Lesuco
ActiveLesuco has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.08M and a net result of €2.18M. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 65% of 818 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
91
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-12
Solvency90▼-5
Growth62▼-3
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 2.0 in 2024), but 52.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
47.1%
Return on assets
33.4%
Age of the figures
8 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
13 d early
2023
19 d late
2022
27 d early
2021
1 d late
2020
29 d early
2019
1 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€19.00M▼ 13.1%
2024 · €21.87M
2018: €19.60M
2019: €19.08M
2020: €17.94M
2021: €15.16M
2022: €19.97M
2023: €26.60M
2024: €21.87M
2018 → 2025
EBIT margin
15.9%▼ 5.0pp
2024 · 20.9%
2018: 15.4%
2019: 13.1%
2020: 13.4%
2021: 16.2%
2022: 19.3%
2023: 19.3%
2024: 20.9%
2018 → 2025
Net result
€2.18M▼ 35.6%
2024 · €3.39M
2018: €1.89M
2019: €1.66M
2020: €1.79M
2021: €1.78M
2022: €2.83M
2023: €3.74M
2024: €3.39M
2018 → 2025
Working capital
€2.77M▼ 32.0%
2024 · €4.07M
2018: €2.13M
2019: €2.07M
2020: €2.13M
2021: €2.10M
2022: €3.23M
2023: €4.13M
2024: €4.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€15.16M-€19.97M▲ 31.7%€26.60M▲ 33.2%€21.87M▼ 17.8%€19.00M▼ 13.1%
Equity€2.68M-€3.73M▲ 39.2%€4.64M▲ 24.4%€4.29M▼ 7.6%€3.08M▼ 28.2%
Operating result€2.46M-€3.86M▲ 57.0%€5.13M▲ 33.1%€4.57M▼ 11.0%€3.02M▼ 33.9%
Net result€1.78M-€2.83M▲ 59.0%€3.74M▲ 32.2%€3.39M▼ 9.4%€2.18M▼ 35.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.53M
Fixed assets
€588k▼ 5.7%
Current assets
€5.95M▼ 27.0%
Equity and liabilities €6.53M
Equity
€3.08M▼ 28.2%
Provisions
€277k▼ 32.3%
Debt
€3.18M▼ 22.1%
The debt ratio rises from 46.5% to 48.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€3.09M▼
2024 · €4.65M
Cash flow
€2.26M▼
2024 · €3.47M
Solvency
47.1%▼
2024 · 48.9%
Current ratio
1.87▼
2024 · 2.00
Quick ratio
1.27▼
2024 · 1.80
Debt / equity
1.03▲
2024 · 0.95
ROE
70.9%▼
2024 · 79.1%
ROA
33.4%▼
2024 · 38.6%
Interest coverage
26.66▼
2024 · 40.04
Debt
€3.18M▼
2024 · €4.08M
Debt ≤ 1 year
€3.18M▼
2024 · €4.08M
Income taxes
€755k▼
2024 · €1.15M
Staff costs
€1.65M▲
2024 · €1.42M
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€8.77M€6.53M▼
Fixed assets21/28€623k€588k▼
Intangible fixed assets21€323€0▼
Tangible fixed assets22/27€339k€304k▼
Land and buildings22€252k€233k▼
Plant, machinery and equipment23€70k€58k▼
Furniture and vehicles24€18k€13k▼
Financial fixed assets28€283k€283k=
Other financial fixed assets284/8€283k€283k=
Amounts receivable and cash guarantees285/8€283k€283k=
Current assets29/58€8.15M€5.95M▼
Stocks and contracts in progress3€829k€1.90M▲
Stocks30/36€49k€56k▲
Raw materials and consumables30/31€49k€56k▲
Contracts in progress37€780k€1.84M▲
Amounts receivable within one year40/41€5.32M€2.40M▼
Trade receivables40€5.12M€2.04M▼
Other amounts receivable41€201k€358k▲
Current investments50/53€274€700k▲
Other investments51/53€274€700k▲
Cash at bank and in hand54/58€1.98M€914k▼
Deferred charges and accrued income490/1€21k€32k▲
Equity and liabilities
Total equity and liabilities10/49€8.77M€6.53M▼
Equity10/15€4.29M€3.08M▼
Contributions10/11€310k€310k=
Capital10€310k€310k=
Issued capital100€310k€310k=
Revaluation surpluses12€65k€65k=
Reserves13€3.91M€2.70M▼
Non-distributable reserves130/1€31k€31k=
Legal reserve130€31k€31k=
Distributable reserves133€3.88M€2.67M▼
Investment grants15€590€210▼
Provisions and deferred taxes16€409k€277k▼
Provisions for liabilities and charges160/5€409k€277k▼
Other liabilities and charges164/5€409k€277k▼
Amounts payable17/49€4.08M€3.18M▼
Amounts payable within one year42/48€4.08M€3.18M▼
Financial debts43€636k€235k▼
Credit institutions430/8€636k€235k▼
Trade debts44€2.20M€2.37M▲
Suppliers440/4€2.20M€2.37M▲
Advances received on contracts in progress46€461k€363k▼
Taxes, remuneration and social security45€765k€210k▼
Taxes450/3€669k€84k▼
Remuneration and social security454/9€96k€126k▲
