Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
LM Belgium from Steenokkerzeel, company number BE0414699051, closed financial year 2024 with a result of € -432,529 after tax. For that financial year LM Belgium recorded a gross margin of € 2.7 million and equity of € 337,956. Compared with financial year 2023, the result moved from € -953,031 to € -432,529. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2025.
€ 337,956
▲ € 317,471 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -432,529
▲ 55 % less loss than in 2023
Profit after tax over the fiscal year.
€ 644,898
▲ 40% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.8 million.
People and assets in 2024
27.1
▲ 4.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▲ 15% vs 2023
€ 101,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.8 million
▲ 196% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 328
▼ 99% vs 2023
Loans from banks and other lenders, long and short.
€ 3.6 million
▲ 113% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 388,977
▲ 197% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 118,756 | € 1,294,179 | € 1,907,862 | € 2,722,983 | ▲ 43% |
| Profit after taxes | € -1,337,841 | € -1,045,036 | € -953,031 | € -432,529 | ▲ € 520,502 |
| Equity | € 118,553 | € 73,517 | € 20,486 | € 337,956 | ▲ € 317,471 |
| Total debts | € 1,951,462 | € 2,442,708 | € 1,859,132 | € 4,085,582 | ▲ 120% |
| Cash | € 464,862 | € 632,983 | € 459,781 | € 644,898 | ▲ 40% |
| Retained profit | € -2,355,039 | € -3,400,075 | € -4,353,106 | € -4,785,636 | ▼ € 432,529 |
| Bank debt | € 393,184 | € 228,562 | € 52,014 | € 328 | ▼ 99% |
| Balance sheet total | € 2,070,015 | € 2,516,225 | € 1,879,618 | € 4,423,539 | ▲ 135% |
| Employees (FTE) | 16.7 | 19.5 | 22.8 | 27.1 | ▲ 4.3 |
Key figures of LM Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to LM Belgium?
What happened at LM Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 432,529. Source: NBB ↗
- Matthias Colsoul stepped down as director. NBB
- Vincenzo Conca became a director. NBB
- Ales Tiamsa became a director. NBB
- Matthias Colsoul became a director. NBB
- Massimo Dispensa became a director. NBB
- Alberto Remondini became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1.3 million loss in 2021 to € 432,529 loss in 2024.
Paid € 834 in corporate taxes since 2021.
On average € 100,500 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind LM Belgium are Massimo Dispensa, Alberto Remondini, Vincenzo Conca and Ales Tiamsa.
Directors
According to the 2024 annual accounts
Massimo Dispensa
Director
since 2020
Alberto Remondini
Director
since 2020
Vincenzo Conca
Director
since 2024
Ales Tiamsa
Director
since 2023
Matthias Colsoul
Director
since 2023 · until 2025
Establishments
Establishment units
Physical locations of this company
Vliegveld 63
1820 Steenokkerzeel
Luchthaven Brussel Nationaal ZN
1930 Zaventem
Active since 1 November 1974
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.699.051
- VAT number
- BE 0414.699.051
- Registered office
- Vliegveld 63, 1820 Steenokkerzeel
- Names & denominations
- LM Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 November 1974
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Diensten in verband met de luchtvaart
Overige ondersteunende activiteiten i.v.m. de luchtvaart