LENAERTS

Active

Public limited companyfounded 1993active for 33 yearsEuropark 1086, 3530 Houthalen-Helchteren, BelgiumKBO/BCE: BE 0450.996.946

Summary

LENAERTS has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.1m and a net result of €1.6m. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 89% of 2,434 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

LENAERTSActiveChecked score 94/100

Risk analysis Report Compare

Activity

General electrical installation work

NACE 43211Installation of electric heating, air conditioning, cooling and ventilation NACE 43222

Largest company by equity in Houthalen-Helchteren, Construction sector1 site

Size

€20.7mturnover 2025

Staff: 47.7 FTE
Equity: €10.1m
Profit: €1.6m

Financial health

94 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: Cristallo TopCo · 100%

WILLCODirector · permanent representative Wim Geens

Auditor: GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES2025 accounts 22 days early2 of 8 deeds summarised

Why 94raises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 4.87, cash €231,306lowers riskFounded in 1993Profit of €1.6m (financial year 2025)Show the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 64% of its sector peers (NACE 43, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100+8

equity 79.6% of total assets

Liquidity 46+8

short-term debt 20.3% · cash 1.8%

Profitability 76-20

return on assets 12.7%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.3% (2,646 companies, NACE 43, small)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 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: 0.3%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.2 percentage points vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €900,000 on 30-day terms is acceptable

Liquidity ample (current ratio 4.87, compared with 2.97 in 2024, above the usual 1.5; short-term debt: 20.3% and cash: 1.8% of total assets), and 20.4% 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 43, small): better than 95% on solvency, 51% on liquidity, 61% on profitability and 50% on growth.

The bankruptcy probability was computed on 24-10-2026 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).

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Signals

Five signals.

lowers riskraises riskneutral

Founded in 1993

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Profit of €1.6m (financial year 2025)

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Liquidity: current ratio 4.87, cash €231,306

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

22 days early

2024

3 days early

2023

29 days late

2022

on the day

2021

31 days late

2020

8 days late

2019

19 days late

← 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 9 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

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 31 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

09-07-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Equity above €10mequity €10.1m ▲18.9%
05-08-2025 Resignation: Mahler Consulting BV (bestuurder)Permanent representatives: Geert Fostier, Wim…

Key points

Positive: Largest company by equity in Houthalen-Helchteren, Construction sectorin the Checked rankings No. 1 View
Caution: Result fell in 2025from €3.1m to €1.6m ▼ 47.9% View
Positive: 8 profitable years in a rowprofit 2025: €1.6m 8 years View
Controlled by Cristallo TopCoultimately: Gimv 100% View

By topic

Financials

Financial year: 2025
Turnover: €20.7m
Profit: €1.6m
Solvency: 79.6%

Turnover▼ 9.5%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member
Parent: Cristallo TopCo · 100%
Auditor: GRANT THORNTON BEDRIJFSREVISOREN -…

WILLCODirector

Go to Board & ownership

Network & group

Group: Gimv
Connected companies: 18

Go to Network & group

Timeline

Events: 39
Since: 1994
Next accounts: by 31-07-2027

28-07-2025Annual accounts filed
31-12-2024Highest result from 2018 to 2025
29-08-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: General electrical installation workNACE 43211
Founded: 30-09-1993
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about LENAERTS

What is the company number of LENAERTS?: 0450.996.946. In Belgium the VAT number is the company number with BE in front: BE 0450.996.946.
Where is LENAERTS based?: The registered office is at Europark 1086, 3530 Houthalen-Helchteren.Company details
What does LENAERTS do?: According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of LENAERTS?: Public limited company (NV).
When was LENAERTS founded?: On 30-09-1993.
Is LENAERTS still active?: Yes, LENAERTS is an active enterprise in the KBO register.
How many employees does LENAERTS have?: On average 47.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LENAERTS?: €20.7m in financial year 2025, according to the filed annual accounts.
Is LENAERTS profitable?: In financial year 2025, LENAERTS made a profit of €1.6m.
Where can I find the annual accounts of LENAERTS?: LENAERTS filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LENAERTS due?: By 31-07-2027, for financial year 2026.Timeline