LCR Telecom
ActiveSummary
LCR Telecom has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €43k. Equity is shrinking by ~31.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 25% of 93 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+7
Solvency34▼-14
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.24 in 2024; short-term debt: 60.6% and cash: 27% of total assets), and 90.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
9.3%
Return on assets
5.6%
Age of the figures
9 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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
34 d early
2023
36 d early
2022
31 d early
2021
37 d early
2020
47 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€71k▼ 73.5%
2024 · €268k
2019: €1.72Mhighest in 7 years
2020: €1.72M▼ -0.2% vs 2019
2021: €1.15M▼ -32.9% vs 2020
2022: €879k▼ -23.8% vs 2021
2023: €618k▼ -29.7% vs 2022
2024: €268k▼ -56.6% vs 2023
2025: €71k▼ -73.5% vs 2024lowest in 7 years
2019 → 2025
Total assets
€764k▼ 35.5%
2024 · €1.18M
2019: €1.72M
2020: €1.72M▼ -0.1% vs 2019
2021: €2.69M▲ +56.4% vs 2020highest in 7 years
2022: €1.80M▼ -33.1% vs 2021
2023: €1.38M▼ -23.4% vs 2022
2024: €1.18M▼ -13.9% vs 2023
2025: €764k▼ -35.5% vs 2024lowest in 7 years
2019 → 2025
Net result
€43k▲ 7,484%
2024 · €562
2019: €22k
2020: €-3k▼ -113% vs 2019
2021: €35k▲ +1377% vs 2020
2022: €-74k▼ -308% vs 2021
2023: €-111k▼ -50.3% vs 2022lowest in 7 years
2024: €562▲ +101% vs 2023
2025: €43k▲ +7484% vs 2024highest in 7 years
2019 → 2025
Working capital
€155k▼ 1.8%
2024 · €158k
2021: €279k
2022: €254k▼ -8.8% vs 2021
2023: €315k▲ +23.9% vs 2022highest in 5 years
2024: €158k▼ -49.7% vs 2023
2025: €155k▼ -1.8% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.15M-€879k▼ 23.8%€618k▼ 29.7%€268k▼ 56.6%€71k▼ 73.5%
2021: €1.15Mhighest in 5 years
2022: €879k▼ -23.8% vs 2021
2023: €618k▼ -29.7% vs 2022
2024: €268k▼ -56.6% vs 2023
2025: €71k▼ -73.5% vs 2024lowest in 5 years
Operating result€56k-€-16k€-69k▼ 337%€44k€81k▲ 81.2%
2021: €56k
2022: €-16k▼ -128% vs 2021
2023: €-69k▼ -337% vs 2022lowest in 5 years
2024: €44k▲ +164% vs 2023
2025: €81k▲ +81.2% vs 2024highest in 5 years
Net result€35k-€-74k€-111k▼ 50.3%€562€43k▲ 7,484%
2021: €35k
2022: €-74k▼ -308% vs 2021
2023: €-111k▼ -50.3% vs 2022lowest in 5 years
2024: €562▲ +101% vs 2023
2025: €43k▲ +7484% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €764k
Fixed assets
€145k ▼ 60.2%
Current assets
€618k ▼ 24.5%
Equity and liabilities €764k
Equity
€71k ▼ 73.5%
Debt
€693k ▼ 24.4%
Debt's share of the balance-sheet total rises from 77.3% to 90.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€309k▼
2024 · €321k
Cash flow
€271k▼
2024 · €277k
Current ratio
1.34▲
2024 · 1.24
Quick ratio
1.32▲
2024 · 1.23
Debt to equity
9.76▲
2024 · 3.41
ROE
60.1%▲
2024 · 0.2%
ROA
5.6%▲
2024 · 0.0%
Interest coverage
532.45▲
2024 · 485.92
Debt ≤ 1 year
€463k▼
2024 · €661k
Debt > 1 year
€10k=
2024 · €10k
Income taxes
€39k▼
2024 · €44k
Staff costs
€482k▼
2024 · €530k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.18M€764k▼
Fixed assets21/28€366k€145k▼
Intangible fixed assets21€337k€124k▼
Tangible fixed assets22/27€24k€17k▼
Plant, machinery and equipment23€2k€8k▲
Furniture and vehicles24€22k€10k▼
Financial fixed assets28€4k€4k=
Current assets29/58€819k€618k▼
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€367k€399k▲
Trade receivables40€329k€358k▲
Other amounts receivable41€38k€41k▲
Current investments50/53€200k-
Cash at bank and in hand54/58€238k€206k▼
