LEMAX
ActiveSummary
LEMAX has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295,242 and a net result of €212,330. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency91▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 2.22 in 2024; short-term debt: 27% and cash: 49.3% of total assets), and 34.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
65.9%
Return on assets
47.4%
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 →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
66 d early
2023
1 d early
2022
33 d early
2021
5 d late
2020
6 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€226,159
EBIT margin
19.0%
Net result
€212,330▲ 10.8%
2024 · €191,620
Working capital
€141,012▲ 31.1%
2024 · €107,579
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
Operating result€158,091▲ 82.6%€193,839▲ 22.6%€213,570▲ 10.2%€245,694▲ 15.0%€281,006▲ 14.4%
Net result€116,532within the sector's middle half▲ 67.9%€141,957within the sector's middle half▲ 21.8%€167,146above the sector's middle half▲ 17.7%€191,620above the sector's middle half▲ 14.6%€212,330above the sector's middle half▲ 10.8%
EBIT margin
Equity€170,190within the sector's middle half▲ 20.0%€257,147within the sector's middle half▲ 51.1%€249,292within the sector's middle half▼ 3.1%€200,913within the sector's middle half▼ 19.4%€295,242within the sector's middle half▲ 47.0%
Total assets€399,156below the sector's middle half▲ 25.8%€400,570below the sector's middle half▲ 0.4%€408,180below the sector's middle half▲ 1.9%€336,608below the sector's middle half▼ 17.5%€447,974within the sector's middle half▲ 33.1%
Debt€228,967▲ 30.5%€143,423▼ 37.4%€158,888▲ 10.8%€135,695▼ 14.6%€152,731▲ 12.6%
Working capital€90,536▲ 56.8%€177,809▲ 96.4%€167,516▼ 5.8%€107,579▼ 35.8%€141,012▲ 31.1%
Solvency42.6%within the sector's middle half▼ 2.1pp64.2%within the sector's middle half▲ 21.6pp61.1%within the sector's middle half▼ 3.1pp59.7%within the sector's middle half▼ 1.4pp65.9%within the sector's middle half▲ 6.2pp
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €447,974
Fixed assets
€186,207 ▲ 32.1%
Current assets
€261,767 ▲ 33.8%
Equity and liabilities €447,974
Equity
€295,242 ▲ 47.0%
Debt
€152,731 ▲ 12.6%
Debt's share of the balance-sheet total falls from 40.3% to 34.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€303,550▲
2024 · €254,524
Cash flow
€234,873▲
2024 · €200,450
Current ratio
2.17▼
2024 · 2.22
Debt to equity
0.52▼
2024 · 0.68
ROE
71.9%▼
2024 · 95.4%
ROA
47.4%▼
2024 · 56.9%
Interest coverage
315.76▲
2024 · 230.34
Debt ≤ 1 year
€120,755▲
2024 · €88,069
Debt > 1 year
€31,976▼
2024 · €47,626
Income taxes
€69,550▲
2024 · €55,377
Staff costs
€8,267▼
2024 · €14,754
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €8,060 | €13,205 | €9,530 | €14,754 | €8,267 | ▼ 44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,875 | €19,922 | €17,725 | €8,830 | €22,544 | ▲ 155% |
| Other operating charges640/8 | €2,606 | €2,919 | €3,079 | €11,369 | €3,078 | ▼ 72.9% |
| Gross operating margin9900 | €192,632 | €229,885 | €243,904 | €280,647 | €314,895 | ▲ 12.2% |
| Operating profit (loss)9901 | €158,091 | €193,839 | €213,570 | €245,694 | €281,006 | ▲ 14.4% |
| Financial income75/76B | €140 | - | €1,091 | €2,408 | €1,835 | ▼ 23.8% |
| Recurring financial income75 | €140 | - | €1,091 | €2,408 | €1,835 | ▼ 23.8% |
| Financial charges65/66B | €2,104 | €2,016 | €1,621 | €1,105 | €961 | ▼ 13.0% |
| Recurring financial charges65 | €2,104 | €2,016 | €1,621 | €1,105 | €961 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €156,127 | €191,823 | €213,040 | €246,997 | €281,880 | ▲ 14.1% |
| Income taxes67/77 | €39,595 | €49,866 | €45,894 | €55,377 | €69,550 | ▲ 25.6% |
| Profit (loss) for the period9904 | €116,532 | €141,957 | €167,146 | €191,620 | €212,330 | ▲ 10.8% |
| Profit (loss) for the period to be appropriated9905 | €116,532 | €141,957 | €167,146 | €191,620 | €212,330 | ▲ 10.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399,156 | €400,570 | €408,180 | €336,608 | €447,974 | ▲ 33.1% |
| Fixed assets21/28 | €187,437 | €167,515 | €149,790 | €140,960 | €186,207 | ▲ 32.1% |
| Tangible fixed assets22/27 | €187,437 | €167,515 | €149,790 | €140,960 | €186,207 | ▲ 32.1% |
| Land and buildings22 | €132,450 | €123,620 | €114,790 | €105,960 | €97,130 | ▼ 8.3% |
