LEMAD
ActiveLEMAD has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.20M and a net result of €51k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 3184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-4
Solvency100=
Growth47▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
short-term debt: 0.3% and cash: 0.6% of total assets, and 0.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
99.7%
Return on assets
0.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
8 d early
2023
13 d early
2022
11 d early
2021
12 d early
2020
16 d early
2019
34 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€295k▲ 0.5%
2024 · €293k
2018: €274k
2019: €274k
2020: €274k
2021: €375k
2022: €275k
2023: €278k
2024: €293k
2018 → 2025
EBIT margin
-21.2%▼ 21.9pp
2024 · 0.8%
2018: 55.7%
2019: 56.3%
2020: 42.9%
2021: 46.4%
2022: 21.3%
2023: -3.3%
2024: 0.8%
2018 → 2025
Net result
€51k▼ 62.7%
2024 · €136k
2018: €104k
2019: €105k
2020: €92k
2021: €131k
2022: €24k
2023: €17k
2024: €136k
2018 → 2025
Working capital
€5.13M▼ 8.5%
2024 · €5.60M
2018: €5.96M
2019: €6.07M
2020: €5.73M
2021: €5.60M
2022: €5.65M
2023: €5.39M
2024: €5.60M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€375k-€275k▼ 26.6%€278k▲ 1.2%€293k▲ 5.3%€295k▲ 0.5%
Equity€9.03M-€9.05M▲ 0.3%€9.07M▲ 0.2%€9.20M▲ 1.5%€9.20M=
Operating result€174k-€59k▼ 66.3%€-9k€2k€-62k
Net result€131k-€24k▼ 82.0%€17k▼ 29.6%€136k▲ 715%€51k▼ 62.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €62k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.23M
Fixed assets
€4.08M▲ 13.3%
Current assets
€5.16M▼ 8.4%
Equity and liabilities €9.23M
Equity
€9.20M=
Debt
€32k▲ 16.7%
The debt ratio stays at 0.3%.
Key figures and ratios
EBITDA
€52k▼
2024 · €86k
Cash flow
€165k▼
2024 · €219k
Solvency
99.7%=
2024 · 99.7%
Debt / equity
0.00▲
2024 · 0.00
ROE
0.6%▼
2024 · 1.5%
ROA
0.5%▼
2024 · 1.5%
Interest coverage
162.10▼
2024 · 168.09
Debt
€32k▲
2024 · €27k
Debt ≤ 1 year
€31k▲
2024 · €26k
Income taxes
€16k▼
2024 · €47k
A ratio outside any meaningful range has been withheld (balance sheet total €9.23M, equity €9.20M).
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€9.23M€9.23M▲
Fixed assets21/28€3.60M€4.08M▲
Tangible fixed assets22/27€1.18M€1.66M▲
Land and buildings22€1.12M€1.60M▲
Plant, machinery and equipment23€48k€40k▼
Furniture and vehicles24€13k€19k▲
Financial fixed assets28€2.42M€2.42M=
Affiliated companies280/1€2.42M€2.42M=
Participating interests280€2.42M€2.42M=
Current assets29/58€5.63M€5.16M▼
Amounts receivable after more than one year29€1.65M€1.65M=
Other amounts receivable291€1.65M€1.65M=
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€127k€103k▼
Trade receivables40€83k€57k▼
Other amounts receivable41€43k€46k▲
Current investments50/53€3.79M€3.32M▼
Other investments51/53€3.79M€3.32M▼
Cash at bank and in hand54/58€61k€52k▼
Deferred charges and accrued income490/1€3k€27k▲
Equity and liabilities
Total equity and liabilities10/49€9.23M€9.23M▲
Equity10/15€9.20M€9.20M=
Contributions10/11€19k€19k=
Reserves13€9.18M€9.18M=
Distributable reserves133€9.18M€9.18M=
Profit (loss) carried forward14€4k€4k▲
Amounts payable17/49€27k€32k▲
Amounts payable within one year42/48€26k€31k▲
Trade debts44€1k€25k▲
Suppliers440/4€1k€25k▲
Taxes, remuneration and social security45€20k€3k▼
Taxes450/3€17k€427▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€5k€2k▼
Accrued charges and deferred income492/3€900€1k▲
Income statement
Code20242025
Operating income70/76A€298k€300k▲
Turnover70€293k€295k▲
Other operating income74€5k€6k▲
Operating charges60/66A€296k€363k▲
Services and other goods61€210k€246k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€114k▲
Other operating charges640/8€3k€3k▲
Operating profit (loss)9901€2k€-62k▼
Financial income75/76B€182k€130k▼
Recurring financial income75€182k€130k▼
Income from current assets751€182k€130k▼
Other financial income752/9€184€271▲
Financial charges65/66B€1k€938▼
Recurring financial charges65€1k€938▼
Debt charges650€509€319▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0-
Other financial charges652/9€580€619▲
Profit (loss) for the period before taxes9903€183k€67k▼
Income taxes67/77€47k€16k▼
Taxes670/3€47k€16k▼
Tax adjustments and reversals of tax provisions77€391€361▼
Profit (loss) for the period9904€136k€51k▼
Profit (loss) for the period to be appropriated9905€136k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€140k€55k▼
Profit (loss) brought forward from the previous period14P€4k€4k▲
Transfer from equity791/2-€50k
From reserves792-€50k
Transfer to equity691/2€136k€50k▼
To other reserves6921€136k€50k▼
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (41 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €136k ▲715%
Net result €136k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 212.78
Current ratio from 98.13 to 212.78; short-term debt falls from €56k to €26k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €17k ▼29.6%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
27-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 133.61
Current ratio from 59.80 to 133.61; short-term debt falls from €101k to €46k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2009
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.
Tontestraat(Koo) 18510 KortrijkGround area
1.3 ha
Building footprint
205 m²
Volume, LiDAR
1,040 m³
Parcel 34021B0433/00C000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LEMAD
since 20092.175.880.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34021B0433/00C000 | Flanders | 1.3 ha | 1 · 205 m² | 7.6 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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MIVIGUI
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FGM
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 7,267 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2008
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.