LENNO
ActiveSummary
LENNO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€744,325) and a net result of -€101,499. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 5% of 9436 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-1
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.2 in 2024; short-term debt: 166% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-71.6%
Return on assets
-9.8%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€744,325
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
on the day
2022
31 d late
2021
76 d late
2020
1 d early
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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. Usually files around 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€744,325▼ 15.8%
2024 · -€642,827
Total assets
€1.0m▼ 3.2%
2024 · €1.1m
Net result
-€101,499▼ 12.6%
2024 · -€90,131
Working capital
-€1.4m▼ 6.2%
2024 · -€1.3m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€31,672▼ 242%€100,124-€39,998-€46,992▼ 17.5%-€60,469▼ 28.7%
Net result-€34,108below the sector's middle half€84,847above the sector's middle half-€80,645below the sector's middle half-€90,131below the sector's middle half▼ 11.8%-€101,499below the sector's middle half▼ 12.6%
Equity-€556,898below the sector's middle half▼ 2.2%-€472,051below the sector's middle half▲ 15.2%-€552,696below the sector's middle half▼ 17.1%-€642,827below the sector's middle half▼ 16.3%-€744,325below the sector's middle half▼ 15.8%
Total assets€1.2mabove the sector's middle half▲ 292%€1.1mabove the sector's middle half▼ 9.7%€1.1mwithin the sector's middle half▼ 2.6%€1.1mwithin the sector's middle half▲ 1.7%€1.0mwithin the sector's middle half▼ 3.2%
Debt€1.7m▲ 122%€1.5m▼ 11.8%€1.5m▲ 3.7%€1.7m▲ 7.1%€1.7m▲ 4.2%
Working capital-€1.3mbelow the sector's middle half▼ 155%-€1.2mbelow the sector's middle half▲ 8.0%-€1.3mbelow the sector's middle half▼ 5.2%-€1.3mbelow the sector's middle half▼ 5.7%-€1.4mbelow the sector's middle half▼ 6.2%
Solvency-46.4%below the sector's middle half▲ 131.7pp-43.6%below the sector's middle half▲ 2.8pp-52.4%below the sector's middle half▼ 8.8pp-59.9%below the sector's middle half▼ 7.5pp-71.6%below the sector's middle half▼ 11.7pp
Current ratio0.23below the sector's middle half▼ 0.100.20below the sector's middle half▼ 0.030.18below the sector's middle half▼ 0.010.20below the sector's middle half▲ 0.010.18below the sector's middle half▼ 0.02
Return on assets (ROA)-2.8%below the sector's middle half▼ 20.9pp7.8%within the sector's middle half▲ 10.7pp-7.6%below the sector's middle half▼ 15.5pp-8.4%below the sector's middle half▼ 0.8pp-9.8%below the sector's middle half▼ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 stays negative: a loss of €60,469 in 2025 against €46,992 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€729,220 ▼ 2.8%
Current assets
€309,920 ▼ 4.2%
Equity and liabilities
Equity-€744,325
Debt€1.7m
Equity is negative: debt (€1.7m) exceeds the balance-sheet total (€1.0m).
Key figures and ratios
EBITDA
-€39,742▼
2024 · -€26,264
Cash flow
-€80,771▼
2024 · -€69,403
Interest coverage
-0.74▼
2024 · -0.48
Debt ≤ 1 year
€1.7m▲
2024 · €1.7m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
4.0%
stopped otherwise
93%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,242 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 | €518 | €20,728 | €20,728 | €20,728 | €20,728 | = |
| Other operating charges640/8 | €101 | €2,172 | €175 | €2,129 | €26,272 | ▲ 1,134% |
| Gross operating margin9900 | -€31,054 | €123,024 | -€19,096 | -€24,135 | -€13,470 | ▲ 44.2% |
| Operating profit (loss)9901 | -€31,672 | €100,124 | -€39,998 | -€46,992 | -€60,469 | ▼ 28.7% |
| Financial income75/76B | €6,550 | €9,258 | €7,734 | €9,621 | €10,632 | ▲ 10.5% |
| Recurring financial income75 | €6,550 | €9,258 | €7,734 | €9,621 | €10,632 | ▲ 10.5% |
| Financial charges65/66B | €9,075 | €26,520 | €50,365 | €54,745 | €53,647 | ▼ 2.0% |
| Recurring financial charges65 | €9,075 | €26,520 | €50,365 | €54,745 | €53,647 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | -€34,197 | €82,861 | -€82,630 | -€92,116 | -€103,484 | ▼ 12.3% |
| Transfer from deferred taxes780 | €89 | €1,985 | €1,985 | €1,985 | €1,985 | = |
