LANPRO
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 11 days after the deadline Filed on 11 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00395214.
Annual accounts 2025 filed on 11-08-2026 at the NBB all 27 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€15,097
2024 · €214,890
Working capital
€14,284▼ 32.4%
2024 · €21,121
Multi-year overview
2019 to 2025, 8 financial yearsOperating result
-€13,238
2025
20192025
Net result
-€15,097
2025
middle half of the sector
20192025
Equity
€14,284
▼ 51.4%
2025
lowest quarter of the sector
20192025
Total assets
€14,487
▼ 76.0%
2025
lowest quarter of the sector
20192025
Debt
€204
▼ 99.3%
2025
20192025
Working capital
€14,284
▼ 32.4%
2025
middle half of the sector
20192025
Solvency
98.6%
▲ 49.9pp
2025
highest quarter of the sector
20192025
Current ratio
71.10
▲ 69.42
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-104.2%
▼ 460.4pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
0
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222022202320242025
Operating result€1,248-€4,686▲ 275%-€58,131-€11,413▲ 80.4%€10,513--€131,231€239,001-€13,238
Net result€106-€600▲ 468%-€59,798below the sector's middle half-€12,624below the sector's middle half▲ 78.9%€9,907within the sector's middle half--€132,393below the sector's middle half€214,890above the sector's middle half-€15,097within the sector's middle half
Equity€8,799-€9,399▲ 6.8%-€50,399below the sector's middle half-€63,022below the sector's middle half▼ 25.0%-€53,116below the sector's middle half--€185,509below the sector's middle half▼ 249%€29,381below the sector's middle half€14,284below the sector's middle half▼ 51.4%
Total assets€33,436-€20,484▼ 38.7%€25,663below the sector's middle half▲ 25.3%€25,877below the sector's middle half▲ 0.8%€36,043below the sector's middle half-€28,056below the sector's middle half▼ 22.2%€60,333below the sector's middle half▲ 115%€14,487below the sector's middle half▼ 76.0%
Debt€24,637-€11,085▼ 55.0%€26,062▲ 135%€38,899▲ 49.3%€39,159-€213,565▲ 445%€30,952▼ 85.5%€204▼ 99.3%
Working capital-€10,519--€9,919▲ 5.7%-€11,587within the sector's middle half▼ 16.8%-€24,210within the sector's middle half▼ 109%-€14,304within the sector's middle half--€194,594below the sector's middle half▼ 1,260%€21,121within the sector's middle half€14,284within the sector's middle half▼ 32.4%
Solvency26.3%-45.9%▲ 19.6pp-196.4%below the sector's middle half▼ 242.3pp-243.5%below the sector's middle half▼ 47.2pp-147.4%below the sector's middle half--661.2%below the sector's middle half▼ 513.8pp48.7%within the sector's middle half▲ 709.9pp98.6%above the sector's middle half▲ 49.9pp
Current ratio0.57-0.11▼ 0.470.56within the sector's middle half▲ 0.450.38below the sector's middle half▼ 0.180.63within the sector's middle half-0.09below the sector's middle half▼ 0.551.68within the sector's middle half▲ 1.5971.10above the sector's middle half▲ 69.42
Return on assets (ROA)0.3%-2.9%▲ 2.6pp-233.0%below the sector's middle half▼ 235.9pp-48.8%below the sector's middle half▲ 184.2pp27.5%above the sector's middle half--471.9%below the sector's middle half▼ 499.4pp356.2%above the sector's middle half▲ 828.1pp-104.2%below the sector's middle half▼ 460.4pp
Staff (FTE)0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Several financial years end in the same calendar year, so there is no annual trend.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €14,487
Equity
€14,284 ▼ 51.4%
Debt
€204 ▼ 99.3%
Debt's share of the balance-sheet total falls from 51.3% to 1.4%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.01▼
2024 · 1.05
ROE
-105.7%▼
2024 · 731.4%
Debt ≤ 1 year
€204▼
2024 · €30,925
Income taxes
€2,410▼
2024 · €23,477
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €34,694 | €6,050 | ▼ 82.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | -€50,000 | - | - | - |
| Other operating charges640/8 | - | - | - | €450 | €348 | €493 | €560 | €520 | ▼ 7.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €200,000 | - | €10,037 | - |
| Gross operating margin9900 | €1,694 | €4,951 | -€7,682 | -€10,963 | €10,860 | €19,262 | €239,562 | -€2,682 | - |
| Operating profit (loss)9901 | €1,248 | €4,686 | -€58,131 | -€11,413 | €10,513 | -€131,231 | €239,001 | -€13,238 | - |
| Financial income75/76B | - | - | - | - | - | - | €276 | €1,406 | ▲ 409% |
