LEMMA
ActiveSummary
LEMMA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €-13k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 90% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+2
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 28.94 against 36.08 in 2024; short-term debt: 3.4% and cash: 5.9% of total assets), and 8.5% 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
Sector 70
lower
← 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 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
42 d early
2023
50 d early
2022
18 d early
2021
on the day
2020
23 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.09M▼ 1.2%
2024 · €1.10M
2019: €1.27M
2021: €1.18M
2022: €1.13M
2023: €1.11M
2024: €1.10M
2019 → 2025
Total assets
€1.19M▲ 1.2%
2024 · €1.17M
2019: €1.56M
2021: €1.50M
2022: €1.47M
2023: €1.18M
2024: €1.17M
2019 → 2025
Net result
€-13k▲ 3.9%
2024 · €-13k
2019: €-26k
2021: €-26k
2022: €-55k
2023: €-17k
2024: €-13k
2019 → 2025
Working capital
€1.14M▲ 0.6%
2024 · €1.13M
2019: €1.23M
2021: €1.19M
2022: €1.15M
2023: €1.14M
2024: €1.13M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.18M-€1.13M▼ 4.6%€1.11M▼ 1.5%€1.10M▼ 1.2%€1.09M▼ 1.2%
Operating result€-8k-€-33k▼ 308%€3k€-3k€-57▲ 98.1%
Net result€-26k-€-55k▼ 109%€-17k▲ 68.5%€-13k▲ 24.1%€-13k▲ 3.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €57 in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€5k ▼ 16.8%
Current assets
€1.18M ▲ 1.3%
Equity and liabilities €1.19M
Equity
€1.09M ▼ 1.2%
Debt
€101k ▲ 36.3%
Debt's share of the balance-sheet total rises from 6.3% to 8.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▲
2024 · €-617
Cash flow
€-11k▲
2024 · €-11k
Current ratio
28.94▼
2024 · 36.08
Debt to equity
0.09▲
2024 · 0.07
ROE
-1.2%▲
2024 · -1.2%
ROA
-1.1%▲
2024 · -1.1%
Interest coverage
0.13▲
2024 · -0.05
Debt ≤ 1 year
€41k▲
2024 · €32k
Income taxes
€559▲
2024 · €544
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 · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.17M€1.19M▲
Fixed assets21/28€6k€5k▼
Tangible fixed assets22/27€6k€5k▼
Plant, machinery and equipment23€336€1k▲
Furniture and vehicles24€6k€4k▼
Current assets29/58€1.17M€1.18M▲
Amounts receivable after more than one year29-€100k
Other amounts receivable291-€100k
Amounts receivable within one year40/41€10k€40k▲
Trade receivables40€9k€34k▲
Other amounts receivable41€610€6k▲
Current investments50/53€966k€966k=
Cash at bank and in hand54/58€187k€70k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.19M▲
Equity10/15€1.10M€1.09M▼
Contributions10/11€20k€20k=
Reserves13€1.08M€1.07M▼
Distributable reserves133€1.08M€1.07M▼
Amounts payable17/49€74k€101k▲
Amounts payable within one year42/48€32k€41k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€28k€33k▲
Accrued charges and deferred income492/3€41k€60k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€1k€4k▲
Operating profit (loss)9901€-3k€-57▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€12k€15k▲
Recurring financial charges65€11k€14k▲
Non-recurring financial charges66B€368€728▲
Profit (loss) for the period before taxes9903€-13k€-12k▲
Income taxes67/77€544€559▲
Profit (loss) for the period9904€-13k€-13k▲
Profit (loss) for the period to be appropriated9905€-13k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-13k▲
Transfer from equity791/2€13k€13k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
10-04
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
10-04
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Liquidity times 10current ratio 48.55
Current ratio from 4.75 to 48.55; short-term debt falls from €307k to €24k.
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2012
03-07
State Gazette act
General meeting · Director reappointment
Director appointment · Permanent representative
03-07
State Gazette act
General meeting · Director reappointment
Director appointment · Permanent representative
2007
15-01
State Gazette act
General meeting · Name change
Registered-office move · Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Kortrijk · 1 establishment unit since 2004
Ground area
1,596 m²
Building footprint
354 m²
Volume, LiDAR
1,391 m³
Parcel 34352C0407/00L000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LEMMA BVBA
since 20042.136.939.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352C0407/00L000 | Flanders | 1,596 m² | 1 · 354 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
8 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Shared director
→
Shared director
→
Show 4 more companies with a shared director
Shared director
→
Shared director
→
Shared director
→
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Recognitions · licences · registrations
Legal Entity Identifier
6994006UH3OJGSRBI791
Similar companies · same sector, comparable size
DE GELUWEBEEK
BE 0565.938.184
Kortrijk · Eq €1,085,264
WANAKA REAL ESTATE MANAGEMENT
BE 1016.051.937
Antwerpen · Eq €1,085,301
ANTOBCO
BE 0837.636.669
Brakel · Eq €1,085,359
Laumath
BE 0508.655.231
Ieper · Eq €1,085,413
Entegra Belgium
BE 0771.982.418
Brussel · Eq €1,084,707
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 26,940 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2004
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.