LENES
InactiveLENES was declared bankrupt on 17-08-2023 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 04-02-2025, published in the Belgian State Gazette on 13-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 04-08-2022, 4 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
4 d late
2020
31 d late
2019
117 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€156k▼ 14.1%
2020 · €181k
2019: €112klowest in 3 years
2020: €181k▲ +61.3% vs 2019highest in 3 years
2021: €156k▼ -14.1% vs 2020
2019 → 2021
EBIT margin
-4.9%▼ 1.4pp
2020 · -3.5%
2019: 18.8%highest in 3 years
2020: -3.5%▼ -119% vs 2019
2021: -4.9%▼ -38.6% vs 2020lowest in 3 years
2019 → 2021
Net result
€-8k▲ 24.4%
2020 · €-11k
2018: €3k
2019: €16k▲ +470% vs 2018highest in 4 years
2020: €-11k▼ -168% vs 2019lowest in 4 years
2021: €-8k▲ +24.4% vs 2020
2018 → 2021
Working capital
€-427
2020 · €8k
2018: €10k
2019: €14k▲ +42.2% vs 2018highest in 4 years
2020: €8k▼ -40.1% vs 2019
2021: €-427▼ -105% vs 2020lowest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€112k€181k▲ 61.3%€156k▼ 14.1%
2019: €112klowest in 3 years
2020: €181k▲ +61.3% vs 2019highest in 3 years
2021: €156k▼ -14.1% vs 2020
Equity€15k-€31k▲ 103%€20k▼ 34.5%€12k▼ 39.8%
2018: €15k
2019: €31k▲ +103% vs 2018highest in 4 years
2020: €20k▼ -34.5% vs 2019
2021: €12k▼ -39.8% vs 2020lowest in 4 years
Operating result€4k-€21k▲ 462%€-6k€-8k▼ 19.1%
2018: €4k
2019: €21k▲ +462% vs 2018highest in 4 years
2020: €-6k▼ -130% vs 2019
2021: €-8k▼ -19.1% vs 2020lowest in 4 years
Net result€3k-€16k▲ 470%€-11k€-8k▲ 24.4%
2018: €3k
2019: €16k▲ +470% vs 2018highest in 4 years
2020: €-11k▼ -168% vs 2019lowest in 4 years
2021: €-8k▲ +24.4% vs 2020
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2021 against €6k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €40k
Fixed assets
€14k ▼ 19.4%
Current assets
€26k ▼ 8.9%
Equity and liabilities €40k
Equity
€12k ▼ 39.8%
Debt
€28k ▲ 8.0%
Debt's share of the balance-sheet total rises from 56.5% to 69.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2020 · €1k
Cash flow
€-2k▲
2020 · €-3k
Current ratio
0.98▼
2020 · 1.41
Quick ratio
0.95▼
2020 · 1.37
Debt to equity
2.33▲
2020 · 0.28
ROE
-66.2%▼
2020 · -52.7%
ROA
-19.9%▲
2020 · -22.9%
Interest coverage
-3.56
Debt ≤ 1 year
€27k▲
2020 · €21k
Debt > 1 year
€1k▼
2020 · €6k
Income taxes
€-82▼
2020 · €4k
Staff costs
€28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 52 lines
Balance sheet
Code20202021
Assets
Total assets20/58€46k€40k▼
Fixed assets21/28€17k€14k▼
Tangible fixed assets22/27€17k€14k▼
Plant, machinery and equipment23-€12k
Furniture and vehicles24-€2k
Other tangible fixed assets26-€224
Current assets29/58€29k€26k▼
Stocks and contracts in progress3€901€1k▲
Stocks30/36-€1k
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40-€0
Other amounts receivable41-€9k
Cash at bank and in hand54/58€16k€15k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€46k€40k▼
Equity10/15€20k€12k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€6k€-2k▼
Amounts payable17/49€26k€28k▲
Amounts payable after more than one year17€6k€1k▼
Financial debts170/4-€1k
Amounts payable within one year42/48€21k€27k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€2k€6k▲
Suppliers440/4-€6k
Taxes, remuneration and social security45-€11k
Taxes450/3-€2k
Remuneration and social security454/9-€9k
Other amounts payable47/48-€5k
Income statement
Code20202021
Turnover70€181k€156k▼
Non-recurring operating income76A-€131
Goods, raw materials, services and sundry goods60/61-€147k
Remuneration, social security and pensions62-€28k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8-€3k
Non-recurring operating charges66A-€88
Gross operating margin9900€27k€29k▲
Operating profit (loss)9901€-6k€-8k▼
Financial income75/76B-€7
Recurring financial income75€359€7▼
Financial charges65/66B-€527
Recurring financial charges65€475€527▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€-6k€-8k▼
Income taxes67/77€4k€-82▼
Profit (loss) for the period9904€-11k€-8k▲
