Equity
€1.4m ▲ 6.1%
LANCE has made a profit in every financial year since 2006.
LANCE
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €816,363 (2021)
€459,012▲ 31.6%
peak €392,408 (2021)
€180,398▲ 60.1%
peak €1.4m (2025)
€1.4m▲ 6.1%
€452,625▲ 3.4%
peak 10.3 FTE (2012)
5.1 FTE▲ 27.5%
Board4 names since 2019
3 directors and 2 others
Owners
99.9%
Documentsfilings and deeds
12-06-202649 days before the deadline
2025financial year
Gross margin from €348,783 to €459,012Result from €112,682 to €180,398Staff from 4 FTE to 5.1 FTEAppointment: (director) 22-07Dividend €100,000
Key points
from the 2025 annual accountsResult
€180,398 ▲ 60.1%
The result rose in 2025 from €112,682 to €180,398.
Turnover
≈ €2.3m estimated
The accounts state no turnover.
Investments
€114,739 1.6 × depreciation
Green is investment, beige is depreciation.
Staff
5.1 FTE from 10.3 in 2012
Between 2012 and 2025, 50% of the full-time equivalents disappeared.
Filings
49 annual accounts since 1977
The last five annual accounts were filed 27 to 58 days before the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,356 companies had the same profile as LANCE has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 31,356 companies, not a prediction for LANCE. 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
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Signals
Board and ownership
Director,
Director
Director,
- 99.9%score equity €1.1m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0402463391
Appointment: (director)
General meeting of 31-05-2025 · Gazette deed
Assemblee Generale
Gazette deed
1 director appointed, 1 manager resigning
Issue of 2,000 shares · Change of role: , from manager to statutory director · Resignation: (manager) · General meeting of 19-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LANCE Eupen | €1.8m | €459,012 | 75.5% | 5.1 |
| Diksmuidse Houthandel Leirman Diksmuide | €1.6m | €409,391 | 70.8% | 4 |
| Anciens Etablissements Lesage Steenokkerzeel | €2.0m | €709,758 | 31.4% | 5.8 |
| Houthandel DEQUIDT Veurne | €2.1m | €771,112 | 47.4% | 6.8 |
| HENDERICKX & CO Erpe-Mere | €1.4m | €376,793 | 96.4% | 4 |
| Cougemat Charleroi | €1.4m | €442,497 | 54.5% | 8 |
| HOUTHANDEL VAN DEN HEURCK Ranst | €1.5m | €320,008 | 67.6% | 3.5 |
These companies have the same main activity as LANCE: wholesale of timber (NACE 46832). They are comparable in size and age: total assets between €1.4m and €2.1m, founded between 1958 and 1977.
Official details
Source: KBO- Status
- ActiveNormal situation
- Activity
- Wholesale of timberNACE 46832and 1 other
- Joint committee
- 125.02Wood industry · annual accounts 2025
- Establishment unit
- 2.006.571.3954700 Eupen, since 01-10-1960
- Financial year end
- 31 December
- Peppol
- Reachable since 29-07-2025
Annual accounts 2025
- €1.8m▲ 5.4%
- Employeeson 31-12-2025
- 6▲ 20.0%
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Insights on LANCE
LANCE has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €180,398.
Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 83% of 3,761 sector peers (NACE 46, financial year 2025).
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 LANCE
- What is the company number of LANCE?
- The company number of LANCE is 0402.463.391. The VAT number is the same number with BE in front: BE 0402.463.391.
- Where is LANCE based?
- The registered office is at Rue de Herbesthal 130, 4700 Eupen.Company details
- What does LANCE do?
- According to the KBO register, the main activity is wholesale of timber (NACE 46832).
- What is the legal form of LANCE?
- LANCE is a private limited company (BV).
- When was LANCE founded?
- LANCE was founded on 01-01-1968.
- Is LANCE still active?
- Yes, LANCE is an active enterprise in the KBO register.
- How many employees does LANCE have?
- LANCE had an average of 5.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LANCE fall under?
- In its 2025 annual accounts, LANCE states joint committee 125.02 (Wood industry).
- What is the turnover of LANCE?
- The turnover in financial year 2025 is ≈ €2.3m. This figure is estimated from the gross margin of €459,012 and 139 comparable companies (NACE 46). It probably lies between €1.5m and €4.0m.
- Is LANCE profitable?
- In financial year 2025, LANCE made a profit of €180,398.
- Where can I find the annual accounts of LANCE?
- LANCE filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LANCE due?
- LANCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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