LANCE
ActiveSummary
LANCE has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €180,398. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 3.94 against 3.36 in 2024; short-term debt: 21% and cash: 28.8% of total assets), and 24.5% 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 · 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
75.5%
Return on assets
9.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
58 d early
2023
27 d early
2022
33 d early
2021
33 d early
2020
25 d early
2019
7 d early
← before the deadline
after the deadline →
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€180,398▲ 60.1%
2024 · €112,682
Working capital
€1.1m▲ 10.0%
2024 · €1.0m
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€522,253▲ 150%€473,822▼ 9.3%€274,376▼ 42.1%€122,863▼ 55.2%€191,816▲ 56.1%
Net result€392,408▲ 143%€356,447▼ 9.2%€208,980▼ 41.4%€112,682▼ 46.1%€180,398▲ 60.1%
Equity€1.0m▲ 31.3%€1.2m▲ 15.4%€1.3m▲ 9.3%€1.3m▲ 2.6%€1.4m▲ 6.1%
Total assets€1.7m▲ 24.1%€2.1m▲ 23.6%€1.8m▼ 15.2%€1.8m▲ 0.1%€1.8m▲ 5.4%
Debt€654,894▲ 14.4%€892,064▲ 36.2%€468,509▼ 47.5%€437,632▼ 6.6%€452,625▲ 3.4%
Working capital€902,127▲ 37.4%€916,359▲ 1.6%€960,260▲ 4.8%€1.0m▲ 7.8%€1.1m▲ 10.0%
Staff (FTE)5.5▼ 6.8%5.9▲ 7.3%4.3▼ 27.1%4▼ 7.0%5.1▲ 27.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€320,640 ▲ 14.8%
Current assets
€1.5m ▲ 3.7%
Equity and liabilities €1.8m
Equity
€1.4m ▲ 6.1%
Debt
€452,625 ▲ 3.4%
Debt's share of the balance-sheet total falls from 25.0% to 24.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€265,208▲
2024 · €187,309
Cash flow
€253,791▲
2024 · €177,127
Current ratio
3.94▲
2024 · 3.36
Quick ratio
1.99▲
2024 · 1.76
Debt to equity
0.32▼
2024 · 0.33
ROE
12.9%▲
2024 · 8.6%
ROA
9.8%▲
2024 · 6.4%
Interest coverage
12.89▲
2024 · 8.82
Debt ≤ 1 year
€387,689▼
2024 · €437,632
Debt > 1 year
€64,936
Income taxes
€37,425▲
2024 · €24,562
Staff costs
€163,986▲
2024 · €154,491
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €203,697 | €210,074 | €160,194 | €154,491 | €163,986 | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84,737 | €70,170 | €75,841 | €64,446 | €73,392 | ▲ 13.9% |
| Other operating charges640/8 | €5,677 | €4,927 | €5,063 | €6,983 | €29,819 | ▲ 327% |
| Gross operating margin9900 | €816,363 | €758,993 | €515,475 | €348,783 | €459,012 | ▲ 31.6% |
| Operating profit (loss)9901 | €522,253 | €473,822 | €274,376 | €122,863 | €191,816 | ▲ 56.1% |
| Financial income75/76B | €44,436 | €45,013 | €42,861 | €35,612 | €46,582 | ▲ 30.8% |
| Recurring financial income75 | €44,436 | €45,013 | €42,861 | €35,612 | €46,582 | ▲ 30.8% |
| Financial charges65/66B | €28,319 | €32,389 | €30,607 | €21,232 | €20,574 | ▼ 3.1% |
| Recurring financial charges65 | €28,319 | €32,389 | €30,607 | €21,232 | €20,574 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €538,370 | €486,447 | €286,630 | €137,243 | €217,823 | ▲ 58.7% |
| Income taxes67/77 | €145,962 | €130,000 | €77,651 | €24,562 | €37,425 | ▲ 52.4% |
| Profit (loss) for the period9904 | €392,408 | €356,447 | €208,980 | €112,682 | €180,398 | ▲ 60.1% |
| Profit (loss) for the period to be appropriated9905 | €392,408 | €356,447 | €208,980 | €112,682 | €180,398 | ▲ 60.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €2.1m | €1.8m | €1.8m | €1.8m | ▲ 5.4% |
| Fixed assets21/28 | €149,474 | €382,735 | €321,337 | €279,293 | €320,640 | ▲ 14.8% |
| Tangible fixed assets22/27 | €149,474 | €382,735 | €321,337 | €279,293 | €320,640 | ▲ 14.8% |
| Plant, machinery and equipment23 | €56,665 | €327,595 | €293,716 | €250,215 | €220,575 | ▼ 11.8% |
