Active BE 0844.375.892Private limited company

LEMKE

Prinsenhoflaan 12 ·3680 Maaseik, Belgium· 14 yrs active

Sector: Other holiday and short-stay accommodation (55209)

Conclusion Checked

LEMKE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €-16k. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 1244 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€43k
Net result	€-16k
Better than sector	45%
Active	14 yrs

Financial profile 5 of 5 axes measured · computed by Checked

32 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 20

Profitability 0

Solvency 10

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2012, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

20 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

23 2021

5 2022

41 2023

20 2024

20 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.07 (< 1.0) -10

Quick ratio Quick ratio 0.07 (< 0.6) -5

Leverage Debt/equity 5.66 (> 3.0) -10

Profitability Negatieve ROE -37% -10

Interest coverage Interest coverage 22.1× (≥ 3×) +8

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview13 NBB filings

Annual accounts filed on 28-07-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~5.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 55, Accommodation · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	15.0%	18.9%	better than 45% of 1244 sector peers
Net result	€-16k	€2k	better than 24% of 1244 sector peers
Equity	€43k	€49k	better than 48% of 1245 sector peers
Gross operating margin	€33k	€44k	better than 45% of 1243 sector peers
Total assets	€286k	€384k	better than 42% of 1244 sector peers

EBITDA

€31k

-25.5% 21-25

Net profit

€-16k

-240.4% 21-25

Cash flow

€31k

-23.4% 21-25

Total assets

€286k

-15.9% 21-25

Equity

€43k

-28.6% 21-25

Working capital

€-165k

+11.8% 21-25

Debt

€243k

-13.2% 21-25

Debt ≤ 1y

€177k

-14.3% 21-25

Debt > 1y

€45k

-13.9% 21-25

Current ratio

0.07

-28.9% 21-25

Quick ratio

0.07

-28.9% 21-25

Solvency

15.0%

-15.1% 21-25

Debt / equity

5.66

+21.6% 21-25

ROE

-36.7%

-376.8% 21-25

ROA

-5.5%

-304.7% 21-25

Interest coverage

22.09

+35.2% 21-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2022 Δ	2021 Δ
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	-25.5%	-12.4%	+1762.5%	-90.3%	-
Net profit	-240.4%	-	-	-735.0%	-
Cash flow	-23.4%	-11.6%	+6070.9%	-97.1%	-
Staff costs	-	-	-	-	-
Income taxes	-	-	-	-	-
Dividends	-	-	-	-	-
Total assets	-15.9%	-14.0%	-5.0%	+22.1%	-
Equity	-28.6%	-9.2%	-1.5%	+18.6%	-
Debt	-13.2%	-14.9%	-5.7%	+22.8%	-
of which ≤ 1y	-14.3%	+2.9%	-0.2%	+5.5%	-
of which > 1y	-13.9%	-51.2%	-15.4%	+75.2%	-
Working capital	+11.8%	-9.4%	+9.6%	-10.3%	-
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.07	0.09	0.15	0.06	0.10
Quick ratio	0.07	0.09	0.15	0.06	0.10
Working capital ratio	-57.6%	-55.0%	-43.2%	-45.4%	-50.3%
Solvency	15.0%	17.7%	16.8%	16.2%	16.6%
Debt / equity	5.66	4.65	4.97	5.19	5.01
Long-term debt ratio	1.05	0.87	1.62	1.89	1.28
Interest coverage	22.09	16.34	15.29	0.78	12.52
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-5.5%	-1.4%	0.1%	-6.7%	-1.0%
ROE	-36.7%	-7.7%	0.6%	-41.6%	-5.9%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €275k · 96.0% Current assets €12k · 4.0%

Equity & liabilities

Equity €43k · 15.0% Debt €243k · 85.0%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€286k	€340k	€396k	€417k	€341k
Fixed assets	21/28	€275k	€321k	€366k	€405k	€322k
Tangible fixed assets	22/27	€275k	€321k	€366k	€405k	€322k
Current assets	29/58	€12k	€19k	€29k	€11k	€19k
Amounts receivable within one year	40/41	€8k	€16k	€15k	€8k	€14k
Cash & bank	54/58	€4k	€3k	€15k	€3k	€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€286k	€340k	€396k	€417k	€341k
Equity	10/15	€43k	€60k	€66k	€67k	€57k
Contributions / capital	10/11	€242k	€242k	€242k	€242k	€202k
Accumulated profits (losses)	14	€-205k	€-189k	€-184k	€-185k	€-157k
Amounts payable	17/49	€243k	€280k	€329k	€349k	€284k
Amounts payable after one year	17	€45k	€52k	€107k	€127k	€72k
Amounts payable within one year	42/48	€177k	€206k	€200k	€201k	€190k
Trade debts payable within one year	44	€4k	€4k	€107	€11k	€27
Income statement
Gross operating margin	9900	€33k	€44k	€49k	€3k	€27k
Operating result	9901	€-16k	€-4k	€2k	€-26k	€-3k
Financial income	75	€1k	€1k	€1k	€1k	€1k
Financial charges	65	€1k	€3k	€3k	€3k	€2k
Result before taxes	9903	€-16k	€-5k	€417	€-28k	€-3k
Net result for the period	9904	€-16k	€-5k	€417	€-28k	€-3k
Result to be appropriated	9905	€-16k	€-5k	€417	€-28k	€-3k

Legal Structure

NACE primary	Other holiday and short-stay accommodation(55209)
Legal form	Private limited company(610)
Incorporation	09-03-2012
Status	Active
Postal code	3680

Establishment units 1 location

LEMKE

Bergerkampstraat 18 A, 3650 Dilsen-StokkemReal estate development

since 20122.208.940.913

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72007B1150/00L000 ProtectedMonument · Townscape or village viewDorpskern ElenSource ↗	Flanders	655 m²	1 · 117 m²	9.6 m · 3 fl.
72021E0919/00M003	Flanders	247 m²	1 · 136 m²	11.5 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €417

Net result €417 after 2 loss-making years.

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-28k

Net result drops to €-28k, the lowest in the series; recovery starts the following year.

04-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

25-05

State Gazette act Capital & shares

Geraldine COPS

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

24-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 55 days late

2019

10-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

20-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

12-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

25-05-2022

Capital change

All acts · 1 updated 4 years ago

2022

25-05-2022 Capital increase of €40,000 to €242,000 Capital & shares·Geraldine COPS

€202.000 → €242.000
Inbreng in geld · Apport en numéraire

Notary: Geraldine COPS · MaaseikFirm: NOTARIS GERALDINE COPS

Original publication ↗

Technical details

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      "share_emission": {
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Other holiday and short-stay accommodation55209Holiday cottages, homes and apartments55203Real estate appraisal on a fee or contract basis68322Other business support services82990Libraries, archives, museums and other cultural activities91030Libraries, archives, museums and other cultural activities91220Other personal services96999

Names & trade names

Legal nameNL

LEMKE

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