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Lemmens - Le Couter

Active
Public limited companyfounded 1987active for 38 yearsGentseweg 209, 8792 Waregem, BelgiumKBO/BCE: BE 0432.446.784
Summary

Lemmens - Le Couter has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.3m and a net result of €1.4m. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 95% of 6,487 sector peers (NACE 47, financial year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811
9th fastest staff growth in Waregem, Wholesale and retail trade sector1 site
Size
€34.8mturnover 2024
Staff
22.6 FTE
Equity
€9.3m
Profit
€1.4m
Financial health
57 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Accounts 73 days overdue0 of 4 deeds read
Why 57raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 01-11-2025)Liquidity: current ratio 12.41, cash €111,494, halvedlowers riskFounded in 1987Equity €9.3m (93.2% of total assets)Show the evidence

Checked score

Score 2024
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 67% of its sector peers (NACE 47, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 100+16
equity 93.2% of total assets
Liquidity 51+16
short-term debt 6.8% · cash 1.1%
Profitability 72+4
return on assets 13.8%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,693 companies, NACE 47, small)
Last 24 months 11-2024: 0.5% 12-2024: 0.2%▼ -0.3 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.6%▲ +0.2 percentage points vs 09-2025 11-2025: 0.7%▲ +0.1 percentage points vs 10-2025highest value 12-2025: 0.2%▼ -0.5 percentage points vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.6%▲ +0.2 percentage points vs 09-2026
Credit of up to €500,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 12.41, compared with 2.09 in 2023; short-term debt: 6.8% and cash: 1.1% of total assets), and 6.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, small): better than 95% on solvency, 66% on liquidity, 60% on profitability and 48% on growth.

The bankruptcy probability was computed on 11-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 01-11-2025)
NBB · annual accounts
lowers risk · Founded in 1987
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €9.3m (93.2% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 12.41, cash €111,494, halved
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 73 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline12-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
92 days late
2023
92 days late
2022
92 days late
2021
85 days late
2020
121 days late
2019
133 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 103 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Highest result from 2018 to 2024net €1.4m ▲4.6%
  3. Liquidity more than 5 timescurrent ratio 12.41

Key points

  • Positive: Among the best 5% on solvencysector median 32.6% · 6,487 companies 93.2% View
  • Caution: Accounts not fileddeadline was 31-07-2026 73 days late View
  • Positive: 7 profitable years in a rowprofit 2024: €1.4m 7 years View

By topic

Financials

Financial year
2024
Turnover
€34.8m
Profit
€1.4m
Solvency
93.2%
Turnover▼ 7.9%
Net result
20232024
Go to Financials

Timeline

Events
41
Since
1989
  1. 31-10-2024Annual accounts filed
  2. 31-10-2023Annual accounts filed
  3. 24-10-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of cars and light vans (up…NACE 47811
Founded
12-11-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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