Financials
Financial year 2025
LMW project from Kortemark, company number BE1000967744, closed financial year 2025 with a result of € 9,322 after tax. For that financial year LMW project recorded a gross margin of € 30,743 and equity of € 41,291. Compared with financial year 2024, the result moved from € 28,661 to € 9,322. 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 13, 2026.
€ 41,291
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,322
▼ 67% vs 2024
Profit after tax over the fiscal year.
€ 6,765
▼ 71% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 833 paid out
9 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 4,966
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 21,697
▲ 171% vs 2024
€ 4,885 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 18,708
▲ 247% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,193
▲ 24% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 47,718 | € 30,743 | ▼ 36% |
| Profit after taxes | € 28,661 | € 9,322 | ▼ 67% |
| Equity | € 32,802 | € 41,291 | ▲ 26% |
| Total debts | € 36,379 | € 68,903 | ▲ 89% |
| Cash | € 23,168 | € 6,765 | ▼ 71% |
| Retained profit | € 27,802 | € 36,291 | ▲ 31% |
| Dividend | € 859 | € 833 | ▼ 3% |
| Bank debt | € 8,000 | € 21,697 | ▲ 171% |
| Balance sheet total | € 69,181 | € 110,194 | ▲ 59% |
Key figures of LMW project, fiscal years 2024 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 LMW project?
What happened at LMW project in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,322 (▼ 67% vs 2024). Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,661 profit in 2024 to € 9,322 profit in 2025.
Paid € 18,308 in corporate taxes since 2024.
Best year ever: 2024, with € 28,661 profit.
Paid out € 1,692 in dividends to the owners in total.
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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
Mathias Wyffels
Director
Establishments
Establishment units
Physical locations of this company
Ichtegemstraat 86
8610 Kortemark
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
Microsoft 365
Hosting
FASTLY - Fastly, Inc., US
Website info
Features
Security
Details
- Company number
- 1000.967.744
- VAT number
- BE 1000.967.744
- Registered office
- Ichtegemstraat 86, 8610 Kortemark
- Names & denominations
- LMW project
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 October 2023
- Peppol
- Active · Active since 10 Apr 2025
- Contact
- lmwproject.be
- Activities · NACE
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