de Loncin Eric
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 6 filings
Equity
€32,469▼ 57.4%
2024 · €76,300
Total assets
€98,673▼ 45.8%
2024 · €181,885
Net result
-€43,831▼ 4,699%
2024 · -€913
Working capital
€14,154▼ 75.2%
2024 · €57,072
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
-€42,484
2025
20202025
Net result
-€43,831
▼ 4,699%
2025
lowest quarter of the sector
20202025
Equity
€32,469
▼ 57.4%
2025
middle half of the sector
20202025
Total assets
€98,673
▼ 45.8%
2025
middle half of the sector
20202025
Debt
€66,204
▼ 37.3%
2025
20202025
Working capital
€14,154
▼ 75.2%
2025
middle half of the sector
20202025
Solvency
32.9%
▼ 9.0pp
2025
middle half of the sector
20202025
Current ratio
1.25
▼ 0.41
2025
middle half of the sector
20202025
Return on assets (ROA)
-44.4%
▼ 43.9pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€23,089-€22,328▼ 3.3%€24,135▲ 8.1%€26,416▲ 9.4%€1,996▼ 92.4%-€42,484
Net result€18,050within the sector's middle half-€16,161within the sector's middle half▼ 10.5%€15,080within the sector's middle half▼ 6.7%€15,422within the sector's middle half▲ 2.3%-€913below the sector's middle half-€43,831below the sector's middle half▼ 4,699%
Equity€30,550within the sector's middle half-€46,711within the sector's middle half▲ 52.9%€61,791within the sector's middle half▲ 32.3%€77,213within the sector's middle half▲ 25.0%€76,300within the sector's middle half▼ 1.2%€32,469within the sector's middle half▼ 57.4%
Total assets€216,673within the sector's middle half-€180,604within the sector's middle half▼ 16.6%€172,592within the sector's middle half▼ 4.4%€193,394within the sector's middle half▲ 12.1%€181,885within the sector's middle half▼ 6.0%€98,673within the sector's middle half▼ 45.8%
Debt€186,123-€133,894▼ 28.1%€110,801▼ 17.2%€116,181▲ 4.9%€105,586▼ 9.1%€66,204▼ 37.3%
Working capital€9,523within the sector's middle half-€38,744within the sector's middle half▲ 307%€61,145within the sector's middle half▲ 57.8%€59,200within the sector's middle half▼ 3.2%€57,072within the sector's middle half▼ 3.6%€14,154within the sector's middle half▼ 75.2%
Solvency14.1%below the sector's middle half-25.9%within the sector's middle half▲ 11.8pp35.8%within the sector's middle half▲ 9.9pp39.9%within the sector's middle half▲ 4.1pp41.9%within the sector's middle half▲ 2.0pp32.9%within the sector's middle half▼ 9.0pp
Current ratio1.08below the sector's middle half-1.42within the sector's middle half▲ 0.351.71within the sector's middle half▲ 0.291.69within the sector's middle half▼ 0.031.66within the sector's middle half▼ 0.031.25within the sector's middle half▼ 0.41
Return on assets (ROA)8.3%within the sector's middle half-8.9%within the sector's middle half▲ 0.6pp8.7%within the sector's middle half▼ 0.2pp8.0%within the sector's middle half▼ 0.8pp-0.5%below the sector's middle half▼ 8.5pp-44.4%below the sector's middle half▼ 43.9pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €42,484, after a profit of €1,996 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,673
Fixed assets
€27,944 ▼ 26.1%
Current assets
€70,728 ▼ 50.9%
Equity and liabilities €98,673
Equity
€32,469 ▼ 57.4%
Debt
€66,204 ▼ 37.3%
Debt's share of the balance-sheet total rises from 58.1% to 67.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€31,106▼
2024 · €13,246
Cash flow
-€32,453▼
2024 · €10,337
Debt to equity
2.04▲
2024 · 1.38
ROE
-135.0%▼
2024 · -1.2%
Interest coverage
-34.94▼
2024 · 8.48
Debt ≤ 1 year
€56,574▼
2024 · €86,991
Debt > 1 year
€9,630▼
2024 · €15,740
Income taxes
€457▼
2024 · €1,349
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,000 | €14,000 | €43,885 | €1,182 | €1,500 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €37,021 | €36,634 | €9,354 | €11,250 | €11,378 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €287 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,127 | €37,021 | €36,634 | €9,354 | €11,250 | €11,378 | ▲ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €5,355 | - |
| Other operating charges640/8 | - | €2,370 | €2,339 | €3,394 | €1,689 | €1,050 | ▼ 37.8% |
| Non-recurring operating charges66A | - | - | - | €3,425 | €0 | - | - |
| Gross operating margin9900 | €58,656 | €61,719 | €63,108 | €42,589 | €14,935 | -€24,701 | - |
| Operating profit (loss)9901 | €23,089 | €22,328 | €24,135 | €26,416 | €1,996 | -€42,484 | - |
| Financial income75/76B | - | €430 | €31 | €26 | €1 | €1 | ▼ 14.6% |
| Recurring financial income75 | €426 | €430 | €31 | €26 | €1 | €1 | ▼ 14.6% |
| Financial charges65/66B | - | €1,824 | €2,466 | €3,929 | €1,562 | €890 | ▼ 43.0% |
| Recurring financial charges65 | €1,970 | €1,824 | €2,466 | €3,929 | €1,562 | €890 | ▼ 43.0% |