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€764k▼
Equity10/15€268k€71k▼
Contributions10/11€6k€6k=
Reserves13€262k€65k▼
Distributable reserves133€262k€65k▼
Amounts payable17/49€916k€693k▼
Amounts payable after more than one year17€10k€10k=
Other amounts payable178/9€10k€10k=
Amounts payable within one year42/48€661k€463k▼
Trade debts44€115k€126k▲
Suppliers440/4€115k€126k▲
Taxes, remuneration and social security45€196k€97k▼
Taxes450/3€77k€15k▼
Remuneration and social security454/9€119k€82k▼
Other amounts payable47/48€350k€240k▼
Accrued charges and deferred income492/3€246k€220k▼
Income statement
Code20242025
Non-recurring operating income76A€13k-
Remuneration, social security and pensions62€530k€482k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€276k€228k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€769€3k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€853k€795k▼
Operating profit (loss)9901€44k€81k▲
Financial income75/76B€844€2k▲
Recurring financial income75€844€2k▲
Financial charges65/66B€660€579▼
Recurring financial charges65€660€579▼
Profit (loss) for the period before taxes9903€45k€82k▲
Income taxes67/77€44k€39k▼
Profit (loss) for the period9904€562€43k▲
Profit (loss) for the period to be appropriated9905€562€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€562€43k▲
Transfer from equity791/2€349k€197k▼
Profit to be distributed694/7€350k€240k▼
Return on contributions (dividend)694€260k€95k▼
Directors or managers695€90k€145k▲
Social balance
Average headcount (FTE)90877.46.6▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €13k | - | - |
| Remuneration, social security and pensions62 | €693k | €470k | €558k | €530k | €482k | ▼ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €110k | €282k | €284k | €276k | €228k | ▼ 17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-1k | €2k | €741 | €769 | €3k | ▲ 233% |
| Other operating charges640/8 | €3k | €4k | €3k | €2k | €2k | ▼ 3.5% |
| Gross operating margin9900 | €862k | €743k | €776k | €853k | €795k | ▼ 6.8% |
| Operating profit (loss)9901 | €56k | €-16k | €-69k | €44k | €81k | ▲ 81.2% |
| Financial income75/76B | €467 | €626 | €470 | €844 | €2k | ▲ 139% |
| Recurring financial income75 | €467 | €626 | €470 | €844 | €2k | ▲ 139% |
| Financial charges65/66B | €2k | €4k | €795 | €660 | €579 | ▼ 12.2% |
| Recurring financial charges65 | €2k | €4k | €795 | €660 | €579 | ▼ 12.2% |
| Profit (loss) for the period before taxes9903 | €55k | €-19k | €-70k | €45k | €82k | ▲ 83.7% |
| Income taxes67/77 | €19k | €54k | €41k | €44k | €39k | ▼ 10.7% |
| Profit (loss) for the period9904 | €35k | €-74k | €-111k | €562 | €43k | ▲ 7,484% |
| Profit (loss) for the period to be appropriated9905 | €35k | €-74k | €-111k | €562 | €43k | ▲ 7,484% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.69M | €1.80M | €1.38M | €1.18M | €764k | ▼ 35.5% |
| Fixed assets21/28 | €1.17M | €896k | €619k | €366k | €145k | ▼ 60.2% |
| Intangible fixed assets21 | €980k | €765k | €551k | €337k | €124k | ▼ 63.3% |
| Tangible fixed assets22/27 | €189k | €127k | €64k | €24k | €17k | ▼ 27.9% |
| Plant, machinery and equipment23 | €185k | €123k | €61k | €2k | €8k | ▲ 269% |
| Furniture and vehicles24 | €3k | €4k | €3k | €22k | €10k | ▼ 56.2% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €1.51M | €899k | €757k | €819k | €618k | ▼ 24.5% |
| Stocks and contracts in progress3 | €9k | €8k | €6k | €7k | €6k | ▼ 2.3% |
| Stocks30/36 | €9k | €8k | €6k | €7k | €6k | ▼ 2.3% |
