LIEMO
ActiveSummary
LIEMO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €72,837. Equity remains stable across the filed fiscal years (±2% per year). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 34.26 against 37.96 in 2024; short-term debt: 1.2% and cash: 35.5% of total assets), and 1.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
98.8%
Return on assets
4.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
3 d early
2023
49 d early
2022
3 d early
2021
51 d early
2020
22 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 June (5 of the last 5 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.6m▲ 4.7%
2024 · €1.5m
Total assets
€1.6m▲ 4.9%
2024 · €1.6m
Net result
€72,837▼ 11.3%
2024 · €82,112
Working capital
€666,800▲ 6.4%
2024 · €626,973
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51,855▲ 230%€9,514▼ 81.7%€63,189▲ 564%€107,062▲ 69.4%€88,098▼ 17.7%
Net result€45,816▲ 395%€8,862▼ 80.7%€52,721▲ 495%€82,112▲ 55.7%€72,837▼ 11.3%
Equity€1.4m▲ 3.3%€1.4m▼ 1.8%€1.5m▲ 3.7%€1.5m▲ 4.0%€1.6m▲ 4.7%
Total assets€1.5m▲ 3.2%€1.5m▼ 0.2%€1.5m▲ 0.9%€1.6m▲ 4.5%€1.6m▲ 4.9%
Debt€25,295▼ 2.9%€48,680▲ 92.5%€9,390▼ 80.7%€16,961▲ 80.6%€20,046▲ 18.2%
Working capital€587,012▼ 8.2%€451,623▼ 23.1%€520,674▲ 15.3%€626,973▲ 20.4%€666,800▲ 6.4%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€940,950 ▲ 3.6%
Current assets
€686,846 ▲ 6.7%
Equity and liabilities €1.6m
Equity
€1.6m ▲ 4.7%
Debt
€20,046 ▲ 18.2%
Debt's share of the balance-sheet total rises from 1.1% to 1.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€142,019▼
2024 · €159,884
Cash flow
€126,758▼
2024 · €134,933
Current ratio
34.26▼
2024 · 37.96
Debt to equity
0.01▲
2024 · 0.01
ROE
4.5%▼
2024 · 5.3%
ROA
4.5%▼
2024 · 5.3%
Interest coverage
199.32▼
2024 · 221.51
Debt ≤ 1 year
€20,046▲
2024 · €16,961
Income taxes
€17,170▼
2024 · €32,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 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% | 1.9% |
| 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 14,732 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 | €47,544 | €64,278 | €68,962 | €52,821 | €53,921 | ▲ 2.1% |
| Other operating charges640/8 | €22,799 | €23,656 | €24,610 | €30,164 | €27,934 | ▼ 7.4% |
| Gross operating margin9900 | €122,198 | €97,448 | €156,761 | €190,048 | €169,952 | ▼ 10.6% |
| Operating profit (loss)9901 | €51,855 | €9,514 | €63,189 | €107,062 | €88,098 | ▼ 17.7% |
| Financial income75/76B | €1,578 | €769 | €976 | €8,289 | €2,621 | ▼ 68.4% |
| Recurring financial income75 | €1,578 | €769 | €976 | €8,289 | €2,621 | ▼ 68.4% |
| Financial charges65/66B | €386 | €563 | €626 | €722 | €713 | ▼ 1.3% |
| Recurring financial charges65 | €386 | €563 | €626 | €722 | €713 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €53,046 | €9,720 | €63,539 | €114,629 | €90,007 | ▼ 21.5% |
| Income taxes67/77 | €7,230 | €858 | €10,818 | €32,518 | €17,170 | ▼ 47.2% |
| Profit (loss) for the period9904 | €45,816 | €8,862 | €52,721 | €82,112 | €72,837 | ▼ 11.3% |
| Profit (loss) for the period to be appropriated9905 | €45,816 | €8,862 | €52,721 | €82,112 | €72,837 | ▼ 11.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.6m | €1.6m | ▲ 4.9% |
| Fixed assets21/28 | €876,736 | €980,124 | €955,645 | €907,941 | €940,950 | ▲ 3.6% |
| Tangible fixed assets22/27 | €876,736 | €980,124 | €955,645 | €907,941 | €940,950 | ▲ 3.6% |
| Land and buildings22 | €876,736 | €980,124 | €955,645 | €907,941 | €940,950 | ▲ 3.6% |
| Current assets29/58 | €597,083 | €491,380 | €529,289 | €643,935 | €686,846 | ▲ 6.7% |
| Amounts receivable within one year40/41 | €3,170 | €14,183 | €32,089 | €3,631 | €108,818 | ▲ 2,897% |
| Trade receivables40 | - | - | €75 | €75 | €18 | ▼ 75.7% |
| Other amounts receivable41 | €3,170 | €14,183 | €32,014 | €3,557 | €108,800 | ▲ 2,959% |
| Current investments50/53 | - | - | - | €250,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €584,836 | €477,196 | €486,960 | €389,533 | €578,028 | ▲ 48.4% |
| Deferred charges and accrued income490/1 | €9,077 | €0 | €10,240 | €771 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.6m | €1.6m | ▲ 4.9% |
