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Lonova

Active
Private limited companyfounded 20223 yrs activeKruishoutemseweg 27, 8790 Waregem, BelgiumKBO/BCE: BE 0793.122.676
Summary

The computed 12-month bankruptcy probability of Lonova is 2.4% (moderate). The 2025 annual accounts show equity of €43,224 and a net result of €8,144. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 28374 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability75▲+3
Solvency52▼-9
Growth52=
Track record94
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.2 in 2024; short-term debt: 41.4% and cash: 16.8% of total assets), and 72.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
27.1%
Return on assets
5.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
53 d early
2024
35 d early
2023
57 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 48 days before the deadline; 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 8 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Lonova was incorporated on 28 October 2022 as a Private limited company.1 Total assets rose from EUR 108,569 in 2023 to EUR 159,759 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€43,224▲ 17.6%
2024 · €36,746
Total assets
€159,759▲ 58.2%
2024 · €100,955
Net result
€8,144▲ 180%
2024 · €2,914
Working capital
€9,644▲ 6.7%
2024 · €9,036
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
Line202320242025
Operating result€45,080-€7,182▼ 84.1%€14,213▲ 97.9%
Net result€36,217above the sector's middle half-€2,914within the sector's middle half▼ 92.0%€8,144within the sector's middle half▲ 180%
Equity€35,551within the sector's middle half-€36,746within the sector's middle half▲ 3.4%€43,224within the sector's middle half▲ 17.6%
Total assets€108,569within the sector's middle half-€100,955within the sector's middle half▼ 7.0%€159,759within the sector's middle half▲ 58.2%
Debt€73,019-€64,209▼ 12.1%€116,535▲ 81.5%
Working capital€4,789within the sector's middle half-€9,036within the sector's middle half▲ 88.7%€9,644within the sector's middle half▲ 6.7%
Solvency32.7%within the sector's middle half-36.4%within the sector's middle half▲ 3.7pp27.1%within the sector's middle half▼ 9.3pp
Current ratio1.09below the sector's middle half-1.20within the sector's middle half▲ 0.111.15within the sector's middle half▼ 0.05
Return on assets (ROA)33.4%above the sector's middle half-2.9%within the sector's middle half▼ 30.5pp5.1%within the sector's middle half▲ 2.2pp
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
€0€20,000€40,000Operating result 2023: €45,080€45,080Net result 2023: €36,217€36,217Operating result 2024: €7,182€7,182Net result 2024: €2,914€2,914Operating result 2025: €14,213€14,213Net result 2025: €8,144€8,144202320242025€0€20,000€40,000Operating result 2023: €45,080€45,100Net result 2023: €36,217€36,200Operating result 2024: €7,182€7,180Net result 2024: €2,914€2,910Operating result 2025: €14,213€14,200Net result 2025: €8,144€8,140202320242025
The operating result recovers in 2025; 2025 is 98% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159,759
Fixed assets €84,024 ▲ 82.1%
Current assets €75,736 ▲ 38.2%
Equity and liabilities €159,759
Equity €43,224 ▲ 17.6%
Debt €116,535 ▲ 81.5%
Debt's share of the balance-sheet total rises from 63.6% to 72.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€30,061▲
2024 · €22,178
Cash flow
€23,992▲
2024 · €17,910
Quick ratio
0.83▲
2024 · 0.73
Debt to equity
2.70▲
2024 · 1.75
ROE
18.8%▲
2024 · 7.9%
Interest coverage
8.98▲
2024 · 6.51
Debt ≤ 1 year
€66,092▲
2024 · €45,781
Debt > 1 year
€48,290▲
2024 · €15,943
Income taxes
€2,804▲
2024 · €1,039
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,976 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€100,955€159,759▲
Fixed assets21/28€46,138€84,024▲
Intangible fixed assets21€9,548€7,332▼
Tangible fixed assets22/27€36,590€76,692▲
Plant, machinery and equipment23€4,957€3,056▼
Furniture and vehicles24€30,319€72,461▲
Other tangible fixed assets26€1,315€1,175▼
Current assets29/58€54,817€75,736▲
Stocks and contracts in progress3€21,401€20,554▼
Stocks30/36€21,401€20,554▼
Contracts in progress37€0-
Amounts receivable within one year40/41€19,877€24,561▲
Trade receivables40€19,588€19,738▲
Other amounts receivable41€289€4,823▲
Cash at bank and in hand54/58€10,079€26,835▲
Deferred charges and accrued income490/1€3,459€3,785▲
Equity and liabilities
Total equity and liabilities10/49€100,955€159,759▲
Equity10/15€36,746€43,224▲
Contributions10/11€1,000€1,000=
Reserves13€35,746€42,224▲
Distributable reserves133€35,746€42,224▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€64,209€116,535▲
Amounts payable after more than one year17€15,943€48,290▲
Financial debts170/4€15,943€48,290▲
Amounts payable within one year42/48€45,781€66,092▲
Current portion of amounts payable after more than one year42€9,192€19,587▲
Trade debts44€2,071€13,368▲
Suppliers440/4€2,071€13,368▲
Taxes, remuneration and social security45€2,027€3,757▲
Taxes450/3€2,027€3,757▲
Other amounts payable47/48€32,491€29,380▼
