LANCEO
ActiveLANCEO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €253k and a net result of €40k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 60 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 7.39 against 6.46 in 2024; short-term debt: 13.4% and cash: 18% of total assets), and 13.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
86.6%
Return on assets
13.6%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 21
Relative position
BE, all sectors
reference
Sector 21
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
29 d late
2023
30 d late
2022
10 d early
2021
29 d late
2020
149 d late
2019
89 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€253k▲ 18.7%
2024 · €213k
2018: €139k
2019: €150k
2020: €178k
2021: €174k
2022: €196k
2023: €204k
2024: €213k
2018 → 2025
Total assets
€292k▲ 16.8%
2024 · €250k
2018: €163k
2019: €177k
2020: €216k
2021: €265k
2022: €231k
2023: €229k
2024: €250k
2018 → 2025
Net result
€40k▲ 23.3%
2024 · €32k
2018: €23k
2019: €11k
2020: €28k
2021: €29k
2022: €21k
2023: €17k
2024: €32k
2018 → 2025
Working capital
€250k▲ 24.2%
2024 · €201k
2018: €119k
2019: €133k
2020: €166k
2021: €163k
2022: €163k
2023: €182k
2024: €201k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€174k-€196k▲ 12.2%€204k▲ 4.0%€213k▲ 4.5%€253k▲ 18.7%
Operating result€54k-€29k▼ 46.3%€24k▼ 16.7%€45k▲ 85.9%€54k▲ 19.1%
Net result€29k-€21k▼ 25.1%€17k▼ 21.8%€32k▲ 93.7%€40k▲ 23.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €292k
Fixed assets
€3k▼ 75.3%
Current assets
€289k▲ 21.4%
Equity and liabilities €292k
Equity
€253k▲ 18.7%
Debt
€39k▲ 6.1%
The debt ratio falls from 14.7% to 13.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63k▲
2024 · €55k
Cash flow
€49k▲
2024 · €42k
Solvency
86.6%▲
2024 · 85.3%
Current ratio
7.39▲
2024 · 6.46
Quick ratio
7.39▲
2024 · 6.46
Debt / equity
0.15▼
2024 · 0.17
ROE
15.8%▲
2024 · 15.2%
ROA
13.6%▲
2024 · 12.9%
Interest coverage
278.56▲
2024 · 129.47
Debt
€39k▲
2024 · €37k
Debt ≤ 1 year
€39k▲
2024 · €37k
Income taxes
€16k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€250k€292k▲
Fixed assets21/28€12k€3k▼
Tangible fixed assets22/27€12k€3k▼
Plant, machinery and equipment23€1k€544▼
Furniture and vehicles24€10k€2k▼
Other tangible fixed assets26€410-
Current assets29/58€238k€289k▲
Amounts receivable within one year40/41€21k€62k▲
Trade receivables40€18k€62k▲
Other amounts receivable41€3k€171▼
Current investments50/53€162k€163k▲
Cash at bank and in hand54/58€55k€52k▼
Deferred charges and accrued income490/1€760€11k▲
Equity and liabilities
Total equity and liabilities10/49€250k€292k▲
Equity10/15€213k€253k▲
Contributions10/11€6k€6k=
Reserves13€207k€247k▲
Distributable reserves133€207k€247k▲
Amounts payable17/49€37k€39k▲
Amounts payable within one year42/48€37k€39k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€28k€32k▲
Taxes450/3€28k€32k▲
Other amounts payable47/48€4k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€741€364▼
Gross operating margin9900€56k€63k▲
Operating profit (loss)9901€45k€54k▲
Financial income75/76B€918€2k▲
Recurring financial income75€918€2k▲
Financial charges65/66B€527€225▼
Recurring financial charges65€424€225▼
Non-recurring financial charges66B€103-
Profit (loss) for the period before taxes9903€46k€56k▲
Income taxes67/77€13k€16k▲
Profit (loss) for the period9904€32k€40k▲
Profit (loss) for the period to be appropriated9905€32k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€40k▲
Transfer from equity791/2€23k-
Transfer to equity691/2€32k€40k▲
To other reserves6921€32k€40k▲
Profit to be distributed694/7€23k-
Return on contributions (dividend)694€23k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Highest result since 2018net €40k ▲23.3%
Net result €40k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200kEq €204k ▲4%
6 profitable years in a row build equity to €204k.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.64
Current ratio from 2.80 to 5.64; short-term debt falls from €90k to €35k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 149 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet €11k ▼52.3%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €150k ▲7.9%
2 profitable years in a row build equity to €150k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Vorselaar · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pallaaraard 302290 VorselaarGround area
6,594 m²
Building footprint
158 m²
Volume, LiDAR
1,025 m³
Parcel 13044D0228/00E000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LANCEO
since 20112.199.826.277
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13044D0228/00E000 | Flanders | 6,594 m² | 1 · 158 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
C-THAT
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EQUIBOR
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Manage · Eq €249k
Plant Bio Technologies
BE 0537.556.083
Gent · Eq €240k
Sartorius Xpress Biologics
BE 0550.686.915
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TAKEAIR
BE 0658.744.222
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Of 148 companies in sector 21100 we hold annual accounts for 108. 72 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2011
Fiscal year end31-12
Activities, NACEBEL
21100Manufacture of basic pharmaceutical products and pharmaceutical preparations
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.