LEMAHIEU GROUP
ActiveSummary
LEMAHIEU GROUP has been active since 1941 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20.6m and a net result of -€486,456. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+10
Solvency57▲+1
Growth52▲+1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,150,000 at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.12 in 2024; short-term debt: 32.5% and cash: 0.4% of total assets), but 68.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
31.8%
Return on assets
-0.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€486,456
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 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
28 d early
2023
20 d early
2022
33 d early
2021
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
On 1 May 1941, LEMAHIEU GROUP was incorporated.1 The capital was increased 2 times in 2018, most recently to EUR 2.8 million.23 LEMPAN was merged into the company in 2018.3 Of the 10 current board members, ALBATROS MANAGEMENT COMPANY has served longest, since 2017.4 Revenue went from EUR 71 million in 2018 to EUR 102 million in 2025 and headcount from 64.8 to 69.9 full-time equivalents.5
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#7 oldest company in Ghent, Wholesale and retail trade sector
Turnover
€101.6m▲ 12.9%
2024 · €90.0m
EBIT margin
0.9%▲ 1.8pp
2024 · -0.9%
Net result
-€486,456▲ 73.7%
2024 · -€1.9m
Working capital
€27.7m▲ 0.6%
2024 · €27.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€126.2m▲ 52.9%€113.4m▼ 10.2%€92.1m▼ 18.8%€90.0m▼ 2.2%€101.6m▲ 12.9%
Operating result€15.3m▲ 932%€1.6m▼ 89.8%-€4.5m-€836,068▲ 81.2%€936,299
Net result€11.9mabove the sector's middle half▲ 1,078%€987,152above the sector's middle half▼ 91.7%-€4.9mbelow the sector's middle half-€1.9mbelow the sector's middle half▲ 61.9%-€486,456below the sector's middle half▲ 73.7%
EBIT margin12.1%▲ 10.3pp1.4%▼ 10.8pp-4.8%▼ 6.2pp-0.9%▲ 3.9pp0.9%▲ 1.8pp
Equity€27.1mabove the sector's middle half▲ 54.4%€27.8mabove the sector's middle half▲ 2.6%€22.9mabove the sector's middle half▼ 17.5%€21.1mabove the sector's middle half▼ 8.1%€20.6mabove the sector's middle half▼ 2.3%
Total assets€70.6mabove the sector's middle half▲ 58.1%€64.7mabove the sector's middle half▼ 8.3%€60.9mabove the sector's middle half▼ 5.9%€67.8mabove the sector's middle half▲ 11.4%€64.7mabove the sector's middle half▼ 4.6%
Debt€42.5m▲ 58.0%€36.4m▼ 14.4%€38.0m▲ 4.2%€46.7m▲ 23.1%€44.1m▼ 5.7%
Working capital€30.1mabove the sector's middle half▲ 43.0%€29.1mabove the sector's middle half▼ 3.5%€30.4mabove the sector's middle half▲ 4.6%€27.5mabove the sector's middle half▼ 9.5%€27.7mabove the sector's middle half▲ 0.6%
Solvency38.4%within the sector's middle half▼ 0.9pp42.9%within the sector's middle half▲ 4.5pp37.7%within the sector's middle half▼ 5.3pp31.1%within the sector's middle half▼ 6.6pp31.8%within the sector's middle half▲ 0.8pp
Current ratio1.98within the sector's middle half▼ 0.312.22within the sector's middle half▲ 0.253.14above the sector's middle half▲ 0.922.12within the sector's middle half▼ 1.022.32within the sector's middle half▲ 0.19
Return on assets (ROA)16.9%above the sector's middle half▲ 14.6pp1.5%within the sector's middle half▼ 15.4pp-8.0%below the sector's middle half▼ 9.5pp-2.7%below the sector's middle half▲ 5.2pp-0.8%below the sector's middle half▲ 2.0pp
Staff (FTE)69.2above the sector's middle half▲ 5.6%73.4above the sector's middle half▲ 6.1%70.9above the sector's middle half▼ 3.4%64.5above the sector's middle half▼ 9.0%69.9above the sector's middle half▲ 8.4%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €936,299 after a loss of €836,068 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64.3m
Fixed assets
€15.6m ▼ 1.1%
Current assets
€48.7m ▼ 6.4%
Equity and liabilities €64.7m
Equity
€20.6m ▼ 2.3%
Debt
€44.1m ▼ 5.7%
Debt's share of the balance-sheet total falls from 68.9% to 68.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3.0m▲
2024 · €1.0m
Cash flow
€1.6m▲
2024 · €29,652
Quick ratio
0.77▲
2024 · 0.67
Debt to equity
2.14▼
