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Laennec

Active
Public limited companyfounded 197848 yrs activePrinses Clementinaplein 58, 8400 Oostende, BelgiumKBO/BCE: BE 0418.651.406
Summary

Laennec has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €462,529 and a net result of -€36,990. Equity is shrinking by ~26.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability9▼-91
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
short-term debt: 0.5% and cash: 2.3% of total assets, and 0.9% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 48 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
99.1%
Return on assets
-7.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 07-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 d early
2024
22 d early
2022
24 d early
2021
26 d late
2020
19 d late
2019
21 d late
2018
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 2 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 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
29-09-2026 today30-12-2026 close30-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Laennec was incorporated on 25 June 1978.1 Total assets rose from EUR 176,277 in 2018 to EUR 466,933 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€462,529▼ 7.4%
2024 · €499,519
Total assets
€466,933▼ 7.7%
2024 · €506,140
Net result
-€36,990
2024 · €488,852
Working capital
€314,652▼ 8.7%
2024 · €344,682
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
Line20202021202220242025
Operating result-€41,722▼ 4.3%-€34,746▲ 16.7%-€44,896▼ 29.2%€550,203--€69,042
Net result-€41,325▼ 4.5%-€34,866▲ 15.6%-€45,030▼ 29.2%€488,852--€36,990
Equity€90,563▼ 31.3%€55,697▼ 38.5%€10,667▼ 80.8%€499,519-€462,529▼ 7.4%
Total assets€93,964▼ 30.6%€106,611▲ 13.5%€167,415▲ 57.0%€506,140-€466,933▼ 7.7%
Debt€3,401▼ 4.1%€50,914▲ 1,397%€156,748▲ 208%€6,621-€4,404▼ 33.5%
Working capital€18,875▼ 63.9%-€5,249-€137,815▼ 2,526%€344,682-€314,652▼ 8.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2020: -€41,722-€41,722Net result 2020: -€41,325-€41,325Operating result 2021: -€34,746-€34,746Net result 2021: -€34,866-€34,866Operating result 2022: -€44,896-€44,896Net result 2022: -€45,030-€45,030Operating result 2024: €550,203€550,203Net result 2024: €488,852€488,852Operating result 2025: -€69,042-€69,042Net result 2025: -€36,990-€36,99020202021202220242025-€200,000€0€200,000€400,000€600,000Operating result 2022: -€44,896-€44,900Net result 2022: -€45,030-€45,000Operating result 2024: €550,203€550,000Net result 2024: €488,852€489,000Operating result 2025: -€69,042-€69,000Net result 2025: -€36,990-€37,000202220242025
The operating result turns negative in 2025: a loss of €69,042 after €550,203 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €466,933
Fixed assets €150,077 ▼ 4.4%
Current assets €316,856 ▼ 9.2%
Equity and liabilities €466,933
Equity €462,529 ▼ 7.4%
Debt €4,404 ▼ 33.5%
Debt's share of the balance-sheet total falls from 1.3% to 0.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€35,128▼
2024 · €604,992
Cash flow
-€3,075▼
2024 · €543,640
Debt to equity
0.01▼
2024 · 0.01
ROE
-8.0%▼
2024 · 97.9%
ROA
-7.9%▼
2024 · 96.6%
Interest coverage
-20.82▼
2024 · 167.13
Debt ≤ 1 year
€2,204▼
2024 · €4,421
Income taxes
€268▼
2024 · €79,135
A ratio outside any meaningful range has been withheld (balance sheet total €466,933, equity €462,529).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.1% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 8,611 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€506,140€466,933▼
Fixed assets21/28€157,037€150,077▼
Tangible fixed assets22/27€157,037€150,077▼
Land and buildings22€42,210€42,210=
Plant, machinery and equipment23€54,813€66,791▲
Furniture and vehicles24€60,014€41,076▼
