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Lenode

Active
Private limited companyfounded 2024active for 2 yearsBolderdal 25, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 1010.579.652
Summary

Lenode has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,784 and a net result of €16,784. Its solvency ranks better than 54% of 4,289 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, micro format

Equity
€19,784
Total assets
€36,011
Net result
€16,784
Working capital
€11,407

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €36,011
Fixed assets €8,377
Current assets €27,634
Equity and liabilities €36,011
Equity €19,784
Debt €16,227
Debt finances 45.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€25,619
Cash flow
€18,815
Current ratio
1.70
Debt to equity
0.82
ROE
84.8%
ROA
46.6%
Interest coverage
over 100
Debt ≤ 1 year
€16,227
Income taxes
€6,769

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€36,011
Fixed assets21/28€8,377
Tangible fixed assets22/27€8,377
Plant, machinery and equipment23€3,590
Other tangible fixed assets26€4,787
Current assets29/58€27,634
Amounts receivable within one year40/41€8,228
Trade receivables40€8,228
Cash at bank and in hand54/58€19,406
Equity and liabilities
Total equity and liabilities10/49€36,011
Equity10/15€19,784
Contributions10/11€3,000
Reserves13€16,784
Distributable reserves133€16,784
Amounts payable17/49€16,227
Amounts payable within one year42/48€16,227
Trade debts44€210
Suppliers440/4€210
Taxes, remuneration and social security45€15,566
Taxes450/3€7,958
Remuneration and social security454/9€7,607
Other amounts payable47/48€451
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,032
Other operating charges640/8€88
Gross operating margin9900€25,708
Operating profit (loss)9901€23,588
Financial charges65/66B€35
Recurring financial charges65€35
Profit (loss) for the period before taxes9903€23,553
Income taxes67/77€6,769
Profit (loss) for the period9904€16,784
Profit (loss) for the period to be appropriated9905€16,784
Appropriation of the result
Profit (loss) to be appropriated9906€16,784
Transfer to equity691/2€16,784
To other reserves6921€16,784

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,032
Other operating charges640/8€88
Gross operating margin9900€25,708
Operating profit (loss)9901€23,588
Financial charges65/66B€35
Recurring financial charges65€35
Profit (loss) for the period before taxes9903€23,553
Income taxes67/77€6,769
Profit (loss) for the period9904€16,784
Profit (loss) for the period to be appropriated9905€16,784
Line2025
Assets
Total assets20/58€36,011
Fixed assets21/28€8,377
Tangible fixed assets22/27€8,377
Plant, machinery and equipment23€3,590
Other tangible fixed assets26€4,787
Current assets29/58€27,634
Amounts receivable within one year40/41€8,228
Trade receivables40€8,228
Cash at bank and in hand54/58€19,406
Equity and liabilities
Total equity and liabilities10/49€36,011
Equity10/15€19,784
Contributions10/11€3,000
Reserves13€16,784
Distributable reserves133€16,784
Amounts payable17/49€16,227
Amounts payable within one year42/48€16,227
Trade debts44€210
Suppliers440/4€210
Taxes, remuneration and social security45€15,566
Taxes450/3€7,958
Remuneration and social security454/9€7,607
Other amounts payable47/48€451
Line2025
Profit (loss) for the period9904€16,784
+ Depreciation and write-downs630€2,032
Operating cash flow (approximation)€18,815

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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