2024 · 2.22
ROE
-2.4%▲
2024 · -8.8%
Interest coverage
1.94▲
2024 · 0.83
Debt ≤ 1 year
€21.0m▼
2024 · €24.6m
Debt > 1 year
€21.7m▲
2024 · €21.1m
Income taxes
€8,438▲
2024 · €7,929
Staff costs
€5.4m▼
2024 · €5.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 823 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.9%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 823 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €129.9m | €116.6m | €94.9m | €92.2m | €103.9m | ▲ 12.7% |
| Turnover70 | €126.2m | €113.4m | €92.1m | €90.0m | €101.6m | ▲ 12.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €111,009 | €16,588 | -€187,813 | €63,805 | -€60,050 | ▼ 194% |
| Other operating income74 | €1.2m | €2.0m | €2.6m | €2.0m | €2.2m | ▲ 8.0% |
| Non-recurring operating income76A | €2.4m | €1.1m | €361,327 | €88,382 | €129,109 | ▲ 46.1% |
| Operating charges60/66A | €114.6m | €115.0m | €99.4m | €93.1m | €103.0m | ▲ 10.6% |
| Goods for resale, raw materials and consumables60 | €95.4m | €94.7m | €80.7m | €75.9m | €85.3m | ▲ 12.4% |
| Purchases600/8 | €112.4m | €93.2m | €73.3m | €80.4m | €82.6m | ▲ 2.7% |
| Change in stocks: decrease (increase)609 | -€17.0m | €1.5m | €7.5m | -€4.5m | €2.7m | ▲ 160% |
| Services and other goods61 | €12.7m | €12.6m | €10.0m | €9.0m | €8.9m | ▼ 1.4% |
| Remuneration, social security and pensions62 | €4.7m | €5.3m | €5.5m | €5.6m | €5.4m | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.2m | €1.4m | €1.5m | €1.9m | €2.1m | ▲ 9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €93,008 | €31,372 | €1.1m | -€264,081 | -€140,144 | ▲ 46.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €268,307 | -€184,876 | €0 | - | - | - |
| Other operating charges640/8 | €296,083 | €342,883 | €381,186 | €893,073 | €498,699 | ▼ 44.2% |
| Non-recurring operating charges66A | €279 | €878,809 | €133,500 | €12,210 | €912,990 | ▲ 7,377% |
| Operating profit (loss)9901 | €15.3m | €1.6m | -€4.5m | -€836,068 | €936,299 | ▲ 212% |
| Financial income75/76B | €1.4m | €1.9m | €1.2m | €1.0m | €1.2m | ▲ 19.1% |
| Recurring financial income75 | €1.4m | €1.9m | €1.2m | €1.0m | €1.2m | ▲ 19.1% |
| Income from financial fixed assets750 | - | - | - | €75,000 | €75,000 | = |
| Income from current assets751 | €34,877 | €26,548 | €25,000 | €0 | - | - |
| Other financial income752/9 | €1.3m | €1.8m | €1.2m | €926,335 | €1.1m | ▲ 20.6% |
| Financial charges65/66B | €1.5m | €2.2m | €2.1m | €2.0m | €2.6m | ▲ 29.7% |
| Recurring financial charges65 | €1.5m | €2.2m | €2.1m | €2.0m | €2.6m | ▲ 30.3% |
| Debt charges650 | €366,283 | €526,818 | €1.1m | €1.3m | €1.5m | ▲ 22.4% |
| Other financial charges652/9 | €1.1m | €1.7m | €977,891 | €741,717 | €1.1m | ▲ 43.7% |
| Non-recurring financial charges66B | - | - | - | €8,604 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €15.2m | €1.3m | -€5.3m | -€1.8m | -€478,018 | ▲ 74.1% |
| Transfer from deferred taxes780 | €33,188 | €77,054 | €471,384 | €0 | - | - |
| Transfer to deferred taxes680 | €550,000 | €0 | - | - | - | - |
| Income taxes67/77 | €2.8m | €345,877 | €4,629 | €7,929 | €8,438 | ▲ 6.4% |
| Taxes670/3 | €2.8m | €362,102 | €4,629 | €7,929 | €8,438 | ▲ 6.4% |
| Tax adjustments and reversals of tax provisions77 | - | €16,224 | €0 | - | - | - |
| Profit (loss) for the period9904 | €11.9m | €987,152 | -€4.9m | -€1.9m | -€486,456 | ▲ 73.7% |
| Transfer from tax-exempt reserves789 | €98,690 | €230,289 | €1.4m | €0 | - | - |
| Transfer to tax-exempt reserves689 | €1.7m | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10.4m | €1.2m | -€3.4m | -€1.9m | -€486,456 | ▲ 73.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70.6m | €64.7m | €60.9m | €67.8m | €64.7m | ▼ 4.6% |
| Formation expenses20 | - | - | - | - | €376,601 | - |
| Fixed assets21/28 | €9.7m | €11.9m | €16.3m | €15.7m | €15.6m | ▼ 1.1% |
| Intangible fixed assets21 | €179,183 | €133,490 | €88,658 | €981,018 | €1.1m | ▲ 13.0% |
| Tangible fixed assets22/27 | €9.2m | €10.7m | €11.3m | €9.9m | €8.6m | ▼ 13.0% |
| Land and buildings22 | €3.6m | €5.0m | €4.5m | €4.2m | €3.7m | ▼ 12.3% |
