LCEBE
ActiveSummary
LCEBE has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68.6m and a net result of €496,437. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 17,039 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,000 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €70,945 | €72,862 | €192,224 | €179,349 | €216,721 | ▲ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3.0m | €2.9m | €3.6m | €3.6m | €3.8m | ▲ 5.5% |
| Other operating charges640/8 | €1.4m | €1.5m | €1.7m | €1.6m | €1.8m | ▲ 11.1% |
| Gross operating margin9900 | €4.5m | €21.3m | €4.8m | €5.4m | €6.7m | ▲ 25.1% |
| Operating profit (loss)9901 | €87,182 | €16.9m | -€688,740 | €50,452 | €993,222 | ▲ 1,869% |
| Financial income75/76B | €992,562 | €409,742 | €753,731 | €747,956 | €908,704 | ▲ 21.5% |
| Recurring financial income75 | €992,562 | €409,742 | €753,731 | €747,956 | €908,704 | ▲ 21.5% |
| Financial charges65/66B | €698,910 | €296,674 | €690,703 | €593,004 | €1.1m | ▲ 91.4% |
| Recurring financial charges65 | €698,910 | €296,674 | €690,703 | €593,004 | €734,781 | ▲ 23.9% |
| Non-recurring financial charges66B | - | - | - | - | €400,000 | - |
| Profit (loss) for the period before taxes9903 | €380,834 | €17.0m | -€625,712 | €205,404 | €767,145 | ▲ 273% |
| Transfer from deferred taxes780 | - | €26,681 | €249,565 | €185,640 | €215,613 | ▲ 16.1% |
| Transfer to deferred taxes680 | €34,355 | €4.2m | - | - | €176,904 | - |
| Income taxes67/77 | €176,451 | €134,181 | €110,302 | €267,553 | €309,417 | ▲ 15.6% |
| Profit (loss) for the period9904 | €170,028 | €12.7m | -€486,448 | €123,491 | €496,437 | ▲ 302% |
| Transfer from tax-exempt reserves789 | €142,808 | €261,350 | €962,502 | €560,227 | €650,148 | ▲ 16.1% |
| Transfer to tax-exempt reserves689 | - | €12.5m | - | - | €530,713 | - |
| Profit (loss) for the period to be appropriated9905 | €312,837 | €468,590 | €476,054 | €683,719 | €615,872 | ▼ 9.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72.4m | €87.0m | €97.7m | €99.2m | €103.3m | ▲ 4.1% |
| Fixed assets21/28 | €69.9m | €81.7m | €94.4m | €97.2m | €101.2m | ▲ 4.2% |
| Intangible fixed assets21 | - | - | - | €1,512 | €20,093 | ▲ 1,229% |
| Tangible fixed assets22/27 | €44.5m | €49.3m | €74.3m | €78.0m | €78.7m | ▲ 0.9% |
| Land and buildings22 | €41.4m | €46.2m | €71.1m | €74.9m | €75.4m | ▲ 0.7% |
| Plant, machinery and equipment23 | - | - | €2,870 | €2,180 | €1,491 | ▼ 31.6% |
| Furniture and vehicles24 | €120,447 | €156,605 | €183,144 | €147,196 | €192,136 | ▲ 30.5% |
| Other tangible fixed assets26 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Assets under construction and advance payments27 | - | - | - | - | €128,609 | - |
| Financial fixed assets28 | €25.4m | €32.4m | €20.1m | €19.1m | €22.5m | ▲ 17.7% |
| Current assets29/58 | €2.5m | €5.3m | €3.3m | €2.0m | €2.1m | ▲ 1.7% |
| Amounts receivable within one year40/41 | €1.7m | €1.1m | €3.1m | €1.7m | €1.4m | ▼ 17.2% |
| Trade receivables40 | €1.2m | €699,199 | €2.5m | €700,058 | €811,448 | ▲ 15.9% |
| Other amounts receivable41 | €554,635 | €445,570 | €614,939 | €1.0m | €626,789 | ▼ 39.5% |
| Current investments50/53 | €70 | €70 | €70 | €71 | €71 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €477,371 | €3.9m | €53,857 | €108,466 | €134,131 | ▲ 23.7% |
