LEAN-CLASSICS
ActiveSummary
LEAN-CLASSICS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €348k and a net result of €12k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency52▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.52 in 2024; short-term debt: 18.3% and cash: 2.6% of total assets), and 73.5% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
26.5%
Return on assets
0.9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
48 d late
2024
1 d late
2023
34 d early
2022
95 d late
2021
110 d late
2020
30 d late
2019
104 d late
← 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
€348k▼ 8.3%
2024 · €380k
2018: €133klowest in 8 years
2019: €172k▲ +29.1% vs 2018
2020: €307k▲ +78.3% vs 2019
2021: €321k▲ +4.4% vs 2020
2022: €347k▲ +8.2% vs 2021
2023: €358k▲ +3.1% vs 2022
2024: €380k▲ +6.2% vs 2023highest in 8 years
2025: €348k▼ -8.3% vs 2024
2018 → 2025
Total assets
€1.32M▲ 9.3%
2024 · €1.20M
2018: €255klowest in 8 years
2019: €339k▲ +32.6% vs 2018
2020: €529k▲ +56.2% vs 2019
2021: €1.24M▲ +135% vs 2020
2022: €1.31M▲ +4.9% vs 2021
2023: €1.18M▼ -9.4% vs 2022
2024: €1.20M▲ +1.7% vs 2023
2025: €1.32M▲ +9.3% vs 2024highest in 8 years
2018 → 2025
Net result
€12k▼ 72.0%
2024 · €42k
2018: €29k
2019: €43k▲ +46.9% vs 2018
2020: €139k▲ +222% vs 2019highest in 8 years
2021: €47k▼ -66.5% vs 2020
2022: €26k▼ -43.3% vs 2021
2023: €11k▼ -58.7% vs 2022lowest in 8 years
2024: €42k▲ +285% vs 2023
2025: €12k▼ -72.0% vs 2024
2018 → 2025
Working capital
€79k▼ 35.1%
2024 · €121k
2018: €120k
2019: €136k▲ +13.9% vs 2018
2020: €274k▲ +101% vs 2019highest in 8 years
2021: €173k▼ -36.9% vs 2020
2022: €123k▼ -28.6% vs 2021
2023: €106k▼ -14.0% vs 2022
2024: €121k▲ +14.5% vs 2023
2025: €79k▼ -35.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€321k-€347k▲ 8.2%€358k▲ 3.1%€380k▲ 6.2%€348k▼ 8.3%
2021: €321klowest in 5 years
2022: €347k▲ +8.2% vs 2021
2023: €358k▲ +3.1% vs 2022
2024: €380k▲ +6.2% vs 2023highest in 5 years
2025: €348k▼ -8.3% vs 2024
Operating result€63k-€44k▼ 29.6%€30k▼ 31.6%€81k▲ 170%€30k▼ 63.8%
2021: €63k
2022: €44k▼ -29.6% vs 2021
2023: €30k▼ -31.6% vs 2022
2024: €81k▲ +170% vs 2023highest in 5 years
2025: €30k▼ -63.8% vs 2024lowest in 5 years
Net result€47k-€26k▼ 43.3%€11k▼ 58.7%€42k▲ 285%€12k▼ 72.0%
2021: €47khighest in 5 years
2022: €26k▼ -43.3% vs 2021
2023: €11k▼ -58.7% vs 2022lowest in 5 years
2024: €42k▲ +285% vs 2023
2025: €12k▼ -72.0% vs 2024
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 falls in 2025; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.32M
Fixed assets
€996k ▲ 17.7%
Current assets
€319k ▼ 10.5%
Equity and liabilities €1.32M
Equity
€348k ▼ 8.3%
Debt
€967k ▲ 17.5%
Debt's share of the balance-sheet total rises from 68.4% to 73.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€109k▼
2024 · €158k
Cash flow
€92k▼
2024 · €119k
Current ratio
1.33▼
2024 · 1.52
Quick ratio
0.49▲
2024 · 0.46
Debt to equity
2.77▲
2024 · 2.16
ROE
3.4%▼
2024 · 11.1%
ROA
0.9%▼
2024 · 3.5%
Interest coverage
6.73▼
2024 · 10.16
Debt ≤ 1 year
€240k▲
2024 · €235k
Debt > 1 year
€726k▲
2024 · €588k
Income taxes
€2k▼
2024 · €25k
Staff costs
€289k▼
2024 · €303k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.20M€1.32M▲
Fixed assets21/28€846k€996k▲
Tangible fixed assets22/27€846k€996k▲
Land and buildings22€771k€955k▲
Plant, machinery and equipment23€50k€33k▼
Furniture and vehicles24€25k€8k▼
Financial fixed assets28€50€50=
Current assets29/58€356k€319k▼
Stocks and contracts in progress3€248k€201k▼
Stocks30/36€170k€168k▼
Contracts in progress37€77k€33k▼
Amounts receivable within one year40/41€103k€84k▼
Trade receivables40€102k€66k▼
Other amounts receivable41€423€18k▲
Cash at bank and in hand54/58€5k€34k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.32M▲
Equity10/15€380k€348k▼
Contributions10/11€12k€12k=
Reserves13€306k€275k▼
Distributable reserves133€306k€275k▼
Profit (loss) carried forward14€62k€62k=
Amounts payable17/49€823k€967k▲
