LECOT
ActiveSummary
LECOT has been active since 1958 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52.0m and a net result of €2.1m. Equity is growing by about 9.4% per year across the filed financial years. Its solvency ranks better than 45% of 6,158 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Wholesale trade
NACE 46841
2nd largest employer in Kortrijk, Wholesale and retail trade sector88 sites
Size
€259.2mturnover 2025
- Staff
- 657.2 FTE
- Equity
- €52.0m
- Profit
- €2.1m
Standalone figures, without subsidiaries
Structure
- Parent
- Rale Holding NV
- Board
- 6 members
- Holdings
- 3
- LISALIMChair · permanent representative Anne Santens
- Phanne-InvestManaging director · permanent representative Philippe De Veyt
Auditor: BDO Bedrijfsrevisoren2025 accounts 29 days early15 of 48 deeds summarised
Why 87raises riskLiquidity: current ratio 1.51, cash €1.9mlowers riskFounded in 1958Size: turnover €259.2m, 657.2 FTE, total assets €128.0m, files consolidated accountsLegal form: public limited companyShow the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 42% of its sector peers (NACE 46, large)
Financial strength · tick = 2024
Weak
Solvency
66-3
equity 40.6% of total assets
Liquidity
30-2
short-term debt 44.6% · cash 1.5%
Profitability
41+4
return on assets 1.7%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €4,500,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.51, compared with 1.66 in 2024, above the usual 1.5; short-term debt: 44.6% and cash: 1.5% of total assets), but 59.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, large): better than 51% on solvency, 46% on liquidity, 23% on profitability and 48% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 days early
2024
37 days early
2023
37 days early
2022
27 days early
2021
40 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 34 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% 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 25 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Reappointments: RLM CONSULT BV, JAMAR BV…Resignation: STEVE MUYLLE BV (director)…
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2025 · consolidated
Financials · financial year 2025, full format, standalone accounts
In the rankings
#2 employer in Kortrijk, Wholesale and retail trade sector#3 oldest company in Kortrijk, Wholesale and retail trade sector#4 company by total assets in Kortrijk, Wholesale and retail trade sector
Turnover
€259.2m▲ 1.0%
2024 · €256.6m
EBIT margin
0.6%=
2024 · 0.5%
Net result
€2.1m▲ 17.0%
2024 · €1.8m
Working capital
€29.1m▼ 5.6%
2024 · €30.8m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 9% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€259.2m
2025
Operating result€1.5m
2025
Net result€2.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€128.0m
2025
Equity€52.0m
2025
Debt€75.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€29.1m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.6%
2025
Return on assets (ROA)1.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency40.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.51
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)657.2
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€173.3m-€187.1m▲ 8.0%€200.9m▲ 7.4%€224.9m▲ 11.9%€244.7m▲ 8.8%€256.4m▲ 4.8%€256.6m▲ 0.1%€259.2m▲ 1.0%
Operating result€3.9m-€5.2m▲ 35.3%€7.8m▲ 48.4%€9.3m▲ 19.2%€9.7m▲ 5.1%€6.2m▼ 36.9%€1.4m▼ 77.4%€1.5m▲ 9.4%
Net result€3.7m-€4.9m▲ 33.4%€7.0mabove the sector's middle half▲ 43.4%€8.8mabove the sector's middle half▲ 25.7%€8.4mabove the sector's middle half▼ 4.9%€6.0mabove the sector's middle half▼ 28.6%€1.8mabove the sector's middle half▼ 69.6%€2.1mabove the sector's middle half▲ 17.0%
EBIT margin2.2%-2.8%▲ 0.6pp3.9%▲ 1.1pp4.1%▲ 0.3pp4.0%▼ 0.1pp2.4%▼ 1.6pp0.5%▼ 1.9pp0.6%=
Equity€27.1m-€30.4m▲ 11.9%€34.0mabove the sector's middle half▲ 12.1%€38.8mabove the sector's middle half▲ 14.1%€44.1mabove the sector's middle half▲ 13.8%€49.3mabove the sector's middle half▲ 11.6%€50.6mabove the sector's middle half▲ 2.7%€52.0mabove the sector's middle half▲ 2.9%
Total assets€62.3m-€68.1m▲ 9.3%€78.0mabove the sector's middle half▲ 14.6%€85.8mabove the sector's middle half▲ 9.9%€96.7mabove the sector's middle half▲ 12.8%€105.5mabove the sector's middle half▲ 9.1%€116.0mabove the sector's middle half▲ 9.9%€128.0mabove the sector's middle half▲ 10.3%
Debt€34.8m-€37.3m▲ 7.3%€43.6m▲ 16.7%€46.6m▲ 6.9%€52.0m▲ 11.7%€55.7m▲ 7.0%€64.8m▲ 16.5%€75.4m▲ 16.3%
Working capital€20.2m-€23.5m▲ 16.4%€21.6mabove the sector's middle half▼ 7.9%€24.0mabove the sector's middle half▲ 10.8%€27.8mabove the sector's middle half▲ 16.1%€31.9mabove the sector's middle half▲ 14.6%€30.8mabove the sector's middle half▼ 3.6%€29.1mabove the sector's middle half▼ 5.6%
Solvency43.5%-44.6%▲ 1.1pp43.6%within the sector's middle half▼ 1.0pp45.3%within the sector's middle half▲ 1.7pp45.6%within the sector's middle half▲ 0.4pp46.7%within the sector's middle half▲ 1.0pp43.6%within the sector's middle half▼ 3.1pp40.6%within the sector's middle half▼ 3.0pp
Current ratio1.62-1.66▲ 0.041.56within the sector's middle half▼ 0.111.56within the sector's middle half=1.61within the sector's middle half▲ 0.051.80within the sector's middle half▲ 0.191.66within the sector's middle half▼ 0.131.51within the sector's middle half▼ 0.15
Return on assets (ROA)5.9%-7.2%▲ 1.3pp9.0%within the sector's middle half▲ 1.8pp10.3%within the sector's middle half▲ 1.3pp8.7%within the sector's middle half▼ 1.6pp5.7%within the sector's middle half▼ 3.0pp1.6%within the sector's middle half▼ 4.1pp1.7%within the sector's middle half▲ 0.1pp
Staff (FTE)505.7-520.8▲ 3.0%525.8above the sector's middle half▲ 1.0%545.9above the sector's middle half▲ 3.8%580.5above the sector's middle half▲ 6.3%627.8above the sector's middle half▲ 8.1%669.9above the sector's middle half▲ 6.7%657.2above the sector's middle half▼ 1.9%
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2024 Net result -70% on 2023. Merger absorbing DESAIR, Official Gazette 22-01-2024. Merger absorbing PeeBee, Official Gazette 24-07-2023, in the previous financial year; now counts for a full year for the first time.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128.0m
Fixed assets
€41.9m ▲ 8.0%
Current assets
€86.2m ▲ 11.5%
Equity and liabilities €128.0m
Equity
