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MAISON LEM

Active
Private limited companyfounded 20179 yrs activePlace Coronmeuse 26, 4040 Herstal, BelgiumKBO/BCE: BE 0674.922.139
Summary

The computed 12-month bankruptcy probability of MAISON LEM is 1.5% (moderate). The 2025 annual accounts show equity of €68,377 and a net result of -€592. Equity is shrinking by ~12.5% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability79▲+23
Solvency53▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
28.2%
Return on assets
-0.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€592
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 23-07-2026, 8 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
8 d early
2024
22 d early
2023
31 d late
2022
69 d late
2021
3 d early
2020
29 d late
2019
101 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 28 days after 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 28 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MAISON LEM was incorporated on 28 April 2017.1 Total assets fell from EUR 430,608 in 2018 to EUR 242,813 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€300
2018 · €0
EBIT margin
850.7%
Net result
-€592▲ 94.7%
2024 · -€11,231
Working capital
-€1,701▲ 79.4%
2024 · -€8,240
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€300
Operating result-€37,554▼ 29.8%-€32,006▲ 14.8%-€25,877▲ 19.1%-€7,628▲ 70.5%€2,552
Net result-€41,797▼ 12.4%-€36,040▲ 13.8%-€29,565▲ 18.0%-€11,231▲ 62.0%-€592▲ 94.7%
EBIT margin850.7%
Equity€103,805▼ 28.7%€83,515▼ 19.5%€80,199▼ 4.0%€68,968▼ 14.0%€68,377▼ 0.9%
Total assets€349,152▼ 14.8%€307,853▼ 11.8%€292,931▼ 4.8%€262,919▼ 10.2%€242,813▼ 7.6%
Debt€245,347▼ 7.1%€224,339▼ 8.6%€212,732▼ 5.2%€193,951▼ 8.8%€174,436▼ 10.1%
Working capital-€20,670-€14,644▲ 29.2%-€6,388▲ 56.4%-€8,240▼ 29.0%-€1,701▲ 79.4%
Staff (FTE)1
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2021: -€37,554-€37,554Net result 2021: -€41,797-€41,797Operating result 2022: -€32,006-€32,006Net result 2022: -€36,040-€36,040Operating result 2023: -€25,877-€25,877Net result 2023: -€29,565-€29,565Operating result 2024: -€7,628-€7,628Net result 2024: -€11,231-€11,231Operating result 2025: €2,552€2,552Net result 2025: -€592-€59220212022202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€25,877Net result 2023: -€29,565-€29,600Operating result 2024: -€7,628-€7,630Net result 2024: -€11,231-€11,200Operating result 2025: €2,552€2,550Net result 2025: -€592-€592202320242025
The operating result returns to profit in 2025: €2,552 after a loss of €7,628 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242,813
Fixed assets €224,860 ▼ 9.7%
Current assets €17,953 ▲ 29.1%
Equity and liabilities €242,813
Equity €68,377 ▼ 0.9%
Debt €174,436 ▼ 10.1%
Debt's share of the balance-sheet total falls from 73.8% to 71.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€28,263▲
2024 · €18,495
Cash flow
€25,119▲
2024 · €14,893
Current ratio
0.91▲
2024 · 0.63
Debt to equity
2.55▼
2024 · 2.81
ROE
-0.9%▲
2024 · -16.3%
ROA
-0.2%▲
2024 · -4.3%
Interest coverage
8.99▲
2024 · 5.13
Debt ≤ 1 year
€19,653▼
2024 · €22,149
Debt > 1 year
€154,782▼
2024 · €171,802
Staff costs
€1,216▼
2024 · €1,963
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss
4.3% went bankrupt
3.9% stopped otherwise
91% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,548 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€262,919€242,813▼
Fixed assets21/28€249,011€224,860▼
Tangible fixed assets22/27€248,831€224,330▼
Land and buildings22€205,500€192,000▼
Plant, machinery and equipment23€43,331€32,330▼
Financial fixed assets28€180€530▲
Current assets29/58€13,909€17,953▲
Cash at bank and in hand54/58€13,732€17,776▲
Deferred charges and accrued income490/1€177€177=
Equity and liabilities
Total equity and liabilities10/49€262,919€242,813▼
Equity10/15€68,968€68,377▼
Contributions10/11€299,750€299,750=
Profit (loss) carried forward14-€230,782-€231,373▼
Amounts payable17/49€193,951€174,436▼
Amounts payable after more than one year17€171,802€154,782▼
Financial debts170/4€171,802€154,782▼
Amounts payable within one year42/48€22,149€19,653▼
Current portion of amounts payable after more than one year42€16,745€17,020▲
Trade debts44€3,311€340▼
Suppliers440/4€3,311€340▼
Taxes, remuneration and social security45€113-
Remuneration and social security454/9€113-
Other amounts payable47/48€1,980€2,294▲
Income statement Code20242025
Turnover70-€300
Goods, raw materials, services and sundry goods60/61-€13,387
Remuneration, social security and pensions62€1,963€1,216▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,124€25,711▼
