LM AUTO SERVICE: what changed
Position among the sector peers
Sector benchmark: create a free account or sign in to use this tool.
You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2021 and 2022
Largest movements
- Stocks and contracts +€36,819
up €36,819 (+2,062%), from €1,786 to €38,604
- Cash +€12,122
up €12,122 (+143%), from €8,481 to €20,603
mainly Trade debts (+€20,327) and Debts after one year (+€14,049)
- Receivables within one year +€6,077
up €6,077 (+213%), from €2,854 to €8,932
- Trade debts +€20,327
up €20,327 (+123%), from €16,536 to €36,862
- Debts after one year +€14,049
new in 2022: €14,049
- Current portion of long-term debt +€9,917
new in 2022: €9,917
- Other debts +€4,798
up €4,798 (+25.1%), from €19,107 to €23,905
- Profit (loss) carried forward +€4,774
up €4,774 (+27.4%), from -€17,417 to -€12,643
- Purchases and services +€138,426
new in 2022: €138,426
- Gross operating margin +€13,658
up €13,658, from -€3,369 to €10,290
- Other operating charges +€2,579
up €2,579 (+453%), from €570 to €3,148
- Financial income -€2,250
no longer reported in 2022 (was €2,250)
of which Non-recurring financial income: -€2,250
- Financial charges +€544
up €544 (+367%), from €148 to €692
Change in the result, 2021 to 2022
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2021 and 2022 balance sheets and the 2022 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,284 | €81,423 | +€55,139 | +210% |
| Fixed assets | 21/28 | €13,164 | €13,284 | +€120 | +0.9% |
| Tangible fixed assets | 22/27 | €10,564 | €10,684 | +€120 | +1.1% |
| Plant, machinery and equipment | 23 | €6,239 | €4,925 | -€1,314 | -21.1% |
| Furniture and vehicles | 24 | €4,325 | €5,759 | +€1,434 | +33.2% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €13,121 | €68,139 | +€55,019 | +419% |
| Stocks and contracts in progress | 3 | €1,786 | €38,604 | +€36,819 | +2,062% |
| Stocks | 30/36 | €1,786 | €38,604 | +€36,819 | +2,062% |
| Amounts receivable within one year | 40/41 | €2,854 | €8,932 | +€6,077 | +213% |
| Trade receivables | 40 | €2,854 | €8,932 | +€6,077 | +213% |
| Cash at bank and in hand | 54/58 | €8,481 | €20,603 | +€12,122 | +143% |
| Total equity and liabilities | 10/49 | €26,284 | €81,423 | +€55,139 | +210% |
| Equity | 10/15 | -€11,217 | -€6,443 | +€4,774 | +42.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,417 | -€12,643 | +€4,774 | +27.4% |
| Amounts payable | 17/49 | €37,502 | €87,866 | +€50,364 | +134% |
| Amounts payable after more than one year | 17 | - | €14,049 | +€14,049 | |
| Financial debts | 170/4 | - | €14,049 | +€14,049 | |
| Amounts payable within one year | 42/48 | €37,502 | €73,817 | +€36,316 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,917 | +€9,917 | |
| Trade debts | 44 | €16,536 | €36,862 | +€20,327 | +123% |
| Suppliers | 440/4 | €16,536 | €36,862 | +€20,327 | +123% |
| Taxes, remuneration and social security | 45 | €1,859 | €3,133 | +€1,274 | +68.5% |
| Taxes | 450/3 | €1,859 | €3,133 | +€1,274 | +68.5% |
| Other amounts payable | 47/48 | €19,107 | €23,905 | +€4,798 | +25.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €138,426 | +€138,426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,477 | €1,675 | +€198 | +13.4% |
| Other operating charges | 640/8 | €570 | €3,148 | +€2,579 | +453% |
| Gross operating margin | 9900 | -€3,369 | €10,290 | +€13,658 | |
| Operating profit (loss) | 9901 | -€5,415 | €5,466 | +€10,882 | |
| Financial income | 75/76B | €2,250 | - | -€2,250 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €2,250 | - | -€2,250 | |
| Financial charges | 65/66B | €148 | €692 | +€544 | +367% |
| Recurring financial charges | 65 | €148 | €692 | +€544 | +367% |
| Profit (loss) for the period before taxes | 9903 | -€3,314 | €4,774 | +€8,088 | |
| Profit (loss) for the period | 9904 | -€3,314 | €4,774 | +€8,088 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,314 | €4,774 | +€8,088 |
Value
latest balance sheet 31-12-2022 · indication, not a valuation or adviceIndicative value of the equity
Indication, not a valuation or adviceMidpoint €0 · adjusted equity only
Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50% revaluation €0 other adjustment €0 EBITDA multiple
The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.
Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.
Adjusted equity
- Equity (10/15)
- -€6,443
- Formation expenses (20)
- €0
- Intangible fixed assets (21)
- €0
- Revaluation of assets
- €0
- Deferred tax on the revaluation
- €0
- Other adjustment
- €0
- Adjusted equity
- -€6,443
Capitalised earnings
- 2022
- €4,774
- 2021
- -€3,314
- excluding non-recurring income and charges
- -€5,564
- 2020
- -€766
- 2019
- €676
- 2018
- -€7,080
- Average result, excluding non-recurring income and charges
- -€519
- Divided by the capitalisation rate
- 14% / 12% / 10%
- Capitalised earnings
- not meaningful, as the average result is zero or negative
Your EBITDA multiple
- EBITDA 2022
- €7,141
- Net financial debt
- €3,362
- Your multiple
- -
- Value with your multiple
- -
Net financial debt is the sum of financial debts after one year, the part due within the year and short-term financial debts, less cash and current investments.
Limits of the indication
- Checked holds no market prices or comparable transactions.
- Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
- Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
- The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.
For a valuation to base a decision on, go to a company auditor or a certified accountant.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2021 and 31 December 2022. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 12 November 2026 via checked.be.