Lenrec
ActiveLenrec is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €13.90M and a net result of €848k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 2791 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-03-2026, 225 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
225 d late
2023
518 d late
2022
11 d early
2021
94 d late
2020
26 d early
2019
146 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema, statutory
Equity
€13.90M▲ 6.5%
2023 · €13.06M
2018: €6.85M
2019: €6.97M
2020: €7.93M
2021: €7.88M
2022: €9.15M
2023: €13.06M
2018 → 2024
Net result
€848k▼ 9.2%
2023 · €934k
2018: €47k
2019: €119k
2020: €967k
2021: €-53k
2022: €1.27M
2023: €934k
2018 → 2024
Total assets
€16.41M▼ 1.7%
2023 · €16.70M
2018: €8.68M
2019: €9.06M
2020: €12.36M
2021: €12.63M
2022: €14.28M
2023: €16.70M
2018 → 2024
Solvency
84.7%▲ 6.5pp
2023 · 78.2%
2018: 78.9%
2019: 76.9%
2020: 64.2%
2021: 62.4%
2022: 64.0%
2023: 78.2%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€392k-€322k▼ 18.0%€552k▲ 71.6%€948k▲ 71.8%€453k▼ 52.2%
Equity€7.93M-€7.88M▼ 0.7%€9.15M▲ 16.1%€13.06M▲ 42.7%€13.90M▲ 6.5%
Operating result€85k-€-60k€45k€257k▲ 469%€14k▼ 94.5%
Net result€967k-€-53k€1.27M€934k▼ 26.2%€848k▼ 9.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 94% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16.41M
Fixed assets
€14.41M▲ 1.7%
Current assets
€2.00M▼ 20.6%
Equity and liabilities €16.41M
Equity
€13.90M▲ 6.5%
Debt
€2.51M▼ 31.1%
The debt ratio falls from 21.8% to 15.3%: equity grows while debt is paid down.
Key figures and ratios
Solvency
84.7%▲
2023 · 78.2%
ROE
6.1%▼
2023 · 7.2%
ROA
5.2%▼
2023 · 5.6%
Debt
€2.51M▼
2023 · €3.64M
Debt ≤ 1 year
€1.69M▼
2023 · €2.66M
Debt > 1 year
€804k▼
2023 · €980k
Income taxes
€-117▼
2023 · €87k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€16.70M€16.41M▼
Fixed assets21/28€14.18M€14.41M▲
Tangible fixed assets22/27€11k€2k▼
Furniture and vehicles24€11k€2k▼
Financial fixed assets28€14.17M€14.41M▲
Affiliated companies280/1€14.17M€14.41M▲
Participating interests280€11.82M€11.82M=
Amounts receivable281€2.35M€2.59M▲
Other financial fixed assets284/8€29€29=
Amounts receivable and cash guarantees285/8€29€29=
Current assets29/58€2.52M€2.00M▼
Amounts receivable within one year40/41€1.68M€1.79M▲
Trade receivables40€1.41M€1.27M▼
Other amounts receivable41€277k€515k▲
Cash at bank and in hand54/58€834k€215k▼
Deferred charges and accrued income490/1€2k€154▼
Equity and liabilities
Total equity and liabilities10/49€16.70M€16.41M▼
Equity10/15€13.06M€13.90M▲
Contributions10/11€6.71M€6.71M=
Reserves13€4.82M€4.82M=
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€14k€14k=
Distributable reserves133€4.81M€4.81M=
Profit (loss) carried forward14€1.52M€2.37M▲
Amounts payable17/49€3.64M€2.51M▼
Amounts payable after more than one year17€980k€804k▼
Financial debts170/4€980k€804k▼
Credit institutions173€334k€210k▼
Other loans174€646k€594k▼
Amounts payable within one year42/48€2.66M€1.69M▼
Current portion of amounts payable after more than one year42€180k€176k▼
Trade debts44€388k€54k▼
Suppliers440/4€388k€54k▼
Taxes, remuneration and social security45€31k€7k▼
Taxes450/3€31k€7k▼
Other amounts payable47/48€2.06M€1.46M▼
Accrued charges and deferred income492/3€2k€12k▲
Income statement
Code20232024
Operating income70/76A€1.01M€456k▼
Turnover70€948k€453k▼
Other operating income74€65k€3k▼
Operating charges60/66A€756k€442k▼
Goods for resale, raw materials and consumables60€44k€297k▲
Purchases600/8€44k€297k▲
Services and other goods61€491k€115k▼
Remuneration, social security and pensions62€216k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€6k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-17k-
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€9k€19k▲
Operating profit (loss)9901€257k€14k▼
Financial income75/76B€780k€855k▲
Recurring financial income75€780k€850k▲
Income from financial fixed assets750€780k€850k▲
Other financial income752/9€81€5▼
Non-recurring financial income76B-€5k
Financial charges65/66B€16k€22k▲
Recurring financial charges65€16k€22k▲
Debt charges650€13k€20k▲
Other financial charges652/9€3k€2k▼
Profit (loss) for the period before taxes9903€1.02M€848k▼
Income taxes67/77€87k€-117▼
Taxes670/3€87k-
Tax adjustments and reversals of tax provisions77€99€117▲
Profit (loss) for the period9904€934k€848k▼
Profit (loss) for the period to be appropriated9905€934k€848k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.52M€2.37M▲
Profit (loss) brought forward from the previous period14P€584k€1.52M▲
Social balance
Average headcount (FTE)90872.7-
The notes to these accounts (44 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 225 days late
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 518 days late
2023
31-12
Financial
Equity above €10MEq €13.06M ▲42.7%
2 profitable years in a row build equity to €13.06M.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated · 94 days late
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €1.27M
Net result €1.27M after one loss-making year.
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 94 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
2021
31-12
Financial
Weakest financial yearnet €-53k ▼105%
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated · 146 days late
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 146 days late
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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
Registered office, Turnhout · 2 establishment units since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Slachthuisstraat 272300 TurnhoutGround area
5.7 ha
Building footprint
1.3 ha
Volume, LiDAR
141,891 m³
3 parcels, Flanders, Wallonia · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Lenrec
since 20162.259.717.047
Lenrec
since 20262.390.635.274
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0996/00R000 | Flanders | 4.5 ha | 1 · 1.3 ha | 11.7 m · 4 fl. |
| 34005B0210/00F000 | Flanders | 7,749 m² | 1 · 223 m² | 12.5 m · 2 fl. |
| 92081A0065/00G003 | Wallonia | 3,585 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 5,115 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.