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LEPAC

Active
Public limited companyfounded 198739 yrs activeVerbindingsstraat 30, 2910 Essen, BelgiumKBO/BCE: BE 0430.803.130
Summary

LEPAC has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €676,772 and a net result of -€2,105. Equity remains stable across the filed fiscal years (±0.8% per year). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37▲+2
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 9.49 against 18.18 in 2024; short-term debt: 3.5% and cash: 1.2% of total assets), and 3.5% 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
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 39 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
96.5%
Return on assets
-0.3%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
35 d early
2023
5 d early
2022
29 d late
2021
24 d late
2020
26 d late
2019
53 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 11 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 27 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 21 March 1987, LEPAC was incorporated.1 Total assets went from EUR 713,524 in 2018 to EUR 701,098 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
€676,772▼ 0.3%
2024 · €678,876
Total assets
€701,098▲ 1.5%
2024 · €691,017
Net result
-€2,105▲ 72.9%
2024 · -€7,777
Working capital
€206,492▼ 1.0%
2024 · €208,597
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-€3,039▲ 49.7%-€3,996▼ 31.5%-€5,694▼ 42.5%-€11,635▼ 104%-€4,658▲ 60.0%
Net result-€2,359▲ 64.4%-€13,087▼ 455%€613-€7,777-€2,105▲ 72.9%
Equity€699,127▼ 0.3%€686,040▼ 1.9%€686,653▲ 0.1%€678,876▼ 1.1%€676,772▼ 0.3%
Total assets€699,460▼ 0.3%€686,040▼ 1.9%€686,653▲ 0.1%€691,017▲ 0.6%€701,098▲ 1.5%
Debt€333=€12,141€24,327▲ 100%
Working capital€228,848▼ 1.0%€208,597€206,492▼ 1.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€3,039-€3,039Net result 2021: -€2,359-€2,359Operating result 2022: -€3,996-€3,996Net result 2022: -€13,087-€13,087Operating result 2023: -€5,694-€5,694Net result 2023: €613€613Operating result 2024: -€11,635-€11,635Net result 2024: -€7,777-€7,777Operating result 2025: -€4,658-€4,658Net result 2025: -€2,105-€2,10520212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€5,694-€5,690Net result 2023: €613€613Operating result 2024: -€11,635-€11,600Net result 2024: -€7,777-€7,780Operating result 2025: -€4,658-€4,660Net result 2025: -€2,105-€2,100202320242025
The operating result stays negative: a loss of €4,658 in 2025 against €11,635 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €701,098
Fixed assets €470,279 =
Current assets €230,819 ▲ 4.6%
Equity and liabilities €701,098
Equity €676,772 ▼ 0.3%
Debt €24,327 ▲ 100%
Debt's share of the balance-sheet total rises from 1.8% to 3.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
9.49▼
2024 · 18.18
Debt to equity
0.04▲
2024 · 0.02
ROE
-0.3%▲
2024 · -1.1%
ROA
-0.3%▲
2024 · -1.1%
Debt ≤ 1 year
€24,327▲
2024 · €12,141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€691,017€701,098▲
Fixed assets21/28€470,279€470,279=
Tangible fixed assets22/27€470,279€470,279=
Land and buildings22€470,279€470,279=
Current assets29/58€220,738€230,819▲
Amounts receivable within one year40/41€424€10,383▲
Trade receivables40-€9,372
Other amounts receivable41€424€1,011▲
Current investments50/53€211,251€212,138▲
Cash at bank and in hand54/58€9,064€8,108▼
Deferred charges and accrued income490/1-€191
Equity and liabilities
Total equity and liabilities10/49€691,017€701,098▲
Equity10/15€678,876€676,772▼
Contributions10/11€586,268€586,268=
Capital10€586,268€586,268=
Issued capital100€586,268€586,268=
Reserves13€92,608€90,503▼
Non-distributable reserves130/1€12,498€12,498=
Legal reserve130€12,498€12,498=
Distributable reserves133€80,110€78,006▼
Amounts payable17/49€12,141€24,327▲
Amounts payable within one year42/48€12,141€24,327▲
Trade debts44€354€26▼
Suppliers440/4€354€26▼
Other amounts payable47/48€11,787€24,301▲
Income statement Code20242025
Other operating charges640/8€1,956€2,147▲
Gross operating margin9900-€9,679-€2,511▲
Operating profit (loss)9901-€11,635-€4,658▲
Financial income75/76B€1,412€1,957▲
Recurring financial income75€1,412€1,957▲
Financial charges65/66B-€2,446-€596▲
Recurring financial charges65-€2,446-€596▲
Profit (loss) for the period before taxes9903-€7,777-€2,105▲
