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LeanHive

Active Private limited companyfounded 2016active for 10 yearsKorte Welvaart 17, 3140 KeerbergenKBO/BCE: BE 0665.860.656

Overview

Lifetime

9 annual accounts with figures on one time axis
peak €118,038 (2022)
€33,997▼ 38.3%
lowest -€1,308 (2020)
€24,790▼ 37.7%
peak €136,273 (2019)
€20,460unchanged
€62,514▲ 1.4%
Board1 name since 2016
Documentsfilings and deeds
27-05-202665 days before the deadline
2025micro format
Gross margin from €55,137 to €33,997Result from €39,805 to €24,790Dividend €24,790Investments €13,146Cash from €40,410 to €18,811

Key points

from the 2025 annual accounts

Equity

€20,460 from €136,273 in 2019

Equity fell by 85% in 6 years.

Debts

€62,514 75% of the balance sheet
Financial debts 2%Suppliers 34%Taxes and wages 22%Other 42%

Investments

€13,146 5.8 × depreciation
2021202320242025

Green is investment, beige is depreciation.

Checked score

87
Excellent
Financially stronger than 46% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026highest value 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value

Financial strength
Strong

50=equity 24.7% of total assets
37-26short-term debt 75.3% · cash 22.7%
100=return on assets 29.9%

Score breakdown

raises risk
Size: total assets €82,974
lowers risk
Sector: Advertising, market research and public relations activities (NACE 73)
Liquidity: current ratio 1.04, cash €18,811, halved
Figures for financial year 2025 (filed on 27-05-2026)
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 73, micro). It does better than 30% of them on solvency, 21% on liquidity, 88% on profitability and 43% 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 very low class on 30-06-2025, 0.1% 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, 5,053 companies had the same profile as LeanHive has now. Each dot stands for 13 companies, two years later.

95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of LeanHive itself is lower: 0.2% within 12 months. It rests on far more data about LeanHive than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 5,053 companies, not a prediction for LeanHive. 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 €1,500 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.04 (1.31 in 2024), below the usual 1.5. Short-term debt is 75.3% and cash 22.7% of total assets. 75.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
lowers risk · Liquidity: current ratio 1.04, cash €18,811, halved
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 27-05-2026)
NBB · annual accounts
raises risk · Size: total assets €82,974
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 27-05-2026, 65 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
65 days early
2024
41 days early
2023
50 days early
2022
32 days early
2021
31 days early
2020
32 days early
2019
39 days early
← 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 41 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% 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 20 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BG
Director, since 21-10-2016
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0665860656
Resignation: BLANCKAERT Gunter (director) Appointment: BLANCKAERT Gunter (director) · “Het uitvoeren van consultancy opdrachten,adviesverlening,interim-management en projectwerk; Het uitvoeren van…” (deed in Dutch) · A shareholder holds all the shares · General meeting of 11-08-2022 · Gazette deed
Incorporation published on 14-11-2016 · Gazette deed
First establishment Korte Welvaart 17, Keerbergen
All 18 events

Comparable companies

same main activity, similar in size and age
Company
LeanHive Keerbergen €82,974 €33,997 24.7% -
NAGELS BELGIË Machelen (Brab.) €81,084 €32,621 -157.9% -
OPTIONS 39 Grimbergen €76,576 €36,327 51.9% -
Lasso Media Antwerp €84,733 €31,191 20.3% -
Studio Shaped Ghent €84,155 €26,263 39.6% -
Onlimited Antwerp €81,892 €35,290 83.1% -
Bv Consult Herentals €80,601 €45,335 49.3% -

These companies have the same main activity as LeanHive: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €76,600 and €84,700, founded between 2014 and 2018.