Other amounts payable47/48€11k€5k▼
Accrued charges and deferred income492/3€580€0▼
Income statement
Code20242025
Operating income70/76A€21.42M€20.23M▼
Turnover70€21.87M€19.00M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-693k€1.06M▲
Other operating income74€208k€166k▼
Non-recurring operating income76A€31k€0▼
Operating charges60/66A€16.85M€17.22M▲
Goods for resale, raw materials and consumables60€12.21M€12.83M▲
Purchases600/8€12.20M€12.84M▲
Change in stocks: decrease (increase)609€8k€-7k▼
Services and other goods61€2.87M€2.75M▼
Remuneration, social security and pensions62€1.42M€1.65M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€76k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€213k€-132k▼
Other operating charges640/8€57k€35k▼
Non-recurring operating charges66A€3k€0▼
Operating profit (loss)9901€4.57M€3.02M▼
Financial income75/76B€108k€52k▼
Recurring financial income75€108k€52k▼
Income from current assets751€61k€27k▼
Other financial income752/9€46k€25k▼
Financial charges65/66B€135k€134k▼
Recurring financial charges65€135k€134k▼
Debt charges650€116k€116k=
Other financial charges652/9€19k€18k▼
Profit (loss) for the period before taxes9903€4.54M€2.94M▼
Income taxes67/77€1.15M€755k▼
Taxes670/3€1.15M€755k▼
Tax adjustments and reversals of tax provisions77-€64
Profit (loss) for the period9904€3.39M€2.18M▼
Profit (loss) for the period to be appropriated9905€3.39M€2.18M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.39M€2.18M▼
Transfer from equity791/2€3.74M€3.39M▼
From reserves792€3.74M€3.39M▼
Transfer to equity691/2€3.39M€2.18M▼
To other reserves6921€3.39M€2.18M▼
Profit to be distributed694/7€3.74M€3.39M▼
Return on contributions (dividend)694€3.74M€3.39M▼
Social balance
Average headcount (FTE)908725.126.1▲
The notes to these accounts (67 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-08
State Gazette act
Statutes amendment · Resignations & appointmentsGeneral meeting · Statutes amendment · Capital19 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
General meeting · Statutes amendment · Capital19 facts ▸
- General meeting, 2024-03-19
- Statutes amendment
- Statutes amendment
- Capital, €310.000
- Corporate purpose, Onderneming en commercialisatie van zwembaden en tennispleinen, handelsactiviteiten in verband met sport, aan- en verkoop van materiaal, bouw van sportcomplexen…
- Director resignation, Didier Seghers (bestuurder)
- Director resignation, Pierre Malou (bestuurder)
- Director reappointment, Didier Seghers (niet-statutair bestuurder)
- Director reappointment, Pierre Malou (niet-statutair bestuurder)
- Director reappointment, Didier Seghers (gedelegeerde bestuurder)
- Director reappointment, Pierre Malou (gedelegeerde bestuurder)
- Director discharge, Didier Seghers
- +7 further facts in this act
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
28-01
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment · Mandate compensation3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment · Mandate compensation3 facts ▸
- General meeting, 2024-08-08
- Auditor reappointment, 3 years, at the ordinary general meeting deliberating on the 2026 fiscal year accounts
- Mandate compensation, LVM Audit Services, Reviseurs d'Entreprises BV
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €3.74M ▲32.2%
Operating result €5.13M, net result €3.74M, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-12
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Power of attorney6 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Power of attorney6 facts ▸
- Board meeting, 2022-09-23
- Director resignation, Thomas HIRSCHLAND (bestuurder)
- Power of attorney, Pierre-Antoine MALOU (speciale mandataris)
- Power of attorney, Didier SEGHERS (speciale mandataris)
- Power of attorney, Marleen DE JONGHE (speciale mandataris)
- Power of attorney, Lorenzo MALOU (speciale mandataris)
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
25-08
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 2021-06-30
