LEMA
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 09-08-2022, 9 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
9 d late
2020
5 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€42.27M▲ 2.6%
2020 · €41.20M
2018: €30.51M
2019: €35.71M
2020: €41.20M
2018 → 2021
Total assets
€56.45M▲ 8.9%
2020 · €51.85M
2018: €41.64M
2019: €45.34M
2020: €51.85M
2018 → 2021
Net result
€5.49M▼ 1.6%
2020 · €5.58M
2018: €4.51M
2019: €5.26M
2020: €5.58M
2018 → 2021
Working capital
€24.94M▼ 1.3%
2020 · €25.27M
2018: €18.21M
2019: €21.82M
2020: €25.27M
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€30.51M-€35.71M▲ 17.1%€41.20M▲ 15.4%€42.27M▲ 2.6%
Operating result€-327k-€-15k▲ 95.5%€2k€-26k
Net result€4.51M-€5.26M▲ 16.7%€5.58M▲ 6.1%€5.49M▼ 1.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €26k after €2k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €56.45M
Fixed assets
€22.18M▲ 2.3%
Current assets
€34.27M▲ 13.6%
Equity and liabilities €56.45M
Equity
€42.27M▲ 2.6%
Provisions
€36k▼ 12.5%
Debt
€14.15M▲ 33.4%
The debt ratio rises from 20.5% to 25.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€394k▼
2020 · €439k
Cash flow
€5.91M▼
2020 · €6.02M
Solvency
74.9%▼
2020 · 79.5%
Current ratio
3.67▼
2020 · 6.16
Quick ratio
3.67▼
2020 · 6.16
Debt / equity
0.33▲
2020 · 0.14
ROE
13.0%▼
2020 · 13.5%
ROA
9.7%▼
2020 · 10.8%
Interest coverage
3.85
Debt
€14.15M▲
2020 · €10.60M
Debt ≤ 1 year
€9.33M▲
2020 · €4.90M
Debt > 1 year
€4.72M▼
2020 · €5.64M
Income taxes
€638k▲
2020 · €583k
Staff costs
€70k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€51.85M€56.45M▲
Fixed assets21/28€21.68M€22.18M▲
Intangible fixed assets21€95k€85k▼
Tangible fixed assets22/27€16.86M€17.37M▲
Land and buildings22-€10.77M
Furniture and vehicles24-€6.60M
Financial fixed assets28€4.72M€4.72M=
Current assets29/58€30.17M€34.27M▲
Stocks and contracts in progress3-€25k
Stocks30/36-€25k
Amounts receivable within one year40/41€22.39M€25.21M▲
Trade receivables40-€33k
Other amounts receivable41-€25.18M
Current investments50/53€7.45M€8.54M▲
Cash at bank and in hand54/58€321k€461k▲
Deferred charges and accrued income490/1-€30k
Equity and liabilities
Total equity and liabilities10/49€51.85M€56.45M▲
Equity10/15€41.20M€42.27M▲
Contributions10/11€1.88M€1.88M=
Capital10-€1.88M
Issued capital100-€1.88M
Reserves13€28.97M€30.03M▲
Non-distributable reserves130/1-€188k
Legal reserve130-€188k
Tax-exempt reserves132-€70k
Distributable reserves133-€29.77M
Profit (loss) carried forward14€10.36M€10.36M=
Provisions and deferred taxes16€41k€36k▼
Provisions for liabilities and charges160/5-€36k
Other liabilities and charges164/5-€36k
Amounts payable17/49€10.60M€14.15M▲
Amounts payable after more than one year17€5.64M€4.72M▼
Financial debts170/4-€4.72M
Amounts payable within one year42/48€4.90M€9.33M▲
Current portion of amounts payable after more than one year42-€1.20M
Trade debts44€39k€39k▼
Suppliers440/4-€39k
Taxes, remuneration and social security45-€1.07M
Taxes450/3-€1.07M
Remuneration and social security454/9-€2k
Other amounts payable47/48-€7.02M
Accrued charges and deferred income492/3-€105k
Income statement
Code20202021
Remuneration, social security and pensions62-€70k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€437k€419k▼
Other operating charges640/8-€131k
Gross operating margin9900€652k€594k▼
Operating profit (loss)9901€2k€-26k▼
Financial income75/76B-€6.25M
Recurring financial income75€6.27M€6.25M▼
Financial charges65/66B-€102k
Recurring financial charges65€117k€102k▼
Profit (loss) for the period before taxes9903€6.16M€6.12M▼
Transfer from deferred taxes780-€5k
Income taxes67/77€583k€638k▲
Profit (loss) for the period9904€5.58M€5.49M▼
Transfer from tax-exempt reserves789-€10k
Profit (loss) for the period to be appropriated9905€5.59M€5.50M▼
Appropriation of the result
Profit (loss) to be appropriated9906-€15.86M
Profit (loss) brought forward from the previous period14P-€10.36M
Transfer from equity791/2-€4.43M
Transfer to equity691/2-€5.50M
To other reserves6921-€5.50M
Profit to be distributed694/7-€4.43M
Return on contributions (dividend)694-€4.43M
Social balance
Average headcount (FTE)9087-0.8
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
30-05
State Gazette act
General meeting · Statutes amendment
Power of attorney · Director appointment
31-01
State Gazette act
Director resignation · Director appointment
Permanent representative · Mandate expiration
23-01
State Gazette act
Director resignation · Director appointment
Permanent representative
18-01
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
10-01
State Gazette act
Director resignation · Director appointment
Permanent representative
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
29-07
State Gazette act
Director resignation · Director appointment
Permanent representative
08-07
State Gazette act
General meeting · Demerger
Dissolution · Accounting effect · Frank Muller
27-04
State Gazette act
Demerger · Accounting effect
Real estate · Condition precedent
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
31-12
Financial
Highest result since 2018net €5.58M ▲6.1%
Operating result €2k, net result €5.58M, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
20-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 20 days late
2014
07-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 7 days late
2013
21-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 21 days late
2012
06-08
State Gazette act
General meeting · Director appointment
Permanent representative
2010
10-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Connections & network
9 connected companiesNetwork connections
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Ownership & control
1 partyLEMABE 0463.212.513
controls
Where this company holds controlthis company sits on their board1
2 locations
Acquisitions and mergers
2 transactionsContributed a business line to:LEMA
Contributed a business line to:MOOR 55 BV
Recognitions · licences · registrations
Legal Entity Identifier
549300T89R6W6ADPFH48