LORENZ
ActiveSummary
LORENZ has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.01M and a net result of €116k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 55% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75=
Solvency67▼-14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 2.09 in 2024; short-term debt: 15.5% and cash: 3.4% of total assets), but 58% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
42%
Return on assets
4.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
29 d late
2023
36 d late
2022
30 d late
2021
30 d late
2020
5 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.01M▲ 13.0%
2024 · €893k
2019: €423klowest value
2020: €423k▲ +0.1% vs 2019
2021: €457k▲ +8.1% vs 2020
2022: €516k▲ +12.8% vs 2021
2023: €509k▼ -1.4% vs 2022
2023: €546k
2024: €893k▲ +63.5% vs 2023
2025: €1.01M▲ +13.0% vs 2024highest value
2019 → 2025
Total assets
€2.40M▲ 50.3%
2024 · €1.60M
2019: €1.31M
2020: €1.25M▼ -4.9% vs 2019lowest value
2021: €1.35M▲ +8.3% vs 2020
2022: €1.32M▼ -2.3% vs 2021
2023: €1.47M▲ +11.1% vs 2022
2023: €1.31M
2024: €1.60M▲ +22.5% vs 2023
2025: €2.40M▲ +50.3% vs 2024highest value
2019 → 2025
Net result
€116k▲ 51.1%
2024 · €77k
2019: €-38klowest value
2020: €284▲ +101% vs 2019
2021: €110k▲ +38767% vs 2020
2022: €115k▲ +3.7% vs 2021
2023: €-7k▼ -106% vs 2022
2023: €37k
2024: €77k▲ +107% vs 2023
2025: €116k▲ +51.1% vs 2024highest value
2019 → 2025
Working capital
€625k▲ 47.7%
2024 · €423k
2019: €373klowest value
2020: €434k▲ +16.5% vs 2019
2021: €514k▲ +18.4% vs 2020
2022: €588k▲ +14.4% vs 2021
2023: €470k▼ -20.0% vs 2022
2023: €494k
2024: €423k▼ -14.4% vs 2023
2025: €625k▲ +47.7% vs 2024highest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202320242025Trend
Equity€516k-€509k▼ 1.4%€546k▲ 7.3%€893k▲ 63.5%€1.01M▲ 13.0%
2022: €516k
2023: €509k▼ -1.4% vs 2022lowest value
2023: €546k
2024: €893k▲ +63.5% vs 2023
2025: €1.01M▲ +13.0% vs 2024highest value
Operating result€139k-€-1k€52k€107k▲ 105%€142k▲ 31.8%
2022: €139k
2023: €-1k▼ -101% vs 2022lowest value
2023: €52k
2024: €107k▲ +105% vs 2023
2025: €142k▲ +31.8% vs 2024highest value
Net result€115k-€-7k€37k€77k▲ 107%€116k▲ 51.1%
2022: €115k
2023: €-7k▼ -106% vs 2022lowest value
2023: €37k
2024: €77k▲ +107% vs 2023
2025: €116k▲ +51.1% vs 2024highest value
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.40M
Fixed assets
€1.40M ▲ 78.1%
Current assets
€998k ▲ 23.3%
Equity and liabilities €2.40M
Equity
€1.01M ▲ 13.0%
Debt
€1.39M ▲ 97.5%
Debt's share of the balance-sheet total rises from 44.1% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€225k▲
2024 · €173k
Cash flow
€200k▲
2024 · €142k
Current ratio
2.67▲
2024 · 2.09
Quick ratio
0.23▼
2024 · 0.32
Debt to equity
1.38▲
2024 · 0.79
ROE
11.5%▲
2024 · 8.6%
ROA
4.8%▲
2024 · 4.8%
Interest coverage
7.76▲
2024 · 7.03
Debt ≤ 1 year
€374k▼
2024 · €387k
Debt > 1 year
€1.01M▲
2024 · €305k
Income taxes
€20k▼
2024 · €27k
Staff costs
€97k▲
2024 · €91k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.60M€2.40M▲
Fixed assets21/28€789k€1.40M▲
Tangible fixed assets22/27€789k€1.40M▲
Land and buildings22€351k€347k▼
Plant, machinery and equipment23€125k€94k▼
Furniture and vehicles24€18k€10k▼
Leasing and similar rights25€278k€260k▼
Assets under construction and advance payments27€15k€694k▲
Current assets29/58€810k€998k▲
Stocks and contracts in progress3€686k€911k▲
Stocks30/36€686k€911k▲
Amounts receivable within one year40/41€57€113▲
Other amounts receivable41€57€113▲
Cash at bank and in hand54/58€119k€81k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€2.40M▲
Equity10/15€893k€1.01M▲
Contributions10/11€395k€395k=
Reserves13€342k€342k=
Non-distributable reserves130/1€22k€22k=
Reserves not available under the articles1311€22k€22k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€319k€319k=
Profit (loss) carried forward14€155k€271k▲
Amounts payable17/49€706k€1.39M▲
Amounts payable after more than one year17€305k€1.01M▲
Financial debts170/4€305k€1.01M▲
