LEZMA
Dissolved and wound up on 29-09-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-03-2026 PDF all 15 filings
Turnover
€14,000▼ 44.4%
2024 · €25,198
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€69,863▲ 39×
2024 · €1,779
Working capital
€127,581
2024 · -€36,723
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€14,000
▼ 44.4%
2025
20182025
Operating result
€109,843
▲ 18×
2025
20182025
Net result
€69,863
▲ 39×
2025
20182025
Equity
€127,181
▲ 122%
2025
20182025
Total assets
€162,936
▼ 4.1%
2025
20182025
Debt
€35,755
▼ 68.2%
2025
20182025
Working capital
€127,581
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€30,813-€34,987▲ 13.5%€33,222▼ 5.0%€33,623▲ 1.2%€35,323▲ 5.1%€36,799▲ 4.2%€25,198▼ 31.5%€14,000▼ 44.4%
Operating result€12,410-€15,539▲ 25.2%€14,544▼ 6.4%€15,156▲ 4.2%€16,429▲ 8.4%€16,534▲ 0.6%€6,073▼ 63.3%€109,843▲ 18×
Net result€4,324-€6,847▲ 58.3%€6,896▲ 0.7%€7,635▲ 10.7%€8,927▲ 16.9%€9,299▲ 4.2%€1,779▼ 80.9%€69,863▲ 39×
Equity€15,935-€22,782▲ 43.0%€29,677▲ 30.3%€37,312▲ 25.7%€46,240▲ 23.9%€55,538▲ 20.1%€57,317▲ 3.2%€127,181▲ 122%
Total assets€260,271-€244,291▼ 6.1%€229,287▼ 6.1%€214,967▼ 6.2%€201,752▼ 6.1%€184,340▼ 8.6%€169,833▼ 7.9%€162,936▼ 4.1%
Debt€244,336-€221,510▼ 9.3%€199,610▼ 9.9%€177,655▼ 11.0%€155,512▼ 12.5%€128,802▼ 17.2%€112,515▼ 12.6%€35,755▼ 68.2%
Working capital-€94,899--€84,146▲ 11.3%-€73,771▲ 12.3%-€62,735▲ 15.0%-€51,543▲ 17.8%-€40,131▲ 22.1%-€36,723▲ 8.5%€127,581
The operating result for 2025 is 18 times that of 2024 and the highest since 2018. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €162,936
Equity
€127,181 ▲ 122%
Debt
€35,755 ▼ 68.2%
Debt's share of the balance-sheet total falls from 66.3% to 21.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.61▲
2024 · 0.03
Debt to equity
0.28▼
2024 · 1.96
ROE
54.9%▲
2024 · 3.1%
ROA
42.9%▲
2024 · 1.0%
Debt ≤ 1 year
€35,355▼
2024 · €37,666
Income taxes
€34,707▲
2024 · €648
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €30,813 | €34,987 | €33,222 | €33,623 | €35,323 | €36,799 | €25,198 | €14,000 | ▼ 44.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1,991 | €2,392 | €3,674 | €2,507 | €14,003 | ▲ 458% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,098 | €15,098 | €15,098 | €15,098 | €15,098 | €15,048 | €15,048 | - | - |
| Other operating charges640/8 | - | - | - | €1,378 | €1,404 | €1,542 | €1,570 | €1,265 | ▼ 19.4% |
| Gross operating margin9900 | €28,844 | €31,993 | €31,013 | €31,632 | €32,931 | €33,125 | €22,691 | €111,108 | ▲ 390% |
| Operating profit (loss)9901 | €12,410 | €15,539 | €14,544 | €15,156 | €16,429 | €16,534 | €6,073 | €109,843 | ▲ 18× |
| Financial charges65/66B | - | - | - | €4,946 | €4,526 | €4,136 | €3,646 | €5,272 | ▲ 44.6% |
| Recurring financial charges65 | €6,103 | €5,726 | €5,356 | €4,946 | €4,526 | €4,136 | €3,646 | €5,272 | ▲ 44.6% |
| Profit (loss) for the period before taxes9903 | €6,307 | €9,813 | €9,188 | €10,210 | €11,903 | €12,398 | €2,427 | €104,571 | ▲ 43× |
| Income taxes67/77 | €1,982 | €2,966 | €2,292 | €2,575 | €2,976 | €3,100 | €648 | €34,707 | ▲ 54× |
| Profit (loss) for the period9904 | €4,324 | €6,847 | €6,896 | €7,635 | €8,927 | €9,299 | €1,779 | €69,863 | ▲ 39× |