Current assets29/58€349,103€316,856▼
Amounts receivable within one year40/41€38,072€53,758▲
Other amounts receivable41€38,072€53,758▲
Current investments50/53€286,763€249,516▼
Cash at bank and in hand54/58€21,733€10,959▼
Deferred charges and accrued income490/1€2,536€2,623▲
Equity and liabilities
Total equity and liabilities10/49€506,140€466,933▼
Equity10/15€499,519€462,529▼
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Reserves13€17,711€17,711=
Non-distributable reserves130/1€10,000€10,000=
Legal reserve130€10,000€10,000=
Tax-exempt reserves132€7,711€7,711=
Profit (loss) carried forward14€381,807€344,818▼
Amounts payable17/49€6,621€4,404▼
Amounts payable within one year42/48€4,421€2,204▼
Trade debts44€4,421€2,204▼
Suppliers440/4€4,421€2,204▼
Accrued charges and deferred income492/3€2,200€2,200=
Income statement Code20242025
Non-recurring operating income76A€700,794-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,789€33,914▼
Other operating charges640/8€7,435€4,201▼
Gross operating margin9900€612,427-€30,927▼
Operating profit (loss)9901€550,203-€69,042▼
Financial income75/76B€21,403€34,008▲
Recurring financial income75€21,403€34,008▲
Financial charges65/66B€3,620€1,687▼
Recurring financial charges65€3,620€1,687▼
Profit (loss) for the period before taxes9903€567,986-€36,722▼
Income taxes67/77€79,135€268▼
Profit (loss) for the period9904€488,852-€36,990▼
Profit (loss) for the period to be appropriated9905€488,852-€36,990▼
Appropriation of the result
Profit (loss) to be appropriated9906€381,807€344,818▼
Profit (loss) brought forward from the previous period14P-€107,044€381,807▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220242025Change
Non-recurring operating income76A---€700,794--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,092€10,743€7,748€54,789€33,914▼ 38.1%
Other operating charges640/8-€2,751€2,838€7,435€4,201▼ 43.5%
Gross operating margin9900-€26,806-€21,252-€34,310€612,427-€30,927▼ 105%
Operating profit (loss)9901-€41,722-€34,746-€44,896€550,203-€69,042▼ 113%
Financial income75/76B---€21,403€34,008▲ 58.9%
Recurring financial income75€513--€21,403€34,008▲ 58.9%
Financial charges65/66B-€120€120€3,620€1,687▼ 53.4%
Recurring financial charges65€116€120€120€3,620€1,687▼ 53.4%
Profit (loss) for the period before taxes9903-€41,325-€34,866-€45,016€567,986-€36,722▼ 106%
Income taxes67/77--€15€79,135€268▼ 99.7%
Profit (loss) for the period9904-€41,325-€34,866-€45,030€488,852-€36,990▼ 108%
Profit (loss) for the period to be appropriated9905-€41,325-€34,866-€45,030€488,852-€36,990▼ 108%
Line20202021202220242025Change
Assets
Total assets20/58€93,964€106,611€167,415€506,140€466,933▼ 7.7%
Fixed assets21/28€74,158€63,416€150,233€157,037€150,077▼ 4.4%
Tangible fixed assets22/27€74,158€63,416€150,233€157,037€150,077▼ 4.4%
Land and buildings22-€42,532€42,210€42,210€42,210=
Plant, machinery and equipment23-€20,884€17,381€54,813€66,791▲ 21.9%
Furniture and vehicles24--€90,641€60,014€41,076▼ 31.6%
Current assets29/58€19,805€43,195€17,183€349,103€316,856▼ 9.2%
Amounts receivable within one year40/41€6,531--€38,072€53,758▲ 41.2%
Other amounts receivable41---€38,072€53,758▲ 41.2%
Current investments50/53€1,583€1,583€1,583€286,763€249,516▼ 13.0%
Cash at bank and in hand54/58€3,266€33,162€5,197€21,733€10,959▼ 49.6%
Deferred charges and accrued income490/1-€8,450€10,403€2,536€2,623▲ 3.4%
Equity and liabilities
Total equity and liabilities10/49€93,964€106,611€167,415€506,140€466,933▼ 7.7%
Equity10/15€90,563€55,697€10,667€499,519€462,529▼ 7.4%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Capital10-€100,000€100,000€100,000€100,000=
Issued capital100-€100,000€100,000€100,000€100,000=
Reserves13€17,711€17,711€17,711€17,711€17,711=
