LEM-A

Active

Private limited companyfounded 201016 yrs activeTroonstraat 251, 1050 Elsene, BelgiumKBO/BCE: BE 0826.407.831

The computed 12-month bankruptcy probability of LEM-A is 3.0% (moderate). The 2024 annual accounts show negative equity (€-596k) and a net result of €-117k. Equity is shrinking by ~34.5% per year across the filed fiscal years. The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

20 / 100

Critical▼ -1 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability98▲+87

Solvency33=

Growth32▼-26

Stability100

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.01 against 0.02 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-41.8%

Return on assets

-8.2%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€596k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-07-2025, 25 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

25 d early

2023

68 d late

2022

70 d late

2021

52 d early

2020

43 d early

2019

14 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-117k▼ 1,006%

2023 · €-11k

2018: €-55k 2019: €-170k 2020: €-73k 2021: €-178k 2022: €-146k 2023: €-11k

2018 → 2024

Working capital

€-385k▼ 47.5%

2023 · €-261k

2018: €50k 2019: €-92k 2020: €-301k 2021: €-1.59M 2022: €-1.79M 2023: €-261k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-145k-€-323k▼ 123%€-468k▼ 45.1%€-479k▼ 2.3%€-596k▼ 24.4%

Operating result€-55k-€-131k▼ 139%€-83k▲ 37.0%€26k€52k▲ 105%

Net result€-73k-€-178k▼ 143%€-146k▲ 18.1%€-11k▲ 92.7%€-117k▼ 1,006%

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 105% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.42M

99.8%

Fixed assets €1.42M▼ 3.8%

Current assets €3k▼ 17.4%

Key figures and ratios

2024 value · change against 2023

EBITDA

€109k▲

2023 · €82k

Cash flow

€-60k▼

2023 · €46k

Solvency

-41.8%▼

2023 · -32.3%

Current ratio

0.01▼

2023 · 0.02

Quick ratio

0.01▼

2023 · 0.02

Debt / equity

-3.39▲

2023 · -4.09

ROE

19.6%▲

2023 · 2.2%

ROA

-8.2%▼

2023 · -0.7%

Interest coverage

2.96▲

2023 · 2.28

Debt

€2.02M▲

2023 · €1.96M

Debt ≤ 1 year

€388k▲

2023 · €265k

Debt > 1 year

€1.63M▼

2023 · €1.69M

Income taxes

€133k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.48M€1.42M▼

Fixed assets21/28€1.48M€1.42M▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€1.48M€1.42M▼

Land and buildings22€756k€729k▼

Plant, machinery and equipment23€720k€691k▼

Current assets29/58€4k€3k▼

Cash at bank and in hand54/58€4k€3k▼

Equity and liabilities

Total equity and liabilities10/49€1.48M€1.42M▼

Equity10/15€-479k€-596k▼

Contributions10/11€50k€50k=

Capital10€50k€50k=

Issued capital100€50k€50k=

Reserves13€18k€18k=

Non-distributable reserves130/1€2k€2k=

Legal reserve130€2k€2k=

Tax-exempt reserves132€17k€17k=

Profit (loss) carried forward14€-547k€-664k▼

Amounts payable17/49€1.96M€2.02M▲

Amounts payable after more than one year17€1.69M€1.63M▼

Financial debts170/4€1.50M€1.38M▼

Other amounts payable178/9€195k€249k▲

Amounts payable within one year42/48€265k€388k▲

Financial debts43€99k€136k▲

Credit institutions430/8€99k€136k▲

Trade debts44€124k€76k▼

Suppliers440/4€124k€76k▼

Taxes, remuneration and social security45-€117k

Taxes450/3-€117k

Other amounts payable47/48€42k€60k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€56k▼

Other operating charges640/8€15k€10k▼

Gross operating margin9900€97k€119k▲

Operating profit (loss)9901€26k€52k▲

Financial charges65/66B€36k€37k▲

Recurring financial charges65€36k€37k▲

Profit (loss) for the period before taxes9903€-11k€16k▲

Income taxes67/77-€133k

Profit (loss) for the period9904€-11k€-117k▼

Profit (loss) for the period to be appropriated9905€-11k€-117k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-547k€-664k▼

Profit (loss) brought forward from the previous period14P€-537k€-547k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

2025

06-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

07-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 68 days late

2023

09-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 70 days late

2022

09-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Weakest financial yearnet €-178k

Net result drops to €-178k, the lowest in the series; recovery starts the following year.

18-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

17-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

22-03

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

11-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 134 days late

2017

22-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 145 days late

2016

14-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 75 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2019

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

31-08-2019 AKTAN YAKUP: Resigned as Manager

10-12-2018 Gündogdu Fevzi: Resigned as Manager

22-07-2015 Haci Koyuncu: Resigned as Managing director

Location & real-estate footprint

Registered office, Elsene · 1 establishment unit since 2011

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Troonstraat 2511050 Elsene

Ground area

345 m²

Building footprint

93 m²

Volume, LiDAR

1,547 m³

Parcel 21442A0084/00X021, Brussels · tallest building 19.1 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

LEM-A

Troonstraat 251, 1050 ElseneReal estate activities

since 20112.204.219.882

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21442A0084/00X021	Brussels	345 m²	1 · 93 m²	19.1 m · 6 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

1 connected company

Network connections

GRILL X RESTO

Shared address

→

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded04-06-2010

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.