Summary
LECON 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 €2.3m and a net result of -€51,206. Equity is shrinking by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 8074 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
27 d early
2023
19 d early
2022
12 d early
2021
3 d early
2020
3 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by equity in Bree, Finance and insurance sector
Equity
€2.3m▼ 2.2%
2024 · €2.4m
Net result
-€51,206▼ 568%
2024 · -€7,666
Total assets
€2.4m▼ 5.1%
2024 · €2.5m
Solvency
97.1%▲ 2.9pp
2024 · 94.2%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€195,000▲ 11.3%
Operating result€15,538▼ 19.4%€59,557▲ 283%€48,834▼ 18.0%-€15,802-€56,932▼ 260%
Net result€9,495▼ 50.2%€343,688▲ 3,520%€426,331▲ 24.0%-€7,666-€51,206▼ 568%
Equity€5.5m▲ 0.2%€1.9m▼ 64.7%€2.4m▲ 22.0%€2.4m▼ 0.3%€2.3m▼ 2.2%
Total assets€5.7m▼ 0.1%€2.0m▼ 64.1%€2.5m▲ 24.7%€2.5m▼ 1.4%€2.4m▼ 5.1%
Debt€179,956▼ 9.0%€97,124▼ 46.0%€173,221▲ 78.3%€146,283▼ 15.6%€69,912▼ 52.2%
Working capital€132,165▼ 1.2%€1.4m▲ 944%€320,949▼ 76.8%€329,106▲ 2.5%€226,884▼ 31.1%
Solvency96.8%▲ 0.3pp95.2%▼ 1.6pp93.2%▼ 2.1pp94.2%▲ 1.0pp97.1%▲ 2.9pp
Why a figure moved sharply
- 2022 Net result +3,520% on 2021. The accounts now follow the micro schema, last year the full schema.
- 2022 Equity -65%, Total assets -64% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €56,932 in 2025 against €15,802 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.1m ▲ 2.5%
Current assets
€296,796 ▼ 37.6%
Equity and liabilities €2.4m
Equity
€2.3m ▼ 2.2%
Debt
€69,912 ▼ 52.2%
Debt's share of the balance-sheet total falls from 5.8% to 2.9%. Equity and debt are lower.
Key figures and ratios
ROE
-2.2%▼
2024 · -0.3%
ROA
-2.2%▼
2024 · -0.3%
Debt ≤ 1 year
€69,912▼
2024 · €146,283
Income taxes
€7,636▲
2024 · €975
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €198,551 | - | - | - | - | - |
| Turnover70 | €195,000 | - | - | - | - | - |
| Other operating income74 | €3,551 | - | - | - | - | - |
| Non-recurring operating income76A | - | €13,674 | €0 | €17,500 | €2,802 | ▼ 84.0% |
| Operating charges60/66A | €183,013 | - | - | - | - | - |
| Services and other goods61 | €169,452 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,284 | €4,965 | €15,529 | €15,823 | €16,292 | ▲ 3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€27,514 | -€26,446 | -€15,702 | ▲ 40.6% |
| Other operating charges640/8 | €2,277 | €1,909 | €1,500 | €1,357 | €2,201 | ▲ 62.2% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | - | €66,431 | €38,348 | -€25,067 | -€54,142 | ▼ 116% |
| Operating profit (loss)9901 | €15,538 | €59,557 | €48,834 | -€15,802 | -€56,932 | ▼ 260% |
| Financial income75/76B | €5,425 | €344,191 | €450,354 | €12,678 | €13,461 | ▲ 6.2% |
| Recurring financial income75 | €5,425 | €42,955 | €50,354 | €12,678 | €13,461 | ▲ 6.2% |
| Income from current assets751 | €5,425 | - | - | - | - | - |
| Other financial income752/9 | €0 | - | - | - | - | - |
| Non-recurring financial income76B | €0 | €301,236 | €400,000 | €0 | - | - |
| Financial charges65/66B | €5,201 | €2,495 | €925 | €3,567 | €99 | ▼ 97.2% |
| Recurring financial charges65 | €5,201 | €2,495 | €925 | €3,567 | €99 | ▼ 97.2% |
| Debt charges650 | €4,991 | - | - | - | - | - |
| Other financial charges652/9 | €210 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €15,762 | €401,252 | €498,263 | -€6,691 | -€43,570 | ▼ 551% |
| Income taxes67/77 | €6,267 | €57,564 | €71,932 | €975 | €7,636 | ▲ 683% |
| Taxes670/3 | €6,267 | - | - | - | - | - |
| Profit (loss) for the period9904 | €9,495 | €343,688 | €426,331 | -€7,666 | -€51,206 | ▼ 568% |
| Profit (loss) for the period to be appropriated9905 | €9,495 | €343,688 | €426,331 | -€7,666 | -€51,206 | ▼ 568% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €2.0m | €2.5m | €2.5m | €2.4m | ▼ 5.1% |
| Fixed assets21/28 | €5.4m | €559,159 | €2.0m | €2.0m | €2.1m | ▲ 2.5% |
| Tangible fixed assets22/27 | €11,903 | €72,059 | €57,903 | €42,079 | €33,095 | ▼ 21.4% |
| Plant, machinery and equipment23 | €509 | €162 | €1,371 | €913 | €456 | ▼ 50.1% |
| Furniture and vehicles24 | €11,394 | €71,898 | €56,532 | €41,166 | €32,639 | ▼ 20.7% |
| Financial fixed assets28 | €5.4m | €487,100 | €2.0m | €2.0m | €2.0m | ▲ 3.0% |
| Affiliated companies280/1 | €0 | - | - | - | - | - |
| Participating interests280 | €0 | - | - | - | - | - |
| Companies linked by participating interests282/3 | €5.3m | - | - | - | - | - |
| Participating interests282 | €5.3m | - | - | - | - | - |
| Other financial fixed assets284/8 | €2,100 | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €2,100 | - | - | - | - | - |
| Current assets29/58 | €312,122 | €1.5m | €494,170 | €475,389 | €296,796 | ▼ 37.6% |
| Amounts receivable after more than one year29 | €125,000 | €1.2m | €125,000 | €125,000 | €125,000 | = |
| Other amounts receivable291 | €125,000 | €1.2m | €125,000 | €125,000 | €125,000 | = |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €94,298 | €133,758 | €59,082 | €40,978 | €43,511 | ▲ 6.2% |
| Trade receivables40 | €52,947 | €54,304 | €53,657 | €34,353 | €34,620 | ▲ 0.8% |
| Other amounts receivable41 | €41,351 | €79,453 | €5,425 | €6,626 | €8,891 | ▲ 34.2% |