| Plant, machinery and equipment23 | €1.3m | €1.3m | €1.3m | €2.7m | €2.2m | ▼ 16.3% |
| Furniture and vehicles24 | €403,678 | €512,699 | €603,603 | €416,357 | €189,237 | ▼ 54.5% |
| Leasing and similar rights25 | €3.8m | €3.4m | €3.1m | €2.6m | €2.5m | ▼ 3.6% |
| Assets under construction and advance payments27 | €21,196 | €482,662 | €1.8m | €24,000 | €3,795 | ▼ 84.2% |
| Financial fixed assets28 | €350,234 | €1.1m | €4.9m | €4.9m | €5.9m | ▲ 20.1% |
| Affiliated companies280/1 | €350,000 | €1.1m | €4.0m | €4.1m | €5.0m | ▲ 24.3% |
| Participating interests280 | €350,000 | €1.1m | €4.0m | €4.1m | €4.1m | = |
| Amounts receivable281 | - | - | - | - | €984,747 | - |
| Companies linked by participating interests282/3 | - | - | €850,000 | €850,000 | €850,000 | = |
| Participating interests282 | - | - | €850,000 | €850,000 | €850,000 | = |
| Other financial fixed assets284/8 | €234 | €10,234 | €10,124 | €10,124 | €10,124 | = |
| Shares284 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Amounts receivable and cash guarantees285/8 | €234 | €234 | €124 | €124 | €124 | = |
| Current assets29/58 | €60.9m | €52.8m | €44.6m | €52.1m | €48.7m | ▼ 6.4% |
| Amounts receivable after more than one year29 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Other amounts receivable291 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Stocks and contracts in progress3 | €42.1m | €39.9m | €31.2m | €35.7m | €32.5m | ▼ 9.1% |
| Stocks30/36 | €41.7m | €39.5m | €31.0m | €35.6m | €32.4m | ▼ 8.9% |
| Raw materials and consumables30/31 | €324,286 | €385,299 | €355,773 | €398,770 | €369,461 | ▼ 7.4% |
| Goods purchased for resale34 | €41.4m | €39.2m | €30.7m | €34.3m | €31.6m | ▼ 7.9% |
| Advance payments36 | - | - | - | €914,285 | €474,458 | ▼ 48.1% |
| Contracts in progress37 | €373,744 | €390,332 | €202,519 | €138,714 | €78,664 | ▼ 43.3% |
| Amounts receivable within one year40/41 | €17.2m | €12.2m | €12.1m | €14.9m | €15.7m | ▲ 5.0% |
| Trade receivables40 | €14.6m | €11.5m | €11.1m | €14.8m | €15.6m | ▲ 5.4% |
| Other amounts receivable41 | €2.7m | €737,777 | €1.0m | €60,559 | €9,596 | ▼ 84.2% |
| Cash at bank and in hand54/58 | €1.1m | €406,118 | €900,429 | €1.1m | €250,529 | ▼ 77.0% |
| Deferred charges and accrued income490/1 | €239,830 | €94,107 | €118,266 | €139,496 | €130,083 | ▼ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70.6m | €64.7m | €60.9m | €67.8m | €64.7m | ▼ 4.6% |
| Equity10/15 | €27.1m | €27.8m | €22.9m | €21.1m | €20.6m | ▼ 2.3% |
| Contributions10/11 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Capital10 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Issued capital100 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Reserves13 | €24.3m | €25.0m | €20.2m | €18.3m | €17.8m | ▼ 2.7% |
| Non-distributable reserves130/1 | €277,500 | €277,500 | €277,500 | €277,500 | €277,500 | = |
| Legal reserve130 | €277,500 | €277,500 | €277,500 | €277,500 | €277,500 | = |
| Tax-exempt reserves132 | €2.6m | €2.4m | €986,247 | €986,247 | €986,247 | = |
| Distributable reserves133 | €21.4m | €22.3m | €18.9m | €17.0m | €16.6m | ▼ 2.9% |
| Provisions and deferred taxes16 | €936,745 | €495,953 | €0 | €0 | - | - |
| Provisions for liabilities and charges160/5 | €388,307 | €24,569 | €0 | - | - | - |
| Other liabilities and charges164/5 | €388,307 | €24,569 | €0 | - | - | - |
| Deferred taxes168 | €548,438 | €471,384 | €0 | €0 | - | - |
| Amounts payable17/49 | €42.5m | €36.4m | €38.0m | €46.7m | €44.1m | ▼ 5.7% |
| Amounts payable after more than one year17 | €10.8m | €11.5m | €22.8m | €21.1m | €21.7m | ▲ 2.6% |
| Financial debts170/4 | €10.8m | €11.5m | €22.8m | €21.1m | €21.7m | ▲ 2.6% |
| Leasing and similar obligations172 | €2.8m | €2.2m | €1.9m | €1.2m | €1.5m | ▲ 22.7% |
| Credit institutions173 | €8.0m | €9.3m | €20.0m | €19.2m | €19.7m | ▲ 2.7% |
| Other loans174 | €0 | - | €1.0m | €750,000 | €500,000 | ▼ 33.3% |
| Amounts payable within one year42/48 | €30.8m | €23.7m | €14.2m | €24.6m | €21.0m | ▼ 14.3% |
| Current portion of amounts payable after more than one year42 | €1.0m | €1.3m | €1.5m | €1.4m | €1.4m | ▼ 0.6% |
