LYCO
ActiveSummary
LYCO has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,630 and a net result of €53,144, of which €60,883 non-recurring income. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 45% of 1,830 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-11-2008 Normal situation
- Activity
- Rental and leasing activities NACE 77120
- Establishment unit
- 2.174.303.401 3740 Bilzen-Hoeselt, since 06-11-2008
- Financial year end
- 30 September
- Peppol
- Reachable since 05-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 30-09-2025
- Gross margin
- €144,128
- ▲ 59.6%
- Turnover
- ≈ €360,000
- estimated
- Profit
- €53,144
- ▲ 589%
- Equity
- €97,630
- ▲ 119%
- Total assets
- €383,797
- ▲ 67.5%
Score breakdownlowers riskFounded in 2008Size: total assets €383,797Figures for financial year 2025 (filed on 25-04-2026)Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 71% of micro companies in rental and leasing (NACE 77)
Financial strength · tick: 2024
Strong
Solvency
50+6
equity 25.4% of total assets
Liquidity
53+12
short-term debt 21.7% · cash 8.4%
Profitability
86+13
return on assets 13.8%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.2%▼ -0.4 percentage points vs 04-2026lowest value
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.85 (0.51 in 2024), below 1. Short-term debt is 21.7% and cash 8.4% of total assets. 74.6% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 77, micro). It does better than 42% of them on solvency, 65% on liquidity, 81% on profitability and 94% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €97,630
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 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
19 days early
2023
on the day
2022
2 days early
2021
30 days early
2020
16 days early
2019
20 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 23 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end04-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-04-2026 PDF all 16 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €360,000
Estimated: probably between €240,000 and €560,000
Total assets
€383,797▲ 67.5%
2024 · €229,194
Net result
€53,144▲ 589%
2024 · €7,714
Working capital
-€12,669▲ 55.1%
2024 · -€28,193
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€83,412
▲ 367%
2025
20192025
Net result
€53,144
▲ 589%
2025
highest quarter of the sector
20192025
Equity
€97,630
▲ 119%
2025
middle half of the sector
20192025
Total assets
€383,797
▲ 67.5%
2025
middle half of the sector
20192025
Debt
€286,167
▲ 54.9%
2025
20192025
Working capital
-€12,669
▲ 55.1%
2025
middle half of the sector
20192025
Solvency
25.4%
▲ 6.0pp
2025
middle half of the sector
20192025
Current ratio
0.85
▲ 0.34
2025
middle half of the sector
20192025
Return on assets (ROA)
13.8%
▲ 10.5pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€1,860-€2,804▲ 50.8%€9,674▲ 245%€1,753▼ 81.9%€41,003▲ 23×€17,865▼ 56.4%€83,412▲ 367%
Net result€1,773-€762within the sector's middle half▼ 57.0%€5,454within the sector's middle half▲ 616%-€4,478below the sector's middle half€30,268within the sector's middle half€7,714within the sector's middle half▼ 74.5%€53,144above the sector's middle half▲ 589%
Equity€4,767-€5,529below the sector's middle half▲ 16.0%€10,983below the sector's middle half▲ 98.6%€6,505below the sector's middle half▼ 40.8%€36,772below the sector's middle half▲ 465%€44,487below the sector's middle half▲ 21.0%€97,630within the sector's middle half▲ 119%
Total assets€6,662-€112,834below the sector's middle half▲ 17×€180,605below the sector's middle half▲ 60.1%€298,735below the sector's middle half▲ 65.4%€270,090below the sector's middle half▼ 9.6%€229,194below the sector's middle half▼ 15.1%€383,797within the sector's middle half▲ 67.5%
Debt€1,895-€107,304▲ 57×€169,622▲ 58.1%€292,230▲ 72.3%€233,317▼ 20.2%€184,707▼ 20.8%€286,167▲ 54.9%