€52.0m ▲ 2.9%
Provisions
€586,058 ▼ 4.6%
Debt
€75.4m ▲ 16.3%
Debt's share of the balance-sheet total rises from 55.9% to 58.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6.9m▲
2024 · €5.8m
Cash flow
€7.5m▲
2024 · €6.2m
Quick ratio
0.51▲
2024 · 0.50
Debt to equity
1.45▲
2024 · 1.28
ROE
4.1%▲
2024 · 3.6%
Interest coverage
2.98▲
2024 · 2.50
Debt ≤ 1 year
€57.1m▲
2024 · €46.5m
Debt > 1 year
€18.0m▲
2024 · €18.0m
Income taxes
€264,181▼
2024 · €288,751
Staff costs
€44.3m▲
2024 · €43.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 513 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96.1% are still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
3.1%
stopped otherwise
96.1%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 513 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €226.6m | €247.1m | €258.6m | €258.5m | €261.5m | ▲ 1.2% |
| Turnover70 | €173.3m | €187.1m | €200.9m | €224.9m | €244.7m | €256.4m | €256.6m | €259.2m | ▲ 1.0% |
| Other operating income74 | - | - | - | €1.7m | €1.7m | €2.2m | €1.9m | €2.3m | ▲ 24.9% |
| Non-recurring operating income76A | - | - | - | - | €0.7m | €0.008m | - | - | - |
| Operating charges60/66A | - | - | - | €217.4m | €237.3m | €252.5m | €257.1m | €260.0m | ▲ 1.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €156.3m | €166.9m | €174.6m | €175.2m | €176.0m | ▲ 0.4% |
| Purchases600/8 | - | - | - | €163.6m | €172.1m | €172.7m | €177.4m | €179.3m | ▲ 1.1% |
| Change in stocks: decrease (increase)609 | - | - | - | -€7.3m | -€5.2m | €1.8m | -€2.1m | -€3.3m | ▼ 55.2% |
| Services and other goods61 | - | - | - | €28.1m | €32.6m | €33.0m | €33.0m | €33.2m | ▲ 0.7% |
| Remuneration, social security and pensions62 | - | - | - | €30.2m | €34.3m | €40.5m | €43.6m | €44.3m | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.4m | €2.6m | €2.3m | €2.1m | €2.2m | €2.9m | €4.4m | €5.4m | ▲ 22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.3m | €0.09m | -€0.03m | -€0.02m | €0.2m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.09m | €0.03m | €0.06m | €0.03m | -€0.01m | - |
| Other operating charges640/8 | - | - | - | €1.0m | €1.2m | €1.4m | €0.8m | €1.0m | ▲ 20.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.009m | - | - | - |
| Operating profit (loss)9901 | €3.9m | €5.2m | €7.8m | €9.3m | €9.7m | €6.2m | €1.4m | €1.5m | ▲ 9.4% |
| Financial income75/76B | - | - | - | €3.6m | €4.0m | €5.5m | €4.1m | €4.2m | ▲ 2.7% |
| Recurring financial income75 | €2.4m | €2.8m | €2.6m | €3.6m | €4.0m | €5.5m | €4.1m | €4.2m | ▲ 2.7% |
| Income from financial fixed assets750 | - | - | - | €0.7m | €0.9m | €2.3m | €0.7m | €0.7m | ▲ 0.2% |
| Income from current assets751 | - | - | - | €0.04m | €0.04m | €0.03m | €0.1m | €0.1m | ▲ 0.5% |
| Other financial income752/9 | - | - | - | €2.9m | €3.0m | €3.1m | €3.3m | €3.4m | ▲ 3.3% |
| Financial charges65/66B | - | - | - | €1.5m | €2.6m | €4.1m | €3.4m | €3.4m | ▼ 1.2% |
| Recurring financial charges65 | €1.4m | €1.4m | €1.3m | €1.5m | €1.7m | €2.9m | €3.4m | €3.4m | ▼ 1.2% |
| Debt charges650 | €0.5m | €0.5m | €0.4m | €0.5m | €0.6m | €1.8m | €2.3m | €2.3m | = |
| Other financial charges652/9 | - | - | - | €1.0m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 3.9% |
| Non-recurring financial charges66B | - | - | - | - | €0.8m | €1.2m | - | - | - |
| Profit (loss) for the period before taxes9903 | €4.9m | €6.6m | €9.1m | €11.4m | €11.2m | €7.6m | €2.1m | €2.4m | ▲ 13.6% |
| Transfer from deferred taxes780 | - | - | - | €0.008m | €0.01m | €0.02m | €0.01m | €0.01m | ▼ 0.2% |
| Transfer to deferred taxes680 | - | - | - | - | €0.2m | - | - | - | - |
| Income taxes67/77 | €1.2m | €1.7m | €2.1m | €2.6m | €2.6m | €1.6m | €0.3m | €0.3m | ▼ 8.5% |
| Taxes670/3 | - | - | - | €2.6m | €2.6m | €1.6m | €0.3m | €0.3m | ▼ 9.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.02m | €458 | - | €0.003m | - | - |
| Profit (loss) for the period9904 | €3.7m | €4.9m | €7.0m | €8.8m | €8.4m | €6.0m | €1.8m | €2.1m | ▲ 17.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €0.03m | €0.05m | €0.3m | €0.04m | ▼ 82.5% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.7m | €0.02m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2.8m | €5.8m | €7.1m | €8.9m | €7.7m | €6.0m | €2.1m | €2.2m | ▲ 4.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €62.3m | €68.1m | €78.0m | €85.8m | €96.7m | €105.5m | €116.0m | €128.0m | ▲ 10.3% |
| Fixed assets21/28 | €9.6m | €9.3m | €17.6m | €19.2m | €23.2m | €33.5m | €38.8m | €41.9m | ▲ 8.0% |
| Intangible fixed assets21 | €0.5m | €0.4m | €0.3m | €0.1m | €0.04m | €0.01m | €1.3m | €1.9m | ▲ 53.8% |
| Tangible fixed assets22/27 | €8.0m | €7.8m | €7.6m | €7.0m | €8.3m | €20.3m | €24.3m | €26.8m | ▲ 10.1% |
| Land and buildings22 | - | - | - | €4.2m | €4.9m | €12.7m | €13.8m | €13.3m | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | €0.9m | €1.1m | €3.5m | €6.0m | €9.1m | ▲ 53.2% |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.4m | €1.6m | €1.2m | €0.7m | ▼ 42.6% |
| Leasing and similar rights25 | - | - | - | €0.08m | €0.06m | €0.03m | €0.006m | €0 | ▼ 100.0% |
| Other tangible fixed assets26 | - | - | - | €1.4m | €1.9m | €2.5m | €3.4m | €3.6m | ▲ 7.3% |
| Financial fixed assets28 | €1.1m | €1.1m | €9.8m | €12.1m | €14.8m | €13.2m | €13.2m | €13.2m | ▼ 0.1% |
| Affiliated companies280/1 | - | - | - | €11.9m | €14.6m | €13.0m | €13.0m | €13.0m | = |
| Participating interests280 | - | - | - | €11.9m | €14.6m | €13.0m | €13.0m | €13.0m | = |
| Other financial fixed assets284/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 11.1% |
| Shares284 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.04m | €0.04m | €0.04m | €0.03m | €0.01m | ▼ 65.9% |
| Current assets29/58 | €52.8m | €58.9m | €60.4m | €66.6m | €73.5m | €72.0m | €77.3m | €86.2m | ▲ 11.5% |
| Stocks and contracts in progress3 | €34.7m | €37.2m | €39.4m | €46.7m | €52.1m | €51.4m | €53.8m | €57.2m | ▲ 6.3% |
| Stocks30/36 | - | - | - | €46.7m | €52.1m | €51.4m | €53.8m | €57.2m | ▲ 6.3% |
| Goods purchased for resale34 | - | - | - | €46.7m | €52.1m | €51.4m | €53.8m | €57.2m | ▲ 6.3% |
| Amounts receivable within one year40/41 | €15.5m | €18.4m | €17.6m | €16.8m | €18.4m | €18.8m | €22.0m | €26.3m | ▲ 19.4% |
| Trade receivables40 | - | - | - | €9.8m | €12.8m | €13.3m | €14.1m | €16.1m | ▲ 14.3% |
