LEMA
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2324
2023 to 2024 · latest year -€36,746
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 16 days before 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)
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Financials · fiscal year 2024, micro schema
Equity
€327,913▼ 10.1%
2023 · €364,659
Total assets
€379,147▼ 9.0%
2023 · €416,696
Net result
-€36,746▲ 9.9%
2023 · -€40,766
Working capital
€162,650▼ 11.2%
2023 · €183,251
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
Line20232024
Operating result-€38,252--€37,628▲ 1.6%
Net result-€40,766--€36,746▲ 9.9%
Equity€364,659-€327,913▼ 10.1%
Total assets€416,696-€379,147▼ 9.0%
Debt€52,037-€51,233▼ 1.5%
Working capital€183,251-€162,650▼ 11.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €37,628 in 2024 against €38,252 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €379,147
Fixed assets
€165,264 ▼ 8.9%
Current assets
€213,883 ▼ 9.1%
Equity and liabilities €379,147
Equity
€327,913 ▼ 10.1%
Debt
€51,233 ▼ 1.5%
Debt's share of the balance-sheet total rises from 12.5% to 13.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€21,483▲
2023 · -€21,767
Cash flow
-€20,601▲
2023 · -€24,280
Current ratio
4.17▼
2023 · 4.52
Debt to equity
0.16▲
2023 · 0.14
ROE
-11.2%▼
2023 · -11.2%
ROA
-9.7%▲
2023 · -9.8%
Interest coverage
-596.76▼
2023 · -8.24
Debt ≤ 1 year
€51,233▼
2023 · €52,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,485 | €16,145 | ▼ 2.1% |
| Other operating charges640/8 | €1,784 | €1,793 | ▲ 0.5% |
| Gross operating margin9900 | -€19,982 | -€19,690 | ▲ 1.5% |
| Operating profit (loss)9901 | -€38,252 | -€37,628 | ▲ 1.6% |
| Financial income75/76B | - | €918 | - |
| Recurring financial income75 | - | €918 | - |
| Financial charges65/66B | €2,642 | €36 | ▼ 98.6% |
| Recurring financial charges65 | €2,642 | €36 | ▼ 98.6% |
| Profit (loss) for the period before taxes9903 | -€40,894 | -€36,746 | ▲ 10.1% |
| Income taxes67/77 | -€128 | - | - |
| Profit (loss) for the period9904 | -€40,766 | -€36,746 | ▲ 9.9% |
| Profit (loss) for the period to be appropriated9905 | -€40,766 | -€36,746 | ▲ 9.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €416,696 | €379,147 | ▼ 9.0% |
| Fixed assets21/28 | €181,408 | €165,264 | ▼ 8.9% |
| Tangible fixed assets22/27 | €181,408 | €165,264 | ▼ 8.9% |
| Land and buildings22 | €157,393 | €147,574 | ▼ 6.2% |
| Plant, machinery and equipment23 | €3,425 | €2,233 | ▼ 34.8% |
| Furniture and vehicles24 | €20,591 | €15,457 | ▼ 24.9% |
| Other tangible fixed assets26 | €0 | - | - |
| Current assets29/58 | €235,288 | €213,883 | ▼ 9.1% |
| Amounts receivable within one year40/41 | €641 | €475 | ▼ 25.9% |
| Other amounts receivable41 | €641 | €475 | ▼ 25.9% |
| Current investments50/53 | €29,887 | €199,887 | ▲ 569% |
| Cash at bank and in hand54/58 | €204,027 | €12,783 | ▼ 93.7% |
| Deferred charges and accrued income490/1 | €732 | €738 | ▲ 0.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €416,696 | €379,147 | ▼ 9.0% |
| Equity10/15 | €364,659 | €327,913 | ▼ 10.1% |
| Contributions10/11 | €12,500 | €12,500 | = |
| Reserves13 | €392,925 | €392,925 | = |
| Distributable reserves133 | €392,925 | €392,925 | = |
| Profit (loss) carried forward14 | -€40,766 | -€77,512 | ▼ 90.1% |
| Amounts payable17/49 | €52,037 | €51,233 | ▼ 1.5% |
| Amounts payable within one year42/48 | €52,037 | €51,233 | ▼ 1.5% |
| Trade debts44 | €1,167 | €1,545 | ▲ 32.4% |
| Suppliers440/4 | €1,167 | €1,545 | ▲ 32.4% |
| Advances received on contracts in progress46 | €2,040 | €2,040 | = |
| Taxes, remuneration and social security45 | €780 | - | - |
| Taxes450/3 | €780 | - | - |
| Other amounts payable47/48 | €48,050 | €47,648 | ▼ 0.8% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€40,766 | -€36,746 | ▲ 9.9% |
| + Depreciation and write-downs630 | €16,485 | €16,145 | ▼ 2.1% |
| Operating cash flow (approximation) | -€24,280 | -€20,601 | ▲ 15.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€191,244 | - |
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
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Connections & network
10 connected companiesThis company
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