Profit (loss) for the period to be appropriated9905€-11k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-2k
Profit (loss) brought forward from the previous period14P-€6k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €112k | €181k | €156k | ▼ 14.1% |
| Non-recurring operating income76A | - | - | - | €131 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €147k | - |
| Remuneration, social security and pensions62 | - | - | - | €28k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €7k | €8k | €6k | ▼ 25.8% |
| Other operating charges640/8 | - | - | - | €3k | - |
| Non-recurring operating charges66A | - | - | - | €88 | - |
| Gross operating margin9900 | €10k | €39k | €27k | €29k | ▲ 7.4% |
| Operating profit (loss)9901 | €4k | €21k | €-6k | €-8k | ▼ 19.1% |
| Financial income75/76B | - | - | - | €7 | - |
| Recurring financial income75 | - | - | €359 | €7 | ▼ 98.1% |
| Financial charges65/66B | - | - | - | €527 | - |
| Recurring financial charges65 | €684 | €562 | €475 | €527 | ▲ 11.0% |
| Non-recurring financial charges66B | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €3k | €21k | €-6k | €-8k | ▼ 25.0% |
| Income taxes67/77 | €320 | €5k | €4k | €-82 | ▼ 102% |
| Profit (loss) for the period9904 | €3k | €16k | €-11k | €-8k | ▲ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €3k | €16k | €-11k | €-8k | ▲ 24.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48k | €66k | €46k | €40k | ▼ 12.8% |
| Fixed assets21/28 | €19k | €26k | €17k | €14k | ▼ 19.4% |
| Tangible fixed assets22/27 | €19k | €26k | €17k | €14k | ▼ 19.4% |
| Plant, machinery and equipment23 | - | - | - | €12k | - |
| Furniture and vehicles24 | - | - | - | €2k | - |
| Other tangible fixed assets26 | - | - | - | €224 | - |
| Current assets29/58 | €29k | €39k | €29k | €26k | ▼ 8.9% |
| Stocks and contracts in progress3 | €1k | €988 | €901 | €1k | ▲ 13.9% |
| Stocks30/36 | - | - | - | €1k | - |
| Amounts receivable within one year40/41 | €17k | €8k | €11k | €9k | ▼ 15.2% |
| Trade receivables40 | - | - | - | €0 | - |
| Other amounts receivable41 | - | - | - | €9k | - |
| Cash at bank and in hand54/58 | €11k | €30k | €16k | €15k | ▼ 5.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48k | €66k | €46k | €40k | ▼ 12.8% |
| Equity10/15 | €15k | €31k | €20k | €12k | ▼ 39.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €884 | €17k | €6k | €-2k | ▼ 136% |
| Amounts payable17/49 | €33k | €35k | €26k | €28k | ▲ 8.0% |
| Amounts payable after more than one year17 | €14k | €10k | €6k | €1k | ▼ 74.6% |
| Financial debts170/4 | - | - | - | €1k | - |
| Amounts payable within one year42/48 | €19k | €25k | €21k | €27k | ▲ 30.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4k | - |
| Trade debts44 | €15k | €14k | €2k | €6k | ▲ 187% |
| Suppliers440/4 | - | - | - | €6k | - |
| Taxes, remuneration and social security45 | - | - | - | €11k | - |
| Taxes450/3 | - | - | - | €2k | - |
| Remuneration and social security454/9 | - | - | - | €9k | - |
| Other amounts payable47/48 | - | - | - | €5k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €16k | €-11k | €-8k | ▲ 24.4% |
| + Depreciation and write-downs630 | €4k | €7k | €8k | €6k | ▼ 25.8% |
| Operating cash flow (approximation) | €7k | €22k | €-3k | €-2k | ▲ 20.5% |
| Investment in fixed assets (approximation) | - | €-14k | €1k | €-2k | ▼ 276% |
| Change in cash | - | €19k | €-14k | €-865 | ▲ 94.0% |
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
2025
13-02
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 04-02-2025
2023
23-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 17-08-2023
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
31-12
Financial
Highest result since 2018net €16k ▲470%
Operating result €21k, net result €16k, both a record.
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 149 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIDIER GRIGNARD RUE DES CHAMPS 58,
4020 LIEGE 2 |
17-08-2023 → 04-02-2025 |
| Curator | JULIEN STOCKMAN RUE DES
CHAMPS, 58, 4020 LIEGE 2 |
17-08-2023 → 04-02-2025 |