LEEMCO
ActiveSummary
The annual accounts of LEEMCO for fiscal year 2025 show a net loss of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €232k and a net result of €-262k. Equity is shrinking by ~3.3% per year across the filed fiscal years. The company has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-8
Solvency27▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.3 against 1.61 in 2024; short-term debt: 12.1% and cash: 0.6% of total assets), and 98% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2%
Return on assets
-2.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-262k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
31 d late
2023
29 d late
2022
on the day
2021
30 d late
2020
1 d early
2019
102 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-262k▼ 186%
2024 · €-91k
2018: €-134k
2019: €-11k▲ +92.1% vs 2018
2020: €-12k▼ -17.4% vs 2019
2021: €-16k▼ -25.3% vs 2020
2022: €20k▲ +227% vs 2021highest in 8 years
2023: €-40k▼ -301% vs 2022
2024: €-91k▼ -131% vs 2023
2025: €-262k▼ -186% vs 2024lowest in 8 years
2018 → 2025
Working capital
€408k▼ 38.2%
2024 · €660k
2018: €-236k
2019: €-196k▲ +17.1% vs 2018
2020: €-3.00M▼ -1432% vs 2019
2021: €-3.69M▼ -23.2% vs 2020lowest in 8 years
2022: €-3.51M▲ +5.0% vs 2021
2023: €-618k▲ +82.4% vs 2022
2024: €660k▲ +207% vs 2023highest in 8 years
2025: €408k▼ -38.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€605k-€625k▲ 3.3%€585k▼ 6.3%€494k▼ 15.6%€232k▼ 53.0%
2021: €605k
2022: €625k▲ +3.3% vs 2021highest in 5 years
2023: €585k▼ -6.3% vs 2022
2024: €494k▼ -15.6% vs 2023
2025: €232k▼ -53.0% vs 2024lowest in 5 years
Operating result€139k-€161k▲ 15.6%€163k▲ 0.9%€141k▼ 13.2%€31k▼ 78.3%
2021: €139k
2022: €161k▲ +15.6% vs 2021
2023: €163k▲ +0.9% vs 2022highest in 5 years
2024: €141k▼ -13.2% vs 2023
2025: €31k▼ -78.3% vs 2024lowest in 5 years
Net result€-16k-€20k€-40k€-91k▼ 131%€-262k▼ 186%
2021: €-16k
2022: €20k▲ +227% vs 2021highest in 5 years
2023: €-40k▼ -301% vs 2022
2024: €-91k▼ -131% vs 2023
2025: €-262k▼ -186% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 78% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.37M
Fixed assets
€9.59M ▲ 33.0%
Current assets
€1.79M ▲ 3.0%
Equity and liabilities €11.37M
Equity
€232k ▼ 53.0%
Debt
€11.14M ▲ 31.9%
Debt's share of the balance-sheet total rises from 94.5% to 98.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€380k▼
2024 · €405k
Cash flow
€88k▼
2024 · €172k
Current ratio
1.30▼
2024 · 1.61
Debt to equity
48.01▲
2024 · 17.11
ROE
-112.8%▼
2024 · -18.5%
ROA
-2.3%▼
2024 · -1.0%
Interest coverage
0.97▼
2024 · 1.76
Debt ≤ 1 year
€1.38M▲
2024 · €1.07M
Debt > 1 year
€9.74M▲
2024 · €7.33M
Income taxes
€-62k▼
2024 · €14k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.94M€11.37M▲
Fixed assets21/28€7.20M€9.59M▲
Tangible fixed assets22/27€7.20M€9.59M▲
Land and buildings22€7.20M€9.59M▲
Current assets29/58€1.73M€1.79M▲
Amounts receivable within one year40/41€1.68M€1.72M▲
Trade receivables40€1k€0▼
Other amounts receivable41€1.68M€1.72M▲
Cash at bank and in hand54/58€57k€63k▲
Equity and liabilities
Total equity and liabilities10/49€8.94M€11.37M▲
Equity10/15€494k€232k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Revaluation surpluses12€2.07M€2.07M=
Reserves13€9k€9k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-1.68M€-1.94M▼
