LEMCO
ActiveSummary
LEMCO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €223k and a net result of €33k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+1
Solvency96▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.51 in 2023; short-term debt: 11.8% and cash: 5% of total assets), and 29.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
15 d late
2022
30 d early
2021
49 d early
2020
36 d early
2019
40 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€223k▲ 10.3%
2023 · €202k
2018: €165klowest in 7 years
2019: €184k▲ +11.2% vs 2018
2020: €195k▲ +6.2% vs 2019
2021: €204k▲ +4.6% vs 2020
2022: €218k▲ +6.8% vs 2021
2023: €202k▼ -7.2% vs 2022
2024: €223k▲ +10.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€316k▼ 0.8%
2023 · €319k
2018: €440khighest in 7 years
2019: €434k▼ -1.3% vs 2018
2020: €400k▼ -7.8% vs 2019
2021: €361k▼ -9.9% vs 2020
2022: €332k▼ -8.0% vs 2021
2023: €319k▼ -3.9% vs 2022
2024: €316k▼ -0.8% vs 2023lowest in 7 years
2018 → 2024
Net result
€33k▲ 6.1%
2023 · €31k
2018: €-9klowest in 7 years
2019: €19k▲ +314% vs 2018
2020: €11k▼ -38.4% vs 2019
2021: €23k▲ +106% vs 2020
2022: €21k▼ -11.9% vs 2021
2023: €31k▲ +49.2% vs 2022
2024: €33k▲ +6.1% vs 2023highest in 7 years
2018 → 2024
Working capital
€-13k▼ 17.5%
2023 · €-11k
2018: €2k
2019: €33k▲ +1676% vs 2018highest in 7 years
2020: €2k▼ -95.0% vs 2019
2021: €-16k▼ -1030% vs 2020lowest in 7 years
2022: €-7k▲ +56.0% vs 2021
2023: €-11k▼ -61.7% vs 2022
2024: €-13k▼ -17.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€195k-€204k▲ 4.6%€218k▲ 6.8%€202k▼ 7.2%€223k▲ 10.3%
2020: €195klowest in 5 years
2021: €204k▲ +4.6% vs 2020
2022: €218k▲ +6.8% vs 2021
2023: €202k▼ -7.2% vs 2022
2024: €223k▲ +10.3% vs 2023highest in 5 years
Operating result€27k-€42k▲ 54.1%€33k▼ 22.0%€45k▲ 37.9%€51k▲ 13.6%
2020: €27klowest in 5 years
2021: €42k▲ +54.1% vs 2020
2022: €33k▼ -22.0% vs 2021
2023: €45k▲ +37.9% vs 2022
2024: €51k▲ +13.6% vs 2023highest in 5 years
Net result€11k-€23k▲ 106%€21k▼ 11.9%€31k▲ 49.2%€33k▲ 6.1%
2020: €11klowest in 5 years
2021: €23k▲ +106% vs 2020
2022: €21k▼ -11.9% vs 2021
2023: €31k▲ +49.2% vs 2022
2024: €33k▲ +6.1% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €316k
Fixed assets
€292k ▼ 5.0%
Current assets
€24k ▲ 109%
Equity and liabilities €316k
Equity
€223k ▲ 10.3%
Debt
€93k ▼ 20.1%
Debt's share of the balance-sheet total falls from 36.6% to 29.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71k▲
2023 · €65k
Cash flow
€52k▲
2023 · €51k
Current ratio
0.65▲
2023 · 0.51
Debt to equity
0.42▼
2023 · 0.58
ROE
14.7%▼
2023 · 15.3%
ROA
10.4%▲
2023 · 9.7%
Interest coverage
9.85▼
2023 · 9.96
Debt ≤ 1 year
€37k▲
2023 · €23k
Debt > 1 year
€56k▼
2023 · €94k
Income taxes
€11k▲
2023 · €8k
Staff costs
€-57▼
2023 · €57
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€319k€316k▼
Fixed assets21/28€307k€292k▼
Tangible fixed assets22/27€307k€292k▼
Land and buildings22€302k€288k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€12k€24k▲
Amounts receivable within one year40/41€2k€6k▲
Trade receivables40€2k€5k▲
Other amounts receivable41€25€1k▲
Cash at bank and in hand54/58€8k€16k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€319k€316k▼
Equity10/15€202k€223k▲
Contributions10/11€2k€2k=
Reserves13€200k€221k▲
Distributable reserves133€200k€221k▲
Amounts payable17/49€117k€93k▼
Amounts payable after more than one year17€94k€56k▼
Financial debts170/4€94k€56k▼
Amounts payable within one year42/48€23k€37k▲
Trade debts44€4k€14k▲
Suppliers440/4€4k€14k▲
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€7k€11k▲
Other amounts payable47/48€12k€13k▲
Income statement
Code20232024
Remuneration, social security and pensions62€57€-57▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼
Other operating charges640/8€7k€7k▼
Non-recurring operating charges66A€3k€677▼
Gross operating margin9900€76k€78k▲
Operating profit (loss)9901€45k€51k▲
Financial income75/76B€386€125▼
Recurring financial income75€386€125▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€39k€44k▲
Income taxes67/77€8k€11k▲
Profit (loss) for the period9904€31k€33k▲
Profit (loss) for the period to be appropriated9905€31k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€33k▲
Transfer from equity791/2€34k-
Transfer to equity691/2€19k€21k▲
To other reserves6921€19k€21k▲
Profit to be distributed694/7€46k€12k▼
Return on contributions (dividend)694€34k-
