ACTIVE

LEMA

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Financial year 2025 · closed on 31/12/2025

Net result

3,3 M €

+333.7% YoY

Gross margin

4,2 M €

+344.7% YoY

Equity

3,8 M €

-36.8% YoY

Workforce

0,0 ETP

What does LEMA do?

LEMA is a Private limited company incorporated in 1991. Its registered office is in Brecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.697.776

Incorporation

18/11/1991

Legal form

Private limited company

Registered office

Vaartstraat 164
2960 Brecht · FlandreSee on map

Contributed capital

186 041,88 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	4,2 M €	+345%	944,5 k €	+6.4%	887,3 k €	-8.1%	965,6 k €	+47.3%	655,6 k €	-91.3%	7,5 M €	+1860%	384,9 k €	+8.7%	354,2 k €	-6.1%	377,3 k €	+0.7%	374,7 k €	+2.4%	365,8 k €	+17.2%	312,2 k €	+4.2%	299,5 k €	+12.2%	267 k €	-12.1%	303,6 k €	+58.8%	191,2 k €	+58.8%	120,4 k €	+1.4%	118,8 k €	+3.0%	115,3 k €	-16.4%	137,9 k €
EBITDA	4,2 M €	+380%	870,6 k €	+8.1%	805,6 k €	-10.6%	900,8 k €	+52.1%	592,2 k €	-85.7%	4,1 M €	+1677%	-261,9 k €	-178%	336,3 k €	-6.9%	361,2 k €	+0.5%	359,5 k €	+2.5%	350,6 k €	+18.7%	295,5 k €	+4.2%	283,6 k €	+12.8%	251,3 k €	-1.5%	255,3 k €	+44.6%	176,5 k €	+65.7%	106,5 k €	+1.6%	104,9 k €	+2.6%	102,2 k €	-19.6%	127,1 k €
Operating result	4,1 M €	+431%	774,8 k €	+10.0%	704,1 k €	-12.1%	800,9 k €	+64.2%	487,7 k €	-87.9%	4 M €	+1293%	-336,8 k €	-261%	208,7 k €	-7.8%	226,3 k €	-7.1%	243,6 k €	+1.7%	239,5 k €	+35.8%	176,3 k €	+9.6%	160,9 k €	+25.4%	128,3 k €	+1.5%	126,4 k €	+73.6%	72,8 k €	+38.0%	52,7 k €	-21.4%	67,1 k €	+17.1%	57,3 k €	-28.5%	80,2 k €
Net result	3,3 M €	+334%	769,7 k €	+57.8%	487,9 k €	-16.5%	584,4 k €	+66.2%	351,7 k €	-88.5%	3,1 M €	+880%	-392,4 k €	-463%	108,2 k €	-6.4%	115,6 k €	-5.9%	122,9 k €	-8.5%	134,4 k €	+45.2%	92,6 k €	+2.0%	90,8 k €	+22.2%	74,3 k €	-10.6%	83,1 k €	+146%	33,8 k €	+48.6%	22,7 k €	-18.8%	28 k €	+8.3%	25,8 k €	-25.7%	34,8 k €
Balance sheet
Equity	3,8 M €	-36.8%	6,1 M €	+14.5%	5,3 M €	+10.1%	4,8 M €	+13.8%	4,2 M €	+9.1%	3,9 M €	+373%	819,6 k €	-32.4%	1,2 M €	+9.8%	1,1 M €	+11.7%	988,2 k €	+14.2%	865,2 k €	+18.4%	730,8 k €	+14.5%	638,2 k €	+10.7%	576,6 k €	+14.8%	502,2 k €	+19.8%	419,1 k €	+8.8%	385,4 k €	+6.3%	362,6 k €	+8.4%	334,7 k €	+8.4%	308,8 k €
Total assets	5,7 M €	-29.1%	8 M €	+6.2%	7,5 M €	+38.5%	5,4 M €	+5.9%	5,1 M €	-4.3%	5,4 M €	-19.9%	6,7 M €	+225%	2,1 M €	+0.2%	2,1 M €	+2.3%	2 M €	+3.7%	1,9 M €	+15.5%	1,7 M €	+1.3%	1,7 M €	+5.8%	1,6 M €	-11.7%	1,8 M €	+3.6%	1,7 M €	+80.5%	947,5 k €	+1.6%	932,9 k €	-4.8%	979,8 k €	-6.7%	1,1 M €
Cash	781,9 k €	-28.2%	1,1 M €	+519%	175,7 k €	-77.8%	791,9 k €	-62.2%	2,1 M €	-2.8%	2,2 M €	+2589%	80,2 k €	-88.0%	670,6 k €	-14.0%	779,7 k €	-8.8%	855,1 k €	+21.1%	705,9 k €	+56.7%	450,6 k €	+23.3%	365,4 k €	+139%	152,9 k €	-27.7%	211,6 k €	-52.9%	449,2 k €	+164%	170,1 k €	+190%	58,7 k €	-54.7%	129,4 k €	-32.3%	191,1 k €
Debts	1,3 M €	-33.4%	1,9 M €	-11.8%	2,2 M €	+263%	598,5 k €	-31.2%	869,4 k €	-40.1%	1,5 M €	-75.1%	5,8 M €	+636%	792,3 k €	-11.6%	895,9 k €	-7.2%	965,4 k €	-6.0%	1 M €	+12.8%	910,5 k €	-7.5%	984,8 k €	+2.6%	960 k €	-24.4%	1,3 M €	+0.6%	1,3 M €	+135%	537 k €	-1.9%	547,2 k €	-12.8%	627,2 k €	-13.4%	724 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

