Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
LEMAHIEU GROUP from Gent, company number BE0405350825, closed financial year 2025 with a result of € -486,456 after tax. For that financial year LEMAHIEU GROUP recorded revenue of € 101.6 million and equity of € 20.6 million. Compared with financial year 2024, the result moved from € -1.9 million to € -486,456. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 20.6 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -486,456
▲ 74 % less loss than in 2024
Profit after tax over the fiscal year.
€ 250,529
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 17.8 million.
People and assets in 2025
69.9
▲ 5.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.4 million
▼ 4% vs 2024
€ 77,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.7 million
▼ 11% vs 2024
Of which on lease € 2.5 million.
Debts at end 2025
€ 36.8 million
▼ 11% vs 2024
€ 1.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 2.7 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 10 days on average.
€ 1.7 million
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 113,429,167 | € 92,075,030 | € 90,048,865 | € 101,649,507 | ▲ 13% |
| Profit after taxes | € 987,152 | € -4,857,731 | € -1,851,818 | € -486,456 | ▲ € 1.4 million |
| Equity | € 27,791,834 | € 22,934,103 | € 21,082,285 | € 20,595,829 | ▼ 2% |
| Total debts | € 36,437,588 | € 37,954,852 | € 46,720,506 | € 44,073,915 | ▼ 6% |
| Cash | € 406,118 | € 900,429 | € 1,090,886 | € 250,529 | ▼ 77% |
| Land & buildings | € 5,036,881 | € 4,509,869 | € 4,171,306 | € 3,659,360 | ▼ 12% |
| Retained profit | € 25,016,834 | € 20,159,103 | € 18,307,285 | € 17,820,829 | ▼ 3% |
| Dividend | € 293,942 | € 0 | € 0 | € 0 | |
| Bank debt | € 31,556,870 | € 34,095,726 | € 41,183,097 | € 36,787,659 | ▼ 11% |
| Balance sheet total | € 64,725,374 | € 60,888,955 | € 67,802,790 | € 64,669,744 | ▼ 5% |
| Employees (FTE) | 73.4 | 70.9 | 64.5 | 69.9 | ▲ 5.4 |
Key figures of LEMAHIEU GROUP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LEMAHIEU GROUP?
What happened at LEMAHIEU GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Strike Management Company stepped down as director. NBB
- Cadus NV stepped down as director. NBB
- TPJE NV stepped down as director. NBB
- PH-Promotion BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 486,456. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Cadus NV became a director. NBB
- Strike Management Company became a director. NBB
In short
From € 987,152 profit in 2022 to € 486,456 loss in 2025.
Paid € 366,874 in corporate taxes since 2022.
Best year ever: 2022, with € 987,152 profit.
Paid out € 293,942 in dividends to the owners in total.
Management
The stake of TPJE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LEMAHIEU GROUPThe shares are held by STAK Tolemje (99.9%), Topan NV (0.1%) and TPJE (0.1%). It owns 100% of LDCWood, 100% of Jenowood and 50% of LemBeau itself.
Directors
According to the 2025 annual accounts
Director · represented by Bertrand Donck
Also active at: LDCwood, MACADAM EUROPE NV
since 2024 · until 2030
Director · represented by Johan Castelein
Also active at: Roche4Abatt, CADFIN, ABATTOIR TRADING SUPPORT & SERVICES, DWC & PARTNERS, LDCwood, UNOVA, CAEDES, F4P Invest
since 2025 · until 2029
Managing director · represented by Michel Lemahieu
Also active at: KotCompany, LDCwood, 3 KEYS, 3 KEYS CONSTRUCT, LemBeau
since 2023 · until 2029
since 2023 · until 2029
Shareholders
Establishments
Establishment units
Physical locations of this company
Zuiddokweg 44
9000 Gent
Vergunningenstraat 6
8400 Oostende
Active since 1 October 2001
Oudenburgsesteenweg 31
8400 Oostende
Active since 1 January 2022
Haminastraat 4
2030 Antwerpen
Active since 1 July 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.350.825
- VAT number
- BE 0405.350.825
- Registered office
- Zuiddokweg 44, 9000 Gent
- Names & denominations
- LEMAHIEU GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 May 1941
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
Groothandel in hout