| Profit (loss) for the period before taxes9903 | €21,544 | €20,934 | €21,700 | €22,513 | €436 | -€43,374 | - |
| Income taxes67/77 | €3,495 | €4,773 | €6,620 | €7,091 | €1,349 | €457 | ▼ 66.1% |
| Profit (loss) for the period9904 | €18,050 | €16,161 | €15,080 | €15,422 | -€913 | -€43,831 | ▼ 4,699% |
| Profit (loss) for the period to be appropriated9905 | €18,050 | €16,161 | €15,080 | €15,422 | -€913 | -€43,831 | ▼ 4,699% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €216,673 | €180,604 | €172,592 | €193,394 | €181,885 | €98,673 | ▼ 45.8% |
| Formation expenses20 | €1,139 | €40 | - | - | - | - | - |
| Fixed assets21/28 | €80,022 | €50,100 | €25,785 | €47,890 | €37,822 | €27,944 | ▼ 26.1% |
| Tangible fixed assets22/27 | €79,524 | €49,602 | €25,287 | €47,392 | €37,324 | €27,446 | ▼ 26.5% |
| Land and buildings22 | - | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Plant, machinery and equipment23 | - | €12,546 | €7,859 | €5,184 | €2,584 | €1,677 | ▼ 35.1% |
| Furniture and vehicles24 | - | €33,055 | €13,428 | €38,209 | €30,740 | €21,770 | ▼ 29.2% |
| Financial fixed assets28 | €498 | €498 | €498 | €498 | €498 | €498 | = |
| Current assets29/58 | €135,512 | €130,464 | €146,808 | €145,504 | €144,063 | €70,728 | ▼ 50.9% |
| Amounts receivable within one year40/41 | €70,670 | €67,441 | €116,232 | €123,339 | €53,497 | €24,929 | ▼ 53.4% |
| Trade receivables40 | - | €63,999 | €116,149 | €119,271 | €39,580 | €7,758 | ▼ 80.4% |
| Other amounts receivable41 | - | €3,442 | €83 | €4,067 | €13,917 | €17,171 | ▲ 23.4% |
| Cash at bank and in hand54/58 | €61,247 | €58,803 | €26,139 | €19,719 | €87,133 | €44,233 | ▼ 49.2% |
| Deferred charges and accrued income490/1 | - | €4,220 | €4,437 | €2,446 | €3,433 | €1,566 | ▼ 54.4% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €216,673 | €180,604 | €172,592 | €193,394 | €181,885 | €98,673 | ▼ 45.8% |
| Equity10/15 | €30,550 | €46,711 | €61,791 | €77,213 | €76,300 | €32,469 | ▼ 57.4% |
| Contributions10/11 | - | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | - | - | €15,000 | €27,500 | €27,500 | €27,500 | = |
| Distributable reserves133 | - | - | €15,000 | €27,500 | €27,500 | €27,500 | = |
| Profit (loss) carried forward14 | €18,050 | €34,211 | €34,291 | €37,213 | €36,300 | -€7,531 | - |
| Amounts payable17/49 | €186,123 | €133,894 | €110,801 | €116,181 | €105,586 | €66,204 | ▼ 37.3% |
| Amounts payable after more than one year17 | €57,634 | €39,673 | €21,492 | €24,702 | €15,740 | €9,630 | ▼ 38.8% |
| Financial debts170/4 | - | €39,673 | €21,492 | €24,702 | €15,740 | €9,630 | ▼ 38.8% |
| Amounts payable within one year42/48 | €125,989 | €91,721 | €85,662 | €86,304 | €86,991 | €56,574 | ▼ 35.0% |
| Current portion of amounts payable after more than one year42 | - | €17,961 | €18,181 | €24,049 | €8,963 | €6,110 | ▼ 31.8% |
| Trade debts44 | €35,471 | €31,761 | €12,989 | €9,969 | €32,040 | €5,093 | ▼ 84.1% |
| Suppliers440/4 | - | €31,761 | €12,989 | €9,969 | €32,040 | €5,093 | ▼ 84.1% |
| Taxes, remuneration and social security45 | - | €9,829 | €12,558 | €13,711 | €2,002 | €2,012 | ▲ 0.5% |
| Taxes450/3 | - | €6,096 | €10,609 | €13,711 | €0 | - | - |
| Remuneration and social security454/9 | - | €3,733 | €1,950 | €0 | €2,002 | €2,012 | ▲ 0.5% |
| Other amounts payable47/48 | - | €32,170 | €41,935 | €38,575 | €43,986 | €43,358 | ▼ 1.4% |
| Accrued charges and deferred income492/3 | - | €2,500 | €3,647 | €5,175 | €2,855 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,050 | €16,161 | €15,080 | €15,422 | -€913 | -€43,831 | ▼ 4,699% |
| + Depreciation and write-downs630 | €34,127 | €37,021 | €36,634 | €9,354 | €11,250 | €11,378 | ▲ 1.1% |
| Operating cash flow (approximation) | €52,177 | €53,182 | €51,714 | €24,777 | €10,337 | -€32,453 | - |
| Investment in fixed assets (approximation) | - | -€7,098 | -€12,319 | -€31,460 | -€1,182 | -€1,500 | ▼ 26.9% |
| Change in cash | - | -€2,444 | -€32,664 | -€6,420 | €67,414 | -€42,900 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as de Loncin Eric has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
87.4%
was still going
9.4%
stopped otherwise
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of de Loncin Eric itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for de Loncin Eric. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00357761 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00346739 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00304600 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00221249 | |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20134882 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-41300383 |