Equity
€9.2m =
LEMAD paid out €50,000 in dividends. That is 99% of the 2025 profit.
LEMAD
Lifetime
17 annual accounts with figures on one time axispeak €374,733 (2021)
€294,549▲ 0.5%
peak €5.8m (2014)
€50,757▼ 62.7%
peak €9.2m (2025)
€9.2munchanged
€31,913▲ 16.7%
Board1 name since 2021
1 directorJan DESMET
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Result from €136,021 to €50,757Dividend €50,000Debts from €27,357 to €31,913Investments €593,035
Key points
from the 2025 annual accountsResult
€50,757 ▼ 62.7%
The result fell in 2025 from €136,021 to €50,757.
Investments
€593,035 5.2 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 43.0% higher than in 2024.
Payment terms
37 days to suppliers
LEMAD pays its suppliers 35 days later than in 2024. Customers pay 33 days earlier.
Filings
17 annual accounts since 2009
The last five annual accounts were filed 8 to 24 days before the end of the period.
Position in the sector
99.7%
Higher solvency than 95% of companies in head offices and management consultancy. Sector median 53.3% · 3,870 companies.
Checked score
95
Excellent
Financially stronger than 62% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,523 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 168.48, cash €51,871
lowers risk
Figures for financial year 2025 (filed on 07-07-2026)
Equity €9.2m (99.7% of total assets)
Founded in 2008
Calculation
The band follows from the bankruptcy probability. 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 70, small). It does better than 85% of them on solvency, 51% on liquidity, 72% on profitability and 39% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 544 companies had the same profile as LEMAD has now. Each dot stands for 2 companies, two years later.
93.6%
were still trading
5.9%
stopped another way
0.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEMAD itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 544 companies, not a prediction for LEMAD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Short-term debt is 0.3% and cash 0.6% of total assets. 0.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
8 days early
2023
13 days early
2022
11 days early
2021
12 days early
2020
16 days early
2019
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807791848
Registered office moved from Mouscron to Kortrijk
New registered office: Tontestraat 1, 8510 Kortrijk (Koolgem) · Previous registered office: Rue de Bellegem 19, 7711 Mouscron (Dottignies) · Resignation: Jan DESMET (manager) · General meeting of 20-12-2021 · Gazette deed
Registered office moved from Mouscron to Kortrijk
New registered office: Tontestraat 1, 8510 Kortrijk (Kooigem) · Previous registered office: Rue de Bellegem 19, 7711 Mouscron (Dottignies) · General meeting of 20-12-2021 · Gazette deed
First establishment
Tontestraat 1, Kortrijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEMAD Kortrijk | €294,549 | -21.2% | 99.7% | - |
| MV INVEST Chapelle-lez-Herlaimont | €331,000 | 36.3% | 90.8% | 0.5 |
| NEOTEX Kortrijk | €420,720 | 34.9% | 98.0% | - |
| GTE CONSTRUCT Waregem | €260,300 | -8.2% | 62.5% | 0.3 |
| B.R. HOLDING Waregem | €404,370 | 2.1% | 99.6% | - |
| FALCON & HEDGE Harelbeke | €347,989 | 24.4% | 60.5% | 0.6 |
| TOP INTERIOR GROUP Zandhoven | €312,000 | 62.0% | 73.1% | 1.5 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LEMAD: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €7.4m and €12m, founded between 2002 and 2011.
Official details
Source: KBO- Status
- Active since 17-11-2008Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.175.880.8388510 Kortrijk, since 30-01-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 18-06-2025
Annual accounts 2025
- €9.2m▲ 0.1%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on LEMAD
LEMAD has existed since 2008. Turnover grew from €120,000 in 2010 to €294,549 in 2025.
Turnover has grown every year since 2022.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LEMAD
- What is the company number of LEMAD?
- The company number of LEMAD is 0807.791.848. The VAT number is the same number with BE in front: BE 0807.791.848.
- Where is LEMAD based?
- The registered office is at Tontestraat 1, 8510 Kortrijk.Company details
- What does LEMAD do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of LEMAD?
- LEMAD is a private limited company (BV).
- When was LEMAD founded?
- LEMAD was founded on 17-11-2008.
- Is LEMAD still active?
- Yes, LEMAD is an active enterprise in the KBO register.
- What is the turnover of LEMAD?
- The turnover of LEMAD was €294,549 in financial year 2025, according to the filed annual accounts.Financials
- Is LEMAD profitable?
- In financial year 2025, LEMAD made a profit of €50,757.
- Where can I find the annual accounts of LEMAD?
- LEMAD filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LEMAD due?
- LEMAD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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