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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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
LSM from Herve, company number BE0757905837, closed financial year 2025 with a result of € 72,225 after tax. For that financial year LSM recorded a gross margin of € 98,419 and equity of € 312,727. Compared with financial year 2024, the result moved from € 120,530 to € 72,225. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 312,727
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 72,225
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 316,761
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 36,000 paid out
50 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 3,481
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,950
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,105
▼ 48% 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 | € 118,748 | € 120,511 | € 163,815 | € 98,419 | ▼ 40% |
| Profit after taxes | € 86,158 | € 87,344 | € 120,530 | € 72,225 | ▼ 40% |
| Equity | € 210,038 | € 297,381 | € 276,502 | € 312,727 | ▲ 13% |
| Total debts | € 60,809 | € 40,556 | € 160,373 | € 44,055 | ▼ 73% |
| Cash | € 214,791 | € 256,558 | € 309,523 | € 316,761 | ▲ 2% |
| Retained profit | € 207,038 | € 294,381 | € 273,502 | € 309,727 | ▲ 13% |
| Dividend | € 0 | € 0 | € 141,409 | € 36,000 | ▼ 75% |
| Balance sheet total | € 270,847 | € 337,938 | € 436,875 | € 356,782 | ▼ 18% |
Key figures of LSM, 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 LSM?
What happened at LSM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 72,225 (▼ 40% vs 2024). Source: NBB ↗
- New establishment in Herve. KBO
- Luc SPIRLET became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 86,158 profit in 2022 to € 72,225 profit in 2025.
Paid € 144,493 in corporate taxes since 2022.
Best year ever: 2024, with € 120,530 profit.
Paid out € 177,409 in dividends to the owners in total.
Management
Behind LSM is Luc SPIRLET. Luc SPIRLET is also behind ETABLISSEMENTS FELIX SPIRLET FILS, Spirletliège and GROUPE SPIRLET.
Directors
According to the 2025 annual accounts
Luc SPIRLET
Director
Also active at: ETABLISSEMENTS FELIX SPIRLET FILS, Spirletliège, GROUPE SPIRLET
since 2020
Establishments
Establishment units
Physical locations of this company
Rue de Verviers 73
4651 Herve
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0757.905.837
- VAT number
- BE 0757.905.837
- Registered office
- Rue de Verviers 73, 4651 Herve
- Names & denominations
- LSM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 November 2020
- Peppol
- Not registered
- Activities · NACE
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