Summary
LCN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €258,580 and a net result of €109. Equity is growing by about 29% per year across the filed financial years. Its solvency ranks better than 87% of 9,727 sector peers (NACE 64, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€258,580=
2024 · €258,471
Net result
€109▼ 44.8%
2024 · €198
Total assets
€292,276▼ 3.1%
2024 · €301,661
Solvency
88.5%▲ 2.8pp
2024 · 85.7%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €5,708 in 2025 against €5,633 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€5,708
2025
Net result€109
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€292,276
2025
Equity€258,580
2025
Debt€33,696
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€262,380
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency88.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio9.78
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€9,023-€7,932▼ 12.1%€7,690▼ 3.1%€5,363▼ 30.3%-€59,110-€3,301▲ 94.4%-€5,633▼ 70.6%-€5,708▼ 1.3%
Net result€2,542-€1,672▼ 34.2%€829below the sector's middle half▼ 50.4%€384below the sector's middle half▼ 53.6%€239,818above the sector's middle half▲ 624×€117below the sector's middle half▼ 100.0%€198below the sector's middle half▲ 69.5%€109below the sector's middle half▼ 44.8%
Equity€15,453-€17,126▲ 10.8%€17,955below the sector's middle half▲ 4.8%€18,339below the sector's middle half▲ 2.1%€258,157within the sector's middle half▲ 14×€258,273within the sector's middle half=€258,471within the sector's middle half▲ 0.1%€258,580within the sector's middle half=
Total assets€340,877-€308,115▼ 9.6%€278,939within the sector's middle half▼ 9.5%€253,462within the sector's middle half▼ 9.1%€260,455within the sector's middle half▲ 2.8%€302,527within the sector's middle half▲ 16.2%€301,661within the sector's middle half▼ 0.3%€292,276within the sector's middle half▼ 3.1%
Debt€325,423-€290,989▼ 10.6%€260,984▼ 10.3%€235,123▼ 9.9%€2,298▼ 99.0%€44,254▲ 19×€43,190▼ 2.4%€33,696▼ 22.0%
Working capital€1,574--€15,274-€33,051within the sector's middle half▼ 116%-€38,386below the sector's middle half▼ 16.1%€246,959above the sector's middle half€253,274above the sector's middle half▲ 2.6%€253,472above the sector's middle half▲ 0.1%€262,380above the sector's middle half▲ 3.5%
Solvency4.5%-5.6%▲ 1.0pp6.4%below the sector's middle half▲ 0.9pp7.2%below the sector's middle half▲ 0.8pp99.1%above the sector's middle half▲ 91.9pp85.4%above the sector's middle half▼ 13.7pp85.7%above the sector's middle half▲ 0.3pp88.5%above the sector's middle half▲ 2.8pp
Current ratio1.04-0.63▼ 0.410.32below the sector's middle half▼ 0.310.16below the sector's middle half▼ 0.166.72above the sector's middle half6.87above the sector's middle half▲ 0.159.78above the sector's middle half▲ 2.91
Return on assets (ROA)0.7%-0.5%▼ 0.2pp0.3%below the sector's middle half▼ 0.2pp0.2%below the sector's middle half▼ 0.1pp92.1%above the sector's middle half▲ 91.9pp0.0%below the sector's middle half▼ 92.0pp0.1%below the sector's middle half=0.0%below the sector's middle half=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €292,276
Equity
€258,580 =
Debt
€33,696 ▼ 22.0%
Debt's share of the balance-sheet total falls from 14.3% to 11.5%. Debt is lower.
Key figures and ratios
ROE
0.0%▼
2024 · 0.1%
Debt ≤ 1 year
€29,896▼
2024 · €43,190
Income taxes
€40▼
2024 · €74
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
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 | €22,201 | €20,425 | €18,791 | €17,288 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,994 | €1,707 | €499 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €33,087 | €30,117 | €28,314 | €24,644 | -€57,404 | -€2,802 | -€5,120 | -€5,181 | ▼ 1.2% |
| Operating profit (loss)9901 | €9,023 | €7,932 | €7,690 | €5,363 | -€59,110 | -€3,301 | -€5,633 | -€5,708 | ▼ 1.3% |
| Financial income75/76B | - | - | - | - | €384,973 | €4,456 | €9,809 | €8,729 | ▼ 11.0% |
| Recurring financial income75 | €583 | €456 | €0 | - | €1,452 | €3,859 | €9,809 | €8,729 | ▼ 11.0% |
| Non-recurring financial income76B | - | - | - | - | €383,521 | €598 | - | - | - |
| Financial charges65/66B | - | - | - | €4,502 | €5,084 | €980 | €3,905 | €2,872 | ▼ 26.5% |
| Recurring financial charges65 | €6,234 | €5,927 | €5,040 | €4,502 | €5,084 | €980 | €3,905 | €2,872 | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €3,372 | €2,461 | €2,650 | €861 | €320,779 | €175 | €272 | €149 | ▼ 45.2% |
| Income taxes67/77 | €830 | €789 | €1,821 | €476 | €80,961 | €58 | €74 | €40 | ▼ 46.4% |
