LANTERNE
ActiveSummary
LANTERNE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €158,892 and a net result of -€32,236. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability9▼-72
Solvency64▼-11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.51 against 1.76 in 2023; short-term debt: 60.3% and cash: 4.4% of total assets), but 61.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
38.9%
Return on assets
-7.9%
Age of the figures
21 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
147 d late
2022
121 d late
2021
91 d late
2020
87 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 114 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€158,892▼ 16.9%
2023 · €191,128
Total assets
€407,944▲ 6.9%
2023 · €381,645
Net result
-€32,236
2023 · €37,944
Working capital
€126,585▼ 9.9%
2023 · €140,504
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€57,944▼ 41.7%€55,585▼ 4.1%€96,732▲ 74.0%€53,315▼ 44.9%-€29,069
Net result€36,663above the sector's middle half▼ 53.1%€35,041above the sector's middle half▼ 4.4%€72,633above the sector's middle half▲ 107%€37,944above the sector's middle half▼ 47.8%-€32,236below the sector's middle half
Equity€147,510above the sector's middle half▲ 33.1%€160,551above the sector's middle half▲ 8.8%€183,184above the sector's middle half▲ 14.1%€191,128above the sector's middle half▲ 4.3%€158,892above the sector's middle half▼ 16.9%
Total assets€278,111within the sector's middle half▲ 1.6%€286,738within the sector's middle half▲ 3.1%€432,102above the sector's middle half▲ 50.7%€381,645above the sector's middle half▼ 11.7%€407,944above the sector's middle half▲ 6.9%
Debt€130,602▼ 19.8%€126,187▼ 3.4%€248,919▲ 97.3%€190,517▼ 23.5%€249,053▲ 30.7%
Working capital€170,797above the sector's middle half▲ 154%€137,488above the sector's middle half▼ 19.5%€163,757above the sector's middle half▲ 19.1%€140,504above the sector's middle half▼ 14.2%€126,585above the sector's middle half▼ 9.9%
Solvency53.0%within the sector's middle half▲ 12.5pp56.0%within the sector's middle half▲ 3.0pp42.4%within the sector's middle half▼ 13.6pp50.1%within the sector's middle half▲ 7.7pp38.9%within the sector's middle half▼ 11.1pp
Current ratio3.25above the sector's middle half▲ 1.832.18within the sector's middle half▼ 1.071.86within the sector's middle half▼ 0.321.76within the sector's middle half▼ 0.101.51within the sector's middle half▼ 0.25
Return on assets (ROA)13.2%within the sector's middle half▼ 15.4pp12.2%within the sector's middle half▼ 1.0pp16.8%within the sector's middle half▲ 4.6pp9.9%within the sector's middle half▼ 6.9pp-7.9%below the sector's middle half▼ 17.8pp
Staff (FTE)1within the sector's middle half=1=1=2.2▲ 120%2.2=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €29,069 after €53,315 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €407,944
Fixed assets
€35,544 ▼ 37.8%
Current assets
€372,400 ▲ 14.7%
Equity and liabilities €407,944
Equity
€158,892 ▼ 16.9%
Debt
€249,053 ▲ 30.7%
Debt's share of the balance-sheet total rises from 49.9% to 61.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,513▼
2023 · €75,794
Cash flow
-€10,680▼
2023 · €60,423
Debt to equity
1.57▲
2023 · 1.00
ROE
-20.3%▼
2023 · 19.9%
Interest coverage
-2.37▼
2023 · 14.67
Debt ≤ 1 year
€245,815▲
2023 · €184,041
Debt > 1 year
€3,238▼
2023 · €6,476
Staff costs
€72,394▼
2023 · €86,814
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 6,915 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 | - | €48,811 | €51,005 | €86,814 | €72,394 | ▼ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,867 | €21,565 | €26,162 | €22,479 | €21,556 | ▼ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €4,700 | - | - | - |
| Other operating charges640/8 | - | €6,494 | €4,940 | €5,967 | €4,188 | ▼ 29.8% |
| Gross operating margin9900 | €119,380 | €132,455 | €183,539 | €168,575 | €69,069 | ▼ 59.0% |
| Operating profit (loss)9901 | €57,944 | €55,585 | €96,732 | €53,315 | -€29,069 | ▼ 155% |
| Financial income75/76B | - | €162 | - | - | - | - |
| Recurring financial income75 | - | €162 | - | - | - | - |
| Financial charges65/66B | - | €5,271 | €7,192 | €5,165 | €3,167 | ▼ 38.7% |
| Recurring financial charges65 | €4,169 | €5,271 | €7,192 | €5,165 | €3,167 | ▼ 38.7% |
| Non-recurring financial charges66B | - | - | - | €5,165 | €3,167 | ▼ 38.7% |
| Profit (loss) for the period before taxes9903 | €53,774 | €50,476 | €89,540 | €48,150 | -€32,236 | ▼ 167% |
| Income taxes67/77 | €17,111 | €15,435 | €16,907 | €10,206 | - | - |
| Profit (loss) for the period9904 | €36,663 | €35,041 | €72,633 | €37,944 | -€32,236 | ▼ 185% |
| Profit (loss) for the period to be appropriated9905 | €36,663 | €35,041 | €72,633 | €37,944 | -€32,236 | ▼ 185% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278,111 | €286,738 | €432,102 | €381,645 | €407,944 | ▲ 6.9% |