| Other amounts receivable41 | - | - | - | €7.0m | €5.6m | €5.5m | €8.0m | €10.2m | ▲ 28.6% |
| Cash at bank and in hand54/58 | €1.7m | €2.8m | €3.2m | €2.7m | €2.5m | €1.2m | €0.6m | €1.9m | ▲ 206% |
| Deferred charges and accrued income490/1 | - | - | - | €0.4m | €0.6m | €0.6m | €0.8m | €0.7m | ▼ 7.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €62.3m | €68.1m | €78.0m | €85.8m | €96.7m | €105.5m | €116.0m | €128.0m | ▲ 10.3% |
| Equity10/15 | €27.1m | €30.4m | €34.0m | €38.8m | €44.1m | €49.3m | €50.6m | €52.0m | ▲ 2.9% |
| Contributions10/11 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | €4.0m | €4.0m | €4.0m | = |
| Capital10 | - | - | - | €3.7m | €3.7m | €4.0m | €4.0m | €4.0m | = |
| Issued capital100 | - | - | - | €3.7m | €3.7m | €4.0m | €4.0m | €4.0m | = |
| Contributions outside capital11 | - | - | - | - | - | €169 | €169 | €169 | = |
| Share premium1100/10 | - | - | - | - | - | €169 | €169 | €169 | = |
| Revaluation surpluses12 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €23.3m | €26.5m | €30.2m | €35.0m | €40.3m | €45.2m | €46.5m | €48.0m | ▲ 3.1% |
| Non-distributable reserves130/1 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Legal reserve130 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Tax-exempt reserves132 | - | - | - | €0.5m | €1.2m | €1.2m | €0.9m | €0.9m | ▼ 4.8% |
| Distributable reserves133 | - | - | - | €34.1m | €38.8m | €43.6m | €45.2m | €46.7m | ▲ 3.3% |
| Provisions and deferred taxes16 | €0.4m | €0.4m | €0.5m | €0.4m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 4.6% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 3.7% |
| Pensions and similar obligations160 | - | - | - | €0.01m | €0.004m | - | - | - | - |
| Major repairs and maintenance162 | - | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | ▼ 3.7% |
| Deferred taxes168 | - | - | - | €0.1m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 6.0% |
| Amounts payable17/49 | €34.8m | €37.3m | €43.6m | €46.6m | €52.0m | €55.7m | €64.8m | €75.4m | ▲ 16.3% |
| Amounts payable after more than one year17 | €2.1m | €1.7m | €4.5m | €3.7m | €6.0m | €15.3m | €18.0m | €18.0m | ▲ 0.3% |
| Financial debts170/4 | - | - | - | €3.7m | €6.0m | €15.3m | €18.0m | €18.0m | ▲ 0.3% |
| Leasing and similar obligations172 | - | - | - | €0.08m | €0.05m | €0.01m | - | - | - |
| Credit institutions173 | - | - | - | €2.7m | €5.0m | €14.3m | €17.0m | €17.1m | ▲ 0.3% |
| Other loans174 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Amounts payable within one year42/48 | €32.6m | €35.4m | €38.8m | €42.6m | €45.7m | €40.1m | €46.5m | €57.1m | ▲ 22.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.9m | €1.3m | €2.4m | €3.3m | €3.8m | ▲ 14.3% |
| Financial debts43 | - | - | - | €26.0m | €22.7m | €12.1m | €19.9m | €28.8m | ▲ 44.9% |
| Credit institutions430/8 | - | - | - | €26.0m | €22.7m | €12.1m | €19.9m | €28.8m | ▲ 44.9% |
| Trade debts44 | €6.0m | €8.6m | €6.8m | €5.4m | €11.3m | €15.1m | €13.1m | €14.2m | ▲ 8.2% |
| Suppliers440/4 | - | - | - | €5.4m | €11.3m | €15.1m | €13.1m | €14.2m | ▲ 8.2% |
| Advances received on contracts in progress46 | - | - | - | €0.3m | €0.3m | €0.8m | €0.7m | €0.7m | ▼ 3.4% |
| Taxes, remuneration and social security45 | - | - | - | €6.8m | €7.6m | €8.6m | €8.7m | €8.8m | ▲ 1.5% |
| Taxes450/3 | - | - | - | €2.5m | €2.5m | €2.6m | €2.5m | €2.9m | ▲ 17.3% |
| Remuneration and social security454/9 | - | - | - | €4.3m | €5.2m | €6.1m | €6.2m | €5.9m | ▼ 4.8% |
| Other amounts payable47/48 | - | - | - | €3.2m | €2.5m | €1.1m | €0.8m | €0.8m | ▲ 3.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 22.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.7m | €4.9m | €7.0m | €8.8m | €8.4m | €6.0m | €1.8m | €2.1m | ▲ 17.0% |
| + Depreciation and write-downs630 | €2.4m | €2.6m | €2.3m | €2.1m | €2.2m | €2.9m | €4.4m | €5.4m | ▲ 22.2% |
| Operating cash flow (approximation) | €6.1m | €7.5m | €9.4m | €10.9m | €10.6m | €8.9m | €6.2m | €7.5m | ▲ 20.6% |
| Investment in fixed assets (approximation) | - | -€2.3m | -€10.7m | -€3.6m | -€6.2m | -€13.3m | -€9.7m | -€8.5m | ▲ 12.1% |
| Change in cash | - | €1.0m | €0.4m | -€0.5m | -€0.2m | -€1.3m | -€0.5m | €1.3m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 64 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 02-07-2026 | 2026-00258373 |
| 31-12-2025 | consolidated | 02-07-2026 | 2026-00275491 |
| 31-12-2024 | full format | 24-06-2025 | 2025-00178289 |
| 31-12-2024 | consolidated | 24-06-2025 | 2025-00189064 |
| 31-12-2023 | full format | 24-06-2024 | 2024-00166919 |
| 31-12-2023 | consolidated | 24-06-2024 | 2024-00179967 |
| 31-12-2022 | full format | 04-07-2023 | 2023-00199274 |
| 31-12-2022 | consolidated | 04-07-2023 | 2023-00214589 |
| 31-12-2021 | full format | 21-06-2022 | 2022-20081984 |
| 31-12-2021 | consolidated | 21-06-2022 | 2022-20082469 |
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Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €78,403 awarded · €78,403 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €51,775 | €51,775 |
| 2024 | 3 | €19,301 | €19,301 |
| 2023 | 1 | €1,427 | €1,427 |
| 2022 | 1 | €5,900 | €5,900 |
Public contracts
20 awards · 2021 to 2026
Aankoopcentrale stad Hasselt - Raamovereenkomst voor het aankopen van diverse gereedschappen: Ijzerwaren, gereedschap en hun technische verbruiksartikelen
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Raamovereenkomst - klein materiaal noodzakelijk bij interventies door diverse diensten en scholen van Stad en OCMW: Gebruiksmaterialen
Raamovereenkomst - klein materiaal noodzakelijk bij interventies door diverse diensten en scholen van Stad en OCMW: Hang -en sluitwerk
Dynamisch aankoopsysteem gericht op raamovereenkomst metaalwaren, bouwbeslag, bevestigingsmiddelen en bijhorende gereedschappen: 2025-390-BOW - 1
Show 15 more contracts
Raamovereenkomst voor klein technisch gereedschap, bouwbeslag en bevestigingsmateriaal: Klein technisch gereedschap en toebehoren
Raamovereenkomst voor klein technisch gereedschap, bouwbeslag en bevestigingsmateriaal: Bouwbeslag
Raamovereenkomst voor klein technisch gereedschap, bouwbeslag en bevestigingsmateriaal: Bevestigingsmateriaal
Achat d'outillage à usage classique: 2025_EXTRA_59_CMP - 2 - Outillage à usage classique - Quincaillerie pour garage
raamovereenkomst ijzerwaren / deurbeslag: DWG Noord-West Limburg
