LEMA
ActiveSummary
LEMA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62.5m and a net result of €13.1m. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
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Signals
This company filed its last 4 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
LEMA was incorporated on 13 April 2022 as a Private limited company by two natural persons, with a starting capital of EUR 2,504.12 In 2022 the capital was increased by EUR 40 million to EUR 40 million.3 The board currently has 2 members; DADA CHAPEL DISTILLERY has served longest, since 2022.2 Total assets rose from EUR 59 million in 2022 to EUR 78 million in 2025 and headcount from 0.8 to 3.5 full-time equivalents.4
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13,715 | - | - |
| Remuneration, social security and pensions62 | €129,786 | €81,177 | €244,819 | €407,952 | ▲ 66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €433,180 | €444,019 | €460,946 | €459,307 | ▼ 0.4% |
| Other operating charges640/8 | €94,289 | €84,103 | €86,329 | €81,082 | ▼ 6.1% |
| Gross operating margin9900 | €833,250 | €662,698 | €744,742 | €1.1m | ▲ 47.4% |
| Operating profit (loss)9901 | €175,996 | €53,399 | -€47,352 | €149,502 | ▲ 416% |
| Financial income75/76B | €8.2m | €7.4m | €10.9m | €14.6m | ▲ 34.2% |
| Recurring financial income75 | €8.2m | €7.4m | €10.9m | €14.6m | ▲ 34.2% |
| Financial charges65/66B | €332,964 | €306,085 | €318,583 | €861,737 | ▲ 170% |
| Recurring financial charges65 | €332,964 | €306,085 | €318,583 | €861,737 | ▲ 170% |
| Profit (loss) for the period before taxes9903 | €8.1m | €7.1m | €10.5m | €13.9m | ▲ 32.1% |
| Transfer from deferred taxes780 | €5,121 | €5,121 | €5,121 | €5,121 | = |
| Income taxes67/77 | €492,653 | €687,547 | €1.3m | €778,666 | ▼ 38.9% |
| Profit (loss) for the period9904 | €7.6m | €6.4m | €9.3m | €13.1m | ▲ 41.9% |
| Transfer from tax-exempt reserves789 | €8,788 | €8,788 | €8,788 | €8,788 | = |
| Profit (loss) for the period to be appropriated9905 | €7.6m | €6.4m | €9.3m | €13.1m | ▲ 41.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €59.3m | €69.9m | €74.0m | €78.0m | ▲ 5.4% |
| Fixed assets21/28 | €20.7m | €21.9m | €22.0m | €21.9m | ▼ 0.7% |
| Tangible fixed assets22/27 | €17.1m | €18.4m | €18.5m | €18.3m | ▼ 0.8% |
| Land and buildings22 | €10.5m | €10.3m | €10.4m | €10.0m | ▼ 4.2% |
| Furniture and vehicles24 | €6.6m | €8.1m | €8.1m | €8.4m | ▲ 3.5% |
| Assets under construction and advance payments27 | €24,200 | - | - | - | - |
| Financial fixed assets28 | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Current assets29/58 | €38.6m | €47.9m | €52.0m | €56.1m | ▲ 8.1% |
| Stocks and contracts in progress3 | €22,853 | €20,314 | €17,775 | €15,235 | ▼ 14.3% |
| Stocks30/36 | €22,853 | €20,314 | €17,775 | €15,235 | ▼ 14.3% |
| Amounts receivable within one year40/41 | €24.9m | €25.6m | €25.5m | €19.9m | ▼ 22.0% |
| Trade receivables40 | €110,030 | €30,901 | €118,433 | €363,211 | ▲ 207% |
| Other amounts receivable41 | €24.8m | €25.6m | €25.4m | €19.5m | ▼ 23.0% |
| Current investments50/53 | €12.2m | €22.1m | €24.8m | €34.8m | ▲ 40.1% |
| Cash at bank and in hand54/58 | €1.4m | €144,548 | €1.5m | €1.3m | ▼ 11.6% |
| Deferred charges and accrued income490/1 | €48,504 | €65,945 | €97,345 | €108,117 | ▲ 11.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €59.3m | €69.9m | €74.0m | €78.0m | ▲ 5.4% |
| Equity10/15 | €44.5m | €49.8m | €54.4m | €62.5m | ▲ 14.8% |
| Contributions10/11 | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Reserves13 | €28.7m | €33.9m | €38.5m | €39.4m | ▲ 2.4% |
| Non-distributable reserves130/1 | €173,606 | €173,606 | €173,606 | €173,606 | = |
| Other1319 | €173,606 | €173,606 | €173,606 | €173,606 | = |
| Tax-exempt reserves132 | €52,729 | €43,941 | €35,153 | €26,365 | ▼ 25.0% |
| Distributable reserves133 | €28.4m | €33.7m | €38.3m | €39.2m | ▲ 2.4% |
| Profit (loss) carried forward14 | €12.1m | €12.1m | €12.1m | €19.2m | ▲ 59.1% |
| Provisions and deferred taxes16 | €30,728 | €25,607 | €20,485 | €15,364 | ▼ 25.0% |
| Deferred taxes168 | €30,728 | €25,607 | €20,485 | €15,364 | ▼ 25.0% |
