Summary
LIHAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.42M and a net result of €504k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 5547 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 26-09-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
17 d early
2023
8 d early
2022
37 d early
2021
34 d early
2020
23 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€4.42M▲ 5.9%
2024 · €4.17M
2019: €1.66Mlowest in 7 years
2020: €2.24M▲ +35.0% vs 2019
2021: €2.49M▲ +11.0% vs 2020
2022: €3.08M▲ +23.8% vs 2021
2023: €3.44M▲ +11.8% vs 2022
2024: €4.17M▲ +21.2% vs 2023
2025: €4.42M▲ +5.9% vs 2024highest in 7 years
2019 → 2025
Net result
€504k▼ 46.4%
2024 · €941k
2019: €395k
2020: €581k▲ +46.9% vs 2019
2021: €246k▼ -57.7% vs 2020lowest in 7 years
2022: €676k▲ +175% vs 2021
2023: €537k▼ -20.7% vs 2022
2024: €941k▲ +75.3% vs 2023highest in 7 years
2025: €504k▼ -46.4% vs 2024
2019 → 2025
Total assets
€5.99M▲ 3.8%
2024 · €5.78M
2019: €2.58Mlowest in 7 years
2020: €3.08M▲ +19.5% vs 2019
2021: €3.26M▲ +5.9% vs 2020
2022: €3.96M▲ +21.5% vs 2021
2023: €4.92M▲ +24.3% vs 2022
2024: €5.78M▲ +17.3% vs 2023
2025: €5.99M▲ +3.8% vs 2024highest in 7 years
2019 → 2025
Solvency
73.7%▲ 1.5pp
2024 · 72.2%
2019: 64.4%lowest in 7 years
2020: 72.8%▲ +13.0% vs 2019
2021: 76.3%▲ +4.8% vs 2020
2022: 77.8%▲ +1.9% vs 2021highest in 7 years
2023: 69.9%▼ -10.1% vs 2022
2024: 72.2%▲ +3.3% vs 2023
2025: 73.7%▲ +2.0% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.49M-€3.08M▲ 23.8%€3.44M▲ 11.8%€4.17M▲ 21.2%€4.42M▲ 5.9%
2021: €2.49Mlowest in 5 years
2022: €3.08M▲ +23.8% vs 2021
2023: €3.44M▲ +11.8% vs 2022
2024: €4.17M▲ +21.2% vs 2023
2025: €4.42M▲ +5.9% vs 2024highest in 5 years
Operating result€356k-€356k=€760k▲ 113%€737k▼ 3.0%€615k▼ 16.6%
2021: €356k
2022: €356k● -0.0% vs 2021lowest in 5 years
2023: €760k▲ +113% vs 2022highest in 5 years
2024: €737k▼ -3.0% vs 2023
2025: €615k▼ -16.6% vs 2024
Net result€246k-€676k▲ 175%€537k▼ 20.7%€941k▲ 75.3%€504k▼ 46.4%
2021: €246klowest in 5 years
2022: €676k▲ +175% vs 2021
2023: €537k▼ -20.7% vs 2022
2024: €941k▲ +75.3% vs 2023highest in 5 years
2025: €504k▼ -46.4% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.99M
Fixed assets
€1.13M ▼ 0.4%
Current assets
€4.87M ▲ 4.8%
Equity and liabilities €5.99M
Equity
€4.42M ▲ 5.9%
Provisions
€730k =
Debt
€847k ▼ 3.2%
Debt's share of the balance-sheet total falls from 15.2% to 14.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
11.4%▼
2024 · 22.6%
ROA
8.4%▼
2024 · 16.3%
Debt ≤ 1 year
€806k▼
2024 · €838k
Income taxes
€199k▼
2024 · €268k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.78M€5.99M▲
Fixed assets21/28€1.13M€1.13M▼
Tangible fixed assets22/27€387k€382k▼
Land and buildings22€387k€382k▼
Financial fixed assets28€744k€744k=
Current assets29/58€4.64M€4.87M▲
Amounts receivable within one year40/41€1.43M€1.54M▲
Trade receivables40-€1k
Other amounts receivable41€1.43M€1.54M▲
Current investments50/53€2.23M€1.87M▼
Cash at bank and in hand54/58€950k€1.42M▲
Deferred charges and accrued income490/1€38k€39k▲
Equity and liabilities
Total equity and liabilities10/49€5.78M€5.99M▲
Equity10/15€4.17M€4.42M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4.11M€4.35M▲
Non-distributable reserves130/1€3.63M€3.97M▲
Legal reserve130€6k€6k=
Other1319€3.63M€3.96M▲
Distributable reserves133€474k€383k▼
Provisions and deferred taxes16€730k€730k=
Provisions for liabilities and charges160/5€730k€730k=
Other liabilities and charges164/5€730k€730k=
Amounts payable17/49€875k€847k▼
Amounts payable within one year42/48€838k€806k▼
Taxes, remuneration and social security45€125k€40k▼
Taxes450/3€125k€40k▼
Other amounts payable47/48€713k€767k▲
Accrued charges and deferred income492/3€37k€41k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€11k€13k▲
Gross operating margin9900€752k€632k▼
Operating profit (loss)9901€737k€615k▼
Financial income75/76B€500k€125k▼
Recurring financial income75€500k€125k▼
Financial charges65/66B€29k€37k▲
Recurring financial charges65€29k€37k▲
Profit (loss) for the period before taxes9903€1.21M€703k▼
Income taxes67/77€268k€199k▼
Profit (loss) for the period9904€941k€504k▼
Profit (loss) for the period to be appropriated9905€941k€504k▼
Appropriation of the result
Profit (loss) to be appropriated9906€941k€504k▼
Transfer from equity791/2€212k€258k▲
Transfer to equity691/2€941k€504k▼
To other reserves6921€941k€504k▼
Profit to be distributed694/7€212k€258k▲
Return on contributions (dividend)694€121k€167k▲
Directors or managers695€91k€91k=
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49k | €42k | €24k | €5k | €5k | = |
| Other operating charges640/8 | - | €9k | €10k | €11k | €13k | ▲ 21.8% |
| Non-recurring operating charges66A | - | €220 | - | - | - | - |
