Equity
€348,494 ▼ 8.3%
LEAN-CLASSICS paid out €43,327 in dividends. That is 367% of the 2025 profit.
LEAN-CLASSICS
Lifetime
16 annual accounts with figures on one time axispeak €470,151 (2024)
€406,711▼ 13.5%
peak €139,331 (2020)
€11,795▼ 72.0%
peak €380,026 (2024)
€348,494▼ 8.3%
€966,572▲ 17.5%
peak 5.2 FTE (2024)
4.9 FTE▼ 5.8%
Board2 names since 2021
2 directorsMartine Decanniere and 1 other
Documentsfilings and deeds
17-09-202648 days late
2025abbreviated format
Gross margin from €470,151 to €406,711Result from €42,066 to €11,795Dividend €43,327Debts from €822,604 to €966,572Investments €229,796Cash from €4,915 to €33,813
Key points
from the 2025 annual accountsDebts
€966,572 73% of the balance sheet
Financial debts 75%Suppliers 10%Taxes and wages 4%Other 10%
Of this, €240,199 falls due within a year.
Investments
€229,796 2.9 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 23.9% higher than in 2024.
2025 accounts filed 48 days after the deadline
Checked score
66
Healthy
Financially stronger than 33% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.1%▼ -0.1 percentage points vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.0%▼ -0.1 percentage points vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.3%▲ +0.2 percentage points vs 06-2025
08-2025: 2.0%▲ +0.7 percentage points vs 07-2025
09-2025: 1.0%▼ -1.0 percentage point vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.1%▲ +0.1 percentage points vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.1%▲ +0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 2.1%▲ +0.9 percentage points vs 07-2026
09-2026: 2.5%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 0.9%▼ -1.6 percentage points vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 48 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 1.33, cash €33,813
lowers risk
Founded in 2009
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 28% of them on solvency, 40% on liquidity, 37% on profitability and 26% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as LEAN-CLASSICS has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEAN-CLASSICS itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for LEAN-CLASSICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33 (1.52 in 2024), below the usual 1.5. Short-term debt is 18.3% and cash 2.6% of total assets. 73.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 48 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
48 days late
2024
1 day late
2023
34 days early
2022
95 days late
2021
110 days late
2020
30 days late
2019
104 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 51 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 September (4 of the last 5 accounts filed within 62 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0821383429
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Lendelede
Registered office moved to Lendelede
New registered office: Spoelwielenlaan 4A, 8860 Lendelede · Changes of role: Van Luchene Lesley (director) and Martine Decanniere (director) · General meeting of 29-03-2022 · Gazette deed
First establishment
Spoelewielenlaan 4A, Lendelede
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEAN-CLASSICS Lendelede | €1.3m | €406,711 | 26.5% | 4.9 |
| Pure Projects Merksplas | €1.2m | €506,888 | 14.0% | 4.2 |
| BETA CONSTRUCTIONS Mons | €1.2m | €325,313 | 37.8% | 5 |
| GOEDEMONT KRISTOF Sint-Gillis-Waas | €1.0m | €341,146 | 29.5% | 4 |
| ROOMS G. - ALGEMENE BOUWONDERNEMING Sint-Niklaas | €1.2m | €545,247 | 14.7% | 6.2 |
| MAXIME DEWITTE Comines-Warneton | €1.6m | €602,510 | 60.8% | 6 |
| VERCAMER MATHIAS Waregem | €1.2m | €501,427 | 16.9% | 3 |
These companies have the same main activity as LEAN-CLASSICS: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €994,000 and €1.6m, founded between 2006 and 2012.
Official details
Source: KBO- Status
- Active since 07-12-2009Normal situation
- Activity
- Bricklaying and masonry workNACE 43910and 6 others
- Establishment unit
- 2.183.368.1498860 Lendelede, since 01-01-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Annual accounts 2025
- ≈ €1.0mestimated
- €1.3m▲ 9.3%
- Employeeson 31-12-2025
- 5=
- Filing
- Filed on 17-09-2026
Insights on LEAN-CLASSICS
LEAN-CLASSICS files the abbreviated format. That format states no turnover. The gross margin rose from €128,137 in 2010 to €406,711 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LEAN-CLASSICS
- What is the company number of LEAN-CLASSICS?
- The company number of LEAN-CLASSICS is 0821.383.429. The VAT number is the same number with BE in front: BE 0821.383.429.
- Where is LEAN-CLASSICS based?
- The registered office is at Spoelewielenlaan 4A, 8860 Lendelede.Company details
- What does LEAN-CLASSICS do?
- According to the KBO register, the main activity is bricklaying and masonry work (NACE 43910).
- What is the legal form of LEAN-CLASSICS?
- LEAN-CLASSICS is a private limited company (BV).
- When was LEAN-CLASSICS founded?
- LEAN-CLASSICS was founded on 07-12-2009.
- Is LEAN-CLASSICS still active?
- Yes, LEAN-CLASSICS is an active enterprise in the KBO register.
- How many employees does LEAN-CLASSICS have?
- LEAN-CLASSICS had an average of 4.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LEAN-CLASSICS?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €406,711 and 37 comparable companies (NACE 439). It probably lies between €780,000 and €1.6m.
- Is LEAN-CLASSICS profitable?
- In financial year 2025, LEAN-CLASSICS made a profit of €11,795.
- Where can I find the annual accounts of LEAN-CLASSICS?
- LEAN-CLASSICS filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LEAN-CLASSICS due?
- LEAN-CLASSICS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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