2025 accounts filed 77 days after the deadlineTurnover not published (micro format)
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Incorporation
Founding capital of €15,000, 1,000 shares · Founders: Name after signing inVisible after signing in, Name hiddenVisible after signing in, Hidden nameVisible after signing in and 2 others · Appointments: Name after signing inVisible after signing in, Name hiddenVisible after signing in, Hidden nameVisible after signing in and Name after signing inVisible after signing in · published on 20-07-2020 · Gazette deed
“Het beheren,behouden en bevorderen van het historisch patrimonium van de familie d’Alcantara (zowel roerend,onroerend…” (deed in Dutch)From the articles, 8 activitiesNo NACE code in the KBO yet
Small companies may file abbreviated or micro-format accounts. They often leave out revenue and other detail. The law allows it, so it is not missing data.
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
A company files its annual accounts with the National Bank no later than seven months after its financial year ends. Repeated late filing is a warning sign.
each dot is a set of accounts, on the day it reached the National Bank
2025 annual accounts filed 77 days after the deadline. Filed on 16 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00564913.
per financial year, computed from the annual accounts
Line
Trend
2025
2024
2022
202118 months
-
-
-
600,000
1,317
-
12,132
-
-621,001
-618,328
-605,898
-604,518
-5.9%
-5.5%
-3.4%
-0.8%
0.01
0.01
0.02
0.00
-0.4%
-0.5%
-2.7%
-3.2%
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired
Investment
Investment is what the company bought in the financial year in buildings, machinery, software and other fixed assets. Above depreciation, it is building up. Years below it, it is living off what it has.
Item
2025
2024
2022
2021
Financial fixed assets
-
-
-
€600,000
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on LEM5
The operating result for 2025 is a loss of €2,568, smaller than the loss of €2,626 in 2024.
Equity is negative. Debt (€641,309) exceeds the balance-sheet total (€605,309).
Board & ownership
Board
Directors
Many board changes in a short time are a reason to keep a close eye on the company.
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
4 names, the dashed line is today
202020212022202320242025202620272028
Hidden nameVisible after signing in Director (not named in the articles)
Name after signing inVisible after signing in Director (not named in the articles)
Name hiddenVisible after signing in Director (not named in the articles)
Hidden nameVisible after signing in Director (not named in the articles)
BoardEarlierend not dated
Mandates as a list
Name after signing inVisible after signing in
Director (not named in the articles), appointed by deed of 20-07-2020, still in office
Name hiddenVisible after signing in
Director (not named in the articles), appointed by deed of 20-07-2020, still in office
Managing director, appointed by deed of 20-07-2020, last mentioned in 2020
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Director (not named in the articles), appointed by deed of 20-07-2020, no longer listed in the 2025 annual accounts
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Director (not named in the articles), appointed by deed of 20-07-2020, no longer listed in the 2025 annual accounts
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Collegiaal bestuursorgaan,raad van bestuur genoemd, enige bestuurder indien algemene vergadering beslist”
“Raad kan onder leden voorzitter benoemen, bij ontstentenis of afwezigheid,voorzitterschap door bestuurder aangeduid onder aanwezigen door…”
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Besluit algemene vergadering die beraadslaagt zoals inzake statutenwijziging”
LEM5 is linked to other companies through directors or shares. Look especially for linked companies in trouble.
2 connected companies
Depth
The connected companies are in the list below.
