Eric Lanis
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 45 days after the deadline Filed on 14 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00514862.
Annual accounts 2025 filed on 14-09-2026 at the NBB all 7 filings
Turnover
≈ €840,000
Estimated: probably between €730,000 and €1.0m
Total assets
€655,658▲ 0.1%
2024 · €655,291
Net result
€42,988▲ 15×
2024 · €2,945
Working capital
€379,686▲ 0.5%
2024 · €377,658
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
€68,980
▲ 14×
2025
20182025
Net result
€42,988
▲ 15×
2025
middle half of the sector
20182025
Equity
€442,279
▲ 4.0%
2025
middle half of the sector
20182025
Total assets
€655,658
▲ 0.1%
2025
middle half of the sector
20182025
Debt
€213,378
▼ 7.2%
2025
20182025
Working capital
€379,686
▲ 0.5%
2025
middle half of the sector
20182025
Solvency
67.5%
▲ 2.6pp
2025
highest quarter of the sector
20182025
Current ratio
8.44
▼ 0.33
2025
highest quarter of the sector
20182025
Return on assets (ROA)
6.6%
▲ 6.1pp
2025
middle half of the sector
20182025
Staff (FTE)
4.6
=
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022202320242025
Operating result€279,118-€32,927▼ 88.2%€161,073-€68,497▼ 57.5%€89,415▲ 30.5%€4,915▼ 94.5%€68,980▲ 14×
Net result€183,952-€25,967▼ 85.9%€114,211within the sector's middle half-€40,932within the sector's middle half▼ 64.2%€61,632within the sector's middle half▲ 50.6%€2,945below the sector's middle half▼ 95.2%€42,988within the sector's middle half▲ 15×
Equity€202,552-€228,518▲ 12.8%€503,700within the sector's middle half-€544,632within the sector's middle half▲ 8.1%€606,264within the sector's middle half▲ 11.3%€425,258within the sector's middle half▼ 29.9%€442,279within the sector's middle half▲ 4.0%
Total assets€493,083-€574,729▲ 16.6%€780,455within the sector's middle half-€808,129within the sector's middle half▲ 3.5%€868,912within the sector's middle half▲ 7.5%€655,291within the sector's middle half▼ 24.6%€655,658within the sector's middle half▲ 0.1%
Debt€290,532-€346,211▲ 19.2%€276,756-€263,498▼ 4.8%€262,648▼ 0.3%€230,033▼ 12.4%€213,378▼ 7.2%
Working capital€145,264-€191,004▲ 31.5%€427,149within the sector's middle half-€494,356above the sector's middle half▲ 15.7%€543,189above the sector's middle half▲ 9.9%€377,658within the sector's middle half▼ 30.5%€379,686within the sector's middle half▲ 0.5%
Solvency41.1%-39.8%▼ 1.3pp64.5%above the sector's middle half-67.4%above the sector's middle half▲ 2.9pp69.8%above the sector's middle half▲ 2.4pp64.9%above the sector's middle half▼ 4.9pp67.5%above the sector's middle half▲ 2.6pp
Current ratio3.22-3.55▲ 0.3311.22above the sector's middle half-9.63above the sector's middle half▼ 1.5910.88above the sector's middle half▲ 1.258.77above the sector's middle half▼ 2.118.44above the sector's middle half▼ 0.33
Return on assets (ROA)37.3%-4.5%▼ 32.8pp14.6%above the sector's middle half-5.1%within the sector's middle half▼ 9.6pp7.1%within the sector's middle half▲ 2.0pp0.4%below the sector's middle half▼ 6.6pp6.6%within the sector's middle half▲ 6.1pp
Staff (FTE)3.9-5.1▲ 30.8%6.4within the sector's middle half-6.1within the sector's middle half▼ 4.7%5.8within the sector's middle half▼ 4.9%4.6within the sector's middle half▼ 20.7%4.6within the sector's middle half=
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 14 times that of 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €655,658
Fixed assets
€224,928 ▼ 1.8%
Current assets
€430,730 ▲ 1.0%
Equity and liabilities €655,658
Equity
€442,279 ▲ 4.0%
Debt
€213,378 ▼ 7.2%
Debt's share of the balance-sheet total falls from 35.1% to 32.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102,435▲
2024 · €43,865
Cash flow
€76,443▲
2024 · €41,895
Quick ratio
6.54▲