| Financial debts43 | €22.7m | €18.8m | €9.8m | €18.6m | €13.7m | ▼ 26.5% |
| Credit institutions430/8 | €22.7m | €18.8m | €9.8m | €18.6m | €13.7m | ▼ 26.5% |
| Trade debts44 | €3.6m | €2.2m | €1.3m | €2.7m | €2.7m | ▼ 0.5% |
| Suppliers440/4 | €3.6m | €2.2m | €1.3m | €2.7m | €2.7m | ▼ 0.5% |
| Taxes, remuneration and social security45 | €1.0m | €1.2m | €1.4m | €1.3m | €1.7m | ▲ 30.2% |
| Taxes450/3 | €409,441 | €505,576 | €558,692 | €474,506 | €799,312 | ▲ 68.5% |
| Remuneration and social security454/9 | €639,174 | €677,922 | €792,367 | €829,246 | €898,576 | ▲ 8.4% |
| Other amounts payable47/48 | €2.4m | €294,942 | €255,068 | €501,000 | €1.6m | ▲ 210% |
| Accrued charges and deferred income492/3 | €950,754 | €1.2m | €943,326 | €1.0m | €1.4m | ▲ 30.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11.9m | €987,152 | -€4.9m | -€1.9m | -€486,456 | ▲ 73.7% |
| + Depreciation and write-downs630 | €1.2m | €1.4m | €1.5m | €1.9m | €2.1m | ▲ 9.4% |
| Operating cash flow (approximation) | €13.1m | €2.3m | -€3.4m | €29,652 | €1.6m | ▲ 5,203% |
| Investment in fixed assets (approximation) | - | -€3.6m | -€5.9m | -€1.3m | -€1.9m | ▼ 41.2% |
| Change in cash | - | -€720,008 | €494,311 | €190,457 | -€840,358 | ▼ 541% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-12
State Gazette act
Resignation: FINSPIRATION BV (director)4 facts ▸
State Gazette act
Resignation: FINSPIRATION BV (director)
4 facts ▸
- General meeting, 02-12-2025
- Director resignation, FINSPIRATION BV (director)
- Board meeting, 02-12-2025
- Director resignation, FINSPIRATION BV (managing director)
17-10
State Gazette act
Appointment: CADUS (director)Mandate compensation · Power of attorney4 facts ▸
State Gazette act
Appointment: CADUS (director)
Mandate compensation · Power of attorney4 facts ▸
- General meeting, 04-06-2025
- Director appointment, CADUS (director)
- Mandate compensation, CADUS
- Power of attorney, Forvis Mazars ALTOS BV
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
12-09
State Gazette act
Resignation: ALBATROS MANAGEMENT COMPANY BV (director)Appointment: Strike Management Company (director) · Permanent representative: Bertrand Donck · Mandate compensation5 facts ▸
State Gazette act
Resignation: ALBATROS MANAGEMENT COMPANY BV (director)
Appointment: Strike Management Company (director) · Permanent representative: Bertrand Donck · Mandate compensation5 facts ▸
- General meeting, 21-08-2024
- Director resignation, ALBATROS MANAGEMENT COMPANY BV (director)
- Director appointment, Strike Management Company (director)
- Permanent representative, Bertrand Donck
- Mandate compensation, Strike Management Company
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
11-01
State Gazette act
Resignations: TPJE, FINSPIRATION and 2 othersReappointments: TPJE, FINSPIRATION and 2 others · Permanent representatives: LEMAHIEU Michel, DEKEYSER Tom and 2 others · Appointments: TPJE (managing director) and FINSPIRATION (managing director)31 facts ▸
State Gazette act
Resignations: TPJE, FINSPIRATION and 2 others
Reappointments: TPJE, FINSPIRATION and 2 others · Permanent representatives: LEMAHIEU Michel, DEKEYSER Tom and 2 others · Appointments: TPJE (managing director) and FINSPIRATION (managing director)31 facts ▸
- General meeting, 13-12-2023
- Statutes amendment
- Director resignation, TPJE (director)
- Director resignation, FINSPIRATION (director)
- Director resignation, PH-PROMOTION (director)
- Director resignation, ALBATROS MANAGEMENT COMPANY (director)
- Director reappointment, TPJE (non-statutory director)
- Director reappointment, FINSPIRATION (non-statutory director)
- Director reappointment, PH-PROMOTION (non-statutory director)
- Director reappointment, ALBATROS MANAGEMENT COMPANY (non-statutory director)
- Permanent representative, LEMAHIEU Michel
- Permanent representative, DEKEYSER Tom
- +19 further facts in this act
2023
31-12
Financial
Weakest financial yearnet -€4.9m
Net result drops to -€4.9m, the lowest in the series; recovery starts the following year.
