Lencor
ActiveSummary
Lencor has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €542,284 and a net result of €23,902. Equity is growing by ~4.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+54
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 30.19 against 38.11 in 2024; short-term debt: 2.8% and cash: 18.8% of total assets), and 4.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
95.6%
Return on assets
4.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
1 d early
2022
4 d early
2021
22 d late
2020
4 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€542,284▲ 4.6%
2024 · €518,382
Total assets
€567,319▲ 5.7%
2024 · €536,976
Net result
€23,902▲ 257%
2024 · €6,693
Working capital
€471,418▲ 5.9%
2024 · €445,100
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,549▼ 88.6%€16,012▲ 27.6%€15,259▼ 4.7%-€976€24,244
Net result€14,723▼ 80.2%€18,166▲ 23.4%€17,189▼ 5.4%€6,693▼ 61.1%€23,902▲ 257%
Equity€476,335▲ 3.2%€494,501▲ 3.8%€511,690▲ 3.5%€518,382▲ 1.3%€542,284▲ 4.6%
Total assets€509,903▲ 2.6%€525,176▲ 3.0%€543,491▲ 3.5%€536,976▼ 1.2%€567,319▲ 5.7%
Debt€33,568▼ 5.3%€30,675▼ 8.6%€31,801▲ 3.7%€18,594▼ 41.5%€25,035▲ 34.6%
Working capital€408,695▲ 3.5%€427,569▲ 4.6%€445,465▲ 4.2%€445,100▼ 0.1%€471,418▲ 5.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24,244 after a loss of €976 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567,319
Fixed assets
€79,749 ▼ 0.2%
Current assets
€487,571 ▲ 6.7%
Equity and liabilities €567,319
Equity
€542,284 ▲ 4.6%
Debt
€25,035 ▲ 34.6%
Debt's share of the balance-sheet total rises from 3.5% to 4.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,377▲
2024 · -€269
Cash flow
€24,035▲
2024 · €7,400
Current ratio
30.19▼
2024 · 38.11
Debt to equity
0.05▲
2024 · 0.04
ROE
4.4%▲
2024 · 1.3%
ROA
4.2%▲
2024 · 1.2%
Interest coverage
116.38▲
2024 · -1.20
Debt ≤ 1 year
€16,152▲
2024 · €11,994
Income taxes
€11,911▲
2024 · €3,453
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €707 | €707 | €707 | €707 | €133 | ▼ 81.1% |
| Other operating charges640/8 | €3,606 | €3,687 | €3,852 | €3,997 | €4,252 | ▲ 6.4% |
| Gross operating margin9900 | €16,862 | €20,407 | €19,819 | €3,728 | €28,630 | ▲ 668% |
| Operating profit (loss)9901 | €12,549 | €16,012 | €15,259 | -€976 | €24,244 | ▲ 2,583% |
| Financial income75/76B | €9,569 | €11,260 | €10,664 | €11,345 | €11,778 | ▲ 3.8% |
| Recurring financial income75 | €9,569 | €11,260 | €10,664 | €11,345 | €11,778 | ▲ 3.8% |
| Financial charges65/66B | €156 | €210 | €194 | €224 | €209 | ▼ 6.3% |
| Recurring financial charges65 | €156 | €210 | €194 | €224 | €209 | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | €21,963 | €27,062 | €25,729 | €10,146 | €35,813 | ▲ 253% |
| Income taxes67/77 | €7,240 | €8,896 | €8,541 | €3,453 | €11,911 | ▲ 245% |
| Profit (loss) for the period9904 | €14,723 | €18,166 | €17,189 | €6,693 | €23,902 | ▲ 257% |
| Profit (loss) for the period to be appropriated9905 | €14,723 | €18,166 | €17,189 | €6,693 | €23,902 | ▲ 257% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €509,903 | €525,176 | €543,491 | €536,976 | €567,319 | ▲ 5.7% |
| Fixed assets21/28 | €82,005 | €81,297 | €80,590 | €79,882 | €79,749 | ▼ 0.2% |
| Tangible fixed assets22/27 | €82,005 | €81,297 | €80,590 | €79,882 | €79,749 | ▼ 0.2% |
| Land and buildings22 | €82,005 | €81,297 | €80,590 | €79,882 | €79,749 | ▼ 0.2% |
