LOCHTEN & GERMEAU
ActiveLOCHTEN & GERMEAU has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.90M and a net result of €36k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 167 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-3
Solvency96▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 2.81 against 2.48 in 2023; short-term debt: 26.5% and cash: 3.2% of total assets), and 28.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
71.2%
Return on assets
1.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
69 d early
2022
89 d early
2021
74 d early
2020
67 d early
2019
52 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36k▼ 64.2%
2023 · €101k
2018: €224k
2019: €210k
2020: €92k
2021: €580k
2022: €343k
2023: €101k
2018 → 2024
Working capital
€1.28M▲ 5.0%
2023 · €1.22M
2018: €515k
2019: €496k
2020: €545k
2021: €941k
2022: €1.10M
2023: €1.22M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.16M-€1.57M▲ 35.2%€1.79M▲ 14.2%€1.89M▲ 5.4%€1.90M▲ 0.7%
Operating result€17k-€639k▲ 3,579%€361k▼ 43.4%€76k▼ 79.1%€-19k
Net result€92k-€580k▲ 528%€343k▼ 40.9%€101k▼ 70.5%€36k▼ 64.2%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €19k after €76k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.67M
Fixed assets
€682k▼ 8.8%
Current assets
€1.98M▼ 2.7%
Equity and liabilities €2.67M
Equity
€1.90M▲ 0.7%
Debt
€768k▼ 15.0%
The debt ratio falls from 32.4% to 28.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€180k▼
2023 · €290k
Cash flow
€236k▼
2023 · €316k
Solvency
71.2%▲
2023 · 67.6%
Current ratio
2.81▲
2023 · 2.48
Quick ratio
0.73▼
2023 · 0.76
Debt / equity
0.40▼
2023 · 0.48
ROE
1.9%▼
2023 · 5.4%
ROA
1.4%▼
2023 · 3.6%
Interest coverage
5.95▼
2023 · 8.69
Debt
€768k▼
2023 · €903k
Debt ≤ 1 year
€707k▼
2023 · €824k
Debt > 1 year
€61k▼
2023 · €78k
Income taxes
€11k▼
2023 · €35k
Staff costs
€944k▼
2023 · €1.06M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.79M€2.67M▼
Fixed assets21/28€749k€682k▼
Tangible fixed assets22/27€741k€675k▼
Plant, machinery and equipment23€106k€59k▼
Furniture and vehicles24€252k€305k▲
Other tangible fixed assets26€384k€311k▼
Financial fixed assets28€7k€7k=
Current assets29/58€2.04M€1.98M▼
Stocks and contracts in progress3€1.42M€1.47M▲
Stocks30/36€1.42M€1.47M▲
Amounts receivable within one year40/41€519k€409k▼
Trade receivables40€449k€361k▼
Other amounts receivable41€70k€48k▼
Cash at bank and in hand54/58€81k€85k▲
Deferred charges and accrued income490/1€22k€25k▲
Equity and liabilities
Total equity and liabilities10/49€2.79M€2.67M▼
Equity10/15€1.89M€1.90M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€14k€14k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€1.74M€1.77M▲
Investment grants15€71k€48k▼
Amounts payable17/49€903k€768k▼
Amounts payable after more than one year17€78k€61k▼
Financial debts170/4€78k€61k▼
Amounts payable within one year42/48€824k€707k▼
Current portion of amounts payable after more than one year42€102k€56k▼
Financial debts43€510k€400k▼
Credit institutions430/8€510k€400k▼
Trade debts44€65k€106k▲
Suppliers440/4€65k€106k▲
Advances received on contracts in progress46-€8k
Taxes, remuneration and social security45€147k€138k▼
Taxes450/3€58k€55k▼
Remuneration and social security454/9€89k€83k▼
Accrued charges and deferred income492/3€901-
Income statement
Code20232024
Non-recurring operating income76A€43k€12k▼
Remuneration, social security and pensions62€1.06M€944k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€215k€200k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-9k€8k▲
Other operating charges640/8€18k€72k▲
Non-recurring operating charges66A€201-
Gross operating margin9900€1.36M€1.20M▼
Operating profit (loss)9901€76k€-19k▼
Financial income75/76B€94k€96k▲
Recurring financial income75€94k€96k▲
Financial charges65/66B€33k€30k▼
Recurring financial charges65€33k€30k▼
Profit (loss) for the period before taxes9903€136k€47k▼
Income taxes67/77€35k€11k▼
Profit (loss) for the period9904€101k€36k▼
Profit (loss) for the period to be appropriated9905€101k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.74M€1.77M▲
Profit (loss) brought forward from the previous period14P€1.64M€1.74M▲
Social balance
Average headcount (FTE)908716.815.6▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €36k ▼64.2%
Net result drops to €36k, the lowest in the series.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €580k ▲528%
Operating result €639k, net result €580k, both a record.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €1MEq €1.06M ▲9.4%
2 profitable years in a row build equity to €1.06M.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-07-2019
Marcel Kahnes: Resigned as Director
22-08-2014
Thomas Simon: Resigned as Director
11-01-2012
Marc Van Est: Resigned as Director
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2005
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.
Humaniteitslaan 511190 VorstGround area
2,215 m²
Building footprint
1,602 m²
Volume, LiDAR
10,187 m³
Parcel 21384D0001/00G004, Brussels · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LOCHTEN & GERMEAU
since 20052.150.460.801
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0001/00G004 | Brussels | 2,215 m² | 1 · 1,602 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0428.183.437
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J. De Win
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ANOHID
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Kortrijk · Eq €1.85M
WOODSTAR
BE 0425.120.514
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Of 1,600 companies in sector 16230 we hold annual accounts for 782. 315 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-11-2005
Fiscal year end31-12
Abbreviation FR
L& G
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
46832Wholesale of timber
16110Sawmilling and planing of wood
47522Retail trade
47524Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/2152455