LENAERTS PROJECTS
ActiveLENAERTS PROJECTS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190k and a net result of €5k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-73
Solvency95▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 3.35 against 3.64 in 2024), and 49.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.2%
Return on assets
1.2%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
22 d late
2023
28 d late
2022
24 d late
2021
22 d late
2020
22 d early
2019
29 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€190k▲ 2.5%
2024 · €185k
2018: €42k
2019: €55k
2020: €77k
2021: €96k
2022: €129k
2023: €153k
2024: €185k
2018 → 2025
Total assets
€377k▼ 2.0%
2024 · €385k
2018: €83k
2019: €340k
2020: €375k
2021: €362k
2022: €363k
2023: €360k
2024: €385k
2018 → 2025
Net result
€5k▼ 85.3%
2024 · €32k
2018: €3k
2019: €14k
2020: €21k
2021: €20k
2022: €33k
2023: €24k
2024: €32k
2018 → 2025
Working capital
€92k▲ 2.2%
2024 · €90k
2018: €20k
2019: €3k
2020: €809
2021: €26k
2022: €47k
2023: €74k
2024: €90k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€129k▲ 34.5%€153k▲ 18.6%€185k▲ 20.6%€190k▲ 2.5%
Operating result€26k-€50k▲ 88.8%€39k▼ 21.2%€48k▲ 22.6%€12k▼ 74.9%
Net result€20k-€33k▲ 69.3%€24k▼ 27.6%€32k▲ 31.7%€5k▼ 85.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €377k
Fixed assets
€246k▼ 5.7%
Current assets
€131k▲ 5.7%
Equity and liabilities €377k
Equity
€190k▲ 2.5%
Debt
€188k▼ 6.3%
The debt ratio falls from 52.0% to 49.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€50k▼
2024 · €84k
Cash flow
€42k▼
2024 · €68k
Solvency
50.2%▲
2024 · 48.0%
Current ratio
3.35▼
2024 · 3.64
Quick ratio
3.35▼
2024 · 3.64
Debt / equity
0.99▼
2024 · 1.08
ROE
2.5%▼
2024 · 17.1%
ROA
1.2%▼
2024 · 8.2%
Interest coverage
7.44▼
2024 · 12.28
Debt
€188k▼
2024 · €200k
Debt ≤ 1 year
€39k▲
2024 · €34k
Debt > 1 year
€149k▼
2024 · €166k
Income taxes
€2k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€385k€377k▼
Fixed assets21/28€261k€246k▼
Tangible fixed assets22/27€261k€246k▼
Land and buildings22€188k€175k▼
Plant, machinery and equipment23€22k€36k▲
Furniture and vehicles24€51k€36k▼
Current assets29/58€124k€131k▲
Amounts receivable within one year40/41€28k€29k▲
Trade receivables40€19k€12k▼
Other amounts receivable41€9k€18k▲
Cash at bank and in hand54/58€96k€101k▲
Deferred charges and accrued income490/1€486€486=
Equity and liabilities
Total equity and liabilities10/49€385k€377k▼
Equity10/15€185k€190k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€171k€175k▲
Amounts payable17/49€200k€188k▼
Amounts payable after more than one year17€166k€149k▼
Financial debts170/4€166k€149k▼
Amounts payable within one year42/48€34k€39k▲
Current portion of amounts payable after more than one year42€27k€34k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€2k€683▼
Taxes450/3€2k€683▼
Income statement
Code20242025
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€38k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€87k€52k▼
Operating profit (loss)9901€48k€12k▼
Financial income75/76B€59€971▲
Recurring financial income75€59€971▲
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€41k€6k▼
Income taxes67/77€10k€2k▼
Profit (loss) for the period9904€32k€5k▼
Profit (loss) for the period to be appropriated9905€32k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€171k€175k▲
Profit (loss) brought forward from the previous period14P€139k€171k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Equity above €150kEq €153k ▲18.6%
6 profitable years in a row build equity to €153k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €33k ▲69.3%
Operating result €50k, net result €33k, both a record.
31-12
Financial
Equity above €100kEq €129k ▲34.5%
5 profitable years in a row build equity to €129k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Bornem · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Omgangstraat(MAR) 1372880 BornemGround area
1,224 m²
Building footprint
160 m²
Parcel 12024A0189/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Omgangstraat(MAR) 137, 2880 Bornem
since 20122.212.039.072
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12024A0189/00H000 | Flanders | 1,224 m² | 1 · 160 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0417.336.659
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GROWO
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DHB Façades et Plafonnage
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AANNEMING KEVIN CODDENS
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Of 8,397 companies in sector 43120 we hold annual accounts for 3,204. 2,583 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-08-2012
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
46130Agents in the wholesale of timber and building materials
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.