11-08
State Gazette act
Reappointment: Moore Audit BV (statutory auditor)Permanent representative: Wendy Van der Biest · Mandate compensation4 facts ▸
State Gazette act
Reappointment: Moore Audit BV (statutory auditor)
Permanent representative: Wendy Van der Biest · Mandate compensation4 facts ▸
- General meeting, 30-05-2023
- Auditor reappointment, Moore Audit BV
- Permanent representative, Wendy Van der Biest
- Mandate compensation, Moore Audit BV
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €11.9m ▲1,078%
Operating result €15.3m, net result €11.9m, both a record.
31-12
Financial
Equity above €25mEq €27.1m ▲54.4%
2 profitable years in a row build equity to €27.1m.
16-07
State Gazette act
Reappointments: TPJE, FINSPIRATION and 3 othersPermanent representatives: Michel LEMAHIEU, Tom DEKEYSER and 3 others · Mandate compensation22 facts ▸
State Gazette act
Reappointments: TPJE, FINSPIRATION and 3 others
Permanent representatives: Michel LEMAHIEU, Tom DEKEYSER and 3 others · Mandate compensation22 facts ▸
- General meeting, 25-05-2021
- Board meeting, 25-05-2021
- Director reappointment, TPJE (director)
- Director reappointment, FINSPIRATION (director)
- Director reappointment, PH-PROMOTION (director)
- Director reappointment, ALBATROS MANAGEMENT COMPANY (director)
- Mandate compensation, TPJE
- Mandate compensation, FINSPIRATION
- Mandate compensation, PH-PROMOTION
- Mandate compensation, ALBATROS MANAGEMENT COMPANY
- Permanent representative, Michel LEMAHIEU
- Permanent representative, Tom DEKEYSER
- +10 further facts in this act
2020
31-12
Financial
Back to profitnet €1.0m
Net result €1.0m after one loss-making year.
2019
20-06
State Gazette act
Resignation: Philippe HANET (director)Appointment: PH-Promotion (director) · Permanent representative: Philippe HANET · Reappointment: ALBATROS MANAGEMENT COMPANY (director)5 facts ▸
State Gazette act
Resignation: Philippe HANET (director)
Appointment: PH-Promotion (director) · Permanent representative: Philippe HANET · Reappointment: ALBATROS MANAGEMENT COMPANY (director)5 facts ▸
- General meeting, 28/05/2019
- Director resignation, Philippe HANET (director)
- Director appointment, PH-Promotion (director)
- Permanent representative, Philippe HANET
- Director reappointment, ALBATROS MANAGEMENT COMPANY (director)
2018
19-07
State Gazette act
RestructuringMerger · Net-asset statement · Accounting effect17 facts ▸
State Gazette act
Restructuring
Merger · Net-asset statement · Accounting effect17 facts ▸
- General meeting, 30-06-2018
- Merger, absorption, zonder opleg in geld
- Net-asset statement, 31-12-2017
- Accounting effect, 01-01-2018
- Capital increase, €150.000
- Capital, €2.775.000
- Dissolution, 30-06-2018
- Name change, LEMAHIEU GROUP
- Power of attorney, Annick Deimaire
- Power of attorney, Myriam Dietens
- Power of attorney, Bram Demeester
- Power of attorney, Ann De Wilde
- +5 further facts in this act
12-06
State Gazette act
Reappointment: MOORE STEPHENS AUDIT (statutory auditor)Permanent representatives: Wendy VAN der BIEST and Michel LEMAHIEU · Mandate compensation5 facts ▸
State Gazette act
Reappointment: MOORE STEPHENS AUDIT (statutory auditor)
Permanent representatives: Wendy VAN der BIEST and Michel LEMAHIEU · Mandate compensation5 facts ▸
- General meeting, 29-05-2018
- Auditor reappointment, MOORE STEPHENS AUDIT (statutory auditor)
- Permanent representative, Wendy VAN der BIEST
- Mandate compensation, MOORE STEPHENS AUDIT
- Permanent representative, Michel LEMAHIEU
30-05
State Gazette act
RestructuringMerger · Name change · Capital14 facts ▸
State Gazette act
Restructuring
Merger · Name change · Capital14 facts ▸
- Merger, 16-05-2018
- Name change, LEMAHIEU GROUP
- Capital, €487.500
- Capital, €2.625.000
- Capital increase, €150.000
- Share issue, 75 nieuwe aandelen uitgereikt aan de enige andere aandeelhouder van LEMPAN, 75
- Accounting effect, 01-01-2018
- Net-asset statement, 31-12-2017
- Net-asset statement, 31-12-2017
- Cross holding, artikel 703 §2, 1° W. venn., 270
- Cash consideration
- Commissioner fee, 2000, EUR
- +2 further facts in this act
