LEPACO
Bankruptcy closedInactive since 11-06-2026; last annual accounts for fiscal year 2022.
Summary
LEPACO was declared bankrupt on 26-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed by liquidation by judgment of 09-06-2026, published in the Belgian State Gazette on 15-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-08-2023, 1 day 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
1 d late
2021
31 d late
2020
149 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 84 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Non-specialised retail sale with food, beverages or tobacco predominating sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
€85,624▼ 73.7%
2021 · €325,029
Total assets
€752,567▼ 13.6%
2021 · €870,859
Net result
-€236,888▼ 225%
2021 · -€72,904
Working capital
-€17,733
2021 · €197,471
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€86,938-€81,377▼ 6.4%-€7,678-€79,298▼ 933%-€235,801▼ 197%
Net result€56,606-€60,378▲ 6.7%-€4,524below the sector's middle half-€72,904below the sector's middle half▼ 1,512%-€236,888below the sector's middle half▼ 225%
Equity€342,079-€402,457▲ 17.7%€397,933within the sector's middle half▼ 1.1%€325,029within the sector's middle half▼ 18.3%€85,624below the sector's middle half▼ 73.7%
Total assets€1.1m-€1.1m▼ 1.9%€1.0mwithin the sector's middle half▼ 6.6%€870,859within the sector's middle half▼ 15.9%€752,567within the sector's middle half▼ 13.6%
Debt€787,039-€705,766▼ 10.3%€637,026▼ 9.7%€545,830▼ 14.3%€666,943▲ 22.2%
Working capital€130,410-€172,818▲ 32.5%€226,421▲ 31.0%€197,471▼ 12.8%-€17,733
Solvency30.3%-36.3%▲ 6.0pp38.4%within the sector's middle half▲ 2.1pp37.3%within the sector's middle half▼ 1.1pp11.4%below the sector's middle half▼ 25.9pp
Staff (FTE)20.8-20.4▼ 1.9%19.2above the sector's middle half▼ 5.9%19.2above the sector's middle half=19.4above the sector's middle half▲ 1.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €235,801 in 2022 against €79,298 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €752,567
Fixed assets
€103,357 ▼ 19.0%
Current assets
€649,210 ▼ 12.7%
Equity and liabilities €752,567
Equity
€85,624 ▼ 73.7%
Debt
€666,943 ▲ 22.2%
Debt's share of the balance-sheet total rises from 62.7% to 88.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€185,854▼
2021 · -€26,402
Cash flow
-€186,941▼
2021 · -€20,008
Current ratio
0.97▼
2021 · 1.36
Quick ratio
0.37▼
2021 · 0.72
Debt to equity
7.79▲
2021 · 1.68
ROE
-276.7%▼
2021 · -22.4%
ROA
-31.5%▼
2021 · -8.4%
Interest coverage
-24.61▼
2021 · -10.62
Debt ≤ 1 year
€666,943▲
2021 · €545,830
Income taxes
€35▼
2021 · €522
Staff costs
€445,006▲
2021 · €424,193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €15,837 | - |
| Remuneration, social security and pensions62 | - | - | - | €424,193 | €445,006 | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74,999 | €76,939 | €76,908 | €52,896 | €49,947 | ▼ 5.6% |
| Other operating charges640/8 | - | - | - | €3,529 | €2,519 | ▼ 28.6% |
| Non-recurring operating charges66A | - | - | - | €21,391 | €0 | ▼ 100.0% |
| Gross operating margin9900 | €600,376 | €613,090 | €445,864 | €422,711 | €261,672 | ▼ 38.1% |
| Operating profit (loss)9901 | €86,938 | €81,377 | -€7,678 | -€79,298 | -€235,801 | ▼ 197% |
| Financial income75/76B | - | - | - | €9,401 | €6,500 | ▼ 30.9% |
| Recurring financial income75 | €3,492 | €9,231 | €10,487 | €9,401 | €6,500 | ▼ 30.9% |
| Financial charges65/66B | - | - | - | €2,485 | €7,552 | ▲ 204% |
| Recurring financial charges65 | €4,925 | €3,999 | €5,198 | €2,485 | €7,552 | ▲ 204% |
| Profit (loss) for the period before taxes9903 | €85,505 | €86,609 | -€2,389 | -€72,382 | -€236,853 | ▼ 227% |
| Income taxes67/77 | €28,899 | €26,231 | €2,135 | €522 | €35 | ▼ 93.2% |
| Profit (loss) for the period9904 | €56,606 | €60,378 | -€4,524 | -€72,904 | -€236,888 | ▼ 225% |
| Profit (loss) for the period to be appropriated9905 | €56,606 | €60,378 | -€4,524 | -€72,904 | -€236,888 | ▼ 225% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €870,859 | €752,567 | ▼ 13.6% |
| Fixed assets21/28 | €258,437 | €230,801 | €171,512 | €127,558 | €103,357 | ▼ 19.0% |
| Tangible fixed assets22/27 | €257,630 | €229,995 | €170,706 | €126,752 | €102,550 | ▼ 19.1% |
| Plant, machinery and equipment23 | - | - | - | €90,279 | €70,214 | ▼ 22.2% |
| Furniture and vehicles24 | - | - | - | €834 | €625 | ▼ 25.0% |
| Other tangible fixed assets26 | - | - | - | €35,639 | €31,711 | ▼ 11.0% |
| Financial fixed assets28 | €806 | €806 | €806 | €806 | €806 | = |
