Turnover
≈ €810,000 estimated
The accounts state no turnover.
LEMAGRO
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €525,640 (2008)
€157,764▲ 184%
lowest -€80,509 (2010)
-€34,531▼ €38,142
peak €498,761 (2024)
€464,230▼ 6.9%
€2.7m▼ 39.7%
peak 6.7 FTE (2014)
-not published
Board4 names since 2010
1 directorHeViNi
Owners
100%RAEYCO
Documentsfilings and deeds
15-07-202616 days before the deadline
2025financial year
Gross margin from €55,504 to €157,764Loss of €34,531Power of attorney: Peter DEHANDSCHUTTER 07-07Debts from €4.5m to €2.7mCash from €93,259 to €26,171
Key points
from the 2025 annual accountsDebts
€2.7m 85% of the balance sheet
Financial debts 68%Suppliers 20%Other 12%
€2.0m of the debts are secured on the company's own assets.
Securities
€2.0m
Mortgage mandates, new in 2025. 4.2 times equity · not in the 2024 accounts.
Filings
23 annual accounts since 2003
Two of the last ten came late. The 2021 accounts came latest: 14 days after the end of the period.
At the same address
10 companies
Position in the sector
14.7%
Lower solvency than 83% of companies in wholesale trade. Sector median 45.2% · 6,192 companies.
Checked score
90
Excellent
Financially stronger than 27% of small companies in wholesale trade (NACE 46)
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: 0.2% across 4,374 companies (NACE 46, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
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 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.3%▲ +0.1 percentage points vs 12-2025
02-2026: 0.5%▲ +0.2 percentage points vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 1.1%▲ +0.5 percentage points vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.5%▲ +0.3 percentage points vs 05-2026
07-2026: 2.9%▲ +1.4 percentage points vs 06-2026highest value
08-2026: 0.1%▼ -2.8 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.79, cash €26,171, halved
lowers risk
Size: total assets €3.2m
Figures for financial year 2025 (filed on 15-07-2026)
Founded in 2002
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 46, small). It does better than 17% of them on solvency, 45% on liquidity and 21% on profitability.
The bankruptcy probability was computed on 09-11-2026 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, 2,507 companies had the same profile as LEMAGRO has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LEMAGRO itself is lower: 0.1% within 12 months. It rests on far more data about LEMAGRO than the profile alone.
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 2,507 companies, not a prediction for LEMAGRO. 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 €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.79 (0.56 in 2024), below 1. Short-term debt is 27.7% and cash 0.8% of total assets. 85.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 6192 sector peers (2025).
NBB · sector comparisonPosition among 6192 sector peers
Solvency
better than 17%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
2 days early
2023
1 day early
2022
on the day
2021
14 days late
2020
5 days early
2019
1 day 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 2 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477852880
1 director appointed, 2 resignations
Resignations: Raeyco and Collier Maria-Helena · Appointment: Hevini (sole director) · Permanent representative: Raeymaekers Leo · General meeting of 28-03-2024 · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Reappointment: Raeyco BVBA · Permanent representative: Leo Raeymaeckers · Resignation: Leo Raeymaeckers · General meeting of 03-12-2019 · Gazette deed
2 directors reappointed
Leo Raeymaeckers and Raeyco BVBA (managing director) · Permanent representative: Leo Raeymaeckers · General meeting of 24-11-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEMAGRO Rumst | €3.2m | €157,764 | 14.7% | - |
| CLICS Wuustwezel | €3.1m | €110,670 | 70.9% | 1.8 |
| De Ridder T.D.R. Antwerp | €1.8m | €291,159 | -3.6% | 2 |
| WIDEPACK Sint-Katelijne-Waver | €2.0m | €229,428 | 75.3% | - |
| POOL SYSTEMS Zoersel | €1.4m | €219,207 | 90.3% | 1 |
| DONOVIC Bruges | €2.0m | €291,359 | 27.1% | 1.8 |
| FOR EVER Nazareth | €3.2m | €209,034 | 40.9% | 1 |
These companies have the same main activity as LEMAGRO: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €1.4m and €3.2m, founded between 1997 and 2006.
Official details
Source: KBO- Status
- Active since 27-06-2002Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Non-specialised wholesale tradeNACE 46900
- Establishment unit
- 2.114.568.0292840 Rumst, since 22-10-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2025
- €3.2m
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on LEMAGRO
LEMAGRO has existed since 2002. The gross margin fell from €525,640 in 2008 to €24,659 in 2010.
RAEYCO holds all the shares.
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 LEMAGRO
- What is the company number of LEMAGRO?
- The company number of LEMAGRO is 0477.852.880. The VAT number is the same number with BE in front: BE 0477.852.880.
- Where is LEMAGRO based?
- The registered office is at Doelhaagstraat 77, 2840 Rumst.Company details
- What does LEMAGRO do?
- According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
- What is the legal form of LEMAGRO?
- LEMAGRO is a public limited company (NV).
- When was LEMAGRO founded?
- LEMAGRO was founded on 27-06-2002.
- Is LEMAGRO still active?
- Yes, LEMAGRO is an active enterprise in the KBO register.
- What is the turnover of LEMAGRO?
- The turnover in financial year 2025 is ≈ €810,000. This figure is estimated from the gross margin of €157,764 and 102 comparable companies (NACE 46). It probably lies between €380,000 and €1.4m.Financials
- Is LEMAGRO profitable?
- In financial year 2025, LEMAGRO made a loss of €34,531.
- Where can I find the annual accounts of LEMAGRO?
- LEMAGRO filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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