| Furniture and vehicles24 | €92,808 | €55,140 | €27,621 | €29,078 | €100,065 | ▲ 244% |
| Current assets29/58 | €1.5m | €1.7m | €1.4m | €1.5m | €1.5m | ▲ 3.7% |
| Stocks and contracts in progress3 | €641,038 | €686,998 | €726,632 | €703,468 | €755,498 | ▲ 7.4% |
| Stocks30/36 | €641,038 | €686,998 | €726,632 | €703,468 | €755,498 | ▲ 7.4% |
| Amounts receivable within one year40/41 | €310,509 | €303,206 | €205,215 | €277,242 | €239,799 | ▼ 13.5% |
| Trade receivables40 | €310,269 | €299,684 | €203,198 | €274,914 | €237,581 | ▼ 13.6% |
| Other amounts receivable41 | €240 | €3,522 | €2,016 | €2,328 | €2,218 | ▼ 4.7% |
| Cash at bank and in hand54/58 | €570,044 | €691,742 | €496,923 | €491,908 | €531,366 | ▲ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €2.1m | €1.8m | €1.8m | €1.8m | ▲ 5.4% |
| Equity10/15 | €1.0m | €1.2m | €1.3m | €1.3m | €1.4m | ▲ 6.1% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €966,170 | €1.1m | €1.2m | €1.3m | €1.3m | ▲ 6.4% |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | €961,170 | €1.1m | €1.2m | €1.3m | €1.3m | ▲ 6.4% |
| Amounts payable17/49 | €654,894 | €892,064 | €468,509 | €437,632 | €452,625 | ▲ 3.4% |
| Amounts payable after more than one year17 | €35,430 | €126,476 | - | - | €64,936 | - |
| Financial debts170/4 | €35,430 | €126,476 | - | - | €64,936 | - |
| Amounts payable within one year42/48 | €619,464 | €765,587 | €468,509 | €437,632 | €387,689 | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | €47,044 | €68,954 | €6,476 | - | €32,408 | - |
| Trade debts44 | €244,006 | €269,899 | €230,984 | €270,306 | €172,094 | ▼ 36.3% |
| Suppliers440/4 | €244,006 | €269,899 | €230,984 | €270,306 | €172,094 | ▼ 36.3% |
| Taxes, remuneration and social security45 | €166,958 | €212,626 | €121,211 | €78,103 | €73,000 | ▼ 6.5% |
| Taxes450/3 | €150,065 | €188,113 | €103,780 | €58,305 | €55,775 | ▼ 4.3% |
| Remuneration and social security454/9 | €16,893 | €24,512 | €17,432 | €19,798 | €17,225 | ▼ 13.0% |
| Other amounts payable47/48 | €161,457 | €214,109 | €109,838 | €89,223 | €110,188 | ▲ 23.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €392,408 | €356,447 | €208,980 | €112,682 | €180,398 | ▲ 60.1% |
| + Depreciation and write-downs630 | €84,737 | €70,170 | €75,841 | €64,446 | €73,392 | ▲ 13.9% |
| Operating cash flow (approximation) | €477,144 | €426,618 | €284,821 | €177,127 | €253,791 | ▲ 43.3% |
| Investment in fixed assets (approximation) | - | -€303,432 | -€14,443 | -€22,401 | -€114,739 | ▼ 412% |
| Change in cash | - | €121,698 | -€194,819 | -€5,014 | €39,458 | ▲ 887% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €392,408 ▲143%
Operating result €522,253, net result €392,408, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲31.3%
3 profitable years in a row build equity to €1.0m.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Eupen · 1 establishment unit since 1960
Ground area
1.3 ha
Building footprint
2,316 m²
Volume, LiDAR
14,986 m³
Parcel 63023A0086/00F002, Wallonia · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Herbesthal 130, 4700 Eupen
since 19602.006.571.395
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63023A0086/00F002 | Wallonia | 1.3 ha | 1 · 2,316 m² | 13.1 m · 2 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 855 companies in sector 46832 we hold annual accounts for 588. 429 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
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
47522Retail trade
Scores and ratios are computed by Checked and are not a credit decision.