ACTIVE

Digital Lemonade

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Financial year 2025 · closed on 31/12/2025

Net result

-52,9 k €

+46.9% YoY

Gross margin

-42,7 k €

+44.8% YoY

Equity

5,8 k €

-90.2% YoY

What does Digital Lemonade do?

Digital Lemonade is a Private limited company incorporated in 2003. Its registered office is in Herk-de-Stad.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.067.153

Incorporation

22/04/2003

Legal form

Private limited company

Registered office

Rummenweg 172
3540 Herk-de-Stad · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Contacts

5 public details availableLog in to view

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

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	-42,7 k €	+44.8%	-77,4 k €	-212%	69,3 k €	-7.5%	74,9 k €	+22.3%	61,3 k €	+3.6%	59,2 k €	+69.6%	34,9 k €	-24.0%	45,9 k €	+13.3%	40,5 k €	+96.5%	20,6 k €	-44.1%	36,9 k €	-29.5%	52,3 k €	+43.4%	36,5 k €	+55.8%	23,4 k €	-56.8%	54,3 k €	+91.1%	28,4 k €	-12.4%	32,4 k €	-20.1%	40,6 k €	+54.5%	26,3 k €	+9.4%	24 k €
EBITDA	-50 k €	+49.6%	-99,1 k €	-356%	38,7 k €	+3.9%	37,2 k €	+23.6%	30,1 k €	+11.4%	27 k €	+414%	5,3 k €	-66.8%	15,9 k €	+139%	6,6 k €	-62.7%	17,8 k €	-45.5%	32,6 k €	-21.3%	41,5 k €	+33.0%	31,2 k €	+77.7%	17,6 k €	-63.9%	48,6 k €	+97.9%	24,6 k €	-14.1%	28,6 k €	+30.5%	21,9 k €	+8.3%	20,2 k €	-9.0%	22,2 k €
Operating result	-50,3 k €	+50.0%	-100,5 k €	-416%	31,8 k €	+28.0%	24,8 k €	+87.7%	13,2 k €	+31.8%	10 k €	+90.9%	5,3 k €	-65.0%	15 k €	+1063%	-1,6 k €	-117%	9,3 k €	-45.1%	16,9 k €	-33.0%	25,3 k €	+67.1%	15,1 k €	+166%	5,7 k €	-83.0%	33,4 k €	+79.9%	18,6 k €	-20.0%	23,2 k €	+41.9%	16,4 k €	+9.4%	15 k €	-14.3%	17,5 k €
Net result	-52,9 k €	+46.9%	-99,7 k €	-679%	17,2 k €	+47.7%	11,7 k €	+248%	3,4 k €	+7.0%	3,1 k €	+176%	-4,1 k €	-173%	5,7 k €	+149%	-11,5 k €	-592%	2,3 k €	+0.7%	2,3 k €	-86.7%	17,5 k €	+10696%	162,3 €	+108%	-2 k €	-107%	28,4 k €	+313%	6,9 k €	-54.4%	15,1 k €	+39.5%	10,8 k €	+76.5%	6,1 k €	-58.5%	14,7 k €
Balance sheet
Equity	5,8 k €	-90.2%	58,6 k €	-63.0%	158,3 k €	+12.2%	141,1 k €	+9.0%	129,5 k €	+2.7%	126,1 k €	+2.5%	123 k €	-3.2%	127,1 k €	+4.7%	121,4 k €	-8.7%	133 k €	+1.8%	130,6 k €	+1.8%	128,3 k €	+15.8%	110,8 k €	+0.1%	110,6 k €	-1.7%	112,5 k €	+33.7%	84,2 k €	+8.9%	77,3 k €	+24.2%	62,3 k €	+21.0%	51,5 k €	+13.5%	45,4 k €
Total assets	6 k €	-90.5%	63,3 k €	-79.3%	305,1 k €	+10.6%	275,7 k €	-15.1%	324,9 k €	+12.2%	289,6 k €	+10.1%	263,1 k €	-6.2%	280,6 k €	+11.1%	252,6 k €	+5.9%	238,5 k €	-8.9%	261,9 k €	+8.6%	241,1 k €	-1.1%	243,8 k €	-0.7%	245,4 k €	+4.2%	235,5 k €	+50.5%	156,4 k €	+30.6%	119,7 k €	+22.7%	97,6 k €	-9.2%	107,6 k €	+36.0%	79,1 k €
Cash	4,9 k €	-87.7%	40 k €	+2677%	1,4 k €	-50.9%	2,9 k €	+14.2%	2,6 k €	+71.9%	1,5 k €	-40.5%	2,5 k €	+80.5%	1,4 k €	-48.5%	2,7 k €	-32.0%	4 k €	+138%	1,7 k €	-31.8%	2,5 k €	-31.6%	3,6 k €	+41.0%	2,5 k €	+15.4%	2,2 k €	-53.4%	4,7 k €	+195%	1,6 k €	-3.1%	1,7 k €	+34.5%	1,2 k €	-39.9%	2,1 k €
Debts	281,9 €	-93.9%	4,6 k €	-96.8%	145,2 k €	+9.9%	132,1 k €	-32.1%	194,5 k €	+19.2%	163,1 k €	+18.4%	137,8 k €	-8.4%	150,4 k €	+15.3%	130,4 k €	+23.9%	105,3 k €	-19.8%	131,3 k €	+16.4%	112,8 k €	-15.2%	133 k €	-1.3%	134,8 k €	+10.1%	122,4 k €	+119%	55,9 k €	+31.9%	42,4 k €	+20.0%	35,3 k €	-36.1%	55,3 k €	+64.0%	33,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Graffo

