ACTIVE

LM Belgium

Financial year 2024 · Closed on 31/12/2024

Net result-432,5 k €+54,6 %over 1 year
Gross margin2,7 M €+42,7 %over 1 year
Equity338 k €+1 549,7 %over 1 year
Workforce27,1 ETP+18,9 %over 1 year

Identity

Source · BCE/KBO

LM Belgium is a Private limited company incorporated in 1974. Its main activity is: Service activities incidental to air transportation. Its registered office is in Steenokkerzeel. It employs on average 27,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0414.699.051
Incorporation
12/11/1974
Legal form
Private limited company
Registered office
Vliegveld 63
1820 Steenokkerzeel · FlandreSee on map
Contributed capital
5 123 592,01 €
Latest accounts
31/12/2024
Average workforce
27,1 ETP
Joint committees (4)
  • 117
  • 1270
  • 2000
  • 211
Signals
Healthy social debts

Financials

Source · NBB, 19 filings

Trend over 17 financial years

20242023202220212020
Income statement
Gross margin2,7 M €1,9 M €1,3 M €118,8 k €332 k €
EBITDA-188,5 k €-652,3 k €-758,4 k €-1,1 M €-908,7 k €
Operating result-429,6 k €-945,1 k €-1 M €-1,3 M €-1,1 M €
Net result-432,5 k €-953 k €-1 M €-1,3 M €-1,1 M €
Balance sheet
Equity338 k €20,5 k €73,5 k €118,6 k €456,4 k €
Total assets4,4 M €1,9 M €2,5 M €2,1 M €1,4 M €
Cash644,9 k €459,8 k €633 k €464,9 k €31,9 k €
Debts4 M €1,9 M €2,4 M €2 M €920,9 k €
Other
Workforce27,1 ETP22,8 ETP19,5 ETP16,7 ETP19,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

5 active · 43 ended

Active mandates

Vincenzo Conca

Director · since 01 avril 2024

Active
Ales Tiamsa

Director · since 11 septembre 2023

Active
Matthias Colsoul

Director · since 09 juin 2023 · until 10 janvier 2025

Active
Alberto Remondini

Director · since 31 décembre 2020

Active
Massimo Dispensa

Director · since 31 décembre 2020

Active

Ended mandates

Ales Tlamsa

Director · since 11 septembre 2023

Ended
Matthias Colsoul

Director · since 09 juin 2023

Ended
Luca Ferrario

Director · since 31 décembre 2020

Ended
Mauro Perin

Director · since 31 décembre 2020

Ended

Full financial information

Source · NBB
202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/07/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months6 months
Filing date30/06/202510/07/202404/07/202328/06/202225/10/202130/09/2020
General meeting12/06/202513/06/202408/06/202309/06/202222/10/202111/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202412/06/202530/06/2025DutchPDF
Abridged model31/12/202313/06/202410/07/2024DutchPDF
Abridged model31/12/202208/06/202304/07/2023DutchPDF
Abridged model31/12/202109/06/202228/06/2022DutchPDF
Abridged model31/12/202022/10/202125/10/2021DutchPDF
Abridged model31/12/201911/06/202030/09/2020DutchPDF
Abridged model30/06/201916/07/201929/04/2020DutchPDF
Abridged model30/06/201819/12/201817/01/2019DutchPDF
Abridged model30/06/201715/02/201828/02/2018DutchPDF
Abridged model30/06/201601/12/201631/03/2017DutchPDF
Abridged model31/12/201406/06/201509/03/2016DutchPDF
Abridged model31/12/201307/06/201411/09/2014DutchPDF
Abridged model31/12/201201/06/201330/08/2013DutchPDF
Abridged model31/12/201102/06/201231/08/2012DutchPDF
Abridged model31/12/201004/06/201123/10/2011DutchPDF
Abridged model31/12/200904/06/201031/08/2010DutchPDF
Abridged model31/12/200823/06/200931/08/2009DutchPDF
Abridged model31/12/200720/06/200816/02/2009DutchPDF
Abridged model31/12/200612/06/200716/02/2009DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2024

5 active · 43 ended

Active mandates

Vincenzo Conca

Director · since 01 avril 2024

Active
Ales Tiamsa

Director · since 11 septembre 2023

Active
Matthias Colsoul

Director · since 09 juin 2023 · until 10 janvier 2025

Active
Alberto Remondini

Director · since 31 décembre 2020

Active
Massimo Dispensa

Director · since 31 décembre 2020

Active

Ended mandates

Ales Tlamsa

Director · since 11 septembre 2023

Ended
Matthias Colsoul

Director · since 09 juin 2023

Ended
Luca Ferrario

Director · since 31 décembre 2020

Ended
Mauro Perin

Director · since 31 décembre 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other08/01/2026
    DIVERSEN
    PDF
  • Mandates28/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares09/01/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates29/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/02/2024
    DIVERSEN
    PDF
  • Mandates01/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2024
    Annual accounts 2024-432,5 k €↑
  2. 2023
    Annual accounts 2023-953 k €↑
  3. 2022
    Annual accounts 2022-1 M €↑
  4. 2021
    Annual accounts 2021-1,3 M €↓
  5. 2020
    Annual accounts 2020-1,1 M €↓
  6. 2019
    Annual accounts 20191,8 k €↓
  7. 2019
    Name changeLM Belgium
  8. 2017
    Annual accounts 201728,8 k €↓
  9. 2016
    Annual accounts 201680,6 k €↑
  10. 2014
    Annual accounts 2014
  11. 2013
    Annual accounts 2013
  12. 2012
    Annual accounts 2012
  13. 2011
    Annual accounts 2011
  14. 2010
    Annual accounts 2010
  15. 2009
    Annual accounts 20090 €↑
  16. 2008
    Annual accounts 20080 €
  17. 2007
    Annual accounts 2007
  18. 2006
    Annual accounts 2006
  19. 2006
    Name changeBrussels Airfuels Services
  20. 12/11/1974
    IncorporationPrivate limited company