LEMMING
ActiveSummary
LEMMING has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €551k and a net result of €43k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 90% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+5
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 11.19 against 5.57 in 2024; short-term debt: 7.9% and cash: 9.3% of total assets), and 9.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer 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
90.7%
Return on assets
7.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
8 d early
2023
14 d early
2022
19 d early
2021
1 d late
2020
41 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€551k▲ 8.4%
2024 · €509k
2019: €411klowest in 7 years
2020: €446k▲ +8.6% vs 2019
2021: €425k▼ -4.8% vs 2020
2022: €442k▲ +4.0% vs 2021
2023: €484k▲ +9.7% vs 2022
2024: €509k▲ +5.0% vs 2023
2025: €551k▲ +8.4% vs 2024highest in 7 years
2019 → 2025
Total assets
€608k▼ 4.7%
2024 · €638k
2019: €523klowest in 7 years
2020: €565k▲ +8.0% vs 2019
2021: €567k▲ +0.2% vs 2020
2022: €561k▼ -1.0% vs 2021
2023: €696k▲ +24.1% vs 2022highest in 7 years
2024: €638k▼ -8.4% vs 2023
2025: €608k▼ -4.7% vs 2024
2019 → 2025
Net result
€43k▲ 77.5%
2024 · €24k
2019: €26k
2020: €35k▲ +37.9% vs 2019
2021: €-22k▼ -161% vs 2020lowest in 7 years
2022: €17k▲ +178% vs 2021
2023: €43k▲ +153% vs 2022highest in 7 years
2024: €24k▼ -43.7% vs 2023
2025: €43k▲ +77.5% vs 2024
2019 → 2025
Working capital
€489k▲ 10.2%
2024 · €443k
2019: €232klowest in 7 years
2020: €300k▲ +29.3% vs 2019
2021: €285k▼ -5.3% vs 2020
2022: €315k▲ +10.5% vs 2021
2023: €498k▲ +58.4% vs 2022highest in 7 years
2024: €443k▼ -11.0% vs 2023
2025: €489k▲ +10.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€425k-€442k▲ 4.0%€484k▲ 9.7%€509k▲ 5.0%€551k▲ 8.4%
2021: €425klowest in 5 years
2022: €442k▲ +4.0% vs 2021
2023: €484k▲ +9.7% vs 2022
2024: €509k▲ +5.0% vs 2023
2025: €551k▲ +8.4% vs 2024highest in 5 years
Operating result€-21k-€-32k▼ 54.5%€86k€42k▼ 51.0%€68k▲ 61.3%
2021: €-21k
2022: €-32k▼ -54.5% vs 2021lowest in 5 years
2023: €86k▲ +370% vs 2022highest in 5 years
2024: €42k▼ -51.0% vs 2023
2025: €68k▲ +61.3% vs 2024
Net result€-22k-€17k€43k▲ 153%€24k▼ 43.7%€43k▲ 77.5%
2021: €-22klowest in 5 years
2022: €17k▲ +178% vs 2021
2023: €43k▲ +153% vs 2022highest in 5 years
2024: €24k▼ -43.7% vs 2023
2025: €43k▲ +77.5% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €608k
Fixed assets
€71k ▼ 27.0%
Current assets
€537k ▼ 0.7%
Equity and liabilities €608k
Equity
€551k ▲ 8.4%
Debt
€56k ▼ 56.4%
Debt's share of the balance-sheet total falls from 20.3% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▲
2024 · €73k
Cash flow
€75k▲
2024 · €55k
Current ratio
11.19▲
2024 · 5.57
Debt to equity
0.10▼
2024 · 0.25
ROE
7.8%▲
2024 · 4.7%
ROA
7.1%▲
2024 · 3.8%
Interest coverage
37.31▲
2024 · 34.65
Debt ≤ 1 year
€48k▼
2024 · €97k
Debt > 1 year
€8k▼
2024 · €21k
Income taxes
€26k▲
2024 · €17k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€638k€608k▼
Fixed assets21/28€97k€71k▼
Tangible fixed assets22/27€97k€71k▼
Land and buildings22€83k€63k▼
Plant, machinery and equipment23€4k€7k▲
Furniture and vehicles24€10k€2k▼
Current assets29/58€540k€537k▼
Amounts receivable within one year40/41€50k€1k▼
Trade receivables40€1k€206▼
Other amounts receivable41€49k€1k▼
Current investments50/53€430k€474k▲
Cash at bank and in hand54/58€58k€57k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€638k€608k▼
Equity10/15€509k€551k▲
Contributions10/11€6k€6k=
Reserves13€366k€409k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€364k€407k▲
Profit (loss) carried forward14€136k€136k=
Amounts payable17/49€129k€56k▼
Amounts payable after more than one year17€21k€8k▼
Financial debts170/4€21k€8k▼
Amounts payable within one year42/48€97k€48k▼
Current portion of amounts payable after more than one year42€60k€29k▼
Trade debts44€22k€3k▼
Suppliers440/4€22k€3k▼
Advances received on contracts in progress46€2k€0▼
Taxes, remuneration and social security45€0€6k▲
Taxes450/3€0€6k▲
Other amounts payable47/48€13k€10k▼
Accrued charges and deferred income492/3€12k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€32k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€75k€102k▲
Operating profit (loss)9901€42k€68k▲
Financial income75/76B€981€3k▲
Recurring financial income75€981€3k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€41k€69k▲
Income taxes67/77€17k€26k▲
Profit (loss) for the period9904€24k€43k▲
Profit (loss) for the period to be appropriated9905€24k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€160k€179k▲
Profit (loss) brought forward from the previous period14P€136k€136k=
Transfer to equity691/2€24k€43k▲
To other reserves6921€24k€43k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €30k | €30k | €31k | €32k | ▲ 2.3% |
| Other operating charges640/8 | - | €987 | €1k | €1k | €2k | ▲ 58.7% |