raamovereenkomst ijzerwaren / deurbeslag: DWG Oost Limburg
raamovereenkomst ijzerwaren / deurbeslag: DWG Zuid Limburg
raamovereenkomst ijzerwaren / deurbeslag: DWG Noord-West Limburg
raamovereenkomst ijzerwaren / deurbeslag: DWG Oost Limburg
raamovereenkomst ijzerwaren / deurbeslag: DWG Zuid Limburg
Meerjarige open overeenkomst (2025 - 2028) voor de aankoop en de levering van ijzerwaren in het kader van het onderhoud van de militaire gebouwen voor Defensie-eenheden en RHDD.: 25IA462 - 1
Raamovereenkomst voor het leveren van sluitplannen, sloten, sleutels, cilinders en kluizen, inclusief projectondersteuning en interventies: Sluitplannen
Marchandises pour les travaux d'aménagement d'un internat au bâtiment sis rue de la Rouge Croix 92 (3): Quincaillerie
Raamovereenkomst voor het leveren van elektrisch en perslucht aangedreven handgereedschap en toebehoren
Contrat ouvert pluriannuel (2021-2024) pour l'achat et la fourniture de quincaillerie dans le cadre de l'entretien des bâtiments militaires
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Directors
6 directors, 1 in day-to-day management, last change in 2026
Board 6
LISALIM
CurrentChair of the board · Director · since 18-06-2020 · Public limited company · permanent representative: Anne Santens
JAMAR
CurrentDirector · since 18-06-2020 · Private limited company (pre-2019) · permanent representative: Eddy Dumarey
MALPY INVEST
CurrentDirector · since 18-06-2020 · Public limited company · permanent representative: Françoise Santens
Phanne-Invest
CurrentDirector · since 18-06-2020 · Private limited company · permanent representative: Philippe De Veyt
RLM Consult
CurrentDirector · since 18-06-2020 · Private limited company (pre-2019) · permanent representative: Rik Lecot
BV Verstraete Koen
CurrentDirector · since 26-02-2024 · Legal entity · permanent representative: Koen Verstraete
Day-to-day management 1
Phanne-Invest
CurrentManaging director · Private limited company · permanent representative: Philippe De Veyt
Permanent representatives 6
Anne Santens
CurrentPermanent representative · since 18-06-2020 · for LISALIM
Eddy Dumarey
CurrentPermanent representative · since 18-06-2020 · for JAMAR
Françoise Santens
CurrentPermanent representative · since 18-06-2020 · for MALPY INVEST
Philippe De Veyt
CurrentPermanent representative · since 18-06-2020 · for Phanne-Invest
Rik Lecot
CurrentPermanent representative · since 18-06-2020 · for RLM Consult
Koen Verstraete
CurrentPermanent representative · since 26-02-2024 · for BV Verstraete Koen
Statutory auditor 1
BDO Bedrijfsrevisoren
CurrentStatutory auditor · since 16-06-2022 · permanent representative: Kevin Defauw
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
33 of this company's 48 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
9 people since 2020, 7 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| JAMAR |
|
| LISALIM |
|
| MALPY INVEST |
|
| Phanne-Invest |
|
| RLM Consult |
|
| BV Verstraete Koen |
|
| BDO Bedrijfsrevisoren |
|
| STEVE MUYLLE |
|
| M.B.E. |
|
Owners and capital
Owners
3 ownersChain of control
- Rale Holding NV
- LECOT
Highest known parent: Rale Holding NV. The sources do not say who stands above it.
Owners 3
- Rale Holding NVconsolidating parentconsolidates
-
49.94%
-
49.94%
According to the 2025 annual accounts of LECOT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital over the years
- 23-11-2023 Capital stated in the deed · €3,995,986.05 · 16,492 shares
- 24-07-2023 Capital increase of €251,996.04 · to €3,995,986.05
- 04-05-2023 Capital stated in the deed · €3,743,990 · 16,276 shares
- 19-01-2023 Capital stated in the deed · €3,743,990.01 · 16,276 shares
Group and network
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 2025
- Lecot BiermansNLsubsidiaryEquity €6.5mResult €60,484100%
-
100%
- SARLITHsubsidiaryEquity €455,959Result €87,703100%
Stated earlier (3)
An older source named these holdings; newer accounts no longer list them.
-
100%
-
100%
-
100%
According to the 2025 annual accounts of LECOT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
IJZERWAREN OOMS
Shared corporate director
→
OPSINOX
Shared corporate director
→
TELEVIC GROUP
Shared corporate director
→
Acquisitions and mergers
5 transactionsTook over:SERRURERIE PIERRE CLABOTS
Took over:DESAIR
Took over:PeeBee
Took over:MADRECO PROFESSIONAL
Received in a demerger part of:Lisalim NV
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
26-08
Gazette deed
Reappointments: RLM CONSULT BV, JAMAR BV and 4 othersResignation: STEVE MUYLLE BV (director) · Permanent representatives: Rik Lecot, Eddy Dumarey and 5 others18 facts ▸
Gazette deed
Reappointments: RLM CONSULT BV, JAMAR BV and 4 others
Resignation: STEVE MUYLLE BV (director) · Permanent representatives: Rik Lecot, Eddy Dumarey and 5 others18 facts ▸
- General meeting, 18-06-2026
- Board meeting, 29-06-2026
- Director reappointment, RLM CONSULT BV (director)
- Director reappointment, JAMAR BV (director)
- Director reappointment, VERSTRAETE KOEN BV (director)
- Director reappointment, LISALIM NV (director)
- Director reappointment, MALPY INVEST NV (director)
- Director reappointment, PHANNE-INVEST BV (director)
- Director resignation, STEVE MUYLLE BV (director)
- Director reappointment, LISALIM NV (chair of the board)
- Director reappointment, PHANNE-INVEST BV (managing director)
- Permanent representative, Rik Lecot
- +6 further facts in this act
02-07
NBB filing
Annual accounts filed
financial year 2025 · full format
02-07
NBB filing
Annual accounts filed
financial year 2025 · consolidated
2025
06-10
Gazette deed
Reappointment: BDO Bedrijfsrevisoren (statutory auditor)Permanent representative: Philippe De Veyt3 facts ▸
Gazette deed
Reappointment: BDO Bedrijfsrevisoren (statutory auditor)
Permanent representative: Philippe De Veyt3 facts ▸
- General meeting, 19-06-2025
- Auditor reappointment, BDO Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Philippe De Veyt
24-06
NBB filing
Annual accounts filed
financial year 2024 · full format
24-06
NBB filing
Annual accounts filed
financial year 2024 · consolidated
2024
31-12
Financial
Weakest financial yearnet €1.8m ▼69.6%
Net result drops to €1.8m, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €50mequity €50.6m ▲2.7%
A profit in every financial year since 2018 builds equity to €50.6m.