| Equity10/15 | €1.4m | €1.4m | €1.5m | €1.5m | €1.6m | ▲ 4.7% |
| Contributions10/11 | €605,000 | €605,000 | €605,000 | €605,000 | €605,000 | = |
| Capital10 | €605,000 | €605,000 | €605,000 | €605,000 | €605,000 | = |
| Issued capital100 | €605,000 | €605,000 | €605,000 | €605,000 | €605,000 | = |
| Reserves13 | €291,021 | €265,320 | €318,040 | €377,411 | €377,411 | = |
| Non-distributable reserves130/1 | €60,500 | €60,500 | €60,500 | €60,500 | €60,500 | = |
| Legal reserve130 | €60,500 | €60,500 | €60,500 | €60,500 | €60,500 | = |
| Distributable reserves133 | €230,521 | €204,820 | €257,540 | €316,911 | €316,911 | = |
| Profit (loss) carried forward14 | €552,504 | €552,504 | €552,504 | €552,504 | €625,340 | ▲ 13.2% |
| Amounts payable17/49 | €25,295 | €48,680 | €9,390 | €16,961 | €20,046 | ▲ 18.2% |
| Amounts payable after more than one year17 | €6,300 | €0 | - | - | - | - |
| Other amounts payable178/9 | €6,300 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €10,071 | €39,756 | €8,615 | €16,961 | €20,046 | ▲ 18.2% |
| Trade debts44 | €2,839 | €4,307 | €2,963 | €968 | €3,051 | ▲ 215% |
| Suppliers440/4 | €2,839 | €4,307 | €2,963 | €968 | €3,051 | ▲ 215% |
| Taxes, remuneration and social security45 | €7,232 | €886 | €5,272 | €15,994 | €16,995 | ▲ 6.3% |
| Taxes450/3 | €7,232 | €886 | €5,272 | €15,994 | €16,995 | ▲ 6.3% |
| Other amounts payable47/48 | €0 | €34,563 | €380 | €0 | - | - |
| Accrued charges and deferred income492/3 | €8,924 | €8,924 | €775 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,816 | €8,862 | €52,721 | €82,112 | €72,837 | ▼ 11.3% |
| + Depreciation and write-downs630 | €47,544 | €64,278 | €68,962 | €52,821 | €53,921 | ▲ 2.1% |
| Operating cash flow (approximation) | €93,360 | €73,141 | €121,683 | €134,933 | €126,758 | ▼ 6.1% |
| Investment in fixed assets (approximation) | - | -€167,666 | -€44,483 | -€5,117 | -€86,931 | ▼ 1,599% |
| Change in cash | - | -€107,640 | €9,764 | -€97,427 | €188,495 | ▲ 293% |
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
15-06
State Gazette act
Resignation: LIEVENS Hilde (director)Capital decrease · Capital · Statutes amendment8 facts ▸
State Gazette act
Resignation: LIEVENS Hilde (director)
Capital decrease · Capital · Statutes amendment8 facts ▸
- General meeting, buitengewone algemene vergadering van de aandeelhouders
- Capital decrease
- Capital, €355.751,54
- Statutes amendment, 5
- Reserve release, beschikbare reserves
- General meeting, bevestiging voor zover als nodig, vergadering
- Director resignation, LIEVENS Hilde (director)
- Other statement, bestuurder, bestuurdersbezoldiging
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €82,112 ▲55.7%
Operating result €107,062, net result €82,112, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 5current ratio 61.44
Current ratio from 12.36 to 61.44; short-term debt falls from €39,756 to €8,615.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €8,862 ▼80.7%
Net result drops to €8,862, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 59.74
Current ratio from 18.73 to 59.74; short-term debt falls from €29,347 to €10,263.
Show earlier events
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Geel · 1 establishment unit since 1989
Ground area
619 m²
Building footprint
236 m²
Volume, LiDAR
1,597 m³
Parcel 13008H0453/00B002, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Nieuwstraat 21, 2440 Geel
since 19892.042.171.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008H0453/00B002 | Flanders | 619 m² | 1 · 236 m² | 10.6 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.
Mandate history
1 person since 2025, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LIEVENS Hilde |
|
Articles of association
Capital
€355.751,54
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Capital over the years
- 15-06-2026 Capital stated in the act · 355,751.54 EUR
Identification & contact
Identification
Legal formPublic limited company
Founded31-01-1989
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436687367
Registered
27-03-2026
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.