LemonSide
ActiveSummary
LemonSide has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,154 and a net result of €22,297. Equity has been growing by about 70% per year since 2022. Its solvency ranks better than 21% of 39,293 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-12-2021 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.325.689.222 1090 Jette, since 01-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Board and ownership
- WÉSEL AmbreChair
- DESGUIN Samuel Brice Martin DamienManaging director
- GOFFIN Morgane Marie DeniseDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Turnover
- €127,825
- ▲ 7.4%
- Profit
- €22,297
- ▲ 49.2%
- Equity
- €20,154
- ▲ 82.3%
- Total assets
- €120,193
- ▲ 93.0%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises riskEquity €20,154 (16.8% of total assets)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 3.79, cash €52,117Figures for financial year 2025 (filed on 11-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 21% of them on solvency, 83% on liquidity, 64% on profitability and 75% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 22 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 10-06-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is 26% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Staff
| Item | 31-12-2022 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| part-time | 1 | - |
| in full-time equivalents | 0.5 | - |
| Average over the year, in full-time equivalents | 0.5 | 0.5 |
| Joined | 2 | 1 |
| Left | 1 | 2 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,461 | - | - | €4,492 |
| Depreciation and write-downs of the year | €2,461 | - | - | €414 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €83,681 | €100,379 | €119,018 | €127,825 | ▲ 7.4% |
| Non-recurring operating income76A | €0 | €636 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €72,863 | €75,903 | €95,049 | €123,882 | ▲ 30.3% |
| Remuneration, social security and pensions62 | €6,047 | €10,424 | -€36 | €625 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,461 | - | - | €414 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - |
| Other operating charges640/8 | €892 | €261 | €64 | - | - |
| Gross operating margin9900 | €10,818 | €25,113 | €23,969 | €31,106 | ▲ 29.8% |
| Operating profit (loss)9901 | €1,418 | €14,427 | €23,941 | €30,067 | ▲ 25.6% |
| Financial income75/76B | - | €0 | €0 | €2 | ▲ 33× |
| Recurring financial income75 | - | €0 | €0 | €2 | ▲ 33× |
| Financial charges65/66B | €27 | €144 | €69 | €198 | ▲ 187% |
| Recurring financial charges65 | €27 | €144 | €69 | €198 | ▲ 187% |
| Profit (loss) for the period before taxes9903 | €1,391 | €14,284 | €23,872 | €29,871 | ▲ 25.1% |
| Income taxes67/77 | €384 | €2,917 | €8,925 | €7,574 | ▼ 15.1% |
| Profit (loss) for the period9904 | €1,007 | €11,367 | €14,947 | €22,297 | ▲ 49.2% |
| Profit (loss) for the period to be appropriated9905 | €1,007 | €11,367 | €14,947 | €22,297 | ▲ 49.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19,623 | €48,832 | €62,273 | €120,193 | ▲ 93.0% |
| Fixed assets21/28 | - | - | - | €4,078 | - |
| Tangible fixed assets22/27 | - | - | - | €4,078 | - |
| Furniture and vehicles24 | - | - | - | €4,078 | - |
| Current assets29/58 | €19,623 | €48,832 | €62,273 | €116,115 | ▲ 86.5% |
| Amounts receivable within one year40/41 | €10,752 | €17,379 | €33,063 | €63,378 | ▲ 91.7% |
| Trade receivables40 | €10,548 | €17,222 | €32,558 | €6,371 | ▼ 80.4% |
| Other amounts receivable41 | €204 | €157 | €505 | €57,006 | ▲ 113× |
| Cash at bank and in hand54/58 | €8,871 | €31,453 | €29,099 | €52,117 | ▲ 79.1% |
| Deferred charges and accrued income490/1 | - | - | €111 | €620 | ▲ 460% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19,623 | €48,832 | €62,273 | €120,193 | ▲ 93.0% |
| Equity10/15 | €5,007 | €5,174 | €11,058 | €20,154 | ▲ 82.3% |
| Contributions10/11 | €4,000 | €4,000 | €3,000 | €3,000 | = |
| Capital10 | €4,000 | €4,000 | - | - | - |
| Issued capital100 | €4,000 | €4,000 | - | - | - |
| Profit (loss) carried forward14 | €1,007 | €1,174 | €8,058 | €17,154 | ▲ 113% |
| Amounts payable17/49 | €14,616 | €43,658 | €51,215 | €100,039 | ▲ 95.3% |
| Amounts payable within one year42/48 | €10,949 | €28,612 | €34,138 | €30,645 | ▼ 10.2% |
| Trade debts44 | €6,718 | €3,709 | €1,407 | €69 | ▼ 95.1% |
| Suppliers440/4 | €6,718 | €3,709 | €1,407 | €69 | ▼ 95.1% |
| Taxes, remuneration and social security45 | €4,231 | €15,444 | €26,281 | €19,356 | ▼ 26.3% |
| Taxes450/3 | €3,742 | €15,444 | €26,281 | €18,478 | ▼ 29.7% |
| Remuneration and social security454/9 | €489 | - | - | €878 | - |
| Other amounts payable47/48 | - | €9,459 | €6,450 | €11,220 | ▲ 73.9% |
| Accrued charges and deferred income492/3 | €3,668 | €15,046 | €17,078 | €69,394 | ▲ 306% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,007 | €11,367 | €14,947 | €22,297 | ▲ 49.2% |
| + Depreciation and write-downs630 | €2,461 | - | - | €414 | - |
| Operating cash flow (approximation) | €3,468 | €11,367 | €14,947 | €22,711 | ▲ 51.9% |
| Change in cash | - | €22,582 | -€2,355 | €23,018 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as LemonSide has now. Two years later, 94.4% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LemonSide itself is lower: 0.1% within 12 months. It rests on far more data about LemonSide than the profile alone.
