L R E
ActiveSummary
L R E has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.6m and a net result of -€278,281. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability34▼-1
Solvency49▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.04 against 0.02 in 2023; short-term debt: 58% and cash: 2% of total assets), and 75.8% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.2%
Return on assets
-1.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€278,281
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 26-06-2026, 35 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
35 d early
2024
31 d early
2023
9 d late
2022
24 d early
2021
34 d early
2020
33 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€5.6m▼ 4.7%
2023 · €5.9m
Total assets
€23.2m▲ 16.5%
2023 · €19.9m
Net result
-€278,281▼ 22.0%
2023 · -€228,147
Working capital
-€12.9m▼ 203%
2023 · -€4.3m
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
Line20202021202220232024
Operating result€281,140▼ 2.6%€283,327▲ 0.8%€297,571▲ 5.0%€63,881▼ 78.5%€55,376▼ 13.3%
Net result€13,862▼ 57.4%€5,262▼ 62.0%€5.0m▲ 95,791%-€228,147-€278,281▼ 22.0%
Equity€1.1m▲ 1.3%€1.1m▲ 0.5%€6.1m▲ 468%€5.9m▼ 3.7%€5.6m▼ 4.7%
Total assets€15.5m▼ 3.6%€18.6m▲ 20.6%€18.4m▼ 1.1%€19.9m▲ 8.0%€23.2m▲ 16.5%
Debt€14.4m▼ 4.0%€17.6m▲ 22.0%€12.3m▼ 29.9%€14.0m▲ 13.9%€17.6m▲ 25.5%
Working capital-€2.7m▼ 46.8%-€4.3m▼ 56.0%-€3.1m▲ 26.3%-€4.3m▼ 36.0%-€12.9m▼ 203%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 13% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €23.2m
Fixed assets
€22.7m ▲ 14.4%
Current assets
€531,001 ▲ 521%
Equity and liabilities €23.2m
Equity
€5.6m ▼ 4.7%
Debt
€17.6m ▲ 25.5%
Debt's share of the balance-sheet total rises from 70.4% to 75.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.04▲
2023 · 0.02
Debt to equity
3.13▲
2023 · 2.37
ROE
-5.0%▼
2023 · -3.9%
ROA
-1.2%▼
2023 · -1.1%
Debt ≤ 1 year
€13.5m▲
2023 · €4.4m
Debt > 1 year
€3.8m▼
2023 · €9.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €76,000 | €65,000 | ▼ 14.5% |
| Other operating charges640/8 | - | €988 | €1,210 | €1,202 | €1,218 | ▲ 1.3% |
| Gross operating margin9900 | €282,237 | €284,315 | €298,781 | €65,083 | €56,594 | ▼ 13.0% |
| Operating profit (loss)9901 | €281,140 | €283,327 | €297,571 | €63,881 | €55,376 | ▼ 13.3% |
| Financial income75/76B | - | - | €5.0m | - | - | - |
| Recurring financial income75 | - | - | €5.0m | - | - | - |
| Financial charges65/66B | - | €276,088 | €235,093 | €292,028 | €333,656 | ▲ 14.3% |
| Recurring financial charges65 | €262,657 | €276,088 | €235,093 | €292,028 | €333,656 | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | €18,483 | €7,240 | €5.1m | -€228,147 | -€278,281 | ▼ 22.0% |
| Income taxes67/77 | €4,621 | €1,978 | €16,674 | - | - | - |
| Profit (loss) for the period9904 | €13,862 | €5,262 | €5.0m | -€228,147 | -€278,281 | ▼ 22.0% |
| Profit (loss) for the period to be appropriated9905 | €13,862 | €5,262 | €5.0m | -€228,147 | -€278,281 | ▼ 22.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.5m | €18.6m | €18.4m | €19.9m | €23.2m | ▲ 16.5% |
| Fixed assets21/28 | €15.0m | €17.9m | €17.9m | €19.8m | €22.7m | ▲ 14.4% |
| Financial fixed assets28 | €15.0m | €17.9m | €17.9m | €19.8m | €22.7m | ▲ 14.4% |
| Current assets29/58 | €467,336 | €753,664 | €531,592 | €85,568 | €531,001 | ▲ 521% |
