LERNA
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 3 filings
Turnover
≈ €210,000
Estimated: probably between €130,000 and €410,000
Total assets
€5.9m▼ 2.9%
2024 · €6.0m
Net result
€8,149▼ 99.2%
2024 · €1.1m
Working capital
-€247,111
2024 · €60,912
In the rankings
#3 company by total assets in Opwijk, Manufacturing sector#3 company by equity in Opwijk, Manufacturing sector
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€76,337
▼ 1.2%
2025
20232025
Net result
€8,149
▼ 99.2%
2025
middle half of the sector
20232025
Equity
€2.8m
▲ 0.3%
2025
highest quarter of the sector
20232025
Total assets
€5.9m
▼ 2.9%
2025
highest quarter of the sector
20232025
Debt
€3.0m
▼ 5.8%
2025
20232025
Working capital
-€247,111
2025
lowest quarter of the sector
20232025
Solvency
48.6%
▲ 1.6pp
2025
middle half of the sector
20232025
Current ratio
0.49
▼ 0.69
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
0.1%
▼ 17.5pp
2025
lowest quarter of the sector
20232025
Staff (FTE)
0
2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€0.3m-€0.08m€0.08m▼ 1.2%
Net result€0.5mabove the sector's middle half-€1.1mabove the sector's middle half▲ 109%€0.008mwithin the sector's middle half▼ 99.2%
Equity€1.8mabove the sector's middle half-€2.8mabove the sector's middle half▲ 59.9%€2.8mabove the sector's middle half▲ 0.3%
Total assets€5.9mabove the sector's middle half-€6.0mabove the sector's middle half▲ 1.9%€5.9mabove the sector's middle half▼ 2.9%
Debt€4.2m-€3.2m▼ 22.9%€3.0m▼ 5.8%
Working capital€0.4mabove the sector's middle half-€0.06mbelow the sector's middle half▼ 83.3%-€0.2mbelow the sector's middle half
Solvency30.0%within the sector's middle half-47.0%within the sector's middle half▲ 17.0pp48.6%within the sector's middle half▲ 1.6pp
Current ratio1.88within the sector's middle half-1.17within the sector's middle half▼ 0.710.49below the sector's middle half▼ 0.69
Return on assets (ROA)8.6%within the sector's middle half-17.6%above the sector's middle half▲ 9.0pp0.1%below the sector's middle half▼ 17.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Manufacture of machinery and equipment not elsewhere classified (NACE 28). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 1% lower than in 2024.
Large changes and their cause
- 2024 Net result +109% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.9m
Fixed assets
€5.6m =
Current assets
€234,538 ▼ 43.0%
Equity and liabilities €5.9m
Equity
€2.8m ▲ 0.3%
Debt
€3.0m ▼ 5.8%
Debt's share of the balance-sheet total falls from 53.0% to 51.4%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
1.06▼
2024 · 1.13
ROE
0.3%▼
2024 · 37.4%
Debt ≤ 1 year
€481,648▲
2024 · €350,601
Debt > 1 year
€2.5m▼
2024 · €2.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €5.2m | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €0.001m | €0.001m | €0.001m | ▲ 44.6% |
| Gross operating margin9900 | -€0.3m | €0.08m | €0.08m | ▼ 0.8% |
| Operating profit (loss)9901 | -€0.3m | €0.08m | €0.08m | ▼ 1.2% |
| Financial income75/76B | €1.0m | €1.2m | €0.2m | ▼ 87.4% |
| Recurring financial income75 | €1.0m | €1.2m | €0.2m | ▼ 87.4% |
| Financial charges65/66B | €0.2m | €0.2m | €0.2m | ▲ 6.5% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €0.5m | €1.1m | €0.008m | ▼ 99.2% |
| Profit (loss) for the period9904 | €0.5m | €1.1m | €0.008m | ▼ 99.2% |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €1.1m | €0.008m | ▼ 99.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5.9m | €6.0m | €5.9m | ▼ 2.9% |
| Fixed assets21/28 | €5.2m | €5.6m | €5.6m | = |
| Financial fixed assets28 | €5.2m | €5.6m | €5.6m | = |
| Current assets29/58 | €0.8m | €0.4m | €0.2m | ▼ 43.0% |
| Amounts receivable within one year40/41 | €0.7m | €0.4m | €0.2m | ▼ 42.5% |
| Trade receivables40 | €0.7m | €0.4m | €0.2m | ▼ 43.9% |
| Other amounts receivable41 | €0.01m | €0.01m | €0.01m | ▲ 9.4% |
| Cash at bank and in hand54/58 | €0.05m | €0.01m | €0.005m | ▼ 59.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5.9m | €6.0m | €5.9m | ▼ 2.9% |
| Equity10/15 | €1.8m | €2.8m | €2.8m | ▲ 0.3% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €0.5m | €1.6m | €1.6m | = |
| Distributable reserves133 | €0.5m | €1.6m | €1.6m | = |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.009m | ▲ 17× |
| Amounts payable17/49 | €4.2m | €3.2m | €3.0m | ▼ 5.8% |
| Amounts payable after more than one year17 | €3.7m | €2.9m | €2.5m | ▼ 11.1% |
| Financial debts170/4 | €3.7m | €2.9m | €2.5m | ▼ 11.1% |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.5m | ▲ 37.4% |
| Current portion of amounts payable after more than one year42 | €0.3m | €0.3m | €0.4m | ▲ 27.1% |
| Trade debts44 | €0.07m | €0.07m | €0.08m | ▲ 7.6% |
| Suppliers440/4 | €0.07m | €0.07m | €0.08m | ▲ 7.6% |
| Other amounts payable47/48 | €0.07m | €0 | €0.05m | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €1.1m | €0.008m | ▼ 99.2% |
| Operating cash flow (approximation) | €0.5m | €1.1m | €0.008m | ▼ 99.2% |
| Investment in fixed assets (approximation) | - | -€0.5m | €0 | - |
| Change in cash | - | -€0.04m | -€0.008m | ▲ 79.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.