Equity
€706,858 from €1.8m in 2023
Equity fell by 60% in 2 years.
L.N.E.
Lifetime
21 annual accounts with figures on one time axis, 29 filings since 1997peak €1.5m (2021)
€179,587▲ 39.7%
lowest -€68,507 (2007)
€60,244▲ 200%
peak €1.8m (2023)
€706,858▲ 9.3%
€785,612▲ 8.6%
peak 0.5 FTE (2008)
-not published
Board4 names since 2005
2 directorsLea Pessahova and 1 other
Documentsfilings and deeds
24-06-202637 days before the deadline
2025abbreviated format
Gross margin from €128,594 to €179,587Result from €20,103 to €60,244Investments €173,000Cash from €6,085 to €1,761
Key points
from the 2025 annual accountsTurnover
≈ €460,000 estimated
The accounts state no turnover.
Investments
€173,000 3.3 × depreciation
Green is investment, beige is depreciation.
Filings
29 annual accounts since 1997
Two of the last ten came late. The 2023 accounts came latest: 42 days after the end of the period.
At the same address
12 companies
Restructuring
2024
Branch transferred to LOLA. Contribution on 19-12-2024.
Checked score
67
Healthy
Financially stronger than 47% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 1.6%▲ +1.2 percentage points vs 08-2026highest value
10-2026: 0.9%▼ -0.7 percentage points vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 0.01, cash €1,761, halved
1 of the last 3 accounts late
lowers risk
Size: total assets €1.6m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 41% of them on solvency, 24% on liquidity, 55% on profitability and 67% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as L.N.E. has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of L.N.E. itself is higher: 0.9% within 12 months. It rests on far more data about L.N.E. than the profile alone.
Test of the method
The method was tested on the 497,447 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 14,766 companies, not a prediction for L.N.E.. 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.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.01 (0.03 in 2024), below 1. Short-term debt is 24.1% and cash 0.1% of total assets. 55.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
8 days early
2023
42 days late
2022
33 days early
2021
31 days early
2020
30 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 18 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Antwerp
New registered office: Rubenslei 8 bus 302, 2018 Antwerpen · Previous registered office: Rubenslei 8 bus 5, 2018 Antwerpen · Permanent representative: Nathalie Goossens · General meeting of 22-06-2026 · Gazette deed
Demerger: L.N.E. splits off to LOLA
Capital from €61,973.38 to €100,231.55 · Capital from €100,241.26 to €62,000 · Appointments: DJAN Tamaz (director) and PESSAHOVA Lea Grigoriëvna (sole director) · General meeting of 13-12-2024 · Gazette deed
Reappointment: Lea Pessahova (managing director)
Permanent representative: Nathalie Goossens · General meeting of 31-05-2024 · Gazette deed
Demerger proposal: L.N.E. splits off to LOLA
Appointment: Tamaz Djan (sole director) · The company holds all the shares of GIL NV · Tamaz Djan is a shareholder · Gazette deed
Official details
Source: KBO- Status
- Active since 31-08-1995Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- “Het verwerven,vervreemden,beheren,uitbaten,valoriseren,verkavelen,ordenen,huren en verhuren,het doen bouwen of verbouwen,promotie van en makelen in onroerende goederen,evenals…” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.073.736.6702018 Antwerp, since 02-11-1995
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €1.6m▲ 8.1%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on L.N.E.
L.N.E. files the abbreviated format. That format states no turnover. The gross margin rose from €59,434 in 2005 to €179,587 in 2025.
The balance sheet grew most from 2006 to 2007 through fixed assets, financed with long-term debt.
In August 2023, the Official Gazette published the appointment of Lea Pessahova as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about L.N.E.
- What is the company number of L.N.E.?
- The company number of L.N.E. is 0455.919.301. The VAT number is the same number with BE in front: BE 0455.919.301.
- Where is L.N.E. based?
- The registered office is at Rubenslei 8, 2018 Antwerp.Company details
- What is the legal form of L.N.E.?
- L.N.E. is a public limited company (NV).
- When was L.N.E. founded?
- L.N.E. was founded on 31-08-1995.
- Is L.N.E. still active?
- Yes, L.N.E. is an active enterprise in the KBO register.
- What is the turnover of L.N.E.?
- The turnover in financial year 2025 is ≈ €460,000. This figure is estimated from the gross margin of €179,587 and 1,646 comparable companies of the same size. It probably lies between €280,000 and €860,000. It is a rough estimate.Financials
- Is L.N.E. profitable?
- In financial year 2025, L.N.E. made a profit of €60,244.
- Where can I find the annual accounts of L.N.E.?
- L.N.E. filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of L.N.E. due?
- L.N.E. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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