ACTIVE

LEMON

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Financial year 2025 · closed on 30/11/2025

Net result

12,8 k €

-22.1% YoY

Gross margin

63,9 k €

+10.0% YoY

Equity

121,4 k €

+11.8% YoY

What does LEMON do?

LEMON is a Private limited company incorporated in 1997. Its main activity is: Market research and public opinion polling. Its registered office is in Braine-l'Alleud.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.467.996

Incorporation

26/09/1997

Legal form

Private limited company

Registered office

Chaussée de Tubize 483C
1420 Braine-l'Alleud · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

30/11/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	63,9 k €	+10.0%	58 k €	-37.9%	93,6 k €	+67.5%	55,9 k €	-17.4%	67,6 k €	+14.4%	59,1 k €	+14.7%	51,6 k €	+8.0%	47,7 k €	-15.7%	56,6 k €	+19.1%	47,5 k €	+1.8%	46,7 k €	-1.7%	47,5 k €	+46.4%	32,5 k €	+0.2%	32,4 k €	-28.5%	45,3 k €	-6.1%	48,3 k €	+28.0%	37,7 k €
EBITDA	63,2 k €	+10.6%	57,1 k €	-38.1%	92,3 k €	+67.3%	55,1 k €	-17.5%	66,8 k €	+15.1%	58,1 k €	+14.5%	50,7 k €	+8.0%	47 k €	-15.8%	55,8 k €	+18.3%	47,2 k €	+2.7%	46 k €	-1.6%	46,7 k €	+45.2%	32,2 k €	+1.3%	31,8 k €	-28.6%	44,5 k €	-6.1%	47,4 k €	+27.8%	37,1 k €
Operating result	27,4 k €	-11.8%	31 k €	+35.6%	22,9 k €	+3.2%	22,2 k €	-25.4%	29,8 k €	+52.2%	19,6 k €	-22.5%	25,2 k €	+11.2%	22,7 k €	-17.4%	27,5 k €	+11.9%	24,6 k €	+3.4%	23,8 k €	-8.0%	25,8 k €	+102%	12,8 k €	-28.6%	17,9 k €	-13.5%	20,7 k €	-11.0%	23,2 k €	+53.2%	15,2 k €
Net result	12,8 k €	-22.1%	16,4 k €	+1768%	878 €	-91.1%	9,8 k €	-42.5%	17,1 k €	+139%	7,2 k €	-29.8%	10,2 k €	+25.2%	8,1 k €	-21.2%	10,3 k €	+48.9%	6,9 k €	+13.5%	6,1 k €	-35.2%	9,4 k €	+1119%	775 €	-42.3%	1,3 k €	+18.2%	1,1 k €	-34.7%	1,7 k €	-51.8%	3,6 k €
Balance sheet
Equity	121,4 k €	+11.8%	108,6 k €	+12.0%	97 k €	+0.9%	96,1 k €	+11.4%	86,3 k €	+9.0%	79,1 k €	+8.7%	72,8 k €	+7.7%	67,6 k €	+4.9%	64,5 k €	+9.0%	59,1 k €	+9.5%	54 k €	+6.1%	50,9 k €	+14.5%	44,4 k €	+1.8%	43,7 k €	+3.2%	42,3 k €	+2.8%	41,2 k €	+4.4%	39,4 k €
Total assets	316,3 k €	-12.2%	360,2 k €	+6.7%	337,5 k €	+12.0%	301,3 k €	-3.4%	311,9 k €	-1.0%	315 k €	+16.8%	269,8 k €	-7.5%	291,6 k €	-3.4%	301,9 k €	+6.5%	283,5 k €	-8.1%	308,4 k €	+16.7%	264,4 k €	-3.7%	274,5 k €	+4.8%	261,8 k €	-7.3%	282,5 k €	-4.1%	294,5 k €	-4.6%	308,7 k €
Cash	4,4 k €	-69.6%	14,6 k €	+99.1%	7,3 k €	+53.7%	4,8 k €	+14.7%	4,1 k €	-21.9%	5,3 k €	-46.0%	9,8 k €	+69.1%	5,8 k €	-36.9%	9,2 k €	+111%	4,4 k €	+206%	1,4 k €	-75.4%	5,8 k €	-15.6%	6,9 k €	+90.9%	3,6 k €	+0.4%	3,6 k €	+73.8%	2,1 k €	-84.8%	13,6 k €
Debts	194,6 k €	-22.6%	251,4 k €	+4.5%	240,6 k €	+17.2%	205,2 k €	-9.0%	225,6 k €	-4.3%	235,9 k €	+19.7%	197 k €	-12.1%	224 k €	-5.7%	237,4 k €	+5.8%	224,3 k €	-11.8%	254,5 k €	+19.2%	213,5 k €	-7.2%	230,1 k €	+5.5%	218,2 k €	-9.2%	240,2 k €	-5.2%	253,4 k €	-5.9%	269,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 1 ended

Active mandates

Philippe Elebaut

Director

Active

Ended mandates

Philippe Elebaut

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/12/2024	01/12/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	23 months	12 months	12 months	12 months
Filing date	30/06/2026	26/06/2025	28/06/2024	24/08/2022	11/08/2021	16/09/2020
General meeting	19/06/2026	25/06/2025	26/06/2024	03/08/2022	22/07/2021	26/08/2020
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	30/11/2025	19/06/2026	30/06/2026	French	PDF
Micro model	30/11/2024	25/06/2025	26/06/2025	French	PDF
Micro model	30/11/2023	26/06/2024	28/06/2024	French	PDF
Micro model	31/12/2021	03/08/2022	24/08/2022	French	PDF
Micro model	31/12/2020	22/07/2021	11/08/2021	French	PDF
Micro model	31/12/2019	26/08/2020	16/09/2020	French	PDF
Micro model	31/12/2018	26/06/2019	29/08/2019	French	PDF
Micro model	31/12/2017	27/06/2018	28/08/2018	French	PDF
Micro model	31/12/2016	28/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	03/08/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	29/07/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	06/08/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	07/08/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	03/08/2012	24/08/2012	French	PDF
Abridged model	31/12/2010	03/08/2011	31/08/2011	French	PDF
Abridged modelCorrection	31/12/2009	22/07/2010	30/08/2010	French	PDF
Abridged model	31/12/2009	22/07/2010	18/08/2010	French	PDF
Abridged model	31/12/2008	29/07/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	16/07/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/11/2025 · 1 active · 1 ended

Active mandates

Philippe Elebaut

Director

Active

Ended mandates

Philippe Elebaut

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/01/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates07/01/2004
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Registered office18/11/2003
MAATSCHAPPELIJKE ZETEL
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 202512,8 k €↓
2024
Annual accounts 202416,4 k €↑
2023
Annual accounts 2023878 €↓
2021
Annual accounts 20219,8 k €↓
2020
Annual accounts 202017,1 k €↑
2019
Annual accounts 20197,2 k €↓
2018
Annual accounts 201810,2 k €↑
2017
Annual accounts 20178,1 k €↓
2016
Annual accounts 201610,3 k €↑
2015
Annual accounts 20156,9 k €↑
2014
Annual accounts 20146,1 k €↓
2013
Annual accounts 20139,4 k €↑
2012
Annual accounts 2012775 €↓
2011
Annual accounts 20111,3 k €↑
2010
Annual accounts 20101,1 k €↓
2009
Annual accounts 20091,7 k €↓
2008
Annual accounts 20083,6 k €
26/09/1997
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

LEMON

Overview

What does LEMON do?

Trend over 17 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