22-02
State Gazette act
Appointment: FINSPIRATION (director)Permanent representatives: Tom DEKEYSER and Michel LEMAHIEU · Delegation of daily management · Representation powers8 facts ▸
State Gazette act
Appointment: FINSPIRATION (director)
Permanent representatives: Tom DEKEYSER and Michel LEMAHIEU · Delegation of daily management · Representation powers8 facts ▸
- General meeting, 29-01-2018
- Board meeting, 29-01-2018
- Director appointment, FINSPIRATION (director)
- Permanent representative, Tom DEKEYSER
- Director appointment, FINSPIRATION (managing director)
- Delegation of daily management, loopt samen met zijn mandaat als bestuurder, dagelijks bestuur
- Representation powers, artikel 16 van de statuten, externe vertegenwoordigingsbevoegdheid, ook voor daden van beschikking en met inbegrip van de externe vertegenwoordigingsbevoegdheid…
- Permanent representative, Michel LEMAHIEU
2017
15-06
State Gazette act
Appointment: ALBATROS MANAGEMENT COMPANY (bijkomende bestuurder)Permanent representative: Bertrand DONCK · Statutes amendment4 facts ▸
State Gazette act
Appointment: ALBATROS MANAGEMENT COMPANY (bijkomende bestuurder)
Permanent representative: Bertrand DONCK · Statutes amendment4 facts ▸
- General meeting, 30-05-2017
- Director appointment, ALBATROS MANAGEMENT COMPANY (bijkomende bestuurder)
- Permanent representative, Bertrand DONCK
- Statutes amendment
2016
14-06
State Gazette act
Reappointment: Philippe HANET (director)2 facts ▸
State Gazette act
Reappointment: Philippe HANET (director)
2 facts ▸
- General meeting, 31-05-2016
- Director reappointment, Philippe HANET (director)
2015
31-12
State Gazette act
Resignation: Michel LEMAHIEU (director)Appointment: TPJE (director) · Permanent representative: Michel LEMAHIEU10 facts ▸
State Gazette act
Resignation: Michel LEMAHIEU (director)
Appointment: TPJE (director) · Permanent representative: Michel LEMAHIEU10 facts ▸
- General meeting, 17-12-2015
- Director resignation, Michel LEMAHIEU (director)
- Director appointment, TPJE (director)
- Permanent representative, Michel LEMAHIEU
- Board meeting, 17-12-2015
- Director resignation, Michel LEMAHIEU (chair of the board)
- Director resignation, Michel LEMAHIEU (managing director)
- Director appointment, TPJE (chair of the board)
- Director appointment, TPJE (day-to-day manager)
- Director appointment, TPJE (managing director)
18-06
State Gazette act
Appointments: Peter Verschelden (statutory auditor) and Wendy Van der Biest (statutory auditor)Director resignation · Mandate compensation6 facts ▸
State Gazette act
Appointments: Peter Verschelden (statutory auditor) and Wendy Van der Biest (statutory auditor)
Director resignation · Mandate compensation6 facts ▸
- General meeting, 26-05-2015
- Director resignation, statutory auditor
- Auditor appointment, Peter Verschelden (statutory auditor)
- Auditor appointment, Wendy Van der Biest (statutory auditor)
- Mandate compensation, Peter Verschelden
- Mandate compensation, Wendy Van der Biest
2013
21-06
State Gazette act
Reappointment: Michel LEMAHIEU (director)Resignation: Johan VANNIEUWENHUYZE (director) · Appointments: Philippe HANET (director) and Michel LEMAHIEU (chair of the board) · Permanent representative: Michel LEMAHIEU11 facts ▸
State Gazette act
Reappointment: Michel LEMAHIEU (director)
Resignation: Johan VANNIEUWENHUYZE (director) · Appointments: Philippe HANET (director) and Michel LEMAHIEU (chair of the board) · Permanent representative: Michel LEMAHIEU11 facts ▸
- General meeting, 28-05-2013
- Director reappointment, Michel LEMAHIEU (director)
- Director resignation, Johan VANNIEUWENHUYZE (director)
- Director appointment, Philippe HANET (director)
- Mandate compensation, HOUTIMPORT LEMAHIEU
- Board meeting, 28-05-2013
- Director appointment, Michel LEMAHIEU (chair of the board)
- Director appointment, Michel LEMAHIEU (day-to-day manager)
- Director appointment, Michel LEMAHIEU (managing director)
- Permanent representative, Michel LEMAHIEU
- Permanent representative, Michel LEMAHIEU
2012
19-09
State Gazette act