Amounts payable17/49€8.44M€11.14M▲
Amounts payable after more than one year17€7.33M€9.74M▲
Financial debts170/4€7.33M€9.74M▲
Amounts payable within one year42/48€1.07M€1.38M▲
Current portion of amounts payable after more than one year42€236k€351k▲
Financial debts43€15k€5k▼
Credit institutions430/8€15k€5k▼
Trade debts44€352k€312k▼
Suppliers440/4€352k€312k▼
Taxes, remuneration and social security45€38k€0▼
Taxes450/3€38k€0▼
Other amounts payable47/48€434k€709k▲
Accrued charges and deferred income492/3€45k€18k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264k€349k▲
Other operating charges640/8€54k€81k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€461k€461k=
Operating profit (loss)9901€141k€31k▼
Financial income75/76B€11k€37k▲
Recurring financial income75€11k€37k▲
Financial charges65/66B€230k€391k▲
Recurring financial charges65€230k€391k▲
Profit (loss) for the period before taxes9903€-77k€-323k▼
Income taxes67/77€14k€-62k▼
Profit (loss) for the period9904€-91k€-262k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€-91k€-262k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.68M€-1.94M▼
Profit (loss) brought forward from the previous period14P€-1.59M€-1.68M▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €263k | €263k | €263k | €264k | €349k | ▲ 32.4% |
| Other operating charges640/8 | €27k | €39k | €49k | €54k | €81k | ▲ 49.9% |
| Non-recurring operating charges66A | - | - | - | €2k | - | - |
| Gross operating margin9900 | €430k | €464k | €475k | €461k | €461k | = |
| Operating profit (loss)9901 | €139k | €161k | €163k | €141k | €31k | ▼ 78.3% |
| Financial income75/76B | €6k | €7k | €4k | €11k | €37k | ▲ 224% |
| Recurring financial income75 | €6k | €7k | €4k | €11k | €37k | ▲ 224% |
| Financial charges65/66B | €112k | €114k | €206k | €230k | €391k | ▲ 69.9% |
| Recurring financial charges65 | €112k | €114k | €206k | €230k | €391k | ▲ 69.9% |
| Profit (loss) for the period before taxes9903 | €34k | €54k | €-40k | €-77k | €-323k | ▼ 318% |
| Income taxes67/77 | €49k | €34k | €0 | €14k | €-62k | ▼ 536% |
| Profit (loss) for the period9904 | €-16k | €20k | €-40k | €-91k | €-262k | ▼ 186% |
| Transfer from tax-exempt reserves789 | €10k | €10k | €7k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €-6k | €29k | €-32k | €-91k | €-262k | ▼ 186% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.67M | €5.29M | €5.02M | €8.94M | €11.37M | ▲ 27.2% |
| Fixed assets21/28 | €5.39M | €5.12M | €4.86M | €7.20M | €9.59M | ▲ 33.0% |
| Tangible fixed assets22/27 | €5.39M | €5.12M | €4.86M | €7.20M | €9.59M | ▲ 33.0% |
| Land and buildings22 | €5.38M | €5.12M | €4.86M | €7.20M | €9.59M | ▲ 33.0% |
| Furniture and vehicles24 | €2k | €760 | €0 | - | - | - |
| Current assets29/58 | €285k | €172k | €158k | €1.73M | €1.79M | ▲ 3.0% |
| Amounts receivable within one year40/41 | €211k | €138k | €142k | €1.68M | €1.72M | ▲ 2.7% |
| Trade receivables40 | €4k | €13k | €23k | €1k | €0 | ▼ 100% |
| Other amounts receivable41 | €207k | €125k | €119k | €1.68M | €1.72M | ▲ 2.8% |
| Cash at bank and in hand54/58 | €68k | €34k | €15k | €57k | €63k | ▲ 10.7% |
| Deferred charges and accrued income490/1 | €6k | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.67M | €5.29M | €5.02M | €8.94M | €11.37M | ▲ 27.2% |
