ACTIVE

LM DEVELOPMENT

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Financial year 2024 · closed on 31/12/2024

Net result

28,4 k €

-48.2% YoY

Gross margin

39,1 k €

-30.6% YoY

Equity

73,7 k €

+7.3% YoY

What does LM DEVELOPMENT do?

LM DEVELOPMENT is a Private limited company incorporated in 2003. Its main activity is: Computer consultancy activities. Its registered office is in Braine-le-Château.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.972.232

Incorporation

08/04/2003

Legal form

Private limited company

Registered office

Rue de la Carrière(W-B) 50B
1440 Braine-le-Château · WallonieSee on map

Contributed capital

6 250,00 €

Latest accounts

31/12/2024

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	39,1 k €	-30.6%	56,4 k €	+14.9%	49 k €	-2.8%	50,4 k €	+6.2%	47,5 k €	+4.1%	45,6 k €	+43.3%	31,8 k €	-4.6%	33,4 k €	-20.0%	41,7 k €	+27.9%	32,6 k €	-10.9%	36,6 k €	+10.7%	33,1 k €	-17.5%	40,1 k €	+88.4%	21,3 k €	-31.0%	30,8 k €	-20.1%	38,6 k €	+6.4%	36,3 k €	+117%	16,7 k €	-6.0%	17,8 k €
EBITDA	38,7 k €	-30.8%	56 k €	+15.0%	48,7 k €	-2.8%	50,1 k €	+6.2%	47,1 k €	+3.4%	45,6 k €	+44.9%	31,5 k €	-4.7%	33 k €	-20.2%	41,4 k €	+28.2%	32,3 k €	-11.0%	36,3 k €	+10.6%	32,8 k €	-17.0%	39,5 k €	+91.0%	20,7 k €	-31.6%	30,2 k €	-19.7%	37,7 k €	+6.3%	35,5 k €	+122%	15,9 k €	-7.1%	17,2 k €
Operating result	38,7 k €	-30.7%	55,9 k €	+15.1%	48,6 k €	-2.8%	50 k €	+6.1%	47,1 k €	+3.3%	45,6 k €	+44.9%	31,5 k €	-4.7%	33 k €	-20.2%	41,4 k €	+29.4%	32 k €	-11.1%	35,9 k €	+11.2%	32,3 k €	-16.3%	38,6 k €	+106%	18,7 k €	-22.7%	24,2 k €	-23.5%	31,6 k €	+9.9%	28,8 k €	+187%	10 k €	-15.3%	11,8 k €
Net result	28,4 k €	-48.2%	54,8 k €	+63.4%	33,5 k €	-10.8%	37,6 k €	+4.0%	36,2 k €	+16.9%	30,9 k €	+32.1%	23,4 k €	+7.2%	21,8 k €	-25.4%	29,3 k €	+34.2%	21,8 k €	+15.2%	18,9 k €	-2.5%	19,4 k €	-48.0%	37,3 k €	+209%	12,1 k €	-16.9%	14,5 k €	-47.5%	27,7 k €	+0.6%	27,5 k €	+426%	5,2 k €	-34.7%	8 k €
Balance sheet
Equity	73,7 k €	+7.3%	68,7 k €	+111%	32,5 k €	+0.6%	32,3 k €	+79.1%	18 k €	-90.9%	198,5 k €	-4.4%	207,6 k €	+12.7%	184,2 k €	+13.4%	162,4 k €	+22.0%	133,1 k €	-12.0%	151,3 k €	-16.1%	180,4 k €	+12.1%	161 k €	+30.2%	123,6 k €	+10.8%	111,6 k €	+15.0%	97 k €	+39.9%	69,4 k €	+65.7%	41,9 k €	+14.3%	36,6 k €
Total assets	113,9 k €	-11.3%	128,4 k €	+6.4%	120,7 k €	+0.8%	119,8 k €	-52.7%	253,5 k €	+1.7%	249,2 k €	+16.3%	214,3 k €	+10.8%	193,5 k €	+14.6%	168,8 k €	-5.0%	177,8 k €	+5.5%	168,5 k €	-6.8%	180,9 k €	+11.6%	162 k €	+28.0%	126,6 k €	+6.6%	118,8 k €	+6.0%	112 k €	+23.9%	90,4 k €	+20.9%	74,8 k €	+48.1%	50,5 k €
Cash	7,4 k €	+1176%	582,3 €	-95.0%	11,8 k €	+0.2%	11,7 k €	+52.5%	7,7 k €	-12.9%	8,8 k €	-13.3%	10,2 k €	-40.3%	17,1 k €	+823%	1,8 k €	-80.5%	9,5 k €	-40.6%	16 k €	-15.0%	18,8 k €	+15.2%	16,3 k €	+41.8%	11,5 k €	-15.8%	13,7 k €	+15.3%	11,9 k €	+549%	1,8 k €	+104%	894,9 €	+1.9%	878 €
Debts	40,2 k €	-32.7%	59,8 k €	-32.3%	88,2 k €	+0.8%	87,5 k €	-62.8%	235,5 k €	+365%	50,7 k €	+656%	6,7 k €	-27.5%	9,2 k €	+43.5%	6,4 k €	-85.6%	44,6 k €	+159%	17,2 k €	+3294%	507,2 €	-51.1%	1 k €	-64.5%	2,9 k €	-59.3%	7,2 k €	-52.1%	15 k €	-28.7%	21 k €	-36.1%	32,9 k €	+138%	13,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 1 ended

