LMAG
ActiveLMAG has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €12k. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+1
Solvency42▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.11 in 2024; short-term debt: 81.4% and cash: 1% of total assets), and 83.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
16.9%
Return on assets
0.9%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7931 sector peers (2025).
NBB · sector comparisonPosition among 7931 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 8 filingsDeviation from the deadline
2025
26 d late
2024
20 d late
2023
19 d late
2022
19 d late
2021
5 d late
2020
28 d late
2019
24 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▲ 157%
2024 · €5k
2018: €24k
2019: €26k
2020: €10k
2021: €24k
2022: €42k
2023: €94k
2024: €5k
2018 → 2025
Working capital
€179k▲ 18.6%
2024 · €151k
2018: €19k
2019: €54k
2020: €62k
2021: €32k
2022: €56k
2023: €144k
2024: €151k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€105k▲ 67.6%€199k▲ 90.0%€204k▲ 2.3%€215k▲ 5.8%
Operating result€37k-€61k▲ 64.2%€134k▲ 119%€15k▼ 88.9%€24k▲ 63.7%
Net result€24k-€42k▲ 75.2%€94k▲ 123%€5k▼ 95.2%€12k▲ 157%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€59k▼ 21.3%
Current assets
€1.22M▼ 17.1%
Equity and liabilities €1.27M
Equity
€215k▲ 5.8%
Debt
€1.06M▼ 20.9%
The debt ratio falls from 86.8% to 83.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2024 · €48k
Cash flow
€45k▲
2024 · €38k
Solvency
16.9%▲
2024 · 13.2%
Current ratio
1.17▲
2024 · 1.11
Quick ratio
0.60▼
2024 · 0.70
Debt / equity
4.92▼
2024 · 6.57
ROE
5.4%▲
2024 · 2.2%
ROA
0.9%▲
2024 · 0.3%
Interest coverage
8.02▼
2024 · 13.01
Debt
€1.06M▼
2024 · €1.34M
Debt ≤ 1 year
€1.04M▼
2024 · €1.32M
Debt > 1 year
€22k▲
2024 · €22k
Income taxes
€6k▼
2024 · €7k
Staff costs
€130k▼
2024 · €176k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.54M€1.27M▼
Fixed assets21/28€75k€59k▼
Tangible fixed assets22/27€75k€59k▼
Plant, machinery and equipment23€2k€17k▲
Furniture and vehicles24€68k€38k▼
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€190€190=
Current assets29/58€1.47M€1.22M▼
Stocks and contracts in progress3€547k€590k▲
Stocks30/36€547k€590k▲
Amounts receivable within one year40/41€879k€587k▼
Trade receivables40€829k€542k▼
Other amounts receivable41€50k€45k▼
Current investments50/53€26k€26k=
Cash at bank and in hand54/58€15k€13k▼
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.27M▼
Equity10/15€204k€215k▲
Contributions10/11€20k€20k=
Reserves13€183k€195k▲
Non-distributable reserves130/1€26k€26k=
Own shares acquired1312€26k€26k=
Distributable reserves133€157k€169k▲
Amounts payable17/49€1.34M€1.06M▼
Amounts payable after more than one year17€22k€22k▲
Financial debts170/4€22k€22k▲
Amounts payable within one year42/48€1.32M€1.04M▼
Current portion of amounts payable after more than one year42€20k€15k▼
Financial debts43-€150k
Credit institutions430/8-€150k
Trade debts44€1.24M€797k▼
Suppliers440/4€1.24M€797k▼
Taxes, remuneration and social security45€39k€63k▲
Taxes450/3€22k€43k▲
Remuneration and social security454/9€17k€20k▲
Other amounts payable47/48€13k€13k=
Accrued charges and deferred income492/3-€176
Income statement
Code20242025
Remuneration, social security and pensions62€176k€130k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€33k▼
Other operating charges640/8€9k€2k▼
Gross operating margin9900€233k€189k▼
Operating profit (loss)9901€15k€24k▲
Financial income75/76B€775€159▼
Recurring financial income75€775€159▼
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€12k€17k▲
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€5k€12k▲
Profit (loss) for the period to be appropriated9905€5k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€12k▲
Transfer to equity691/2€5k€12k▲
To other reserves6921€5k€12k▲
Social balance
Average headcount (FTE)90874.03.0▼
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet €5k ▼95.2%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €204k ▲2.3%
7 profitable years in a row build equity to €204k.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €94k ▲123%
Operating result €134k, net result €94k, both a record.
31-12
Financial
Equity above €150kEq €199k ▲90%
6 profitable years in a row build equity to €199k.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 19 days late
2022
31-12
Financial
Equity above €100kEq €105k ▲67.6%
5 profitable years in a row build equity to €105k.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial 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, Beyne-Heusay · 2 establishment units since 2018
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.
Rue Grand'Route 5004610 Beyne-HeusayGround area
390 m²
Building footprint
102 m²
Volume, LiDAR
1,017 m³
Parcel 62084B0245/00R000, Wallonia · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
LMAG
since 20182.273.709.296
LMAG
since 20232.349.073.150
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62084B0245/00R000 | Wallonia | 390 m² | 1 · 102 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,246 companies in sector 46643 we hold annual accounts for 954. 693 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2018
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
70200Business and other management consultancy
70220Business consulting
47521Retail sale of hardware, building materials, paint and glass (general range)
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.