Test of the method
The method was tested on the 497,446 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 7,976 companies, not a prediction for LemonSide. 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.
Board & ownership
Directors
Board 4
Day-to-day management 2
Owners and capital
Shareholders
- DESGUIN Samuel Brice Martin Damien 10 shares (25%) · €1,000
- WÉSEL Ambre 10 shares (25%) · €1,000
- PARÉE Mathilde Julie 10 shares (25%) · €1,000
- GOFFIN Morgane Marie Denise 10 shares (25%) · €1,000
Capital transactions
- 29-12-2021 Incorporation · €4,000 · 40 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DESGUIN Samuel Brice Martin Damien |
|
| GOFFIN Morgane Marie Denise |
|
| PARÉE Mathilde Julie |
|
| WÉSEL Ambre |
|
| Morgane Goffin |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Conseil d'administration, scrutin de ballottage entre candidats ayant obtenu le plus de voix si aucune majorit锓Conseil élit président parmi ses membres, en cas d'empêchement remplacé par vice-président,à défaut par autre administrateur désigné par…”“Moitié au moins présents ou représentés, sous réserve d'autres dispositions statutaires”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Décision notifiée avant échéance 90 jours à adresse actionnaire cédant, 2 ans à dater souscription”
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, administrateurs en fonction désignés liquidateurs en vertu…”
Articles of association, deed of 29-12-2021 (in French)
Network & group
Companies at the same address
2 other companiesConnections & network
2 connected companiesThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
22-08
Gazette deed
Registered office moved from Court-Saint-Etienne to JetteNew seat: Rue de la loyauté 22, 1090 Jette · Previous seat: Av des Prisonniers de Guerre, 25 1490 Court-Saint-Etienne · Resignation: Morgane Goffin (director)6 points ▸
- Board meeting, 14-08-2023
- Board composition, Wésel Ambre (director and director)
- Board composition, Parée Mathilde (director and director)
- Board composition, Desguin Samuel (director and director)
- Registered-office move, Rue de la loyauté 22,1090 Jette
- Director resignation, Morgane Goffin (director)
29-12
Gazette deed
IncorporationStarting capital €4,000 · Appointments: DESGUIN Samuel Brice Martin Damien, WÉSEL Ambre and 2 others · Founder20 points ▸
- Incorporation, 20-12-2021
- Founder, DESGUIN Samuel Brice Martin Damien
- Founder, WÉSEL Ambre
- Founder, PARÉE Mathilde Julie
- Founder, GOFFIN Morgane Marie Denise
- Founding capital, €4,000
- Other provision, “statuts arrêtés, statuts arrêtés comme suit” (deed in French)
- Share issue, “A”, 40 (deed in French)
- General meeting, “statuts arrêtés,actionnaires réunis, assemblée générale extraordinaire” (deed in French)
- Board rule, 4
- Director appointment, DESGUIN Samuel Brice Martin Damien (director)
- Director appointment, WÉSEL Ambre (director)
- The act holds 8 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Av des Prisonniers de Guerre,25, 1490 Court-Saint-Etienne until the act of 22-08-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21463D0398/00T003 | Brussels | 187 m² | 1 · 116 m² | 11.7 m · 3 |