Other operating charges640/8€2,542€2,729▲
Gross operating margin9900€23,001€32,208▲
Operating profit (loss)9901-€7,628€2,552▲
Financial charges65/66B€3,603€3,144▼
Recurring financial charges65€3,603€3,144▼
Profit (loss) for the period before taxes9903-€11,231-€592▲
Profit (loss) for the period9904-€11,231-€592▲
Profit (loss) for the period to be appropriated9905-€11,231-€592▲
Appropriation of the result
Profit (loss) to be appropriated9906-€230,782-€231,373▼
Profit (loss) brought forward from the previous period14P-€219,551-€230,782▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70----€300-
Goods, raw materials, services and sundry goods60/61€12,401-€13,921-€13,387-
Remuneration, social security and pensions62€2,103€1,856€1,903€1,963€1,216▼ 38.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40,217€42,525€28,046€26,124€25,711▼ 1.6%
Other operating charges640/8€2,416€1,958€2,745€2,542€2,729▲ 7.4%
Gross operating margin9900€7,181€14,333€6,817€23,001€32,208▲ 40.0%
Operating profit (loss)9901-€37,554-€32,006-€25,877-€7,628€2,552▲ 133%
Financial income75/76B--€0---
Recurring financial income75--€0---
Financial charges65/66B€4,243€4,035€3,689€3,603€3,144▼ 12.7%
Recurring financial charges65€4,243€4,035€3,689€3,603€3,144▼ 12.7%
Profit (loss) for the period before taxes9903-€41,797-€36,040-€29,565-€11,231-€592▲ 94.7%
Profit (loss) for the period9904-€41,797-€36,040-€29,565-€11,231-€592▲ 94.7%
Profit (loss) for the period to be appropriated9905-€41,797-€36,040-€29,565-€11,231-€592▲ 94.7%
Line20212022202320242025Change
Assets
Total assets20/58€349,152€307,853€292,931€262,919€242,813▼ 7.6%
Fixed assets21/28€345,704€303,180€275,134€249,011€224,860▼ 9.7%
Tangible fixed assets22/27€345,524€303,000€274,954€248,831€224,330▼ 9.8%
Land and buildings22€253,574€232,500€219,000€205,500€192,000▼ 6.6%
Plant, machinery and equipment23€83,771€69,732€55,693€43,331€32,330▼ 25.4%
Furniture and vehicles24€8,180€768€261---
Financial fixed assets28€180€180€180€180€530▲ 194%
Current assets29/58€3,447€4,673€17,797€13,909€17,953▲ 29.1%
Cash at bank and in hand54/58€3,447€4,673€17,797€13,732€17,776▲ 29.4%
Deferred charges and accrued income490/1---€177€177=
Equity and liabilities
Total equity and liabilities10/49€349,152€307,853€292,931€262,919€242,813▼ 7.6%
Equity10/15€103,805€83,515€80,199€68,968€68,377▼ 0.9%
Contributions10/11€257,750€273,500€299,750€299,750€299,750=
Outside capital11€257,750-----
Other1109/19€257,750-----
Profit (loss) carried forward14-€153,945-€189,986-€219,551-€230,782-€231,373▼ 0.3%
Amounts payable17/49€245,347€224,339€212,732€193,951€174,436▼ 10.1%
Amounts payable after more than one year17€221,230€205,021€188,547€171,802€154,782▼ 9.9%
Financial debts170/4€221,230€205,021€188,547€171,802€154,782▼ 9.9%
Amounts payable within one year42/48€24,117€19,317€24,185€22,149€19,653▼ 11.3%
Current portion of amounts payable after more than one year42€18,070€16,208€16,474€16,745€17,020▲ 1.6%
Trade debts44€3,740€748€5,387€3,311€340▼ 89.7%
Suppliers440/4€3,740€748€5,387€3,311€340▼ 89.7%
Taxes, remuneration and social security45€79€132€95€113--
Remuneration and social security454/9€79€132€95€113--
Other amounts payable47/48€2,229€2,229€2,229€1,980€2,294▲ 15.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€41,797-€36,040-€29,565-€11,231-€592▲ 94.7%
+ Depreciation and write-downs630€40,217€42,525€28,046€26,124€25,711▼ 1.6%
Operating cash flow (approximation)-€1,580€6,484-€1,520€14,893€25,119▲ 68.7%
Investment in fixed assets (approximation)-€0€0€0-€1,560-
Change in cash-€1,226€13,123-€4,065€4,044▲ 199%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
08-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
28-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
29-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 29 days late
2020
09-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 101 days late
2019
31-12
Financial Liquidity times 9current ratio 2.59
Current ratio from 0.28 to 2.59.
31-12
Financial Equity above €150,000Eq €182,800 ▲35.6%
Equity rises from €134,835 to €182,800.
30-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
218 m²
Building footprint
131 m²
Parcel 62313E0013/00C000, Wallonia. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
COOPERACTIVE
Place Coronmeuse 26, 4040 HerstalReal estate activities
since 20172.278.802.786
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62313E0013/00C000 Wallonia 218 m² 1 · 131 m² -
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.

Company details

Identification
Legal formPrivate limited company
Founded28-04-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.