Lorent&Lorent
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 18-05-2026 PDF all 21 filings
Turnover
≈ €220,000
Estimated: probably between €150,000 and €390,000
Total assets
€189,255▲ 35.1%
2024 · €140,119
Net result
€49,239▲ 6.6%
2024 · €46,176
Working capital
€98,934▲ 2.5%
2024 · €96,485
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€72,989
▲ 6.6%
2025
20182025
Net result
€49,239
▲ 6.6%
2025
highest quarter of the sector
20182025
Equity
€116,496
▲ 1.2%
2025
highest quarter of the sector
20182025
Total assets
€189,255
▲ 35.1%
2025
middle half of the sector
20182025
Debt
€72,759
▲ 191%
2025
20182025
Working capital
€98,934
▲ 2.5%
2025
highest quarter of the sector
20182025
Solvency
61.6%
▼ 20.6pp
2025
middle half of the sector
20182025
Current ratio
2.36
▼ 2.50
2025
middle half of the sector
20182025
Return on assets (ROA)
26.0%
▼ 6.9pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€9,715-€13,906▲ 43.1%€13,654▼ 1.8%€33,217▲ 143%€25,284▼ 23.9%€31,199▲ 23.4%€68,500▲ 120%€72,989▲ 6.6%
Net result€7,475-€9,743▲ 30.3%€9,923within the sector's middle half▲ 1.8%€22,514within the sector's middle half▲ 127%€17,016within the sector's middle half▼ 24.4%€21,081within the sector's middle half▲ 23.9%€46,176above the sector's middle half▲ 119%€49,239above the sector's middle half▲ 6.6%
Equity€30,261-€39,203▲ 29.6%€48,326within the sector's middle half▲ 23.3%€70,041within the sector's middle half▲ 44.9%€77,531within the sector's middle half▲ 10.7%€78,152within the sector's middle half▲ 0.8%€115,110above the sector's middle half▲ 47.3%€116,496above the sector's middle half▲ 1.2%
Total assets€46,442-€50,348▲ 8.4%€57,070within the sector's middle half▲ 13.4%€81,563within the sector's middle half▲ 42.9%€98,252within the sector's middle half▲ 20.5%€93,801within the sector's middle half▼ 4.5%€140,119within the sector's middle half▲ 49.4%€189,255within the sector's middle half▲ 35.1%
Debt€16,181-€11,145▼ 31.1%€8,744▼ 21.5%€11,522▲ 31.8%€20,721▲ 79.8%€15,649▼ 24.5%€25,009▲ 59.8%€72,759▲ 191%
Working capital€29,765-€15,018▼ 49.5%€25,451within the sector's middle half▲ 69.5%€48,228within the sector's middle half▲ 89.5%€56,836within the sector's middle half▲ 17.8%€58,492within the sector's middle half▲ 2.9%€96,485above the sector's middle half▲ 65.0%€98,934above the sector's middle half▲ 2.5%
Solvency65.2%-77.9%▲ 12.7pp84.7%above the sector's middle half▲ 6.8pp85.9%above the sector's middle half▲ 1.2pp78.9%above the sector's middle half▼ 7.0pp83.3%above the sector's middle half▲ 4.4pp82.2%above the sector's middle half▼ 1.2pp61.6%within the sector's middle half▼ 20.6pp
Current ratio2.84-2.35▼ 0.493.91above the sector's middle half▲ 1.565.19above the sector's middle half▲ 1.273.75above the sector's middle half▼ 1.444.74above the sector's middle half▲ 0.994.86above the sector's middle half▲ 0.112.36within the sector's middle half▼ 2.50
Return on assets (ROA)16.1%-19.4%▲ 3.3pp17.4%within the sector's middle half▼ 2.0pp27.6%above the sector's middle half▲ 10.2pp17.3%within the sector's middle half▼ 10.3pp22.5%above the sector's middle half▲ 5.2pp33.0%above the sector's middle half▲ 10.5pp26.0%above the sector's middle half▼ 6.9pp
above
within
below
The sector band is the middle half of the companies in Education (NACE 85). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 7% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189,255
Fixed assets
€17,563 ▼ 5.7%
Current assets
€171,693 ▲ 41.3%
Equity and liabilities €189,255
Equity
€116,496 ▲ 1.2%
Debt
€72,759 ▲ 191%
Debt's share of the balance-sheet total rises from 17.8% to 38.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€74,052▲
2024 · €69,562
Cash flow
€50,302▲
2024 · €47,238
Debt to equity
0.62▲
2024 · 0.22
ROE
42.3%▲
2024 · 40.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€72,759▲
2024 · €25,009
Income taxes
€23,636▲
2024 · €22,205
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €248 | €1,310 | €1,310 | €1,063 | €1,063 | €1,063 | €1,063 | €1,063 | = |
| Other operating charges640/8 | - | - | - | €194 | €177 | €219 | €229 | €236 | ▲ 3.3% |
| Gross operating margin9900 | €9,963 | €15,216 | €14,964 | €34,474 | €26,524 | €32,481 | €69,791 | €74,288 | ▲ 6.4% |
| Operating profit (loss)9901 | €9,715 | €13,906 | €13,654 | €33,217 | €25,284 | €31,199 | €68,500 | €72,989 | ▲ 6.6% |
| Financial income75/76B | - | - | - | - | €0 | - | - | - | - |
| Recurring financial income75 | - | - | €8 | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €107 | €173 | €114 | €119 | €114 | ▼ 4.4% |
