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LESACO

Judicial reorganisation
Public limited companyfounded 198541 years activeIndustrieterrein Kanaal-Noord 1132, 3960 Bree, BelgiumKBO/BCE: BE 0426.931.939
Summary

The file of LESACO contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €696,683 and a net result of €1,618. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 95% of 1,215 sector peers (NACE 25, fiscal year 2025).

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court
Enterprise Court of Antwerp
Opened
13 December 2019
Track
Reorganisation by amicable settlement
Docket number
20190016
Moratorium until
24 January 2020 (passed; an extension would be in a later judgment)
Delegated judge
Buteneers Gerard
Official Gazette
18-12-2019 (pdf) ↗search the document for 2019/163512

What to do now

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. An amicable settlement binds only the creditors who sign it. You decide whether you sign.
  3. What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
  4. The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.

View the file in RegSol ↗ Watch Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110
#6 oldest company in Bree, Manufacturing sector1 site
Size
€699,795total assets 2025
Equity
€696,683
Profit
€1,618
Turnover not published (abridged schema)
Financial health
24 Critical Checked score 2025
Reorganisation running: about 1 in 4 bankrupt within the year
Structure
Parent
IMMO JECO · 100%
Holdings
1
Accounts 14 days early0 of 4 deeds read
Why 24- In judicial reorganisationLatest accounts filed on timeShow the evidence

Checked score

Score 2025
24 / 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian State Gazette caps the score at 24. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 99.6% of total assets
Liquidity 64+2
short-term debt 0.4% · cash 11.0%
Profitability 69-12
return on assets 0.2%
Bankruptcy probability, 12 months

Judicial reorganisation

About 1 in 4 comparable companies went bankrupt within the year

A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).

No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 94.56 against 58.33 in 2024; short-term debt: 0.4% and cash: 11% of total assets), and 0.4% of the assets are financed with debt.

Signals

Two signals.
+raises risk○neutral
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
Belgian State Gazette
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 days early
2024
28 days late
2023
1 day early
2022
18 days early
2021
21 days late
2020
61 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Highest result since 2018net €68,556 ▲47.9%

Key points

  • Risk: In judicial reorganisationcreditors: see the procedure below 13-12-2019 View
  • Caution: Result fell in 2025from €68,556 to €1,618 ▼ 97.6% View
  • Positive: Among the best 5% on solvencysector median 46.7% · 1,215 companies 99.6% View
  • Controlled by IMMO JECOitself parent of 1 companies 100% View

By topic

Financials

Fiscal year
2025
Total assets
€699,795
Profit
€1,618
Solvency
99.6%
Total assets=
Net result
20182025
Go to Financials

Timeline

Events
17
Since
2017
Next accounts
by 31-07-2027
  1. 31-12-2024Liquidity times 6
  2. 30-07-2024Annual accounts filed
  3. 31-12-2023Liquidity quadruples
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
01-03-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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