KURT LANNOO
ActiveKURT LANNOO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227k and a net result of €-30k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-21
Solvency92▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 4.13 against 2.57 in 2024; short-term debt: 12.4% and cash: 23.5% of total assets), and 33.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
on the day
2021
58 d late
2020
61 d late
2019
83 d late
2018
30 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€227k▼ 11.6%
2024 · €256k
2018: €77k
2019: €59k
2020: €89k
2021: €87k
2023: €239k
2024: €256k
2018 → 2025
Total assets
€339k▼ 22.5%
2024 · €437k
2018: €251k
2019: €268k
2020: €274k
2021: €262k
2023: €337k
2024: €437k
2018 → 2025
Net result
€-30k
2024 · €18k
2018: €-1k
2019: €-18k
2020: €30k
2021: €-2k
2023: €152k
2024: €18k
2018 → 2025
Working capital
€131k▼ 7.8%
2024 · €142k
2018: €63k
2019: €59k
2020: €134k
2021: €117k
2023: €253k
2024: €142k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€89k-€87k▼ 2.5%€239k▲ 174%€256k▲ 7.4%€227k▼ 11.6%
Operating result€18k-€6k▼ 69.6%€198k▲ 3,434%€23k▼ 88.5%€-34k
Net result€30k-€-2k€152k€18k▼ 88.3%€-30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €34k after €23k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339k
Fixed assets
€166k▼ 19.0%
Current assets
€173k▼ 25.7%
Equity and liabilities €339k
Equity
€227k▼ 11.6%
Provisions
€27k▼ 22.7%
Debt
€85k▼ 41.8%
The debt ratio falls from 33.2% to 25.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▼
2024 · €48k
Cash flow
€22k▼
2024 · €44k
Solvency
66.9%▲
2024 · 58.7%
Current ratio
4.13▲
2024 · 2.57
Quick ratio
3.74▲
2024 · 2.32
Debt / equity
0.37▼
2024 · 0.57
ROE
-13.2%▼
2024 · 6.9%
ROA
-8.8%▼
2024 · 4.1%
Interest coverage
5.43▼
2024 · 25.99
Debt
€85k▼
2024 · €145k
Debt ≤ 1 year
€42k▼
2024 · €91k
Debt > 1 year
€40k▼
2024 · €54k
Income taxes
€904▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€437k€339k▼
Fixed assets21/28€205k€166k▼
Tangible fixed assets22/27€204k€166k▼
Plant, machinery and equipment23€64k€51k▼
Furniture and vehicles24€141k€115k▼
Financial fixed assets28€270€135▼
Current assets29/58€233k€173k▼
Stocks and contracts in progress3€22k€16k▼
Contracts in progress37€22k€16k▼
Amounts receivable within one year40/41€114k€68k▼
Trade receivables40€101k€54k▼
Other amounts receivable41€13k€13k▼
Current investments50/53€5k€5k=
Cash at bank and in hand54/58€86k€79k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€437k€339k▼
Equity10/15€256k€227k▼
Contributions10/11€8k€8k=
Reserves13€249k€219k▼
Tax-exempt reserves132€141k€109k▼
Distributable reserves133€108k€110k▲
Provisions and deferred taxes16€35k€27k▼
Deferred taxes168€35k€27k▼
Amounts payable17/49€145k€85k▼
Amounts payable after more than one year17€54k€40k▼
Financial debts170/4€54k€40k▼
Amounts payable within one year42/48€91k€42k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Financial debts43€125-
Credit institutions430/8€125-
Trade debts44€67k€25k▼
Suppliers440/4€67k€25k▼
Taxes, remuneration and social security45€7k-
Taxes450/3€7k-
Other amounts payable47/48€3k€2k▼
Accrued charges and deferred income492/3€657€3k▲
Income statement
Code20242025
Non-recurring operating income76A€8k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€52k▲
Other operating charges640/8€1k€3k▲
Non-recurring operating charges66A-€135
Gross operating margin9900€50k€21k▼
Operating profit (loss)9901€23k€-34k▼
Financial income75/76B€393€198▼
Recurring financial income75€393€198▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€21k€-37k▼
Transfer from deferred taxes780€4k€8k▲
Income taxes67/77€7k€904▼
Profit (loss) for the period9904€18k€-30k▼
Transfer from tax-exempt reserves789€14k€32k▲
Profit (loss) for the period to be appropriated9905€32k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€2k▼
Transfer to equity691/2€32k€2k▼
To other reserves6921€32k€2k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-30k ▼268%
Net result drops to €-30k, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €152k
Net result €152k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 5.54
Current ratio from 2.28 to 5.54; short-term debt falls from €91k to €56k.
30-09
Financial
Equity above €200kEq €239k ▲174%
Equity rises from €87k to €239k.
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maarkedal · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenbeekdries 89680 MaarkedalGround area
2.9 ha
Building footprint
364 m²
Volume, LiDAR
1,858 m³
Parcel 45011A1306/00A000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KURT LANNOO
since 20032.132.637.842
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45011A1306/00A000 | Flanders | 2.9 ha | 1 · 364 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KVG KARWEIWERKEN
BE 0831.708.781
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CRS
BE 0563.936.620
Anderlecht · Eq €227k
DEMET
BE 0880.812.557
Antwerpen · Eq €227k
JDJ
BE 0873.160.247
Stabroek · Eq €226k
DVDP
BE 0882.281.118
Lille · Eq €226k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,704 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-04-2003
Fiscal year end30-09
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
43230Insulation installation
43291Specialised construction activities
43331Floor and wall tiling
43410Roofing work
45220
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.