LIEMER
ActiveSummary
LIEMER has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190,856 and a net result of €80,153. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 34% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89=
Solvency63▼-37
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 4.02 in 2024; short-term debt: 61.4% and cash: 35.7% of total assets), and 61.7% of the assets are financed with debt.
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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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
38.3%
Return on assets
16.1%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-12-2025, 131 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
131 d early
2024
40 d early
2023
102 d early
2022
112 d early
2021
116 d early
2020
49 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 84 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 8 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€190,856▼ 47.1%
2024 · €360,703
Total assets
€498,267▲ 9.6%
2024 · €454,635
Net result
€80,153▲ 6.3%
2024 · €75,391
Working capital
€85,605▼ 69.5%
2024 · €281,020
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€92,126▲ 3.9%€122,120▲ 32.6%€94,866▼ 22.3%€94,275▼ 0.6%€92,502▼ 1.9%
Net result€75,703above the sector's middle half▼ 1.4%€95,868above the sector's middle half▲ 26.6%€67,896within the sector's middle half▼ 29.2%€75,391within the sector's middle half▲ 11.0%€80,153within the sector's middle half▲ 6.3%
Equity€326,548above the sector's middle half▼ 18.5%€272,416above the sector's middle half▼ 16.6%€340,312above the sector's middle half▲ 24.9%€360,703above the sector's middle half▲ 6.0%€190,856within the sector's middle half▼ 47.1%
Total assets€510,484above the sector's middle half▲ 18.8%€519,382above the sector's middle half▲ 1.7%€381,251within the sector's middle half▼ 26.6%€454,635within the sector's middle half▲ 19.2%€498,267above the sector's middle half▲ 9.6%
Debt€183,935▲ 540%€246,966▲ 34.3%€40,939▼ 83.4%€93,932▲ 129%€307,411▲ 227%
Working capital€280,146above the sector's middle half▼ 20.7%€164,723within the sector's middle half▼ 41.2%€246,749above the sector's middle half▲ 49.8%€281,020above the sector's middle half▲ 13.9%€85,605within the sector's middle half▼ 69.5%
Solvency64.0%within the sector's middle half▼ 29.3pp52.5%within the sector's middle half▼ 11.5pp89.3%above the sector's middle half▲ 36.8pp79.3%above the sector's middle half▼ 9.9pp38.3%within the sector's middle half▼ 41.0pp
Current ratio2.55within the sector's middle half▼ 12.001.68within the sector's middle half▼ 0.887.53above the sector's middle half▲ 5.864.02within the sector's middle half▼ 3.521.28within the sector's middle half▼ 2.74
Return on assets (ROA)14.8%within the sector's middle half▼ 3.0pp18.5%within the sector's middle half▲ 3.6pp17.8%within the sector's middle half▼ 0.6pp16.6%within the sector's middle half▼ 1.2pp16.1%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €498,267
Fixed assets
€106,580 ▲ 32.4%
Current assets
€391,687 ▲ 4.7%
Equity and liabilities €498,267
Equity
€190,856 ▼ 47.1%
Debt
€307,411 ▲ 227%
Debt's share of the balance-sheet total rises from 20.7% to 61.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€111,430▲
2024 · €110,534
Cash flow
€99,082▲
2024 · €91,650
Debt to equity
1.61▲
2024 · 0.26
ROE
42.0%▲
2024 · 20.9%
Interest coverage
71.14▼
2024 · 102.57
Debt ≤ 1 year
€306,081▲
2024 · €93,138
Income taxes
€24,327▲
2024 · €21,966
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,643 | €16,259 | €16,259 | €18,928 | ▲ 16.4% |
| Other operating charges640/8 | - | €2,069 | €1,593 | €2,394 | €1,512 | ▼ 36.9% |
| Gross operating margin9900 | €93,121 | €126,832 | €112,717 | €112,928 | €112,942 | = |
| Operating profit (loss)9901 | €92,126 | €122,120 | €94,866 | €94,275 | €92,502 | ▼ 1.9% |
| Financial income75/76B | - | €5,057 | €2,751 | €4,160 | €13,545 | ▲ 226% |
| Recurring financial income75 | €7,044 | €5,057 | €2,751 | €4,160 | €13,545 | ▲ 226% |
| Financial charges65/66B | - | €3,462 | €3,437 | €1,078 | €1,566 | ▲ 45.3% |
| Recurring financial charges65 | €1,178 | €3,462 | €3,437 | €1,078 | €1,566 | ▲ 45.3% |
| Profit (loss) for the period before taxes9903 | €97,991 | €123,715 | €94,180 | €97,357 | €104,481 | ▲ 7.3% |
| Income taxes67/77 | €22,288 | €27,847 | €26,284 | €21,966 | €24,327 | ▲ 10.7% |