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
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Shared director · deed of 23-10-2025
Founded in 1990 · total assets €6.7m (2026)
Name hiddenVisible after signing in
Shared director · deed of 23-10-2025
Founded in 2025
Timeline
Timeline
5 events since 2020
Filings
2020202220242026
Deadline for the 2026 accounts:
31-07-2027
2026
Annual accounts 2025 filedNBB ↗micro format · 77 days late
2025
Annual accounts 2024 filedPDFmicro format · 30 days late
2023
Annual accounts 2022 filedPDFmicro format · 152 days late
2022
Annual accounts 2021 filedPDFmicro format · 153 days late
2020
IncorporationFounding capital of €15,000, 1,000 shares · Founders: Name hiddenVisible after signing in, Hidden nameVisible after signing in, Name after signing inVisible after signing in and 2 others · Appointments: Name hiddenVisible after signing in, Hidden nameVisible after signing in, Name after signing inVisible after signing in and Name hiddenVisible after signing in · published on 20-07-202012 points ▸
Founder, Hidden nameVisible after signing in
Founder, Name after signing inVisible after signing in
Founder, Name hiddenVisible after signing in
Founder, Hidden nameVisible after signing in
Founder, Name after signing inVisible after signing in
Founding capital, €15,000, 1,000 shares
Capital, €15,000
Director appointment, Name hiddenVisible after signing in (director (not named in the articles))
Director appointment, Hidden nameVisible after signing in (director (not named in the articles))
Director appointment, Name after signing inVisible after signing in (director (not named in the articles))
Director appointment, Name hiddenVisible after signing in (director (not named in the articles))
Director appointment, Hidden nameVisible after signing in (managing director)
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
LEM5 was incorporated on 16 July 2020 as a private limited company by five natural persons, with a starting capital of €15,000.12The board currently has 2 members.3Total assets went from €602,149 in 2021 to €605,309 in 2025.4
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het beheren,behouden en bevorderen van het historisch patrimonium van de familie d’Alcantara (zowel roerend,onroerend als immaterieel…”
8 activities
Het beheren,behouden en bevorderen van het historisch patrimonium van de familie d’Alcantara (zowel roerend,onroerend als immaterieel erfgoed)
Het oprichten,ontwikkelen,promoten en beheren van een onroerend vermogen in ruime zin; alle verrichtingen,al dan niet onder het stelsel van de BTW,met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals onder meer,de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten
Het oprichten,ontwikkelen,promoten en beheren van een roerend vermogen in ruime zin; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals onder meer,de aan- en verkoop,de ruil,de inschrijving,de vaste overname,de belegging; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen,certificaten,kredieten,munten en andere roerende waarden,uitgegeven door Belgische of buitenlandse vennootschappen,of deze nu al dan niet een (semi) publiek juridisch statuut hebben
Het aangaan en verstrekken van leningen,kredieten,financieringen en het aangaan van leasingcontracten en het garanderen van alle door derden toegekende leningen,met dien verstande dat de vennootschap geen enkele activiteit zal verrichten waarvan de uitoefening onderworpen zou zijn aan wetten of reglementen die van toepassing zijn op de krediet- en/of financiële instellingen
Het hypothekeren van haar onroerende goederen en het verpanden van al haar andere goederen,met inbegrip van het handelsfonds; zich borg stellen en gelijk welke persoonlijke of zakelijke zekerheid geven of haar goedkeuring verlenen voor alle leningen of verbintenissen van welke aard ook,zowel voor haarzelf als voor alle derden,met inbegrip van de bestuurders,de aandeelhouders,het personeel en een aangestelden van de vennootschap
Het beheer van de investeringen en de deelnemingen in andere entiteiten,de uitoefening van beheersfuncties of van een mandaat,het verschaffen van adviezen,management en andere diensten gelijkaardig aan de activiteiten van de vennootschap
Het nemen van belangen door inbreng,fusie,inschrijving of op elke andere wijze,in alle zaken,ondernemingen,verenigingen of vennootschappen die een identiek,analoog of gelijkaardig voorwerp hebben of die bijdragen tot de ontwikkeling van haar onderneming,haar van middelen voorziet of de verkoop van diensten en producten vergemakkelijkt
In het algemeen,het stellen van alle commerciële,industriële,financiële,roerende of onroerende verrichtingen,zowel voor eigen rekening als voor rekening van derden,die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of die bijdragen tot de rechtstreekse of onrechtstreekse,gehele of gedeeltelijke verwezenlijking ervan
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