LEMARC
ActiveSummary
LEMARC has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €-73k. Equity is shrinking by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+20
Solvency32▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.82 in 2024; short-term debt: 54.5% and cash: 8.4% of total assets), and 93% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 €-73k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4178 sector peers (2025).
NBB · sector comparisonPosition among 4178 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
61 d late
2022
28 d late
2021
60 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-73k▲ 36.0%
2024 · €-114k
2018: €135k
2019: €116k▼ -14.0% vs 2018
2020: €165k▲ +42.1% vs 2019highest in 8 years
2021: €100k▼ -39.5% vs 2020
2022: €-97k▼ -198% vs 2021
2023: €-38k▲ +61.2% vs 2022
2024: €-114k▼ -202% vs 2023lowest in 8 years
2025: €-73k▲ +36.0% vs 2024
2018 → 2025
Working capital
€-282k▼ 24.3%
2024 · €-227k
2018: €206k
2019: €120k▼ -41.5% vs 2018
2020: €282k▲ +134% vs 2019
2021: €391k▲ +38.5% vs 2020highest in 8 years
2022: €28k▼ -92.8% vs 2021
2023: €-16k▼ -157% vs 2022
2024: €-227k▼ -1310% vs 2023
2025: €-282k▼ -24.3% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€496k-€398k▼ 19.6%€325k▼ 18.5%€211k▼ 35.0%€138k▼ 34.5%
2021: €496khighest in 5 years
2022: €398k▼ -19.6% vs 2021
2023: €325k▼ -18.5% vs 2022
2024: €211k▼ -35.0% vs 2023
2025: €138k▼ -34.5% vs 2024lowest in 5 years
Operating result€135k-€-73k€-11k▲ 85.5%€-88k▼ 730%€-55k▲ 37.2%
2021: €135khighest in 5 years
2022: €-73k▼ -154% vs 2021
2023: €-11k▲ +85.5% vs 2022
2024: €-88k▼ -730% vs 2023lowest in 5 years
2025: €-55k▲ +37.2% vs 2024
Net result€100k-€-97k€-38k▲ 61.2%€-114k▼ 202%€-73k▲ 36.0%
2021: €100khighest in 5 years
2022: €-97k▼ -198% vs 2021
2023: €-38k▲ +61.2% vs 2022
2024: €-114k▼ -202% vs 2023lowest in 5 years
2025: €-73k▲ +36.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €55k in 2025 against €88k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.98M
Fixed assets
€1.18M ▼ 11.2%
Current assets
€798k ▼ 21.3%
Equity and liabilities €1.98M
Equity
€138k ▼ 34.5%
Debt
€1.84M ▼ 13.7%
Debt's share of the balance-sheet total rises from 91.0% to 93.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€95k▲
2024 · €60k
Cash flow
€77k▲
2024 · €34k
Current ratio
0.74▼
2024 · 0.82
Quick ratio
0.35▼
2024 · 0.44
Debt to equity
13.32▲
2024 · 10.11
ROE
-52.6%▲
2024 · -53.9%
ROA
-3.7%▲
2024 · -4.8%
Interest coverage
4.36▲
2024 · 2.24
Debt ≤ 1 year
€1.08M▼
2024 · €1.24M
Debt > 1 year
€762k▼
2024 · €893k
Income taxes
€214▼
2024 · €407
Staff costs
€969k▼
2024 · €998k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.35M€1.98M▼
Fixed assets21/28€1.33M€1.18M▼
Tangible fixed assets22/27€1.33M€1.18M▼
Land and buildings22€1.09M€981k▼
Plant, machinery and equipment23€230k€194k▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€5k€5k=
Current assets29/58€1.01M€798k▼
Stocks and contracts in progress3€466k€419k▼
Stocks30/36€466k€419k▼
Amounts receivable within one year40/41€223k€200k▼
Trade receivables40€190k€173k▼
Other amounts receivable41€33k€27k▼
Cash at bank and in hand54/58€325k€166k▼
Deferred charges and accrued income490/1-€12k
Equity and liabilities
Total equity and liabilities10/49€2.35M€1.98M▼
Equity10/15€211k€138k▼
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€162k€162k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€155k€155k=
