Equity
€267,023 ▲ 16.8%
LENARTZ has made a profit in every financial year since 2006.
LENARTZ
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €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 directorLENXARD
Owners
99.62%LENXARD
Documentsfilings and deeds
31-08-202631 days late
2025financial year
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 accountsChecked score
70
Healthy
Financially stronger than 53% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.8%▼ -0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 1.5%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 0.7%▼ -0.8 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.6%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.2%▲ +0.5 percentage points vs 07-2026
09-2026: 0.6%▼ -0.6 percentage points vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Size: 5 FTE, total assets €537,019
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1989
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 54% of them on solvency, 28% on liquidity, 64% on profitability and 64% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as LENARTZ has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LENARTZ itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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% |
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 31,368 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
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.27 in 2024), above the usual 1.5. Short-term debt is 40.3% and cash 6.4% of total assets. However, 50.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
28 days late
2023
30 days late
2022
31 days late
2021
31 days late
2020
139 days late
2019
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 51 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0437455944
1 director resigning
Change of role: LENXARD, from director to sole director · Resignation: GRIGNARD Xavier · Permanent representative: GRIGNARD Xavier · General meeting of 08-08-2023 · Gazette deed
Merger: LENARTZ takes over CHAUFFAGE R. CHARLIER
Cancellation of 500 shares · Permanent representative: GRIGNARD Xavier · The company holds all the shares of CHAUFFAGE R. CHARLIER · General meeting of 16-08-2018 · Gazette deed
Reappointments: Xavier Grignard (director) and LENXARD (director)
General meeting of 17-06-2018 · Gazette deed
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
Annual accounts 2025
- ≈ €1.1mestimated
- €537,019▲ 11.6%
- Employeeson 31-12-2025
- 5=
- Filing
- Filed on 31-08-2026
Insights on LENARTZ
LENARTZ has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €267,023 and a net result of €59,373.
Equity has been growing by about 5.3% per year since 2018. Its solvency ranks better than 60% of 2,463 sector peers (NACE 43, financial year 2025).
The computed 12-month bankruptcy probability is 0.6% (low).
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
Next steps
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