| Fixed assets21/28 | €31,325 | €32,778 | €77,770 | €57,100 | €35,544 | ▼ 37.8% |
| Tangible fixed assets22/27 | €31,325 | €32,778 | €77,770 | €57,100 | €35,544 | ▼ 37.8% |
| Plant, machinery and equipment23 | - | €5,582 | €9,645 | €7,769 | €6,498 | ▼ 16.4% |
| Furniture and vehicles24 | - | €20,828 | €60,456 | €44,296 | €26,211 | ▼ 40.8% |
| Other tangible fixed assets26 | - | €6,367 | €7,668 | €5,035 | €2,835 | ▼ 43.7% |
| Current assets29/58 | €246,787 | €253,961 | €354,332 | €324,544 | €372,400 | ▲ 14.7% |
| Amounts receivable within one year40/41 | €229,448 | €228,482 | €301,664 | €316,713 | €353,532 | ▲ 11.6% |
| Trade receivables40 | - | €109,144 | €86,474 | €109,372 | €131,699 | ▲ 20.4% |
| Other amounts receivable41 | - | €119,338 | €215,190 | €207,341 | €221,833 | ▲ 7.0% |
| Cash at bank and in hand54/58 | €13,510 | €24,496 | €48,021 | €7,117 | €17,920 | ▲ 152% |
| Deferred charges and accrued income490/1 | - | €982 | €4,647 | €714 | €947 | ▲ 32.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278,111 | €286,738 | €432,102 | €381,645 | €407,944 | ▲ 6.9% |
| Equity10/15 | €147,510 | €160,551 | €183,184 | €191,128 | €158,892 | ▼ 16.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Capital10 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €8,600 | €8,600 | €8,600 | €8,600 | = |
| Reserves13 | €137,510 | €150,551 | €173,184 | €181,128 | €148,892 | ▼ 17.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €148,691 | €171,324 | €179,268 | €147,032 | ▼ 18.0% |
| Amounts payable17/49 | €130,602 | €126,187 | €248,919 | €190,517 | €249,053 | ▲ 30.7% |
| Amounts payable after more than one year17 | - | €9,714 | €9,714 | €6,476 | €3,238 | ▼ 50.0% |
| Financial debts170/4 | - | €9,714 | €9,714 | €6,476 | €3,238 | ▼ 50.0% |
| Amounts payable within one year42/48 | €75,990 | €116,473 | €190,575 | €184,041 | €245,815 | ▲ 33.6% |
| Current portion of amounts payable after more than one year42 | - | €3,238 | €33,485 | €25,813 | €52,916 | ▲ 105% |
| Trade debts44 | €29,973 | €63,961 | €64,219 | €57,040 | €79,171 | ▲ 38.8% |
| Suppliers440/4 | - | €63,961 | €64,219 | €57,040 | €79,171 | ▲ 38.8% |
| Taxes, remuneration and social security45 | - | €49,274 | €42,871 | €71,188 | €69,307 | ▼ 2.6% |
| Taxes450/3 | - | €43,982 | €40,909 | €39,030 | €13,263 | ▼ 66.0% |
| Remuneration and social security454/9 | - | €5,292 | €1,962 | €32,158 | €56,044 | ▲ 74.3% |
| Other amounts payable47/48 | - | - | €50,000 | €30,000 | €44,421 | ▲ 48.1% |
| Accrued charges and deferred income492/3 | - | - | €48,629 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,663 | €35,041 | €72,633 | €37,944 | -€32,236 | ▼ 185% |
| + Depreciation and write-downs630 | €20,867 | €21,565 | €26,162 | €22,479 | €21,556 | ▼ 4.1% |
| Operating cash flow (approximation) | €57,530 | €56,606 | €98,794 | €60,423 | -€10,680 | ▼ 118% |
| Investment in fixed assets (approximation) | - | -€23,018 | -€71,154 | -€1,810 | €0 | ▲ 100% |
| Change in cash | - | €10,987 | €23,525 | -€40,905 | €10,804 | ▲ 126% |
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
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
2024
31-12
Financial
Weakest financial yearnet -€32,236
Net result drops to -€32,236, the lowest in the series.
25-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 147 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 91 days late
2021
31-12
Financial
Equity above €150,000Eq €160,551 ▲8.8%
4 profitable years in a row build equity to €160,551.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 3.25
Current ratio from 1.42 to 3.25; short-term debt falls from €161,195 to €75,990.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Highest result since 2018net €78,238 ▲152%
Operating result €99,416, net result €78,238, both a record.
31-12
Financial
Equity above €100,000Eq €110,846 ▲77%
2 profitable years in a row build equity to €110,846.
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Flémalle · 1 establishment unit since 2014
Ground area
3,458 m²
Building footprint
156 m²
Volume, LiDAR
949 m³
Parcel 62083C0919/00H000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Route Napoléon 369, 4400 Flémalle
since 20142.230.539.249
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62083C0919/00H000 | Wallonia | 3,458 m² | 1 · 156 m² | 9.4 m · 2 fl. |
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.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,898 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Contact
Phone
0472/47.83.55Flémalle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543955709
Also
9925:BE0543955709
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.