Resignation: Isabelle LEMAHIEU (director)Reappointment: BDO BEDRIJFSREVISOREN (statutory auditor) · Permanent representative: Peter VANDEWALLE4 facts ▸
State Gazette act
Resignation: Isabelle LEMAHIEU (director)
Reappointment: BDO BEDRIJFSREVISOREN (statutory auditor) · Permanent representative: Peter VANDEWALLE4 facts ▸
- General meeting, 29-05-2012
- Director resignation, Isabelle LEMAHIEU (director)
- Auditor reappointment, BDO BEDRIJFSREVISOREN (statutory auditor)
- Permanent representative, Peter VANDEWALLE
25-01
State Gazette act
Capital & shares · Statutes amendmentPower of attorney4 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Power of attorney4 facts ▸
- General meeting, 21-12-2011
- Statutes amendment
- Statutes amendment
- Power of attorney, Bestuursorgaan van HOUTIMPORT LEMAHIEU
2010
11-01
State Gazette act
Resignation: Françoise Derieuw (director)Appointments: Johan Vannieuwenhuyze, Michel Lemahieu and Isabelle Lemahieu7 facts ▸
State Gazette act
Resignation: Françoise Derieuw (director)
Appointments: Johan Vannieuwenhuyze, Michel Lemahieu and Isabelle Lemahieu7 facts ▸
- General meeting, 17-12-2009
- Director resignation, Françoise Derieuw (director)
- Director appointment, Johan Vannieuwenhuyze (director)
- Board meeting, 17-12-2009
- Director appointment, Michel Lemahieu (chair of the board)
- Director appointment, Michel Lemahieu (managing director)
- Director appointment, Isabelle Lemahieu (managing director)
2008
06-06
State Gazette act
Resignation: Dirk De Keyser (statutory auditor)2 facts ▸
State Gazette act
Resignation: Dirk De Keyser (statutory auditor)
2 facts ▸
- General meeting, 27-05-2008
- Director resignation, Dirk De Keyser (statutory auditor)
2007
11-06
State Gazette act
Reappointments: Françoise Derieuw, Michel Lemahieu and Isabelle LemahieuAppointment: Françoise Derieuw (chair of the board) · Mandate compensation8 facts ▸
State Gazette act
Reappointments: Françoise Derieuw, Michel Lemahieu and Isabelle Lemahieu
Appointment: Françoise Derieuw (chair of the board) · Mandate compensation8 facts ▸
- General meeting, 29-05-2007
- Director reappointment, Françoise Derieuw (director)
- Director reappointment, Michel Lemahieu (director)
- Director reappointment, Isabelle Lemahieu (director)
- Mandate compensation, Françoise Derieuw
- Board meeting, 29-05-2007
- Director appointment, Françoise Derieuw (chair of the board)
- Director appointment, Françoise Derieuw (managing director)
2004
19-07
State Gazette act
Resignation: Antoine Lemahieu (director)Appointment: Françoise Derieuw (chair of the board) · No replacement4 facts ▸
State Gazette act
Resignation: Antoine Lemahieu (director)
Appointment: Françoise Derieuw (chair of the board) · No replacement4 facts ▸
- Board meeting, 07-07-2004
- Director resignation, Antoine Lemahieu (director)
- Director appointment, Françoise Derieuw (chair of the board)
- No replacement, bestuurder
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
22 of 22 acts read
Directors · office · real estate
Directors
10 directors, 4 in day-to-day management, no change since 2025
Board 10
TPJE
CurrentChair of the board · since 01-01-2016 · Non-statutory director · Public limited company · perm. rep.: Michel LEMAHIEU
TPJE
CurrentChair of the board · since 25-05-2021 · Director · since 25-05-2021 · Legal entity · perm. rep.: Michel LEMAHIEU
ALBATROS MANAGEMENT COMPANY
CurrentDirector · since 30-05-2017 · Legal entity · perm. rep.: Bertrand DONCK
FINSPIRATION
CurrentDirector · since 25-05-2021 · Legal entity · perm. rep.: Tom DEKEYSER
PH-PROMOTION
CurrentDirector · since 25-05-2021 · Legal entity · perm. rep.: Philippe HANET
Strike Management Company
CurrentDirector · since 21-08-2024 · Private limited company · perm. rep.: Bertrand Donck
CADUS
CurrentDirector · since 04-06-2025 · Legal entity
ALBATROS MANAGEMENT COMPANY
CurrentNon-statutory director · Private limited company (pre-2019) · perm. rep.: DONCK Bertrand
Show all 10 directors
FINSPIRATION
CurrentNon-statutory director · Private limited company · perm. rep.: Tom DEKEYSER
PH-PROMOTION
CurrentNon-statutory director · Private limited company · perm. rep.: Philippe HANET