| Deferred charges and accrued income490/1 | €284,640 | €197,656 | €152,809 | €182,956 | €490,093 | ▲ 168% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72.4m | €87.0m | €97.7m | €99.2m | €103.3m | ▲ 4.1% |
| Equity10/15 | €56.1m | €68.8m | €68.4m | €68.6m | €68.6m | = |
| Contributions10/11 | €17.4m | €17.4m | €17.4m | €17.4m | €17.4m | = |
| Capital10 | €14.8m | €14.8m | €14.8m | €14.8m | €14.8m | = |
| Issued capital100 | €14.8m | €14.8m | €14.8m | €14.8m | €14.8m | = |
| Outside capital11 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Share premium1100/10 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Revaluation surpluses12 | - | - | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €38.7m | €51.3m | €49.3m | €49.4m | €49.4m | = |
| Non-distributable reserves130/1 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Legal reserve130 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Tax-exempt reserves132 | €1.1m | €13.4m | €17.6m | €20.5m | €20.4m | ▼ 0.6% |
| Distributable reserves133 | €36.1m | €36.5m | €30.2m | €27.4m | €27.6m | ▲ 0.4% |
| Investment grants15 | - | €42,012 | €114,957 | €243,331 | €229,897 | ▼ 5.5% |
| Provisions and deferred taxes16 | €250,030 | €4.4m | €4.1m | €4.0m | €3.9m | ▼ 1.0% |
| Deferred taxes168 | €250,030 | €4.4m | €4.1m | €4.0m | €3.9m | ▼ 1.0% |
| Amounts payable17/49 | €16.0m | €13.8m | €25.2m | €26.6m | €30.8m | ▲ 15.6% |
| Amounts payable after more than one year17 | €12.8m | €10.3m | €20.6m | €21.9m | €25.2m | ▲ 14.9% |
| Financial debts170/4 | €11.5m | €10.3m | €20.5m | €21.9m | €25.2m | ▲ 14.9% |
| Other amounts payable178/9 | €1.3m | €11,640 | €11,640 | €2,545 | €2,545 | = |
| Amounts payable within one year42/48 | €3.2m | €3.5m | €4.6m | €4.6m | €5.5m | ▲ 19.6% |
| Current portion of amounts payable after more than one year42 | €1.6m | €1.7m | €2.6m | €2.8m | €2.5m | ▼ 12.4% |
| Trade debts44 | €855,732 | €1.1m | €1.4m | €1.2m | €1.7m | ▲ 34.9% |
| Suppliers440/4 | €855,732 | €1.1m | €1.4m | €1.2m | €1.7m | ▲ 34.9% |
| Advances received on contracts in progress46 | €270,711 | €155,485 | €43,041 | €64,646 | €88,404 | ▲ 36.8% |
| Taxes, remuneration and social security45 | €232,353 | €216,002 | €140,566 | €329,683 | €625,005 | ▲ 89.6% |
| Taxes450/3 | €228,147 | €209,835 | €120,518 | €312,646 | €602,406 | ▲ 92.7% |
| Remuneration and social security454/9 | €4,206 | €6,167 | €20,048 | €17,037 | €22,599 | ▲ 32.6% |
| Other amounts payable47/48 | €223,455 | €299,427 | €297,421 | €124,680 | €624,433 | ▲ 401% |
| Accrued charges and deferred income492/3 | €2,428 | €47,770 | €132,354 | €132,512 | €131,270 | ▼ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €170,028 | €12.7m | -€486,448 | €123,491 | €496,437 | ▲ 302% |
| + Depreciation and write-downs630 | €3.0m | €2.9m | €3.6m | €3.6m | €3.8m | ▲ 5.5% |
| Operating cash flow (approximation) | €3.1m | €15.6m | €3.1m | €3.7m | €4.3m | ▲ 15.4% |
| Investment in fixed assets (approximation) | - | -€14.7m | -€16.3m | -€6.3m | -€7.8m | ▼ 24.1% |
| Change in cash | - | €3.4m | -€3.9m | €54,610 | €25,665 | ▼ 53.0% |
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
17-08
State Gazette act
Capital & shares · RestructuringMerger · Shareholding · Declaration13 facts ▸