Non-distributable reserves130/1-€10,000€10,000€10,000€10,000=
Legal reserve130-€10,000€10,000€10,000€10,000=
Tax-exempt reserves132-€7,711€7,711€7,711€7,711=
Profit (loss) carried forward14-€27,148-€62,014-€107,044€381,807€344,818▼ 9.7%
Amounts payable17/49€3,401€50,914€156,748€6,621€4,404▼ 33.5%
Amounts payable within one year42/48€931€48,444€154,998€4,421€2,204▼ 50.2%
Trade debts44€931€692€982€4,421€2,204▼ 50.2%
Suppliers440/4-€692€982€4,421€2,204▼ 50.2%
Taxes, remuneration and social security45--€15---
Taxes450/3--€15---
Other amounts payable47/48-€47,752€154,002---
Accrued charges and deferred income492/3-€2,470€1,750€2,200€2,200=
Line20202021202220242025Change
Profit (loss) for the period9904-€41,325-€34,866-€45,030€488,852-€36,990▼ 108%
+ Depreciation and write-downs630€12,092€10,743€7,748€54,789€33,914▼ 38.1%
Operating cash flow (approximation)-€29,232-€24,123-€37,283€543,640-€3,075▼ 101%
Investment in fixed assets (approximation)-€0-€94,564--€26,955-
Change in cash-€29,896-€27,965--€10,774-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-07-2027
2026
07-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-12
Financial Back to profitnet €488,852
Net result €488,852 after 5 loss-making years.
30-12
Financial Liquidity times 712current ratio 78.96
Current ratio from 0.11 to 78.96; short-term debt falls from €154,998 to €4,421.
30-12
Financial Equity above €200,000Eq €499,519 ▲4,583%
Equity rises from €10,667 to €499,519.
2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
19-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
21-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
17-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
05-07
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.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Oostende · 1 establishment unit since 1978
seat establishment The establishment unit on the map
Ground area
226 m²
Building footprint
179 m²
Volume, LiDAR
2,594 m³
Parcel 35383C0341/02W000, Flanders · tallest building 23.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Prinses Clementinaplein 58, 8400 Oostende
Education
since 19782.015.105.615
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35383C0341/02W000
ProtectedMonumentArchitectenwoning André-Louis Daniels met voortuintjeSource ↗
Flanders 226 m² 1 · 179 m² 23.5 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 9,146 EUR awarded · 3,554 EUR paid
Year Entries awardedpaid
2025 1 4,470 EUR3,554 EUR
2024 1 4,676 EUR0 EUR
Schemes
2 entries · 9,146 EUR · 3,554 EUR paid · Onroerend Erfgoed

Recognitions · licences · registrations

Legal Entity Identifier

894500ET73OVW5P0TW67
live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded25-06-1978
Fiscal year end30-12
Contact
E-mail b.vandemaele@telenet.beOostende
Phone 0475468545Oostende
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.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

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.

General meetings

2 convocations
Ordinary general meeting
at the registered office · published 23-06-2009
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC1905693/23.06) (27125) LE PANIER DE LA MARQUISE, société anonyme, route de Tilice 3, 4041 MILMORT Numéro d’entreprise 0437.294.608 Assemblée ordinaire au siège social le 13/7/2009, à 18 heures. Ordre du jour : 1. Lecture et approbation du rapport du conseil d’administra- tion. 2. Lecture et approbation des comptes annuels. 3. Affectation du résultat. 4. Approbation des rémunérations et prélèvements des admi- nistrateurs. 5. Décharges, à donner aux administrateurs. 6. Nomina- tions – Démissions.
General meeting
at the registered office · published 26-05-2009
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-9-03595/26.05)