LODES
ActiveLODES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198k and a net result of €52k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 9380 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 3.36 against 5.72 in 2024), and 30.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.7%
Return on assets
18.5%
Age of the figures
14 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
24 d early
2023
8 d late
2022
on the day
2021
7 d early
2020
2 d early
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€198k▲ 11.2%
2024 · €178k
2019: €120k
2020: €153k
2021: €180k
2022: €150k
2023: €165k
2024: €178k
2019 → 2025
Total assets
€284k▲ 34.4%
2024 · €211k
2019: €165k
2020: €200k
2021: €226k
2022: €239k
2023: €202k
2024: €211k
2019 → 2025
Net result
€52k▲ 33.3%
2024 · €39k
2019: €26k
2020: €32k
2021: €31k
2022: €32k
2023: €35k
2024: €39k
2019 → 2025
Working capital
€150k▼ 4.6%
2024 · €157k
2019: €105k
2020: €135k
2021: €163k
2022: €124k
2023: €148k
2024: €157k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€180k-€150k▼ 16.5%€165k▲ 9.5%€178k▲ 7.9%€198k▲ 11.2%
Operating result€44k-€43k▼ 1.3%€48k▲ 11.4%€56k▲ 16.4%€72k▲ 28.9%
Net result€31k-€32k▲ 3.5%€35k▲ 8.0%€39k▲ 13.5%€52k▲ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 29% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €284k
Fixed assets
€70k▲ 238%
Current assets
€213k▲ 12.1%
Equity and liabilities €284k
Equity
€198k▲ 11.2%
Debt
€86k▲ 159%
The debt ratio rises from 15.7% to 30.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€83k▲
2024 · €60k
Cash flow
€64k▲
2024 · €43k
Solvency
69.7%▼
2024 · 84.3%
Current ratio
3.36▼
2024 · 5.72
Quick ratio
3.36▼
2024 · 5.72
Debt / equity
0.44▲
2024 · 0.19
ROE
26.5%▲
2024 · 22.1%
ROA
18.5%▼
2024 · 18.6%
Interest coverage
45.38▲
2024 · 35.92
Debt
€86k▲
2024 · €33k
Debt ≤ 1 year
€63k▲
2024 · €33k
Debt > 1 year
€23k
Income taxes
€20k▲
2024 · €16k
Staff costs
€937▲
2024 · €331
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€211k€284k▲
Fixed assets21/28€21k€70k▲
Intangible fixed assets21€2k€602▼
Tangible fixed assets22/27€18k€69k▲
Land and buildings22€10k€8k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€7k€60k▲
Financial fixed assets28€600€600=
Current assets29/58€190k€213k▲
Amounts receivable after more than one year29€1k€1k=
Other amounts receivable291€1k€1k=
Amounts receivable within one year40/41€36k€19k▼
Trade receivables40€31k€19k▼
Other amounts receivable41€5k€0▼
Current investments50/53€41k€64k▲
Cash at bank and in hand54/58€112k€128k▲
Equity and liabilities
Total equity and liabilities10/49€211k€284k▲
Equity10/15€178k€198k▲
Contributions10/11€6k€6k=
Reserves13€172k€191k▲
Tax-exempt reserves132€395€395=
Distributable reserves133€171k€191k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€33k€86k▲
Amounts payable after more than one year17-€23k
Financial debts170/4-€23k
Amounts payable within one year42/48€33k€63k▲
Current portion of amounts payable after more than one year42-€8k
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€3k€12k▲
Taxes450/3€3k€12k▲
Other amounts payable47/48€26k€41k▲
Income statement
Code20242025
Remuneration, social security and pensions62€331€937▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€11k▲
Other operating charges640/8€521€844▲
Gross operating margin9900€61k€85k▲
Operating profit (loss)9901€56k€72k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€56k€73k▲
Income taxes67/77€16k€20k▲
Profit (loss) for the period9904€39k€52k▲
Profit (loss) for the period to be appropriated9905€39k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€52k▲
Transfer from equity791/2€26k€32k▲
Transfer to equity691/2€39k€52k▲
To other reserves6921€39k€52k▲
Profit to be distributed694/7€26k€32k▲
Return on contributions (dividend)694€26k€32k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €52k ▲33.3%
Operating result €72k, net result €52k, both a record.
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
30-06
Financial
Liquidity doublescurrent ratio 4.98
Current ratio from 2.40 to 4.98; short-term debt falls from €89k to €37k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €150kEq €153k ▲27%
2 profitable years in a row build equity to €153k.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-01
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.
Directors · office · real estate
Directors
2 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, Kasterlee · 1 establishment unit since 2012
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.
Meere Goor 342460 KasterleeGround area
1,057 m²
Building footprint
165 m²
Volume, LiDAR
912 m³
Parcel 13017G0066/00G000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LODES BVBA
since 20122.213.585.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017G0066/00G000 | Flanders | 1,057 m² | 1 · 165 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,186 EUR awarded · 2,092 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 624 EUR | 624 EUR |
| 2024 | 1 | 1,394 EUR | 1,300 EUR |
| 2023 | 1 | 168 EUR | 168 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
984500A52D713DE43B45
Similar companies · same sector, comparable size
Bureau d'Etudes Pluricité & associés
BE 1007.312.435
Oudergem · Eq €198k
DEGRAND ENGINEERING
BE 0768.340.166
Stabroek · Eq €197k
MOUQNI INDUSTRIAL ENGINEERING
BE 0539.719.480
Antwerpen · Eq €197k
Algemene Bouwwerken Damus
BE 0822.437.759
Schilde · Eq €197k
Bureau d'Etudes Delta G.C.
BE 0411.903.174
Liège · Eq €197k
Of 11,505 companies in sector 71121 we hold annual accounts for 6,524. 5,097 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-2012
Fiscal year end30-06
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.