LEMCA
ActiveSummary
The annual accounts of LEMCA for fiscal year 2025 show a net loss of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €18,016 and a net result of -€70,507. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 5071 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-19
Solvency28▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.55 against 1.54 in 2024; short-term debt: 35.7% and cash: 2.2% of total assets), but 97.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight 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
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.5%
Return on assets
-9.8%
Age of the figures
9 mo
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 -€70,507
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 5071 sector peers (2025).
NBB · sector comparisonPosition among 5071 sector peers
Solvency
better than 9%
← 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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
13 d early
2023
100 d early
2022
45 d early
2021
26 d early
2020
30 d early
2019
21 d early
← 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 36 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 5 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€70,507▼ 326%
2024 · -€16,547
Working capital
€396,608▲ 36.6%
2024 · €290,426
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,764€21,475▲ 120%€18,740▼ 12.7%€14,036▼ 25.1%-€52,878
Net result€5,178below the sector's middle half€9,819within the sector's middle half▲ 89.6%€513below the sector's middle half▼ 94.8%-€16,547below the sector's middle half-€70,507below the sector's middle half▼ 326%
Equity€94,737below the sector's middle half▲ 5.8%€104,557below the sector's middle half▲ 10.4%€105,069below the sector's middle half▲ 0.5%€88,523below the sector's middle half▼ 15.7%€18,016below the sector's middle half▼ 79.6%
Total assets€608,492within the sector's middle half▼ 5.6%€643,707within the sector's middle half▲ 5.8%€640,523within the sector's middle half▼ 0.5%€907,662within the sector's middle half▲ 41.7%€719,298below the sector's middle half▼ 20.8%
Debt€513,755▼ 7.4%€539,150▲ 4.9%€535,453▼ 0.7%€819,139▲ 53.0%€701,282▼ 14.4%
Working capital€90,247within the sector's middle half▼ 19.3%€82,769within the sector's middle half▼ 8.3%€107,465within the sector's middle half▲ 29.8%€290,426within the sector's middle half▲ 170%€396,608within the sector's middle half▲ 36.6%
Solvency15.6%below the sector's middle half▲ 1.7pp16.2%below the sector's middle half▲ 0.7pp16.4%below the sector's middle half▲ 0.2pp9.8%below the sector's middle half▼ 6.7pp2.5%below the sector's middle half▼ 7.2pp
Current ratio1.19within the sector's middle half▼ 0.031.16below the sector's middle half▼ 0.031.21within the sector's middle half▲ 0.061.54within the sector's middle half▲ 0.332.55within the sector's middle half▲ 1.00
Return on assets (ROA)0.9%within the sector's middle half▲ 11.5pp1.5%within the sector's middle half▲ 0.7pp0.1%below the sector's middle half▼ 1.4pp-1.8%below the sector's middle half▼ 1.9pp-9.8%below the sector's middle half▼ 8.0pp
Staff (FTE)2.8within the sector's middle half▼ 9.7%2within the sector's middle half▼ 28.6%1.8within the sector's middle half▼ 10.0%1.8within the sector's middle half=1.7below the sector's middle half▼ 5.6%
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 turns negative in 2025: a loss of €52,878 after €14,036 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €719,298
Fixed assets
€66,000 ▼ 19.8%
Current assets
€653,298 ▼ 20.8%
Equity and liabilities €719,298
Equity
€18,016 ▼ 79.6%
Debt
€701,282 ▼ 14.4%
Debt's share of the balance-sheet total rises from 90.2% to 97.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€31,561▼
2024 · €31,631
Cash flow
-€49,190▼
2024 · €1,048
Quick ratio
0.30▼
2024 · 0.50
Debt to equity
38.93▲
2024 · 9.25
ROE
-391.4%▼