Official details

Source: KBO
Status
Active since 09-11-2016Normal situation
Activity
Advertising agenciesNACE 73110and 4 others
Establishment unit
2.258.223.9403140 Keerbergen, since 09-11-2016
Financial year end
31 December
Peppol
Reachable since 03-12-2024
Company details

Annual accounts 2025

€33,997▼ 38.3%
≈ €90,000estimated
€24,790▼ 37.7%
€20,460=
€82,974▲ 1.0%
Filing
Filed on 27-05-2026, 65 days before the end of the filing period
Financials

Insights on LeanHive

LeanHive files the micro format. That format states no turnover. The gross margin fell from €76,605 in 2017 to €33,997 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 27-05-2026, 65 days before the deadline
€33,997
▼ 38.3%
€30,224
▼ 40.9%
€24,790
▼ 37.7%
€2,419
▼ 86.4%
24.7%
▼ 0.3 percentage points
1.04
▼ 0.27

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €90,000. Estimated: probably between €63,000 and €120,000.

Balance sheet

balance sheet total €82,974 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

24.7%

Higher than 28% of 8,615 companies in 2025.

1.04

Higher than 25% of 8,291 companies in 2025.

29.9%

Higher than 77% of 8,400 companies in 2025.

LeanHive Middle half of the sector 80% of the sector Micro accounts in advertising and market research (NACE 73)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 82,97482,133107,312127,77689,316152,844181,264114,63487,665
21/28 18,0417,1566,9357,51110,9794,7804,1827,50614,746
22/27 18,0417,1566,9357,51110,9794,7804,1827,50614,746
22 8409541,068------
23 2,2942,8791,0062,8954,7993,2462,4892,8874,374
24 14,9073,3234,8604,6166,1801,5351,693--
29/58 64,93374,977100,377120,26578,337148,064177,082107,12872,919
40/41 44,13018,47158,76286,04436,80634,37938,74229,59831,057
40 34,03116,94050,69983,11434,80624,52038,74228,99031,057
41 10,0991,5318,0632,9312,0009,8590608-
50/53 9778,3407,500------
54/58 18,81140,41025,51726,27837,816111,203138,34175,06139,399
490/1 1,0167,7558,5987,9423,7152,48202,4692,463
Balance sheet: equity and liabilities
10/49 82,97482,133107,312127,77689,316152,844181,264114,63487,665
10/15 20,46020,46020,46020,46034,67714,260136,27396,18957,087
10/11 18,60018,60018,60018,60018,60012,40012,40012,40012,400
100 ------18,60018,60018,600
101 ------6,2006,2006,200
13 1,8601,8601,8601,86016,0771,860123,87383,78944,687
130/1 ---01,8601,860---
130 ------1,8601,860-
1311 ---01,8601,860---
133 1,8601,8601,8601,86014,2170122,01381,92944,687
14 00000----
17/49 62,51461,67386,852107,31654,639138,58444,99118,44530,578
17 ------01,9737,808
170/4 ------01,9737,808
42/48 62,51457,16386,852105,56654,639138,58444,99116,47222,770
42 -----01,9735,8355,712
43 1,1941,0242,671------
430/8 1,1941,0242,671------
44 21,43411,0688,99310,56114,75211,25416,0675,913930
440/4 21,43411,0688,99310,56114,75211,25416,0675,913930
45 13,63612,05015,46613,4487,6586,5596,0924,72411,432
450/3 11,7368,15013,56611,3755,7585,2223,8212,4599,136
454/9 1,9003,9001,9002,0741,9001,3372,2712,2652,297
47/48 26,25133,02159,72281,55732,228120,77120,860-4,696
492/3 04,51001,750-----
Income statement
76A --04,842-0272--
9900 33,99755,13737,219118,03834,51914,96781,08460,99776,605
62 ------063-
630 2,2612,7063,7023,4682,8542,5597,7348,3079,324
640/8 1,5121,2941,40010,83410,76510,98511,2098841,086
66A ------0490-
9901 30,22451,13732,116103,73620,9001,42362,14051,25466,196
75/76B 2,9439111407,48814865
75 2,9439111407,48814865
65/66B 26242435869588510,077596459545
65 26242435869588577596459545
66B ----010,000---
9903 32,90550,80531,769103,04520,015-1,16761,55950,80365,716
67/77 8,11511,0007,08321,4895,79814111,47511,70021,029
9904 24,79039,80524,68681,55714,217-1,30850,08439,10344,687
9905 24,79039,80524,68681,55714,217-1,30850,08439,10344,687
Appropriation of the result
9906 24,79039,80524,68681,55714,217-1,30850,08439,10344,687
791/2 --095,7740122,013---
691/2 --081,55714,217040,08439,10344,687
6920 ------01,860-
6921 --081,55714,217040,08437,24344,687
694/7 24,79039,80524,68695,7740120,70610,000--
694 24,79039,80524,68695,7740120,706---
695 -----010,000--
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 27-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 27-05-2026 2026-00121652 PDF
31-12-2024 micro format 20-06-2025 2025-00156864 PDF
31-12-2023 micro format 11-06-2024 2024-00120367 PDF
31-12-2022 micro format 29-06-2023 2023-00212040 PDF
31-12-2021 micro format 30-06-2022 2022-20154059 PDF
31-12-2020 micro format 29-06-2021 2021-29100215 PDF
31-12-2019 micro format 22-06-2020 2020-19700423 PDF
31-12-2018 micro format 04-10-2019 2019-68700205 PDF
31-12-2017 micro format 14-06-2018 2018-20000386 PDF