Day-to-day management 4
TPJE
CurrentManaging director · since 01-01-2016 · Public limited company · perm. rep.: Michel LEMAHIEU
FINSPIRATION
CurrentManaging director · since 01-02-2018 · Private limited company · perm. rep.: Tom DEKEYSER
FINSPIRATION
CurrentManaging director · since 25-05-2021 · Legal entity · perm. rep.: Tom DEKEYSER
TPJE
CurrentManaging director · since 25-05-2021 · Legal entity · perm. rep.: Michel LEMAHIEU
Permanent representatives 4
Michel LEMAHIEU
CurrentPermanent representative · since 01-01-2016 · for TPJE
Philippe HANET
CurrentPermanent representative · since 25-05-2021 · for PH-PROMOTION
Bertrand Donck
CurrentPermanent representative · since 21-08-2024 · for Strike Management Company
Tom DEKEYSER
CurrentPermanent representative · for FINSPIRATION
Statutory auditor 1
Moore Audit
CurrentAuditor · since 25-05-2021 · perm. rep.: Wendy Van der Biest
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 3 establishment units since 1976
Ground area
7.9 ha
Building footprint
3.6 ha
Volume, LiDAR
284,068 m³
3 parcels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Lemahieu en Lempan
since 19762.012.443.558
Lemahieu
since 20012.142.791.960
Lemahieu
since 20222.328.277.736
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382G0267/00T000 | Flanders | 4.9 ha | 1 · 1.2 ha | 11.3 m · 3 fl. |
| 35382D0096/00T000 | Flanders | 2.8 ha | 1 · 2.4 ha | 11.9 m · 3 fl. |
| 44812P0639/00V016 | Flanders | 2,559 m² | 1 · 488 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
24 people since 2004, 11 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| TPJE |
|
| ALBATROS MANAGEMENT COMPANY |
|
| FINSPIRATION |
|
| PH-PROMOTION |
|
| FINSPIRATION |
|
| PH-PROMOTION |
|
| TPJE |
|
| ALBATROS MANAGEMENT COMPANY |
|
| Strike Management Company |
|
| CADUS |
|
| Moore Audit |
|
| FINSPIRATION BV |
|
| ALBATROS MANAGEMENT COMPANY BV |
|
| MOORE STEPHENS AUDIT |
|
| Philippe HANET |
|
| Peter VERSCHELDEN |
|
| Wendy Van der Biest |
|
| LEMahieu Michel |
|
| BDO Bedrijfsrevisoren |
|
| Johan VANNIEUWENHUYZE |
|
| Isabelle Lemahieu |
|
| Françoise Derieuw |
|
| Dirk De Keyser |
|
| Antoine Lemahieu |
|
Articles of association
Purpose
Alle commerciële, industriële en financiële verrichtingen, in het bijzonder hout, triplex, bijproducten, zagerijen, schaverijen, bosexploitatie, doe-het-zelf centra, onroerende…
Full purpose
Alle commerciële, industriële en financiële verrichtingen, in het bijzonder hout, triplex, bijproducten, zagerijen, schaverijen, bosexploitatie, doe-het-zelf centra, onroerende verrichtingen, leningen, etc.
Structure & network
Owners and holdings
3 owners · 3 holdingsChain of control
- TOLEMJE
- LEMAHIEU GROUP
Highest known parent: TOLEMJE. The sources do not say who stands above it.
Owners 3
- TOLEMJEparentSourceown accounts 202599.88%
- Sourceaccounts TPJE 20250.13%
-
0.12%
Holdings 3
-
100%
-
100%
-
50%
According to the 2025 annual accounts of LEMAHIEU GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
CARROSSERIE BEERENS
Shared corporate director
→
Kebony Holding
Shared corporate director
→
Acquisitions and mergers
1 transactionTook over:LEMPAN
Capital and shareholders
Capital over the years
- 11-01-2024 Capital stated in the act · 2,775,000 EUR · 825 shares
- 19-07-2018 Capital increase of 150,000 EUR · to 2,775,000 EUR · 75 new shares
- 30-05-2018 Capital increase of 150,000 EUR · to 2,775,000 EUR
Public money · subsidies and aid
Flemish government
2023 to 2024 · 4 entries · 69,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 0 EUR | 0 EUR |
| 2023 | 2 | 69,500 EUR | 7,500 EUR |
Recognitions · licences · registrations
Food safety, FASFC
3 sitesGent2.012.443.558
Oostende2.142.791.960
Oostende2.328.277.736
Legal Entity Identifier
549300ICOHF8OBTTL418
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Of 855 companies in sector 46832 we hold annual accounts for 590. 158 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-05-1941
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405350825
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.