Geert Lenaerts

Director

Active

Leo Lenaerts

Director

Active

Ended mandates

Leo Lenaerts

Director · since 21 mars 2022

Ended

Leo Lenaerts

Director · since 21 mars 2018

Ended

Leo Lenaerts

Manager · since 21 mars 2018

Ended

KORENBLOK

Director · since 27 mai 2005 · until 27 mai 2011 · 0445.070.048

Represented by Chris Lenaerts

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/03/2026	28/05/2025	24/06/2024	13/06/2023	23/06/2022	25/06/2021
General meeting	13/03/2026	23/05/2025	24/05/2024	26/05/2023	27/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/03/2026	27/03/2026	Dutch	PDF
Abridged model	31/12/2024	23/05/2025	28/05/2025	Dutch	PDF
Abridged model	31/12/2023	24/05/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	13/06/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	23/06/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	25/06/2021	Dutch	PDF
Micro model	31/12/2019	22/05/2020	15/06/2020	Dutch	PDF
Micro model	31/12/2018	24/05/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	27/07/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	22/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	23/05/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	24/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	12/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	18/08/2010	Dutch	PDF
Abridged model	31/12/2008	22/05/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	23/05/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	23/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

Geert Lenaerts

Director

Active

Leo Lenaerts

Director

Active

Ended mandates

Leo Lenaerts

Director · since 21 mars 2022

Ended

Leo Lenaerts

Director · since 21 mars 2018

Ended

Leo Lenaerts

Manager · since 21 mars 2018

Ended

KORENBLOK

Director · since 27 mai 2005 · until 27 mai 2011 · 0445.070.048

Represented by Chris Lenaerts

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring24/10/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/08/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates24/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2018
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates17/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/08/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/02/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20253,3 M €↑
2024
Annual accounts 2024769,7 k €↑
2023
Annual accounts 2023487,9 k €↓
2022
Annual accounts 2022584,4 k €↑
2021
Annual accounts 2021351,7 k €↓
2020
Annual accounts 20203,1 M €↑
2019
Annual accounts 2019-392,4 k €↓
2018
Annual accounts 2018108,2 k €↓
2017
Annual accounts 2017115,6 k €↓
2016
Annual accounts 2016122,9 k €↓
2015
Annual accounts 2015134,4 k €↑
2014
Annual accounts 201492,6 k €↑
2013
Annual accounts 201390,8 k €↑
2012
Annual accounts 201274,3 k €↓
2011
Annual accounts 201183,1 k €↑
2010
Annual accounts 201033,8 k €↑
2009
Annual accounts 200922,7 k €↓
2008
Annual accounts 200828 k €↑
2007
Annual accounts 200725,8 k €↓
2006
Annual accounts 200634,8 k €
18/11/1991
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LEMA

Overview

What does LEMA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline