Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
L.M. Diving Service from Oudenaarde, company number BE0477316709, closed financial year 2025 with a result of € 92,185 after tax. For that financial year L.M. Diving Service recorded a gross margin of € 298,326 and equity of € 384,823. Compared with financial year 2024, the result moved from € 122,514 to € 92,185. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 27, 2026.
€ 384,823
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 92,185
▼ 25% vs 2024
Profit after tax over the fiscal year.
€ 47,375
▲ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 16,529 paid out
18 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 173,311
▲ 2% vs 2024
Of which on lease € 115,356.
Debts at end 2025
€ 1.1 million
▲ 15% vs 2024
€ 139,464 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 50,050
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,491
▼ 69% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 211,173 | € 313,353 | € 317,940 | € 298,326 | ▼ 6% |
| Profit after taxes | € 77,682 | € 183,080 | € 122,514 | € 92,185 | ▼ 25% |
| Equity | € 93,765 | € 252,346 | € 309,166 | € 384,823 | ▲ 24% |
| Total debts | € 1,229,329 | € 1,228,888 | € 1,140,183 | € 1,222,504 | ▲ 7% |
| Cash | € 136,330 | € 116,304 | € 36,292 | € 47,375 | ▲ 31% |
| Land & buildings | € 782,864 | € 831,810 | € 871,325 | € 1,234,857 | ▲ 42% |
| Retained profit | € 75,165 | € 233,746 | € 290,566 | € 366,223 | ▲ 26% |
| Dividend | € 0 | € 24,500 | € 65,694 | € 16,529 | ▼ 75% |
| Bank debt | € 1,172,239 | € 1,084,973 | € 995,902 | € 1,149,180 | ▲ 15% |
| Balance sheet total | € 1,323,094 | € 1,481,233 | € 1,449,349 | € 1,607,326 | ▲ 11% |
Key figures of L.M. Diving Service, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to L.M. Diving Service?
What happened at L.M. Diving Service in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 92,185 (▼ 25% vs 2024). filed late Source: NBB ↗
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 77,682 profit in 2022 to € 92,185 profit in 2025.
Paid € 103,140 in corporate taxes since 2022.
Best year ever: 2023, with € 183,080 profit.
Paid out € 106,722 in dividends to the owners in total.
Management
Behind L.M. Diving Service are KOEN MATTHYS and Tristan Matthys.
Directors
According to the 2025 annual accounts
KOEN MATTHYS
Director
Tristan Matthys
Director
Establishments
Establishment units
Physical locations of this company
Vaddenhoek 36
9700 Oudenaarde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.316.709
- VAT number
- BE 0477.316.709
- Registered office
- Vaddenhoek 36, 9700 Oudenaarde
- Names & denominations
- L.M. Diving Service
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 2002
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
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