Checked.be
Active
BE 0427.180.179Private limited company
LNB
Nattehofstraat 107A ·2800 Mechelen, Belgium· 41 yrs active
Sector: Installation of electric heating, air conditioning, cooling and ventilation
(43222)
Conclusion
LNB has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €-15k. Equity is shrinking by ~21.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 12% of 26784 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €20k |
| Net result | €-15k |
| Staff (FTE) | 1 |
| Better than sector | 12% |
Financial profile
34
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
25
Profitability
0
Solvency
13
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1985, 41 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
25
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€500
estimate, not credit advice
Score history
63
2021
56
2022
68
2023
71
2024
25
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.88 (< 1.0)
-10
Leverage
Debt/equity 13.50 (> 3.0)
-10
Profitability
Negatieve ROE -73%
-10
Interest coverage
Interest coverage 4.6× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2028, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.9% | 47.4% | |
| Net result | €-15k | €10k | |
| Equity | €20k | €60k | |
| Gross operating margin | €94k | €39k | |
| Staff costs | €75k | €40k |
€11k
-75.2%
21-25
€-15k
-
21-25
€9k
-77.9%
21-25
€295k
-9.9%
21-25
€20k
-56.2%
21-25
€-29k
-
21-25
1
0.0%
21-25
€75k
+3.7%
21-25
€196
-74.7%
21-25
€11k
-
21-25
€275k
-2.2%
21-25
€250k
+7.3%
21-25
€24k
-49.0%
21-25
0.88
-14.5%
21-25
0.69
-14.3%
21-25
6.9%
-51.4%
21-25
13.50
+123.3%
21-25
-72.8%
-
21-25
-5.0%
-
21-25
4.61
-64.9%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €11k | €46k | €47k | €32k | €72k |
| Net profit | €-15k | €6k | €6k | €2k | €25k |
| Cash flow | €9k | €41k | €44k | €31k | €68k |
| Staff costs | €75k | €73k | €72k | €62k | €62k |
| Income taxes | €196 | €774 | €744 | €380 | €1k |
| Dividends | €11k | €0 | €30k | - | - |
| Total assets | €295k | €327k | €372k | €374k | €355k |
| Equity | €20k | €46k | €40k | €64k | €62k |
| Debt | €275k | €281k | €332k | €310k | €293k |
| of which ≤ 1y | €250k | €233k | €260k | €217k | €196k |
| of which > 1y | €24k | €48k | €72k | €93k | €96k |
| Working capital | €-29k | €8k | €963 | €28k | €60k |
| Employees (FTE) | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.88 | 1.03 | 1.00 | 1.13 | 1.31 |
| Quick ratio | 0.69 | 0.81 | 0.70 | 0.87 | 0.97 |
| Working capital ratio | -9.9% | 2.3% | 0.3% | 7.4% | 17.0% |
| Solvency | 6.9% | 14.2% | 10.8% | 17.2% | 17.5% |
| Debt / equity | 13.50 | 6.05 | 8.26 | 4.82 | 4.73 |
| Long-term debt ratio | 1.19 | 1.02 | 1.79 | 1.45 | 1.55 |
| Interest coverage | 4.61 | 13.12 | 11.91 | 11.35 | 24.79 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -5.0% | 1.9% | 1.6% | 0.7% | 7.0% |
| ROE | -72.8% | 13.4% | 14.9% | 3.8% | 39.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €295k | €327k | €372k | €374k | €355k |
| Fixed assets | 21/28 | €74k | €87k | €111k | €130k | €98k |
| Tangible fixed assets | 22/27 | €74k | €86k | €111k | €130k | €98k |
| Financial fixed assets | 28 | €279 | €254 | €237 | €97 | €341 |
| Current assets | 29/58 | €221k | €241k | €261k | €244k | €257k |
| Stocks & contracts in progress | 3 | €48k | €53k | €78k | €56k | €66k |
| Amounts receivable within one year | 40/41 | €137k | €176k | €170k | €183k | €179k |
| Cash & bank | 54/58 | €36k | €12k | €13k | €6k | €11k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €295k | €327k | €372k | €374k | €355k |
| Equity | 10/15 | €20k | €46k | €40k | €64k | €62k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €17k | €28k | €22k | €46k | €43k |
| Accumulated profits (losses) | 14 | €-15k | €0 | €0 | - | €0 |
| Amounts payable | 17/49 | €275k | €281k | €332k | €310k | €293k |
| Amounts payable after one year | 17 | €24k | €48k | €72k | €93k | €96k |
| Amounts payable within one year | 42/48 | €250k | €233k | €260k | €217k | €196k |
| Trade debts payable within one year | 44 | €19k | €21k | €50k | €52k | €31k |
| Income statement | ||||||
| Gross operating margin | 9900 | €94k | €126k | €127k | €102k | €142k |
| Operating result | 9901 | €-13k | €10k | €9k | €3k | €28k |
| Financial income | 75 | €504 | €106 | €2k | €2k | €459 |
| Financial charges | 65 | €2k | €3k | €4k | €3k | €3k |
| Result before taxes | 9903 | €-15k | €7k | €7k | €3k | €26k |
| Income taxes | 67/77 | €196 | €774 | €744 | €380 | €1k |
| Net result for the period | 9904 | €-15k | €6k | €6k | €2k | €25k |
| Result to be appropriated | 9905 | €-15k | €6k | €6k | €2k | €25k |
Legal Structure
| NACE primary | Installation of electric heating, air conditioning, cooling and ventilation(43222) |
| Legal form | Private limited company(610) |
| Incorporation | 27-03-1985 |
| Status | Active |
| Postal code | 2800 |
Establishment units
LNB
since 20082.174.122.267
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404F0106/00R000 | Flanders | 1,235 m² | 1 · 1,091 m² | 8.7 m · 1 fl. |
| 12404F0106/00W000 | Flanders | 622 m² | 1 · 139 m² | 8.3 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-15k ▼338%
Net result drops to €-15k, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-12
State Gazette act
Director changes
Gauthier Clerens
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2023
19-12-2023 Board composition published
Notary:
Gauthier Clerens · Mechelen
Technical details
{
"events": [
{
"kind": "board_snapshot",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Steve Bernaerts",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "substantive_delegation",
"role": "dagelijks_bestuur",
"person": null,
"reason": null,
"subkind": "additional",
"via_org": {
"kbo": null,
"name": "Verschaeren \u0026 Mertens",
"address": "2800 Mechelen, Battelsesteenweg 286",
"country": "BE",
"legal_form": null
},
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Gauthier Clerens",
"firm_city": null,
"firm_name": null,
"office_city": "Mechelen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-12-19",
"filing_date": "2023-12-15",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-12-11",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0427.180.179",
"name_full": "LNB Hersteldienst BVBA",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Credit advice
Company registry (CBE)
Activities
Installation of electric heating, air conditioning, cooling and ventilation43222
Names & trade names
| Legal nameNL | LNB |
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