24-06
NBB filing
Annual accounts filed
financial year 2023 · full format
24-06
NBB filing
Annual accounts filed
financial year 2023 · consolidated
07-05
Gazette deed
Appointment: BV Verstraete Koen (director)Permanent representatives: Koen Verstraete and Philippe De Veyt5 facts ▸
Gazette deed
Appointment: BV Verstraete Koen (director)
Permanent representatives: Koen Verstraete and Philippe De Veyt5 facts ▸
- General meeting, 26-02-2024
- Director appointment, BV Verstraete Koen (director)
- Permanent representative, Koen Verstraete
- Director in office, Phanne-Invest (managing director)
- Permanent representative, Philippe De Veyt
22-01
Gazette deed
RestructuringReappointments: BV Jamar (director) and BV Steve Muylle (director) · Permanent representatives: Eddy Dumarey and Steve Muylle · Merger15 facts ▸
Gazette deed
Restructuring
Reappointments: BV Jamar (director) and BV Steve Muylle (director) · Permanent representatives: Eddy Dumarey and Steve Muylle · Merger15 facts ▸
- General meeting, 22-06-2023
- Director reappointment, BV Jamar (director)
- Director reappointment, BV Steve Muylle (director)
- Permanent representative, Eddy Dumarey
- Permanent representative, Steve Muylle
- General meeting, 15-12-2023
- Other provision, “1.1 DOCUMENTEN EN VERSLAGEN-fusievoorstel, inhoud van dit voorstel” (deed in Dutch)
- Other provision, “1.1 DOCUMENTEN EN VERSLAGEN-jaarrekeningen en verslagen” (deed in Dutch)
- Other provision, “1.2 VERZAKING, opstellen van tussentijdse cijfers over de stand van het vermogen die niet meer dan drie maanden vóór datum van het fusievoorstel zijn afgesloten” (deed in Dutch)
- Other provision, “1.3 VASTSTELLING, artikel 7:179 Wetboek van Vennootschappen en Verenigingen niet van toepassing” (deed in Dutch)
- Other provision, “1.4 VASTSTELLING, in de vennootschappen die aan de fusie deelnemen geen verschillende soorten van aandelen of effecten die het kapitaal vertegenwoordigen” (deed in Dutch)
- Merger, “gedragen door overnemende vennootschap, goedkeuring fusievoorstel en besluit tot met fusie door overneming gelijkgestelde verrichting” (deed in Dutch)
- +3 further facts in this act
Show earlier events
2023
23-11
Gazette deed
Capital & shares · RestructuringMerger · Declaration · Accounting effect19 facts ▸
Gazette deed
Capital & shares · Restructuring
Merger · Declaration · Accounting effect19 facts ▸
- General meeting, 27-10-2023
- Merger, “bestuursorganen van de te fuseren vennootschappen, artikel 12:50 van het Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Declaration, “tijdige neerlegging fusievoorstel overgenomen vennootschap”, 07-09-2023 (deed in Dutch)
- Other provision, “mededeling griffie over achterstand, structureel personeelsgebrek” (deed in Dutch)
- Other provision, “kosteloos volledig of desgewenst gedeeltelijk afschrift op eenvoudig verzoek, agenda en terbeschikkingstelling stukken” (deed in Dutch)
- Other provision, “EERSTE BESLUIT 1.1 DOCUMENTEN EN VERSLAGEN - ontslag voorlezing en kennisname, afschrift fusievoorstel met stempel griffie bevoegde ondernemingsrechtbank” (deed in Dutch)
- Other provision, “niet-toepasselijkheid artikel 7:179 en geen bestuursorgaanverslag bij kapitaalverhoging ingevolge fusie, kapitaalverhoging ingevolge fusie” (deed in Dutch)
- Other provision, “soorten aandelen zonder wijziging rechten, verschillende soorten aandelen vertegenwoordigen kapitaal overnemende vennootschap” (deed in Dutch)
- Merger, “bepalingen en voorwaarden fusievoorstel, met fusie door overneming gelijkgestelde verrichting” (deed in Dutch)
- Accounting effect, 01-07-2023
- Other provision, “voorwaarden fusie b.2-b.5”, 0 (deed in Dutch)
- Other provision, “geen uitgifte aandelen-verantwoording, overnemende vennootschap enige aandeelhouder overgenomen vennootschap” (deed in Dutch)
- +7 further facts in this act
08-11
Gazette deed
RestructuringPermanent representatives: Françoise Santens, Anne Santens and 4 others · Merger · Shareholding32 facts ▸
Gazette deed
Restructuring
Permanent representatives: Françoise Santens, Anne Santens and 4 others · Merger · Shareholding32 facts ▸
- Board composition, Malpy Invest (director)
- Permanent representative, Françoise Santens
- Board composition, Lisalim (director)
- Permanent representative, Anne Santens
- Board composition, Phanne-Invest (managing director)
- Permanent representative, De Veyt Philippe
- Board composition, RLM Consult (director)
- Permanent representative, Lecot Rik
- Board composition, Jamar (director)
- Permanent representative, Eddy Dumarey
- Board composition, Steve Muylle (director)
- Permanent representative, Steve Muylle
- +20 further facts in this act
21-09
Gazette deed
RestructuringPermanent representatives: Françoise Santens, Anne Santens and 4 others · Merger · Shareholding29 facts ▸
Gazette deed
Restructuring
Permanent representatives: Françoise Santens, Anne Santens and 4 others · Merger · Shareholding29 facts ▸
- Board composition, Malpy Invest (director)
- Permanent representative, Françoise Santens
- Board composition, Lisalim (director)
- Permanent representative, Anne Santens (2 times)
- Board composition, Phanne-Invest (managing director)
- Permanent representative, De Veyt Philippe (2 times)
- Board composition, RLM Consult (director)
- Permanent representative, Lecot Rik (2 times)
- Board composition, Jamar (director)
- Permanent representative, Eddy Dumarey
- Board composition, Steve Muylle (director)
- Permanent representative, Steve Muylle
- +17 further facts in this act
24-07
Gazette deed
Capital & shares · RestructuringAuditor report · Demerger · Accounting effect31 facts ▸
Gazette deed
Capital & shares · Restructuring
Auditor report · Demerger · Accounting effect31 facts ▸
- General meeting, “éénparigheid van stemmen, buitengewone algemene vergadering der aandeelhouders” (deed in Dutch)
- Other provision, “voorlezing splitsingsvoorstel, splitsingsvoorstel” (deed in Dutch)
- Other provision, “voorlezing verslagen bestuursorgaan en commissaris inzake inbreng in natura, artikel 7:197 van het Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Auditor report, “geen bevindingen van materieel belang, commissaris” (deed in Dutch)
- Auditor report, “1/16.492 van het kapitaal, geen gegevens die aanzet tot mening dat gegevens niet getrouw en voldoende zijn om buitengewone algemene vergadering voor te lichten” (deed in Dutch)
- Auditor report, “geen wezenlijke invloed op opdracht, nodige stukken en inlichtingen niet tijdig overgemaakt” (deed in Dutch)
- Auditor report, “partiële splitsing door overneming van specifieke activa- en passivabestanddelen behorend tot Lisalim NV” (deed in Dutch)
