LANOR
InactiveFinancials · financial year 2025, micro format
2025 annual accounts filed 3 days after the deadline Filed on 27 August 2025, deadline 24 August 2025 (7 months after the close on 24 January 2025, Companies Code art. 3:10). Source: NBB, 2025-00410101.
Annual accounts 2025 filed on 27-08-2025 PDF all 39 filings
Turnover
≈ €35,000
Estimated: probably between €16,000 and €83,000
Total assets
€623,596▲ 0.3%
2024 · €621,600
Net result
-€230,909
2024 · €31,835
Working capital
€189,844▼ 55.8%
2024 · €429,808
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€3,172
▼ 92.6%
2025
20182025
Net result
-€230,909
2025
20182025
Equity
€383,950
▼ 37.6%
2025
20182025
Total assets
€623,596
▲ 0.3%
2025
20182025
Debt
€239,645
▲ 36×
2025
20182025
Working capital
€189,844
▼ 55.8%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€12,619-€17,977▲ 42.5%€26,318▲ 46.4%€33,575▲ 27.6%€40,124▲ 19.5%€46,788▲ 16.6%€42,792▼ 8.5%€3,172▼ 92.6%
Net result€12,304-€17,677▲ 43.7%€42,869▲ 143%€115,306▲ 169%€90,152▼ 21.8%-€95,654€31,835-€230,909
Equity€412,675-€430,352▲ 4.3%€473,221▲ 10.0%€588,527▲ 24.4%€678,678▲ 15.3%€583,024▼ 14.1%€614,860▲ 5.5%€383,950▼ 37.6%
Total assets€433,820-€436,988▲ 0.7%€474,132▲ 8.5%€591,127▲ 24.7%€686,632▲ 16.2%€593,740▼ 13.5%€621,600▲ 4.7%€623,596▲ 0.3%
Debt€21,145-€6,637▼ 68.6%€911▼ 86.3%€2,600▲ 185%€7,953▲ 206%€10,716▲ 34.7%€6,740▼ 37.1%€239,645▲ 36×
Working capital€242,165-€263,585▲ 8.8%€324,628▲ 23.2%€450,501▲ 38.8%€543,166▲ 20.6%€443,564▼ 18.3%€429,808▼ 3.1%€189,844▼ 55.8%
The operating result for 2025 is 93% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €623,596
Fixed assets
€194,106 ▲ 4.9%
Current assets
€429,489 ▼ 1.6%
Equity and liabilities €623,596
Equity
€383,950 ▼ 37.6%
Debt
€239,645 ▲ 36×
Debt's share of the balance-sheet total rises from 1.1% to 38.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,531▼
2024 · €54,535
Cash flow
-€229,551▼
2024 · €43,579
Current ratio
1.79▼
2024 · 64.77
Debt to equity
0.62▲
2024 · 0.01
ROE
-60.1%▼
2024 · 5.2%
ROA
-37.0%▼
2024 · 5.1%
Interest coverage
55.73▼
2024 · over 100
Debt ≤ 1 year
€239,645▲
2024 · €6,740
Income taxes
€234,000▲
2024 · €10,738
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 24-01-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,005 | €9,011 | €16,891 | €57,335 | €10,413 |
| Depreciation and write-downs of the year | €16,452 | €11,478 | €10,194 | €11,743 | €1,359 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,015 | €32,278 | €27,795 | €16,452 | €11,478 | €10,194 | €11,743 | €1,359 | ▼ 88.4% |
| Other operating charges640/8 | - | - | - | €8,344 | €8,539 | €9,361 | €9,827 | - | - |
| Gross operating margin9900 | €51,649 | €58,427 | €62,398 | €58,371 | €60,141 | €66,343 | €64,362 | €4,531 | ▼ 93.0% |
| Operating profit (loss)9901 | €12,619 | €17,977 | €26,318 | €33,575 | €40,124 | €46,788 | €42,792 | €3,172 | ▼ 92.6% |
| Financial income75/76B | - | - | - | €89,919 | €68,277 | €11,160 | - | - | - |
| Recurring financial income75 | €62 | €62 | €23,572 | €89,919 | €68,277 | €11,160 | - | - | - |
| Financial charges65/66B | - | - | - | €8,188 | €8,256 | €140,310 | €219 | €81 | ▼ 62.8% |
| Recurring financial charges65 | €368 | €372 | €4,723 | €8,188 | €8,256 | €140,310 | €219 | €81 | ▼ 62.8% |
| Profit (loss) for the period before taxes9903 | €12,313 | €17,667 | €45,168 | €115,306 | €100,145 | -€82,362 | €42,573 | €3,091 | ▼ 92.7% |
| Income taxes67/77 | €9 | -€10 | €2,299 | - | €9,993 | €13,292 | €10,738 | €234,000 | ▲ 22× |
| Profit (loss) for the period9904 | €12,304 | €17,677 | €42,869 | €115,306 | €90,152 | -€95,654 | €31,835 | -€230,909 | - |
| Profit (loss) for the period to be appropriated9905 | €12,304 | €17,677 | €42,869 | €115,306 | €90,152 | -€95,654 | €31,835 | -€230,909 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €433,820 | €436,988 | €474,132 | €591,127 | €686,632 | €593,740 | €621,600 | €623,596 | ▲ 0.3% |
| Fixed assets21/28 | €190,060 | €172,516 | €148,592 | €138,145 | €135,678 | €139,460 | €185,052 | €194,106 | ▲ 4.9% |
| Tangible fixed assets22/27 | €188,634 | €171,091 | €147,167 | €136,720 | €134,252 | €138,035 | €183,626 | €192,681 | ▲ 4.9% |
