Lannoo
ActiveSummary
Lannoo has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €942,638 and a net result of €197,012. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 9084 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▼-6
Solvency100▲+24
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 3.05 against 1.73 in 2023; short-term debt: 25.1% and cash: 0.5% of total assets), and 25.1% of the assets are financed with debt.
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Signals
Six 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
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
74.9%
Return on assets
15.6%
Age of the figures
21 mo
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
41 d early
2023
54 d early
2022
61 d early
2021
3 d early
2020
32 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 19 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€942,638▲ 26.4%
2023 · €745,626
Total assets
€1.3m▼ 13.2%
2023 · €1.5m
Net result
€197,012▼ 32.6%
2023 · €292,180
Working capital
€649,585▲ 26.7%
2023 · €512,672
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€90,146▼ 67.9%-€93,364€138,352€449,112▲ 225%€280,004▼ 37.7%
Net result€57,276within the sector's middle half▼ 70.6%-€96,567below the sector's middle half€122,732within the sector's middle half€292,180above the sector's middle half▲ 138%€197,012above the sector's middle half▼ 32.6%
Equity€1.7mabove the sector's middle half▲ 3.4%€1.7mabove the sector's middle half▼ 5.5%€1.8mabove the sector's middle half▲ 7.4%€745,626within the sector's middle half▼ 57.9%€942,638within the sector's middle half▲ 26.4%
Total assets€2.1mwithin the sector's middle half▼ 3.1%€2.0mwithin the sector's middle half▼ 0.8%€2.0mwithin the sector's middle half▼ 1.8%€1.5mwithin the sector's middle half▼ 27.5%€1.3mwithin the sector's middle half▼ 13.2%
Debt€243,096▼ 33.7%€322,795▲ 32.8%€164,364▼ 49.1%€705,546▲ 329%€316,690▼ 55.1%
Working capital€1.4mabove the sector's middle half▲ 12.5%€1.4mabove the sector's middle half▼ 0.7%€1.6mabove the sector's middle half▲ 12.7%€512,672within the sector's middle half▼ 67.7%€649,585within the sector's middle half▲ 26.7%
Solvency85.1%above the sector's middle half▲ 5.4pp81.0%above the sector's middle half▼ 4.0pp88.6%above the sector's middle half▲ 7.6pp51.4%within the sector's middle half▼ 37.2pp74.9%above the sector's middle half▲ 23.5pp
Current ratio6.83above the sector's middle half▲ 2.395.36above the sector's middle half▼ 1.4710.67above the sector's middle half▲ 5.311.73within the sector's middle half▼ 8.943.05within the sector's middle half▲ 1.32
Return on assets (ROA)2.8%within the sector's middle half▼ 6.4pp-4.7%below the sector's middle half▼ 7.5pp6.1%within the sector's middle half▲ 10.9pp20.1%above the sector's middle half▲ 14.0pp15.6%above the sector's middle half▼ 4.5pp
Staff (FTE)2within the sector's middle half=1below the sector's middle half▼ 50.0%1.2below the sector's middle half▲ 20.0%1.1within the sector's middle half▼ 8.3%1within the sector's middle half▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 38% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€293,053 ▲ 25.8%
Current assets
€966,275 ▼ 20.7%
Equity and liabilities €1.3m
Equity
€942,638 ▲ 26.4%
Debt
€316,690 ▼ 55.1%
Debt's share of the balance-sheet total falls from 48.6% to 25.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€340,681▼
2023 · €497,011
Cash flow
€257,689▼
2023 · €340,079
Quick ratio
1.60▲
2023 · 0.88
Debt to equity