Directors or managers695€12k€12k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6k | €8 | €57 | €-57 | ▼ 200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €26k | €21k | €20k | €20k | ▼ 1.6% |
| Other operating charges640/8 | - | €8k | €7k | €7k | €7k | ▼ 2.1% |
| Non-recurring operating charges66A | - | €411 | - | €3k | €677 | ▼ 80.3% |
| Gross operating margin9900 | €99k | €82k | €61k | €76k | €78k | ▲ 3.6% |
| Operating profit (loss)9901 | €27k | €42k | €33k | €45k | €51k | ▲ 13.6% |
| Financial income75/76B | - | €0 | €0 | €386 | €125 | ▼ 67.5% |
| Recurring financial income75 | €1 | €0 | €0 | €386 | €125 | ▼ 67.5% |
| Financial charges65/66B | - | €11k | €6k | €7k | €7k | ▲ 10.1% |
| Recurring financial charges65 | €6k | €7k | €6k | €7k | €7k | ▲ 10.1% |
| Non-recurring financial charges66B | - | €4k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €13k | €31k | €27k | €39k | €44k | ▲ 13.4% |
| Income taxes67/77 | €1k | €7k | €6k | €8k | €11k | ▲ 41.6% |
| Profit (loss) for the period9904 | €11k | €23k | €21k | €31k | €33k | ▲ 6.1% |
| Transfer from tax-exempt reserves789 | - | €38 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €11k | €24k | €21k | €31k | €33k | ▲ 6.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €400k | €361k | €332k | €319k | €316k | ▼ 0.8% |
| Fixed assets21/28 | €363k | €346k | €325k | €307k | €292k | ▼ 5.0% |
| Tangible fixed assets22/27 | €363k | €346k | €325k | €307k | €292k | ▼ 5.0% |
| Land and buildings22 | - | €341k | €320k | €302k | €288k | ▼ 4.5% |
| Furniture and vehicles24 | - | €6k | €4k | €5k | €4k | ▼ 34.3% |
| Current assets29/58 | €37k | €14k | €7k | €12k | €24k | ▲ 109% |
| Amounts receivable within one year40/41 | €21k | €4k | €72 | €2k | €6k | ▲ 202% |
| Trade receivables40 | - | €4k | - | €2k | €5k | ▲ 134% |
| Other amounts receivable41 | - | €10 | €72 | €25 | €1k | ▲ 5,610% |
| Cash at bank and in hand54/58 | €9k | €9k | €5k | €8k | €16k | ▲ 108% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €3k | ▲ 20.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €400k | €361k | €332k | €319k | €316k | ▼ 0.8% |
| Equity10/15 | €195k | €204k | €218k | €202k | €223k | ▲ 10.3% |
| Contributions10/11 | - | €2k | €2k | €2k | €2k | = |
| Reserves13 | €193k | €202k | €216k | €200k | €221k | ▲ 10.4% |
| Distributable reserves133 | - | €202k | €216k | €200k | €221k | ▲ 10.4% |
| Amounts payable17/49 | €205k | €157k | €114k | €117k | €93k | ▼ 20.1% |
| Amounts payable after more than one year17 | €170k | €125k | €100k | €94k | €56k | ▼ 40.4% |
| Financial debts170/4 | - | €125k | €100k | €94k | €56k | ▼ 40.4% |
| Amounts payable within one year42/48 | €36k | €30k | €14k | €23k | €37k | ▲ 64.3% |
| Trade debts44 | €12k | €19k | €2k | €4k | €14k | ▲ 278% |
| Suppliers440/4 | - | €19k | €2k | €4k | €14k | ▲ 278% |
| Taxes, remuneration and social security45 | - | €5k | €5k | €7k | €11k | ▲ 61.7% |
| Taxes450/3 | - | €5k | €5k | €7k | €11k | ▲ 61.7% |
| Other amounts payable47/48 | - | €6k | €7k | €12k | €13k | ▲ 1.9% |
| Accrued charges and deferred income492/3 | - | €2k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €23k | €21k | €31k | €33k | ▲ 6.1% |
| + Depreciation and write-downs630 | €24k | €26k | €21k | €20k | €20k | ▼ 1.6% |
| Operating cash flow (approximation) | €36k | €49k | €42k | €51k | €52k | ▲ 3.0% |
| Investment in fixed assets (approximation) | - | €-9k | €392 | €-3k | €-4k | ▼ 63.5% |
| Change in cash | - | €-51 | €-4k | €2k | €8k | ▲ 301% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €33k ▲6.1%
Operating result €51k, net result €33k, both a record.
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €204k ▲4.6%
3 profitable years in a row build equity to €204k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.76
Current ratio from 1.04 to 2.76; short-term debt falls from €45k to €19k.
10-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 1992
Ground area
376 m²
Building footprint
93 m²
Parcel 44412C0498/00D003, Flanders. Linked by address, not a title deed.
1 establishment unit
Reepvijver 8, 9820 Merelbeke-Melle
since 19922.060.030.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0498/00D003 | Flanders | 376 m² | 1 · 93 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
50100Water transport
68201Renting and operating of own or leased residential real estate, excluding social housing
77210Renting and leasing of sports and recreation goods
Scores and ratios are computed by Checked and are not a credit decision.