ACTIVE

LEMAX

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Financial year 2025 · closed on 31/12/2025

Net result

-10,5 k €

+74.4% YoY

Gross margin

27,3 k €

+527.7% YoY

Equity

230,5 k €

-4.4% YoY

What does LEMAX do?

LEMAX is a Public limited company incorporated in 1995. Its registered office is in Grobbendonk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.904.444

Incorporation

21/12/1995

Legal form

Public limited company

Registered office

Jagersdreef 8
2280 Grobbendonk · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	27,3 k €	+528%	4,3 k €	-97.9%	210,4 k €	+374%	44,4 k €	-10.6%	49,7 k €	-0.6%	49,9 k €	-11.2%	56,2 k €	+9.2%	51,5 k €	+84.0%	28 k €	-50.3%	56,3 k €	+26.4%	44,5 k €	-27.8%	61,7 k €	-46.9%	116,1 k €	+34.9%	86 k €	+44.2%	59,6 k €	-15.3%	70,4 k €	+2.8%	68,5 k €	-0.9%	69,1 k €	+25.7%	55 k €	+2.3%	53,8 k €
EBITDA	17,9 k €	+343%	-7,4 k €	-104%	200,5 k €	+415%	39 k €	-10.5%	43,5 k €	+7.3%	40,6 k €	-19.4%	50,3 k €	+8.5%	46,4 k €	+104%	22,8 k €	-46.8%	42,8 k €	+10.8%	38,6 k €	-31.5%	56,4 k €	-49.4%	111,4 k €	+36.7%	81,5 k €	+46.9%	55,5 k €	-16.4%	66,3 k €	+2.2%	64,9 k €	-0.9%	65,5 k €	+26.8%	51,6 k €	+5.5%	48,9 k €
Operating result	-11,8 k €	+67.9%	-36,8 k €	-121%	178 k €	+629%	24,4 k €	-15.9%	29 k €	+8.6%	26,7 k €	-27.1%	36,7 k €	+13.9%	32,2 k €	+345%	7,2 k €	-78.1%	33,1 k €	+11.9%	29,5 k €	-37.1%	47 k €	-53.6%	101,4 k €	+44.3%	70,2 k €	+60.5%	43,8 k €	-11.0%	49,2 k €	+1.1%	48,6 k €	-1.1%	49,2 k €	+38.1%	35,6 k €	+17.9%	30,2 k €
Net result	-10,5 k €	+74.4%	-41,3 k €	-135%	118,3 k €	+719%	14,4 k €	-23.1%	18,8 k €	+7.8%	17,4 k €	-30.2%	24,9 k €	+18.6%	21 k €	+618%	2,9 k €	-86.1%	21 k €	+32.7%	15,8 k €	-48.5%	30,8 k €	-52.0%	64,2 k €	+26.9%	50,6 k €	+69.1%	29,9 k €	-9.2%	32,9 k €	+3.3%	31,9 k €	+16.8%	27,3 k €	+25.9%	21,7 k €	+37.5%	15,8 k €
Balance sheet
Equity	230,5 k €	-4.4%	241 k €	-25.7%	324,3 k €	-5.9%	344,6 k €	-1.6%	350,2 k €	+5.7%	331,4 k €	-11.4%	374 k €	+7.1%	349,1 k €	+6.4%	328 k €	+0.9%	325,1 k €	+6.9%	304,1 k €	-3.3%	314,3 k €	+117%	144,9 k €	-45.3%	264,8 k €	+19.1%	222,3 k €	+10.9%	200,4 k €	+14.2%	175,6 k €	-9.4%	193,7 k €	+16.4%	166,4 k €	+15.0%	144,7 k €
Total assets	450,9 k €	-5.6%	477,5 k €	-17.3%	577,4 k €	+30.2%	443,5 k €	-1.5%	450,1 k €	-5.3%	475,1 k €	+11.5%	426,1 k €	+6.0%	402 k €	+3.4%	388,9 k €	-5.2%	410,5 k €	+5.6%	388,6 k €	-2.9%	400,1 k €	-10.8%	448,3 k €	+11.7%	401,4 k €	+13.8%	352,7 k €	+3.5%	340,9 k €	-3.9%	354,6 k €	+4.1%	340,6 k €	-2.0%	347,4 k €	-3.7%	360,9 k €
Cash	65,4 k €	-14.6%	76,6 k €	-49.0%	150,4 k €	-0.4%	151 k €	+1.0%	149,5 k €	-0.7%	150,5 k €	+7.4%	140,1 k €	+16.3%	120,5 k €	+8.0%	111,5 k €	-3.8%	115,9 k €	-22.8%	150,1 k €	+5.8%	141,9 k €	+0.0%	141,9 k €	+78.4%	79,5 k €	+604%	11,3 k €	-50.7%	22,9 k €	-34.9%	35,2 k €	+385%	7,3 k €	+182409%	4 €	-99.3%	571,8 €
Debts	215,4 k €	-7.0%	231,6 k €	-7.0%	249,1 k €	+160%	95,7 k €	-0.3%	96 k €	-31.3%	139,7 k €	+186%	48,9 k €	-0.3%	49 k €	-15.0%	57,6 k €	-32.4%	85,3 k €	+0.9%	84,5 k €	+2.4%	82,6 k €	-72.5%	300,1 k €	+120%	136,7 k €	+7.0%	127,7 k €	-6.9%	137,2 k €	-22.0%	175,8 k €	+22.4%	143,7 k €	-19.4%	178,1 k €	-16.3%	212,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Daniel Suarez Panasco

