LEM CONSULT
ActiveSummary
LEM CONSULT has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199,948 and a net result of €355, of which €7,200 non-recurring income. Equity has been growing by about 7.5% per year since 2019. Its solvency ranks better than 53% of 39,272 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-05-2014 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 2 others
- Establishment unit
- 2.230.358.612 1850 Grimbergen, since 06-05-2014
- Financial year end
- 31 March
- Peppol
- Reachable since 29-04-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €10,299
- ▼ 97.4%
- Turnover
- ≈ €48,000
- estimated
- Profit
- €355
- ▼ 99.9%
- Equity
- €199,948
- ▼ 50.0%
- Total assets
- €342,605
- ▼ 32.8%
- 2026 accounts not filed, 2 days past the deadline
Score breakdownraises riskFigures for financial year 2025 (filed on 31-10-2025)lowers riskLiquidity: current ratio 2.12, cash €261,091Size: total assets €342,605Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 53% of them on solvency, 72% on liquidity, 32% on profitability and 13% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 7 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-10-2025 PDF all 10 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €8, after a profit of €392,164 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €11,524 | €7,407 | €8,680 | - |
| Depreciation and write-downs of the year | €7,129 | €8,617 | €10,475 | €9,354 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5 | - | €7,200 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,284 | €2,633 | €3,318 | €7,129 | €8,617 | €10,475 | €9,354 | ▼ 10.7% |
| Other operating charges640/8 | - | - | - | €891 | €943 | €896 | €954 | ▲ 6.5% |
| Gross operating margin9900 | €163,529 | €41,061 | €116,071 | €76,716 | €245,841 | €403,535 | €10,299 | ▼ 97.4% |
| Operating profit (loss)9901 | €94,679 | €37,557 | €111,918 | €68,695 | €236,281 | €392,164 | -€8 | - |
| Financial income75/76B | - | - | - | €0 | €147 | €5,278 | €2,912 | ▼ 44.8% |
| Recurring financial income75 | €14,711 | €77 | - | €0 | €147 | €5,278 | €2,912 | ▼ 44.8% |
| Financial charges65/66B | - | - | - | €170 | €604 | €3,463 | €382 | ▼ 89.0% |
| Recurring financial charges65 | €4,019 | €1,473 | €126 | €170 | €604 | €3,463 | €382 | ▼ 89.0% |
| Profit (loss) for the period before taxes9903 | €105,370 | €36,160 | €111,792 | €68,526 | €235,825 | €393,980 | €2,522 | ▼ 99.4% |
| Income taxes67/77 | €24,400 | €9,178 | €23,923 | €15,584 | €56,203 | €93,705 | €2,167 | ▼ 97.7% |
| Profit (loss) for the period9904 | €80,970 | €26,982 | €87,869 | €52,941 | €179,622 | €300,275 | €355 | ▼ 99.9% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €114,512 | - | - |
| Profit (loss) for the period to be appropriated9905 | €80,970 | €36,282 | €149,869 | €52,941 | €179,622 | €185,763 | €355 | ▼ 99.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €389,514 | €251,303 | €313,691 | €310,383 | €561,982 | €509,756 | €342,605 | ▼ 32.8% |
| Fixed assets21/28 | €784 | €16,646 | €49,679 | €54,074 | €51,729 | €49,934 | €40,580 | ▼ 18.7% |
| Tangible fixed assets22/27 | €784 | €16,646 | €49,659 | €54,054 | €51,709 | €49,914 | €40,560 | ▼ 18.7% |
| Plant, machinery and equipment23 | - | - | - | €430 | €264 | €99 | - | - |
| Furniture and vehicles24 | - | - | - | €3,710 | €4,741 | €2,857 | €672 | ▼ 76.5% |
| Other tangible fixed assets26 | - | - | - | €49,914 | €46,704 | €46,958 | €39,888 | ▼ 15.1% |
| Financial fixed assets28 | - | - | €20 | €20 | €20 | €20 | €20 | = |
| Current assets29/58 | €388,730 | €234,658 | €264,012 | €256,309 | €510,253 | €459,822 | €302,025 | ▼ 34.3% |
| Amounts receivable within one year40/41 | €92,441 | €48,826 | €69,978 | €87,485 | €191,435 | €159,277 | €38,164 | ▼ 76.0% |
| Trade receivables40 | - | - | - | €77,677 | €189,156 | €124,062 | €37,528 | ▼ 69.8% |
| Other amounts receivable41 | - | - | - | €9,808 | €2,279 | €35,215 | €636 | ▼ 98.2% |
| Cash at bank and in hand54/58 | €294,554 | €184,098 | €191,990 | €166,454 | €316,348 | €298,277 | €261,091 | ▼ 12.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,370 | €2,470 | €2,267 | €2,771 | ▲ 22.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €389,514 | €251,303 | €313,691 | €310,383 | €561,982 | €509,756 | €342,605 | ▼ 32.8% |
| Equity10/15 | €150,729 | €137,711 | €166,755 | €219,696 | €159,318 | €399,593 | €199,948 | ▼ 50.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €128,160 | €118,860 | €56,860 | €56,860 | €56,860 | €171,372 | €116,372 | ▼ 32.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | €114,512 | €114,512 | = |
