L&K
ActiveSummary
L&K has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,617 and a net result of €12,640. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 43% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73=
Solvency47▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.59 against 0.76 in 2024; short-term debt: 16.7% and cash: 4.7% of total assets), and 78.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.7%
Return on assets
3.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
1 d early
2023
9 d early
2022
13 d early
2021
2 d early
2020
23 d early
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€87,617▲ 16.9%
2024 · €74,977
Total assets
€404,127▼ 8.9%
2024 · €443,449
Net result
€12,640▼ 12.2%
2024 · €14,391
Working capital
-€27,692▼ 73.2%
2024 · -€15,991
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,736€4,783▼ 50.9%€16,307▲ 241%€28,197▲ 72.9%€26,137▼ 7.3%
Net result€2,338-€2,867€3,919€14,391▲ 267%€12,640▼ 12.2%
Equity€67,034▲ 3.6%€64,167▼ 4.3%€63,086▼ 1.7%€74,977▲ 18.8%€87,617▲ 16.9%
Total assets€547,517▼ 12.3%€524,770▼ 4.2%€479,936▼ 8.5%€443,449▼ 7.6%€404,127▼ 8.9%
Debt€480,483▼ 14.1%€460,603▼ 4.1%€416,850▼ 9.5%€368,472▼ 11.6%€316,510▼ 14.1%
Working capital-€20,459▲ 3.7%-€19,556▲ 4.4%-€23,744▼ 21.4%-€15,991▲ 32.7%-€27,692▼ 73.2%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404,127
Fixed assets
€364,317 ▼ 7.0%
Current assets
€39,810 ▼ 22.7%
Equity and liabilities €404,127
Equity
€87,617 ▲ 16.9%
Debt
€316,510 ▼ 14.1%
Debt's share of the balance-sheet total falls from 83.1% to 78.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69,118▼
2024 · €73,876
Cash flow
€55,621▼
2024 · €60,070
Current ratio
0.59▼
2024 · 0.76
Debt to equity
3.61▼
2024 · 4.91
ROE
14.4%▼
2024 · 19.2%
ROA
3.1%▼
2024 · 3.2%
Interest coverage
9.06▲
2024 · 6.83
Debt ≤ 1 year
€67,502=
2024 · €67,507
Debt > 1 year
€248,941▼
2024 · €300,899
Income taxes
€5,870▲
2024 · €2,993
Staff costs
€65,377▲
2024 · €65,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,500 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €63,548 | €67,257 | €61,192 | €65,291 | €65,377 | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,127 | €44,915 | €45,679 | €45,679 | €42,981 | ▼ 5.9% |
| Other operating charges640/8 | €3,578 | €10,587 | €4,017 | €4,179 | €4,311 | ▲ 3.2% |
| Gross operating margin9900 | €122,989 | €127,542 | €127,195 | €143,346 | €138,806 | ▼ 3.2% |
| Operating profit (loss)9901 | €9,736 | €4,783 | €16,307 | €28,197 | €26,137 | ▼ 7.3% |
| Financial charges65/66B | €7,236 | €7,388 | €10,813 | €10,813 | €7,627 | ▼ 29.5% |
| Recurring financial charges65 | €7,236 | €7,388 | €10,813 | €10,813 | €7,627 | ▼ 29.5% |
| Profit (loss) for the period before taxes9903 | €2,500 | -€2,605 | €5,494 | €17,384 | €18,510 | ▲ 6.5% |
| Income taxes67/77 | €162 | €262 | €1,575 | €2,993 | €5,870 | ▲ 96.1% |
| Profit (loss) for the period9904 | €2,338 | -€2,867 | €3,919 | €14,391 | €12,640 | ▼ 12.2% |
| Profit (loss) for the period to be appropriated9905 | €2,338 | -€2,867 | €3,919 | €14,391 | €12,640 | ▼ 12.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €547,517 | €524,770 | €479,936 | €443,449 | €404,127 | ▼ 8.9% |
| Fixed assets21/28 | €509,534 | €483,291 | €437,612 | €391,933 | €364,317 | ▼ 7.0% |
| Tangible fixed assets22/27 | €509,534 | €483,291 | €437,612 | €391,933 | €364,317 | ▼ 7.0% |
| Land and buildings22 | €509,534 | €483,291 | €437,612 | €391,933 | €364,317 | ▼ 7.0% |
| Current assets29/58 | €37,983 | €41,479 | €42,324 | €51,516 | €39,810 | ▼ 22.7% |
| Amounts receivable within one year40/41 | €7,552 | €11,498 | €7,117 | €16,766 | €19,491 | ▲ 16.3% |
| Trade receivables40 | €7,552 | €11,208 | €6,773 | €15,263 | €16,584 | ▲ 8.7% |
| Other amounts receivable41 | - | €290 | €344 | €1,503 | €2,907 | ▲ 93.4% |