- Other provision, “kennisname verslagen” (deed in Dutch)
- Other provision, “vrijstelling voorlezing jaarrekeningen, voorzitter ontslagen van voorlezing” (deed in Dutch)
- Other provision, “vrijstelling voorlezing bestuursverslagen, voorzitter ontslagen van voorlezing” (deed in Dutch)
- Other provision, “verzaking revisoraal verslag splitsingsvoorstel, opstellen revisoraal verslag over splitsingsvoorstel” (deed in Dutch)
- Other provision, “voor zover 12:64 naar verslagen verwijst, verzaking” (deed in Dutch)
- +19 further facts in this act
24-07
Gazette deed
RestructuringMerger · Accounting effect · Shareholding16 facts ▸
Gazette deed
Restructuring
Merger · Accounting effect · Shareholding16 facts ▸
- General meeting, 14-06-2023
- Other provision, “1.1 DOCUMENTEN EN VERSLAGEN-vrijstelling voorlezing, verslagen bestuursorganen laatste drie boekjaren” (deed in Dutch)
- Other provision, “fusievoorstel met stempel griffie bevoegde ondernemingsrechtbank, 1.1 DOCUMENTEN EN VERSLAGEN-kennisname en bezit” (deed in Dutch)
- Other provision, “1.2 VERZAKING, tussentijdse cijfers stand vermogen max drie maanden voor fusievoorstel” (deed in Dutch)
- Other provision, “1.3 VASTSTELLING, bestuursorgaan verslag uitgifteprijs en gevolgen vermogens- en lidmaatschapsrechten voor kapitaalverhoging ingevolge fusie” (deed in Dutch)
- Other provision, “1.4 VASTSTELLING, artikel 12:53 §3 WVV” (deed in Dutch)
- Merger, “ontbinding zonder vereffening, per fusievoorstel” (deed in Dutch)
- Accounting effect, 01-01-2023
- Other provision, “b.2 Bijzondere rechten” (deed in Dutch)
- Other provision, “b.3 Bevoorrechte aandelen en b.4 Onroerend goed” (deed in Dutch)
- Other provision, “b.5 Kosten” (deed in Dutch)
- Shareholding
- +4 further facts in this act
04-07
NBB filing
Annual accounts filed
financial year 2022 · full format
04-07
NBB filing
Annual accounts filed
financial year 2022 · consolidated
04-05
Gazette deed
RestructuringPermanent representatives: Françoise Santens, Anne Santens and 4 others · Merger · Shareholding28 facts ▸
Gazette deed
Restructuring
Permanent representatives: Françoise Santens, Anne Santens and 4 others · Merger · Shareholding28 facts ▸
- Board meeting, 07-04-2023 (2 times)
- Board composition, Malpy Invest (director)
- Board composition, Lisalim (director)
- Board composition, Phanne-Invest (managing director)
- Board composition, RLM Consult (director)
- Board composition, Jamar (director)
- Board composition, Steve Muyile (director)
- Board composition, De Veyt Philippe (director)
- Board composition, Françoise Santens (director)
- Board composition, Anne Santens (director)
- Permanent representative, Françoise Santens
- Permanent representative, Anne Santens
- +16 further facts in this act
04-05
Gazette deed
RestructuringPermanent representatives: Anne Santens, Françoise Santens and 4 others · Capital · Demerger40 facts ▸
Gazette deed
Restructuring
Permanent representatives: Anne Santens, Françoise Santens and 4 others · Capital · Demerger40 facts ▸
- Board composition, Lisalim (director)
- Board composition, Malpy Invest (director)
- Board composition, Phanrie-Invest (managing director)
- Board composition, RLM Consult (director)
- Board composition, Steve Muylle (director)
- Board composition, Jamar (director)
- Permanent representative, Anne Santens (2 times)
- Permanent representative, Françoise Santens (2 times)
- Permanent representative, Philippe De Veyt (3 times)
- Permanent representative, Rik Lecot
- Permanent representative, Steve Muylle
- Permanent representative, Eddy Dumarey
- +28 further facts in this act
07-02
Gazette deed
Resignation: BV M.B.E. (director)Permanent representative: Edouard Evens3 facts ▸
Gazette deed
Resignation: BV M.B.E. (director)
Permanent representative: Edouard Evens3 facts ▸
- Board meeting, 22-12-2022
- Director resignation, BV M.B.E. (director)
- Permanent representative, Edouard Evens
19-01
Gazette deed
RestructuringReappointments: JAMAR, STEVE MUYLLE and 5 others · Amendment of the articles · Registered office clause24 facts ▸
Gazette deed
Restructuring
Reappointments: JAMAR, STEVE MUYLLE and 5 others · Amendment of the articles · Registered office clause24 facts ▸
- General meeting, 23-12-2022
- Amendment of the articles (3 times)
- Director reappointment, JAMAR (director)
- Director reappointment, STEVE MUYLLE (director)
- Director reappointment, LISALIM (director)
- Director reappointment, MALPY INVEST (director)
- Director reappointment, PHANNE-INVEST (director)
- Director reappointment, RLM Consult (director)
- Director reappointment, M.B.E. (director)
- Registered office clause, “verklaring huidige zetel, 8501 Kortrijk (Heule),Vier Linden” (deed in Dutch)
- Other provision, “3.1 documenten en verslagen fusie, overnemende en te splitsen vennootschap” (deed in Dutch)
- Other provision, “3.2 verzaking tussentijdse cijfers, opstellen tussentijdse cijfers over stand van vermogen” (deed in Dutch)
- +12 further facts in this act
2022
14-11
Gazette deed
RestructuringPermanent representatives: Françoise Santens, Anne Santens and 5 others · Incorporation · Merger25 facts ▸
Gazette deed
Restructuring
Permanent representatives: Françoise Santens, Anne Santens and 5 others · Incorporation · Merger25 facts ▸
- Incorporation, 09-10-1958
- Incorporation, 31-01-2003
- Board meeting, 12-10-2022 (2 times)
- Board composition, Malpy Invest (director)
- Board composition, Lisalim (director)
- Board composition, Phanne-Invest (managing director)
- Board composition, RLM Consult (director)
- Board composition, M.B.E. (director)
- Board composition, Jamar (director)
- Board composition, Steve Muylle (director)
- Permanent representative, Françoise Santens
- Permanent representative, Anne Santens
- +13 further facts in this act
16-09
Gazette deed
Reappointment: BDO Bedrijfsrevisoren (statutory auditor)Permanent representative: Philippe De Veyt4 facts ▸
Gazette deed
Reappointment: BDO Bedrijfsrevisoren (statutory auditor)
Permanent representative: Philippe De Veyt4 facts ▸
- General meeting, 16-06-2022
- Auditor reappointment, BDO Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Philippe De Veyt
- Director in office, PHANNE-INVEST (managing director)
21-06
NBB filing
Annual accounts filed
financial year 2021 · full format
21-06
NBB filing
Annual accounts filed
financial year 2021 · consolidated
2021
31-12
Financial
Highest result from 2018 to 2025net €8.8m ▲25.7%
Net result €8.8m, the highest in the series.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 64 annual accounts filed, the latest 10 are here; all 64 are under Financials.
