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LENOIR

Active
Public limited companyfounded 199234 yrs activeRue Biernaux 4, 1301 Wavre, BelgiumKBO/BCE: BE 0447.853.849
Summary

LENOIR has been active since 1992 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €1.9m and a net result of €27,194. Equity is growing by ~22.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2025
Axes · tick = 2023
Profitability70▲+1
Solvency100=
Growth78▲+26
Track record92
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 3.6 against 3.21 in 2023; short-term debt: 2.6% and cash: 0% of total assets), and 3.1% of the assets are financed with debt.
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Signals

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
96.9%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 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 · 10 filings
Deviation from the deadline
2025
33 d late
2023
62 d late
2022
84 d late
2021
31 d late
2020
11 d late
2019
32 d early
2018
37 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 22 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
UBO non-compliance
Checked, nothing found (1)
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 2 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline

History

On 3 July 1992, LENOIR was incorporated.1 Total assets went from EUR 787,486 in 2018 to EUR 2 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€1.9m▲ 1.7%
2023 · €1.9m
Total assets
€2.0m▼ 1.4%
2023 · €2.0m
Net result
€27,194▲ 193%
2023 · €9,290
Working capital
€131,397▲ 11.8%
2023 · €117,551
Trend over the years
In euros
In euros
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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232025
Operating result-€4,566€21,461€16,782▼ 21.8%€12,863▼ 23.4%€34,123-
Net result-€9,470€3,833-€57,381€9,290€27,194-
Equity€548,565▼ 1.7%€552,398▲ 0.7%€1.9m▲ 239%€1.9m▲ 0.5%€1.9m-
Total assets€744,249▼ 3.4%€704,252▼ 5.4%€2.0m▲ 188%€2.0m▼ 1.2%€2.0m-
Debt€195,684▼ 7.7%€151,854▼ 22.4%€153,515▲ 1.1%€120,884▼ 21.3%€61,652-
Working capital€187,233▲ 1.5%€172,573▼ 7.8%€112,565▼ 34.8%€117,551▲ 4.4%€131,397-
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€75,000-€50,000-€25,000€0€25,000Operating result 2020: -€4,566-€4,566Net result 2020: -€9,470-€9,470Operating result 2021: €21,461€21,461Net result 2021: €3,833€3,833Operating result 2022: €16,782€16,782Net result 2022: -€57,381-€57,381Operating result 2023: €12,863€12,863Net result 2023: €9,290€9,290Operating result 2025: €34,123€34,123Net result 2025: €27,194€27,19420202021202220232025-€75,000-€50,000-€25,000€0€25,000Operating result 2022: €16,782€16,800Net result 2022: -€57,381-€57,400Operating result 2023: €12,863€12,900Net result 2023: €9,290€9,290Operating result 2025: €34,123€34,100Net result 2025: €27,194€27,200202220232025
The operating result is €34,123 in 2025, compared with €12,863 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets €1.8m ▼ 2.1%
Current assets €181,908 ▲ 6.5%
Equity and liabilities €2.0m
Equity €1.9m ▲ 1.7%
Debt €61,652 ▼ 49.0%
Debt's share of the balance-sheet total falls from 6.0% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2023
EBITDA
€49,296▲
2023 · €35,936
Cash flow
€42,367▲
2023 · €32,362
Current ratio
3.60▲
2023 · 3.21
Debt to equity
0.03▼
2023 · 0.06
ROE
1.4%▲
2023 · 0.5%
ROA
1.4%▲
2023 · 0.5%
Interest coverage
28.80▲
2023 · 12.49
Debt ≤ 1 year
€50,511▼
2023 · €53,286
Debt > 1 year
€10,141▼
2023 · €66,597
Income taxes
€5,335▲
2023 · €696
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,732 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 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.4% 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 497,340 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 14,732 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 against 2023 · 49 lines
Balance sheet Code20232025
Assets
Total assets20/58€2.0m€2.0m▼
Fixed assets21/28€1.8m€1.8m▼
Tangible fixed assets22/27€1.8m€1.8m▼
Land and buildings22€1.8m€1.8m▼
Current assets29/58€170,838€181,908▲
Amounts receivable within one year40/41€140,050€179,425▲
Other amounts receivable41€140,050€179,425▲
Current investments50/53€26,101€498▼
Cash at bank and in hand54/58€4,501€210▼
Deferred charges and accrued income490/1€186€1,775▲
Equity and liabilities
Total equity and liabilities10/49€2.0m€2.0m▼
Equity10/15€1.9m€1.9m▲
Contributions10/11€182,203€182,203=
Capital10€182,203€182,203=
Issued capital100€182,203€182,203=
Revaluation surpluses12€1.4m€1.4m=
Reserves13€357,548€357,548=
Non-distributable reserves130/1€68,220€68,220=
Legal reserve130€68,220€68,220=
Tax-exempt reserves132€200,387€200,387=
Distributable reserves133€88,941€88,941=
Profit (loss) carried forward14-€35,444-€3,387▲
Amounts payable17/49€120,884€61,652▼
Amounts payable after more than one year17€66,597€10,141▼
Financial debts170/4€66,597€10,141▼
Amounts payable within one year42/48€53,286€50,511▼
Current portion of amounts payable after more than one year42€27,376-
Financial debts43-€28,390
Credit institutions430/8-€28,390
Trade debts44€1,438€16,335▲
Suppliers440/4€1,438€16,335▲
Taxes, remuneration and social security45€24,405€5,300▼
Taxes450/3€24,405€5,300▼
Other amounts payable47/48€68€487▲
Accrued charges and deferred income492/3€1,000€1,000=
Income statement Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,073€15,172▼
Other operating charges640/8€10,572€11,380▲
Gross operating margin9900€46,508€60,676▲
Operating profit (loss)9901€12,863€34,123▲
Financial income75/76B-€117
Recurring financial income75-€117
Financial charges65/66B€2,878€1,712▼
Recurring financial charges65€2,878€1,712▼
Profit (loss) for the period before taxes9903€9,986€32,529▲
Income taxes67/77€696€5,335▲
Profit (loss) for the period9904€9,290€27,194▲
Profit (loss) for the period to be appropriated9905€9,290€27,194▲
Appropriation of the result
Profit (loss) to be appropriated9906-€35,444-€3,387▲
Profit (loss) brought forward from the previous period14P-€44,734-€30,581▲

