Lema Construct
ActiveSummary
Lema Construct has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222,544 and a net result of €176,048. Equity is growing by about 56% per year across the filed financial years. Its solvency ranks better than 42% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €222,544
- Profit
- €176,048
- Bruno PETILLIONDirector
- Katrien FONTEYNEDirector
Why 94raises riskLiquidity: current ratio 1.42, cash €51,265lowers riskSize: total assets €1.1mFigures for financial year 2025 (filed 28-08-2026)Sector: Real estate activities (NACE 68)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 40% on solvency, 15% on liquidity, 71% on profitability and 86% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 22 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €176,048
- Equity above €200,000equity €222,544 ▲51.9%
Financials · financial year 2025, micro format
2025 annual accounts filed late (20 days) Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00439047.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €234,357 after a loss of €8,719 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97.3% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,684 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €2,443 | €2,572 | €3,973 | €3,330 | €4,299 | ▲ 29.1% |
| Gross operating margin9900 | -€3,519 | -€2,553 | -€2,061 | €244,847 | -€19,174 | -€5,389 | €238,655 | - |
| Operating profit (loss)9901 | -€4,264 | -€4,996 | -€4,503 | €242,276 | -€23,147 | -€8,719 | €234,357 | - |
| Financial income75/76B | - | - | - | €28,035 | €321 | €0 | €2,352 | ▲ 235,155× |
| Recurring financial income75 | - | - | - | €28,035 | €321 | €0 | €2,352 | ▲ 235,155× |
| Financial charges65/66B | - | - | - | €31,159 | €1,395 | €11,053 | €16,090 | ▲ 45.6% |
| Recurring financial charges65 | €27 | €90 | - | €31,159 | €1,395 | €11,053 | €16,090 | ▲ 45.6% |
| Profit (loss) for the period before taxes9903 | -€4,291 | -€5,086 | -€4,503 | €239,152 | -€24,221 | -€19,773 | €220,618 | - |
| Income taxes67/77 | - | - | - | €54,782 | €0 | - | €44,570 | - |
| Profit (loss) for the period9904 | -€4,291 | -€5,086 | -€4,503 | €184,370 | -€24,221 | -€19,773 | €176,048 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,291 | -€5,086 | -€4,503 | €184,370 | -€24,221 | -€19,773 | €176,048 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.2m | €0.2m | €0.3m | €0.5m | €0.7m | €0.8m | €1.1m | ▲ 49.3% |
| Current assets29/58 | €0.2m | €0.2m | €0.3m | €0.5m | €0.7m | €0.8m | €1.1m | ▲ 49.3% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.3m | €0.3m | €0.6m | €0.8m | €0.6m | ▼ 22.7% |
| Stocks30/36 | - | - | €0.3m | €0.3m | €0.6m | €0.8m | €0.6m | ▼ 22.7% |
| Amounts receivable within one year40/41 | €0.002m | €0.01m | €0.005m | €0.01m | €0.04m | €0.005m | €0.5m | ▲ 96× |
| Trade receivables40 | - | - | €0.004m | €0.002m | €0.001m | €0.005m | €0.3m | ▲ 49× |
| Other amounts receivable41 | - | - | €0.001m | €0.01m | €0.04m | €0 | €0.3m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.01m | €0.01m | €0.3m | €0.07m | €0.01m | €0.05m | ▲ 429% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €368 | €381 | ▲ 3.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €0.3m | €0.5m | €0.7m | €0.8m | €1.1m | ▲ 49.3% |
| Equity10/15 | €0.02m | €0.01m | €0.006m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 51.9% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 18.8% |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 18.8% |
| Profit (loss) carried forward14 | -€0.004m | -€0.009m | -€0.01m | €0 | -€0.02m | -€0.04m | €0 | - |
| Amounts payable17/49 | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | €0.9m | ▲ 48.7% |
| Amounts payable after more than one year17 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 15.0% |
| Other amounts payable178/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 15.0% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.8m | ▲ 55.0% |
| Financial debts43 | - | - | - | - | €0.2m | €0.4m | €0.03m | ▼ 91.4% |
| Credit institutions430/8 | - | - | - | - | €0.2m | €0.4m | €0.03m | ▼ 91.4% |
| Trade debts44 | €0.006m | €0.01m | €0.1m | €0.002m | €0.003m | €0.005m | €0.4m | ▲ 72× |
| Suppliers440/4 | - | - | €0.1m | €0.002m | €0.003m | €0.005m | €0.4m | ▲ 72× |
| Advances received on contracts in progress46 | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.05m | €0 | - | - |
| Taxes450/3 | - | - | - | €0.07m | €0.05m | €0 | - | - |
| Other amounts payable47/48 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.4m | ▲ 297% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.001m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,291 | -€5,086 | -€4,503 | €184,370 | -€24,221 | -€19,773 | €176,048 | - |
| Operating cash flow (approximation) | -€4,291 | -€5,086 | -€4,503 | €184,370 | -€24,221 | -€19,773 | €176,048 | - |
| Change in cash | - | -€12,849 | -€121 | €244,472 | -€184,307 | -€64,267 | €41,567 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00439047 |
| 31-12-2024 | abbreviated format | 16-07-2025 | 2025-00300288 |
| 31-12-2023 | abbreviated format | 20-08-2024 | 2024-00387175 |
| 31-12-2022 | abbreviated format | 29-09-2023 | 2023-00474924 |
| 31-12-2021 | abbreviated format | 05-09-2022 | 2022-20421577 |
| 31-12-2020 | abbreviated format | 09-08-2021 | 2021-47500237 |
| 31-12-2019 | micro format | 26-08-2020 | 2020-44800138 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bruno PETILLION |
|
| Katrien FONTEYNE |
|
Owners and capital
Capital and shareholders
- 25-11-2022 Converted to unavailable equity · €20,000
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
25-11
Gazette deed
Resignations: Bruno PETILLION (manager) and Katrien FONTEYNE (manager)Appointments: Bruno PETILLION (director) and Katrien FONTEYNE (director) · Amendment of the articles · Capital conversion13 facts ▸
- General meeting, 15-11-2022
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- Share issue, 150, “rémunération des apports” (deed in French)
- Director resignation, Bruno PETILLION (manager)
- Director resignation, Katrien FONTEYNE (manager)
- Director appointment, Bruno PETILLION (director (not named in the articles))
- Director appointment, Katrien FONTEYNE (director (not named in the articles))
- Registered office clause, “7531 Tournai (Havinnes),Grand Chemin 288” (deed in French)
- Power of attorney
- Director discharge, Bruno PETILLION
- +1 further fact in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0702.954.446
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57036C0077/00K000 | Wallonia | 1,246 m² | 1 · 173 m² | 6.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Donner des conseils financiers dans les placements en valeurs mobilières,et ce au sens large du terme; D’accomplir,à la fois pour son compte…” (deed in French)
17 activities (deed in French)
- Donner des conseils financiers dans les placements en valeurs mobilières,et ce au sens large du terme.