- General meeting, 13-07-2026
- Merger, operation assimilee a fusion par absorption, universel
- Shareholding
- Declaration, absence de titres à droits spéciaux, la présente société n'a pas émis de titres susceptibles de procurer des droits spéciaux à leurs titulaires
- Declaration, absence d'avantages particuliers, aucun avantage particulier ne sera conféré aux membres des organes de gestion des sociétés concernées
- Declaration, compatibilité des objets, l'objet de la présente société absorbante et de la société absorbée sont parfaitement compatibles, de sorte qu'il n'y a pas lieu de mo…
- Other statement, avantages particuliers, Aucun avantage particulier ne sera attribué, à l'occasion de la fusion, aux membres des organes de gestion des sociétés concernées, cell…
- Other statement, composition conseil d'administration, La composition du conseil d'administration de la présente société absorbante ne sera pas modifiée ensuite de la réalisatio…
- Other statement, comptes annuels de la société absorbée LES HAUTS DE HANNONSART arrêtés à la date du 31 décembre 2025, à 24.00 heures, valorisation patrimoine
- Other statement, modifications situation comptable, Depuis la date d'établissement du projet de fusion, ni la situation comptable de la société absorbée, ni celle de la société…
- Other statement, fonds de commerce, La société absorbée LES HAUTS DE HANNONDART ne dispose pas à proprement parler d'un fonds de commerce dès lors que son patrimoine est exclusi…
- Real estate, un projet immobilier en cours de construction, sur et avec une parcelle de terrain sise à Lasne, à front de la Chaussée de Louvain et de la rue aux Fleurs, cada…
- +1 further facts in this act
24-03
State Gazette act
Appointment: Gaël Cruysmans (director)2 facts ▸
- General meeting, 13/11/2025
- Director appointment, Gaël Cruysmans (director)
Show earlier events
About the unread acts
Of the 26 Belgian State Gazette acts we know for this company, 2 have been read. The other 24 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
4 establishment units
5 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0128/00L008 | Brussels | 5,588 m² | 1 · 422 m² | 18.0 m · 5 fl. |
| 21019A0206/00R005 | Brussels | 2,566 m² | 1 · 974 m² | 28.5 m · 9 fl. |
| 93053B0657/00C000 | Wallonia | 1,958 m² | 1 · 245 m² | - |
| 21019A0206/00H005 | Brussels | 1,291 m² | 1 · 597 m² | 29.1 m · 9 fl. |
| 21332B0026/00M002 | Brussels | 208 m² | 1 · 208 m² | 18.5 m · 4 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Gael CRUYSMANS |
|
Articles of association
Structure & network
Owners and holdings
1 owner · 4 holdingsChain of control
- JCMLA HOLDING
- LCEBE
Highest known parent: JCMLA HOLDING. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 4
-
100%
- LES HAUTS DE HANNONSARTsubsidiaryEquity €2.7mResult -€73,354100%
- THE NESTWORKsubsidiaryEquity -€948,798Result -€324,995100%
-
14.41%
Stated earlier (2)
An older source named these holdings; newer accounts no longer list them.
- 100%
- 100%
According to the 2025 annual accounts of LCEBE and those 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
3 connected companiesAcquisitions and mergers
1 transactionRecognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
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.