Accrued charges and deferred income492/3€2,485€2,153▼
Income statement Code20242025
Non-recurring operating income76A-€6,673
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,996€15,848▲
Other operating charges640/8€959€910▼
Gross operating margin9900€23,137€30,970▲
Operating profit (loss)9901€7,182€14,213▲
Financial income75/76B€178€83▼
Recurring financial income75€178€83▼
Financial charges65/66B€3,407€3,348▼
Recurring financial charges65€3,407€3,348▼
Profit (loss) for the period before taxes9903€3,953€10,948▲
Income taxes67/77€1,039€2,804▲
Profit (loss) for the period9904€2,914€8,144▲
Profit (loss) for the period to be appropriated9905€2,914€8,144▲
Appropriation of the result
Profit (loss) to be appropriated9906€2,914€8,144▲
Transfer to equity691/2€1,196€6,478▲
To other reserves6921€1,196€6,478▲
Profit to be distributed694/7€1,718€1,666▼
Return on contributions (dividend)694€1,718€1,666▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Non-recurring operating income76A--€6,673-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,979€14,996€15,848▲ 5.7%
Other operating charges640/8€1,273€959€910▼ 5.1%
Gross operating margin9900€59,331€23,137€30,970▲ 33.9%
Operating profit (loss)9901€45,080€7,182€14,213▲ 97.9%
Financial income75/76B€0€178€83▼ 53.5%
Recurring financial income75€0€178€83▼ 53.5%
Financial charges65/66B€1,136€3,407€3,348▼ 1.7%
Recurring financial charges65€1,136€3,407€3,348▼ 1.7%
Profit (loss) for the period before taxes9903€43,944€3,953€10,948▲ 177%
Income taxes67/77€7,727€1,039€2,804▲ 170%
Profit (loss) for the period9904€36,217€2,914€8,144▲ 180%
Profit (loss) for the period to be appropriated9905€36,217€2,914€8,144▲ 180%
Line202320242025Change
Assets
Total assets20/58€108,569€100,955€159,759▲ 58.2%
Fixed assets21/28€47,450€46,138€84,024▲ 82.1%
Intangible fixed assets21€579€9,548€7,332▼ 23.2%
Tangible fixed assets22/27€46,871€36,590€76,692▲ 110%
Plant, machinery and equipment23€6,794€4,957€3,056▼ 38.4%
Furniture and vehicles24€40,077€30,319€72,461▲ 139%
Other tangible fixed assets26-€1,315€1,175▼ 10.6%
Current assets29/58€61,119€54,817€75,736▲ 38.2%
Stocks and contracts in progress3€30,960€21,401€20,554▼ 4.0%
Stocks30/36€14,941€21,401€20,554▼ 4.0%
Contracts in progress37€16,019€0--
Amounts receivable within one year40/41€19,812€19,877€24,561▲ 23.6%
Trade receivables40€16,859€19,588€19,738▲ 0.8%
Other amounts receivable41€2,953€289€4,823▲ 1,566%
Cash at bank and in hand54/58€9,387€10,079€26,835▲ 166%
Deferred charges and accrued income490/1€961€3,459€3,785▲ 9.4%
Equity and liabilities
Total equity and liabilities10/49€108,569€100,955€159,759▲ 58.2%
Equity10/15€35,551€36,746€43,224▲ 17.6%
Contributions10/11€1,000€1,000€1,000=
Reserves13€34,551€35,746€42,224▲ 18.1%
Distributable reserves133€34,551€35,746€42,224▲ 18.1%
Profit (loss) carried forward14€0€0€0-
Amounts payable17/49€73,019€64,209€116,535▲ 81.5%
Amounts payable after more than one year17€16,598€15,943€48,290▲ 203%
Financial debts170/4€16,598€15,943€48,290▲ 203%
Amounts payable within one year42/48€56,330€45,781€66,092▲ 44.4%
Current portion of amounts payable after more than one year42€5,648€9,192€19,587▲ 113%
Trade debts44€9,506€2,071€13,368▲ 546%
Suppliers440/4€9,506€2,071€13,368▲ 546%
Taxes, remuneration and social security45€8,559€2,027€3,757▲ 85.3%
Taxes450/3€8,559€2,027€3,757▲ 85.3%
Other amounts payable47/48€32,618€32,491€29,380▼ 9.6%
Accrued charges and deferred income492/3€91€2,485€2,153▼ 13.4%
Line202320242025Change
Profit (loss) for the period9904€36,217€2,914€8,144▲ 180%
+ Depreciation and write-downs630€12,979€14,996€15,848▲ 5.7%
Operating cash flow (approximation)€49,195€17,910€23,992▲ 34.0%
Investment in fixed assets (approximation)--€13,684-€53,733▼ 293%
Change in cash-€692€16,755▲ 2,321%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €2,914 ▼92%
Net result drops to €2,914, the lowest in the series; recovery starts the following year.
04-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
433 m²
Building footprint
109 m²
Volume, LiDAR
117 m³
Parcel 34452A0259/00X004, Flanders · tallest building 6.4 m. Linked by address, not a title deed.
1 establishment unit
Lonova
Kruishoutemseweg 27, 8790 WaregemRepair, maintenance and installation of machinery and equipment
since 20222.351.092.037
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452A0259/00X004 Flanders 433 m² 1 · 109 m² 6.4 m
Linked by address, not proof of ownership
Good to know
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 · 2 entries · 611 EUR awarded · 611 EUR paid
Year Entries awardedpaid
2025 1 521 EUR521 EUR
2023 1 90 EUR90 EUR
Schemes
2 entries · 611 EUR · 611 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 8,420 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded28-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
43230Insulation installation
86995Nutrition and dietetics services
96993Pet care services, excluding veterinary services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0793122676
Also 9925:BE0793122676
Registered 27-04-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.