Subsidies and aid

Flemish government 2022 to 2023, 2 entries, €149 awarded, €149 paid

Year Entries AwardedPaid
2023 1 €0€149
2022 1 €149€0

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
32,48653,84335,819107,20423,7543,98269,87559,56075,520
27,05142,51128,38985,02417,0711,25157,81847,40954,011
13,1462,9273,12609,05313,1574,1391,55624,070
-21,59914,893-761-11,538-73,387-27,13763,28035,662-
2,41917,81413,52514,69923,6989,480132,09190,65650,149
24.7%24.9%19.1%16.0%38.8%9.3%75.2%83.9%65.1%
1.041.311.161.141.431.073.946.503.20
3.063.014.245.251.589.720.330.190.54
121.2%194.5%120.7%398.6%41.0%-9.2%36.8%40.7%78.3%
29.9%48.5%23.0%63.8%15.9%-0.9%27.6%34.1%51.0%
over 100over 10099.96over 10026.85----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€13,146€2,927€3,126-€9,053
€2,261€2,706€3,702€3,468€2,854

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on LeanHive

The operating result for 2025 is 41% lower than in 2024 and the lowest since 2021.

Debt's share of the balance-sheet total rises from 75.1% to 75.3%. Debt is higher.

Board & ownership

Board

1 director, last change in 2022
Director
since 21-10-2016 term without a fixed end
listed in the 2025 annual accounts, filed on 27-05-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Board
Mandates as a list
  • BLANCKAERT Gunter
    • Director, from 21-10-2016 to date

See the board, name and registered office on a given date →

Control

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 02-09-2022 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June

Network & group

No group

LeanHive has no parent and no holdings in its annual accounts. BLANCKAERT Gunter is the only director. LeanHive shares no director with another company.

At the same address

Korte Welvaart 17, 3140 Keerbergen · 1 other company
Blanckaert, Merlijn (sole trader)
establishment since 19-01-2025
founded in 2025
1019.068.538

