LENRO
ActiveSummary
LENRO has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468,909 and a net result of -€41,660. Equity remains stable across the filed financial years (±2.1% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €468,909
- Loss
- -€41,660
- LENDERS Hubert LeonardDirector
- LENDERS Jan Jos FransManaging director
- ROELS Maria RosaDirector
Why 89raises riskLoss of €41,660 (financial year 2025)Founded in 1993No main activity registeredlowers riskSize: total assets €926,886Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 45% on solvency, 23% on liquidity, 23% on profitability and 26% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€41,660
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €42,315 after €207,915 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 74.5% 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 8,617 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,028 | €61,909 | €62,127 | €63,606 | €62,964 | €62,478 | €53,501 | €55,594 | ▲ 3.9% |
| Other operating charges640/8 | - | - | - | €6,331 | €12,304 | €11,824 | €10,055 | €10,110 | ▲ 0.6% |
| Gross operating margin9900 | €108,163 | €67,884 | €71,285 | €87,754 | €78,081 | €57,183 | €271,471 | €23,389 | ▼ 91.4% |
| Operating profit (loss)9901 | €34,398 | -€2,065 | -€3,670 | €17,817 | €2,813 | -€17,119 | €207,915 | -€42,315 | - |
| Financial income75/76B | - | - | - | €680 | €216 | €1 | €1,436 | €28 | ▼ 98.1% |
| Recurring financial income75 | €176 | €711 | €1,336 | €680 | €216 | €1 | €1,436 | €28 | ▼ 98.1% |
| Financial charges65/66B | - | - | - | €17,531 | €15,256 | €11,507 | €9,506 | €5,733 | ▼ 39.7% |
| Recurring financial charges65 | €28,234 | €23,766 | €20,459 | €17,531 | €15,256 | €11,507 | €9,506 | €5,733 | ▼ 39.7% |
| Profit (loss) for the period before taxes9903 | €6,340 | -€25,120 | -€22,792 | €965 | -€12,227 | -€28,625 | €199,845 | -€48,020 | - |
| Income taxes67/77 | €797 | - | - | - | - | - | €36,351 | -€6,360 | - |
| Profit (loss) for the period9904 | €5,543 | -€25,120 | -€22,792 | €965 | -€12,227 | -€28,625 | €163,495 | -€41,660 | - |
| Profit (loss) for the period to be appropriated9905 | €5,543 | -€25,120 | -€22,792 | €965 | -€12,227 | -€28,625 | €163,495 | -€41,660 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.4m | €1.3m | €1.2m | €1.1m | €1.0m | €1.0m | €1.1m | €0.9m | ▼ 12.3% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | €1.0m | €0.7m | €0.7m | ▼ 5.4% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | €1.0m | €0.7m | €0.7m | ▼ 5.4% |
| Land and buildings22 | - | - | - | €1.1m | €1.0m | €1.0m | €0.7m | €0.7m | ▼ 5.4% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €0.2m | €0.09m | €0.06m | €0.01m | €0.01m | €0.01m | €0.3m | €0.2m | ▼ 29.2% |
| Amounts receivable within one year40/41 | €0.06m | €0.06m | €0.03m | - | €0.004m | €0.004m | €0.06m | €0.06m | ▲ 1.9% |
| Trade receivables40 | - | - | - | - | - | - | €0.008m | €0.007m | ▼ 8.7% |
| Other amounts receivable41 | - | - | - | - | €0.004m | €0.004m | €0.05m | €0.06m | ▲ 3.4% |
| Current investments50/53 | - | - | - | - | - | - | €0.03m | €0.05m | ▲ 70.0% |
| Cash at bank and in hand54/58 | €0.1m | €0.01m | €0.02m | €0.008m | €0.002m | €0.002m | €0.2m | €0.1m | ▼ 53.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.005m | €0.006m | €0.006m | €0.006m | ▲ 10.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.2m | €1.1m | €1.0m | €1.0m | €1.1m | €0.9m | ▼ 12.3% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.5m | €0.5m | ▼ 8.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 9.4% |
| Amounts payable17/49 | €1.0m | €0.9m | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 16.2% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.5m | €0.3m | €0.3m | €0.2m | €0.1m | €0.03m | ▼ 74.8% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.2m | €0.1m | €0.03m | ▼ 74.8% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.4m | €0.4m | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.08m | €0.08m | €0.1m | ▲ 22.4% |
| Trade debts44 | €0.003m | €0.004m | €0.01m | €181 | €0.003m | €121 | €0.006m | €0.005m | ▼ 16.8% |
| Suppliers440/4 | - | - | - | €181 | €0.003m | €121 | €0.006m | €0.005m | ▼ 16.8% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.001m | €0.03m | €0.02m | ▼ 27.3% |