| Profit (loss) for the period to be appropriated9905 | €4,324 | €6,847 | €6,896 | €7,635 | €8,927 | €9,299 | €1,779 | €69,863 | ▲ 39× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €260,271 | €244,291 | €229,287 | €214,967 | €201,752 | €184,340 | €169,833 | €162,936 | ▼ 4.1% |
| Fixed assets21/28 | €259,377 | €244,279 | €229,181 | €214,083 | €198,985 | €183,937 | €168,889 | - | - |
| Tangible fixed assets22/27 | €259,377 | €244,279 | €229,181 | €214,083 | €198,985 | €183,937 | €168,889 | - | - |
| Land and buildings22 | - | - | - | €214,083 | €198,985 | €183,937 | €168,889 | - | - |
| Current assets29/58 | €894 | €12 | €106 | €884 | €2,766 | €403 | €944 | €162,936 | ▲ 173× |
| Cash at bank and in hand54/58 | €894 | €12 | €106 | €884 | €2,766 | €403 | €944 | €162,936 | ▲ 173× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €260,271 | €244,291 | €229,287 | €214,967 | €201,752 | €184,340 | €169,833 | €162,936 | ▼ 4.1% |
| Equity10/15 | €15,935 | €22,782 | €29,677 | €37,312 | €46,240 | €55,538 | €57,317 | €127,181 | ▲ 122% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €69,860 | ▲ 38× |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €69,860 | ▲ 38× |
| Profit (loss) carried forward14 | €7,875 | €14,722 | €21,617 | €29,252 | €38,180 | €47,478 | €49,257 | €51,121 | ▲ 3.8% |
| Amounts payable17/49 | €244,336 | €221,510 | €199,610 | €177,655 | €155,512 | €128,802 | €112,515 | €35,755 | ▼ 68.2% |
| Amounts payable after more than one year17 | €148,543 | €137,351 | €125,733 | €113,689 | €101,203 | €88,268 | €74,849 | - | - |
| Financial debts170/4 | - | - | - | €113,689 | €101,203 | €88,268 | €74,849 | - | - |
| Amounts payable within one year42/48 | €95,793 | €84,159 | €73,877 | €63,619 | €54,310 | €40,534 | €37,666 | €35,355 | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,044 | €12,486 | €12,934 | €13,419 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €575 | €476 | €600 | €1,247 | €35,355 | ▲ 28× |
| Taxes450/3 | - | - | - | €575 | €476 | €600 | €1,247 | €35,355 | ▲ 28× |
| Other amounts payable47/48 | - | - | - | €51,000 | €41,348 | €27,000 | €23,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €348 | - | - | - | €400 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,324 | €6,847 | €6,896 | €7,635 | €8,927 | €9,299 | €1,779 | €69,863 | ▲ 39× |
| + Depreciation and write-downs630 | €15,098 | €15,098 | €15,098 | €15,098 | €15,098 | €15,048 | €15,048 | - | - |
| Operating cash flow (approximation) | €19,422 | €21,945 | €21,993 | €22,733 | €24,025 | €24,347 | €16,827 | €69,863 | ▲ 315% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - | - |
| Change in cash | - | -€882 | €93 | €778 | €1,882 | -€2,363 | €541 | €161,992 | ▲ 300× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-03-2026 | 2026-00052601 | |
| 31-12-2024 | micro format | 08-05-2025 | 2025-00096323 | |
| 31-12-2023 | micro format | 23-05-2024 | 2024-00100112 | |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00215141 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20340754 | |
| 31-12-2020 | full format | 28-07-2021 | 2021-44100151 | |
| 31-12-2019 | full format | 15-09-2020 | 2020-53200011 | |
| 31-12-2018 | full format | 17-09-2019 | 2019-64900310 | |
| 31-12-2017 | full format | 24-08-2018 | 2018-49500058 | |
| 31-12-2016 | full format | 04-07-2017 | 2017-27000035 |