| Current assets29/58 | €427,898 | €443,879 | €462,901 | €457,094 | €487,571 | ▲ 6.7% |
| Amounts receivable after more than one year29 | €136,000 | €306,000 | €306,000 | €306,000 | €306,000 | = |
| Other amounts receivable291 | €136,000 | €306,000 | €306,000 | €306,000 | €306,000 | = |
| Amounts receivable within one year40/41 | €128,102 | €34,209 | €37,001 | €48,665 | €63,010 | ▲ 29.5% |
| Trade receivables40 | €168 | €3,161 | - | - | - | - |
| Other amounts receivable41 | €127,934 | €31,048 | €37,001 | €48,665 | €63,010 | ▲ 29.5% |
| Cash at bank and in hand54/58 | €153,790 | €97,245 | €105,425 | €90,514 | €106,782 | ▲ 18.0% |
| Deferred charges and accrued income490/1 | €10,006 | €6,425 | €14,475 | €11,915 | €11,778 | ▼ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €509,903 | €525,176 | €543,491 | €536,976 | €567,319 | ▲ 5.7% |
| Equity10/15 | €476,335 | €494,501 | €511,690 | €518,382 | €542,284 | ▲ 4.6% |
| Contributions10/11 | €228,780 | €228,780 | €228,780 | €228,780 | €228,780 | = |
| Capital10 | €228,780 | €228,780 | €228,780 | €228,780 | €228,780 | = |
| Issued capital100 | €228,780 | €228,780 | €228,780 | €228,780 | €228,780 | = |
| Reserves13 | €247,555 | €265,721 | €282,910 | €289,602 | €313,504 | ▲ 8.3% |
| Non-distributable reserves130/1 | €11,855 | €12,765 | €13,625 | €13,975 | €15,275 | ▲ 9.3% |
| Legal reserve130 | €11,855 | €12,765 | €13,625 | €13,975 | €15,275 | ▲ 9.3% |
| Distributable reserves133 | €235,700 | €252,956 | €269,285 | €275,627 | €298,229 | ▲ 8.2% |
| Amounts payable17/49 | €33,568 | €30,675 | €31,801 | €18,594 | €25,035 | ▲ 34.6% |
| Amounts payable within one year42/48 | €19,203 | €16,311 | €17,437 | €11,994 | €16,152 | ▲ 34.7% |
| Trade debts44 | €168 | €175 | - | - | €789 | - |
| Suppliers440/4 | €168 | €175 | - | - | €789 | - |
| Taxes, remuneration and social security45 | €19,035 | €16,136 | €17,437 | €11,994 | €15,364 | ▲ 28.1% |
| Taxes450/3 | €19,035 | €16,136 | €17,437 | €11,994 | €15,364 | ▲ 28.1% |
| Accrued charges and deferred income492/3 | €14,365 | €14,365 | €14,365 | €6,600 | €8,883 | ▲ 34.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,723 | €18,166 | €17,189 | €6,693 | €23,902 | ▲ 257% |
| + Depreciation and write-downs630 | €707 | €707 | €707 | €707 | €133 | ▼ 81.1% |
| Operating cash flow (approximation) | €15,430 | €18,874 | €17,896 | €7,400 | €24,035 | ▲ 225% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€56,544 | €8,180 | -€14,912 | €16,269 | ▲ 209% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €6,693 ▼61.1%
Net result drops to €6,693, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500,000Eq €511,690 ▲3.5%
6 profitable years in a row build equity to €511,690.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €74,214 ▲228%
Operating result €110,432, net result €74,214, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Zulte · 1 establishment unit since 1999
Ground area
1,325 m²
Building footprint
236 m²
Volume, LiDAR
1,367 m³
Parcel 44050A0778/00R000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LENCOR
since 19992.092.090.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050A0778/00R000 | Flanders | 1,325 m² | 1 · 236 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded28-07-1999
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466617807
Also
9925:BE0466617807
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.