LCen
ActiveLCen has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115k and a net result of €7k. Equity is growing by ~48.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-69
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 2.25 in 2024), and 35.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 46
higher
← 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 2025Solvency, return and age of the figures
Solvency
64.4%
Return on assets
3.9%
Age of the figures
8 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 08-04-2026, 114 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
114 d early
2024
8 d early
2023
on the day
2022
21 d early
2021
6 d early
2020
45 d late
2019
52 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€115k▲ 6.5%
2024 · €108k
2018: €-2k
2019: €13k
2020: €17k
2021: €22k
2022: €50k
2023: €84k
2024: €108k
2018 → 2025
Total assets
€179k▲ 11.8%
2024 · €160k
2018: €33k
2019: €51k
2020: €53k
2021: €58k
2022: €103k
2023: €148k
2024: €160k
2018 → 2025
Net result
€7k▼ 70.8%
2024 · €24k
2018: €-13k
2019: €15k
2020: €4k
2021: €4k
2022: €29k
2023: €34k
2024: €24k
2018 → 2025
Working capital
€88k▲ 35.4%
2024 · €65k
2018: €-13k
2019: €7k
2020: €14k
2021: €21k
2022: €50k
2023: €84k
2024: €65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€50k▲ 131%€84k▲ 67.1%€108k▲ 28.7%€115k▲ 6.5%
Operating result€5k-€39k▲ 632%€50k▲ 28.6%€37k▼ 26.8%€12k▼ 67.0%
Net result€4k-€29k▲ 552%€34k▲ 18.3%€24k▼ 28.4%€7k▼ 70.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179k
Fixed assets
€36k▼ 16.8%
Current assets
€143k▲ 22.4%
Equity and liabilities €179k
Equity
€115k▲ 6.5%
Debt
€64k▲ 22.8%
The debt ratio rises from 32.4% to 35.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€21k▼
2024 · €38k
Cash flow
€16k▼
2024 · €25k
Solvency
64.4%▼
2024 · 67.6%
Current ratio
2.60▲
2024 · 2.25
Quick ratio
2.60▲
2024 · 1.93
Debt / equity
0.55▲
2024 · 0.48
ROE
6.1%▼
2024 · 22.3%
ROA
3.9%▼
2024 · 15.1%
Interest coverage
13.50▼
2024 · 29.43
Debt
€64k▲
2024 · €52k
Debt ≤ 1 year
€55k▲
2024 · €52k
Debt > 1 year
€7k
Income taxes
€4k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€160k€179k▲
Fixed assets21/28€43k€36k▼
Tangible fixed assets22/27€43k€36k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€43k€34k▼
Financial fixed assets28€398€398=
Current assets29/58€117k€143k▲
Stocks and contracts in progress3€16k€0▼
Stocks30/36€16k€0▼
Amounts receivable within one year40/41€17k€56k▲
Trade receivables40€17k€49k▲
Other amounts receivable41€251€7k▲
Cash at bank and in hand54/58€83k€87k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€160k€179k▲
Equity10/15€108k€115k▲
Contributions10/11€19k€19k=
Reserves13€58k€65k▲
Distributable reserves133€58k€65k▲
Profit (loss) carried forward14€32k€32k=
Amounts payable17/49€52k€64k▲
Amounts payable after more than one year17-€7k
Financial debts170/4-€7k
Amounts payable within one year42/48€52k€55k▲
Current portion of amounts payable after more than one year42-€7k
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€6k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€34k€33k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€-8k▼
Other operating charges640/8€528€744▲
Gross operating margin9900€40k€14k▼
Operating profit (loss)9901€37k€12k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€36k€11k▼
Income taxes67/77€11k€4k▼
Profit (loss) for the period9904€24k€7k▼
Profit (loss) for the period to be appropriated9905€24k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€39k▼
Profit (loss) brought forward from the previous period14P€32k€32k=
Transfer to equity691/2€24k€7k▼
To other reserves6921€24k€7k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €108k ▲28.7%
6 profitable years in a row build equity to €108k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €34k ▲18.3%
Operating result €50k, net result €34k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Merelbeke-Melle · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rood Beeldekenstraat 379820 Merelbeke-MelleGround area
382 m²
Building footprint
119 m²
Parcel 44010A0813/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Rood Beeldekenstraat 37, 9820 Merelbeke-Melle
since 20162.256.864.554
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44010A0813/00D000 | Flanders | 382 m² | 1 · 119 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 536 companies in sector 46120 we hold annual accounts for 302. 196 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-09-2016
Fiscal year end31-12
Activities, NACEBEL
46120Wholesale trade
47750Retail sale of cosmetics and toilet articles
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.