| Profit (loss) for the period9904 | €75,703 | €95,868 | €67,896 | €75,391 | €80,153 | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €75,703 | €95,868 | €67,896 | €75,391 | €80,153 | ▲ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €510,484 | €519,382 | €381,251 | €454,635 | €498,267 | ▲ 9.6% |
| Fixed assets21/28 | €50,064 | €110,843 | €96,736 | €80,477 | €106,580 | ▲ 32.4% |
| Tangible fixed assets22/27 | - | €60,779 | €46,671 | €30,413 | €56,516 | ▲ 85.8% |
| Furniture and vehicles24 | - | €60,779 | €46,671 | €30,413 | €56,516 | ▲ 85.8% |
| Financial fixed assets28 | €50,064 | €50,064 | €50,064 | €50,064 | €50,064 | = |
| Current assets29/58 | €460,420 | €408,539 | €284,516 | €374,158 | €391,687 | ▲ 4.7% |
| Amounts receivable within one year40/41 | €292,890 | €135,723 | €132,718 | €146,643 | €203,712 | ▲ 38.9% |
| Trade receivables40 | - | €30,100 | €14,520 | €14,520 | €28,848 | ▲ 98.7% |
| Other amounts receivable41 | - | €105,623 | €118,198 | €132,123 | €174,865 | ▲ 32.3% |
| Current investments50/53 | - | - | - | €150,000 | - | - |
| Cash at bank and in hand54/58 | €159,425 | €266,028 | €147,723 | €70,091 | €177,838 | ▲ 154% |
| Deferred charges and accrued income490/1 | - | €6,788 | €4,075 | €7,423 | €10,136 | ▲ 36.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €510,484 | €519,382 | €381,251 | €454,635 | €498,267 | ▲ 9.6% |
| Equity10/15 | €326,548 | €272,416 | €340,312 | €360,703 | €190,856 | ▼ 47.1% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €306,548 | €252,416 | €320,312 | €340,703 | €170,856 | ▼ 49.9% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | €250,416 | €318,312 | €340,703 | €170,856 | ▼ 49.9% |
| Amounts payable17/49 | €183,935 | €246,966 | €40,939 | €93,932 | €307,411 | ▲ 227% |
| Amounts payable within one year42/48 | €180,274 | €243,816 | €37,767 | €93,138 | €306,081 | ▲ 229% |
| Trade debts44 | €6,721 | €3,493 | €8,142 | €5,989 | €7,528 | ▲ 25.7% |
| Suppliers440/4 | - | €3,493 | €8,142 | €5,989 | €7,528 | ▲ 25.7% |
| Taxes, remuneration and social security45 | - | €30,358 | €18,617 | €25,403 | €25,560 | ▲ 0.6% |
| Taxes450/3 | - | €26,658 | €18,617 | €25,403 | €25,560 | ▲ 0.6% |
| Remuneration and social security454/9 | - | €3,700 | - | - | - | - |
| Other amounts payable47/48 | - | €209,964 | €11,008 | €61,746 | €272,993 | ▲ 342% |
| Accrued charges and deferred income492/3 | - | €3,150 | €3,172 | €794 | €1,329 | ▲ 67.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,703 | €95,868 | €67,896 | €75,391 | €80,153 | ▲ 6.3% |
| + Depreciation and write-downs630 | - | €2,643 | €16,259 | €16,259 | €18,928 | ▲ 16.4% |
| Operating cash flow (approximation) | €75,703 | €98,510 | €84,155 | €91,650 | €99,082 | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | -€63,421 | -€2,151 | €0 | -€45,032 | - |
| Change in cash | - | €106,603 | -€118,305 | -€77,631 | €107,747 | ▲ 239% |
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
2025
20-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity quadruplescurrent ratio 7.53
Current ratio from 1.68 to 7.53; short-term debt falls from €243,816 to €37,767.
08-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €95,868 ▲26.6%
Operating result €122,120, net result €95,868, both a record.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity doublescurrent ratio 7.64
Current ratio from 3.81 to 7.64; short-term debt falls from €67,384 to €41,562.
10-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
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 4 acts read
About the unread acts
We know of 4 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
4 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, Nijlen · 1 establishment unit since 2014
Ground area
4,379 m²
Building footprint
421 m²
Volume, LiDAR
173 m³
Parcel 12018D0681/00C000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LIEMER
since 20142.234.844.762
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018D0681/00C000 | Flanders | 4,379 m² | 1 · 421 m² | 6.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,500 EUR | 1,500 EUR |
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Of 945 companies in sector 69203 we hold annual accounts for 662. 537 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
Founded28-08-2014
Fiscal year end30-09
Activities, NACEBEL 2025
69203Activities of company auditors
Contact
E-mail
lieve.mertens@live.beNijlen
Fax
0478/25.47.28Nijlen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0561707105
Also
9925:BE0561707105
Registered
03-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.