L.M
Open bankruptcySummary
A bankruptcy procedure is open for L.M according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-16k) and a net result of €22k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 107 sector peers (2024).
NBB · sector comparisonPosition among 107 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
28 d late
2022
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-16k▲ 57.1%
2023 · €-38k
2022: €-4k
2023: €-38k
2022 → 2024
Total assets
€143k▲ 307%
2023 · €35k
2022: €41k
2023: €35k
2022 → 2024
Net result
€22k
2023 · €-34k
2022: €-7k
2023: €-34k
2022 → 2024
Working capital
€-25k▲ 46.5%
2023 · €-47k
2022: €-10k
2023: €-47k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€-4k-€-38k▼ 824%€-16k▲ 57.1%
Operating result€-6k-€-30k▼ 408%€25k
Net result€-7k-€-34k▼ 377%€22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €25k after a loss of €30k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €143k
Fixed assets
€22k ▼ 17.3%
Current assets
€121k ▲ 1,345%
Key figures and ratios
EBITDA
€30k▲
2023 · €-26k
Cash flow
€26k▲
2023 · €-30k
Solvency
-11.5%▲
2023 · -108.8%
Current ratio
0.83▲
2023 · 0.15
Debt to equity
-9.72▼
2023 · -1.92
ROA
15.3%▲
2023 · -97.1%
Interest coverage
9.39▲
2023 · -7.04
Debt
€159k▲
2023 · €73k
Debt ≤ 1 year
€146k▲
2023 · €55k
Debt > 1 year
€13k▼
2023 · €18k
Income taxes
€128▲
2023 · €123
Staff costs
€28k▼
2023 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€35k€143k▲
Fixed assets21/28€27k€22k▼
Intangible fixed assets21€26k€21k▼
Tangible fixed assets22/27€980€641▼
Plant, machinery and equipment23€980€641▼
Current assets29/58€8k€121k▲
Amounts receivable within one year40/41€6k€120k▲
Trade receivables40€5k€119k▲
Other amounts receivable41€1k€340▼
Cash at bank and in hand54/58€3k€800▼
Equity and liabilities
Total equity and liabilities10/49€35k€143k▲
Equity10/15€-38k€-16k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-41k€-19k▲
Amounts payable17/49€73k€159k▲
Amounts payable after more than one year17€18k€13k▼
Financial debts170/4€18k€13k▼
Amounts payable within one year42/48€55k€146k▲
Trade debts44€25k€94k▲
Suppliers440/4€25k€94k▲
Taxes, remuneration and social security45€19k€15k▼
Taxes450/3€540€464▼
Remuneration and social security454/9€18k€14k▼
Other amounts payable47/48€11k€37k▲
Accrued charges and deferred income492/3-€900
Income statement
Code20232024
Remuneration, social security and pensions62€34k€28k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€749€802▲
Gross operating margin9900€8k€58k▲
Operating profit (loss)9901€-30k€25k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-34k€22k▲
Income taxes67/77€123€128▲
Profit (loss) for the period9904€-34k€22k▲
Profit (loss) for the period to be appropriated9905€-34k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-19k▲
Profit (loss) brought forward from the previous period14P€-7k€-41k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · L.M BV MUISVENSTRAAT 16 BUS 2 16/2, 3670. OUDSBERGEN · event 13-11-2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oudsbergen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Muisvenstraat 163670 OudsbergenGround area
670 m²
Building footprint
275 m²
Volume, LiDAR
32 m³
Parcel 72011C0669/00C000, Flanders · tallest building 4.3 m. Linked by address, not a title deed.
1 establishment unit
L.M
since 20212.325.300.133
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72011C0669/00C000 | Flanders | 670 m² | 1 · 275 m² | 4.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MARK HUYGEN RIEMSTERWEG 7A BUS 2,
3740 BILZEN-HOESELT |
13-11-2025 → present |
| Curator | MARTINE
CLAESEN RIEMSTERWEG 7A BUS 2, 3740 BILZEN-HOESELT- |
13-11-2025 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 5,311 EUR awarded · 5,311 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 5,311 EUR | 5,311 EUR |
Schemes
Vlaams beschermingsmechanisme 12 (stopgezet)
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 506 companies in sector 92000 we hold annual accounts for 303. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
92000Gambling and betting activities
74991Agents and managers of artists, athletes and other public figures
93192Activities of independent sportspeople
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.