Lenoa
ActiveSummary
Lenoa has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €60k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency95▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 2.1 in 2024; short-term debt: 29.8% and cash: 51.9% of total assets), and 29.8% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
70.2%
Return on assets
30.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €135k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
9 d early
2024
38 d early
2023
43 d early
2022
31 d early
2021
25 d late
2020
31 d late
2019
9 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€135k▲ 78.4%
2024 · €76k
Total assets
€193k▲ 65.5%
2024 · €117k
Net result
€60k▲ 122%
2024 · €27k
Working capital
€116k▲ 159%
2024 · €45k
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€-3k▲ 70.0%€64k€14k▼ 78.9%€41k▲ 207%€87k▲ 111%
Net result€-4k▲ 82.8%€47k€7k▼ 85.6%€27k▲ 300%€60k▲ 122%
Equity€-4k▼ 6,538%€42k€49k▲ 15.8%€76k▲ 54.5%€135k▲ 78.4%
Total assets€270▼ 81.3%€76k▲ 27,946%€84k▲ 11.3%€117k▲ 38.4%€193k▲ 65.5%
Debt€4k▲ 194%€33k▲ 650%€35k▲ 5.5%€41k▲ 15.8%€58k▲ 41.5%
Working capital€-4k▼ 6,538%€42k€49k▲ 15.7%€45k▼ 8.8%€116k▲ 159%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 111% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193k
Fixed assets
€20k ▼ 37.1%
Current assets
€173k ▲ 103%
Equity and liabilities €193k
Equity
€135k ▲ 78.4%
Debt
€58k ▲ 41.5%
Debt's share of the balance-sheet total falls from 34.9% to 29.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99k▲
2024 · €45k
Cash flow
€71k▲
2024 · €30k
Current ratio
3.02▲
2024 · 2.10
Debt to equity
0.42▼
2024 · 0.54
ROE
43.9%▲
2024 · 35.3%
ROA
30.8%▲
2024 · 23.0%
Interest coverage
29.28▲
2024 · 13.72
Debt ≤ 1 year
€57k▲
2024 · €41k
Income taxes
€24k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €4k | €12k | ▲ 226% |
| Other operating charges640/8 | €449 | €450 | €493 | €558 | €531 | ▼ 4.9% |
| Gross operating margin9900 | €-2k | €65k | €14k | €46k | €99k | ▲ 118% |
| Operating profit (loss)9901 | €-3k | €64k | €14k | €41k | €87k | ▲ 111% |
| Financial income75/76B | - | €17 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €17 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €-267 | €1k | €3k | €3k | €3k | ▲ 3.1% |
| Recurring financial charges65 | €-267 | €1k | €3k | €3k | €3k | ▲ 3.1% |
| Profit (loss) for the period before taxes9903 | €-3k | €63k | €11k | €38k | €84k | ▲ 120% |
| Income taxes67/77 | €2k | €16k | €4k | €11k | €24k | ▲ 116% |
| Profit (loss) for the period9904 | €-4k | €47k | €7k | €27k | €60k | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €47k | €7k | €27k | €60k | ▲ 122% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270 | €76k | €84k | €117k | €193k | ▲ 65.5% |
| Fixed assets21/28 | - | - | - | €31k | €20k | ▼ 37.1% |
| Tangible fixed assets22/27 | - | - | - | €31k | €20k | ▼ 37.1% |
| Furniture and vehicles24 | - | - | - | €31k | €20k | ▼ 37.1% |
| Current assets29/58 | €270 | €76k | €84k | €85k | €173k | ▲ 103% |
| Amounts receivable within one year40/41 | €185 | €32k | €16k | €29k | €69k | ▲ 141% |
| Trade receivables40 | - | €32k | €0 | €25k | €65k | ▲ 164% |
| Other amounts receivable41 | €185 | €0 | €16k | €4k | €4k | ▼ 0.1% |
| Cash at bank and in hand54/58 | €85 | €42k | €67k | €53k | €100k | ▲ 89.7% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €4k | €4k | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270 | €76k | €84k | €117k | €193k | ▲ 65.5% |
| Equity10/15 | €-4k | €42k | €49k | €76k | €135k | ▲ 78.4% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €4k | €30k | €37k | €64k | €123k | ▲ 93.7% |
| Non-distributable reserves130/1 | €572 | €572 | €572 | €572 | €572 | = |
| Reserves not available under the articles1311 | €572 | €572 | €572 | €572 | €572 | = |
| Distributable reserves133 | €3k | €29k | €36k | €63k | €123k | ▲ 94.5% |
| Profit (loss) carried forward14 | €-20k | €0 | - | - | - | - |
| Amounts payable17/49 | €4k | €33k | €35k | €41k | €58k | ▲ 41.5% |
| Amounts payable within one year42/48 | €4k | €33k | €35k | €41k | €57k | ▲ 41.5% |
| Trade debts44 | - | €2k | €4k | €3k | €7k | ▲ 101% |
| Suppliers440/4 | - | €2k | €4k | €3k | €7k | ▲ 101% |
| Taxes, remuneration and social security45 | €93 | €20k | €15k | €16k | €28k | ▲ 72.4% |
| Taxes450/3 | €93 | €17k | €9k | €8k | €17k | ▲ 112% |
| Remuneration and social security454/9 | - | €3k | €5k | €8k | €11k | ▲ 34.6% |
| Other amounts payable47/48 | €4k | €11k | €16k | €21k | €23k | ▲ 8.7% |
| Accrued charges and deferred income492/3 | - | €15 | €0 | €66 | €67 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €47k | €7k | €27k | €60k | ▲ 122% |
| + Depreciation and write-downs630 | - | - | - | €4k | €12k | ▲ 226% |
| Operating cash flow (approximation) | €-4k | €47k | €7k | €30k | €71k | ▲ 134% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €42k | €25k | €-14k | €47k | ▲ 438% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €60k ▲122%
Operating result €87k, net result €60k, both a record.
31-12
Financial
Equity above €100kEq €135k ▲78.4%
4 profitable years in a row build equity to €135k.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €47k
Net result €47k after 2 loss-making years.
31-12
Financial
Liquidity times 37current ratio 2.28
Current ratio from 0.06 to 2.28.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 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 €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Edegem · 1 establishment unit since 2018
Ground area
514 m²
Building footprint
145 m²
Volume, LiDAR
707 m³
Parcel 11013A0308/00E005, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lenoa
since 20182.272.410.981
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0308/00E005 | Flanders | 514 m² | 1 · 145 m² | 7.5 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900K0JF90NNXH5F93
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,879 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.