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LORRAINE 41

Active
Public limited companyfounded 199729 years activeLouis Schmidtlaan 87, 1040 Etterbeek, BelgiumKBO/BCE: BE 0460.141.868
Summary

LORRAINE 41 has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,863 and a net result of €1.7m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 503 sector peers (NACE 93, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Overview

Activity
Operation of sports facilities
NACE 93110
#2 company by total assets in Etterbeek, Arts, sports and recreation sector1 site
Size
€3.1mturnover 2025
Equity
€130,863
Profit
€1.7m
Financial health
95 Excellent Checked score 2025
Bankruptcy probability, 12 months
< 0.1%
Structure
Parent
M&G European Secured Property Holding Company S.a.r.l · 100%
Board
3 members
Auditor: EY Bedrijfsrevisoren BVAccounts 36 days early
Why 95- Equity €130,863 (1.2% of total assets)+ Size: turnover €3.1m, total assets €10.8m+ Liquidity: current ratio 3.14, cash €5.2m+ Figures for FY 2025 (filed 26-03-2026)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 93, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 26=
equity 1.2% of total assets
Liquidity 97=
short-term debt 15.4% · cash 48.3%
Profitability 92+1
return on assets 15.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (53 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: 0.1%▲ +0.1 percentage points vs 03-2025highest value 05-2025: < 0.1%▼ -0.1 percentage points vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 3.14 against 2.95 in 2024; short-term debt: 15.4% and cash: 48.3% of total assets), but 98.8% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, medium-sized): better than 17% on solvency, 100% on liquidity, 98% on profitability and 40% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €3.1m, total assets €10.8m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €130,863 (1.2% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 3.14, cash €5.2m
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 26-03-2026)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 503 sector peers (2025).
NBB · sector comparison
Position among 503 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 days early
2024
26 days early
2023
27 days early
2022
25 days early
2021
11 days early
2020
22 days early
2019
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 4 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close07-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Reappointment: Caroline HOOGSTEYNS (director)State Gazette act
  3. Resignation: Julie MOSSONG (director)Appointment: Florence JOUBERT (director)

Key points

  • Positive: Among the best 5% on net resultsector median €13,093 · 502 companies €1.7m View
  • Positive: 6 years of growth in a rowturnover 2025: €3.1m 6 years View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by M&G European Secured Property…known shareholders 100% 100% View

By topic

Financials

Fiscal year
2025
Turnover
€3.1m
Profit
€1.7m
Solvency
1.2%
Turnover▲ 3.1%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
Parent
M&G European Secured Property… · 100%
Known shareholders
100%
Auditor
EY Bedrijfsrevisoren BV
Go to Board & ownership

Timeline

Events
41
Since
2003
Next accounts
by 30-04-2027
  1. 30-09-2025Highest result since 2019
  2. 15-04-2025Appointment: Audrey TOURNEREAU (director)
  3. 04-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Operation of sports facilitiesNACE 93110
Founded
06-03-1997
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
La société a pour objet la détention directe ou indirecte de participations, sous quelque…
Go to Articles of association

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