Amounts payable after more than one year17€588k€726k▲
Financial debts170/4€588k€726k▲
Amounts payable within one year42/48€235k€240k▲
Current portion of amounts payable after more than one year42€71k€58k▼
Financial debts43€38k-
Credit institutions430/8€38k-
Trade debts44€64k€101k▲
Suppliers440/4€64k€101k▲
Advances received on contracts in progress46€749€503▼
Taxes, remuneration and social security45€60k€38k▼
Taxes450/3€45k€22k▼
Remuneration and social security454/9€15k€16k▲
Other amounts payable47/48€980€42k▲
Income statement
Code20242025
Remuneration, social security and pensions62€303k€289k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€80k▲
Other operating charges640/8€9k€8k▼
Gross operating margin9900€470k€407k▼
Operating profit (loss)9901€81k€30k▼
Financial income75/76B€913€251▼
Recurring financial income75€913€251▼
Financial charges65/66B€16k€16k▲
Recurring financial charges65€16k€16k▲
Profit (loss) for the period before taxes9903€67k€14k▼
Income taxes67/77€25k€2k▼
Profit (loss) for the period9904€42k€12k▼
Profit (loss) for the period to be appropriated9905€42k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€73k▼
Profit (loss) brought forward from the previous period14P€62k€62k=
Transfer from equity791/2€20k€43k▲
Transfer to equity691/2€42k€12k▼
To other reserves6921€42k€12k▼
Profit to be distributed694/7€20k€43k▲
Return on contributions (dividend)694€20k€43k▲
Social balance
Average headcount (FTE)90875.24.9▼
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €175k | €193k | €242k | €303k | €289k | ▼ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70k | €89k | €100k | €77k | €80k | ▲ 3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €8k | - | - | - | - |
| Other operating charges640/8 | €6k | €12k | €11k | €9k | €8k | ▼ 6.4% |
| Gross operating margin9900 | €314k | €346k | €383k | €470k | €407k | ▼ 13.5% |
| Operating profit (loss)9901 | €63k | €44k | €30k | €81k | €30k | ▼ 63.8% |
| Financial income75/76B | €14k | €8k | €5k | €913 | €251 | ▼ 72.5% |
| Recurring financial income75 | €12k | €8k | €5k | €913 | €251 | ▼ 72.5% |
| Non-recurring financial income76B | €2k | - | - | - | - | - |
| Financial charges65/66B | €9k | €22k | €15k | €16k | €16k | ▲ 4.3% |
| Recurring financial charges65 | €9k | €22k | €15k | €16k | €16k | ▲ 4.3% |
| Profit (loss) for the period before taxes9903 | €68k | €30k | €19k | €67k | €14k | ▼ 79.8% |
| Income taxes67/77 | €21k | €4k | €8k | €25k | €2k | ▼ 93.0% |
| Profit (loss) for the period9904 | €47k | €26k | €11k | €42k | €12k | ▼ 72.0% |
| Profit (loss) for the period to be appropriated9905 | €47k | €26k | €11k | €42k | €12k | ▼ 72.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.24M | €1.31M | €1.18M | €1.20M | €1.32M | ▲ 9.3% |
| Fixed assets21/28 | €923k | €980k | €911k | €846k | €996k | ▲ 17.7% |
| Tangible fixed assets22/27 | €923k | €980k | €911k | €846k | €996k | ▲ 17.7% |
| Land and buildings22 | €770k | €850k | €810k | €771k | €955k | ▲ 23.9% |
| Plant, machinery and equipment23 | €65k | €64k | €55k | €50k | €33k | ▼ 33.5% |
| Furniture and vehicles24 | €88k | €67k | €46k | €25k | €8k | ▼ 67.9% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €322k | €325k | €272k | €356k | €319k | ▼ 10.5% |
| Stocks and contracts in progress3 | €104k | €122k | €194k | €248k | €201k | ▼ 18.7% |
| Stocks30/36 | €104k | €122k | €169k | €170k | €168k | ▼ 1.2% |
| Contracts in progress37 | - | - | €25k | €77k | €33k | ▼ 57.3% |
| Amounts receivable within one year40/41 | €103k | €129k | €70k | €103k | €84k | ▼ 18.2% |
| Trade receivables40 | €92k | €111k | €66k | €102k | €66k | ▼ 35.9% |
| Other amounts receivable41 | €10k | €18k | €4k | €423 | €18k | ▲ 4,254% |
| Cash at bank and in hand54/58 | €110k | €71k | €6k | €5k | €34k | ▲ 588% |
| Deferred charges and accrued income490/1 | €4k | €3k | €1k | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.24M | €1.31M | €1.18M | €1.20M | €1.32M | ▲ 9.3% |