| Amounts receivable within one year40/41 | €2,502 | €62,066 | €16,491 | €76,000 | €65,000 | ▼ 14.5% |
| Trade receivables40 | - | €35,166 | €15,000 | - | - | - |
| Other amounts receivable41 | - | €26,900 | €1,491 | €76,000 | €65,000 | ▼ 14.5% |
| Cash at bank and in hand54/58 | €464,834 | €691,598 | €515,101 | €9,568 | €466,001 | ▲ 4,770% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.5m | €18.6m | €18.4m | €19.9m | €23.2m | ▲ 16.5% |
| Equity10/15 | €1.1m | €1.1m | €6.1m | €5.9m | €5.6m | ▼ 4.7% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €3,850 | €4,500 | €100,000 | €100,000 | €100,000 | = |
| Non-distributable reserves130/1 | - | €4,500 | €100,000 | €100,000 | €100,000 | = |
| Legal reserve130 | - | €4,500 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | €68,722 | €73,334 | €5.0m | €4.8m | €4.5m | ▼ 5.8% |
| Amounts payable17/49 | €14.4m | €17.6m | €12.3m | €14.0m | €17.6m | ▲ 25.5% |
| Amounts payable after more than one year17 | €11.1m | €12.5m | €8.6m | €9.5m | €3.8m | ▼ 59.9% |
| Financial debts170/4 | - | €9.4m | €6.9m | €6.1m | - | - |
| Other amounts payable178/9 | - | €3.1m | €1.7m | €3.4m | €3.8m | ▲ 11.7% |
| Amounts payable within one year42/48 | €3.2m | €5.0m | €3.7m | €4.4m | €13.5m | ▲ 209% |
| Current portion of amounts payable after more than one year42 | - | €963,636 | €784,276 | €784,276 | - | - |
| Trade debts44 | €7,092 | €16,897 | €4,355 | €2,211 | €798 | ▼ 63.9% |
| Suppliers440/4 | - | €16,897 | €4,355 | €2,211 | €798 | ▼ 63.9% |
| Taxes, remuneration and social security45 | - | €8,753 | €27,188 | €10,445 | €10,739 | ▲ 2.8% |
| Taxes450/3 | - | €8,753 | €27,188 | €10,445 | €10,739 | ▲ 2.8% |
| Other amounts payable47/48 | - | €4.0m | €2.9m | €3.6m | €13.4m | ▲ 278% |
| Accrued charges and deferred income492/3 | - | €89,683 | €57,193 | €159,673 | €306,008 | ▲ 91.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,862 | €5,262 | €5.0m | -€228,147 | -€278,281 | ▼ 22.0% |
| Operating cash flow (approximation) | €13,862 | €5,262 | €5.0m | -€228,147 | -€278,281 | ▼ 22.0% |
| Investment in fixed assets (approximation) | - | -€2.9m | -€11,330 | -€1.9m | -€2.8m | ▼ 48.0% |
| Change in cash | - | €226,765 | -€176,497 | -€505,533 | €456,433 | ▲ 190% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€278,281
Net result drops to -€278,281, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €5.0m ▲95,791%
Net result €5.0m, the highest in the series.
31-12
Financial
Equity above €5mEq €6.1m ▲468%
5 profitable years in a row build equity to €6.1m.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB 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, Sint-Martens-Latem · 1 establishment unit since 2017
Ground area
4,011 m²
Building footprint
355 m²
2 parcels, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Vennelaan 7C, 9830 Sint-Martens-Latem
since 20172.269.483.066
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0708/00P000 | Flanders | 3,196 m² | 1 · 355 m² | - |
| 44064A0681/00N000 | Flanders | 815 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
5 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 5
-
100%
-
56.67%
-
56.65%
- Sourceown accounts 202450%
-
40%
According to the 2024 annual accounts of L R E and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded22-08-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.