LEMAN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 07-09-2026 at the NBB all 25 filings
Turnover
€3.6m▲ 237%
2024 · €1.1m
EBIT margin
26.8%▼ 68.6pp
2024 · 95.4%
Net result
€266,705▼ 23.5%
2024 · €348,465
Working capital
€29.4m▲ 52.9%
2024 · €19.2m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 5% lower than in 2024.
Turnover€3.6m
2025
Operating result€1.0m
2025
Net result€0.3m
2025
Total assets€125.9m
2025
Equity€111.1m
2025
Debt€14.8m
2025
Working capital€29.4m
2025
EBIT margin26.8%
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.9m-€0.5m▼ 42.9%€0.7m▲ 38.1%€1.1m▲ 54.6%€1.6m▲ 51.9%€1.2m▼ 29.6%€1.1m▼ 6.6%€3.6m▲ 237%
Operating result€0.3m-€0.08m▼ 77.8%€0.2m▲ 115%€0.6m▲ 268%€1.3m▲ 107%€0.7m▼ 49.0%€1.0m▲ 57.5%€1.0m▼ 5.3%
Net result€0.3m-€0.2m▼ 47.3%€0.08m▼ 56.7%€0.5m▲ 516%€0.8m▲ 65.3%€0.3m▼ 57.9%€0.3m▲ 2.6%€0.3m▼ 23.5%
EBIT margin39.6%-15.4%▼ 24.2pp24.0%▲ 8.6pp57.1%▲ 33.1pp78.0%▲ 20.9pp56.5%▼ 21.5pp95.4%▲ 38.8pp26.8%▼ 68.6pp
Equity€95.7m-€95.8m▲ 0.2%€95.9m▲ 0.1%€96.4m▲ 0.5%€101.2m▲ 5.0%€101.6m▲ 0.3%€101.9m▲ 0.3%€111.1m▲ 9.1%
Total assets€101.0m-€102.3m▲ 1.3%€103.2m▲ 0.9%€107.2m▲ 3.8%€113.1m▲ 5.5%€122.0m▲ 7.9%€127.0m▲ 4.1%€125.9m▼ 0.9%
Debt€5.3m-€6.4m▲ 20.5%€7.3m▲ 13.1%€10.8m▲ 47.9%€11.9m▲ 10.3%€20.5m▲ 72.9%€25.1m▲ 22.6%€14.8m▼ 41.2%
Working capital€1.6m-€0.4m▼ 78.1%-€0.9m-€3.9m▼ 333%€17.7m€17.7m▲ 0.5%€19.2m▲ 8.2%€29.4m▲ 52.9%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125.9m
Fixed assets
€92.9m ▼ 1.6%
Current assets
€33.0m ▲ 1.1%
Equity and liabilities €125.9m
Equity
€111.1m ▲ 9.1%
Debt
€14.8m ▼ 41.2%
Debt's share of the balance-sheet total falls from 19.8% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.0m▼
2024 · €1.1m
Cash flow
€304,642▼
2024 · €442,658
Current ratio
9.13▲
2024 · 2.43
Debt to equity
0.13▼
2024 · 0.25
ROE
0.2%▼
2024 · 0.3%
ROA
0.2%▼
2024 · 0.3%
Interest coverage
1.45▲
2024 · 1.33
Debt ≤ 1 year
€3.6m▼
2024 · €13.4m
Debt > 1 year
€11.1m▼
2024 · €11.7m
Income taxes
€113,689
Customer credit
2506 days▼
2024 · 7866 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.9m | €0.5m | €0.7m | €1.1m | €1.6m | €1.2m | €1.1m | €3.6m | ▲ 237% |
| Non-recurring operating income76A | - | - | - | - | - | - | €8.7m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.3m | €0.2m | €0.4m | €0.3m | €0.3m | ▼ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.06m | €0.07m | €0.09m | €0.09m | €0.09m | €0.09m | €0.04m | ▼ 59.7% |
| Other operating charges640/8 | - | - | - | €0.1m | €0.03m | €0.03m | €0.04m | €0.02m | ▼ 40.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €8.3m | €2.3m | ▼ 71.9% |
| Gross operating margin9900 | €0.5m | €0.2m | €0.3m | €0.8m | €1.4m | €0.8m | €9.4m | €3.4m | ▼ 64.4% |
| Operating profit (loss)9901 | €0.3m | €0.08m | €0.2m | €0.6m | €1.3m | €0.7m | €1.0m | €1.0m | ▼ 5.3% |
| Financial income75/76B | - | - | - | €0.002m | - | €0.1m | €0.2m | €0.1m | ▼ 38.6% |
| Recurring financial income75 | €0.09m | €0.3m | €0.002m | €0.002m | - | €0.1m | €0.2m | €0.1m | ▼ 38.6% |
| Financial charges65/66B | - | - | - | €0.06m | €0.2m | €0.3m | €0.8m | €0.7m | ▼ 17.8% |
| Recurring financial charges65 | €0.08m | €0.06m | €0.06m | €0.06m | €0.2m | €0.3m | €0.8m | €0.7m | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.3m | €0.1m | €0.6m | €1.1m | €0.5m | €0.3m | €0.4m | ▲ 9.2% |
| Income taxes67/77 | €0.01m | €0.08m | €0.03m | €0.07m | €0.3m | €0.1m | - | €0.1m | - |
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.08m | €0.5m | €0.8m | €0.3m | €0.3m | €0.3m | ▼ 23.5% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.2m | €0.08m | €0.5m | €0.8m | €0.3m | €0.3m | €0.3m | ▼ 23.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €101.0m | €102.3m | €103.2m | €107.2m | €113.1m | €122.0m | €127.0m | €125.9m | ▼ 0.9% |
| Fixed assets21/28 | €94.8m | €96.3m | €97.5m | €100.8m | €88.9m | €89.0m | €94.4m | €92.9m | ▼ 1.6% |
| Tangible fixed assets22/27 | €3.3m | €3.2m | €4.2m | €4.0m | €4.0m | €4.1m | €4.0m | €2.6m | ▼ 35.8% |