| Amounts payable17/49 | €14.7m | €20.0m | €19.6m | €15.6m | ▼ 20.5% |
| Amounts payable after more than one year17 | €4.0m | €7.4m | €6.2m | €3.8m | ▼ 38.5% |
| Financial debts170/4 | €4.0m | €7.4m | €6.2m | €3.8m | ▼ 38.5% |
| Amounts payable within one year42/48 | €10.6m | €12.5m | €13.1m | €11.5m | ▼ 12.8% |
| Current portion of amounts payable after more than one year42 | €1.2m | €1.1m | €1.1m | €1.4m | ▲ 21.5% |
| Financial debts43 | - | €3.0m | - | - | - |
| Credit institutions430/8 | - | €3.0m | - | - | - |
| Trade debts44 | €53,122 | €34,657 | €82,287 | €62,619 | ▼ 23.9% |
| Suppliers440/4 | €53,122 | €34,657 | €82,287 | €62,619 | ▼ 23.9% |
| Taxes, remuneration and social security45 | €1.1m | €1.4m | €1.6m | €1.9m | ▲ 16.1% |
| Taxes450/3 | €1.1m | €1.4m | €1.6m | €1.8m | ▲ 15.8% |
| Remuneration and social security454/9 | €3,286 | €2,303 | €20,837 | €29,258 | ▲ 40.4% |
| Other amounts payable47/48 | €8.3m | €6.9m | €10.3m | €8.1m | ▼ 21.1% |
| Accrued charges and deferred income492/3 | €92,159 | €138,554 | €200,847 | €264,205 | ▲ 31.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.6m | €6.4m | €9.3m | €13.1m | ▲ 41.9% |
| + Depreciation and write-downs630 | €433,180 | €444,019 | €460,946 | €459,307 | ▼ 0.4% |
| Operating cash flow (approximation) | €8.0m | €6.9m | €9.7m | €13.6m | ▲ 39.9% |
| Investment in fixed assets (approximation) | - | -€1.7m | -€552,383 | -€305,102 | ▲ 44.8% |
| Change in cash | - | -€1.3m | €1.4m | -€174,738 | ▼ 113% |
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
08-07
State Gazette act
Capital & shares · RestructuringDemerger · Dissolution · Accounting effect15 facts ▸
- General meeting, 08/06/2022
- Demerger, LEMA NV
- Demerger, LEMA NV
- Dissolution, zonder vereffening
- Accounting effect, 01/01/2022
- Share issue, 761, 52.751,89 EUR
- Capital increase, €40.144.188,75
- Statutes amendment
- Power of attorney, Tiberghien BV
- Shareholder, LEMA
- Shareholder, LEMA
- Exchange ratio, 1:1:1
- +3 further facts in this act
27-04
State Gazette act
Restructuring · MiscellaneousDemerger · Accounting effect · Real estate19 facts ▸
- Demerger, LEMA NV
- Demerger, LEMA NV
- Accounting effect, 01/01/2022
- Real estate, Elsene, Emile Duraylaan 2/4, appartement 'parties privatives 3' en garage 'Garage A'
- Real estate, Antwerpen, Franklin Rooseveltplaats 8/18, kantoren op tweede verdieping
- Real estate, Antwerpen, Franklin Rooseveltplaats 12, 'President Building', bureellokalen eerste verdieping en 7 autostaanplaatsen
- Real estate, Gent, Kleine Vismarkt 3, handelspand
- Real estate, Antwerpen, Graaf van Hoornestraat 2, commerciële ruimte gelijkvloers
- Real estate, Gent, Zandberg 11/12, Residentie 'SANDHILL', garagebox 8 en parkeerplaatsen 1 en 2
- Real estate, Brussel, Olivetenhof 3/7, handelspand
- Real estate, Brussel, Kolenmarkt 93, investeringspand met bijgebouwen
- Real estate, Brussel, Kolenmarkt 91, handelspand
- +7 further facts in this act
15-04
State Gazette act
IncorporationAppointments: Michel Moortgat (non-statutory director) and Hotel Vanden Meersche (non-statutory director) · Permanent representative: Stéphanie Donck · Founder13 facts ▸
- Incorporation, 13 april 2022
- Founder, Michel Moortgat
- Founder, Stéphanie Donck
- Founding capital, €2.503,69
- Capital, €2.503,69
- Director appointment, Michel Moortgat (non-statutory director)
- Director appointment, Hotel Vanden Meersche (non-statutory director)
- Permanent representative, Stéphanie Donck
- Director appointment, Michel Moortgat (managing director)
- Mandate compensation, Michel Moortgat
- Mandate compensation, Hotel Vanden Meersche
- Capital contribution, €2.497,11
- +1 further facts in this act
Directors · office · real estate
Board 3
Day-to-day management 1
Permanent representatives 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0195/00E000 | Flanders | 4,924 m² | 1 · 355 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| DADA CHAPEL DISTILLERY |
|
| Michel Moortgat |
|
| Hotel Vanden Meerschefrom an act |
|
Articles of association
