Summary
L E M FORWARD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €85k and a net result of €31k. Its solvency ranks better than 26% of 9863 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 19-06-2025, 42 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€85k▲ 54.9%
2023 · €55k
Net result
€31k▼ 38.9%
2023 · €51k
Total assets
€339k▼ 1.3%
2023 · €343k
Solvency
25.2%▲ 9.1pp
2023 · 16.1%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€28k-€11k▼ 59.4%
Net result€51k-€31k▼ 38.9%
Equity€55k-€85k▲ 54.9%
Total assets€343k-€339k▼ 1.3%
Debt€288k-€253k▼ 12.0%
Working capital€-4k-€-59k▼ 1,537%
Solvency16.1%-25.2%▲ 9.1pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €339k
Fixed assets
€306k =
Current assets
€33k ▼ 11.8%
Equity and liabilities €339k
Equity
€85k ▲ 54.9%
Debt
€253k ▼ 12.0%
Debt's share of the balance-sheet total falls from 83.9% to 74.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
36.4%▼
2023 · 92.4%
ROA
9.2%▼
2023 · 14.8%
Debt ≤ 1 year
€92k▲
2023 · €41k
Debt > 1 year
€157k▼
2023 · €242k
Income taxes
€1k▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Gross operating margin9900 | €28k | €11k | ▼ 59.4% |
| Operating profit (loss)9901 | €28k | €11k | ▼ 59.4% |
| Financial income75/76B | €39k | €31k | ▼ 19.7% |
| Recurring financial income75 | €39k | €31k | ▼ 19.7% |
| Financial charges65/66B | €12k | €10k | ▼ 15.3% |
| Recurring financial charges65 | €12k | €10k | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €54k | €32k | ▼ 40.8% |
| Income taxes67/77 | €3k | €1k | ▼ 67.8% |
| Profit (loss) for the period9904 | €51k | €31k | ▼ 38.9% |
| Profit (loss) for the period to be appropriated9905 | €51k | €31k | ▼ 38.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €343k | €339k | ▼ 1.3% |
| Fixed assets21/28 | €306k | €306k | = |
| Financial fixed assets28 | €306k | €306k | = |
| Current assets29/58 | €37k | €33k | ▼ 11.8% |
| Amounts receivable within one year40/41 | €16k | €15k | ▼ 9.2% |
| Trade receivables40 | €16k | €12k | ▼ 23.9% |
| Other amounts receivable41 | €510 | €3k | ▲ 439% |
| Cash at bank and in hand54/58 | €21k | €18k | ▼ 13.8% |
| Deferred charges and accrued income490/1 | - | €0 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €343k | €339k | ▼ 1.3% |
| Equity10/15 | €55k | €85k | ▲ 54.9% |
| Contributions10/11 | €5k | €5k | = |
| Reserves13 | €5k | €5k | = |
| Distributable reserves133 | €5k | €5k | = |
| Profit (loss) carried forward14 | €45k | €75k | ▲ 67.0% |
| Amounts payable17/49 | €288k | €253k | ▼ 12.0% |
| Amounts payable after more than one year17 | €242k | €157k | ▼ 35.3% |
| Financial debts170/4 | €242k | €157k | ▼ 35.3% |
| Amounts payable within one year42/48 | €41k | €92k | ▲ 125% |
| Current portion of amounts payable after more than one year42 | €27k | €28k | ▲ 2.2% |
| Trade debts44 | €1k | €1k | ▲ 1.0% |
| Suppliers440/4 | €1k | €1k | ▲ 1.0% |
| Taxes, remuneration and social security45 | €9k | €9k | ▲ 0.7% |
| Taxes450/3 | €7k | €7k | ▲ 0.8% |
| Remuneration and social security454/9 | €2k | €2k | ▲ 0.5% |
| Other amounts payable47/48 | €3k | €54k | ▲ 1,641% |
| Accrued charges and deferred income492/3 | €5k | €5k | ▼ 8.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €31k | ▼ 38.9% |
| Operating cash flow (approximation) | €51k | €31k | ▼ 38.9% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-3k | - |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Aywaille · 1 establishment unit since 2022
Ground area
93 m²
Building footprint
114 m²
Volume, LiDAR
495 m³
Parcel 62009B0514/00E000, Wallonia · tallest building 5.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
L E M FORWARD
since 20222.335.217.689
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62009B0514/00E000 | Wallonia | 93 m² | 1 · 114 m² | 5.6 m · 2 fl. |
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 24,730 companies in sector 64210 we hold annual accounts for 19,772. 11,949 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
Founded25-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.