Timeline

Timeline

18 events since 2016

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 65 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 41 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0665860656
Annual accounts 2023 filed PDFmicro format · 50 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 32 days before the deadline
2022
Highest result from 2017 to 2025 net €81,557 ▲474% The operating result of €103,736 and the net result of €81,557 are both a record.
Resignation: BLANCKAERT Gunter (director)Appointment: BLANCKAERT Gunter (director) · “Het uitvoeren van consultancy opdrachten,adviesverlening,interim-management en projectwerk; Het uitvoeren van…” (deed in Dutch) · A shareholder holds all the shares · General meeting of 11-08-20225 points ▸
  • Director resignation, BLANCKAERT Gunter
  • Director appointment, BLANCKAERT Gunter
  • Registered office clause, Korte Welvaart 17, 3140 Keerbergen
  • General meeting, 11-08-2022
  • A shareholder holds all the shares
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFmicro format · 31 days before the deadline
2021
Back to profit net €14,217 The net result is €14,217, after one loss-making year.
Annual accounts 2020 filed PDFmicro format · 32 days before the deadline
2020
Weakest financial year net -€1,308 The net result drops to -€1,308, the lowest from 2017 to 2025. It recovers the following year.
Annual accounts 2019 filed PDFmicro format · 39 days before the deadline
2019
Equity above €100,000 equity €136,273 ▲41.7% With a profit in every financial year since 2017, equity grows to €136,273.
Annual accounts 2018 filed PDFmicro format · 65 days late
2018
Liquidity doubles current ratio 6.50 The current ratio rises from 3.20 to 6.50. Short-term debt falls from €22,770 to €16,472.
Annual accounts 2017 filed PDFmicro format · 47 days before the deadline
2016
Incorporation PDFpublished on 14-11-2016
First establishment Korte Welvaart 17, Keerbergen

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 9 November 2016, LeanHive was incorporated.1 Total assets went from €114,634 in 2018 to €82,974 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0665.860.656
VAT number
BE 0665.860.656
Peppol ID
0208:0665860656
Other Peppol ID
9925:BE0665860656
Legal form
Private limited company
Status
Active, normal situation
Founded
09-11-2016
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June
deed of 02-09-2022 (in Dutch)
Peppol
Reachable since 03-12-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
LeanHive in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-09-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 02-09-2022 (in Dutch)

Activities

NACEBEL 2025
73110 Advertising agencies main activity
Codes under NACEBEL 2008
73110 Advertising, market research and public relations activities main activity
47785 Retail trade
70210 Activities of head offices; management consultancy activities
93299 Other amusement and recreation activities
95290 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het uitvoeren van consultancy opdrachten,adviesverlening,interim-management en projectwerk; Het uitvoeren van consultancy opdrachten met…”
15 activities
  1. Het uitvoeren van consultancy opdrachten,adviesverlening,interim-management en projectwerk.
  2. Het uitvoeren van consultancy opdrachten met betrekking tot management en het beheer van vennootschappen in de brede zin van deze begrippen.
  3. Het uitoefenen van managementactiviteiten.
  4. Het verstrekken van diensten in de vorm van adviezen,informatie van financiële,technische,commerciële en administratieve aard met inbegrip van beheersactiviteiten door derden.
  5. Het voeren van onderhandelingen voor rekening van derden,het uitvoeren van bemiddelingsopdrachten,het verzorgen van ondernemingsbegeleidingen.
  6. Consultancy op het gebied van (digitale) marketing en digitale innovatie.
  7. Marketing zoals SEO,SEA,Google analytics,web-analyse,social media,marketing design,nieuwsbrieven,banners,campagnes,reclameontwerp,copywriting,branding.
  8. Advies bij het ontwerpen en voeren van reclame- en promotie campagnes via verschillende media.
  9. De aanmaak,bewerking en reproductie van digitale gegevens.
  10. Het concipiëren van reclametechnieken die ernaar streven de individuele consument te benaderen: Promotiecampagnes voor producten,Directe marketing in verkooppunten,Geadresseerde reclame
  11. Het onderhoud en de herstelling van fietsen.
  12. Detailhandel in fietsen.
  13. Gidsen van fietstochten.
  14. Koffiebar met meetingruimtes.
  15. B & B activiteiten.
deed of 02-09-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Korte Welvaart 17 registered office 3140 Keerbergen 47632 Retail sale of bicycles 09-11-2016 2.258.223.940

Buildings and parcels at the address

Ground area
1,269 m²
Buildings
204 m²
Volume, LiDAR
1,011 m³
Tallest building
7.2 m
Buildings to scale, each on its own parcel
204 m², 7.2 m 204 m², 7.2 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
24048C0192/00K0001,269 m² 1 · 204 m² 7.2 m · 2