LEPAGE GUY

Active

Private limited companyfounded 200917 yrs activeGentsesteenweg 286, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 0817.086.131

LEPAGE GUY has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46k and a net result of €-24k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability25▼-22

Solvency28▼-5

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days only on tighter terms

Liquidity ample (current ratio 2.15 against 0.92 in 2023; short-term debt: 42.2% and cash: 7.8% of total assets), but 96.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

3.1%

Return on assets

-1.6%

Age of the figures

21 mo

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

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36375 sector peers (2024).

NBB · sector comparison

Position among 36375 sector peers

Solvency

better than 10%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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

not confirmed

2024

74 d late

2023

302 d late

2022

400 d late

2021

180 d late

2020

89 d late

2019

104 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€46k▼ 34.3%

2023 · €71k

2018: €13k 2019: €16k 2020: €27k 2021: €31k 2022: €53k 2023: €71k

2018 → 2024

Total assets

€1.49M▲ 72.3%

2023 · €864k

2018: €192k 2019: €186k 2020: €174k 2021: €267k 2022: €358k 2023: €864k

2018 → 2024

Net result

€-24k

2023 · €17k

2018: €6k 2019: €3k 2020: €10k 2021: €5k 2022: €22k 2023: €17k

2018 → 2024

Working capital

€724k

2023 · €-60k

2018: €-6k 2019: €-5k 2020: €11k 2021: €11k 2022: €-87k 2023: €-60k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€27k-€31k▲ 17.0%€53k▲ 71.1%€71k▲ 32.6%€46k▼ 34.3%

Operating result€20k-€9k▼ 52.9%€29k▲ 210%€38k▲ 28.3%€15k▼ 59.8%

Net result€10k-€5k▼ 55.9%€22k▲ 389%€17k▼ 21.5%€-24k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 60% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.49M

90.9%

Fixed assets €136k▼ 18.8%

Current assets €1.35M▲ 94.3%

Equity and liabilities €1.49M

96.9%

Equity €46k▼ 34.3%

Debt €1.44M▲ 81.8%

The debt ratio rises from 91.8% to 96.9%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€47k▼

2023 · €68k

Cash flow

€7k▼

2023 · €48k

Solvency

3.1%▼

2023 · 8.2%

Current ratio

2.15▲

2023 · 0.92

Quick ratio

0.47▲

2023 · 0.33

Debt / equity

31.12▲

2023 · 11.25

ROE

-52.1%▼

2023 · 24.6%

ROA

-1.6%▼

2023 · 2.0%

Interest coverage

0.99▼

2023 · 3.13

Debt

€1.44M▲

2023 · €793k

Debt ≤ 1 year

€628k▼

2023 · €756k

Debt > 1 year

€27k▼

2023 · €37k

Income taxes

€186▼

2023 · €2k

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€864k€1.49M▲

Fixed assets21/28€168k€136k▼

Tangible fixed assets22/27€167k€136k▼

Plant, machinery and equipment23€116k€96k▼

Furniture and vehicles24€51k€40k▼

Financial fixed assets28€250€250=

Current assets29/58€696k€1.35M▲

Stocks and contracts in progress3€446k€1.06M▲

Stocks30/36€446k€1.06M▲

Amounts receivable within one year40/41€232k€178k▼

Trade receivables40€64k€63k▼

Other amounts receivable41€169k€115k▼

Cash at bank and in hand54/58€17k€117k▲

Deferred charges and accrued income490/1€984€875▼

Equity and liabilities

Total equity and liabilities10/49€864k€1.49M▲

Equity10/15€71k€46k▼

Contributions10/11€12k€12k=

Reserves13€28k€28k=

Distributable reserves133€28k€28k=

Profit (loss) carried forward14€30k€6k▼

Amounts payable17/49€793k€1.44M▲

Amounts payable after more than one year17€37k€27k▼

Financial debts170/4€37k€27k▼

Amounts payable within one year42/48€756k€628k▼

Current portion of amounts payable after more than one year42€12k€11k▼

Financial debts43€500k€375k▼

Credit institutions430/8€500k€375k▼

Trade debts44€240k€238k▼

Suppliers440/4€240k€238k▼

Taxes, remuneration and social security45€4k€4k▲

Taxes450/3€4k€4k▲

Accrued charges and deferred income492/3-€786k

Income statement Code20232024

Non-recurring operating income76A€19k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€32k▲

Other operating charges640/8€2k€605▼

Non-recurring operating charges66A€700-

Gross operating margin9900€71k€47k▼

Operating profit (loss)9901€38k€15k▼

Financial income75/76B€3k€8k▲

Recurring financial income75€3k€8k▲

Financial charges65/66B€22k€47k▲

Recurring financial charges65€22k€47k▲

Profit (loss) for the period before taxes9903€19k€-24k▼

Income taxes67/77€2k€186▼

Profit (loss) for the period9904€17k€-24k▼

Profit (loss) for the period to be appropriated9905€17k€-24k▼

Appropriation of the result

Profit (loss) to be appropriated9906€48k€6k▼

Profit (loss) brought forward from the previous period14P€30k€30k=

Transfer to equity691/2€17k-

To other reserves6921€17k-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

13-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 74 days late

29-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 302 days late

2024

31-12

Financial Weakest financial yearnet €-24k ▼239%

Net result drops to €-24k, the lowest in the series.

31-12

Financial Liquidity doublescurrent ratio 2.15

Current ratio from 0.92 to 2.15; short-term debt falls from €756k to €628k.

03-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 400 days late

2023

27-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 180 days late

2022

31-12

Financial Highest result since 2018net €22k ▲389%

Net result €22k, the highest in the series.

2021

28-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 89 days late

2020

12-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 104 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

2018

27-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 58 days late

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 60 days late

2016

04-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 65 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Erpe-Mere · 1 establishment unit since 2009

establishment The establishment unit on the map

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.

Gentsesteenweg 2869420 Erpe-Mere

Ground area

1,921 m²

Building footprint

274 m²

Volume, LiDAR

1,901 m³

2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Lepage Guy

Groenstraat 21, 9420 Erpe-MereManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20092.179.774.496

2 parcels

Flanders 2 (100%)