- D’accomplir,à la fois pour son compte et pour le compte de tiers ou en participation avec des tiers,elle-même ou par l’intermédiaire de toute autre personne physique ou morale,toutes les opérations qui se rapportent directement ou indirectement à toute activité,quelle qu’elle soit,et courtage relatif à des biens immobiliers,bâtis ou non bâtis le tout à la fois dans son propre intérêt et pour son propre compte et à des fins matière de droits immobiliers,le tout à la fois dans son propre intérêt et pour son propre compte et à des fins d’aliénation en particulier:l’achat,la vente,l’échange,la démolition,la location,la mise en location d’appartements,meublés ou non,d’habitations,d’espaces de bureaux,d’équipements,de matériel,de mobilier de bureau et de biens immeubles,d’une manière générale:les expertises la gestion,la valorisation et la construction ou la rénovation de biens immeubles de toute nature ainsi que la coordination de la direction de tels travaux,la conception,l’élaboration et la réalisation de tous études,projets et plans.
- L’intervention en tant qu’agent chargé de la location et ou de la vente.
- La construction,le parachèvement,la transformation,la rénovation,la réparation,la décoration,l’aménagement,la démolition de tous bâtiments ou constructions,quels qu’ils soient,l’acceptation,l’exécution ou la mise à exécution de toutes entreprises de travaux,à la fois privées et publiques.
- L’exploitation d’une agence immobilière et d’un bureau de logement,y compris les interventions dans les contrats de prêt,le financement et toute l’administration et la gestion y afférentes.
- Le lotissement de terrains,de bois et de domaines,le boisement ou le déboisement,la mise en garantie de biens immobiliers de la société,même en garantie de prêts ou d’ouvertures de crédit consentis à des tiers.
- Commerce de matériaux de construction.
- Toutes les activités d'une entreprise de construction.
- L’administration,la gestion,l’entretien et la valorisation d’un patrimoine immobilier,la location-financement de biens immobiliers à des tiers ainsi que tous les actes de nature à favoriser le rendement des biens immobiliers tels que l’entretien,le développement,l’embellissement et la location de ces biens ainsi que le cautionnement pour le bon déroulement des engagements contractés par des tiers qui auraient la jouissance de ces biens immobiliers.
- Exécuter toutes les opérations immobilières ou les actes en rapport avec celles-ci,notamment:l’achat,la vente,le courtage,l’échange,la démolition,la mise en location,l’expertise,la gestion,la valorisation,la construction,la transformation ou la rénovation de biens immeubles de toute nature à la fois des terrains et des bâtiments publics et privés,dont aussi des appartements et logements sociaux,à la fois en région rurale ou en agglomération et ce par voie de lotissement de nouvelle construction,reconstruction ou transformation dans tous les matériaux,pour toutes les destinations et avec toutes les techniques.
- Accomplir toutes les opérations financières possibles afin de faciliter les opérations relevant de son objet social même en faveur ou pour le compte de tiers-mandants.
- Accepter tous les mandats de gestion,l’exercice de mandats et fonctions qui sont en rapport direct ou indirect avec l’objet social.
- Accomplir tous les actes commerciaux,financiers,industriels,mobiliers et immobiliers qui sont en rapport direct ou indirect avec cet objet ou qui peuvent en promouvoir ou en faciliter l’expansion.
- Poursuivre son objet partout en Belgique et à l’étranger de toutes les manières et selon les modalités qu’elle estime lui convenir le mieux.
- Prendre des intérêts dans toutes les entreprises,associations ou sociétés dont l’objet est en tout ou en partie similaire,équivalent ou connexe avec son objet ou simplement utile à sa réalisation,par voie d’apport,de fusion,de souscription ou de toute autre manière.
- Exercer des fonctions d’administrateur ou de liquidateur d’autres sociétés.
- Se porter caution pour des tiers.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LEMA CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne” (deed in French)“Simple décision, peut établir par simple décision de l’organe d’administration des sièges administratifs,agences,ateliers,dépôts et…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée, personnes physiques ou morales,actionnaires ou non” (deed in French)“Représentation,voyages,déplacements, fixe ou proportionnelle” (deed in French)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications statuts, tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Assemblée générale, administrateurs en fonction si aucun autre désigné” (deed in French)