| Profit (loss) for the period9904 | -€34,108 | €84,847 | -€80,645 | -€90,131 | -€101,499 | ▼ 12.6% |
| Transfer from tax-exempt reserves789 | €267 | €5,956 | €5,956 | €5,956 | €5,956 | = |
| Profit (loss) for the period to be appropriated9905 | -€33,841 | €90,803 | -€74,688 | -€84,175 | -€95,542 | ▼ 13.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 3.2% |
| Fixed assets21/28 | €812,132 | €791,404 | €770,676 | €749,948 | €729,220 | ▼ 2.8% |
| Tangible fixed assets22/27 | €812,132 | €791,404 | €770,676 | €749,948 | €729,220 | ▼ 2.8% |
| Land and buildings22 | €812,132 | €791,404 | €770,676 | €749,948 | €729,220 | ▼ 2.8% |
| Current assets29/58 | €387,514 | €291,867 | €284,832 | €323,572 | €309,920 | ▼ 4.2% |
| Stocks and contracts in progress3 | €27,800 | €13,900 | €0 | - | - | - |
| Stocks30/36 | €27,800 | €13,900 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €266,581 | €276,935 | €284,669 | €323,389 | €309,897 | ▼ 4.2% |
| Trade receivables40 | - | €1,162 | €1,162 | €16,292 | €16,292 | = |
| Other amounts receivable41 | €266,581 | €275,773 | €283,507 | €307,097 | €293,605 | ▼ 4.4% |
| Cash at bank and in hand54/58 | €93,132 | €1,032 | €163 | €184 | €23 | ▼ 87.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 3.2% |
| Equity10/15 | -€556,898 | -€472,051 | -€552,696 | -€642,827 | -€744,325 | ▼ 15.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €198,252 | €192,296 | €186,340 | €180,383 | €174,427 | ▼ 3.3% |
| Tax-exempt reserves132 | €198,252 | €192,296 | €186,340 | €180,383 | €174,427 | ▼ 3.3% |
| Profit (loss) carried forward14 | -€817,150 | -€726,347 | -€801,036 | -€885,210 | -€980,752 | ▼ 10.8% |
| Provisions and deferred taxes16 | €66,084 | €64,099 | €62,113 | €60,128 | €58,142 | ▼ 3.3% |
| Deferred taxes168 | €66,084 | €64,099 | €62,113 | €60,128 | €58,142 | ▼ 3.3% |
| Amounts payable17/49 | €1.7m | €1.5m | €1.5m | €1.7m | €1.7m | ▲ 4.2% |
| Amounts payable within one year42/48 | €1.7m | €1.5m | €1.5m | €1.7m | €1.7m | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | €861,000 | €861,000 | €861,000 | €861,000 | €861,000 | = |
| Financial debts43 | - | - | - | - | €3,256 | - |
| Credit institutions430/8 | - | - | - | - | €3,256 | - |
| Trade debts44 | €350 | €2,365 | €0 | €4,568 | €3,223 | ▼ 29.4% |
| Suppliers440/4 | €350 | €2,365 | €0 | €4,568 | €3,223 | ▼ 29.4% |
| Other amounts payable47/48 | €829,110 | €627,858 | €685,090 | €790,652 | €857,843 | ▲ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,108 | €84,847 | -€80,645 | -€90,131 | -€101,499 | ▼ 12.6% |
| + Depreciation and write-downs630 | €518 | €20,728 | €20,728 | €20,728 | €20,728 | = |
| Operating cash flow (approximation) | -€33,590 | €105,575 | -€59,917 | -€69,403 | -€80,771 | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€92,101 | -€869 | €21 | -€160 | ▼ 872% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€101,499
Net result drops to -€101,499, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €84,847
Net result €84,847 after one loss-making year.
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €55,346
Net result €55,346 after 2 loss-making years.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2002
Ground area
592 m²
Building footprint
559 m²
Volume, LiDAR
16,584 m³
Parcel 11002A0058/00B000, Flanders · tallest building 41.9 m, ±12 floors. Linked by address, not a title deed.
43
companies at this address
See who is registered here
1 establishment unit
Tavernierkaai 2, 2000 Antwerpen
since 20022.114.524.081
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0058/00B000 | Flanders | 592 m² | 1 · 559 m² | 41.9 m · 12 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.
Similar companies · same sector and region
ABECO
BE 0450.327.151
Antwerpen
ADGAR PLANTIN PARKING
BE 0475.556.455
Antwerpen
Alkimmo
BE 0418.666.351
Antwerpen
ANTWERP BUSINESS HOUSE
BE 0406.447.420
Antwerpen
Antwerp Engineering Company
BE 0449.314.490
Antwerpen
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,040 companies in this sector we hold annual accounts for 6,007. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded27-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477848229
Also
9925:BE0477848229
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.