| Amounts receivable within one year40/41 | €547k | €351k | €458k | €367k | €399k | ▲ 8.6% |
| Trade receivables40 | €475k | €306k | €416k | €329k | €358k | ▲ 8.7% |
| Other amounts receivable41 | €72k | €46k | €42k | €38k | €41k | ▲ 8.0% |
| Current investments50/53 | - | - | - | €200k | - | - |
| Cash at bank and in hand54/58 | €948k | €531k | €284k | €238k | €206k | ▼ 13.3% |
| Deferred charges and accrued income490/1 | €9k | €9k | €8k | €7k | €7k | ▼ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.69M | €1.80M | €1.38M | €1.18M | €764k | ▼ 35.5% |
| Equity10/15 | €1.15M | €879k | €618k | €268k | €71k | ▼ 73.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €1.15M | €872k | €612k | €262k | €65k | ▼ 75.3% |
| Distributable reserves133 | €1.15M | €872k | €612k | €262k | €65k | ▼ 75.3% |
| Amounts payable17/49 | €1.53M | €917k | €758k | €916k | €693k | ▼ 24.4% |
| Amounts payable after more than one year17 | - | €10k | €10k | €10k | €10k | = |
| Other amounts payable178/9 | - | €10k | €10k | €10k | €10k | = |
| Amounts payable within one year42/48 | €1.23M | €645k | €442k | €661k | €463k | ▼ 29.9% |
| Financial debts43 | €3 | - | - | - | - | - |
| Credit institutions430/8 | €3 | - | - | - | - | - |
| Trade debts44 | €456k | €205k | €103k | €115k | €126k | ▲ 9.6% |
| Suppliers440/4 | €456k | €205k | €103k | €115k | €126k | ▲ 9.6% |
| Taxes, remuneration and social security45 | €177k | €175k | €190k | €196k | €97k | ▼ 50.5% |
| Taxes450/3 | €38k | €96k | €86k | €77k | €15k | ▼ 80.6% |
| Remuneration and social security454/9 | €140k | €78k | €104k | €119k | €82k | ▼ 30.9% |
| Other amounts payable47/48 | €601k | €265k | €150k | €350k | €240k | ▼ 31.4% |
| Accrued charges and deferred income492/3 | €299k | €262k | €305k | €246k | €220k | ▼ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €-74k | €-111k | €562 | €43k | ▲ 7,484% |
| + Depreciation and write-downs630 | €110k | €282k | €284k | €276k | €228k | ▼ 17.5% |
| Operating cash flow (approximation) | €146k | €208k | €173k | €277k | €271k | ▼ 2.2% |
| Investment in fixed assets (approximation) | - | €-5k | €-6k | €-23k | €-8k | ▲ 66.5% |
| Change in cash | - | €-417k | €-247k | €-46k | €-32k | ▲ 30.9% |
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
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €43k ▲7,484%
Operating result €81k, net result €43k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €562
Net result €562 after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-111k
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Wommelgem · 1 establishment unit since 2005
Ground area
1,845 m²
Building footprint
849 m²
Volume, LiDAR
7,472 m³
Parcel 11052A0107/00S000, Flanders · tallest building 20.8 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
LCR Telecom BV
since 20052.148.798.834
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0107/00S000 | Flanders | 1,845 m² | 1 · 849 m² | 20.8 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 750 EUR awarded · 541 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 209 EUR | 209 EUR |
| 2024 | 1 | 209 EUR | 0 EUR |
| 2023 | 1 | 332 EUR | 332 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,374 companies in sector 61100 we hold annual accounts for 584. 403 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
Founded10-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
Scores and ratios are computed by Checked and are not a credit decision.