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LEM5

Active
Private limited companyfounded 20206 yrs activePater de Dekenstraat 15, 1040 Etterbeek, BelgiumKBO/BCE: BE 0750.775.545
Summary

The computed 12-month bankruptcy probability of LEM5 is 6.9% (elevated). The 2024 annual accounts show negative equity (-€33,328) and a net result of -€2,730. Equity is shrinking by ~46% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2022
Profitability36▲+5
Solvency19▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
6.9% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.02 in 2022; short-term debt: 103% and cash: 0.7% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · 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
-5.5%
Return on assets
-0.5%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
212224
2021 to 2024 · latest year -€33,328
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2022
152 d late
2021
153 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 112 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

LEM5 was incorporated on 16 July 2020 as a Private limited company.1 Total assets went from EUR 602,149 in 2021 to EUR 603,991 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€33,328▼ 59.5%
2022 · -€20,898
Total assets
€603,991▼ 1.7%
2022 · €614,280
Net result
-€2,730▲ 83.3%
2022 · -€16,380
Working capital
-€618,328▼ 2.1%
2022 · -€605,898
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
Line202120222024
Operating result-€348--€2,510▼ 622%-€2,626-
Net result-€19,518--€16,380▲ 16.1%-€2,730-
Equity-€4,518--€20,898▼ 363%-€33,328-
Total assets€602,149-€614,280▲ 2.0%€603,991-
Debt€606,667-€635,178▲ 4.7%€637,319-
Working capital-€604,518--€605,898▼ 0.2%-€618,328-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2021: -€348-€348Net result 2021: -€19,518-€19,518Operating result 2022: -€2,510-€2,510Net result 2022: -€16,380-€16,380Operating result 2024: -€2,626-€2,626Net result 2024: -€2,730-€2,730202120222024-€20,000-€15,000-€10,000-€5,000€0Operating result 2021: -€348-€348Net result 2021: -€19,518-€19,500Operating result 2022: -€2,510-€2,510Net result 2022: -€16,380-€16,400Operating result 2024: -€2,626-€2,630Net result 2024: -€2,730-€2,730202120222024
The operating result is -€2,626 in 2024, compared with -€2,510 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €603,991
Fixed assets €600,000 =
Current assets €3,991 ▼ 72.0%
Key figures and ratios
2024 value · change against 2022
Solvency
-5.5%▼
2022 · -3.4%
Current ratio
0.01▼
2022 · 0.02
Debt to equity
-19.12▲
2022 · -30.39
ROA
-0.5%▲
2022 · -2.7%
Debt ≤ 1 year
€622,319▲
2022 · €620,178
Debt > 1 year
€15,000=
2022 · €15,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2022 · 30 lines
Balance sheet Code20222024
Assets
Total assets20/58€614,280€603,991▼
Fixed assets21/28€600,000€600,000=
Financial fixed assets28€600,000€600,000=
Current assets29/58€14,280€3,991▼
Cash at bank and in hand54/58€14,280€3,991▼
Equity and liabilities
Total equity and liabilities10/49€614,280€603,991▼
Equity10/15-€20,898-€33,328▼
Contributions10/11€15,000€15,000=
Outside capital11€15,000€15,000=
Other1109/19€15,000€15,000=
Profit (loss) carried forward14-€35,898-€48,328▼
Amounts payable17/49€635,178€637,319▲
Amounts payable after more than one year17€15,000€15,000=
Financial debts170/4€15,000€15,000=
Amounts payable within one year42/48€620,178€622,319▲
Financial debts43€300,000-
Credit institutions430/8€300,000-
Trade debts44€2,163€3,715▲
Suppliers440/4€2,163€3,715▲
Other amounts payable47/48€318,015€618,604▲
Income statement Code20222024
Other operating charges640/8€695-
Gross operating margin9900-€1,815-€2,626▼
Operating profit (loss)9901-€2,510-€2,626▼
Financial charges65/66B€13,870€104▼
Recurring financial charges65€13,870€104▼
Profit (loss) for the period before taxes9903-€16,380-€2,730▲
Profit (loss) for the period9904-€16,380-€2,730▲
Profit (loss) for the period to be appropriated9905-€16,380-€2,730▲
Appropriation of the result
Profit (loss) to be appropriated9906-€35,898-€48,328▼
Profit (loss) brought forward from the previous period14P-€19,518-€45,597▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202120222024Change
Other operating charges640/8€348€695--
Gross operating margin9900--€1,815-€2,626-
Operating profit (loss)9901-€348-€2,510-€2,626-
Financial charges65/66B€19,170€13,870€104-
Recurring financial charges65€19,170€13,870€104-
Profit (loss) for the period before taxes9903-€19,518-€16,380-€2,730-
Profit (loss) for the period9904-€19,518-€16,380-€2,730-
Profit (loss) for the period to be appropriated9905-€19,518-€16,380-€2,730-
Line202120222024Change
Assets
Total assets20/58€602,149€614,280€603,991-
Fixed assets21/28€600,000€600,000€600,000-
Financial fixed assets28€600,000€600,000€600,000-
Current assets29/58€2,149€14,280€3,991-
Cash at bank and in hand54/58€2,149€14,280€3,991-
Equity and liabilities
Total equity and liabilities10/49€602,149€614,280€603,991-
Equity10/15-€4,518-€20,898-€33,328-
Contributions10/11€15,000€15,000€15,000-
Outside capital11€15,000€15,000€15,000-
Other1109/19€15,000€15,000€15,000-
Profit (loss) carried forward14-€19,518-€35,898-€48,328-
Amounts payable17/49€606,667€635,178€637,319-
Amounts payable after more than one year17-€15,000€15,000-
Financial debts170/4-€15,000€15,000-
Amounts payable within one year42/48€606,667€620,178€622,319-
Financial debts43€300,000€300,000--
Credit institutions430/8€300,000€300,000--
Trade debts44-€2,163€3,715-
Suppliers440/4-€2,163€3,715-
Other amounts payable47/48€306,667€318,015€618,604-
Line202120222024Change
Profit (loss) for the period9904-€19,518-€16,380-€2,730-
Operating cash flow (approximation)-€19,518-€16,380-€2,730-
Investment in fixed assets (approximation)-€0--
Change in cash-€12,132--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2023
30-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 152 days late
2022
31-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
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, Etterbeek
exact location from the address register On OpenStreetMap
Ground area
219 m²
Building footprint
134 m²
Volume, LiDAR
1,794 m³
Parcel 21005A0564/00Y004, Brussels · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21005A0564/00Y004 Brussels 219 m² 1 · 133 m² 19.8 m · 5 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of LEM5 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded16-07-2020
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.