| Cash at bank and in hand54/58 | €29,443 | €29,217 | €34,116 | €33,627 | €19,190 | ▼ 42.9% |
| Deferred charges and accrued income490/1 | €988 | €764 | €1,091 | €1,123 | €1,129 | ▲ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €547,517 | €524,770 | €479,936 | €443,449 | €404,127 | ▼ 8.9% |
| Equity10/15 | €67,034 | €64,167 | €63,086 | €74,977 | €87,617 | ▲ 16.9% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Outside capital11 | €18,550 | €18,550 | €18,550 | - | - | - |
| Share premium1100/10 | €18,550 | €18,550 | - | - | - | - |
| Other1109/19 | - | - | €18,550 | - | - | - |
| Reserves13 | €45,455 | €45,455 | €43,600 | €43,600 | €43,600 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | €43,600 | €43,600 | €43,600 | €43,600 | €43,600 | = |
| Profit (loss) carried forward14 | €3,029 | €162 | €936 | €12,827 | €25,467 | ▲ 98.5% |
| Amounts payable17/49 | €480,483 | €460,603 | €416,850 | €368,472 | €316,510 | ▼ 14.1% |
| Amounts payable after more than one year17 | €421,984 | €399,504 | €350,718 | €300,899 | €248,941 | ▼ 17.3% |
| Financial debts170/4 | €421,984 | €399,504 | €350,718 | €300,899 | €248,941 | ▼ 17.3% |
| Amounts payable within one year42/48 | €58,442 | €61,035 | €66,068 | €67,507 | €67,502 | = |
| Current portion of amounts payable after more than one year42 | €46,234 | €47,829 | €48,786 | €50,223 | €51,140 | ▲ 1.8% |
| Trade debts44 | €3,376 | €4,056 | €1,290 | €2,160 | €4,799 | ▲ 122% |
| Suppliers440/4 | €3,376 | €4,056 | €1,290 | €2,160 | €4,799 | ▲ 122% |
| Taxes, remuneration and social security45 | €8,664 | €8,982 | €10,824 | €12,456 | €11,395 | ▼ 8.5% |
| Taxes450/3 | €608 | €8,374 | €1,521 | €3,016 | €2,309 | ▼ 23.4% |
| Remuneration and social security454/9 | €8,056 | €608 | €9,303 | €9,440 | €9,086 | ▼ 3.8% |
| Other amounts payable47/48 | €168 | €168 | €5,168 | €2,668 | €168 | ▼ 93.7% |
| Accrued charges and deferred income492/3 | €57 | €64 | €64 | €66 | €67 | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,338 | -€2,867 | €3,919 | €14,391 | €12,640 | ▼ 12.2% |
| + Depreciation and write-downs630 | €46,127 | €44,915 | €45,679 | €45,679 | €42,981 | ▼ 5.9% |
| Operating cash flow (approximation) | €48,465 | €42,048 | €49,598 | €60,070 | €55,621 | ▼ 7.4% |
| Investment in fixed assets (approximation) | - | -€18,672 | €0 | €0 | -€15,365 | - |
| Change in cash | - | -€226 | €4,899 | -€489 | -€14,437 | ▼ 2,852% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
01-07
State Gazette act
Incorporation · Founder
Founding capital · Bank account
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,919
Net result €3,919 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,338
Net result €2,338 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€24,103
Net result drops to -€24,103, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Highest result since 2018net €43,953 ▲396%
Operating result €81,403, net result €43,953, both a record.
Show earlier events
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 42 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Gembloux · 1 establishment unit since 2011
Ground area
1,917 m²
Building footprint
188 m²
Volume, LiDAR
1,497 m³
Parcel 92065B0050/00Z002, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Phocas Lejeune,Isnes 8, 5032 Gembloux
since 20112.205.057.943
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92065B0050/00Z002 | Wallonia | 1,917 m² | 1 · 188 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 3,668 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
82100Office administrative and support services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841263281
Also
9925:BE0841263281
Registered
29-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.