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.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
LM 19 from Sint-Pieters-Woluwe, company number BE0701715024, closed financial year 2025 with a result of € -31,112 after tax. For that financial year LM 19 recorded a gross margin of € 188,082 and equity of € -430,549. Compared with financial year 2024, the result moved from € -83,304 to € -31,112. The company made a loss. 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 July 17, 2026.
€ -430,549
▼ € 31,112 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31,112
▲ 63 % less loss than in 2024
Profit after tax over the fiscal year.
€ 72,188
▲ € 55,972 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -530,549.
Debts at end 2025
€ 4.4 million
▼ 1% vs 2024
€ 35,268 is repaid this year. At this pace the long-term loan is gone in ≈ 125 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 195,604 | € 158,261 | € 161,961 | € 188,082 | ▲ 16% |
| Profit after taxes | € 8,003 | € -91,809 | € -83,304 | € -31,112 | ▲ € 52,192 |
| Equity | € -224,325 | € -316,133 | € -399,437 | € -430,549 | ▼ € 31,112 |
| Total debts | € 4,565,909 | € 4,452,922 | € 4,470,935 | € 4,434,227 | ▼ 1% |
| Cash | € 120,731 | € 15,285 | € 16,216 | € 72,188 | ▲ € 55,972 |
| Land & buildings | € 4,218,443 | € 4,118,462 | € 4,052,489 | € 3,928,722 | ▼ 3% |
| Retained profit | € -324,325 | € -416,133 | € -499,437 | € -530,549 | ▼ € 31,112 |
| Bank debt | € 4,554,612 | € 4,441,327 | € 4,458,760 | € 4,424,241 | ▼ 1% |
| Balance sheet total | € 4,341,584 | € 4,136,789 | € 4,071,498 | € 4,003,678 | ▼ 2% |
Key figures of LM 19, 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 July 2027.
What happened to LM 19?
What happened at LM 19 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 31,112. Source: NBB ↗
- Xavier De Cremer became a director. NBB
- New establishment in Sint-Pieters-Woluwe. KBO
- Geoffrey De Cremer became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 8,003 profit in 2022 to € 31,112 loss in 2025.
Paid € 0 in corporate taxes since 2022.
Best year ever: 2022, with € 8,003 profit.
Management
Behind LM 19 are Geoffrey De Cremer and Xavier De Cremer. The same people are also behind LASYGEXA and RESYDENTIA. Geoffrey De Cremer is also behind Mercury INVEST.
Directors
According to the 2025 annual accounts
since 2018
since 2021
Establishments
Establishment units
Physical locations of this company
Cactuslaan 24
1150 Sint-Pieters-Woluwe
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
- 0701.715.024
- VAT number
- BE 0701.715.024
- Registered office
- Cactuslaan 24, 1150 Sint-Pieters-Woluwe
- Names & denominations
- LM 19
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 August 2018
- Peppol
- Active · Active since 7 Jan 2026