| Profit (loss) for the period9904 | €2,542 | €1,672 | €829 | €384 | €239,818 | €117 | €198 | €109 | ▼ 44.8% |
| Profit (loss) for the period to be appropriated9905 | €2,542 | €1,672 | €829 | €384 | €239,818 | €117 | €198 | €109 | ▼ 44.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €340,877 | €308,115 | €278,939 | €253,462 | €260,455 | €302,527 | €301,661 | €292,276 | ▼ 3.1% |
| Fixed assets21/28 | €302,506 | €282,081 | €263,290 | €246,007 | €11,198 | €4,999 | €4,999 | - | - |
| Tangible fixed assets22/27 | €291,313 | €270,888 | €252,097 | €234,809 | - | - | - | - | - |
| Land and buildings22 | - | - | - | €234,809 | - | - | - | - | - |
| Financial fixed assets28 | €11,193 | €11,193 | €11,193 | €11,198 | €11,198 | €4,999 | €4,999 | - | - |
| Current assets29/58 | €38,371 | €26,034 | €15,649 | €7,455 | €249,257 | €297,528 | €296,662 | €292,276 | ▼ 1.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €240,125 | €229,854 | €229,854 | €236,354 | ▲ 2.8% |
| Other amounts receivable291 | - | - | - | - | €240,125 | €229,854 | €229,854 | €236,354 | ▲ 2.8% |
| Amounts receivable within one year40/41 | €12,429 | €7,661 | €11,022 | - | €442 | €60,381 | €60,321 | €50,295 | ▼ 16.6% |
| Other amounts receivable41 | - | - | - | - | €442 | €60,381 | €60,321 | €50,295 | ▼ 16.6% |
| Cash at bank and in hand54/58 | €6,590 | €5,529 | €4,627 | €7,455 | €8,690 | €2,542 | €6,487 | €1,784 | ▼ 72.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €4,750 | - | €3,842 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €340,877 | €308,115 | €278,939 | €253,462 | €260,455 | €302,527 | €301,661 | €292,276 | ▼ 3.1% |
| Equity10/15 | €15,453 | €17,126 | €17,955 | €18,339 | €258,157 | €258,273 | €258,471 | €258,580 | = |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €3,532 | €4,361 | €4,746 | €4,746 | €4,862 | €4,862 | €4,862 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €2,886 | €2,886 | €3,002 | €4,862 | €4,862 | = |
| Profit (loss) carried forward14 | €7,393 | €7,393 | €7,393 | €7,393 | €247,211 | €247,211 | €247,409 | €247,518 | = |
| Amounts payable17/49 | €325,423 | €290,989 | €260,984 | €235,123 | €2,298 | €44,254 | €43,190 | €33,696 | ▼ 22.0% |
| Amounts payable after more than one year17 | €288,626 | €249,682 | €212,284 | €189,282 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €189,282 | - | - | - | - | - |
| Amounts payable within one year42/48 | €36,797 | €41,308 | €48,700 | €45,841 | €2,298 | €44,254 | €43,190 | €29,896 | ▼ 30.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,002 | - | - | - | - | - |
| Financial debts43 | - | - | - | - | - | €43,000 | €39,500 | €29,600 | ▼ 25.1% |
| Credit institutions430/8 | - | - | - | - | - | €43,000 | €39,500 | €29,600 | ▼ 25.1% |
| Trade debts44 | €1,280 | €205 | €200 | €442 | - | - | €3,376 | - | - |
| Suppliers440/4 | - | - | - | €442 | - | - | €3,376 | - | - |
| Advances received on contracts in progress46 | - | - | - | €1 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,709 | €961 | €58 | €132 | €114 | ▼ 14.1% |
| Taxes450/3 | - | - | - | €1,964 | €961 | €58 | €132 | €114 | ▼ 14.1% |
| Remuneration and social security454/9 | - | - | - | €745 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €19,687 | €1,337 | €1,195 | €182 | €182 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €3,800 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,542 | €1,672 | €829 | €384 | €239,818 | €117 | €198 | €109 | ▼ 44.8% |
| + Depreciation and write-downs630 | €22,201 | €20,425 | €18,791 | €17,288 | - | - | - | - | - |
| Operating cash flow (approximation) | €24,743 | €22,097 | €19,620 | €17,672 | €239,818 | €117 | €198 | €109 | ▼ 44.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5 | €234,809 | €6,199 | €0 | - | - |
| Change in cash | - | -€1,060 | -€902 | €2,828 | €1,235 | -€6,147 | €3,945 | -€4,702 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00286827 |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00259867 |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00232668 |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00185353 |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20274994 |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26500125 |
| 31-12-2019 | micro format | 16-07-2020 | 2020-30600402 |
| 31-12-2018 | micro format | 25-07-2019 | 2019-38300289 |
| 31-12-2017 | micro format | 21-06-2018 | 2018-21800225 |
| 31-12-2016 | micro format | 23-06-2017 | 2017-20800219 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 13,846 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.