| Gross operating margin9900 | €10k | €-1k | €118k | €75k | €102k | ▲ 36.7% |
| Operating profit (loss)9901 | €-21k | €-32k | €86k | €42k | €68k | ▲ 61.3% |
| Financial income75/76B | - | €38k | €84 | €981 | €3k | ▲ 230% |
| Recurring financial income75 | €23k | €38k | €84 | €981 | €3k | ▲ 230% |
| Financial charges65/66B | - | €3k | €18k | €2k | €3k | ▲ 26.6% |
| Recurring financial charges65 | €3k | €3k | €18k | €2k | €3k | ▲ 26.6% |
| Profit (loss) for the period before taxes9903 | €-516 | €3k | €68k | €41k | €69k | ▲ 67.1% |
| Income taxes67/77 | €21k | €-14k | €26k | €17k | €26k | ▲ 52.3% |
| Profit (loss) for the period9904 | €-22k | €17k | €43k | €24k | €43k | ▲ 77.5% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €17k | €43k | €24k | €43k | ▲ 77.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €567k | €561k | €696k | €638k | €608k | ▼ 4.7% |
| Fixed assets21/28 | €215k | €187k | €126k | €97k | €71k | ▼ 27.0% |
| Tangible fixed assets22/27 | €181k | €153k | €126k | €97k | €71k | ▼ 27.0% |
| Land and buildings22 | - | €125k | €104k | €83k | €63k | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €2k | €4k | €4k | €7k | ▲ 71.2% |
| Furniture and vehicles24 | - | €27k | €18k | €10k | €2k | ▼ 81.1% |
| Financial fixed assets28 | €34k | €34k | €0 | - | - | - |
| Current assets29/58 | €351k | €374k | €570k | €540k | €537k | ▼ 0.7% |
| Amounts receivable within one year40/41 | €4k | €6k | €19k | €50k | €1k | ▼ 97.1% |
| Trade receivables40 | - | €3k | €13k | €1k | €206 | ▼ 82.9% |
| Other amounts receivable41 | - | €3k | €6k | €49k | €1k | ▼ 97.4% |
| Current investments50/53 | €182k | €183k | €294k | €430k | €474k | ▲ 10.2% |
| Cash at bank and in hand54/58 | €163k | €185k | €257k | €58k | €57k | ▼ 2.3% |
| Deferred charges and accrued income490/1 | - | €0 | - | €2k | €4k | ▲ 113% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €567k | €561k | €696k | €638k | €608k | ▼ 4.7% |
| Equity10/15 | €425k | €442k | €484k | €509k | €551k | ▲ 8.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €282k | €299k | €342k | €366k | €409k | ▲ 11.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €297k | €340k | €364k | €407k | ▲ 11.8% |
| Profit (loss) carried forward14 | €136k | €136k | €136k | €136k | €136k | = |
| Amounts payable17/49 | €142k | €119k | €212k | €129k | €56k | ▼ 56.4% |
| Amounts payable after more than one year17 | €75k | €58k | €39k | €21k | €8k | ▼ 59.4% |
| Financial debts170/4 | - | €58k | €39k | €21k | €8k | ▼ 59.4% |
| Amounts payable within one year42/48 | €67k | €59k | €72k | €97k | €48k | ▼ 50.6% |
| Current portion of amounts payable after more than one year42 | - | €18k | €19k | €60k | €29k | ▼ 52.1% |
| Trade debts44 | €518 | €370 | €15k | €22k | €3k | ▼ 86.1% |
| Suppliers440/4 | - | €370 | €15k | €22k | €3k | ▼ 86.1% |
| Advances received on contracts in progress46 | - | - | €2k | €2k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €5k | €30k | €0 | €6k | - |
| Taxes450/3 | - | €5k | €30k | €0 | €6k | - |
| Other amounts payable47/48 | - | €35k | €6k | €13k | €10k | ▼ 21.7% |
| Accrued charges and deferred income492/3 | - | €3k | €101k | €12k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €17k | €43k | €24k | €43k | ▲ 77.5% |
| + Depreciation and write-downs630 | €30k | €30k | €30k | €31k | €32k | ▲ 2.3% |
| Operating cash flow (approximation) | €9k | €47k | €73k | €55k | €75k | ▲ 35.2% |
| Investment in fixed assets (approximation) | - | €-2k | €31k | €-2k | €-5k | ▼ 144% |
| Change in cash | - | €22k | €72k | €-199k | €-1k | ▲ 99.3% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity doublescurrent ratio 11.19
Current ratio from 5.57 to 11.19; short-term debt falls from €97k to €48k.
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €500kEq €509k ▲5%
3 profitable years in a row build equity to €509k.
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €43k ▲153%
Operating result €86k, net result €43k, both a record.
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-06
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-01
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 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Kapellen · 1 establishment unit since 1997
Ground area
1,033 m²
Building footprint
158 m²
Volume, LiDAR
874 m³
Parcel 11023I0061/00G000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Varenlaan 6, 2950 Kapellen
since 19972.103.083.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0061/00G000 | Flanders | 1,033 m² | 1 · 158 m² | 8.1 m · 2 fl. |
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.
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Of 3,393 companies in sector 90393 we hold annual accounts for 939. 563 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-03-1997
Fiscal year end30-06
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
47715Retail trade
Scores and ratios are computed by Checked and are not a credit decision.