Equity
€32,249 from €117,893 in 2023
Equity fell by 73% in 1 year.
LRVM
Lifetime
14 annual accounts with figures on one time axispeak €776,469 (2022)
€517,135▼ 22.4%
lowest -€85,644 (2024)
-€85,644▼ €153,525
peak €117,893 (2023)
€32,249▼ 72.6%
€823,623▼ 1.8%
peak 8.9 FTE (2022)
7.8 FTE▲ 5.4%
Board6 names since 2019
2 directorsStalcom and 1 other
Owners
100%LAROVIMO
Documentsfilings and deeds
30-04-2026273 days late
2024abbreviated format
Gross margin from €666,712 to €517,135Loss of €85,644Equity from €117,893 to €32,249
Key points
from the 2024 annual accountsResult
-€85,644 -€85,644
From profit to loss in 2024, after a profit of €67,881 in 2023.
Debts
€823,623 96% of the balance sheet
Financial debts 5%Suppliers 51%Taxes and wages 9%Other 36%
Of this, €734,574 falls due within a year.
Staff
9 employees on 31-12-2024
In 2024, 3 people joined and 3 left.
Filings
14 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€85,644
Lower net result than 95% of companies in specialised construction. Sector median €45,013 · 7,406 companies.
Checked score
30
Weak
Financially stronger than 8% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
9.5% Elevated
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 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.5%▼ -0.1 percentage points vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025lowest value
07-2025: 2.0%▲ +0.5 percentage points vs 06-2025
08-2025: 2.9%▲ +0.9 percentage points vs 07-2025
09-2025: 3.6%▲ +0.7 percentage points vs 08-2025
10-2025: 5.0%▲ +1.4 percentage points vs 09-2025
11-2025: 5.1%▲ +0.1 percentage points vs 10-2025
12-2025: 5.6%▲ +0.5 percentage points vs 11-2025
01-2026: 7.0%▲ +1.4 percentage points vs 12-2025
02-2026: 7.0%● unchanged vs 01-2026
03-2026: 7.0%● unchanged vs 02-2026
04-2026: 6.4%▼ -0.6 percentage points vs 03-2026
05-2026: 6.4%● unchanged vs 04-2026
06-2026: 8.3%▲ +1.9 percentage points vs 05-2026
07-2026: 8.4%▲ +0.1 percentage points vs 06-2026
08-2026: 9.1%▲ +0.7 percentage points vs 07-2026
09-2026: 9.3%▲ +0.2 percentage points vs 08-2026
10-2026: 9.5%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 9.5%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 273 days late; 1 of the last 3 accounts late
Size: 7.8 FTE, total assets €855,872
Equity €32,249 (3.8% of total assets)
lowers risk
Founded in 2010
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, 5% on liquidity, 10% on profitability and 6% 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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 LRVM 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.
The bankruptcy probability of LRVM itself is higher: 9.5% within 12 months. It rests on far more data about LRVM than the profile alone.
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 LRVM. 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
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.06 (1.13 in 2023), below the usual 1.5. Short-term debt is 85.8% and cash 4.1% of total assets. 96.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven 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 7% of 7411 sector peers (2024).
NBB · sector comparisonPosition among 7411 sector peers
Solvency
better than 7%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 273 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-04-2026, 273 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
273 days late
2023
13 days early
2022
84 days early
2021
1 day early
2020
5 days early
2019
14 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 31 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 (1)
Recent changes
Merger: WV Office takes over Q2 Construct
Company renamed to LRVM · New name: LRVM · Issue of 2,823 shares · General meeting of 19-07-2022 · Gazette deed
Merger proposal: WV OFFICE takes over Q2 CONSTRUCT
Permanent representatives: Laurens Stammen, Katrien Vandekerckhove and Ronald Stammen · LAROVIMO BV holds 186 shares · LAROVIMO BV holds 200 shares · Gazette deed
Merger proposal: WV OFFICE takes over Q1
Permanent representatives: Laurens Stammen, Katrien Vandekerckhove, Ronald Stammen and Dirk Mangelschots · LAROVIMO BV holds 186 shares · Name change: nog nader te bepalen benaming · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LRVM Heusden-Zolder | €0.9m | €517,135 | 3.8% | 7.8 |
| maKs Bruges | €0.9m | €440,571 | 19.8% | 9.1 |
| ELASTOFLEX PROJECTS Hasselt | €1.1m | €751,571 | 75.0% | 7.3 |
| AND'OR Dilbeek | €0.8m | €482,208 | 54.1% | 6 |
| ISOLPRO Lubbeek | €1.0m | €561,000 | 61.6% | 8 |
| HUMIVA Tournai | €0.7m | €711,119 | 38.1% | 7.2 |
| ISOLATION SERVICES Flémalle | €0.8m | €839,187 | 67.0% | 7.4 |
These companies have the same main activity as LRVM: insulation installation (NACE 43230). They are comparable in size and age: total assets between €732,000 and €1.1m, founded between 2005 and 2012.
Official details
Source: KBO- Status
- Active since 16-09-2010Normal situation
- Activity
- Insulation installationNACE 43230and 1 other
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment units
- 2.199.267.5383550 Heusden-Zolder, since 16-09-2010
- 2.333.487.9232200 Herentals, since 19-07-2022and 4 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2024
- ≈ €1.3mestimated
- €855,872▼ 10.6%
- Employeeson 31-12-2024
- 9=
- Filing
- Filed on 30-04-2026
Insights on LRVM
LRVM files the abbreviated format. That format states no turnover. The gross margin rose from €62,580 in 2011 to €517,135 in 2024.
LAROVIMO holds all the shares.
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 LRVM
- What is the company number of LRVM?
- The company number of LRVM is 0829.328.521. The VAT number is the same number with BE in front: BE 0829.328.521.
- Where is LRVM based?
- The registered office is at De Lange Beemden 11, 3550 Heusden-Zolder.Company details
- What does LRVM do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of LRVM?
- LRVM is a private limited company (pre-2019) (BVBA).
- When was LRVM founded?
- LRVM was founded on 16-09-2010.
- Is LRVM still active?
- Yes, LRVM is an active enterprise in the KBO register.
- How many employees does LRVM have?
- LRVM had an average of 7.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does LRVM fall under?
- In its 2024 annual accounts, LRVM states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of LRVM?
- The turnover in financial year 2024 is ≈ €1.3m. This figure is estimated from the gross margin of €517,135 and 46 comparable companies (NACE 432). It probably lies between €1.1m and €1.7m.
- Is LRVM profitable?
- In financial year 2024, LRVM made a loss of €85,644.
- Where can I find the annual accounts of LRVM?
- LRVM filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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