Financials
Financial year 2025
L & M Works from Aalst, company number BE0845244736, closed financial year 2025 with a result of € 31,023 after tax. For that financial year L & M Works recorded a gross margin of € 207,264 and equity of € 264,355. Compared with financial year 2024, the result moved from € 16,036 to € 31,023. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 264,355
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,023
▲ 93% vs 2024
Profit after tax over the fiscal year.
€ 25,128
▼ 37% 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 € 245,755.
People and assets in 2025
2
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 109,922
▼ 9% vs 2024
€ 55,000 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.
€ 3,334
▼ 72% vs 2024
Of which on lease € 3,334.
Debts at end 2025
€ 204,924
▲ 54% vs 2024
€ 10,249 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 364,862
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,144
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 275,166 | € 256,200 | € 193,966 | € 207,264 | ▲ 7% |
| Profit after taxes | € 66,173 | € 36,321 | € 16,036 | € 31,023 | ▲ 93% |
| Equity | € 180,975 | € 217,296 | € 233,332 | € 264,355 | ▲ 13% |
| Total debts | € 667,348 | € 841,244 | € 700,610 | € 596,930 | ▼ 15% |
| Cash | € 31,998 | € 28,588 | € 39,622 | € 25,128 | ▼ 37% |
| Land & buildings | € 117,982 | € 114,778 | € 111,707 | € 108,671 | ▼ 3% |
| Retained profit | € 162,375 | € 198,696 | € 214,732 | € 245,755 | ▲ 14% |
| Bank debt | € 248,256 | € 203,895 | € 133,412 | € 204,924 | ▲ 54% |
| Balance sheet total | € 848,323 | € 1,058,540 | € 933,942 | € 861,285 | ▼ 8% |
| Employees (FTE) | 2.1 | 1.9 | 1.7 | 2 | ▲ 0.3 |
Key figures of L & M Works, 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 L & M Works?
What happened at L & M Works in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,023 (▲ 93% vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Aalst. KBO
In short
From € 66,173 profit in 2022 to € 31,023 profit in 2025.
Paid € 89,200 in corporate taxes since 2022.
Best year ever: 2022, with € 66,173 profit.
On average € 103,600 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
JON DE RYCK
Director
Establishments
Establishment units
Physical locations of this company
Ledebaan 55
9300 Aalst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
NEDZONE-AS, NL
Website info
Features
Security
Network
Details
- Company number
- 0845.244.736
- VAT number
- BE 0845.244.736
- Registered office
- Ledebaan 55, 9300 Aalst
- Names & denominations
- L & M Works
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 April 2012
- Peppol
- Active · Active since 11 Jan 2026
- Contact
- lm-works.be
- Activities · NACE
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