| Distributable reserves133 | - | - | - | €55,000 | €56,860 | €56,860 | €1,860 | ▼ 96.7% |
| Profit (loss) carried forward14 | €3,969 | €251 | €91,295 | €144,236 | €83,858 | €209,621 | €64,976 | ▼ 69.0% |
| Amounts payable17/49 | €238,786 | €113,592 | €146,936 | €90,687 | €402,664 | €110,163 | €142,657 | ▲ 29.5% |
| Amounts payable within one year42/48 | €238,786 | €113,592 | €146,936 | €90,687 | €402,664 | €110,163 | €142,657 | ▲ 29.5% |
| Trade debts44 | €102,491 | €32,880 | €72,168 | €37,577 | €109,406 | €70,367 | €428 | ▼ 99.4% |
| Suppliers440/4 | - | - | - | €37,577 | €109,406 | €70,367 | €428 | ▼ 99.4% |
| Taxes, remuneration and social security45 | - | - | - | €6,294 | €9,794 | €2,800 | €33,339 | ▲ 12× |
| Taxes450/3 | - | - | - | €6,294 | €9,794 | - | €33,339 | - |
| Remuneration and social security454/9 | - | - | - | - | - | €2,800 | - | - |
| Other amounts payable47/48 | - | - | - | €46,816 | €283,464 | €36,996 | €108,891 | ▲ 194% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,970 | €26,982 | €87,869 | €52,941 | €179,622 | €300,275 | €355 | ▼ 99.9% |
| + Depreciation and write-downs630 | €1,284 | €2,633 | €3,318 | €7,129 | €8,617 | €10,475 | €9,354 | ▼ 10.7% |
| Operating cash flow (approximation) | €82,253 | €29,616 | €91,187 | €60,071 | €188,239 | €310,750 | €9,709 | ▼ 96.9% |
| Investment in fixed assets (approximation) | - | -€18,495 | -€36,352 | -€11,524 | -€6,272 | -€8,680 | €0 | - |
| Change in cash | - | -€110,456 | €7,892 | -€25,536 | €149,894 | -€18,071 | -€37,187 | ▼ 106% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 10,904 companies had the same profile as LEM CONSULT has now. Two years later, 0.7% had gone bankrupt and 95.1% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of LEM CONSULT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for LEM CONSULT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 31-10-2025 | 2025-00556459 | |
| 31-03-2024 | micro format | 15-10-2024 | 2024-00506713 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00503011 | |
| 31-03-2022 | micro format | 30-09-2022 | 2022-20442402 | |
| 31-03-2021 | abbreviated format | 08-10-2021 | 2021-71400192 | |
| 31-03-2020 | abbreviated format | 26-11-2020 | 2020-71900403 | |
| 31-03-2019 | abbreviated format | 14-11-2019 | 2019-73600192 | |
| 31-03-2018 | abbreviated format | 28-10-2018 | 2018-70800176 | |
| 31-03-2017 | micro format | 15-11-2017 | 2017-69600324 | |
| 31-03-2016 | abbreviated format | 27-10-2016 | 2016-66300040 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 04-01-2023 Converted to unavailable equity · €20,460
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste van overdrager en helft ten laste van koper(s) naar evenredigheid van verworven aantal…”
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Besluit van de algemene vergadering die beraadslaagt zoals inzake statutenwijziging”
Articles of association, deed of 04-01-2023 (in Dutch)
Network & group
LEM CONSULT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of LEM CONSULT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
04-01
Gazette deed
Reappointment: GNESOTTO Thomas (director)Capital conversion · Reserve release · Amendment of the articles11 points ▸
- General meeting, 20-12-2022
- Other provision, “aanpassing statuten en vervroegde onderwerping aan WVV, met ingang van de datum waarop deze akte wordt bekendgemaakt” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39,§2,tweede lid van de wet van 2019-03-23” (deed in Dutch)
- Amendment of the articles
- Capital
- Power of attorney, Frederic CONVENT, mentioned 2 times in the deed
- Director reappointment, GNESOTTO Thomas (director)
- Registered office clause, “1850 Grimbergen, Wilgenbaan 2” (deed in Dutch)
- Other provision, “info@lem-consult.be, website en e-mailadres” (deed in Dutch)
- Power of attorney
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
4 activities
- Raadgeving betreffende "lean management": optimalisatie van productiesectoren,optimalisatie van ontwikkeling van nieuwe producten en optimalisatie van andere niet-productiesectoren
- Organisatie van bijscholing en seminaries in het domein van "lean management"
- Ontwikkeling en invoering van een call center
- Advies aan vennootschappen in het algemeen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23403G0296/00V000 | Flanders | 1,226 m² | 1 · 180 m² | 0.1 m |