- Auditor appointment, DELVAUX ASSOCIÉS Réviseurs d'Entreprises BV
- Permanent representative, Vincent MISSELYN
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
17-02
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Board meeting9 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Board meeting9 facts ▸
- General meeting, 2021-01-22
- Director reappointment, Pierre-Antoine MALOU (bestuurder)
- Director reappointment, Didier SEGHERS (bestuurder)
- Director reappointment, Thomas HIRSCHLAND (bestuurder)
- Board meeting, 2021-01-22
- Director reappointment, Pierre-Antoine MALOU (gedelegeerd bestuurder)
- Director reappointment, Didier SEGHERS (gedelegeerd bestuurder)
- Power of attorney, Pierre-Antoine MALOU
- Power of attorney, Didier SEGHERS
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
19-05
State Gazette act
Resignations & appointmentsPermanent representative1 fact ▸
State Gazette act
Resignations & appointments
Permanent representative1 fact ▸
- Permanent representative, Christophe Pelzer
2019
31-12
Financial
Weakest financial yearnet €1.66M ▼12.5%
Net result drops to €1.66M, the lowest in the series; recovery starts the following year.
08-08
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Mandate compensation3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Mandate compensation3 facts ▸
- General meeting, 2018-09-14
- Auditor appointment, BDO BEDRIJFSREVISOREN (commissaris)
- Mandate compensation, BDO BEDRIJFSREVISOREN
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
30-01
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment2 facts ▸
- General meeting, 2016-06-14
- Auditor reappointment, vennootschap niet meer als grote vennootschap beschouwd
2015
20-03
State Gazette act
Statutes amendmentGeneral meeting · Statutes amendment · Director reappointment5 facts ▸
State Gazette act
Statutes amendment
General meeting · Statutes amendment · Director reappointment5 facts ▸
- General meeting, 2015-01-30
- Statutes amendment
- Director reappointment, Didier Seghers (bestuurder)
- Director reappointment, Thomas Hirschland (bestuurder)
- Director reappointment, Pierre-Antoine Malou (bestuurder)
19-01
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Director appointment5 facts ▸
- Board meeting, 2014-09-26
- Director resignation, DISECOM (bestuurder)
- Director appointment, Didier SEGHERS (bestuurder)
- Director appointment, Didier SEGHERS (afgevaardigd bestuurder)
- Company status, liquidation
2013
18-10
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment · Mandate compensation4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment · Mandate compensation4 facts ▸
- General meeting, 2013-06-27
- Auditor reappointment, 3 years, at the ordinary general meeting deliberating on the accounts of fiscal year 2015
- Mandate compensation, BDO BEDRIJFSREVISOREN BV CVBA
- Permanent representative, Hughes FRONVILLE
29-03
State Gazette act
Resignations & appointmentsBoard meeting · Director appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment · Permanent representative3 facts ▸
- Board meeting, 2013-02-07
- Director appointment, DISECOM (afgevaardigd bestuurder)
- Permanent representative, Didier SEGHERS
2010
28-09
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment2 facts ▸
- General meeting, 2010-06-30
- Auditor reappointment, 3 years, at the ordinary general meeting deliberating on the accounts of fiscal year 2012
2008
10-03
State Gazette act
Resignations & appointmentsGeneral meeting · Board meeting · Director resignation6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Board meeting · Director resignation6 facts ▸
- General meeting, 2007-06-16
- Board meeting, 2007-05-11
- Director resignation, Didier SEGHERS (bestuurder)
- Director appointment, DISECOM (bestuurder)
- Permanent representative, Didier SEGHERS
- Auditor reappointment, 3 years, 2009
2004
02-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment9 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment9 facts ▸
