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LANHAN

Active
Public limited companyfounded 20251 yr activePlace de St Symphorien 24, 7030 Mons, BelgiumKBO/BCE: BE 1027.908.406
Summary

The computed 12-month bankruptcy probability of LANHAN is 1.5% (moderate). The 2025 annual accounts show equity of €28,459 and a net result of -€33,041. Its solvency ranks better than 10% of 647 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability14
Solvency28
Growth-
Track record67
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.1; short-term debt: 96.5% and cash: 0.1% of total assets), and 96.9% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
3.1%
Return on assets
-3.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 647 sector peers (2025).
NBB · sector comparison
Position among 647 sector peers
Solvency
better than 10%
← weakest strongest →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
17 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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

LANHAN was incorporated on 22 September 2025 as a Public limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

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

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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
-€33,041
Working capital
-€798,443
Balance-sheet composition
Assets €918,279
Fixed assets €827,477
Current assets €90,802
Equity and liabilities €921,703
Equity €28,459
Debt €893,244
Debt finances 96.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€28,336
Cash flow
-€28,363
Current ratio
0.10
Quick ratio
0.08
Debt to equity
31.39
ROE
-116.1%
ROA
-3.6%
Interest coverage
-1045.60
Debt ≤ 1 year
€889,244
Staff costs
€880

Peer companies

Historical observation

Of the 120 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 96% are still going.

  • Small
  • under 2 years old
  • solvency under 10%
  • a small loss
2.5% went bankrupt
1.7% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 120 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 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€921,703
Formation expenses20€3,424
Fixed assets21/28€827,477
Tangible fixed assets22/27€827,477
Plant, machinery and equipment23€298,711
Furniture and vehicles24€9,657
Other tangible fixed assets26€308,571
Assets under construction and advance payments27€210,538
Current assets29/58€90,802
Stocks and contracts in progress3€20,572
Stocks30/36€20,572
Amounts receivable within one year40/41€69,325
Trade receivables40€1,928
Other amounts receivable41€67,397
Cash at bank and in hand54/58€600
Deferred charges and accrued income490/1€305
Equity and liabilities
Total equity and liabilities10/49€921,703
Equity10/15€28,459
Contributions10/11€61,500
Capital10€61,500
Issued capital100€61,500
Profit (loss) carried forward14-€33,041
Amounts payable17/49€893,244
Amounts payable within one year42/48€889,244
Trade debts44€472,619
Suppliers440/4€472,619
Other amounts payable47/48€416,625
Accrued charges and deferred income492/3€4,000
Income statement Code2025
Non-recurring operating income76A€0
Remuneration, social security and pensions62€880
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,678
Gross operating margin9900-€27,455
Operating profit (loss)9901-€33,014
Financial charges65/66B€27
Recurring financial charges65€27
Profit (loss) for the period before taxes9903-€33,041
Profit (loss) for the period9904-€33,041
Profit (loss) for the period to be appropriated9905-€33,041
Appropriation of the result
Profit (loss) to be appropriated9906-€33,041
Social balance
Average headcount (FTE)90870.0

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Non-recurring operating income76A€0
Remuneration, social security and pensions62€880
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,678
Gross operating margin9900-€27,455
Operating profit (loss)9901-€33,014
Financial charges65/66B€27
Recurring financial charges65€27
Profit (loss) for the period before taxes9903-€33,041
Profit (loss) for the period9904-€33,041
Profit (loss) for the period to be appropriated9905-€33,041
Line2025
Assets
Total assets20/58€921,703
Formation expenses20€3,424
Fixed assets21/28€827,477
Tangible fixed assets22/27€827,477
Plant, machinery and equipment23€298,711
Furniture and vehicles24€9,657
Other tangible fixed assets26€308,571
Assets under construction and advance payments27€210,538
Current assets29/58€90,802
Stocks and contracts in progress3€20,572
Stocks30/36€20,572
Amounts receivable within one year40/41€69,325
Trade receivables40€1,928
Other amounts receivable41€67,397
Cash at bank and in hand54/58€600
Deferred charges and accrued income490/1€305
Equity and liabilities
Total equity and liabilities10/49€921,703
Equity10/15€28,459
Contributions10/11€61,500
Capital10€61,500
Issued capital100€61,500
Profit (loss) carried forward14-€33,041
Amounts payable17/49€893,244
Amounts payable within one year42/48€889,244
Trade debts44€472,619
Suppliers440/4€472,619
Other amounts payable47/48€416,625
Accrued charges and deferred income492/3€4,000
Line2025
Profit (loss) for the period9904-€33,041
+ Depreciation and write-downs630€4,678
Operating cash flow (approximation)-€28,363

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

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Timeline · acts, filings and financial milestones

2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Mons · 1 establishment unit since 2025
establishment The establishment unit on the map
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.

Place de St Symphorien 247030 Mons
Ground area
3,139 m²
Building footprint
586 m²
Parcel 64034A0642/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Boulangerie Louise
Rue de Landen 88, 4280 HannutArtisanal bread and fresh pastry making
since 20252.378.601.039
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
64034A0642/00P000 Wallonia 3,139 m² 1 · 586 m² -
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.

Structure & network

Part of the group TRADITIONAL BREAD BELGIUM 32 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. TRADITIONAL BREAD BELGIUM 100%
  2. LANHAN

Highest known parent: TRADITIONAL BREAD BELGIUM. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Hannut2.378.601.039
2 permissions
Toelating · Bakkerij · since 06-01-2026
Toelating · Eetgelegenheid · since 06-01-2026

Similar companies · same sector, comparable size

Of 4,228 companies in sector 10712 we hold annual accounts for 1,874. 1,393 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded22-09-2025
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1027908406
Registered 15-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.