LESCO
ActiveLESCO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €941k and a net result of €174k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+9
Solvency59▼-9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.45 in 2024; short-term debt: 59.6% and cash: 1.3% of total assets), and 66.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.6%
Return on assets
6.2%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
13 d early
2023
2 d early
2022
39 d early
2021
53 d early
2020
53 d early
2019
51 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€174k▲ 67.9%
2024 · €104k
2018: €155k
2019: €151k
2020: €2.33M
2021: €376k
2022: €156k
2023: €127k
2024: €104k
2018 → 2025
Working capital
€606k▼ 7.2%
2024 · €653k
2018: €-318k
2019: €-82k
2020: €2.56M
2021: €83k
2022: €321k
2023: €454k
2024: €653k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€779k-€936k▲ 20.1%€1.06M▲ 13.5%€1.17M▲ 9.8%€941k▼ 19.4%
Operating result€503k-€209k▼ 58.6%€197k▼ 5.7%€178k▼ 9.8%€277k▲ 56.0%
Net result€376k-€156k▼ 58.4%€127k▼ 19.0%€104k▼ 18.1%€174k▲ 67.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.80M
Fixed assets
€525k▼ 14.7%
Current assets
€2.28M▲ 8.0%
Equity and liabilities €2.80M
Equity
€941k▼ 19.4%
Provisions
€41k▼ 22.5%
Debt
€1.82M▲ 21.0%
The debt ratio rises from 55.2% to 64.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€376k▲
2024 · €316k
Cash flow
€273k▲
2024 · €242k
Solvency
33.6%▼
2024 · 42.8%
Current ratio
1.36▼
2024 · 1.45
Quick ratio
1.36▼
2024 · 1.45
Debt / equity
1.93▲
2024 · 1.29
ROE
18.5%▲
2024 · 8.9%
ROA
6.2%▲
2024 · 3.8%
Interest coverage
4.74▲
2024 · 4.00
Debt
€1.82M▲
2024 · €1.50M
Debt ≤ 1 year
€1.67M▲
2024 · €1.46M
Debt > 1 year
€110k
Income taxes
€74k▲
2024 · €45k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.72M€2.80M▲
Fixed assets21/28€615k€525k▼
Tangible fixed assets22/27€615k€525k▼
Land and buildings22€370k€332k▼
Plant, machinery and equipment23€245k€190k▼
Furniture and vehicles24€211€3k▲
Financial fixed assets28€167€167=
Current assets29/58€2.11M€2.28M▲
Amounts receivable after more than one year29€1.63M€2.06M▲
Other amounts receivable291€1.63M€2.06M▲
Amounts receivable within one year40/41€427k€178k▼
Trade receivables40€13k€14k▲
Other amounts receivable41€414k€164k▼
Cash at bank and in hand54/58€52k€38k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.72M€2.80M▲
Equity10/15€1.17M€941k▼
Contributions10/11€348k€348k=
Capital10€348k€348k=
Issued capital100€348k€348k=
Reserves13€818k€593k▼
Non-distributable reserves130/1€35k€35k=
Legal reserve130€35k€35k=
Tax-exempt reserves132€260k€224k▼
Distributable reserves133€524k€334k▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€53k€41k▼
Deferred taxes168€53k€41k▼
Amounts payable17/49€1.50M€1.82M▲
Amounts payable after more than one year17-€110k
Financial debts170/4-€110k
Amounts payable within one year42/48€1.46M€1.67M▲
Current portion of amounts payable after more than one year42€0€28k▲
Financial debts43€1.40M€1.59M▲
Credit institutions430/8€1.40M€1.59M▲
Trade debts44€39k€7k▼
Suppliers440/4€39k€7k▼
Taxes, remuneration and social security45€6k€45k▲
Taxes450/3€6k€45k▲
Other amounts payable47/48€15k€0▼
Accrued charges and deferred income492/3€48k€39k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€139k€99k▼
Other operating charges640/8€49k€42k▼
Gross operating margin9900€365k€418k▲
Operating profit (loss)9901€178k€277k▲
Financial income75/76B€39k€38k▼
Recurring financial income75€39k€38k▼
Financial charges65/66B€79k€79k▲
Recurring financial charges65€79k€79k▲
Profit (loss) for the period before taxes9903€137k€236k▲
Transfer from deferred taxes780€12k€12k=
Income taxes67/77€45k€74k▲
Profit (loss) for the period9904€104k€174k▲
Transfer from tax-exempt reserves789€36k€36k=
Transfer to tax-exempt reserves689€63k€0▼
Profit (loss) for the period to be appropriated9905€76k€210k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€210k▲
Transfer from equity791/2-€400k
Transfer to equity691/2€76k€210k▲
To other reserves6921€76k€210k▲
Profit to be distributed694/7-€400k
Return on contributions (dividend)694-€400k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €104k ▼18.1%
Net result drops to €104k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €1MEq €1.06M ▲13.5%
6 profitable years in a row build equity to €1.06M.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.72
Current ratio from 1.02 to 2.72; short-term debt falls from €3.76M to €186k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €2.33M ▲1442%
Operating result €3.14M, net result €2.33M, both a record.
31-12
Financial
Liquidity times 7current ratio 4.88
Current ratio from 0.73 to 4.88.
31-12
Financial
Equity above €2MEq €4.11M ▲131%
3 profitable years in a row build equity to €4.11M.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Merelbeke-Melle · 1 establishment unit since 1984
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.
Brusselsesteenweg 4899090 Merelbeke-MelleGround area
1,374 m²
Building footprint
394 m²
Volume, LiDAR
1,632 m³
Parcel 44040D0084/00N000, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LESCO
since 19842.023.735.645
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040D0084/00N000 | Flanders | 1,374 m² | 1 · 394 m² | 4.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IMMO TWINS
BE 0831.403.034
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ELLIMMO VASTGOED
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SQUARE FEET
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AXC PROPERTIES
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Ukkel · Eq €938k
Of 11,748 companies in sector 68310 we hold annual accounts for 6,906. 3,828 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1983
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@lesco.be
Phone:09-369.19.11
Fax:09-369.07.04
General meetings
2 convocationsGeneral meeting
Agenda
Verslag van de raad van bestuur. Goedkeuring van de jaarrekening per 31/12/2014. Bestemming van het resultaat. Kwijting aan de bestuur- ders. Ontslag en (her)benoeming bestuurders. Allerlei.
General meeting
Agenda
Verslag van de raad van bestuur. Goedkeuring van de jaarrekening per 31/12/2011. Bestemming van het resultaat. Kwijting van de bestuur- ders. Allerlei (AOPC-1-12-00614/24.04)