Full purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, zowel in eigen naam en/of voor eigen rekening als in naam en/of voor rekening van derden, alleen of in samenwerking met derden: 1. Het bij wijze van inschrijving, inbreng, fusie, samenwerking, financiële tussenkomst of anderszins verwerven van een belang of deelneming in alle bestaande of nog op te richten vennootschappen, ondernemingen, bedrijvigheden of verenigingen, zonder onderscheid in België of in het buitenland. 2. Administratie, consultancy, IT diensten, begeleiden van bedrijven en managementactiviteiten. 3. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten , het aankopen en verkopen zowel in volle eigendom als in vruchtgebruik en/of blote eigendom, ruilen, doen bouwen, doen verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks betrekking hebben op het commercieel, technisch en/of administratief beheer, de valorisering voor zichzelf of voor derden van alle onroerende bebouwde en niet-bebouwde eigendommen, alle onderzoeken en schattingen verrichten, alle administratieve toelatingen vragen, alle lastenkohieren opstellen, alle architecten- en/of aannemingscontracten sluiten en alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en van die aard zijn dat ze de opbrengsten van de roerende en onroerende goederen bevorderen. 4. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium (zo onder meer kunst en andere waardevolle objecten), alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen. Het voeren van onderzoek, uitbouwen van expertise en het verlenen van advies in dit verband. 5. Alle verrichtingen die betrekking hebben op de groot- en kleinhandel, export en import, de commissionering van schoenen, leder- en textielwaren en andere consumptiegoederen. 6. Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm; in dit kader kan zij alle handels- en financiële operaties verrichten behalve deze die wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen. Ter verwezenlijking van bovenstaande activiteiten is het de vennootschap eveneens toegestaan om alle activiteiten waaronder begrepen aangaande cashmanagement en factoring en activiteiten die er rechtstreeks of onrechtstreeks mee verband houden uit te oefenen zowel ten voordele van zichzelf, van rechtspersonen waarvan de vennootschap aandelen aanhoudt en van alle particulieren, rechtspersonen en ondernemingen die rechtstreeks of onrechtstreeks worden gecontroleerd door dezelfde aandeelhouder als degene die de vennootschap direct of indirect controleert, alsook ten voordele van andere rechtspersonen en ondernemingen. Aangaande al het voorgaande handelt de vennootschap voor eigen rekening, in commissie, als tussenpersoon of als vertegenwoordiger. Zij mag haar onroerende goederen in hypotheek stellen en al haar andere goederen, met inbegrip van het handelsfonds, in pand stellen, zij mag zich borgstellen en aval verlenen voor alle leningen, kredietopeningen en andere verbintenissen zowel voor haarzelf als voor alle derden op voorwaarde dat zij er zelf belang bij heeft. De vennootschap kan alle opdrachten waarnemen met betrekking tot het bestuur, het beheer, de directie, de controle en de vereffening van alle vennootschappen en ondernemingen. Bovenvermelde opsomming is niet beperkend, zodat de vennootschap alle commerciële, industriële, financiële, onroerende en roerende activiteiten kan verrichten, die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of die van aard zijn haar ontwikkeling te bevorderen, met uitzondering van de verrichtingen op roerend en onroerende waarden door de wet voorbehouden aan de banken en de beursvennootschappen.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
99.9%
-
33.33%
According to the 2025 annual accounts of LEMA 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
9 connected companiesShow 5 more companies with a shared director
Ownership & control
4 board mandatesAcquisitions and mergers
1 transactionCapital and shareholders
- Michel Moortgat 759 shares · 2,497.11 EUR
- Stéphanie Donck 2 shares · 6.58 EUR
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 08-07-2022 Capital increase of 40,144,188.75 EUR · to 40,146,692.44 EUR
- 15-04-2022 Incorporation · 2,503.69 EUR · 761 shares
Recognitions · licences · registrations
Legal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.