LECTRO (0713.579.411): financials and annual accounts

LECTRO

Mechelen ·KBO/BCE: BE 0713.579.411

Line	2025	2024	2023	2022	2021	2020	2019
Balance sheet: assets
Total assets`20/58`	810,070	879,314	763,569	337,422	274,636	172,216	89,191
Fixed assets`21/28`	421,078	421,839	395,706	12,505	14,854	4,234	2,622
Tangible fixed assets`22/27`	421,078	420,639	394,506	11,305	13,654	3,034	1,422
Land and buildings`22`	394,022	391,694	371,703	-	-	-	-
Plant, machinery and equipment`23`	6,314	6,749	4,964	7,114	9,830	3,034	1,422
Furniture and vehicles`24`	17,232	17,328	11,611	4,191	3,823	-	-
Other tangible fixed assets`26`	3,509	4,869	6,228	-	-	-	-
Financial fixed assets`28`	0	1,200	1,200	1,200	1,200	1,200	1,200
Current assets`29/58`	388,993	457,474	367,863	324,917	259,782	167,981	86,569
Stocks and contracts in progress`3`	6,470	2,174	1,426	-	-	-	-
Stocks`30/36`	6,470	2,174	1,426	-	-	-	-
Amounts receivable within one year`40/41`	44,825	194,191	160,411	99,911	63,367	45,877	58,326
Trade receivables`40`	24,247	159,992	66,219	68,923	43,840	38,093	48,489
Other amounts receivable`41`	20,578	34,198	94,192	30,987	19,527	7,784	9,837
Cash at bank and in hand`54/58`	317,510	242,813	192,290	209,136	190,048	117,023	24,019
Deferred charges and accrued income`490/1`	20,187	18,296	13,736	15,871	6,367	5,081	4,224
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	810,070	879,314	763,569	337,422	274,636	172,216	89,191
Equity`10/15`	481,463	453,808	424,054	280,198	200,835	127,994	55,866
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	18,600	18,600
Contributions outside capital`11`	-	-	-	-	18,600	-	-
Other`1109/19`	-	-	-	-	18,600	-	-
Reserves`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	-	-	0	1,860	1,860	1,860	-
Legal reserve`130`	-	-	-	-	-	1,860	1,860
Reserves not available under the articles`1311`	-	-	0	1,860	1,860	-	-
Distributable reserves`133`	1,860	1,860	1,860	-	-	-	-
Profit (loss) carried forward`14`	461,003	433,348	403,594	259,738	180,375	107,534	35,406
Amounts payable`17/49`	328,607	425,505	339,515	57,224	73,801	44,222	33,324
Amounts payable after more than one year`17`	283,128	298,809	282,783	-	-	-	-
Financial debts`170/4`	283,128	298,809	282,783	-	-	-	-
Amounts payable within one year`42/48`	45,478	126,697	56,732	57,224	73,801	44,222	33,324
Current portion of amounts payable after more than one year`42`	15,680	14,974	1,217	-	-	-	-
Trade debts`44`	26,372	70,916	52,290	54,181	29,265	9,327	23,338
Suppliers`440/4`	26,372	70,916	52,290	54,181	29,265	9,327	23,338
Taxes, remuneration and social security`45`	3,426	3,306	3,225	3,043	44,536	34,894	9,986
Taxes`450/3`	-	-	-	-	43,562	34,894	9,986
Remuneration and social security`454/9`	3,426	3,306	3,225	3,043	974	-	-
Other amounts payable`47/48`	0	37,500	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	0	280	209	-	7,384	-	-
Gross operating margin`9900`	131,794	262,541	236,247	154,318	113,593	99,022	50,021
Remuneration, social security and pensions`62`	46,931	44,360	43,958	41,759	17,542	2,659	1,138
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	27,174	23,435	7,055	4,756	3,487	1,072	905
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	5,592	94,681	-	-	-	2,933	-
Other operating charges`640/8`	3,397	2,248	2,911	2,110	1,577	1,338	801
Non-recurring operating charges`66A`	-	-	0	4,326	-	-	-
Operating profit (loss)`9901`	48,701	97,817	182,323	101,366	90,987	91,020	47,178
Financial income`75/76B`	3,456	4,175	1,286	1,399	928	91	92
Recurring financial income`75`	3,456	4,175	1,286	1,399	928	91	92
Financial charges`65/66B`	14,722	14,916	2,084	555	412	109	92
Recurring financial charges`65`	14,722	14,916	2,084	555	412	109	92
Profit (loss) for the period before taxes`9903`	37,434	87,076	181,526	102,210	91,503	91,003	47,178
Income taxes`67/77`	9,779	19,822	37,670	22,847	18,662	18,875	9,912
Profit (loss) for the period`9904`	27,655	67,255	143,856	79,363	72,841	72,127	37,266
Profit (loss) for the period to be appropriated`9905`	27,655	67,255	143,856	79,363	72,841	72,127	37,266
Appropriation of the result
Profit (loss) to be appropriated`9906`	461,003	470,848	403,594	259,738	180,375	107,534	37,266
Profit (loss) brought forward from the previous period`14P`	433,348	403,594	259,738	180,375	107,534	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	1,860
To the legal reserve`6920`	-	-	-	-	-	-	1,860
Profit to be distributed`694/7`	0	37,500	-	-	-	-	-
Return on contributions (dividend)`694`	0	37,500	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	1	1	1	1	0.5	-	-
Hours worked`1013`	1,692	1,694	1,652	1,848	730	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	02-07-2026	2026-00236253	PDF
31-12-2024	micro format	07-07-2025	2025-00236404	PDF
31-12-2023	micro format	01-07-2024	2024-00186239	PDF
31-12-2022	micro format	21-08-2023	2023-00337115	PDF
31-12-2021	micro format	30-06-2022	2022-20110387	PDF
31-12-2020	micro format	29-06-2021	2021-26500243	PDF
31-12-2019	micro format	30-06-2020	2020-23900352	PDF

Year	Entries	Awarded	Paid
2024	1	€654	€654
2023	1	€586	€586

Line	2025	2024	2023	2022	2021	2020	2019
EBITDA	75,875	121,252	189,378	106,122	94,474	92,092	48,083
Cash flow	54,829	90,689	150,910	84,120	76,328	73,199	38,172
Investment in fixed assets	27,612	49,568	390,256	2,408	14,106	2,684	3,527
Change in cash	74,697	50,523	-16,845	19,088	73,025	93,004	-
Working capital	343,514	330,777	311,131	267,693	185,981	123,759	53,244
Solvency	59.4%	51.6%	55.5%	83.0%	73.1%	74.3%	62.6%
Current ratio	8.55	3.61	6.48	5.68	3.52	3.80	2.60
Quick ratio	8.41	3.59	6.46	5.68	3.52	3.80	2.60
Debt to equity	0.68	0.94	0.80	0.20	0.37	0.35	0.60
ROE	5.7%	14.8%	33.9%	28.3%	36.3%	56.4%	66.7%
ROA	3.4%	7.6%	18.8%	23.5%	26.5%	41.9%	41.8%
Interest coverage	5.15	8.13	90.87	over 100	over 100	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	1	1	1	1	1
full-time	1	1	1	1	1
part-time	0	0	0	-	-
in full-time equivalents	1	1	1	1	1
Average over the year, in full-time equivalents	1	1	1	1	0.5
On a permanent contract	1	1	1	1	1
Joined	-	-	-	-	2
Left	-	-	-	-	1

LECTRO

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency59.4%

Current ratio8.55

Return on assets3.4%

Staff

Staff cost per FTE€46,931

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2024, 2 entries, €1,240 awarded, €1,240 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on LECTRO

Next steps

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€27,500	€27,500	€27,500	-	-
Mortgage mandates	€319,000	€319,000	€319,000	-	-
Carrying value of the mortgaged assets	€394,022	€391,694	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€27,612	€49,568	€390,256	€2,408	€14,106
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€27,174	€23,435	€7,055	€4,756	€3,487