged vs 09-2026
11-2026: 3.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €27,659 (financial year 2025)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €63,126
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 43, micro). It does better than 10% of them on solvency, 3% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 642 companies had the same profile as LVdM has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LVdM itself: 3.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 642 companies, not a prediction for LVdM. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.88 (1.63 in 2024), below 1. Short-term debt is 87% and cash 0.7% of total assets. 97.1% of the assets are financed with debt and provisions.
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
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 days late
2024
26 days late
2023
72 days late
2022
23 days late
2021
17 days early
2020
31 days late
2019
19 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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. The company usually files around 26 August (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0830766101
1 director appointed, 2 resignations, 2 reappointments
Resignations: VANDEN MEERSSCHAUT Lieven Maria Albert (statutory director) and LYBAERT Ann Denise Marie (director) · Reappointments: VANDEN MEERSSCHAUT Lieven Maria Albert (statutory director) and LYBAERT Ann Denise Marie (director) · Appointment: VANDEN MEERSSCHAUT Lieven Maria Albert (statutory director) · General meeting of 28-12-2023 · Gazette deed
First establishment
Rotelenberg 25, Oudenaarde
Incorporation
published on 04-11-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LVdM Oudenaarde | €63,126 | -€20,331 | 2.9% | - |
| APLUS STUDIO Zottegem | €69,347 | -€7,565 | -22.6% | - |
| Quintyn Consultancy Deinze | €59,911 | -€2,834 | 75.2% | - |
| AW DEBOIS Evergem | €72,357 | -€17,366 | 82.8% | - |
| YSEWIJN BENNY GIPSKARTONWERKEN Dendermonde | €53,106 | -€230 | 39.2% | - |
| KoKreate Evergem | €69,674 | -€613 | 51.2% | - |
| LINO CANTELLA Courcelles | €59,306 | -€6,567 | 67.4% | - |
These companies have the same main activity as LVdM: joinery installation (NACE 43320). They are comparable in size and age: total assets between €53,100 and €72,400, founded between 2008 and 2012.
Official details
Source: KBO- Status
- Active since 29-10-2010Normal situation
- Activity
- Joinery installationNACE 43320and 3 others
- Establishment unit
- 2.193.820.7899700 Oudenaarde, since 07-12-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 03-02-2025
Insights on LVdM
LVdM files the micro format. That format states no turnover. The gross margin fell from €63,912 in 2011 to -€20,331 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LVdM
- What is the company number of LVdM?
- The company number of LVdM is 0830.766.101. The VAT number is the same number with BE in front: BE 0830.766.101.
- Where is LVdM based?
- The registered office is at Rotelenberg 25, 9700 Oudenaarde.Company details
- What does LVdM do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of LVdM?
- LVdM is a private limited company (BV).
- When was LVdM founded?
- LVdM was founded on 29-10-2010.
- Is LVdM still active?
- Yes, LVdM is an active enterprise in the KBO register.
- What is the turnover of LVdM?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is LVdM profitable?
- In financial year 2025, LVdM made a loss of €27,659.
- Where can I find the annual accounts of LVdM?
- LVdM filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LVdM due?
- LVdM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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