2024 · -18.7%
Interest coverage
-1.39▼
2024 · 0.97
Debt ≤ 1 year
€256,690▼
2024 · €534,942
Debt > 1 year
€444,592▲
2024 · €284,198
Income taxes
€924▼
2024 · €968
Staff costs
€63,354▼
2024 · €66,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.3%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.5% 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 497,340 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% | 1.8% |
| 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 974 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,556 | €0 | €27,000 | €7,925 | €4,525 | ▼ 42.9% |
| Remuneration, social security and pensions62 | €78,895 | €66,823 | €63,135 | €66,000 | €63,354 | ▼ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,954 | €11,118 | €10,906 | €17,595 | €21,317 | ▲ 21.2% |
| Other operating charges640/8 | €8,016 | €6,076 | €3,825 | €4,085 | €5,080 | ▲ 24.4% |
| Non-recurring operating charges66A | €0 | - | €92,810 | €0 | - | - |
| Gross operating margin9900 | €106,629 | €105,492 | €189,417 | €101,716 | €36,874 | ▼ 63.7% |
| Operating profit (loss)9901 | €9,764 | €21,475 | €18,740 | €14,036 | -€52,878 | ▼ 477% |
| Financial income75/76B | €9,994 | €5,093 | €4,348 | €2,874 | €5,998 | ▲ 109% |
| Recurring financial income75 | €5,650 | €5,093 | €4,348 | €2,874 | €5,998 | ▲ 109% |
| Non-recurring financial income76B | €4,344 | - | - | - | - | - |
| Financial charges65/66B | €13,858 | €15,236 | €21,780 | €32,489 | €22,704 | ▼ 30.1% |
| Recurring financial charges65 | €13,858 | €15,236 | €21,780 | €32,489 | €22,704 | ▼ 30.1% |
| Profit (loss) for the period before taxes9903 | €5,900 | €11,332 | €1,309 | -€15,579 | -€69,583 | ▼ 347% |
| Income taxes67/77 | €721 | €1,513 | €796 | €968 | €924 | ▼ 4.5% |
| Profit (loss) for the period9904 | €5,178 | €9,819 | €513 | -€16,547 | -€70,507 | ▼ 326% |
| Profit (loss) for the period to be appropriated9905 | €5,178 | €9,819 | €513 | -€16,547 | -€70,507 | ▼ 326% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €608,492 | €643,707 | €640,523 | €907,662 | €719,298 | ▼ 20.8% |
| Fixed assets21/28 | €34,765 | €29,455 | €24,451 | €82,294 | €66,000 | ▼ 19.8% |
| Tangible fixed assets22/27 | €34,716 | €28,855 | €23,851 | €81,694 | €65,400 | ▼ 19.9% |
| Plant, machinery and equipment23 | €966 | €654 | €342 | €30 | €0 | ▼ 100% |
| Furniture and vehicles24 | €27,526 | €22,079 | €12,727 | €39,955 | €32,816 | ▼ 17.9% |
| Leasing and similar rights25 | - | - | - | €28,769 | €21,726 | ▼ 24.5% |
| Other tangible fixed assets26 | €6,224 | €6,122 | €10,782 | €12,940 | €10,858 | ▼ 16.1% |
| Financial fixed assets28 | €50 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €573,727 | €614,252 | €616,072 | €825,368 | €653,298 | ▼ 20.8% |
| Stocks and contracts in progress3 | €510,931 | €543,822 | €535,686 | €555,767 | €575,842 | ▲ 3.6% |
| Stocks30/36 | €510,931 | €543,822 | €535,686 | €555,767 | €575,842 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €31,445 | €41,812 | €34,846 | €54,508 | €53,606 | ▼ 1.7% |
| Trade receivables40 | €31,445 | €41,812 | €34,846 | €54,508 | €53,606 | ▼ 1.7% |
| Other amounts receivable41 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €31,351 | €28,618 | €45,539 | €207,803 | €16,083 | ▼ 92.3% |
| Deferred charges and accrued income490/1 | - | - | - | €7,290 | €7,767 | ▲ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €608,492 | €643,707 | €640,523 | €907,662 | €719,298 | ▼ 20.8% |
| Equity10/15 | €94,737 | €104,557 | €105,069 | €88,523 | €18,016 | ▼ 79.6% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Issued capital100 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Non-distributable reserves130/1 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Legal reserve130 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Profit (loss) carried forward14 | -€42,763 | -€32,943 | -€32,431 | -€48,977 | -€119,484 | ▼ 144% |
| Amounts payable17/49 | €513,755 | €539,150 | €535,453 | €819,139 | €701,282 | ▼ 14.4% |
| Amounts payable after more than one year17 | €30,275 | €7,667 | €26,847 | €284,198 | €444,592 | ▲ 56.4% |
| Financial debts170/4 | €30,275 | €7,667 | €26,847 | €94,198 | €54,592 | ▼ 42.0% |
| Other amounts payable178/9 | - | - | - | €190,000 | €390,000 | ▲ 105% |
| Amounts payable within one year42/48 | €483,479 | €531,483 | €508,606 | €534,942 | €256,690 | ▼ 52.0% |
| Current portion of amounts payable after more than one year42 | €22,031 | €22,609 | €17,061 | €37,719 | €39,606 | ▲ 5.0% |
| Financial debts43 | €250,595 | €289,667 | €289,930 | €288,623 | €41,505 | ▼ 85.6% |
| Credit institutions430/8 | €250,595 | €289,667 | €289,930 | €288,623 | €41,505 | ▼ 85.6% |
| Trade debts44 | €96,404 | €108,356 | €100,160 | €134,948 | €129,699 | ▼ 3.9% |
| Suppliers440/4 | €96,404 | €108,356 | €100,160 | €134,948 | €129,699 | ▼ 3.9% |
| Advances received on contracts in progress46 | €2,082 | €577 | €668 | €823 | €2,666 | ▲ 224% |
| Taxes, remuneration and social security45 | €44,741 | €37,525 | €46,969 | €34,822 | €39,004 | ▲ 12.0% |
| Taxes450/3 | €34,092 | €35,056 | €33,877 | €28,548 | €31,134 | ▲ 9.1% |
| Remuneration and social security454/9 | €10,649 | €2,469 | €13,093 | €6,274 | €7,869 | ▲ 25.4% |
| Other amounts payable47/48 | €67,627 | €72,750 | €53,818 | €38,006 | €4,211 | ▼ 88.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,178 | €9,819 | €513 | -€16,547 | -€70,507 | ▼ 326% |
| + Depreciation and write-downs630 | €9,954 | €11,118 | €10,906 | €17,595 | €21,317 | ▲ 21.2% |
| Operating cash flow (approximation) | €15,132 | €20,937 | €11,419 | €1,048 | -€49,190 | ▼ 4,794% |
| Investment in fixed assets (approximation) | - | -€5,807 | -€5,903 | -€75,438 | -€5,023 | ▲ 93.3% |
| Change in cash | - | -€2,733 | €16,921 | €162,263 | -€191,720 | ▼ 218% |
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
08-09
State Gazette act
Resignations: Robert Leveugle (director) and Marie Anny Vanherwegen (director)5 facts ▸
State Gazette act
Resignations: Robert Leveugle (director) and Marie Anny Vanherwegen (director)
5 facts ▸
- General meeting, 18-06-2026
- Director resignation, Robert Leveugle (director)
- Director resignation, Marie Anny Vanherwegen (director)
- Board meeting, 18-06-2026
- Director resignation, Robert Leveugle (managing director)
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€70,507
Net result drops to -€70,507, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €9,819 ▲89.6%
Operating result €21,475, net result €9,819, both a record.
31-12
Financial
Equity above €100,000Eq €104,557 ▲10.4%
2 profitable years in a row build equity to €104,557.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €5,178
Net result €5,178 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Back to profitnet €6,644
Net result €6,644 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 1988
Ground area
462 m²
Building footprint
286 m²
Volume, LiDAR
2,107 m³
2 parcels, Flanders · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Bisschoppenhoflaan 486, 2100 Antwerpen
since 19882.040.238.711
Lemca NV
since 19932.040.238.810
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11342A0210/00C003indicative | Flanders | 240 m² | 1 · 103 m² | 12.1 m · 4 fl. |
| 31434C0498/00P000 | Flanders | 222 m² | 1 · 183 m² | 11.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 0 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Marie Anny Vanherwegen |
|
| Robert Leveugle |
|
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Company details
Identification
Legal formPublic limited company
Founded07-09-1988
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
47540Retail sale of electrical household appliances
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435259982
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.