| Taxes450/3 | - | - | - | - | - | €0.001m | €0.03m | €0.02m | ▼ 27.3% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 7.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.01m | €0 | - | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,543 | -€25,120 | -€22,792 | €965 | -€12,227 | -€28,625 | €163,495 | -€41,660 | - |
| + Depreciation and write-downs630 | €64,028 | €61,909 | €62,127 | €63,606 | €62,964 | €62,478 | €53,501 | €55,594 | ▲ 3.9% |
| Operating cash flow (approximation) | €69,571 | €36,788 | €39,335 | €64,571 | €50,736 | €33,853 | €216,996 | €13,934 | ▼ 93.6% |
| Investment in fixed assets (approximation) | - | -€8,480 | -€7,551 | -€15,827 | €0 | -€6,784 | €165,153 | -€15,483 | - |
| Change in cash | - | -€125,790 | €5,653 | -€9,846 | -€6,341 | €221 | €210,665 | -€113,062 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-06-2026 | 2026-00152052 |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00339740 |
| 31-12-2023 | abbreviated format | 12-06-2024 | 2024-00137044 |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00203358 |
| 31-12-2021 | abbreviated format | 22-06-2022 | 2022-20084122 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-58200366 |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-45700193 |
| 31-12-2018 | abbreviated format | 19-06-2019 | 2019-19800374 |
| 31-12-2017 | micro format | 29-05-2018 | 2018-14400537 |
| 31-12-2016 | abbreviated format | 29-05-2017 | 2017-13900202 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| LENDERS Hubert Leonard |
|
| LENDERS Jan Jos Frans |
|
| ROELS Maria Rosa |
|
Owners and capital
Capital and shareholders
- 08-01-2024 Capital stated in the deed · €61,500 · 531 shares
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-05
Gazette deed
Purpose · Amendment of the articlesApproval · Purpose change3 facts ▸
- General meeting, 14-05-2025
- Approval, “verslag van het bestuursorgaan aangaande de wijziging van het voorwerp van de vennootschap” (deed in Dutch)
- Purpose change
06-12
Gazette deed
PurposePurpose change · Power of attorney3 facts ▸
- General meeting, “verslag van het bestuursorgaan aangaande de wijziging van het voorwerp van de vennootschap, Eerste besluit” (deed in Dutch)
- Purpose change
- Power of attorney, Véronique Delille
08-01
Gazette deed
Appointments: LENDERS Jan Jos Frans, LENDERS Hubert Leonard and ROELS Maria RosaResignations: LENDERS Jan Jos Frans, LENDERS Hubert Leonard and ROELS Maria Rosa · Director discharge · Amendment of the articles16 facts ▸
- Director appointment, LENDERS Jan Jos Frans (director)
- Director appointment, LENDERS Hubert Leonard (director)
- Director appointment, ROELS Maria Rosa (director)
- Director resignation, LENDERS Jan Jos Frans (director)
- Director resignation, LENDERS Hubert Leonard (director)
- Director resignation, ROELS Maria Rosa (director)
- Director discharge, LENDERS Jan Jos Frans
- Director discharge, LENDERS Hubert Leonard
- Director discharge, ROELS Maria Rosa
- Director appointment, LENDERS Jan Jos Frans (director (not named in the articles))
- Director appointment, LENDERS Hubert Leonard (director (not named in the articles))
- Director appointment, ROELS Maria Rosa (director (not named in the articles))
- +4 further facts in this act
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73057A0308/00E011 | Flanders | 1,567 m² | 1 · 332 m² | 6.4 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LENRO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, oprichten of opheffen van administratieve zetels,agentschappen,ateliers,opslagplaatsen en bijhuizen in België en buitenland…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Op verzoek vennootschap in functie tot redelijkerwijze in vervanging voorzien, gewone algemene vergadering in boekjaar waarin mandaat…” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht onder levenden of bij overlijden, overdrachtsbeperkingen in uitgiftevoorwaarden van effecten of in overeenkomsten” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 14:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming vereffenaars, één of meer” (deed in Dutch)“Bevoegdheden vereffenaars, alle verrichtingen vermeld in wet” (deed in Dutch)