LEMCOOL
ActiveSummary
LEMCOOL has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.25M and a net result of €628k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 55% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+5
Solvency72▲+11
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.53 in 2024; short-term debt: 49.2% and cash: 12.5% of total assets), but 53.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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
46.6%
Return on assets
23.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.25M
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
30 d early
2023
43 d early
2022
32 d early
2021
33 d early
2020
2 d early
2019
on the day
← 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
€628k▲ 17.4%
2024 · €535k
2018: €80k
2019: €77k▼ -3.0% vs 2018
2020: €72k▼ -7.0% vs 2019lowest in 8 years
2021: €81k▲ +12.1% vs 2020
2022: €223k▲ +177% vs 2021
2023: €265k▲ +18.9% vs 2022
2024: €535k▲ +102% vs 2023
2025: €628k▲ +17.4% vs 2024highest in 8 years
2018 → 2025
Working capital
€1.25M▲ 38.4%
2024 · €903k
2018: €618k
2019: €690k▲ +11.6% vs 2018
2020: €489k▼ -29.1% vs 2019lowest in 8 years
2021: €545k▲ +11.5% vs 2020
2022: €558k▲ +2.4% vs 2021
2023: €515k▼ -7.7% vs 2022
2024: €903k▲ +75.4% vs 2023
2025: €1.25M▲ +38.4% vs 2024highest 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€903k-€895k▼ 0.8%€864k▼ 3.5%€977k▲ 13.0%€1.25M▲ 28.5%
2021: €903k
2022: €895k▼ -0.8% vs 2021
2023: €864k▼ -3.5% vs 2022lowest in 5 years
2024: €977k▲ +13.0% vs 2023
2025: €1.25M▲ +28.5% vs 2024highest in 5 years
Operating result€122k-€313k▲ 158%€383k▲ 22.1%€682k▲ 78.4%€849k▲ 24.5%
2021: €122klowest in 5 years
2022: €313k▲ +158% vs 2021
2023: €383k▲ +22.1% vs 2022
2024: €682k▲ +78.4% vs 2023
2025: €849k▲ +24.5% vs 2024highest in 5 years
Net result€81k-€223k▲ 177%€265k▲ 18.9%€535k▲ 102%€628k▲ 17.4%
2021: €81klowest in 5 years
2022: €223k▲ +177% vs 2021
2023: €265k▲ +18.9% vs 2022
2024: €535k▲ +102% vs 2023
2025: €628k▲ +17.4% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.69M
Fixed assets
€118k ▼ 15.3%
Current assets
€2.58M ▼ 1.0%
Equity and liabilities €2.69M
Equity
€1.25M ▲ 28.5%
Debt
€1.44M ▼ 18.4%
Debt's share of the balance-sheet total falls from 64.4% to 53.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€916k▲
2024 · €796k
Cash flow
€695k▲
2024 · €649k
Current ratio
1.94▲
2024 · 1.53
Quick ratio
1.66▲
2024 · 1.25
Debt to equity
1.15▼
2024 · 1.81
ROE
50.1%▼
2024 · 54.8%
ROA
23.3%▲
2024 · 19.5%
Interest coverage
71.35▼
2024 · 73.27
Debt ≤ 1 year
€1.33M▼
2024 · €1.70M
Income taxes
€228k▲
2024 · €199k
Staff costs
€1.58M▲
2024 · €1.47M
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 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.74M€2.69M▼
Fixed assets21/28€140k€118k▼
Intangible fixed assets21€13k€7k▼
Tangible fixed assets22/27€127k€112k▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€119k€103k▼
Current assets29/58€2.60M€2.58M▼
Stocks and contracts in progress3€486k€378k▼
Stocks30/36€486k€378k▼
Amounts receivable within one year40/41€1.85M€1.35M▼
Trade receivables40€1.69M€1.33M▼
Other amounts receivable41€155k€23k▼
Current investments50/53-€500k
Cash at bank and in hand54/58€254k€337k▲
Deferred charges and accrued income490/1€14k€11k▼
Equity and liabilities
Total equity and liabilities10/49€2.74M€2.69M▼
Equity10/15€977k€1.25M▲
Contributions10/11€213k€213k=
Capital10€213k€213k=
Issued capital100€213k€213k=
Reserves13€565k€741k▲
Non-distributable reserves130/1€57k€57k=
Legal reserve130€57k€57k=
Tax-exempt reserves132€105k€194k▲
Distributable reserves133€403k€490k▲
Profit (loss) carried forward14€199k€300k▲
Amounts payable17/49€1.76M€1.44M▼
Amounts payable within one year42/48€1.70M€1.33M▼
Trade debts44€1.30M€456k▼
Suppliers440/4€1.30M€456k▼
Advances received on contracts in progress46-€603k
Taxes, remuneration and social security45€133k€117k▼
Taxes450/3€42k€22k▼
Remuneration and social security454/9€91k€95k▲
Other amounts payable47/48€267k€150k▼
Accrued charges and deferred income492/3€66k€114k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.47M€1.58M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€67k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€-33k▼
Other operating charges640/8€37k€33k▼
Gross operating margin9900€2.31M€2.50M▲
Operating profit (loss)9901€682k€849k▲
Financial income75/76B€24k€20k▼
Recurring financial income75€24k€17k▼
Non-recurring financial income76B-€3k
Financial charges65/66B€11k€13k▲
Recurring financial charges65€11k€13k▲
Profit (loss) for the period before taxes9903€695k€856k▲
Transfer from deferred taxes780€38k-
Income taxes67/77€199k€228k▲
Profit (loss) for the period9904€535k€628k▲
Transfer from tax-exempt reserves789€5k-
Transfer to tax-exempt reserves689€105k€89k▼
Profit (loss) for the period to be appropriated9905€435k€539k▲
Appropriation of the result
Profit (loss) to be appropriated9906€435k€738k▲
Profit (loss) brought forward from the previous period14P€213€199k▲
Transfer from equity791/2-€200k
Transfer to equity691/2€36k€288k▲
To contributions691€36k-
To other reserves6921-€288k
Profit to be distributed694/7€200k€350k▲
Return on contributions (dividend)694€200k€350k▲
Social balance
Average headcount (FTE)908716.917.6▲
The notes to these accounts (10 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 | €1.08M | €1.06M | €1.14M | €1.47M | €1.58M | ▲ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €181k | €166k | €157k | €114k | €67k | ▼ 41.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4k | €33k | €24k | €6k | €-33k | ▼ 643% |
| Other operating charges640/8 | €28k | €43k | €45k | €37k | €33k | ▼ 10.4% |
| Gross operating margin9900 | €1.42M | €1.61M | €1.75M | €2.31M | €2.50M | ▲ 8.4% |
| Operating profit (loss)9901 | €122k | €313k | €383k | €682k | €849k | ▲ 24.5% |
| Financial income75/76B | €443 | €14k | €5k | €24k | €20k | ▼ 16.7% |
| Recurring financial income75 | €443 | €14k | €5k | €24k | €17k | ▼ 30.1% |
| Non-recurring financial income76B | - | - | - | - | €3k | - |
| Financial charges65/66B | €13k | €11k | €12k | €11k | €13k | ▲ 18.1% |
| Recurring financial charges65 | €13k | €11k | €12k | €11k | €13k | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €109k | €316k | €376k | €695k | €856k | ▲ 23.1% |
| Transfer from deferred taxes780 | €5k | €5k | €5k | €38k | - | - |
| Income taxes67/77 | €34k | €99k | €117k | €199k | €228k | ▲ 14.9% |
| Profit (loss) for the period9904 | €81k | €223k | €265k | €535k | €628k | ▲ 17.4% |
| Transfer from tax-exempt reserves789 | €11k | €11k | €11k | €5k | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €105k | €89k | ▼ 15.4% |
| Profit (loss) for the period to be appropriated9905 | €91k | €234k | €276k | €435k | €539k | ▲ 23.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.96M | €4.19M | €3.31M | €2.74M | €2.69M | ▼ 1.7% |
| Fixed assets21/28 | €1.11M | €971k | €888k | €140k | €118k | ▼ 15.3% |
| Intangible fixed assets21 | €44k | €40k | €20k | €13k | €7k | ▼ 45.1% |
| Tangible fixed assets22/27 | €1.06M | €931k | €868k | €127k | €112k | ▼ 12.3% |
| Land and buildings22 | €840k | €769k | €697k | - | - | - |
| Plant, machinery and equipment23 | €136k | €108k | €80k | €9k | €8k | ▼ 5.7% |
| Furniture and vehicles24 | €65k | €50k | €91k | €119k | €103k | ▼ 12.8% |
| Leasing and similar rights25 | €22k | €5k | - | - | - | - |
| Current assets29/58 | €1.85M | €3.22M | €2.42M | €2.60M | €2.58M | ▼ 1.0% |
| Stocks and contracts in progress3 | €475k | €531k | €420k | €486k | €378k | ▼ 22.3% |
| Stocks30/36 | €475k | €531k | €420k | €486k | €378k | ▼ 22.3% |
| Amounts receivable within one year40/41 | €1.19M | €1.74M | €1.53M | €1.85M | €1.35M | ▼ 26.9% |
| Trade receivables40 | €1.19M | €1.66M | €1.46M | €1.69M | €1.33M | ▼ 21.5% |
| Other amounts receivable41 | €211 | €82k | €74k | €155k | €23k | ▼ 85.0% |
| Current investments50/53 | - | - | €200k | - | €500k | - |
| Cash at bank and in hand54/58 | €161k | €938k | €250k | €254k | €337k | ▲ 32.8% |
| Deferred charges and accrued income490/1 | €26k | €13k | €18k | €14k | €11k | ▼ 24.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.96M | €4.19M | €3.31M | €2.74M | €2.69M | ▼ 1.7% |