Director · since 05 mai 2025 · until 06 mai 2031

Active

Philippe Leemans

Managing director · since 05 mai 2025 · until 06 mai 2031

Active

Ended mandates

Philippe Leemans

Managing director · since 14 novembre 2023 · until 07 mai 2029

Ended

Daniel Suarez Panasco

Director · since 06 mai 2019 · until 14 novembre 2023

Ended

Daniel Suarez Panasco

Director · since 06 mai 2019 · until 05 mai 2025

Ended

Daniel Suarez Penasco

Director · since 06 mai 2019 · until 05 mai 2025

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	07/05/2026	16/05/2025	08/05/2024	05/05/2023	05/05/2022	11/05/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021
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
Micro model	31/12/2025	04/05/2026	07/05/2026	Dutch	PDF
Micro model	31/12/2024	05/05/2025	16/05/2025	Dutch	PDF
Micro model	31/12/2023	06/05/2024	08/05/2024	Dutch	PDF
Micro model	31/12/2022	02/05/2023	05/05/2023	Dutch	PDF
Micro model	31/12/2021	02/05/2022	05/05/2022	Dutch	PDF
Micro model	31/12/2020	03/05/2021	11/05/2021	Dutch	PDF
Micro model	31/12/2019	04/05/2020	20/05/2020	Dutch	PDF
Micro model	31/12/2018	06/05/2019	06/06/2019	Dutch	PDF
Micro model	31/12/2017	07/05/2018	23/05/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	05/05/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	26/05/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	13/05/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	08/05/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	14/05/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	11/05/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	12/05/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	12/05/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	28/05/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	08/05/2008	Dutch	PDF
Abridged model	31/12/2006	05/05/2007	22/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 11 ended

Active mandates

Daniel Suarez Panasco

Director · since 05 mai 2025 · until 06 mai 2031

Active

Philippe Leemans

Managing director · since 05 mai 2025 · until 06 mai 2031

Active

Ended mandates

Philippe Leemans

Managing director · since 14 novembre 2023 · until 07 mai 2029

Ended

Daniel Suarez Panasco

Director · since 06 mai 2019 · until 14 novembre 2023

Ended

Daniel Suarez Panasco

Director · since 06 mai 2019 · until 05 mai 2025

Ended

Daniel Suarez Penasco

Director · since 06 mai 2019 · until 05 mai 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates03/08/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2008
ONTSLAGEN - BENOEMINGEN
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 2025-10,5 k €↑
2024
Annual accounts 2024-41,3 k €↓
2023
Annual accounts 2023118,3 k €↑
2022
Annual accounts 202214,4 k €↓
2021
Annual accounts 202118,8 k €↑
2020
Annual accounts 202017,4 k €↓
2019
Annual accounts 201924,9 k €↑
2018
Annual accounts 201821 k €↑
2017
Annual accounts 20172,9 k €↓
2016
Annual accounts 201621 k €↑
2015
Annual accounts 201515,8 k €↓
2014
Annual accounts 201430,8 k €↓
2013
Annual accounts 201364,2 k €↑
2012
Annual accounts 201250,6 k €↑
2011
Annual accounts 201129,9 k €↓
2010
Annual accounts 201032,9 k €↑
2009
Annual accounts 200931,9 k €↑
2008
Annual accounts 200827,3 k €↑
2007
Annual accounts 200721,7 k €↑
2006
Annual accounts 200615,8 k €
21/12/1995
IncorporationPublic 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

LEMAX

Overview

What does LEMAX do?

Trend over 20 financial years

Indicative valuation

Board of directors

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