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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
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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
REAL ESTATE LM from Honnelles, company number BE0828455521, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year REAL ESTATE LM recorded a gross margin of € -73,025 and equity of € 58.4 million. Compared with financial year 2024, the result moved from € -1.9 million to € -1.1 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 58.4 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▲ 41 % less loss than in 2024
Profit after tax over the fiscal year.
€ 341,127
▲ € 309,456 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
People and assets in 2025
0.3
Average over the fiscal year, from the social balance sheet.
€ 14,751
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 36.3 million
▼ 20% vs 2024
Loans from banks and other lenders, long and short.
€ 35,336
▲ 250% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,362
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -50,155 | € -27,246 | € -37,319 | € -73,025 | ▼ € 35,706 |
| Profit after taxes | € -389,743 | € 121,104 | € -1,949,002 | € -1,144,962 | ▲ € 804,040 |
| Equity | € 11,916,037 | € 12,037,141 | € 59,588,139 | € 58,443,177 | ▼ 2% |
| Total debts | € 66,794,283 | € 96,078,736 | € 48,836,516 | € 37,968,143 | ▼ 22% |
| Cash | € 340,198 | € 36,322 | € 31,671 | € 341,127 | ▲ € 309,456 |
| Retained profit | € 1,916,037 | € 2,037,141 | € 88,139 | € -1,056,823 | ▼ € 1.1 million |
| Bank debt | € 66,702,785 | € 93,452,785 | € 45,383,455 | € 36,313,424 | ▼ 20% |
| Balance sheet total | € 78,710,320 | € 108,115,877 | € 108,424,655 | € 96,411,320 | ▼ 11% |
| Employees (FTE) | - | - | - | 0.3 |
Key figures of REAL ESTATE LM, 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 REAL ESTATE LM?
What happened at REAL ESTATE LM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.1 million. Source: NBB ↗
- Laurent MENISSEZ became a director. NBB
- New establishment in Honnelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 389,743 loss in 2022 to € 1.1 million loss in 2025.
Best year ever: 2023, with € 121,104 profit.
Management
The stake of Financière L.M. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
REAL ESTATE LMBehind REAL ESTATE LM is Laurent MENISSEZ. The shares are held by Financière L.M. (100%). It owns 100% of REAL ESTATE LA FERME, 100% of SCI IMMO POINCARE, 100% of SCI GREVAUX, 100% of SCI ISABELA SARL, 100% of SCI AS DE TREFLE and 100% of SCI LM LES PRES itself.
Directors
According to the 2025 annual accounts
Laurent MENISSEZ
Director
Also active at: LM Lombard Street, TRADITIONAL BREAD BELGIUM, GENPAP, LOUCOR, MARMAS, MONBAU, COUCOM, BOULOV +26 more
since 2010
Shareholders
100%
Participations
100%
SCI IMMO POINCARE
100%
SCI GREVAUX
100%
SCI ISABELA SARL
100%
SCI AS DE TREFLE
100%
SCI LM LES PRES
100%
SCI SENART
100%
SCI CHEMIN VERT
100%
SCI LM DENIS PAPIN
100%
SCI ACACIAS
100%
SCI RUEIL
100%
SCI LM CANADA
100%
SCI AUCHY LES MINES
100%
SCI LA PAUS ALTITUDE
100%
Establishments
Establishment units
Physical locations of this company
Rue de la Ligne(ROI) 61
7387 Honnelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0828.455.521
- VAT number
- BE 0828.455.521
- Registered office
- Rue de la Ligne(ROI) 61, 7387 Honnelles
- Names & denominations
- REAL ESTATE LM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 August 2010
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen