Turnover
≈ €110,000 estimated
The micro format states no turnover.
LEMKO
Overview
Lifetime
1 annual account with figurespeak €26,334 (2025)
€26,334
peak €3,294 (2025)
€3,294
peak €6,294 (2025)
€6,294
€73,799
Board1 name since 2024
1 directorLEMMENS Frederik Jeroen Merlyn
Documentsfilings and deeds
28-08-202628 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsDebts
€73,799 92% of the balance sheet
Financial debts 46%Suppliers 1%Taxes and wages 19%Other 34%
Of this, €39,611 falls due within a year.
Position in the sector
7.9%
Lower solvency than 83% of companies in computing infrastructure and information services. Sector median 55.3% · 2,301 companies.
2025 accounts filed 28 days after the deadline
Checked score
82
Excellent
Financially stronger than 31% of micro companies in computing infrastructure and information services (NACE 63)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 2,947 companies (NACE 63, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 0.6%
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.7%▲ +0.1 percentage points vs 10-2025
12-2025: 0.8%▲ +0.1 percentage points vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.9%▲ +0.1 percentage points vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.8%▼ -0.1 percentage points vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026highest value
08-2026: 1.0%● unchanged vs 07-2026highest value
09-2026: 0.3%▼ -0.7 percentage points vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
Equity €6,294 (7.9% of total assets)
lowers risk
Sector: Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
Liquidity: current ratio 0.62, cash €16,417
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 63, micro). It does better than 17% of them on solvency, 34% on liquidity and 40% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,135 companies had the same profile as LEMKO has now. Each dot stands for 6 companies, two years later.
92.1%
were still trading
2.3%
stopped another way
5.2%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LEMKO itself is lower: 0.3% within 12 months. It rests on far more data about LEMKO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,135 companies, not a prediction for LEMKO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.62, below 1. Short-term debt is 49.5% and cash 20.5% of total assets. 92.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2301 sector peers (2025).
NBB · sector comparisonPosition among 2301 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
28 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
First establishment
Hoogvonderstraat 14, Hasselt
Incorporation
Founding capital of €3,000, 100 shares · Founder: LEMMENS Frederik Jeroen Merlyn · Appointment: LEMMENS Frederik Jeroen Merlyn (director) · published on 28-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEMKO Hasselt | €80,094 | €26,334 | 7.9% | - |
| Avalon Services Koksijde | €74,974 | €30,106 | 54.8% | - |
| Folie Arendonk | €69,032 | €31,548 | 45.0% | - |
| Niels Trio therapist Beveren-Kruibeke-Zwijndrecht | €66,389 | €27,908 | 79.6% | - |
| HEYKE CONSULTING Ninove | €81,361 | €19,739 | 68.2% | - |
| PDL CONSULTING Dendermonde | €57,082 | €28,999 | 42.1% | - |
| LOCOMOT Bruges | €81,644 | €37,396 | 34.8% | - |
These companies have the same main activity as LEMKO: other information service activities (NACE 63920). They are comparable in size and age: total assets between €57,100 and €81,600, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 26-06-2024Normal situation
- Activity
- Other information service activitiesNACE 63920and 3 others
- Establishment unit
- 2.361.127.6763500 Hasselt, since 01-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on LEMKO
LEMKO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,294 and a net result of €3,294.
Its solvency ranks better than 16% of 2,301 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days late€26,334
€8,364
€3,294
-€15,195
7.9%
0.62
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €64,000 and €190,000.
Balance sheet
balance sheet total €80,094 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
7.9%
Higher than 16% of 2,301 companies in 2025.
0.62
Higher than 12% of 2,198 companies in 2025.
4.1%
Higher than 31% of 2,232 companies in 2025.
LEMKO
Middle half of the sector
80% of the sector
Micro accounts in computing infrastructure and information services (NACE 63)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
80,094 | |
21/28 |
55,677 | |
22/27 |
55,677 | |
23 |
824 | |
24 |
44,624 | |
26 |
10,230 | |
29/58 |
24,417 | |
40/41 |
8,000 | |
40 |
8,000 | |
54/58 |
16,417 | |
| Balance sheet: equity and liabilities | ||
10/49 |
80,094 | |
10/15 |
6,294 | |
10/11 |
3,000 | |
13 |
3,294 | |
133 |
3,294 | |
17/49 |
73,799 | |
17 |
33,888 | |
170/4 |
33,888 | |
42/48 |
39,611 | |
42 |
11,574 | |
44 |
406 | |
440/4 |
406 | |
45 |
14,111 | |
450/3 |
11,467 | |
454/9 |
2,645 | |
47/48 |
13,520 | |
492/3 |
300 | |
| Income statement | ||
9900 |
26,334 | |
630 |
16,656 | |
640/8 |
1,314 | |
9901 |
8,364 | |
65/66B |
2,512 | |
65 |
2,512 | |
9903 |
5,852 | |
67/77 |
2,557 | |
9904 |
3,294 | |
9905 |
3,294 | |
| Appropriation of the result | ||
9906 |
3,294 | |
691/2 |
3,294 | |
6921 |
3,294 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00443885.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00443885 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 25,020 | ||
| 19,950 | ||
| 72,333 | ||
| -15,195 | ||
| 7.9% | ||
| 0.62 | ||
| 11.72 | ||
| 52.3% | ||
| 4.1% | ||
| 9.96 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €72,333 |
| €16,656 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on LEMKO
Debt's share of the balance-sheet total is 92.1%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 26-06-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 28-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 28-06-2024
Mandates through the years
1 name, the dashed line is todayLEMMENS Frederik Jeroen Merlyn
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- LEMMENS Frederik Jeroen Merlyn
- Director (not named in the articles), from 26-06-2024 to date
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €62.94 in 2025
- Source
- deed of 28-06-2024
Articles of association
deed of 28-06-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Iedere bestuurder alleen optredend mag alle handelingen stellen nodig of nuttig voor verwezenlijking voorwerp, meer dan één bestuurder en…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 28-06-2024 ↗
- LEMMENS Frederik Jeroen Merlyn 100 shares (100%) · €3,000
Network & group
No group
LEMKO has no parent and no holdings in its annual accounts. LEMMENS Frederik Jeroen Merlyn is the only director. LEMKO shares no director with another company.
Timeline
Timeline
3 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2024
First establishment Hoogvonderstraat 14, Hasselt
IncorporationFounding capital of €3,000, 100 shares · Founder: LEMMENS Frederik Jeroen Merlyn · Appointment: LEMMENS Frederik Jeroen Merlyn (director) · published on 28-06-20245 points ▸
- Founder, LEMMENS Frederik Jeroen Merlyn
- Founding capital, €3,000, 100 shares
- Registered office clause, Hoogvonderstraat 14, 3500 Hasselt
- Board rule, 1
- Director appointment, LEMMENS Frederik Jeroen Merlyn (director (not named in the articles))
- The deed holds 6 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1010.797.903
- VAT number
- BE 1010.797.903
- Peppol ID
- 0208:1010797903
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-06-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of Junedeed of 28-06-2024 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- LEMKO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 28-06-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 28-06-2024 (in Dutch)
Activities
NACEBEL 202563920
Other information service activities main activity
Codes under NACEBEL 2008
63990
Computing infrastructure, data processing, hosting and other information service activities main activity
70220
Business consulting
82190
Office administrative, office support and other business support activities
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De boekhouding en de boekhoudkundige diensten organiseren en advies verstrekken inzake de boekhoudkundige organisatie bij ondernemingen; Het…”deed of 28-06-2024 (in Dutch)
10 activities
- De boekhouding en de boekhoudkundige diensten organiseren en advies verstrekken inzake de boekhoudkundige organisatie bij ondernemingen;
- Het bepalen van de resultaten en het opmaken van de jaarrekening conform de wettelijke bepalingen ter zake;
- Het openen,het houden,het centraliseren en het sluiten van boekingen,geschikt voor het opmaken van de rekeningen;
- Alle boekhoudstukken nazien en corrigeren die niet leiden tot een attestering of een expertiseverslag bestemd om aan derden te worden afgegeven;
- De analyse met boekhoud technische procedés van de positie en werking van ondernemingen vanuit het oogpunt van hun kredietwaardigheid,rentabiliteit en risico's die niet leidt tot een attestering of een expertiseverslag bestemd om aan derden te worden afgegeven;
- Zowel privé- als gerechtelijke expertise met betrekking tot de boekhouding van ondernemingen;
- Het verstrekken van advies in alle fiscale aangelegenheden;
- Het bijstaan van de belastingplichtige bij het nakomen van zijn fiscale verplichtingen;
- Het vertegenwoordigen van de belastingplichtige bij de belastingdiensten;
- Het organiseren van administratieve diensten en advies verstrekken over de administratieve organisatie van ondernemingen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Hoogvonderstraat 14 registered office 3500 Hasselt | 01-07-2024 | 2.361.127.676 |
Buildings and parcels at the address
- Ground area
- 628 m²
- Buildings
- 75 m²
- Volume, LiDAR
- 460 m³
- Tallest building
- 7.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71327G0402/00F002 | 628 m² | 1 · 75 m² | 7.7 m · 2 |
Contact
E-mail
frederiklemmens91@gmail.com establishment in Hasselt
Phone
+32 472 82 52 20 establishment in Hasselt