| Land and buildings22 | - | - | - | €3.5m | €3.4m | €3.3m | €3.2m | €1.3m | ▼ 59.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.02m | €0.02m | €0.01m | ▼ 11.1% |
| Furniture and vehicles24 | - | - | - | - | €0.01m | €0.01m | €0.008m | €0.005m | ▼ 35.8% |
| Other tangible fixed assets26 | - | - | - | €0.5m | €0.5m | €0.7m | €0.7m | €1.2m | ▲ 66.4% |
| Financial fixed assets28 | €91.6m | €93.1m | €93.3m | €96.7m | €84.9m | €85.0m | €90.4m | €90.4m | = |
| Current assets29/58 | €6.2m | €6.0m | €5.7m | €6.4m | €24.2m | €33.0m | €32.6m | €33.0m | ▲ 1.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €11.8m | €10.5m | €9.2m | €8.0m | ▼ 13.5% |
| Other amounts receivable291 | - | - | - | - | €11.8m | €10.5m | €9.2m | €8.0m | ▼ 13.5% |
| Amounts receivable within one year40/41 | €6.1m | €5.9m | €5.6m | €6.4m | €12.4m | €22.5m | €23.2m | €24.9m | ▲ 7.5% |
| Other amounts receivable41 | - | - | - | €6.4m | €12.4m | €22.5m | €23.2m | €24.9m | ▲ 7.5% |
| Cash at bank and in hand54/58 | €0.05m | €0.1m | €0.08m | €0.02m | €0.04m | €0.04m | €0.1m | €0.07m | ▼ 29.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €115 | €0.001m | €0.1m | €0.006m | ▼ 94.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €101.0m | €102.3m | €103.2m | €107.2m | €113.1m | €122.0m | €127.0m | €125.9m | ▼ 0.9% |
| Equity10/15 | €95.7m | €95.8m | €95.9m | €96.4m | €101.2m | €101.6m | €101.9m | €111.1m | ▲ 9.1% |
| Contributions10/11 | €90.0m | €90.0m | - | €90.0m | €100.0m | €100.0m | €100.0m | €110.0m | ▲ 10.0% |
| Reserves13 | €5.4m | €5.5m | €5.5m | €5.5m | - | - | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €5.5m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5.5m | - | - | - | - | - |
| Profit (loss) carried forward14 | €0.3m | €0.4m | €0.5m | €1.0m | €1.2m | €1.6m | €1.9m | €1.1m | ▼ 40.5% |
| Amounts payable17/49 | €5.3m | €6.4m | €7.3m | €10.8m | €11.9m | €20.5m | €25.1m | €14.8m | ▼ 41.2% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.7m | €0.5m | €5.3m | €5.2m | €11.7m | €11.1m | ▼ 4.5% |
| Financial debts170/4 | - | - | - | €0.5m | €5.3m | €5.2m | €11.7m | €11.1m | ▼ 4.5% |
| Amounts payable within one year42/48 | €4.6m | €5.7m | €6.6m | €10.2m | €6.5m | €15.3m | €13.4m | €3.6m | ▼ 73.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4.2m | €0.2m | €8.1m | €0.5m | €0.5m | = |
| Financial debts43 | - | - | - | €105 | €105 | €105 | €105 | €105 | = |
| Other loans439 | - | - | - | €105 | €105 | €105 | €105 | €105 | = |
| Trade debts44 | €0.003m | - | €0.01m | - | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.4m | €0.1m | €0.1m | €0.1m | ▼ 11.8% |
| Taxes450/3 | - | - | - | €0.2m | €0.4m | €0.1m | €0.1m | €0.1m | ▼ 11.8% |
| Other amounts payable47/48 | - | - | - | €5.9m | €5.9m | €7.0m | €12.8m | €3.0m | ▼ 76.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.04m | €0.06m | €0.06m | €0.05m | ▼ 11.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.08m | €0.5m | €0.8m | €0.3m | €0.3m | €0.3m | ▼ 23.5% |
| + Depreciation and write-downs630 | €0.06m | €0.06m | €0.07m | €0.09m | €0.09m | €0.09m | €0.09m | €0.04m | ▼ 59.7% |
| Operating cash flow (approximation) | €0.4m | €0.2m | €0.1m | €0.6m | €0.9m | €0.4m | €0.4m | €0.3m | ▼ 31.2% |
| Investment in fixed assets (approximation) | - | -€1.5m | -€1.3m | -€3.4m | €11.8m | -€0.2m | -€5.5m | €1.4m | - |
| Change in cash | - | €0.08m | -€0.06m | -€0.06m | €0.03m | -€0.004m | €0.07m | -€0.03m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-09-2026 | 2026-00504698 | NBB |
| 31-12-2024 | micro format | 18-08-2025 | 2025-00380164 | |
| 31-12-2023 | full format | 22-08-2024 | 2024-00358157 | |
| 31-12-2022 | full format | 13-06-2023 | 2023-00121671 | |
| 31-12-2021 | full format | 14-06-2022 | 2022-20061108 | |
| 31-12-2020 | full format | 21-06-2021 | 2021-22500189 | |
| 31-12-2019 | full format | 11-06-2020 | 2020-16100245 | |
| 31-12-2018 | full format | 11-06-2019 | 2019-17700260 | |
| 31-12-2017 | full format | 13-06-2018 | 2018-17900545 | |
| 31-12-2016 | full format | 31-05-2017 | 2017-14100256 |