| Current assets29/58 | €870,681 | €877,422 | €863,447 | €743,301 | €649,210 | ▼ 12.7% |
| Stocks and contracts in progress3 | €339,860 | €359,855 | €359,461 | €352,794 | €401,713 | ▲ 13.9% |
| Stocks30/36 | - | - | - | €352,794 | €401,713 | ▲ 13.9% |
| Amounts receivable within one year40/41 | €325,654 | €341,224 | €358,963 | €192,612 | €123,310 | ▼ 36.0% |
| Trade receivables40 | - | - | - | €35,969 | €35,237 | ▼ 2.0% |
| Other amounts receivable41 | - | - | - | €156,644 | €88,073 | ▼ 43.8% |
| Cash at bank and in hand54/58 | €205,167 | €176,343 | €145,022 | €197,895 | €124,187 | ▼ 37.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €870,859 | €752,567 | ▼ 13.6% |
| Equity10/15 | €342,079 | €402,457 | €397,933 | €325,029 | €85,624 | ▼ 73.7% |
| Contributions10/11 | €198,500 | €198,500 | €198,500 | €198,500 | €198,500 | = |
| Capital10 | - | - | - | €198,500 | €198,500 | = |
| Issued capital100 | - | - | - | €198,500 | €198,500 | = |
| Reserves13 | €23,360 | €23,360 | €23,360 | €23,360 | €23,360 | = |
| Non-distributable reserves130/1 | - | - | - | €23,360 | €23,360 | = |
| Legal reserve130 | - | - | - | €23,360 | €23,360 | = |
| Profit (loss) carried forward14 | €120,219 | €180,597 | €176,073 | €103,169 | -€136,236 | ▼ 232% |
| Amounts payable17/49 | €787,039 | €705,766 | €637,026 | €545,830 | €666,943 | ▲ 22.2% |
| Amounts payable after more than one year17 | €46,768 | €1,163 | - | - | - | - |
| Amounts payable within one year42/48 | €740,271 | €704,603 | €637,026 | €545,830 | €666,943 | ▲ 22.2% |
| Financial debts43 | - | - | - | €27,700 | - | - |
| Credit institutions430/8 | - | - | - | €27,700 | - | - |
| Trade debts44 | €552,123 | €552,405 | €536,487 | €441,644 | €578,905 | ▲ 31.1% |
| Suppliers440/4 | - | - | - | €441,644 | €578,905 | ▲ 31.1% |
| Taxes, remuneration and social security45 | - | - | - | €71,977 | €84,633 | ▲ 17.6% |
| Taxes450/3 | - | - | - | €522 | €10,088 | ▲ 1,833% |
| Remuneration and social security454/9 | - | - | - | €71,455 | €74,546 | ▲ 4.3% |
| Other amounts payable47/48 | - | - | - | €4,509 | €3,405 | ▼ 24.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,606 | €60,378 | -€4,524 | -€72,904 | -€236,888 | ▼ 225% |
| + Depreciation and write-downs630 | €74,999 | €76,939 | €76,908 | €52,896 | €49,947 | ▼ 5.6% |
| Operating cash flow (approximation) | €131,605 | €137,317 | €72,385 | -€20,008 | -€186,941 | ▼ 834% |
| Investment in fixed assets (approximation) | - | -€49,304 | -€17,619 | -€8,942 | -€25,745 | ▼ 188% |
| Change in cash | - | -€28,824 | -€31,321 | €52,872 | -€73,707 | ▼ 239% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
15-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren-Borgloon · event 09-06-2026
2023
02-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 26-09-2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
31-12
Financial
Weakest financial yearnet -€236,888
Net result drops to -€236,888, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 149 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 153 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 175 days late
2019
31-12
Financial
Highest result since 2018net €60,378 ▲6.7%
Net result €60,378, the highest in the series.
2018
02-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 94 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 92 days late
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 145 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 92 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Maaseik
Ground area
1,531 m²
Building footprint
963 m²
Parcel 72024B1006/00H002, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024B1006/00H002 | Flanders | 1,530 m² | 1 · 963 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELKE ROEBBEN HEMELINGENSTRAAT 37,
3700 TONGEREN |
26-09-2023 → 09-06-2026 |
Structure & network
Owners and holdings
1 ownerChain of control
- COENEN HOLDING
- LEPACO
Highest known parent: COENEN HOLDING. The sources do not say who stands above it.
Owners 1
- COENEN HOLDINGparent99.75%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,778 EUR awarded · 1,778 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,778 EUR | 1,778 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 endedOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Winkelbediende (so)
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,678 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
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.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.