| Gross operating margin9900 | €415k | €408k | €793k | €752k | €632k | ▼ 15.9% |
| Operating profit (loss)9901 | €356k | €356k | €760k | €737k | €615k | ▼ 16.6% |
| Financial income75/76B | - | €453k | €9k | €500k | €125k | ▼ 75.0% |
| Recurring financial income75 | €1k | €453k | €9k | €500k | €125k | ▼ 75.0% |
| Financial charges65/66B | - | €304 | €19k | €29k | €37k | ▲ 27.5% |
| Recurring financial charges65 | €207 | €304 | €19k | €29k | €37k | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €357k | €808k | €750k | €1.21M | €703k | ▼ 41.8% |
| Income taxes67/77 | €112k | €132k | €214k | €268k | €199k | ▼ 25.6% |
| Profit (loss) for the period9904 | €246k | €676k | €537k | €941k | €504k | ▼ 46.4% |
| Profit (loss) for the period to be appropriated9905 | €246k | €676k | €537k | €941k | €504k | ▼ 46.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.26M | €3.96M | €4.92M | €5.78M | €5.99M | ▲ 3.8% |
| Fixed assets21/28 | €1.22M | €1.16M | €1.14M | €1.13M | €1.13M | ▼ 0.4% |
| Tangible fixed assets22/27 | €476k | €416k | €392k | €387k | €382k | ▼ 1.2% |
| Land and buildings22 | - | €416k | €392k | €387k | €382k | ▼ 1.2% |
| Financial fixed assets28 | €744k | €744k | €744k | €744k | €744k | = |
| Current assets29/58 | €2.04M | €2.80M | €3.79M | €4.64M | €4.87M | ▲ 4.8% |
| Amounts receivable within one year40/41 | €645k | €1.15M | €550k | €1.43M | €1.54M | ▲ 7.9% |
| Trade receivables40 | - | - | - | - | €1k | - |
| Other amounts receivable41 | - | €1.15M | €550k | €1.43M | €1.54M | ▲ 7.8% |
| Current investments50/53 | - | - | €1.60M | €2.23M | €1.87M | ▼ 16.3% |
| Cash at bank and in hand54/58 | €1.39M | €1.65M | €1.63M | €950k | €1.42M | ▲ 49.6% |
| Deferred charges and accrued income490/1 | - | €6k | €12k | €38k | €39k | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.26M | €3.96M | €4.92M | €5.78M | €5.99M | ▲ 3.8% |
| Equity10/15 | €2.49M | €3.08M | €3.44M | €4.17M | €4.42M | ▲ 5.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €2.42M | €3.02M | €3.38M | €4.11M | €4.35M | ▲ 6.0% |
| Non-distributable reserves130/1 | - | €2.36M | €2.81M | €3.63M | €3.97M | ▲ 9.3% |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Other1319 | - | €2.35M | €2.81M | €3.63M | €3.96M | ▲ 9.3% |
| Distributable reserves133 | - | €656k | €565k | €474k | €383k | ▼ 19.2% |
| Provisions and deferred taxes16 | €730k | €730k | €730k | €730k | €730k | = |
| Provisions for liabilities and charges160/5 | - | €730k | €730k | €730k | €730k | = |
| Other liabilities and charges164/5 | - | €730k | €730k | €730k | €730k | = |
| Amounts payable17/49 | €44k | €151k | €750k | €875k | €847k | ▼ 3.2% |
| Amounts payable within one year42/48 | €24k | €151k | €731k | €838k | €806k | ▼ 3.8% |
| Trade debts44 | €868 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €67k | €58k | €125k | €40k | ▼ 68.3% |
| Taxes450/3 | - | €67k | €58k | €125k | €40k | ▼ 68.3% |
| Other amounts payable47/48 | - | €84k | €673k | €713k | €767k | ▲ 7.4% |
| Accrued charges and deferred income492/3 | - | €238 | €19k | €37k | €41k | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €246k | €676k | €537k | €941k | €504k | ▼ 46.4% |
| + Depreciation and write-downs630 | €49k | €42k | €24k | €5k | €5k | = |
| Operating cash flow (approximation) | €295k | €719k | €561k | €945k | €509k | ▼ 46.2% |
| Investment in fixed assets (approximation) | - | €18k | €0 | €0 | €0 | - |
| Change in cash | - | €256k | €-23k | €-675k | €472k | ▲ 170% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
29-02
Financial
Highest result since 2019net €941k ▲75.3%
Net result €941k, the highest in the series.
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
28-02
Financial
Weakest financial yearnet €246k ▼57.7%
Net result drops to €246k, the lowest in the series; recovery starts the following year.
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
29-02
Financial
Equity above €2MEq €2.24M ▲35%
2 profitable years in a row build equity to €2.24M.
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
01-09
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.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Kortrijk · 1 establishment unit since 1998
Ground area
4,576 m²
Building footprint
461 m²
Volume, LiDAR
3,030 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIHAN
since 19982.085.202.367
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34007B0227/00S005 | Flanders | 2,572 m² | 1 · 168 m² | 10.7 m · 2 fl. |
| 34352A0011/00N000 | Flanders | 2,004 m² | 1 · 293 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 8,531 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-12-1997
Fiscal year end28-02
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.