Debts
€11,889 92% of the balance sheet
LIONS
Lifetime
8 annual accounts with figures on one time axispeak €34,455 (2018)
€6,731▲ €12,463
lowest -€14,444 (2018)
€6,530▲ €13,562
peak €4,156 (2018)
€1,079▲ €6,530
€11,889▼ 73.7%
peak 1 FTE (2019)
-not published
Board3 names since 2022
1 directorMOURADIAN Aret
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from -€5,732 to €6,731Back to profit: €6,530Equity from -€5,452 to €1,079Debts from €45,157 to €11,889Cash from €1,744 to €811
Key points
from the 2025 annual accountsFilings
8 annual accounts 8 late
The 2021 accounts came latest: 81 days after the end of the period.
Position in the sector
€1,079
Less equity than 87% of companies in construction of buildings. Sector median €45,553 · 9,465 companies.
Checked score
55
Fair
Financially stronger than 52% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.4%
01-2025: 3.1%▼ -0.3 percentage points vs 12-2024
02-2025: 3.1%● unchanged vs 01-2025
03-2025: 3.1%● unchanged vs 02-2025
04-2025: 3.1%● unchanged vs 03-2025
05-2025: 3.1%● unchanged vs 04-2025
06-2025: 3.1%● unchanged vs 05-2025
07-2025: 3.1%● unchanged vs 06-2025
08-2025: 3.5%▲ +0.4 percentage points vs 07-2025
09-2025: 4.5%▲ +1.0 percentage point vs 08-2025
10-2025: 4.3%▼ -0.2 percentage points vs 09-2025
11-2025: 4.3%● unchanged vs 10-2025
12-2025: 4.3%● unchanged vs 11-2025
01-2026: 4.2%▼ -0.1 percentage points vs 12-2025
02-2026: 4.2%● unchanged vs 01-2026
03-2026: 4.2%● unchanged vs 02-2026
04-2026: 4.3%▲ +0.1 percentage points vs 03-2026
05-2026: 4.2%▼ -0.1 percentage points vs 04-2026
06-2026: 4.1%▼ -0.1 percentage points vs 05-2026
07-2026: 4.2%▲ +0.1 percentage points vs 06-2026
08-2026: 4.8%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 1.9%▼ -2.9 percentage points vs 08-2026
10-2026: 1.7%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: 1.7%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
Equity €1,079 (8.3% of total assets)
lowers risk
Size: total assets €12,968
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 17% of them on solvency, 8% on liquidity, 91% on profitability and 90% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as LIONS has now. Each dot stands for 6 companies, two years later.
96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
That fits the bankruptcy probability of LIONS itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for LIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9462 sector peers (2025).
NBB · sector comparisonPosition among 9462 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
30 days late
2024
31 days late
2023
13 days late
2022
60 days late
2021
81 days late
2020
61 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 43 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0676565003
Transfer of 20 shares from YALMAN Alen to MOURADIAN Aret
Resignation: YALMAN Alen (manager) · Appointment: MOURADIAN Aret (director) · Permanent representative: MOURADIAN Aret · General meeting of 28-12-2023 · Gazette deed
Resignation: Sevak Mouradian (director)
Transfer of 40 shares from Sevak Mouradian to Alen Yalman · Transfer of 30 shares from Satenik Bekyan to Alen Yalman · Appointment: Alen Yalman (director) · General meeting of 30-06-2022 · Gazette deed
Incorporation
published on 08-06-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LIONS Etterbeek | €12,968 | €6,731 | 8.3% | - |
| JE Construct Hamme (Vl.) | €18,687 | €10,534 | 66.9% | - |
| TRZ Tubize | €10,920 | €9,256 | 19.8% | - |
| SR CONSTRUCTS Brussels | €28,569 | €12,059 | -5.5% | - |
| BOD.SV.COMPANY Overijse | €25,348 | €8,396 | 98.8% | - |
| LRG BOUW Maasmechelen | €27,667 | €10,011 | 55.5% | - |
| ALEXPERIENCE Machelen (Brab.) | €32,399 | €6,557 | -45.9% | - |
These companies have the same main activity as LIONS: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €10,900 and €32,400, founded between 2015 and 2020.
Official details
Source: KBO- Status
- Active since 06-06-2017Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 1 other
- Establishment unit
- 2.264.778.9621040 Etterbeek, since 06-06-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Insights on LIONS
LIONS files the micro format. That format states no turnover. The gross margin fell from €34,455 in 2018 to €6,731 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LIONS
- What is the company number of LIONS?
- The company number of LIONS is 0676.565.003. The VAT number is the same number with BE in front: BE 0676.565.003.
- Where is LIONS based?
- The registered office is at Philippe Baucqstraat 161, 1040 Etterbeek.Company details
- What does LIONS do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of LIONS?
- LIONS is a private limited company (BV).
- When was LIONS founded?
- LIONS was founded on 06-06-2017.
- Is LIONS still active?
- Yes, LIONS is an active enterprise in the KBO register.
- How many employees does LIONS have?
- LIONS had an average of 1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of LIONS?
- The turnover in financial year 2025 is ≈ €82,000. This figure is estimated from the gross margin of €6,731 and 278 comparable companies (NACE 410). It probably lies between €43,000 and €150,000. It is a rough estimate.
- Is LIONS profitable?
- In financial year 2025, LIONS made a profit of €6,530.
- Where can I find the annual accounts of LIONS?
- LIONS filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LIONS due?
- LIONS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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