Amounts payable within one year42/48€387k€374k▼
Current portion of amounts payable after more than one year42€109k€72k▼
Financial debts43€20k€50k▲
Other loans439€20k€50k▲
Trade debts44€121k€100k▼
Suppliers440/4€121k€100k▼
Taxes, remuneration and social security45€61k€61k▼
Taxes450/3€38k€34k▼
Remuneration and social security454/9€23k€27k▲
Other amounts payable47/48€76k€91k▲
Accrued charges and deferred income492/3€14k€11k▼
Income statement
Code20242025
Non-recurring operating income76A€654€3k▲
Remuneration, social security and pensions62€91k€97k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€84k▲
Other operating charges640/8€10k€12k▲
Gross operating margin9900€274k€334k▲
Operating profit (loss)9901€107k€142k▲
Financial income75/76B€21k€23k▲
Recurring financial income75€21k€23k▲
Financial charges65/66B€25k€29k▲
Recurring financial charges65€25k€29k▲
Profit (loss) for the period before taxes9903€103k€136k▲
Income taxes67/77€27k€20k▼
Profit (loss) for the period9904€77k€116k▲
Profit (loss) for the period to be appropriated9905€77k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€155k€271k▲
Profit (loss) brought forward from the previous period14P€79k€155k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €560 | €3k | - | €654 | €3k | ▲ 312% |
| Remuneration, social security and pensions62 | €31k | €68k | €63k | €91k | €97k | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €133k | €150k | €107k | €65k | €84k | ▲ 27.9% |
| Other operating charges640/8 | €8k | €11k | €12k | €10k | €12k | ▲ 18.0% |
| Non-recurring operating charges66A | €1k | €293 | €11k | - | - | - |
| Gross operating margin9900 | €312k | €227k | €245k | €274k | €334k | ▲ 21.9% |
| Operating profit (loss)9901 | €139k | €-1k | €52k | €107k | €142k | ▲ 31.8% |
| Financial income75/76B | €15k | €19k | €17k | €21k | €23k | ▲ 12.8% |
| Recurring financial income75 | €15k | €19k | €17k | €21k | €23k | ▲ 12.8% |
| Financial charges65/66B | €27k | €24k | €23k | €25k | €29k | ▲ 18.1% |
| Recurring financial charges65 | €27k | €24k | €23k | €25k | €29k | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €127k | €-7k | €47k | €103k | €136k | ▲ 31.3% |
| Income taxes67/77 | €12k | - | €9k | €27k | €20k | ▼ 25.5% |
| Profit (loss) for the period9904 | €115k | €-7k | €37k | €77k | €116k | ▲ 51.1% |
| Profit (loss) for the period to be appropriated9905 | €115k | €-7k | €37k | €77k | €116k | ▲ 51.1% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.32M | €1.47M | €1.31M | €1.60M | €2.40M | ▲ 50.3% |
| Fixed assets21/28 | €318k | €583k | €507k | €789k | €1.40M | ▲ 78.1% |
| Tangible fixed assets22/27 | €318k | €583k | €507k | €789k | €1.40M | ▲ 78.1% |
| Land and buildings22 | - | €90k | €86k | €351k | €347k | ▼ 1.3% |
| Plant, machinery and equipment23 | €137k | €101k | €77k | €125k | €94k | ▼ 24.8% |
| Furniture and vehicles24 | €21k | €14k | €27k | €18k | €10k | ▼ 46.6% |
| Leasing and similar rights25 | €160k | €377k | €310k | €278k | €260k | ▼ 6.7% |
| Assets under construction and advance payments27 | - | - | €7k | €15k | €694k | ▲ 4,580% |
| Current assets29/58 | €1.01M | €888k | €798k | €810k | €998k | ▲ 23.3% |
| Stocks and contracts in progress3 | €583k | €628k | €600k | €686k | €911k | ▲ 32.9% |
| Stocks30/36 | €583k | €628k | €600k | €686k | €911k | ▲ 32.9% |
| Amounts receivable within one year40/41 | €36k | €33k | €2k | €57 | €113 | ▲ 98.3% |
| Trade receivables40 | €36k | - | - | - | - | - |
| Other amounts receivable41 | - | €33k | €2k | €57 | €113 | ▲ 98.3% |
| Cash at bank and in hand54/58 | €387k | €226k | €176k | €119k | €81k | ▼ 32.0% |
| Deferred charges and accrued income490/1 | - | €1k | €20k | €5k | €6k | ▲ 23.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.32M | €1.47M | €1.31M | €1.60M | €2.40M | ▲ 50.3% |
| Equity10/15 | €516k | €509k | €546k | €893k | €1.01M | ▲ 13.0% |
| Contributions10/11 | €125k | €125k | €125k | €395k | €395k | = |
| Reserves13 | €332k | €332k | €342k | €342k | €342k | = |
