Active BE 0870.297.658Private limited company

L.M.S.

Rue Huart Chapel 43 ·6000 Charleroi, Belgium· 21 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

L.M.S. is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €162k and a net result of €3k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 32% of 9871 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€162k
Net result	€3k
Better than sector	32%
Active	21 yrs

Financial profile 4 of 5 axes measured · computed by Checked

50 / 100

Mixed profile: strong on stability, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 8

Solvency 41

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2004, 21 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview20 NBB filings

Annual accounts filed on 24-09-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~6%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	33.4%	54.8%	better than 32% of 9871 sector peers
Net result	€3k	€29k	better than 24% of 9868 sector peers
Equity	€162k	€137k	better than 54% of 9878 sector peers
Gross operating margin	€39k	€58k	better than 39% of 9858 sector peers
Total assets	€486k	€337k	better than 60% of 9875 sector peers

Net profit

€3k

-84.0% 21-24

Total assets

€486k

-7.9% 21-24

Equity

€162k

+1.6% 21-24

Income taxes

€9k

- 21-24

Debt

€323k

-12.0% 21-24

Debt ≤ 1y

€231k

-8.1% 21-24

Debt > 1y

€92k

-20.5% 21-24

Solvency

33.4%

+10.3% 21-24

ROE

1.6%

-84.2% 21-24

ROA

0.5%

-82.6% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€3k	€16k	€7k	€8k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€9k	-	-	-
Dividends	-	-	-	-
Total assets	€486k	€527k	€531k	€543k
Equity	€162k	€160k	€144k	€137k
Debt	€323k	€367k	€387k	€406k
of which ≤ 1y	€231k	€252k	€249k	€247k
of which > 1y	€92k	€116k	€138k	€159k
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	33.4%	30.3%	27.1%	25.3%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	0.5%	3.0%	1.2%	1.5%
ROE	1.6%	10.0%	4.6%	5.8%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2024

Assets

Fixed assets €484k · 99.7% Current assets €1k · 0.3%

Equity & liabilities

Equity €162k · 33.4% Debt €323k · 66.6%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€486k	€527k	€531k	€543k
Fixed assets	21/28	€484k	€502k	€520k	€337k
Tangible fixed assets	22/27	€284k	€302k	€320k	€337k
Financial fixed assets	28	€200k	€200k	€200k	-
Current assets	29/58	€1k	€25k	€11k	€206k
Stocks & contracts in progress	3	-	€9k	€9k	-
Amounts receivable within one year	40/41	€190	€16k	-	€200k
Cash & bank	54/58	€1k	€368	-	-
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€486k	€527k	€531k	€543k
Equity	10/15	€162k	€160k	€144k	€137k
Contributions / capital	10/11	€12k	€12k	€12k	€12k
Accumulated profits (losses)	14	€-100k	€-103k	€-119k	€-125k
Amounts payable	17/49	€323k	€367k	€387k	€406k
Amounts payable after one year	17	€92k	€116k	€138k	€159k
Amounts payable within one year	42/48	€231k	€252k	€249k	€247k
Trade debts payable within one year	44	€243	€16k	-	€2k
Income statement
Gross operating margin	9900	€39k	€44k	€36k	€40k
Operating result	9901	€18k	€24k	€16k	€19k
Financial charges	65	€7k	€8k	€9k	€11k
Result before taxes	9903	€12k	€16k	€7k	€8k
Income taxes	67/77	€9k	-	-	-
Net result for the period	9904	€3k	€16k	€7k	€8k
Result to be appropriated	9905	€3k	€16k	€7k	€8k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	01-12-2004
Status	Active
Postal code	6000

Establishment units 1 location

L.M.S.

Rue Huart Chapel 43, 6000 CharleroiHoldings

since 20042.147.553.472

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52011B0239/00Y178	Wallonia	65 m²	1 · 66 m²	16.1 m · 5 fl.

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.

Updates 10 events

All 13Financial 3Filings 10

2025

24-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 55 days late

2024

31-12

Financial Weakest financial yearnet €3k ▼84%

Net result drops to €3k, the lowest in the series.

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2023

31-12

Financial Highest result since 2021net €16k ▲142%

Operating result €24k, net result €16k, both a record.

31-12

Financial Equity above €150kEq €160k ▲11.1%

3 profitable years in a row build equity to €160k.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

2022

21-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 21 days late

2021

30-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 91 days late

2020

09-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 101 days late

01-04

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 245 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 30 days late

2017

29-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 29 days late

2016

08-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 8 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Renting and operating of own or leased residential real estate, excluding social housing68201

Names & trade names

Legal nameFR

L.M.S.

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