| Land and buildings22 | - | - | - | €130,518 | €129,497 | €121,027 | €168,492 | €177,682 | ▲ 5.5% |
| Plant, machinery and equipment23 | - | - | - | €737 | €491 | €15,561 | €14,232 | €14,141 | ▼ 0.6% |
| Furniture and vehicles24 | - | - | - | €5,465 | €4,264 | €1,446 | €903 | €858 | ▼ 5.0% |
| Financial fixed assets28 | €1,425 | €1,425 | €1,425 | €1,425 | €1,425 | €1,425 | €1,425 | €1,425 | = |
| Current assets29/58 | €243,761 | €264,472 | €325,539 | €452,982 | €550,954 | €454,280 | €436,548 | €429,489 | ▼ 1.6% |
| Amounts receivable within one year40/41 | - | €9 | - | €2,152 | €2,152 | €8,000 | €428,525 | €423,525 | ▼ 1.2% |
| Trade receivables40 | - | - | - | - | - | €8,000 | €14,658 | €14,658 | = |
| Other amounts receivable41 | - | - | - | €2,152 | €2,152 | - | €413,868 | €408,868 | ▼ 1.2% |
| Current investments50/53 | - | - | €174,173 | €292,251 | €444,035 | - | - | - | - |
| Cash at bank and in hand54/58 | €240,880 | €261,771 | €148,583 | €155,373 | €101,526 | €444,994 | €4,579 | €2,903 | ▼ 36.6% |
| Deferred charges and accrued income490/1 | - | - | - | €3,206 | €3,241 | €1,286 | €3,444 | €3,061 | ▼ 11.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €433,820 | €436,988 | €474,132 | €591,127 | €686,632 | €593,740 | €621,600 | €623,596 | ▲ 0.3% |
| Equity10/15 | €412,675 | €430,352 | €473,221 | €588,527 | €678,678 | €583,024 | €614,860 | €383,950 | ▼ 37.6% |
| Contributions10/11 | €496,000 | €496,000 | €496,000 | €496,000 | €496,000 | €496,000 | €496,000 | €496,000 | = |
| Capital10 | - | - | - | €496,000 | €496,000 | €496,000 | €496,000 | €496,000 | = |
| Issued capital100 | - | - | - | €496,000 | €496,000 | €496,000 | €496,000 | €496,000 | = |
| Reserves13 | €50,134 | €50,134 | €50,134 | €52,254 | €56,761 | €56,761 | €56,761 | €56,761 | = |
| Non-distributable reserves130/1 | - | - | - | €16,993 | €21,501 | €21,501 | €21,501 | €21,501 | = |
| Legal reserve130 | - | - | - | €16,993 | €21,501 | €21,501 | €21,501 | €21,501 | = |
| Distributable reserves133 | - | - | - | €35,261 | €35,261 | €35,261 | €35,261 | €35,261 | = |
| Profit (loss) carried forward14 | -€133,459 | -€115,783 | -€72,914 | €40,273 | €125,917 | €30,263 | €62,098 | -€168,811 | - |
| Amounts payable17/49 | €21,145 | €6,637 | €911 | €2,600 | €7,953 | €10,716 | €6,740 | €239,645 | ▲ 36× |
| Amounts payable within one year42/48 | €1,595 | €887 | €911 | €2,481 | €7,788 | €10,716 | €6,740 | €239,645 | ▲ 36× |
| Trade debts44 | €1,091 | €887 | €911 | €2,481 | €2,925 | €354 | €5,839 | €4,744 | ▼ 18.8% |
| Suppliers440/4 | - | - | - | €2,481 | €2,925 | €354 | €5,839 | €4,744 | ▼ 18.8% |
| Taxes, remuneration and social security45 | - | - | - | - | €4,863 | €10,362 | €901 | €234,901 | ▲ 261× |
| Taxes450/3 | - | - | - | - | €4,863 | €10,362 | €901 | €234,901 | ▲ 261× |
| Accrued charges and deferred income492/3 | - | - | - | €120 | €166 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,304 | €17,677 | €42,869 | €115,306 | €90,152 | -€95,654 | €31,835 | -€230,909 | - |
| + Depreciation and write-downs630 | €31,015 | €32,278 | €27,795 | €16,452 | €11,478 | €10,194 | €11,743 | €1,359 | ▼ 88.4% |
| Operating cash flow (approximation) | €43,318 | €49,954 | €70,664 | €131,758 | €101,630 | -€85,461 | €43,579 | -€229,551 | - |
| Investment in fixed assets (approximation) | - | -€14,734 | -€3,871 | -€6,005 | -€9,011 | -€13,976 | -€57,335 | -€10,413 | ▲ 81.8% |
| Change in cash | - | €20,892 | -€113,188 | €6,791 | -€53,847 | €343,468 | -€440,414 | -€1,677 | ▲ 99.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 24-01-2025 | micro format | 27-08-2025 | 2025-00410101 | |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00348199 | |
| 31-12-2023 | micro format | 03-07-2024 | 2024-00199237 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00391140 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20112355 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27000103 | |
| 31-12-2019 | micro format | 01-07-2020 | 2020-23400531 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-50800599 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-29800566 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-50600356 |