LVML
ActiveSummary
LVML has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,901 and a net result of €12,296. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-10
Solvency78▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.92 against 1.19 in 2024; short-term debt: 38.5% and cash: 15.9% of total assets), and 47% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53%
Return on assets
10.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
54 d late
2023
on the day
2022
34 d early
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€59,901▼ 16.3%
2024 · €71,605
Total assets
€112,978▼ 22.7%
2024 · €146,215
Net result
€12,296▼ 55.7%
2024 · €27,726
Working capital
-€3,691
2024 · €10,239
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,588-€27,938▲ 5.1%€23,383▼ 16.3%€39,787▲ 70.2%€22,872▼ 42.5%
Net result€17,077-€17,603▲ 3.1%€13,398▼ 23.9%€27,726▲ 107%€12,296▼ 55.7%
Equity€29,477-€45,481▲ 54.3%€58,879▲ 29.5%€71,605▲ 21.6%€59,901▼ 16.3%
Total assets€133,912-€147,883▲ 10.4%€144,479▼ 2.3%€146,215▲ 1.2%€112,978▼ 22.7%
Debt€104,435-€102,402▼ 1.9%€85,600▼ 16.4%€74,610▼ 12.8%€53,077▼ 28.9%
Working capital-€1,952--€5,710▼ 192%€2,985€10,239▲ 243%-€3,691
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112,978
Fixed assets
€73,162 ▼ 12.1%
Current assets
€39,816 ▼ 36.8%
Equity and liabilities €112,978
Equity
€59,901 ▼ 16.3%
Debt
€53,077 ▼ 28.9%
Debt's share of the balance-sheet total falls from 51.0% to 47.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€32,962▼
2024 · €50,851
Cash flow
€22,386▼
2024 · €38,789
Current ratio
0.92▼
2024 · 1.19
Debt to equity
0.89▼
2024 · 1.04
ROE
20.5%▼
2024 · 38.7%
ROA
10.9%▼
2024 · 19.0%
Interest coverage
29.89▼
2024 · 52.45
Debt ≤ 1 year
€43,507▼
2024 · €52,724
Debt > 1 year
€9,064▼
2024 · €21,886
Income taxes
€9,478▼
2024 · €11,092
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,482 | €7,892 | €10,325 | €11,063 | €10,090 | ▼ 8.8% |
| Other operating charges640/8 | - | €509 | €436 | €1,474 | €1,430 | ▼ 3.0% |
| Gross operating margin9900 | €31,759 | €36,339 | €34,144 | €52,325 | €34,392 | ▼ 34.3% |
| Operating profit (loss)9901 | €26,588 | €27,938 | €23,383 | €39,787 | €22,872 | ▼ 42.5% |
| Financial income75/76B | - | €1 | €0 | €0 | €5 | ▲ 8,267% |
| Recurring financial income75 | €1 | €1 | €0 | €0 | €5 | ▲ 8,267% |
| Financial charges65/66B | - | €1,292 | €1,164 | €970 | €1,103 | ▲ 13.7% |
| Recurring financial charges65 | €1,374 | €1,292 | €1,164 | €970 | €1,103 | ▲ 13.7% |
| Profit (loss) for the period before taxes9903 | €25,215 | €26,647 | €22,220 | €38,818 | €21,774 | ▼ 43.9% |
| Income taxes67/77 | €8,137 | €9,043 | €8,821 | €11,092 | €9,478 | ▼ 14.5% |
| Profit (loss) for the period9904 | €17,077 | €17,603 | €13,398 | €27,726 | €12,296 | ▼ 55.7% |
| Profit (loss) for the period to be appropriated9905 | €17,077 | €17,603 | €13,398 | €27,726 | €12,296 | ▼ 55.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,912 | €147,883 | €144,479 | €146,215 | €112,978 | ▼ 22.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €100,648 | €103,613 | €93,288 | €83,252 | €73,162 | ▼ 12.1% |
| Intangible fixed assets21 | €0 | €262 | €202 | €142 | €82 | ▼ 42.4% |
| Tangible fixed assets22/27 | €35,648 | €38,351 | €28,086 | €18,110 | €8,080 | ▼ 55.4% |
| Plant, machinery and equipment23 | - | €2,123 | €1,223 | €1,345 | €679 | ▼ 49.5% |
| Furniture and vehicles24 | - | €23,781 | €17,053 | €10,324 | €3,595 | ▼ 65.2% |
| Other tangible fixed assets26 | - | €12,447 | €9,811 | €6,442 | €3,806 | ▼ 40.9% |