Active mandates

Marc Lendasse

Mandate

Active

Ended mandates

Marc LENDASSE

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2025	30/08/2024	20/07/2023	11/08/2022	16/08/2021	07/09/2020
General meeting	25/07/2025	30/07/2024	09/05/2023	18/07/2022	12/08/2021	23/08/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	25/07/2025	28/07/2025	French	PDF
Micro model	31/12/2023	30/07/2024	30/08/2024	French	PDF
Micro model	31/12/2022	09/05/2023	20/07/2023	French	PDF
Micro model	31/12/2021	18/07/2022	11/08/2022	French	PDF
Micro model	31/12/2020	12/08/2021	16/08/2021	French	PDF
Micro model	31/12/2019	23/08/2020	07/09/2020	French	PDF
Micro model	31/12/2018	21/08/2019	22/08/2019	French	PDF
Micro model	31/12/2017	26/05/2018	08/08/2018	French	PDF
Micro model	31/12/2016	29/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	18/06/2016	09/08/2016	French	PDF
Abridged model	31/12/2014	23/05/2015	14/08/2015	French	PDF
Abridged model	31/12/2013	19/09/2014	01/10/2014	French	PDF
Abridged model	31/12/2012	19/08/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	07/08/2012	10/08/2012	French	PDF
Abridged model	31/12/2010	07/07/2011	18/07/2011	French	PDF
Abridged model	31/12/2009	05/10/2010	11/10/2010	French	PDF
Abridged model	31/12/2008	10/08/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	24/06/2008	05/08/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	13/12/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 1 ended

Active mandates

Marc Lendasse

Mandate

Active

Ended mandates

Marc LENDASSE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/12/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office01/10/2004
SIEGE SOCIAL
PDF
Other16/04/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2024
Annual accounts 202428,4 k €↓
2023
Annual accounts 202354,8 k €↑
2022
Annual accounts 202233,5 k €↓
2021
Annual accounts 202137,6 k €↑
2020
Annual accounts 202036,2 k €↑
2019
Annual accounts 201930,9 k €↑
2018
Annual accounts 201823,4 k €↑
2017
Annual accounts 201721,8 k €↓
2016
Annual accounts 201629,3 k €↑
2015
Annual accounts 201521,8 k €↑
2014
Annual accounts 201418,9 k €↓
2013
Annual accounts 201319,4 k €↓
2012
Annual accounts 201237,3 k €↑
2011
Annual accounts 201112,1 k €↓
2010
Annual accounts 201014,5 k €↓
2009
Annual accounts 200927,7 k €↑
2008
Annual accounts 200827,5 k €↑
2007
Annual accounts 20075,2 k €↓
2006
Annual accounts 20068 k €
08/04/2003
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LM DEVELOPMENT

Overview

What does LM DEVELOPMENT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline