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LENARTZ

Active Public limited companyfounded 1989active for 37 yearsRue de Merckhof 117, 4880 AubelKBO/BCE: BE 0437.455.944 subsidiary of #5 oldest company in Aubel, Construction sector

Lifetime

20 annual accounts with figures on one time axis, 37 filings since 1989
peak €644,731 (2012)
€441,872▼ 6.8%
peak €112,995 (2012)
€59,373▲ 4.0%
peak €267,023 (2025)
€267,023▲ 16.8%
€246,951▲ 8.5%
peak 11.4 FTE (2013)
5 FTE▼ 13.8%
Board2 names since 2018
1 director
Owners
99.62%
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Staff from 5.8 FTE to 5 FTEEquity from €228,581 to €267,023Cash from €22,468 to €34,518

Key points

from the 2025 annual accounts

Equity

€267,023 ▲ 16.8%

LENARTZ has made a profit in every financial year since 2006.

Staff

5 FTE from 11.4 in 2013

Between 2013 and 2025, 56% of the full-time equivalents disappeared.

Filings

37 annual accounts since 1989
AprilJune31 JulyOctober1990200020102020

Eight of the last ten came late. The 2020 accounts came latest: 139 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 31,386 companies had the same profile as LENARTZ has now. Each dot stands for 79 companies, two years later.

93.4%
were still trading
6.0%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,386 companies, not a prediction for LENARTZ. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director,
  • 99.62%score equity €687,751 (2025) · 30-06-2025 annual accounts of

Shares in 1 company,

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0437455944
1 director resigning Change of role: , from director to sole director · Resignation: · Permanent representative: · General meeting of 08-08-2023 · Gazette deed
Merger: LENARTZ takes over CHAUFFAGE R. CHARLIER Cancellation of 500 shares · Permanent representative: · The company holds all the shares of CHAUFFAGE R. CHARLIER · General meeting of 16-08-2018 · Gazette deed
Reappointments: (director) and (director) General meeting of 17-06-2018 · Gazette deed
All 49 events

Comparable companies

same main activity, similar in size and age
Company
LENARTZ Aubel €537,019 €441,872 49.7% 5
R. & G. DOBBELAERE Knokke-Heist €482,765 €462,620 69.3% 5
CHAUFFAGE - REGULATION - SANITAIRE Butgenbach €736,645 €511,973 88.9% 5.3
CHAUFFAGE SANITAIRE LUX La Calamine €646,944 €373,847 82.1% 5.8
TOTAL COMFORT Waimes €710,106 €421,918 82.6% 4.8
DANY VANCLEE Tongeren-Borgloon €612,217 €371,705 65.7% 4.2
G.Vermeersch Oudenaarde €569,096 €481,240 52.0% 6.7

These companies have the same main activity as LENARTZ: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €483,000 and €737,000, founded between 1988 and 1997.

Official details

Source: KBO
Status
Active since 08-05-1989Normal situation
Activity
Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 1 other
Joint committees
200Auxiliary committee for white-collar workers
124Construction · annual accounts 2025
Establishment unit
2.044.094.9554880 Aubel, since 11-07-1989
Financial year end
31 December
Peppol
Reachable since 19-11-2025
Company details

Annual accounts 2025

≈ €1.1mestimated
€537,019▲ 11.6%
Employeeson 31-12-2025
5=
Filing
Filed on 31-08-2026
Financials

Insights on LENARTZ

LENARTZ files the abbreviated format. That format states no turnover. The gross margin rose from €427,213 in 2006 to €441,872 in 2025.

holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about LENARTZ

What is the company number of LENARTZ?
The company number of LENARTZ is 0437.455.944. The VAT number is the same number with BE in front: BE 0437.455.944.
Where is LENARTZ based?
The registered office is at Rue de Merckhof 117, 4880 Aubel.Company details
What does LENARTZ do?
According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
What is the legal form of LENARTZ?
LENARTZ is a public limited company (NV).
When was LENARTZ founded?
LENARTZ was founded on 08-05-1989.
Is LENARTZ still active?
Yes, LENARTZ is an active enterprise in the KBO register.
How many employees does LENARTZ have?
LENARTZ had an average of 5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does LENARTZ fall under?
In its 2025 annual accounts, LENARTZ states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
What is the turnover of LENARTZ?
The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €441,872 and 46 comparable companies (NACE 432). It probably lies between €960,000 and €1.4m.
Is LENARTZ profitable?
In financial year 2025, LENARTZ made a profit of €59,373.
Where can I find the annual accounts of LENARTZ?
LENARTZ filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LENARTZ due?
LENARTZ must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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