Profit (loss) carried forward14€-15k€-88k▼
Amounts payable17/49€2.13M€1.84M▼
Amounts payable after more than one year17€893k€762k▼
Financial debts170/4€893k€762k▼
Amounts payable within one year42/48€1.24M€1.08M▼
Current portion of amounts payable after more than one year42€150k€149k▼
Trade debts44€931k€784k▼
Suppliers440/4€931k€784k▼
Taxes, remuneration and social security45€157k€144k▼
Taxes450/3€4k€9k▲
Remuneration and social security454/9€153k€135k▼
Other amounts payable47/48€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€998k€969k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148k€150k▲
Other operating charges640/8€10k€8k▼
Gross operating margin9900€1.07M€1.07M▲
Operating profit (loss)9901€-88k€-55k▲
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€27k€22k▼
Recurring financial charges65€27k€22k▼
Profit (loss) for the period before taxes9903€-113k€-73k▲
Income taxes67/77€407€214▼
Profit (loss) for the period9904€-114k€-73k▲
Profit (loss) for the period to be appropriated9905€-114k€-73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-88k▼
Profit (loss) brought forward from the previous period14P€98k€-15k▼
Social balance
Average headcount (FTE)908722.224.4▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €662k | €748k | €899k | €998k | €969k | ▼ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €114k | €153k | €148k | €150k | ▲ 1.1% |
| Other operating charges640/8 | €7k | €10k | €11k | €10k | €8k | ▼ 20.8% |
| Gross operating margin9900 | €839k | €799k | €1.05M | €1.07M | €1.07M | ▲ 0.3% |
| Operating profit (loss)9901 | €135k | €-73k | €-11k | €-88k | €-55k | ▲ 37.2% |
| Financial income75/76B | €110 | €1k | €65 | €1k | €4k | ▲ 201% |
| Recurring financial income75 | €110 | €1k | €65 | €1k | €4k | ▲ 201% |
| Financial charges65/66B | €6k | €25k | €27k | €27k | €22k | ▼ 19.6% |
| Recurring financial charges65 | €6k | €25k | €27k | €27k | €22k | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €129k | €-97k | €-37k | €-113k | €-73k | ▲ 36.0% |
| Income taxes67/77 | €29k | €366 | €246 | €407 | €214 | ▼ 47.5% |
| Profit (loss) for the period9904 | €100k | €-97k | €-38k | €-114k | €-73k | ▲ 36.0% |
| Profit (loss) for the period to be appropriated9905 | €100k | €-97k | €-38k | €-114k | €-73k | ▲ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.33M | €2.67M | €2.71M | €2.35M | €1.98M | ▼ 15.5% |
| Fixed assets21/28 | €255k | €1.58M | €1.43M | €1.33M | €1.18M | ▼ 11.2% |
| Tangible fixed assets22/27 | €250k | €1.58M | €1.43M | €1.33M | €1.18M | ▼ 11.2% |
| Land and buildings22 | €168k | €1.27M | €1.16M | €1.09M | €981k | ▼ 10.3% |
| Plant, machinery and equipment23 | €71k | €298k | €262k | €230k | €194k | ▼ 15.5% |
| Furniture and vehicles24 | €12k | €14k | €8k | €3k | €3k | ▼ 12.8% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €1.07M | €1.09M | €1.28M | €1.01M | €798k | ▼ 21.3% |
| Stocks and contracts in progress3 | €384k | €399k | €437k | €466k | €419k | ▼ 10.0% |
| Stocks30/36 | €384k | €399k | €437k | €466k | €419k | ▼ 10.0% |
| Amounts receivable within one year40/41 | €49k | €211k | €181k | €223k | €200k | ▼ 10.4% |
| Trade receivables40 | €28k | €103k | €106k | €190k | €173k | ▼ 8.8% |
| Other amounts receivable41 | €21k | €108k | €76k | €33k | €27k | ▼ 19.7% |
| Cash at bank and in hand54/58 | €637k | €479k | €657k | €325k | €166k | ▼ 48.8% |