Director · since 06 mai 2024 · 1007.515.244

Represented by Alexander Nenczl

Active

Ended mandates

GEERT NENCZL

Manager · since 03 décembre 2004

Ended

GEERT NENCZL

Manager · since 22 avril 2003

Ended

Geert Nenczl

Manager · since 04 avril 2003 · until 04 avril 2009

Ended

Five Boxing Wizards

Director · 1007.469.021

Represented by Dries Roef

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	28/08/2026	28/08/2025	29/08/2024	29/08/2023	26/07/2022	31/08/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	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
Micro model	31/12/2025	29/05/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	29/08/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	26/07/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	30/07/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	30/07/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	11/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	11/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	12/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 1 active · 5 ended

Active mandates

Graffo

Director · since 06 mai 2024 · 1007.515.244

Represented by Alexander Nenczl

Active

Ended mandates

GEERT NENCZL

Manager · since 03 décembre 2004

Ended

GEERT NENCZL

Manager · since 22 avril 2003

Ended

Geert Nenczl

Manager · since 04 avril 2003 · until 04 avril 2009

Ended

Five Boxing Wizards

Director · 1007.469.021

Represented by Dries Roef

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/01/2026
Ontslagen bestuurder
PDF
Mandates08/05/2024
WIJZIGING RECHTSVORM, BENAMING, ONTSLAGEN,
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 2025-52,9 k €↑
2024
Annual accounts 2024-99,7 k €↓
2023
Annual accounts 202317,2 k €↑
2023
Name changeDigital Lemonade
2022
Annual accounts 202211,7 k €↑
2021
Annual accounts 20213,4 k €↑
2021
Name changeGOBEL BELGIUM
2020
Annual accounts 20203,1 k €↑
2019
Annual accounts 2019-4,1 k €↓
2018
Annual accounts 20185,7 k €↑
2017
Annual accounts 2017-11,5 k €↓
2016
Annual accounts 20162,3 k €↑
2015
Annual accounts 20152,3 k €↓
2014
Annual accounts 201417,5 k €↑
2013
Annual accounts 2013162,3 €↑
2012
Annual accounts 2012-2 k €↓
2011
Annual accounts 201128,4 k €↑
2010
Annual accounts 20106,9 k €↓
2009
Annual accounts 200915,1 k €↑
2008
Annual accounts 200810,8 k €↑
2007
Annual accounts 20076,1 k €↓
2006
Annual accounts 200614,7 k €
22/04/2003
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

Digital Lemonade

Overview

What does Digital Lemonade 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