| Equity10/15 | €903k | €895k | €864k | €977k | €1.25M | ▲ 28.5% |
| Contributions10/11 | €250k | €250k | €250k | €213k | €213k | = |
| Capital10 | €250k | €250k | €250k | €213k | €213k | = |
| Issued capital100 | €250k | €250k | €250k | €213k | €213k | = |
| Reserves13 | €651k | €645k | €614k | €565k | €741k | ▲ 31.3% |
| Non-distributable reserves130/1 | €57k | €57k | €57k | €57k | €57k | = |
| Legal reserve130 | €57k | €57k | €57k | €57k | €57k | = |
| Tax-exempt reserves132 | €95k | €85k | €74k | €105k | €194k | ▲ 84.6% |
| Distributable reserves133 | €499k | €504k | €483k | €403k | €490k | ▲ 21.7% |
| Profit (loss) carried forward14 | €2k | €532 | €213 | €199k | €300k | ▲ 51.0% |
| Provisions and deferred taxes16 | €49k | €44k | €38k | - | - | - |
| Deferred taxes168 | €49k | €44k | €38k | - | - | - |
| Amounts payable17/49 | €2.01M | €3.25M | €2.40M | €1.76M | €1.44M | ▼ 18.4% |
| Amounts payable after more than one year17 | €641k | €543k | €450k | - | - | - |
| Financial debts170/4 | €641k | €543k | €450k | - | - | - |
| Amounts payable within one year42/48 | €1.31M | €2.66M | €1.90M | €1.70M | €1.33M | ▼ 21.9% |
| Current portion of amounts payable after more than one year42 | €112k | €98k | €93k | - | - | - |
| Financial debts43 | €16k | €16k | - | - | - | - |
| Credit institutions430/8 | €16k | €16k | - | - | - | - |
| Trade debts44 | €525k | €750k | €683k | €1.30M | €456k | ▼ 64.9% |
| Suppliers440/4 | €525k | €750k | €683k | €1.30M | €456k | ▼ 64.9% |
| Advances received on contracts in progress46 | €165k | €1.27M | €569k | - | €603k | - |
| Taxes, remuneration and social security45 | €172k | €165k | €146k | €133k | €117k | ▼ 11.7% |
| Taxes450/3 | €53k | €72k | €46k | €42k | €22k | ▼ 47.2% |
| Remuneration and social security454/9 | €120k | €94k | €100k | €91k | €95k | ▲ 4.8% |
| Other amounts payable47/48 | €316k | €369k | €412k | €267k | €150k | ▼ 43.9% |
| Accrued charges and deferred income492/3 | €60k | €47k | €51k | €66k | €114k | ▲ 72.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81k | €223k | €265k | €535k | €628k | ▲ 17.4% |
| + Depreciation and write-downs630 | €181k | €166k | €157k | €114k | €67k | ▼ 41.5% |
| Operating cash flow (approximation) | €262k | €389k | €422k | €649k | €695k | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | €-30k | €-75k | €635k | €-45k | ▼ 107% |
| Change in cash | - | €777k | €-688k | €4k | €83k | ▲ 2,201% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €628k ▲17.4%
Operating result €849k, net result €628k, both a record.
31-12
Financial
Equity above €1MEq €1.25M ▲28.5%
8 profitable years in a row build equity to €1.25M.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €72k ▼7%
Net result drops to €72k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
8 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, Lier · 1 establishment unit since 1981
Ground area
2,989 m²
Building footprint
1,941 m²
Volume, LiDAR
10 m³
Parcel 12392A0968/00A000, Flanders · tallest building 4.1 m. Linked by address, not a title deed.
1 establishment unit
LEMCOOL
since 19812.019.698.960
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0968/00A000 | Flanders | 2,989 m² | 1 · 1,941 m² | 4.1 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 11,643 EUR awarded · 11,447 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 450 EUR | 2,219 EUR |
| 2024 | 2 | 4,980 EUR | 3,015 EUR |
| 2023 | 2 | 995 EUR | 2,480 EUR |
| 2022 | 2 | 5,218 EUR | 3,733 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Stagebonus (stopgezet)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
2 endedKoelinstallaties duaal (so)
Technicus koelinstallaties duaal (so)
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 2,761 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
Founded12-10-1981
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43343Specialised construction activities
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.