| Recurring financial income75 | - | - | - | - | - | - | €276 | €1,406 | ▲ 409% |
| Financial charges65/66B | - | - | - | €1,211 | €606 | €1,162 | €911 | €855 | ▼ 6.2% |
| Recurring financial charges65 | €1,142 | €4,086 | €1,667 | €1,211 | €606 | €1,162 | €911 | €855 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €106 | €600 | -€59,798 | -€12,624 | €9,907 | -€132,393 | €238,367 | -€12,687 | - |
| Income taxes67/77 | - | - | - | - | - | - | €23,477 | €2,410 | ▼ 89.7% |
| Profit (loss) for the period9904 | €106 | €600 | -€59,798 | -€12,624 | €9,907 | -€132,393 | €214,890 | -€15,097 | - |
| Profit (loss) for the period to be appropriated9905 | €106 | €600 | -€59,798 | -€12,624 | €9,907 | -€132,393 | €214,890 | -€15,097 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €33,436 | €20,484 | €25,663 | €25,877 | €36,043 | €28,056 | €60,333 | €14,487 | ▼ 76.0% |
| Fixed assets21/28 | €19,318 | €19,318 | €11,188 | €11,188 | €11,188 | €9,085 | €8,287 | €0 | ▼ 100% |
| Financial fixed assets28 | €19,318 | €19,318 | €11,188 | €11,188 | €11,188 | €9,085 | €8,287 | €0 | ▼ 100% |
| Current assets29/58 | €14,118 | €1,166 | €14,475 | €14,689 | €24,855 | €18,971 | €52,046 | €14,487 | ▼ 72.2% |
| Amounts receivable within one year40/41 | €13,804 | €1,161 | €14,291 | €14,291 | €16,322 | €12,603 | €46,331 | €12,237 | ▼ 73.6% |
| Trade receivables40 | - | - | - | - | €2,420 | €7,260 | - | - | - |
| Other amounts receivable41 | - | - | - | €14,291 | €13,902 | €5,343 | €46,331 | €12,237 | ▼ 73.6% |
| Cash at bank and in hand54/58 | €314 | €5 | €184 | €398 | €8,533 | €6,368 | €5,715 | €2,250 | ▼ 60.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €33,436 | €20,484 | €25,663 | €25,877 | €36,043 | €28,056 | €60,333 | €14,487 | ▼ 76.0% |
| Equity10/15 | €8,799 | €9,399 | -€50,399 | -€63,022 | -€53,116 | -€185,509 | €29,381 | €14,284 | ▼ 51.4% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | -€58,851 | -€58,251 | -€118,049 | -€130,672 | -€120,766 | -€253,159 | -€38,269 | -€53,366 | ▼ 39.4% |
| Provisions and deferred taxes16 | - | - | €50,000 | €50,000 | €50,000 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €50,000 | €50,000 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €50,000 | €50,000 | - | - | - | - |
| Amounts payable17/49 | €24,637 | €11,085 | €26,062 | €38,899 | €39,159 | €213,565 | €30,952 | €204 | ▼ 99.3% |
| Amounts payable within one year42/48 | €24,637 | €11,085 | €26,062 | €38,899 | €39,159 | €213,565 | €30,925 | €204 | ▼ 99.3% |
| Trade debts44 | €7,555 | €6,050 | €6,050 | €6,050 | €6,050 | €6,050 | €7,448 | €204 | ▼ 97.3% |
| Suppliers440/4 | - | - | - | €6,050 | €6,050 | €6,050 | €7,448 | €204 | ▼ 97.3% |
| Taxes, remuneration and social security45 | - | - | - | - | €259 | €265 | €23,477 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | - | €259 | €265 | €23,477 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €32,849 | €32,849 | €207,250 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €27 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106 | €600 | -€59,798 | -€12,624 | €9,907 | -€132,393 | €214,890 | -€15,097 | - |
| Operating cash flow (approximation) | €106 | €600 | -€59,798 | -€12,624 | €9,907 | -€132,393 | €214,890 | -€15,097 | - |
| Investment in fixed assets (approximation) | - | €0 | €8,130 | €0 | - | €2,103 | €798 | €8,287 | ▲ 938% |
| Change in cash | - | -€308 | €179 | €214 | - | -€2,164 | -€654 | -€3,465 | ▼ 430% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as LANPRO has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LANPRO itself is lower: 0.2% within 12 months. It rests on far more data about LANPRO than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for LANPRO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 11-08-2026 | 2026-00395214 | |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00426008 | |
| 31-12-2023 | abbreviated format | 26-08-2024 | 2024-00379160 | |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00199820 | |
| 30-06-2022 | abbreviated format | 30-01-2023 | 2023-00015909 | |
| 30-06-2021 | abbreviated format | 28-01-2022 | 2022-02600024 | |
| 30-06-2020 | abbreviated format | 27-01-2021 | 2021-02200262 | |
| 30-06-2019 | abbreviated format | 07-01-2020 | 2020-00600001 | |
| 30-06-2018 | abbreviated format | 30-01-2019 | 2019-03700049 | |
| 30-06-2017 | abbreviated format | 29-01-2018 | 2018-03200375 |