| Financial fixed assets28 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Current assets29/58 | €33,265 | €44,271 | €51,191 | €62,963 | €39,816 | ▼ 36.8% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €3,745 | €13,493 | €36,675 | €22,490 | €19,774 | ▼ 12.1% |
| Trade receivables40 | - | €13,474 | €36,549 | €22,456 | €19,774 | ▼ 11.9% |
| Other amounts receivable41 | - | €19 | €126 | €34 | €0 | ▼ 100% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €28,583 | €29,661 | €13,362 | €39,508 | €17,986 | ▼ 54.5% |
| Deferred charges and accrued income490/1 | - | €1,117 | €1,154 | €965 | €2,056 | ▲ 113% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,912 | €147,883 | €144,479 | €146,215 | €112,978 | ▼ 22.7% |
| Equity10/15 | €29,477 | €45,481 | €58,879 | €71,605 | €59,901 | ▼ 16.3% |
| Contributions10/11 | - | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Reserves13 | €15,477 | €31,481 | €44,879 | €57,605 | €45,901 | ▼ 20.3% |
| Distributable reserves133 | - | €31,481 | €44,879 | €57,605 | €45,901 | ▼ 20.3% |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €104,435 | €102,402 | €85,600 | €74,610 | €53,077 | ▼ 28.9% |
| Amounts payable after more than one year17 | €67,318 | €52,422 | €37,279 | €21,886 | €9,064 | ▼ 58.6% |
| Financial debts170/4 | - | €52,422 | €37,279 | €21,886 | €9,064 | ▼ 58.6% |
| Amounts payable within one year42/48 | €35,217 | €49,981 | €48,206 | €52,724 | €43,507 | ▼ 17.5% |
| Current portion of amounts payable after more than one year42 | - | €14,897 | €15,143 | €15,393 | €12,822 | ▼ 16.7% |
| Trade debts44 | €3,335 | €16,247 | €17,715 | €4,524 | €3,508 | ▼ 22.5% |
| Suppliers440/4 | - | €16,247 | €17,715 | €4,524 | €3,508 | ▼ 22.5% |
| Taxes, remuneration and social security45 | - | €14,938 | €15,102 | €21,911 | €16,255 | ▼ 25.8% |
| Taxes450/3 | - | €14,938 | €15,102 | €21,911 | €16,255 | ▼ 25.8% |
| Other amounts payable47/48 | - | €3,899 | €247 | €10,897 | €10,921 | ▲ 0.2% |
| Accrued charges and deferred income492/3 | - | - | €115 | €0 | €506 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,077 | €17,603 | €13,398 | €27,726 | €12,296 | ▼ 55.7% |
| + Depreciation and write-downs630 | €4,482 | €7,892 | €10,325 | €11,063 | €10,090 | ▼ 8.8% |
| Operating cash flow (approximation) | €21,560 | €25,495 | €23,723 | €38,789 | €22,386 | ▼ 42.3% |
| Investment in fixed assets (approximation) | - | -€10,856 | €0 | -€1,027 | €0 | ▲ 100% |
| Change in cash | - | €1,077 | -€16,299 | €26,146 | -€21,523 | ▼ 182% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €12,296 ▼55.7%
Net result drops to €12,296, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
30-09
Financial
Highest result since 2021net €27,726 ▲107%
Operating result €39,787, net result €27,726, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wevelgem · 1 establishment unit since 2020
Ground area
659 m²
Building footprint
207 m²
Parcel 34012C0398/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Atelier Connecter
since 20202.305.543.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0398/00F000 | Flanders | 659 m² | 1 · 207 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,050 EUR awarded · 1,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 90 EUR | 90 EUR |
| 2024 | 1 | 270 EUR | 270 EUR |
| 2023 | 1 | 495 EUR | 695 EUR |
| 2022 | 1 | 195 EUR | 195 EUR |
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,504. 2,116 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-07-2020
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750808605
Also
9925:BE0750808605
Registered
15-04-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.