| Deferred charges and accrued income490/1 | €352 | €362 | - | - | €12k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.33M | €2.67M | €2.71M | €2.35M | €1.98M | ▼ 15.5% |
| Equity10/15 | €496k | €398k | €325k | €211k | €138k | ▼ 34.5% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Capital10 | €65k | €65k | €65k | €65k | €65k | = |
| Issued capital100 | €65k | €65k | €65k | €65k | €65k | = |
| Reserves13 | €162k | €162k | €162k | €162k | €162k | = |
| Non-distributable reserves130/1 | €7k | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | €7k | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | €155k | €155k | €155k | €155k | €155k | = |
| Profit (loss) carried forward14 | €269k | €172k | €98k | €-15k | €-88k | ▼ 472% |
| Amounts payable17/49 | €830k | €2.28M | €2.38M | €2.13M | €1.84M | ▼ 13.7% |
| Amounts payable after more than one year17 | €150k | €1.21M | €1.09M | €893k | €762k | ▼ 14.7% |
| Financial debts170/4 | €150k | €1.21M | €1.09M | €893k | €762k | ▼ 14.7% |
| Amounts payable within one year42/48 | €679k | €1.06M | €1.29M | €1.24M | €1.08M | ▼ 13.0% |
| Current portion of amounts payable after more than one year42 | - | €64k | €84k | €150k | €149k | ▼ 0.6% |
| Trade debts44 | €595k | €871k | €1.06M | €931k | €784k | ▼ 15.9% |
| Suppliers440/4 | €595k | €871k | €1.06M | €931k | €784k | ▼ 15.9% |
| Taxes, remuneration and social security45 | €75k | €116k | €113k | €157k | €144k | ▼ 8.4% |
| Taxes450/3 | - | €5k | €4k | €4k | €9k | ▲ 113% |
| Remuneration and social security454/9 | €75k | €111k | €109k | €153k | €135k | ▼ 11.7% |
| Other amounts payable47/48 | €8k | €11k | €36k | €2k | €3k | ▲ 36.1% |
| Accrued charges and deferred income492/3 | €811 | €3k | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100k | €-97k | €-38k | €-114k | €-73k | ▲ 36.0% |
| + Depreciation and write-downs630 | €36k | €114k | €153k | €148k | €150k | ▲ 1.1% |
| Operating cash flow (approximation) | €135k | €17k | €115k | €34k | €77k | ▲ 124% |
| Investment in fixed assets (approximation) | - | €-1.44M | €0 | €-47k | €-1k | ▲ 97.5% |
| Change in cash | - | €-157k | €178k | €-332k | €-159k | ▲ 52.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-114k
Net result drops to €-114k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €165k ▲42.1%
Operating result €229k, net result €165k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Huy · 2 establishment units since 2001
Ground area
18.0 ha
Building footprint
2.5 ha
Volume, LiDAR
607,903 m³
2 parcels, Wallonia · tallest building 134.5 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Establishment
since 20012.094.233.562
PROXY DELHAIZE
since 20012.094.233.463
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61061A0020/00N002 | Wallonia | 17.9 ha | 1 · 2.4 ha | 134.4 m · 7 fl. |
| 92099A0099/00T000 | Wallonia | 1,443 m² | 1 · 256 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyHuy2.094.233.463
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Of 12,957 companies in sector 47120 we hold annual accounts for 2,190. 1,469 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
Founded29-11-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
Contact
E-mail
delhaizetihange@yahoo.fr
Phone
085/25 29 39
Phone
+3285252939Huy
Scores and ratios are computed by Checked and are not a credit decision.