| Recurring financial charges65 | €240 | €242 | €229 | €107 | €173 | €114 | €119 | €114 | ▼ 4.4% |
| Profit (loss) for the period before taxes9903 | €9,475 | €13,664 | €13,433 | €33,111 | €25,111 | €31,085 | €68,381 | €72,875 | ▲ 6.6% |
| Income taxes67/77 | €2,000 | €3,922 | €3,511 | €10,596 | €8,095 | €10,004 | €22,205 | €23,636 | ▲ 6.4% |
| Profit (loss) for the period9904 | €7,475 | €9,743 | €9,923 | €22,514 | €17,016 | €21,081 | €46,176 | €49,239 | ▲ 6.6% |
| Profit (loss) for the period to be appropriated9905 | €7,475 | €9,743 | €9,923 | €22,514 | €17,016 | €21,081 | €46,176 | €49,239 | ▲ 6.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €46,442 | €50,348 | €57,070 | €81,563 | €98,252 | €93,801 | €140,119 | €189,255 | ▲ 35.1% |
| Fixed assets21/28 | €495 | €24,185 | €22,875 | €21,813 | €20,750 | €19,688 | €18,625 | €17,563 | ▼ 5.7% |
| Tangible fixed assets22/27 | €495 | €24,185 | €22,875 | €21,813 | €20,750 | €19,688 | €18,625 | €17,563 | ▼ 5.7% |
| Land and buildings22 | - | - | - | €21,813 | €20,750 | €19,688 | €18,625 | €17,563 | ▼ 5.7% |
| Current assets29/58 | €45,947 | €26,163 | €34,195 | €59,750 | €77,502 | €74,113 | €121,494 | €171,693 | ▲ 41.3% |
| Amounts receivable within one year40/41 | €5,419 | €1,003 | €5,450 | €4,413 | €4,350 | €5,280 | €20,550 | €22,697 | ▲ 10.4% |
| Trade receivables40 | - | - | - | €1,250 | €4,000 | €5,280 | €19,050 | €21,480 | ▲ 12.8% |
| Other amounts receivable41 | - | - | - | €3,163 | €350 | - | €1,500 | €1,217 | ▼ 18.9% |
| Cash at bank and in hand54/58 | €40,527 | €25,160 | €28,745 | €55,337 | €73,152 | €68,833 | €100,665 | €148,913 | ▲ 47.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €279 | €83 | ▼ 70.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €46,442 | €50,348 | €57,070 | €81,563 | €98,252 | €93,801 | €140,119 | €189,255 | ▲ 35.1% |
| Equity10/15 | €30,261 | €39,203 | €48,326 | €70,041 | €77,531 | €78,152 | €115,110 | €116,496 | ▲ 1.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | - | - | - | - |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €11,386 | €20,603 | €29,726 | €51,441 | €58,931 | €78,152 | €115,110 | €116,496 | ▲ 1.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €49,581 | €57,071 | €78,152 | €115,110 | €116,496 | ▲ 1.2% |
| Profit (loss) carried forward14 | €275 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €16,181 | €11,145 | €8,744 | €11,522 | €20,721 | €15,649 | €25,009 | €72,759 | ▲ 191% |
| Amounts payable within one year42/48 | €16,181 | €11,145 | €8,744 | €11,522 | €20,666 | €15,621 | €25,009 | €72,759 | ▲ 191% |
| Trade debts44 | €53 | €910 | €33 | €812 | €17 | €390 | €133 | €734 | ▲ 450% |
| Suppliers440/4 | - | - | - | €812 | €17 | €390 | €133 | €734 | ▲ 450% |
| Taxes, remuneration and social security45 | - | - | - | €7,021 | €7,073 | €10,253 | €11,618 | €16,107 | ▲ 38.6% |
| Taxes450/3 | - | - | - | €5,131 | €5,184 | €8,363 | €11,618 | €16,107 | ▲ 38.6% |
| Remuneration and social security454/9 | - | - | - | €1,889 | €1,889 | €1,889 | - | - | - |
| Other amounts payable47/48 | - | - | - | €3,689 | €13,575 | €4,978 | €13,257 | €55,918 | ▲ 322% |
| Accrued charges and deferred income492/3 | - | - | - | - | €55 | €28 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,475 | €9,743 | €9,923 | €22,514 | €17,016 | €21,081 | €46,176 | €49,239 | ▲ 6.6% |
| + Depreciation and write-downs630 | €248 | €1,310 | €1,310 | €1,063 | €1,063 | €1,063 | €1,063 | €1,063 | = |
| Operating cash flow (approximation) | €7,722 | €11,053 | €11,233 | €23,577 | €18,079 | €22,144 | €47,238 | €50,302 | ▲ 6.5% |
| Investment in fixed assets (approximation) | - | -€25,000 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€15,367 | €3,585 | €26,592 | €17,815 | -€4,319 | €31,832 | €48,248 | ▲ 51.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as Lorent&Lorent has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Lorent&Lorent itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for Lorent&Lorent. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-05-2026 | 2026-00112168 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00316947 | |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00149780 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00308429 | |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20219692 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-27200373 | |
| 31-12-2019 | micro format | 07-07-2020 | 2020-27400343 | |
| 31-12-2018 | micro format | 11-06-2019 | 2019-17800601 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-33000427 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-37800467 |