0.34▼
2023 · 0.95
ROE
20.9%▼
2023 · 39.2%
Interest coverage
329.42▼
2023 · 1356.77
Debt ≤ 1 year
€316,690▼
2023 · €705,546
Income taxes
€84,439▼
2023 · €173,033
Staff costs
€64,836▼
2023 · €91,470
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 31,370 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €75,294 | €82,318 | €91,470 | €64,836 | ▼ 29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €105,596 | €87,341 | €73,886 | €47,899 | €60,677 | ▲ 26.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€63,392 | - | - |
| Other operating charges640/8 | - | €22,117 | €22,722 | €24,469 | €23,303 | ▼ 4.8% |
| Gross operating margin9900 | €360,577 | €91,388 | €317,277 | €549,558 | €428,821 | ▼ 22.0% |
| Operating profit (loss)9901 | €90,146 | -€93,364 | €138,352 | €449,112 | €280,004 | ▼ 37.7% |
| Financial income75/76B | - | €852 | €657 | €16,467 | €2,480 | ▼ 84.9% |
| Recurring financial income75 | €1,261 | €852 | €657 | €16,467 | €2,480 | ▼ 84.9% |
| Financial charges65/66B | - | €3,456 | €2,610 | €366 | €1,034 | ▲ 182% |
| Recurring financial charges65 | €10,634 | €3,456 | €2,610 | €366 | €1,034 | ▲ 182% |
| Profit (loss) for the period before taxes9903 | €80,774 | -€95,968 | €136,399 | €465,213 | €281,450 | ▼ 39.5% |
| Income taxes67/77 | €23,498 | €599 | €13,667 | €173,033 | €84,439 | ▼ 51.2% |
| Profit (loss) for the period9904 | €57,276 | -€96,567 | €122,732 | €292,180 | €197,012 | ▼ 32.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €88,946 | - | - |
| Profit (loss) for the period to be appropriated9905 | €57,276 | -€96,567 | €122,732 | €381,125 | €197,012 | ▼ 48.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.0m | €2.0m | €1.5m | €1.3m | ▼ 13.2% |
| Fixed assets21/28 | €393,289 | €305,948 | €250,562 | €232,954 | €293,053 | ▲ 25.8% |
| Tangible fixed assets22/27 | €372,789 | €285,448 | €230,062 | €231,663 | €292,283 | ▲ 26.2% |
| Land and buildings22 | - | €223,620 | €209,835 | €179,780 | €149,724 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | €197 | - | - | - | - |
| Furniture and vehicles24 | - | €61,631 | €20,227 | €51,884 | €142,559 | ▲ 175% |
| Financial fixed assets28 | €20,500 | €20,500 | €20,500 | €1,290 | €770 | ▼ 40.3% |
| Current assets29/58 | €1.7m | €1.7m | €1.7m | €1.2m | €966,275 | ▼ 20.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €520 | - |
| Other amounts receivable291 | - | - | - | - | €520 | - |
| Stocks and contracts in progress3 | €174,709 | €299,700 | €343,291 | €600,309 | €459,594 | ▼ 23.4% |
| Stocks30/36 | - | €299,700 | €343,291 | €600,309 | €459,594 | ▼ 23.4% |
| Amounts receivable within one year40/41 | €597,259 | €776,640 | €854,891 | €402,352 | €497,590 | ▲ 23.7% |
| Trade receivables40 | - | €741,091 | €852,837 | €395,607 | €491,558 | ▲ 24.3% |
| Other amounts receivable41 | - | €35,549 | €2,054 | €6,745 | €6,032 | ▼ 10.6% |
| Cash at bank and in hand54/58 | €885,130 | €649,839 | €550,868 | €211,677 | €6,575 | ▼ 96.9% |
| Deferred charges and accrued income490/1 | - | €4,072 | €888 | €3,879 | €1,996 | ▼ 48.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €2.0m | €1.5m | €1.3m | ▼ 13.2% |
| Equity10/15 | €1.7m | €1.7m | €1.8m | €745,626 | €942,638 | ▲ 26.4% |
| Contributions10/11 | €947,527 | €947,527 | €947,527 | €62,000 | €62,000 | = |
| Capital10 | - | €947,527 | €947,527 | €62,000 | €62,000 | = |
| Issued capital100 | - | €947,527 | €947,527 | €62,000 | €62,000 | = |
| Reserves13 | €799,052 | €799,052 | €825,217 | €683,626 | €880,638 | ▲ 28.8% |