2024 · 6.44
Debt to equity
0.48▼
2024 · 0.54
ROE
9.7%▲
2024 · 0.7%
Interest coverage
9.69▲
2024 · 9.05
Debt ≤ 1 year
€51,043▲
2024 · €48,600
Debt > 1 year
€160,925▼
2024 · €180,530
Income taxes
€17,278▲
2024 · €2,212
Staff costs
€258,684▼
2024 · €262,265
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 5 | 6 | 5 | 3 |
| full-time | 6 | 5 | 5 | 4 | 3 |
| part-time | 1 | - | 1 | 1 | 0 |
| in full-time equivalents | 6.8 | 5 | 5.8 | 0 | 3 |
| Average over the year, in full-time equivalents | 6.4 | 6.1 | 5.8 | 4.6 | 4.6 |
| On a permanent contract | 6 | 4 | 6 | 4 | 1 |
| Joined | 3 | 4 | 3 | 3 | 2 |
| Left | 1 | 6 | 2 | 4 | 4 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €18,151 | €8,255 | €62,197 | €3,136 | €63,422 |
| Financial fixed assets | €5,897 | - | - | - | €0 |
| Depreciation and write-downs of the year | €55,323 | €48,723 | €47,928 | €38,950 | €33,455 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €1,050 awarded · €1,050 paidAnnual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,987 | €0 | - | €19,750 | - |
| Remuneration, social security and pensions62 | - | - | €338,992 | €315,500 | €300,800 | €262,265 | €258,684 | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,265 | €58,257 | €55,323 | €48,723 | €47,928 | €38,950 | €33,455 | ▼ 14.1% |
| Other operating charges640/8 | - | - | €4,797 | €5,034 | €4,159 | €4,401 | €5,839 | ▲ 32.7% |
| Non-recurring operating charges66A | - | - | - | €990 | €0 | - | €8,631 | - |
| Gross operating margin9900 | €595,505 | €366,056 | €560,185 | €438,743 | €442,302 | €310,531 | €375,588 | ▲ 21.0% |
| Operating profit (loss)9901 | €279,118 | €32,927 | €161,073 | €68,497 | €89,415 | €4,915 | €68,980 | ▲ 14× |
| Financial income75/76B | - | - | €10,108 | €1,501 | €6,998 | €5,089 | €1,857 | ▼ 63.5% |
| Recurring financial income75 | €4,891 | €6,905 | €10,108 | €1,501 | €6,998 | €5,089 | €1,857 | ▼ 63.5% |
| Financial charges65/66B | - | - | €6,984 | €11,065 | €8,762 | €4,848 | €10,570 | ▲ 118% |
| Recurring financial charges65 | €4,863 | €5,426 | €6,984 | €11,065 | €8,762 | €4,848 | €10,570 | ▲ 118% |
| Profit (loss) for the period before taxes9903 | €279,146 | €34,406 | €164,198 | €58,933 | €87,650 | €5,157 | €60,266 | ▲ 12× |
| Income taxes67/77 | €95,195 | €8,440 | €49,987 | €18,001 | €26,018 | €2,212 | €17,278 | ▲ 681% |
| Profit (loss) for the period9904 | €183,952 | €25,967 | €114,211 | €40,932 | €61,632 | €2,945 | €42,988 | ▲ 15× |
| Profit (loss) for the period to be appropriated9905 | €183,952 | €25,967 | €114,211 | €40,932 | €61,632 | €2,945 | €42,988 | ▲ 15× |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €493,083 | €574,729 | €780,455 | €808,129 | €868,912 | €655,291 | €655,658 | ▲ 0.1% |
| Fixed assets21/28 | €282,439 | €308,787 | €311,494 | €256,475 | €270,745 | €229,033 | €224,928 | ▼ 1.8% |
| Tangible fixed assets22/27 | €279,939 | €306,287 | €303,096 | €248,078 | €262,348 | €226,533 | €222,428 | ▼ 1.8% |
| Land and buildings22 | - | - | €212,610 | €198,640 | €184,699 | €170,758 | €156,817 | ▼ 8.2% |
| Plant, machinery and equipment23 | - | - | €21,830 | €19,978 | €20,785 | €15,258 | €12,453 | ▼ 18.4% |
| Furniture and vehicles24 | - | - | €68,657 | €29,460 | €56,864 | €40,518 | €53,158 | ▲ 31.2% |
| Financial fixed assets28 | €2,500 | €2,500 | €8,397 | €8,397 | €8,397 | €2,500 | €2,500 | = |
| Current assets29/58 | €210,644 | €265,942 | €468,962 | €551,654 | €598,167 | €426,258 | €430,730 | ▲ 1.0% |
| Stocks and contracts in progress3 | €31,500 | €31,222 | €264,757 | €194,437 | €119,062 | €113,406 | €96,703 | ▼ 14.7% |
| Stocks30/36 | - | - | €224,757 | €175,437 | €119,062 | €113,406 | €96,703 | ▼ 14.7% |