15 of 48 deeds read
About the unread acts
Of the 48 Belgian Official Gazette deeds we know for this company, 15 have been read. The other 33 have 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.
Register details
Identification
Legal formPublic limited company
Founded09-10-1958
Financial year end31-12
Activities, NACEBEL 2025
46841Wholesale trade
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
46494Wholesale of non-electrical household articles
47521Retail sale of hardware, building materials, paint and glass (general range)
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405350033
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0405.350.033
Recognitions · licences · registrations
Recognised contractor
5 categoriesLECOT NVapproval no. 45092
- D20 Metal joineryclass 3, up to €600,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 3, up to €600,000
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
- P3 Overhead power linesclass 1, up to €162,000
- S1 Public telephone and telegraph equipmentclass 1, up to €162,000
Dual-learning approval
3 live approvalsLogistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Legal Entity Identifier
549300Z6A4KJ3S1H8P84
Environmental permits
5 applications in Flanders since 2020 · 3 granted · 2 refused
Functiewijziging zonder verbouwingswerken
Bouwen of herbouwen
Bouwen of herbouwen
Bouwen of herbouwen; Nieuwbouw of aanleggen; Slopen of verwijderen; Slopen van niet vrijstaande gebouwen of constructies
Bouwen of herbouwen; Slopen of verwijderen; Slopen van niet vrijstaande gebouwen of constructies
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Kortrijk · 88 establishment units since 1978
Ground area
79.6 ha
Building footprint
23.2 ha
Building volume
1,114,844 m³
84 parcels, Brussels, Flanders, Wallonia · tallest building 28.0 m. Linked by address, not a title deed.
88 establishment units
LECOT
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84 parcels
Flanders
65
(77.4%)
Wallonia
18
(21.4%)
Brussels
1
(1.2%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71363C1363/00L000 | Flanders | 25.1 ha | 1 · 5,597 m² | 11.4 m · 3 |
| 42026B0573/00T000 | Flanders | 2.7 ha | 1 · 462 m² | 12.0 m · 2 |
| 71004B0503/00L000 | Flanders | 2.7 ha | 1 · 1.3 ha | - |
| 31810N0173/00P000 | Flanders | 2.4 ha | 1 · 6,632 m² | 10.5 m · 2 |
| 11682F0048/00S017 | Flanders | 2.2 ha | 1 · 970 m² | 8.2 m · 2 |
| 13375M1131/00N000 | Flanders | 2.1 ha | 1 · 2,327 m² | 13.4 m · 3 |
| 92095B0016/00W000 | Wallonia | 2.1 ha | 1 · 4,433 m² | - |
| 45422C1140/00H000 | Flanders | 2.0 ha | 1 · 1.3 ha | 10.8 m · 2 |
| 13302D0074/00Y000 | Flanders | 1.8 ha | 1 · 9,703 m² | 9.9 m · 3 |
| 34002A0381/00H004 | Flanders | 1.7 ha | 1 · 1.1 ha | 10.8 m · 2 |
| 34016B0653/00C000 | Flanders | 1.5 ha | 1 · 2.1 ha | - |
| 41303D0161/00E000 | Flanders | 1.5 ha | 1 · 6,592 m² | 11.9 m · 2 |
| 42025G1482/00A000 | Flanders | 1.5 ha | 1 · 179 m² | 8.9 m · 2 |
| 31522B0318/00P000 | Flanders | 1.4 ha | 1 · 6,893 m² | 10.6 m · 3 |
| 34016B0652/00A002 | Flanders | 1.4 ha | 1 · 1.0 ha | 13.2 m · 2 |
| 33021E0479/00P005 | Flanders | 1.3 ha | 1 · 7,723 m² | 7.3 m · 2 |
| 12014K0411/00K000indicative | Flanders | 1.3 ha | 1 · 1.2 ha | 11.3 m · 3 |
| 72015D1228/00M000 | Flanders | 1.3 ha | 1 · 9,610 m² | 11.0 m · 3 |
| 12402A0089/00C000 | Flanders | 1.2 ha | 1 · 3,021 m² | 7.3 m · 2 |
| 63077C0487/00D000 | Wallonia | 9,997 m² | 1 · 2,631 m² | 7.4 m · 2 |
| 52034B1039/00Z004 | Wallonia | 9,994 m² | 1 · 3,265 m² | 11.1 m · 3 |
| 43352F0461/00E000 | Flanders | 9,900 m² | 1 · 1,847 m² | 28.0 m · 3 |
| 44038A0046/00C002 | Flanders | 9,704 m² | 1 · 2,861 m² | - |
| 41362B1913/00A000 | Flanders | 8,785 m² | 1 · 3,201 m² | 9.8 m · 2 |
| 44363B0389/00Y002 | Flanders | 8,531 m² | 1 · 3,204 m² | 13.7 m · 2 |
| 11032B0020/00W000 | Flanders | 7,335 m² | 1 · 1,915 m² | 10.3 m · 2 |
| 54007B0663/00H000 | Wallonia | 7,327 m² | 1 · 1,646 m² | - |
| 72021B0383/00E000 | Flanders | 6,720 m² | 1 · 6,513 m² | - |
| 36015A0934/00L002 | Flanders | 6,018 m² | 1 · 2,287 m² | 9.8 m · 3 |
| 32003D0701/00N004 | Flanders | 5,800 m² | 1 · 4,020 m² | - |
| 25111A0608/00P000 | Wallonia | 5,701 m² | 1 · 1,089 m² | 6.8 m · 2 |
| 12392A0433/00Z000 | Flanders | 5,639 m² | 1 · 3,076 m² | 21.2 m · 2 |
| 11001B0014/00E000 | Flanders | 5,093 m² | 1 · 967 m² | 6.2 m · 2 |
| 13434F0226/00A000 | Flanders | 4,968 m² | 1 · 1,314 m² | 6.8 m · 2 |
| 72502E0102/00T155 | Flanders | 4,913 m² | 1 · 2,796 m² | - |
| 46384D0699/00S000 | Flanders | 4,907 m² | 1 · 2,316 m² | - |
| 33305B1043/00F002 | Flanders | 4,564 m² | 1 · 2,955 m² | - |
| 62001B0377/00L000 | Wallonia | 4,084 m² | 1 · 1,169 m² | 5.9 m · 2 |
| 55015B0025/19W000 | Wallonia | 3,779 m² | 1 · 1,102 m² | 6.9 m · 2 |
| 13342B0655/00C002 | Flanders | 3,691 m² | 1 · 1,501 m² | 13.0 m · 2 |
| 46442C0511/00Z000 | Flanders | 3,614 m² | - | - |
| 34016B0652/00X000 | Flanders | 3,513 m² | 1 · 15 m² | 1.1 m |
| 45508A0172/00A000 | Flanders | 3,490 m² | 1 · 1,408 m² | - |
| 41023A0566/00M000 | Flanders | 3,283 m² | 1 · 1,256 m² | 7.3 m · 2 |
| 38025E0336/00C000 | Flanders | 3,236 m² | 1 · 1,502 m² | 3.8 m |
| 34016B0652/00B002 | Flanders | 3,189 m² | 1 · 102 m² | 6.4 m · 2 |
| 73076D0281/00F000 | Flanders | 3,164 m² | - | - |
| 71302A0032/00F035 | Flanders | 3,047 m² | 1 · 1,566 m² | 6.8 m · 2 |
| 13453O0246/00G000 | Flanders | 3,017 m² | 1 · 272 m² | 2.7 m · 1 |
| 25112B0047/00P002 | Wallonia | 2,734 m² | 1 · 2,156 m² | 7.1 m · 2 |
| 57463L0166/00V000 ProtectedSite or landscapeDrève de Maire, à Tournai, sur une largeur de 70 mètres entre alignements, se décomposant en une bande centrale de 20 mètres de largeur faisant partie du domaine public de l'Etat et en deux bande latérales de 25 mètres de largeur faisant partie du do ...Source ↗ |