Profit (loss) for the period9904-€7,777-€2,105▲
Profit (loss) for the period to be appropriated9905-€7,777-€2,105▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7,777-€2,105▲
Transfer from equity791/2€7,777€2,105▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€110€1,454€3,008€1,956€2,147▲ 9.8%
Gross operating margin9900-€2,929-€2,542-€2,685-€9,679-€2,511▲ 74.1%
Operating profit (loss)9901-€3,039-€3,996-€5,694-€11,635-€4,658▲ 60.0%
Financial income75/76B€588€2,821-€1,412€1,957▲ 38.6%
Recurring financial income75€588€2,488-€1,412€1,957▲ 38.6%
Non-recurring financial income76B-€333----
Financial charges65/66B-€92€11,912-€6,307-€2,446-€596▲ 75.6%
Recurring financial charges65-€92€11,912-€6,307-€2,446-€596▲ 75.6%
Profit (loss) for the period before taxes9903-€2,359-€13,087€613-€7,777-€2,105▲ 72.9%
Profit (loss) for the period9904-€2,359-€13,087€613-€7,777-€2,105▲ 72.9%
Profit (loss) for the period to be appropriated9905-€2,359-€13,087€613-€7,777-€2,105▲ 72.9%
Line20212022202320242025Change
Assets
Total assets20/58€699,460€686,040€686,653€691,017€701,098▲ 1.5%
Fixed assets21/28€470,279€470,279€470,279€470,279€470,279=
Tangible fixed assets22/27€470,279€470,279€470,279€470,279€470,279=
Land and buildings22€470,279€470,279€470,279€470,279€470,279=
Current assets29/58€229,181€215,761€216,374€220,738€230,819▲ 4.6%
Amounts receivable within one year40/41€177€746€746€424€10,383▲ 2,351%
Trade receivables40----€9,372-
Other amounts receivable41€177€746€746€424€1,011▲ 139%
Current investments50/53€214,210€202,374€208,742€211,251€212,138▲ 0.4%
Cash at bank and in hand54/58€14,794€12,641€6,886€9,064€8,108▼ 10.5%
Deferred charges and accrued income490/1----€191-
Equity and liabilities
Total equity and liabilities10/49€699,460€686,040€686,653€691,017€701,098▲ 1.5%
Equity10/15€699,127€686,040€686,653€678,876€676,772▼ 0.3%
Contributions10/11€586,268€586,268€586,268€586,268€586,268=
Capital10€586,268€586,268€586,268€586,268€586,268=
Issued capital100€586,268€586,268€586,268€586,268€586,268=
Reserves13€112,498€112,498€100,385€92,608€90,503▼ 2.3%
Non-distributable reserves130/1€12,498€12,498€12,498€12,498€12,498=
Legal reserve130€12,498€12,498€12,498€12,498€12,498=
Distributable reserves133€100,000€100,000€87,887€80,110€78,006▼ 2.6%
Profit (loss) carried forward14€361-€12,726----
Amounts payable17/49€333--€12,141€24,327▲ 100%
Amounts payable within one year42/48€333--€12,141€24,327▲ 100%
Trade debts44€333--€354€26▼ 92.7%
Suppliers440/4€333--€354€26▼ 92.7%
Other amounts payable47/48---€11,787€24,301▲ 106%
Line20212022202320242025Change
Profit (loss) for the period9904-€2,359-€13,087€613-€7,777-€2,105▲ 72.9%
Operating cash flow (approximation)-€2,359-€13,087€613-€7,777-€2,105▲ 72.9%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€2,153-€5,755€2,178-€955▼ 144%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €613
Net result €613 after 5 loss-making years.
29-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial Weakest financial yearnet -€13,087
Net result drops to -€13,087, the lowest in the series; recovery starts the following year.
24-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
26-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
22-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial 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.

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Directors · office · real estate

Directors
6 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, Essen · 1 establishment unit since 1987
seat establishment The establishment unit on the map
Ground area
5,592 m²
Building footprint
261 m²
Volume, LiDAR
1,671 m³
Parcel 11643A0344/00H000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORA NV
Verbindingsstraat 30, 2910 EssenGrowing of cereals (except rice), leguminous crops and oil seeds
since 19872.033.006.172
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11643A0344/00H000 Flanders 5,592 m² 1 · 261 m² 9.9 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.

Identification & contact

Identification
Legal formPublic limited company
Founded21-03-1987
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.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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