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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
LMBA - LES MAITRES BOUCHERS D'ARDENNE from Stavelot, company number BE0480035578, closed financial year 2025 with a result of € 60,679 after tax. For that financial year LMBA - LES MAITRES BOUCHERS D'ARDENNE recorded a gross margin of € 2.1 million and equity of € -292,925. Compared with financial year 2024, the result moved from € 53,650 to € 60,679. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 27, 2025.
€ -292,925
▲ € 60,679 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 60,679
▲ 13% vs 2024
Profit after tax over the fiscal year.
€ 258,662
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -312,925.
People and assets in 2025
58.8
▲ 3.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▲ 8% vs 2024
€ 32,300 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.
€ 7,427
▲ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 126,265
▼ 13% vs 2024
€ 56,203 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.4 million
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 438,882
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,866,042 | € 1,645,651 | € 1,928,408 | € 2,055,659 | ▲ 7% |
| Profit after taxes | € -288,279 | € -99,412 | € 53,650 | € 60,679 | ▲ 13% |
| Equity | € -307,843 | € -407,254 | € -353,604 | € -292,925 | ▲ € 60,679 |
| Total debts | € 1,713,884 | € 1,945,087 | € 1,819,610 | € 1,971,526 | ▲ 8% |
| Cash | € 219,276 | € 196,214 | € 226,936 | € 258,662 | ▲ 14% |
| Land & buildings | - | - | - | € 5,633 | |
| Retained profit | € -327,843 | € -427,254 | € -373,604 | € -312,925 | ▲ € 60,679 |
| Bank debt | € 154,811 | € 138,531 | € 145,925 | € 126,265 | ▼ 13% |
| Balance sheet total | € 1,406,041 | € 1,537,832 | € 1,466,005 | € 1,678,601 | ▲ 15% |
| Employees (FTE) | 54.2 | 51.2 | 55.1 | 58.8 | ▲ 3.7 |
Key figures of LMBA - LES MAITRES BOUCHERS D'ARDENNE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to LMBA - LES MAITRES BOUCHERS D'ARDENNE?
What happened at LMBA - LES MAITRES BOUCHERS D'ARDENNE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 60,679 (▲ 13% vs 2024). filed late Source: NBB ↗
- New establishment in Eupen. KBO
- New establishment in Sankt Vith. KBO
- New establishment in Stavelot. KBO
- New establishment in Malmedy. KBO
- G.S.B.M. S.A. became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Büllingen. KBO
In short
From € 288,279 loss in 2022 to € 60,679 profit in 2025.
Paid € 104,159 in corporate taxes since 2022.
Best year ever: 2025, with € 60,679 profit.
On average € 35,000 of value added per employee in 2025.
Management
The stake of G.S.B.M. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LMBA - LES MAITRES BOUCHERS D'ARDENNEBehind LMBA - LES MAITRES BOUCHERS D'ARDENNE is G.S.B.M. S.A.. The shares are held by G.S.B.M. (99.5%).
Directors
According to the 2025 annual accounts
since 2003
Shareholders
99.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Place du 18 décembre 1944 1
4970 Stavelot
Luxemburger Strasse 50
4780 Sankt Vith
Active since 26 April 2011
Malmedyer Strasse 21
4760 Büllingen
Active since 1 April 2003
Avenue des Alliés 98
4960 Malmedy
Active since 1 January 2005
Rue d'Aix la Chapelle 38
4700 Eupen
Active since 1 May 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.035.578
- VAT number
- BE 0480.035.578
- Registered office
- Place du 18 décembre 1944 1, 4970 Stavelot
- Names & denominations
- LMBA - LES MAITRES BOUCHERS D'ARDENNE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 2003
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte
Detailhandel in vlees en vleeswaren
Detailhandel in wijnen en geestrijke dranken
Detailhandel in zuivelproducten en eieren
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Detailhandel in zuivelproducten en eieren in gespecialiseerde winkels