| Non-distributable reserves130/1 | - | €49,156 | €50,464 | €35,005 | €35,005 | = |
| Legal reserve130 | - | €44,093 | €45,402 | €29,942 | €29,942 | = |
| Reserves not available under the articles1311 | - | €5,063 | €5,062 | €5,062 | €5,062 | = |
| Tax-exempt reserves132 | - | €88,945 | €88,946 | - | - | - |
| Distributable reserves133 | - | €660,951 | €685,807 | €648,621 | €845,633 | ▲ 30.4% |
| Profit (loss) carried forward14 | - | -€96,567 | - | - | - | - |
| Provisions and deferred taxes16 | €63,392 | €63,392 | €63,392 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €63,392 | €63,392 | - | - | - |
| Pensions and similar obligations160 | - | €63,392 | €63,392 | - | - | - |
| Amounts payable17/49 | €243,096 | €322,795 | €164,364 | €705,546 | €316,690 | ▼ 55.1% |
| Amounts payable within one year42/48 | €243,092 | €322,789 | €164,064 | €705,546 | €316,690 | ▼ 55.1% |
| Trade debts44 | €100,335 | €176,873 | €119,447 | €228,638 | €259,419 | ▲ 13.5% |
| Suppliers440/4 | - | €176,873 | €119,447 | €228,638 | €259,419 | ▲ 13.5% |
| Taxes, remuneration and social security45 | - | €55,916 | €44,617 | €43,137 | €54,872 | ▲ 27.2% |
| Taxes450/3 | - | €15,219 | €24,750 | €30,693 | €43,017 | ▲ 40.2% |
| Remuneration and social security454/9 | - | €40,697 | €19,866 | €12,444 | €11,855 | ▼ 4.7% |
| Other amounts payable47/48 | - | €90,000 | - | €433,771 | €2,400 | ▼ 99.4% |
| Accrued charges and deferred income492/3 | - | €6 | €300 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,276 | -€96,567 | €122,732 | €292,180 | €197,012 | ▼ 32.6% |
| + Depreciation and write-downs630 | €105,596 | €87,341 | €73,886 | €47,899 | €60,677 | ▲ 26.7% |
| Operating cash flow (approximation) | €162,872 | -€9,226 | €196,618 | €340,079 | €257,689 | ▼ 24.2% |
| Investment in fixed assets (approximation) | - | €0 | -€18,500 | -€30,290 | -€120,776 | ▼ 299% |
| Change in cash | - | -€235,291 | -€98,971 | -€339,191 | -€205,102 | ▲ 39.5% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €292,180 ▲138%
Operating result €449,112, net result €292,180, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €122,732
Net result €122,732 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€96,567
Net result drops to -€96,567, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Kortrijk · 2 establishment units since 1959
Ground area
1.0 ha
Building footprint
949 m²
Volume, LiDAR
4,355 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
FIRMA LANNOO NV
since 19592.006.353.938
Firma Lannoo
since 20102.191.205.848
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029A0836/00M000 | Flanders | 8,975 m² | 1 · 765 m² | 6.2 m · 1 fl. |
| 34016B0239/00W002 | Flanders | 1,516 m² | 1 · 183 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 1,923 EUR awarded · 1,923 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,923 EUR | 1,923 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesKortrijk2.006.353.938
Wevelgem2.191.205.848
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Of 689 companies in sector 46216 we hold annual accounts for 476. 397 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
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
01471Crop and animal production, hunting and related service activities
01461Pig breeding farms
46392Non-specialised wholesale
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405349043
Also
9925:BE0405349043
Registered
17-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.