LIONS
ActiveSummary
LIONS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,934 and a net result of -€10,351. Equity is growing by ~40.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-63
Solvency44▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.99 against 2.28 in 2024; short-term debt: 80.7% and cash: 1.9% of total assets), and 80.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.1%
Return on assets
-1.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 28806 sector peers (2025).
NBB · sector comparisonPosition among 28806 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
40 d late
2024
61 d late
2023
19 d early
2022
34 d early
2021
33 d early
2020
2 d early
2019
15 d early
← 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 on the deadline day; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 13 July (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€110,934▼ 8.5%
2024 · €121,285
Total assets
€579,322▼ 2.9%
2024 · €596,508
Net result
-€10,351
2024 · €65,348
Working capital
-€3,614
2024 · €267,530
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,678▼ 67.9%€21,465▲ 36.9%€32,092▲ 49.5%€110,055▲ 243%-€14
Net result€3,559within the sector's middle half▼ 90.1%€4,138within the sector's middle half▲ 16.3%€15,121within the sector's middle half▲ 265%€65,348above the sector's middle half▲ 332%-€10,351below the sector's middle half
Equity€36,677within the sector's middle half▲ 10.7%€40,816within the sector's middle half▲ 11.3%€55,937within the sector's middle half▲ 37.0%€121,285within the sector's middle half▲ 117%€110,934within the sector's middle half▼ 8.5%
Total assets€722,326above the sector's middle half▲ 76.5%€689,945above the sector's middle half▼ 4.5%€426,926above the sector's middle half▼ 38.1%€596,508above the sector's middle half▲ 39.7%€579,322above the sector's middle half▼ 2.9%
Debt€685,649▲ 82.3%€649,129▼ 5.3%€370,990▼ 42.8%€475,223▲ 28.1%€468,388▼ 1.4%
Working capital€338,302above the sector's middle half▲ 201%€79,744within the sector's middle half▼ 76.4%€70,850within the sector's middle half▼ 11.2%€267,530above the sector's middle half▲ 278%-€3,614below the sector's middle half
Solvency5.1%below the sector's middle half▼ 3.0pp5.9%below the sector's middle half▲ 0.8pp13.1%below the sector's middle half▲ 7.2pp20.3%below the sector's middle half▲ 7.2pp19.1%below the sector's middle half▼ 1.2pp
Current ratio2.33within the sector's middle half▲ 0.641.17within the sector's middle half▼ 1.161.30within the sector's middle half▲ 0.142.28within the sector's middle half▲ 0.970.99below the sector's middle half▼ 1.28
Return on assets (ROA)0.5%below the sector's middle half▼ 8.3pp0.6%below the sector's middle half▲ 0.1pp3.5%within the sector's middle half▲ 2.9pp11.0%within the sector's middle half▲ 7.4pp-1.8%below the sector's middle half▼ 12.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14 after €110,055 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €579,322
Fixed assets
€115,593 ▼ 3.0%
Current assets
€463,729 ▼ 2.8%
Equity and liabilities €579,322
Equity
€110,934 ▼ 8.5%
Debt
€468,388 ▼ 1.4%
Debt's share of the balance-sheet total rises from 79.7% to 80.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,606▼
2024 · €113,727
Cash flow
-€6,731▼
2024 · €69,020
Quick ratio
0.36▼
2024 · 0.86
Debt to equity
4.22▲
2024 · 3.92
ROE
-9.3%▼
2024 · 53.9%
Interest coverage
0.35▼
2024 · 9.27
Debt ≤ 1 year
€467,343▲
2024 · €209,765
Debt > 1 year
€1,045▼
2024 · €265,458
Income taxes
€0▼
2024 · €33,448
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
1.0%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,423 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,500 | €0 | €13,449 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,457 | €4,646 | €4,398 | €3,672 | €3,620 | ▼ 1.4% |
| Other operating charges640/8 | €29,397 | €2,626 | €51,055 | €41,612 | €1,030 | ▼ 97.5% |
| Non-recurring operating charges66A | - | - | - | - | €3,000 | - |
| Gross operating margin9900 | €49,532 | €28,736 | €87,545 | €155,339 | €7,636 | ▼ 95.1% |
| Operating profit (loss)9901 | €15,678 | €21,465 | €32,092 | €110,055 | -€14 | ▼ 100% |
| Financial income75/76B | €2,563 | €3,120 | €0 | €1,007 | €12 | ▼ 98.8% |
| Recurring financial income75 | €2,563 | €3,120 | €0 | €1,007 | €12 | ▼ 98.8% |
| Financial charges65/66B | €12,801 | €16,306 | €9,732 | €12,266 | €10,349 | ▼ 15.6% |
| Recurring financial charges65 | €12,801 | €16,306 | €9,732 | €12,266 | €10,349 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €5,439 | €8,278 | €22,360 | €98,796 | -€10,351 | ▼ 110% |
| Income taxes67/77 | €1,881 | €4,139 | €7,239 | €33,448 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3,559 | €4,138 | €15,121 | €65,348 | -€10,351 | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | €3,559 | €4,138 | €15,121 | €65,348 | -€10,351 | ▼ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €722,326 | €689,945 | €426,926 | €596,508 | €579,322 | ▼ 2.9% |