| Plant, machinery and equipment23 | €1,320 | - | - | - | €53,299 | - |
| Furniture and vehicles24 | €18,667 | €8,895 | - | - | €778 | - |
| Other tangible fixed assets26 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Current assets29/58 | €211,719 | €233,055 | €258,390 | €195,648 | €261,767 | ▲ 33.8% |
| Amounts receivable within one year40/41 | €55,248 | €33,013 | €58,378 | €17,839 | €40,699 | ▲ 128% |
| Trade receivables40 | €50,045 | €31,312 | €44,111 | €16,834 | €17,115 | ▲ 1.7% |
| Other amounts receivable41 | €5,203 | €1,701 | €14,268 | €1,005 | €23,584 | ▲ 2,248% |
| Cash at bank and in hand54/58 | €156,472 | €197,679 | €200,012 | €177,809 | €221,068 | ▲ 24.3% |
| Deferred charges and accrued income490/1 | - | €2,363 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399,156 | €400,570 | €408,180 | €336,608 | €447,974 | ▲ 33.1% |
| Equity10/15 | €170,190 | €257,147 | €249,292 | €200,913 | €295,242 | ▲ 47.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €123,257 | €126,590 | €123,547 | €60,692 | €64,313 | ▲ 6.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €121,397 | €124,730 | €123,547 | €60,692 | €64,313 | ▲ 6.0% |
| Profit (loss) carried forward14 | €28,332 | €111,957 | €107,146 | €121,620 | €212,330 | ▲ 74.6% |
| Amounts payable17/49 | €228,967 | €143,423 | €158,888 | €135,695 | €152,731 | ▲ 12.6% |
| Amounts payable after more than one year17 | €107,783 | €88,057 | €68,014 | €47,626 | €31,976 | ▼ 32.9% |
| Financial debts170/4 | €107,783 | €88,057 | €68,014 | €47,626 | €31,976 | ▼ 32.9% |
| Amounts payable within one year42/48 | €121,184 | €55,246 | €90,875 | €88,069 | €120,755 | ▲ 37.1% |
| Trade debts44 | €9,613 | €9,057 | €7,947 | €9,973 | €10,268 | ▲ 3.0% |
| Suppliers440/4 | €9,613 | €9,057 | €7,947 | €9,973 | €10,268 | ▲ 3.0% |
| Advances received on contracts in progress46 | - | - | €17,977 | - | - | - |
| Taxes, remuneration and social security45 | €36,600 | €20,689 | €13,950 | €8,096 | €10,187 | ▲ 25.8% |
| Taxes450/3 | €34,200 | €18,289 | €9,000 | €4,696 | €6,787 | ▲ 44.5% |
| Remuneration and social security454/9 | €2,400 | €2,400 | €4,950 | €3,400 | €3,400 | = |
| Other amounts payable47/48 | €74,970 | €25,500 | €51,000 | €70,000 | €100,300 | ▲ 43.3% |
| Accrued charges and deferred income492/3 | - | €120 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,532 | €141,957 | €167,146 | €191,620 | €212,330 | ▲ 10.8% |
| + Depreciation and write-downs630 | €23,875 | €19,922 | €17,725 | €8,830 | €22,544 | ▲ 155% |
| Operating cash flow (approximation) | €140,408 | €161,879 | €184,870 | €200,450 | €234,873 | ▲ 17.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€67,790 | - |
| Change in cash | - | €41,208 | €2,333 | -€22,203 | €43,259 | ▲ 295% |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
31-12
Financial
Highest result since 2018net €212,330 ▲10.8%
Operating result €281,006, net result €212,330, both a record.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.22
Current ratio from 1.75 to 4.22; short-term debt falls from €121,184 to €55,246.
31-12
Financial
Equity above €200,000Eq €257,147 ▲51.1%
5 profitable years in a row build equity to €257,147.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
31-12
Financial
Equity above €150,000Eq €170,190 ▲20%
4 profitable years in a row build equity to €170,190.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
31-12
Financial
Equity above €100,000Eq €141,857 ▲47.8%
3 profitable years in a row build equity to €141,857.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
Show earlier events
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brasschaat · 1 establishment unit since 2016
Ground area
9,789 m²
Building footprint
2,143 m²
Volume, LiDAR
25,737 m³
Parcel 11324D0376/00F000, Flanders · tallest building 17.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LEMAX
since 20162.250.424.447
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0376/00F000 | Flanders | 9,788 m² | 1 · 2,143 m² | 17.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,277 companies in sector 46160 we hold annual accounts for 687. 461 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647994543
Also
9925:BE0647994543
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.