Turnover
The micro format states no turnover.
The micro format states no turnover.
The dashed line is the sector median: 0.5% across 3,709 companies (NACE 25, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 25, micro). It does better than 65% of them on solvency, 81% on liquidity, 55% on profitability and 62% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 39,278 companies had the same profile as Lenco has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Lenco itself: 0.5% within 12 months.
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 39,278 companies, not a prediction for Lenco. 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.
Liquidity is ample, with a current ratio of 2.41 (2.07 in 2024), above the usual 1.5. Short-term debt is 39.7% and cash 86% of total assets. 39.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 43 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Lenco Herent | €28,956 | €2,754 | 60.3% | - |
| ELKANOA Zwevegem | €24,302 | €5,109 | -15.5% | - |
| FGDehon Colfontaine | €20,361 | €5,353 | -49.0% | - |
| ARD Fosses-la-Ville | €36,602 | €6,125 | 39.9% | - |
| BC-Staalconcept Holsbeek | €53,627 | €1,235 | -57.6% | - |
| Deckers J. Bekkevoort | €30,507 | €7,306 | 77.8% | - |
| AG Home Sint-Pieters-Leeuw | €19,267 | -€6,803 | 43.2% | - |
These companies have the same main activity as Lenco: forging of metal (NACE 25401). They are comparable in size and age: total assets between €19,300 and €53,600, founded between 2021 and 2024.
Lenco has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,472 and a net result of €1,895.
Its solvency ranks better than 66% of 2,343 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €19,000. Estimated: probably between €7,900 and €36,000.
Higher than 66% of 2,343 companies in 2025.
Higher than 65% of 2,309 companies in 2025.
Higher than 50% of 2,323 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
28,956 | 28,643 | |
21/28 |
1,305 | 1,538 | |
22/27 |
1,305 | 1,538 | |
23 |
1,305 | 1,538 | |
29/58 |
27,651 | 27,105 | |
40/41 |
2,736 | 4,846 | |
40 |
2,736 | 4,846 | |
54/58 |
24,914 | 22,259 | |
| Balance sheet: equity and liabilities | |||
10/49 |
28,956 | 28,643 | |
10/15 |
17,472 | 15,578 | |
10/11 |
5,000 | 5,000 | |
13 |
10,578 | 10,578 | |
133 |
10,578 | 10,578 | |
14 |
1,895 | - | |
17/49 |
11,484 | 13,065 | |
42/48 |
11,484 | 13,065 | |
44 |
157 | 751 | |
440/4 |
157 | 751 | |
45 |
1,083 | 6,135 | |
450/3 |
1,083 | 6,135 | |
47/48 |
10,243 | 6,179 | |
| Income statement | |||
9900 |
2,754 | 14,776 | |
630 |
232 | 89 | |
9901 |
2,521 | 14,687 | |
75/76B |
0 | 0 | |
75 |
0 | 0 | |
65/66B |
45 | 26 | |
65 |
45 | 26 | |
9903 |
2,476 | 14,661 | |
67/77 |
582 | 4,083 | |
9904 |
1,895 | 10,578 | |
9905 |
1,895 | 10,578 | |
| Appropriation of the result | |||
9906 |
1,895 | 10,578 | |
691/2 |
- | 10,578 | |
6921 |
- | 10,578 | |
| Document | |||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-06-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 2,754 | 14,776 | ||
| 2,127 | 10,667 | ||
| 0 | 1,626 | ||
| 2,655 | - | ||
| 16,167 | 14,040 | ||
| 60.3% | 54.4% | ||
| 2.41 | 2.07 | ||
| 0.66 | 0.84 | ||
| 10.8% | 67.9% | ||
| 6.5% | 36.9% | ||
| 61.19 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €1,626 |
| €232 | €89 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 83% lower than in 2024.
Debt's share of the balance-sheet total falls from 45.6% to 39.7%. Equity is higher and debt is lower.
Lenco has no parent and no holdings in its annual accounts. LAUWEREYS Sarah Jacqueline Pieter Tinneke is the only director. Lenco shares no director with another company.
| CONSTRUCTIE LAUWEREYS MACHINEBOUW ENGINEERING
registered office since 03-05-1995 · founded in 1995 |
0.8 FTE (2025) 0454.621.974 |
| KARJOSA
registered office since 01-01-2008 · founded in 2007 |
total assets €860,100 (2025) 0894.439.572 |
| KELLO
registered office since 20-12-2022 · founded in 2022 |
total assets €435,353 (2025) 0795.138.001 |
| Lauwereys, Sarah (sole trader)
establishment since 24-04-2026 |
founded in 2026 1037.271.973 |
| Leuvense Oldtimersbeurs
registered office since 23-08-1995 |
founded in 1995 0456.922.359 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 25 July 2023, Lenco was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 LAUWEREYS Sarah Jacqueline Pieter Tinneke has served as director since 2023.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Oud-Strijdersstraat 115 registered office 3020 Herent | 25-07-2023 | 2.348.234.792 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24423G0156/00H002 | 1,705 m² | 1 · 188 m² | 10.2 m · 2 |
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