Wallonia | 2,698 m² | 1 · 276 m² | 8.1 m · 2 |
| 71324E0182/00E000 | Flanders | 2,694 m² | 1 · 1,208 m² | - |
| 12007C0228/00F000 | Flanders | 2,554 m² | 1 · 1,225 m² | 4.5 m · 1 |
| 61068A0557/00G000 | Wallonia | 2,386 m² | 1 · 897 m² | 6.5 m · 2 |
| 53019A0026/00V000 | Wallonia | 2,299 m² | 1 · 1,051 m² | 5.9 m · 2 |
| 41043A0013/00N002 | Flanders | 2,210 m² | 1 · 742 m² | 9.7 m · 2 |
| 24514C0166/02F000 | Flanders | 2,160 m² | 1 · 1,712 m² | 6.8 m · 2 |
| 24662G0133/00C000 | Flanders | 2,159 m² | 1 · 2,174 m² | 9.0 m · 3 |
| 44001B0083/00V004 | Flanders | 2,087 m² | 1 · 744 m² | 6.8 m · 2 |
| 35020B0103/00E002 | Flanders | 2,021 m² | 1 · 1,051 m² | 6.6 m · 2 |
| 73048B0525/00K000 | Flanders | 1,992 m² | 1 · 1,117 m² | 9.4 m |
| 23582E0444/00S000 | Flanders | 1,892 m² | 1 · 877 m² | 8.5 m · 1 |
| 25099D0012/00H004 | Wallonia | 1,883 m² | 1 · 839 m² | 6.3 m · 2 |
| 23026A0124/00N003 | Flanders | 1,858 m² | 1 · 787 m² | 9.5 m · 2 |
| 24097N0217/00S002 | Flanders | 1,841 m² | 1 · 1,565 m² | 6.2 m · 2 |
| 11807G2128/00Y002 | Flanders | 1,828 m² | 1 · 3,259 m² | 12.0 m · 2 |
| 31039E0089/00G002 | Flanders | 1,710 m² | 1 · 1,023 m² | 6.8 m · 1 |
| 92253D0280/00D003 | Wallonia | 1,594 m² | 1 · 2,458 m² | - |
| 62047C1255/00K018 | Wallonia | 1,580 m² | 1 · 205 m² | 8.0 m · 2 |
| 51061B0038/00E002 | Wallonia | 1,465 m² | 1 · 192 m² | - |
| 64074A0505/00C002 | Wallonia | 1,376 m² | 1 · 185 m² | 8.1 m · 2 |
| 36009A0479/00X000 | Flanders | 1,312 m² | - | - |
| 23020D0342/00M002 | Flanders | 1,272 m² | 1 · 929 m² | 9.8 m · 2 |
| 13048C0204/00C000 | Flanders | 1,163 m² | - | - |
| 46016D0028/00A003 | Flanders | 1,158 m² | 1 · 600 m² | 10.9 m · 2 |
| 24081H0008/00V002 | Flanders | 1,120 m² | - | - |
| 93014B0173/00G006 | Wallonia | 1,061 m² | - | - |
| 44054B0357/00D003 | Flanders | 924 m² | 1 · 904 m² | 9.6 m · 3 |
| 72004B1214/00N000 | Flanders | 648 m² | 1 · 127 m² | 10.1 m · 2 |
| 34027F0317/00W002 | Flanders | 621 m² | 1 · 522 m² | 4.3 m |
| 21523B0939/00K105 | Brussels | 524 m² | 1 · 524 m² | 7.4 m · 2 |
| 63049F0358/00X003 | Wallonia | 325 m² | 1 · 60 m² | 10.8 m · 3 |
| 71352D0679/00P000indicative | Flanders | 268 m² | 1 · 161 m² | 10.6 m · 2 |
| 37302E0548/00Z000 | Flanders | 178 m² | 1 · 178 m² | 9.1 m · 2 |
How the parcels are linked
Good to know
82 of 84 parcels with an exact address match; the rest are indicative.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aankoop, de verkoop, fabricatie en handel in de meest uitgebreide zin, van alle ijzer- en metaalwaren, gereedschap, huishoudartikelen…” (deed in Dutch)deed of 08-11-2023
19 activities (deed in Dutch)
- De aankoop, de verkoop, fabricatie en handel in de meest uitgebreide zin, van alle ijzer- en metaalwaren, gereedschap, huishoudartikelen, gleis- en glaswaren
- De aankoop en verkoop van elektrische toestellen (voor verwarming)
- De aankoop en verkoop van elektrische toestellen en verlichtingstoestellen, van radio's, T.V. en elektrische apparatuur
- Installatie van centrale verwarming, en alle aanverwante artikelen
- De kleinhandelsverkoop en uitbating van een herstellingswerkhuis voor traktoren, land- en tuinbouwmachines
- Alsmede alle industriële, commerciële en financiële verhandelingen die zich rechtstreeks of onrechtstreeks bij dit doel aansluiten
- De aan- en verkoop, in- en uitvoer, vervaardiging, huren en verhuren, commissiehandel en vertegenwoordiging van alle soft- en hardware, alsook het verlenen van diensten inzake administratieve informatieverwerking
- De aan- en verkoop, het leveren, plaatsen, onderhouden en herstellen van veiligheidsinstallaties van allerlei aard
- De automatisering van allerlei toestellen
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren onder om het even welke vorm
- In dit kader kan zij zich ook borg stellen of haar aval verlenen
- In de meest ruime zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard
- In de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks, op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur
- Het waarnemen van alle bestuursopdrachten
- Het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks met haar maatschappelijk doel verband houden
- Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in 't kort tussenpersoon in de handel
- Alsmede alle industriële, commerciële, onroerende, roerende en financiële verhandelingen die rechtstreeks of onrechtstreeks bij dit doel aansluiten of de verwezenlijking ervan kunnen bevorderen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 19-01-2023
- Name clauseThe name the company operates under according to its articles.
- LECOTdeed of 19-01-2023
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deeddeed of 19-01-2023
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Hoogstens zes jaar, 3” (deed in Dutch)“Raad kiest voorzitter uit midden, raad kan ondervoorzitter benoemen” (deed in Dutch)“Plaats in oproepingsbrief,bij gebrek zetel vennootschap, telkens belang vennootschap dit vereist” (deed in Dutch)“Elke bestuurder kan aan één collega volmacht voor bepaalde raad en stemming,schriftelijk of wijze met materieel spoor,lastgever geacht…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of June at 15:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meer vereffenaars, vereffening door bestuursorgaan in functie handelend als college van vereffenaars” (deed in Dutch)2 more provisions on this in the deeddeed of 19-01-2023
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “Echt verklaarde afschriften op verzoek gericht aan bestuur bewaarnemende vennootschap, originele documenten en bescheiden verband houdend…” (deed in Dutch)deed of 24-07-2023