| Equity10/15 | €605k | €625k | €585k | €494k | €232k | ▼ 53.0% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | €100k | €100k | €100k | €100k | = |
| Issued capital100 | €100k | €100k | €100k | €100k | €100k | = |
| Revaluation surpluses12 | €2.07M | €2.07M | €2.07M | €2.07M | €2.07M | = |
| Reserves13 | €26k | €16k | €9k | €9k | €9k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Legal reserve130 | €1k | €1k | €1k | €1k | €1k | = |
| Tax-exempt reserves132 | €17k | €7k | €0 | - | - | - |
| Distributable reserves133 | €7k | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €-1.59M | €-1.56M | €-1.59M | €-1.68M | €-1.94M | ▼ 15.6% |
| Amounts payable17/49 | €5.07M | €4.67M | €4.43M | €8.44M | €11.14M | ▲ 31.9% |
| Amounts payable after more than one year17 | €1.04M | €940k | €3.61M | €7.33M | €9.74M | ▲ 33.0% |
| Financial debts170/4 | €1.04M | €940k | €3.61M | €7.33M | €9.74M | ▲ 33.0% |
| Amounts payable within one year42/48 | €3.98M | €3.68M | €776k | €1.07M | €1.38M | ▲ 28.3% |
| Current portion of amounts payable after more than one year42 | €3.56M | €3.19M | €70k | €236k | €351k | ▲ 49.1% |
| Financial debts43 | - | €3k | €16k | €15k | €5k | ▼ 68.4% |
| Credit institutions430/8 | - | €3k | €16k | €15k | €5k | ▼ 68.4% |
| Trade debts44 | €300k | €260k | €199k | €352k | €312k | ▼ 11.4% |
| Suppliers440/4 | €300k | €260k | €199k | €352k | €312k | ▼ 11.4% |
| Taxes, remuneration and social security45 | €63k | €68k | €38k | €38k | €0 | ▼ 100% |
| Taxes450/3 | €63k | €68k | €38k | €38k | €0 | ▼ 100% |
| Other amounts payable47/48 | €61k | €161k | €453k | €434k | €709k | ▲ 63.6% |
| Accrued charges and deferred income492/3 | €49k | €48k | €45k | €45k | €18k | ▼ 59.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €20k | €-40k | €-91k | €-262k | ▼ 186% |
| + Depreciation and write-downs630 | €263k | €263k | €263k | €264k | €349k | ▲ 32.4% |
| Operating cash flow (approximation) | €248k | €283k | €224k | €172k | €88k | ▼ 49.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2.61M | €-2.73M | ▼ 4.6% |
| Change in cash | - | €-34k | €-18k | €42k | €6k | ▼ 85.4% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-262k
Net result drops to €-262k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Liquidity times 8current ratio 1.61
Current ratio from 0.20 to 1.61.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after 4 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Antwerpen · 1 establishment unit since 1981
Ground area
592 m²
Building footprint
559 m²
Volume, LiDAR
16,584 m³
Parcel 11002A0058/00B000, Flanders · tallest building 41.9 m, ±12 floors. Linked by address, not a title deed.
43
companies at this address
See who is registered here
1 establishment unit
LEEMCO
since 19812.019.898.207
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0058/00B000 | Flanders | 592 m² | 1 · 559 m² | 41.9 m · 12 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 70,413 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 70,413 EUR | 0 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Onderzoekspremie voor beschermde monumenten en landschappen
Recognitions · licences · registrations
Legal Entity Identifier
894500484M6AOCHMZ040
Identification & contact
Identification
Legal formPublic limited company
Founded30-10-1981
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.