| Fixed assets21/28 | €128,758 | €127,282 | €122,885 | €119,213 | €115,593 | ▼ 3.0% |
| Intangible fixed assets21 | €360 | €180 | €0 | - | - | - |
| Tangible fixed assets22/27 | €128,398 | €127,103 | €122,885 | €119,213 | €115,593 | ▼ 3.0% |
| Land and buildings22 | €118,284 | €118,787 | €115,940 | €113,320 | €110,700 | ▼ 2.3% |
| Furniture and vehicles24 | €10,114 | €8,315 | €6,945 | €5,893 | €4,893 | ▼ 17.0% |
| Current assets29/58 | €593,568 | €562,662 | €304,042 | €477,295 | €463,729 | ▼ 2.8% |
| Stocks and contracts in progress3 | €440,000 | €454,761 | €0 | €297,500 | €297,500 | = |
| Stocks30/36 | €440,000 | €454,761 | €0 | €297,500 | €297,500 | = |
| Amounts receivable within one year40/41 | €137,787 | €46,900 | €156,539 | €63,947 | €79,202 | ▲ 23.9% |
| Trade receivables40 | €58,737 | €44,960 | €24,469 | €13,538 | €12,500 | ▼ 7.7% |
| Other amounts receivable41 | €79,050 | €1,940 | €132,069 | €50,409 | €66,702 | ▲ 32.3% |
| Current investments50/53 | - | - | - | - | €75,000 | - |
| Cash at bank and in hand54/58 | €14,697 | €58,669 | €146,361 | €115,259 | €11,107 | ▼ 90.4% |
| Deferred charges and accrued income490/1 | €1,084 | €2,333 | €1,142 | €589 | €920 | ▲ 56.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €722,326 | €689,945 | €426,926 | €596,508 | €579,322 | ▼ 2.9% |
| Equity10/15 | €36,677 | €40,816 | €55,937 | €121,285 | €110,934 | ▼ 8.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €30,477 | €34,616 | €49,737 | €115,085 | €111,090 | ▼ 3.5% |
| Non-distributable reserves130/1 | €450 | €450 | €0 | - | - | - |
| Reserves not available under the articles1311 | €450 | €450 | €0 | - | - | - |
| Distributable reserves133 | €30,027 | €34,166 | €49,737 | €115,085 | €111,090 | ▼ 3.5% |
| Profit (loss) carried forward14 | €0 | - | - | - | -€6,356 | - |
| Amounts payable17/49 | €685,649 | €649,129 | €370,990 | €475,223 | €468,388 | ▼ 1.4% |
| Amounts payable after more than one year17 | €428,798 | €164,916 | €137,799 | €265,458 | €1,045 | ▼ 99.6% |
| Financial debts170/4 | €425,998 | €162,116 | €137,799 | €265,458 | €1,045 | ▼ 99.6% |
| Other amounts payable178/9 | €2,800 | €2,800 | €0 | - | - | - |
| Amounts payable within one year42/48 | €255,266 | €482,918 | €233,191 | €209,765 | €467,343 | ▲ 123% |
| Current portion of amounts payable after more than one year42 | €22,525 | €263,882 | €24,317 | €12,197 | €264,413 | ▲ 2,068% |
| Trade debts44 | €25,972 | €2,533 | €3,985 | €73 | €5,292 | ▲ 7,135% |
| Suppliers440/4 | €25,972 | €2,533 | €3,985 | €73 | €5,292 | ▲ 7,135% |
| Advances received on contracts in progress46 | €1,500 | €1,500 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €4,877 | €9,805 | €4,139 | €33,146 | €33,288 | ▲ 0.4% |
| Taxes450/3 | €4,877 | €9,805 | €4,139 | €33,146 | €33,288 | ▲ 0.4% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €200,392 | €205,198 | €200,750 | €164,350 | €164,350 | = |
| Accrued charges and deferred income492/3 | €1,585 | €1,295 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,559 | €4,138 | €15,121 | €65,348 | -€10,351 | ▼ 116% |
| + Depreciation and write-downs630 | €4,457 | €4,646 | €4,398 | €3,672 | €3,620 | ▼ 1.4% |
| Operating cash flow (approximation) | €8,016 | €8,784 | €19,518 | €69,020 | -€6,731 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€3,170 | €0 | €0 | €0 | - |
| Change in cash | - | €43,972 | €87,692 | -€31,102 | -€104,152 | ▼ 235% |
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
Next filing, fiscal year 2026, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
31-12
Financial
Weakest financial yearnet -€10,351
Net result drops to -€10,351, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €65,348 ▲332%
Operating result €110,055, net result €65,348, both a record.
31-12
Financial
Equity above €100,000Eq €121,285 ▲117%
7 profitable years in a row build equity to €121,285.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wuustwezel · 1 establishment unit since 2013
Ground area
673 m²
Building footprint
353 m²
Volume, LiDAR
2,712 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Lions Real Estate
since 20132.220.488.960
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682G0448/00X014 | Flanders | 420 m² | 1 · 128 m² | 10.0 m · 1 fl. |
| 13014C0027/00W008 | Flanders | 253 m² | 1 · 225 m² | 10.9 m · 3 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 15,518 companies in this sector we hold annual accounts for 7,427. 6,227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded28-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
43320Joinery installation
43350Other building finishing work
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534832759
Also
9925:BE0534832759
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.