| Current investments50/53 | - | - | €265,000 | €290,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €90,204 | €116,744 | €43,003 | €14,654 | €127,248 | ▲ 768% |
| Deferred charges and accrued income490/1 | €2,620 | €2,084 | €2,085 | €4,757 | €1,037 | ▼ 78.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €2.0m | €2.5m | €2.5m | €2.4m | ▼ 5.1% |
| Equity10/15 | €5.5m | €1.9m | €2.4m | €2.4m | €2.3m | ▼ 2.2% |
| Contributions10/11 | €5.4m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €140,933 | €484,621 | €910,952 | €903,286 | €852,079 | ▼ 5.7% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €140,933 | €484,621 | €910,952 | €903,286 | €852,079 | ▼ 5.7% |
| Amounts payable17/49 | €179,956 | €97,124 | €173,221 | €146,283 | €69,912 | ▼ 52.2% |
| Amounts payable within one year42/48 | €179,956 | €97,124 | €173,221 | €146,283 | €69,912 | ▼ 52.2% |
| Financial debts43 | - | - | - | - | €5 | - |
| Credit institutions430/8 | - | - | - | - | €5 | - |
| Trade debts44 | €8,474 | €4,772 | €8,389 | €6,556 | €4,693 | ▼ 28.4% |
| Suppliers440/4 | €8,474 | €4,772 | €8,389 | €6,556 | €4,693 | ▼ 28.4% |
| Taxes, remuneration and social security45 | €14,579 | €51,837 | €101,112 | €59,901 | €7,022 | ▼ 88.3% |
| Taxes450/3 | €10,597 | €51,837 | €101,112 | €59,901 | €7,022 | ▼ 88.3% |
| Remuneration and social security454/9 | €3,981 | €0 | - | - | - | - |
| Other amounts payable47/48 | €156,904 | €40,516 | €63,720 | €79,827 | €58,192 | ▼ 27.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,495 | €343,688 | €426,331 | -€7,666 | -€51,206 | ▼ 568% |
| + Depreciation and write-downs630 | €11,284 | €4,965 | €15,529 | €15,823 | €16,292 | ▲ 3.0% |
| Operating cash flow (approximation) | €20,779 | €348,653 | €441,860 | €8,157 | -€34,915 | ▼ 528% |
| Investment in fixed assets (approximation) | - | €4.8m | -€1.5m | €0 | -€67,308 | - |
| Change in cash | - | €26,540 | -€73,741 | -€28,349 | €112,594 | ▲ 497% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€51,206
Net result drops to -€51,206, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
26-05
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €426,331 ▲24%
Net result €426,331, the highest in the series.
31-12
Financial
Equity above €2mEq €2.4m ▲22%
6 profitable years in a row build equity to €2.4m.
01-08
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 9current ratio 15.21
Current ratio from 1.73 to 15.21; short-term debt falls from €179,956 to €97,124.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
14-04
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
Show earlier events
08-04
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
08-04
State Gazette act
General meeting · Director reappointment
Permanent representative
2020
01-09
State Gazette act
General meeting · Director reappointment
Permanent representative
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
14-03
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
14-03
State Gazette act
General meeting · Director resignation
Director discharge · Statutes amendment · Herbert Houben
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
15-03
State Gazette act
General meeting · Director reappointment
Permanent representative
2016
31-05
State Gazette act
General meeting · Director reappointment
Permanent representative
10-03
State Gazette act
General meeting · Director reappointment
Permanent representative
2015
13-04
State Gazette act
General meeting · Director reappointment
Director appointment
2013
30-07
State Gazette act
Board meeting · General meeting
Director appointment · Permanent representative
2012
14-08
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
2011
03-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2010
28-12
State Gazette act
General meeting · Statutes amendment
Director resignation · Director appointment
23-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB 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.
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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, Bree · 1 establishment unit since 2010
Ground area
3,438 m²
Building footprint
329 m²
Volume, LiDAR
2,046 m³
Parcel 72004B0010/00F002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vrijheidslaan 40, 3960 Bree
since 20102.184.942.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004B0010/00F002 | Flanders | 3,437 m² | 1 · 329 m² | 9.6 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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
20%
- Rofa VastgoedNLSourceown accounts 202510%
-
10%
According to the 2025 annual accounts of LECON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
5 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ACERTA Consult
Shared director
→
ACERTA SOCIAAL VERZEKERINGSFONDS
Shared director
→
AGORIA
Shared director
→
Show 1 more companies with a shared director
VKW LIMBURG
Shared director
→
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 10,483 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
Founded08-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821426484
Also
9925:BE0821426484
Registered
05-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.