| Contracts in progress37 | - | - | €40,000 | €19,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €91,008 | €159,114 | €175,035 | €290,440 | €351,336 | €271,404 | €282,033 | ▲ 3.9% |
| Trade receivables40 | - | - | €125,678 | €152,882 | €248,087 | €161,409 | €190,239 | ▲ 17.9% |
| Other amounts receivable41 | - | - | €49,356 | €137,557 | €103,249 | €109,995 | €91,793 | ▼ 16.5% |
| Cash at bank and in hand54/58 | €82,991 | €71,656 | €19,626 | €57,020 | €120,456 | €34,459 | €46,476 | ▲ 34.9% |
| Deferred charges and accrued income490/1 | - | - | €9,544 | €9,758 | €7,314 | €6,988 | €5,518 | ▼ 21.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €493,083 | €574,729 | €780,455 | €808,129 | €868,912 | €655,291 | €655,658 | ▲ 0.1% |
| Equity10/15 | €202,552 | €228,518 | €503,700 | €544,632 | €606,264 | €425,258 | €442,279 | ▲ 4.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €183,952 | €209,918 | €485,089 | €525,989 | €587,589 | €403,637 | €420,571 | ▲ 4.2% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €483,229 | €524,129 | €587,589 | €403,637 | €420,571 | ▲ 4.2% |
| Profit (loss) carried forward14 | - | - | €11 | €43 | €75 | €3,020 | €3,109 | ▲ 2.9% |
| Amounts payable17/49 | €290,532 | €346,211 | €276,756 | €263,498 | €262,648 | €230,033 | €213,378 | ▼ 7.2% |
| Amounts payable after more than one year17 | €225,151 | €271,273 | €234,829 | €204,354 | €204,058 | €180,530 | €160,925 | ▼ 10.9% |
| Financial debts170/4 | - | - | €234,829 | €204,354 | €204,058 | €180,530 | €160,925 | ▼ 10.9% |
| Amounts payable within one year42/48 | €65,381 | €74,938 | €41,813 | €57,298 | €54,978 | €48,600 | €51,043 | ▲ 5.0% |
| Current portion of amounts payable after more than one year42 | - | - | €30,011 | €30,475 | €35,268 | €23,529 | €19,605 | ▼ 16.7% |
| Trade debts44 | €22,810 | €36,411 | €265 | €13,576 | €14,739 | €2,907 | €351 | ▼ 87.9% |
| Suppliers440/4 | - | - | €265 | €13,576 | €14,739 | €2,907 | €351 | ▼ 87.9% |
| Taxes, remuneration and social security45 | - | - | €11,537 | €13,246 | €4,971 | €22,164 | €5,121 | ▼ 76.9% |
| Taxes450/3 | - | - | €5,318 | €395 | €554 | €4,622 | €1,323 | ▼ 71.4% |
| Remuneration and social security454/9 | - | - | €6,219 | €12,852 | €4,417 | €17,542 | €3,799 | ▼ 78.3% |
| Other amounts payable47/48 | - | - | - | - | - | - | €25,967 | - |
| Accrued charges and deferred income492/3 | - | - | €114 | €1,846 | €3,612 | €904 | €1,410 | ▲ 55.9% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €183,952 | €25,967 | €114,211 | €40,932 | €61,632 | €2,945 | €42,988 | ▲ 15× |
| + Depreciation and write-downs630 | €55,265 | €58,257 | €55,323 | €48,723 | €47,928 | €38,950 | €33,455 | ▼ 14.1% |
| Operating cash flow (approximation) | €239,217 | €84,224 | €169,534 | €89,655 | €109,560 | €41,895 | €76,443 | ▲ 82.5% |
| Investment in fixed assets (approximation) | - | -€84,605 | - | €6,296 | -€62,197 | €2,762 | -€29,349 | - |
| Change in cash | - | -€11,335 | - | €37,394 | €63,436 | -€85,997 | €12,018 | - |
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, 26,972 companies had the same profile as Eric Lanis has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Eric Lanis itself: 1.0% 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 26,972 companies, not a prediction for Eric Lanis. 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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-09-2026 | 2026-00514862 | |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00460215 | |
| 31-12-2023 | abbreviated format | 20-09-2024 | 2024-00472382 | |
| 31-12-2022 | abbreviated format | 18-09-2023 | 2023-00449758 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20372997 | |
| 31-12-2019 | micro format | 04-02-2021 | 2021-04700216 | |
| 31-12-2018 | micro format | 20-08-2019 | 2019-47800240 |