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

Line20202021202220232025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,738€23,298€23,073€23,073€15,172-
Other operating charges640/8-€9,399€9,629€10,572€11,380-
Gross operating margin9900€29,501€54,158€49,483€46,508€60,676-
Operating profit (loss)9901-€4,566€21,461€16,782€12,863€34,123-
Financial income75/76B----€117-
Recurring financial income75€1---€117-
Financial charges65/66B-€16,136€49,758€2,878€1,712-
Recurring financial charges65€4,905€16,136€49,758€2,878€1,712-
Profit (loss) for the period before taxes9903-€9,470€5,325-€32,976€9,986€32,529-
Income taxes67/77-€1,492€24,405€696€5,335-
Profit (loss) for the period9904-€9,470€3,833-€57,381€9,290€27,194-
Profit (loss) for the period to be appropriated9905-€9,470€3,833-€57,381€9,290€27,194-
Line20202021202220232025Change
Assets
Total assets20/58€744,249€704,252€2.0m€2.0m€2.0m-
Fixed assets21/28€523,796€500,498€1.9m€1.8m€1.8m-
Tangible fixed assets22/27€523,796€500,498€1.9m€1.8m€1.8m-
Land and buildings22-€500,498€1.9m€1.8m€1.8m-
Current assets29/58€220,453€203,754€171,106€170,838€181,908-
Amounts receivable after more than one year29--€123,273---
Other amounts receivable291--€123,273---
Amounts receivable within one year40/41€178,577€176,598-€140,050€179,425-
Trade receivables40-€3,000----
Other amounts receivable41-€173,598-€140,050€179,425-
Current investments50/53€36,101€26,101€26,101€26,101€498-
Cash at bank and in hand54/58€4,299€571€21,214€4,501€210-
Deferred charges and accrued income490/1-€484€518€186€1,775-
Equity and liabilities
Total equity and liabilities10/49€744,249€704,252€2.0m€2.0m€2.0m-
Equity10/15€548,565€552,398€1.9m€1.9m€1.9m-
Contributions10/11€182,203€182,203€182,203€182,203€182,203-
Capital10-€182,203€182,203€182,203€182,203-
Issued capital100-€182,203€182,203€182,203€182,203-
Revaluation surpluses12--€1.4m€1.4m€1.4m-
Reserves13€357,548€357,548€357,548€357,548€357,548-
Non-distributable reserves130/1-€68,220€68,220€68,220€68,220-
Legal reserve130-€68,220€68,220€68,220€68,220-
Tax-exempt reserves132-€289,328€200,387€200,387€200,387-
Distributable reserves133--€88,941€88,941€88,941-
Profit (loss) carried forward14€8,814€12,647-€44,734-€35,444-€3,387-
Amounts payable17/49€195,684€151,854€153,515€120,884€61,652-
Amounts payable after more than one year17€146,714€120,673€93,973€66,597€10,141-
Financial debts170/4-€120,673€93,973€66,597€10,141-
Amounts payable within one year42/48€33,220€31,181€58,542€53,286€50,511-
Current portion of amounts payable after more than one year42-€26,041€26,700€27,376--
Financial debts43----€28,390-
Credit institutions430/8----€28,390-
Trade debts44€3,495€4,609€7,130€1,438€16,335-
Suppliers440/4-€4,609€7,130€1,438€16,335-
Taxes, remuneration and social security45--€24,405€24,405€5,300-
Taxes450/3--€24,405€24,405€5,300-
Other amounts payable47/48-€531€306€68€487-
Accrued charges and deferred income492/3--€1,000€1,000€1,000-
Line20202021202220232025Change
Profit (loss) for the period9904-€9,470€3,833-€57,381€9,290€27,194-
+ Depreciation and write-downs630€24,738€23,298€23,073€23,073€15,172-
Operating cash flow (approximation)€15,268€27,131-€34,308€32,362€42,367-
Investment in fixed assets (approximation)--€1-€1.4m€0--
Change in cash--€3,728€20,643-€16,713--

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-09
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 33 days late
2025
31-12
Financial Highest result since 2018net €27,194 ▲193%
Operating result €34,123, net result €27,194, both a record.
2024
29-11
KBO administration UBO non-compliance
event 18-11-2024
01-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
31-12
Financial Back to profitnet €9,290
Net result €9,290 after one loss-making year.
23-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
31-12
Financial Weakest financial yearnet -€57,381
Net result drops to -€57,381, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €1mEq €1.9m ▲239%
Equity rises from €552,398 to €1.9m.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial Back to profitnet €3,833
Net result €3,833 after one loss-making year.
11-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
29-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
29-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 90 days late
2017
06-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 37 days late
2016
27-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
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.

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 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wavre
exact location from the address register On OpenStreetMap
Ground area
1,137 m²
Building footprint
174 m²
Volume, LiDAR
1,027 m³
Parcel 25006C0147/00D000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25006C0147/00D000 Wallonia 1,137 m² 1 · 174 m² 8.4 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.

Company details

Identification
Legal formPublic limited company
Founded03-07-1992
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.