Lema Construct
ActiveLema Construct has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €223k and a net result of €176k. Equity is growing by ~56.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
63
/ 100
Healthy▲ +28 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33▼-1
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.47 in 2024), and 80.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.4%
Return on assets
15.4%
Age of the figures
8 mo
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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 7 filingsDeviation from the deadline
2025
20 d late
2024
15 d early
2023
20 d late
2022
60 d late
2021
36 d late
2020
9 d late
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€223k▲ 51.9%
2024 · €146k
2019: €16k
2020: €11k
2021: €6k
2022: €190k
2023: €166k
2024: €146k
2019 → 2025
Total assets
€1.14M▲ 49.3%
2024 · €767k
2019: €198k
2020: €202k
2021: €289k
2022: €541k
2023: €665k
2024: €767k
2019 → 2025
Net result
€176k
2024 · €-20k
2019: €-4k
2020: €-5k
2021: €-5k
2022: €184k
2023: €-24k
2024: €-20k
2019 → 2025
Working capital
€338k▲ 37.2%
2024 · €246k
2019: €16k
2020: €11k
2021: €6k
2022: €290k
2023: €266k
2024: €246k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€190k▲ 3,013%€166k▼ 12.7%€146k▼ 11.9%€223k▲ 51.9%
Operating result€-5k-€242k€-23k€-9k▲ 62.3%€234k
Net result€-5k-€184k€-24k€-20k▲ 18.4%€176k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €234k after a loss of €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.14M
Equity
€223k▲ 51.9%
Debt
€922k▲ 48.7%
The debt ratio falls from 80.9% to 80.6%: equity grows faster than debt.
Key figures and ratios
Solvency
19.4%▲
2024 · 19.1%
Current ratio
1.42▼
2024 · 1.47
Quick ratio
0.70▲
2024 · 0.03
Debt / equity
4.14▼
2024 · 4.24
ROE
79.1%▲
2024 · -13.5%
ROA
15.4%▲
2024 · -2.6%
Debt
€922k▲
2024 · €620k
Debt ≤ 1 year
€807k▲
2024 · €520k
Debt > 1 year
€115k▲
2024 · €100k
Income taxes
€45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€767k€1.14M▲
Current assets29/58€767k€1.14M▲
Stocks and contracts in progress3€752k€581k▼
Stocks30/36€752k€581k▼
Amounts receivable within one year40/41€5k€513k▲
Trade receivables40€5k€262k▲
Other amounts receivable41€0€250k▲
Cash at bank and in hand54/58€10k€51k▲
Deferred charges and accrued income490/1€368€381▲
Equity and liabilities
Total equity and liabilities10/49€767k€1.14M▲
Equity10/15€146k€223k▲
Contributions10/11€20k€20k=
Reserves13€170k€203k▲
Distributable reserves133€170k€203k▲
Profit (loss) carried forward14€-44k€0▲
Amounts payable17/49€620k€922k▲
Amounts payable after more than one year17€100k€115k▲
Other amounts payable178/9€100k€115k▲
Amounts payable within one year42/48€520k€807k▲
Financial debts43€350k€30k▼
Credit institutions430/8€350k€30k▼
Trade debts44€5k€395k▲
Suppliers440/4€5k€395k▲
Advances received on contracts in progress46€69k€0▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€96k€381k▲
Accrued charges and deferred income492/3-€684
Income statement
Code20242025
Other operating charges640/8€3k€4k▲
Gross operating margin9900€-5k€239k▲
Operating profit (loss)9901€-9k€234k▲
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€11k€16k▲
Recurring financial charges65€11k€16k▲
Profit (loss) for the period before taxes9903€-20k€221k▲
Income taxes67/77-€45k
Profit (loss) for the period9904€-20k€176k▲
Profit (loss) for the period to be appropriated9905€-20k€176k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€132k▲
Profit (loss) brought forward from the previous period14P€-24k€-44k▼
Transfer from equity791/2-€100k
Transfer to equity691/2-€132k
To other reserves6921-€132k
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Back to profitnet €176k
Net result €176k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €223k ▲51.9%
Equity rises from €146k to €223k.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet €-24k ▼113%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Back to profitnet €184k
Net result €184k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.16
Current ratio from 1.02 to 2.16; short-term debt falls from €283k to €250k.
31-12
Financial
Equity above €150kEq €190k ▲3013%
Equity rises from €6k to €190k.
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 36 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Tournai · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grand Chemin(HAV) 2887531 TournaiGround area
1,246 m²
Building footprint
173 m²
Volume, LiDAR
885 m³
Parcel 57036C0077/00K000, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lema Construct
since 20182.279.464.069
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57036C0077/00K000 | Wallonia | 1,246 m² | 1 · 173 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,635 companies in sector 68121 we hold annual accounts for 7,328. 5,259 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2018
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.