- General meeting, 2004-06-18
- Director resignation, Natacha MALOU (bestuurder)
- Director resignation, Giancarlo ANGELOZZI (bestuurder)
- Director appointment, Thomas HIRSCHLAND (bestuurder)
- Director appointment, Didier SEGHERS (bestuurder)
- Mandate compensation, Thomas HIRSCHLAND
- Mandate compensation, Didier SEGHERS
- Auditor appointment, DELVAUX, FRONVILLE, SERVAIS ET ASSOCIES SC
- Permanent representative, Hugues FRONVILLE
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 directors, no change since 2025
Pierre-Antoine MALOU
CurrentDirector · since 30-01-2015
Didier SEGHERS
CurrentDirector · since 25-09-2014
14-08-2025
Pierre-Antoine MALOU: Resigned as Director
14-08-2025
Pierre-Antoine MALOU: Resigned as Managing director
14-08-2025
SEGHERS Didier Louis Rosa Jozef: Resigned as Director
14-08-2025
SEGHERS Didier Louis Rosa Jozef: Resigned as Managing director
22-11-2022
Thomas HIRSCHLAND: Resigned as Director
30-01-2021
Pierre-Antoine MALOU: Mandate renewed as Director
30-01-2021
Didier SEGHERS: Mandate renewed as Director
30-01-2021
Thomas HIRSCHLAND: Mandate renewed as Director
30-01-2015
Pierre-Antoine MALOU: Mandate renewed as Director
30-01-2015
Didier SEGHERS: Mandate renewed as Director
30-01-2015
Thomas HIRSCHLAND: Mandate renewed as Director
26-09-2014
Didier SEGHERS: Appointed as Afgevaardigd bestuurder
25-09-2014
Didier SEGHERS: Appointed as Director
25-09-2014
DISECOM: Resigned as Director
07-02-2013
DISECOM: Appointed as Afgevaardigd bestuurder
01-04-2007
Didier SEGHERS: Resigned as Director
01-04-2007
DISECOM: Appointed as Director
18-06-2004
Didier SEGHERS: Appointed as Director
18-06-2004
Thomas HIRSCHLAND: Appointed as Director
18-06-2004
Giancarlo ANGELOZZI: Resigned as Director
18-06-2004
Natacha MALOU: Resigned as Director
Location & real-estate footprint
Registered office, Huldenberg · 2 establishment units since 1977
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.
Leuvensebaan(SAR) 3173040 HuldenbergGround area
1.0 ha
Building footprint
1,571 m²
Volume, LiDAR
4,260 m³
2 parcels, Flanders, Wallonia · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Leuvensebaan(OTT) 317, 3040 Huldenberg
since 19772.036.090.277
Rue des Praules, Sauv. 11, 5030 Gembloux
since 19962.036.090.376
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0560/00Y000 | Wallonia | 9,997 m² | 1 · 1,268 m² | - |
| 24099A0352/00D000 | Flanders | 303 m² | 1 · 303 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
8 auditors| BV LVM Audit Services, Réviseurs d'entreprisesCurrent Auditor | 08-08-2024 → present |
Show 7 earlier auditors
| BDO Bedrijfsrevisoren BV CVBA Auditor succeeded by BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES in 2018 | 27-06-2013 → 14-09-2018 |
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES Statutory auditor succeeded by DELVAUX ASSOCIÉS Réviseurs d'Entreprises BV in 2021 | 14-09-2018 → 30-06-2021 |
| BDO DFSA Bedrijfsrevisoren Auditor succeeded by BDO Bedrijfsrevisoren BV CVBA in 2013 | 30-06-2010 → 27-06-2013 |
| DELVAUX ASSOCIÉS Réviseurs d'Entreprises BV Auditor · represented by Vincent MISSELYN succeeded by BV LVM Audit Services, Réviseurs d'entreprises in 2024 | 30-06-2021 → 08-08-2024 |
| Delvaux, Fronville, Servais et Associés Auditor succeeded by BDO DFSA Bedrijfsrevisoren in 2010 | 16-06-2007 → 30-06-2010 |
| Philippe Blanche Statutory auditor | - → 01-09-2019 |
| SC DELVAUX, Fronville, Servais et associés Auditor · represented by Hugues FRONVILLE succeeded by Delvaux, Fronville, Servais et Associés in 2007 | 18-06-2004 → 16-06-2007 |
Recognitions · licences · registrations
Recognised contractor
15 categoriesLesuco NV15477
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Of 2,429 companies in sector 41003 we hold annual accounts for 1,047. 351 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1977
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
42110Construction of roads and motorways
45230
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:081600100