| Equity10/15 | €321k | €347k | €358k | €380k | €348k | ▼ 8.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €247k | €273k | €284k | €306k | €275k | ▼ 10.3% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €245k | €273k | €284k | €306k | €275k | ▼ 10.3% |
| Profit (loss) carried forward14 | €62k | €62k | €62k | €62k | €62k | = |
| Amounts payable17/49 | €924k | €958k | €825k | €823k | €967k | ▲ 17.5% |
| Amounts payable after more than one year17 | €757k | €757k | €659k | €588k | €726k | ▲ 23.6% |
| Financial debts170/4 | €757k | €757k | €659k | €588k | €726k | ▲ 23.6% |
| Amounts payable within one year42/48 | €149k | €201k | €166k | €235k | €240k | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | €65k | €99k | €98k | €71k | €58k | ▼ 18.6% |
| Financial debts43 | - | - | €3k | €38k | - | - |
| Credit institutions430/8 | - | - | €3k | €38k | - | - |
| Trade debts44 | €40k | €73k | €37k | €64k | €101k | ▲ 57.8% |
| Suppliers440/4 | €40k | €73k | €37k | €64k | €101k | ▲ 57.8% |
| Advances received on contracts in progress46 | €979 | €78 | - | €749 | €503 | ▼ 32.9% |
| Taxes, remuneration and social security45 | €42k | €28k | €28k | €60k | €38k | ▼ 36.0% |
| Taxes450/3 | €38k | €15k | €13k | €45k | €22k | ▼ 51.1% |
| Remuneration and social security454/9 | €5k | €14k | €14k | €15k | €16k | ▲ 10.8% |
| Other amounts payable47/48 | €1k | €363 | €213 | €980 | €42k | ▲ 4,183% |
| Accrued charges and deferred income492/3 | €18k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €26k | €11k | €42k | €12k | ▼ 72.0% |
| + Depreciation and write-downs630 | €70k | €89k | €100k | €77k | €80k | ▲ 3.9% |
| Operating cash flow (approximation) | €117k | €115k | €111k | €119k | €92k | ▼ 22.9% |
| Investment in fixed assets (approximation) | - | €-146k | €-30k | €-12k | €-230k | ▼ 1,797% |
| Change in cash | - | €-40k | €-64k | €-1k | €29k | ▲ 2,363% |
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
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 48 days late
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €11k ▼58.7%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 95 days late
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 110 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €139k ▲222%
Operating result €192k, net result €139k, both a record.
31-12
Financial
Equity above €200kEq €307k ▲78.3%
3 profitable years in a row build equity to €307k.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
31-12
Financial
Equity above €150kEq €172k ▲29.1%
2 profitable years in a row build equity to €172k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Lendelede · 1 establishment unit since 2010
Ground area
1,845 m²
Building footprint
1,107 m²
Volume, LiDAR
6,640 m³
Parcel 34025B0427/00L002, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LEAN-CLASSICS
since 20102.183.368.149
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025B0427/00L002 | Flanders | 1,845 m² | 1 · 1,107 m² | 7.4 m · 2 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 · 1 entry · 95 EUR awarded · 95 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 95 EUR | 95 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Dak & Timmerwerken LG
BE 0839.689.210
Asse · Eq €348,601
LUC SADONES
BE 0459.345.082
Brakel · Eq €348,179
BUK
BE 0657.793.721
Anderlecht · Eq €348,820
Van Broekhoven Dakbedekking
BE 0899.609.177
Pelt · Eq €348,032
Entreprises MARCHAND
BE 0444.150.429
Braine-l'Alleud · Eq €347,604
Of 11,137 companies in sector 43910 we hold annual accounts for 5,490. 4,016 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
Founded07-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
16250Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
43910Bricklaying and masonry work
41001General construction of residential buildings
43120Site preparation
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
Scores and ratios are computed by Checked and are not a credit decision.