| Non-distributable reserves130/1 | €22k | €22k | €22k | €22k | €22k | = |
| Reserves not available under the articles1311 | €22k | €22k | €22k | €22k | €22k | = |
| Tax-exempt reserves132 | €1k | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | €309k | €309k | €319k | €319k | €319k | = |
| Profit (loss) carried forward14 | €59k | €52k | €79k | €155k | €271k | ▲ 74.6% |
| Amounts payable17/49 | €808k | €962k | €759k | €706k | €1.39M | ▲ 97.5% |
| Amounts payable after more than one year17 | €386k | €544k | €433k | €305k | €1.01M | ▲ 231% |
| Financial debts170/4 | €386k | €544k | €433k | €305k | €1.01M | ▲ 231% |
| Amounts payable within one year42/48 | €418k | €418k | €304k | €387k | €374k | ▼ 3.5% |
| Current portion of amounts payable after more than one year42 | €115k | €123k | €121k | €109k | €72k | ▼ 33.7% |
| Financial debts43 | - | - | - | €20k | €50k | ▲ 150% |
| Other loans439 | - | - | - | €20k | €50k | ▲ 150% |
| Trade debts44 | €118k | €141k | €54k | €121k | €100k | ▼ 17.6% |
| Suppliers440/4 | €118k | €141k | €54k | €121k | €100k | ▼ 17.6% |
| Taxes, remuneration and social security45 | €45k | €40k | €49k | €61k | €61k | ▼ 0.8% |
| Taxes450/3 | €30k | €31k | €39k | €38k | €34k | ▼ 11.0% |
| Remuneration and social security454/9 | €15k | €10k | €10k | €23k | €27k | ▲ 15.8% |
| Other amounts payable47/48 | €139k | €113k | €80k | €76k | €91k | ▲ 20.0% |
| Accrued charges and deferred income492/3 | €4k | - | €22k | €14k | €11k | ▼ 20.3% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €115k | €-7k | €37k | €77k | €116k | ▲ 51.1% |
| + Depreciation and write-downs630 | €133k | €150k | €107k | €65k | €84k | ▲ 27.9% |
| Operating cash flow (approximation) | €248k | €143k | €144k | €142k | €200k | ▲ 40.4% |
| Investment in fixed assets (approximation) | - | €-415k | - | €-347k | €-699k | ▼ 102% |
| Change in cash | - | €-161k | - | €-57k | €-38k | ▲ 32.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2019net €116k ▲51.1%
Operating result €142k, net result €116k, both a record.
31-12
Financial
Equity above €1MEq €1.01M ▲13%
3 profitable years in a row build equity to €1.01M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 36 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
31-01
Financial
Equity above €500kEq €516k ▲12.8%
3 profitable years in a row build equity to €516k.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-01
Financial
Back to profitnet €284
Net result €284 after one loss-making year.
Show earlier events
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 18 days late
2017
06-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Heusden-Zolder · 2 establishment units since 2001
Ground area
1,840 m²
Building footprint
1,085 m²
Volume, LiDAR
6,972 m³
2 parcels, Flanders · tallest building 14.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
G. Gezellelaan 18, 3550 Heusden-Zolder
since 20012.097.948.365
G. Gezellelaan 14, 3550 Heusden-Zolder
since 20172.266.307.307
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1208/00M002 | Flanders | 1,394 m² | 1 · 923 m² | 14.5 m · 1 fl. |
| 71025A1209/00E004 | Flanders | 446 m² | 1 · 162 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 · 2,175 EUR awarded · 2,175 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 375 EUR | 375 EUR |
| 2024 | 1 | 0 EUR | 900 EUR |
| 2023 | 1 | 1,800 EUR | 900 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Similar companies · same sector, comparable size
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SCHOENEN VANLUECHENE
BE 0432.084.916
Roeselare · Eq €973k
Solebox België
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Antwerpen · Eq €1.05M
Decruyenaere
BE 0405.401.701
Avelgem · Eq €1.06M
Of 1,034 companies in sector 47721 we hold annual accounts for 582. 302 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
Founded26-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
Scores and ratios are computed by Checked and are not a credit decision.