Working capital€3,561--€23,169within the sector's middle half-€47,103within the sector's middle half▼ 103%-€90,111within the sector's middle half▼ 91.3%-€40,760within the sector's middle half▲ 54.8%-€28,193within the sector's middle half▲ 30.8%-€12,669within the sector's middle half▲ 55.1%
Solvency71.6%-4.9%below the sector's middle half▼ 66.7pp6.1%below the sector's middle half▲ 1.2pp2.2%below the sector's middle half▼ 3.9pp13.6%below the sector's middle half▲ 11.4pp19.4%within the sector's middle half▲ 5.8pp25.4%within the sector's middle half▲ 6.0pp
Current ratio2.88-0.25below the sector's middle half▼ 2.630.21below the sector's middle half▼ 0.040.08below the sector's middle half▼ 0.120.34below the sector's middle half▲ 0.260.51below the sector's middle half▲ 0.170.85within the sector's middle half▲ 0.34
Return on assets (ROA)26.6%-0.7%within the sector's middle half▼ 25.9pp3.0%within the sector's middle half▲ 2.3pp-1.5%below the sector's middle half▼ 4.5pp11.2%above the sector's middle half▲ 12.7pp3.4%within the sector's middle half▼ 7.8pp13.8%above the sector's middle half▲ 10.5pp
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). 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 nearly 4.7 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or 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 €383,797
Fixed assets
€313,366 ▲ 57.0%
Current assets
€70,431 ▲ 138%
Equity and liabilities €383,797
Equity
€97,630 ▲ 119%
Debt
€286,167 ▲ 54.9%
Debt's share of the balance-sheet total falls from 80.6% to 74.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€141,800▲
2024 · €87,871
Cash flow
€111,532▲
2024 · €77,721
Debt to equity
2.93▼
2024 · 4.15
ROE
54.4%▲
2024 · 17.3%
Interest coverage
14.09▲
2024 · 8.74
Debt ≤ 1 year
€83,101▲
2024 · €57,829
Debt > 1 year
€202,681▲
2024 · €126,241
Income taxes
€20,517▲
2024 · €171
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €196,850 | €58,200 | €20,575 | €190,414 |
| Depreciation and write-downs of the year | €58,904 | €67,553 | €70,007 | €58,388 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €3,000 awarded · €3,000 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €21,868 | - | €60,883 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €301 | €12,643 | €31,698 | €58,904 | €67,553 | €70,007 | €58,388 | ▼ 16.6% |
| Other operating charges640/8 | - | - | - | €1,445 | €2,623 | €2,447 | €2,327 | ▼ 4.9% |
| Non-recurring operating charges66A | - | - | - | €1,107 | - | - | - | - |
| Gross operating margin9900 | €3,143 | €16,126 | €42,463 | €63,209 | €111,180 | €90,319 | €144,128 | ▲ 59.6% |
| Operating profit (loss)9901 | €1,860 | €2,804 | €9,674 | €1,753 | €41,003 | €17,865 | €83,412 | ▲ 367% |
| Financial income75/76B | - | - | - | €3 | €1 | €77 | €316 | ▲ 312% |
| Recurring financial income75 | - | - | - | €3 | €1 | €77 | €316 | ▲ 312% |
| Financial charges65/66B | - | - | - | €6,137 | €10,608 | €10,056 | €10,067 | ▲ 0.1% |
| Recurring financial charges65 | €87 | €2,043 | €4,220 | €6,137 | €10,608 | €10,056 | €10,067 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €1,773 | €762 | €5,454 | -€4,381 | €30,396 | €7,885 | €73,661 | ▲ 834% |
| Income taxes67/77 | - | - | - | €97 | €129 | €171 | €20,517 | ▲ 120× |
| Profit (loss) for the period9904 | €1,773 | €762 | €5,454 | -€4,478 | €30,268 | €7,714 | €53,144 | ▲ 589% |
| Profit (loss) for the period to be appropriated9905 | €1,773 | €762 | €5,454 | -€4,478 | €30,268 | €7,714 | €53,144 | ▲ 589% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €6,662 | €112,834 | €180,605 | €298,735 | €270,090 | €229,194 | €383,797 | ▲ 67.5% |
| Fixed assets21/28 | €1,206 | €105,062 | €168,289 | €290,527 | €248,989 | €199,557 | €313,366 | ▲ 57.0% |
| Tangible fixed assets22/27 | €1,206 | €105,062 | €168,289 | €290,527 | €248,989 | €199,557 | €313,366 | ▲ 57.0% |
| Plant, machinery and equipment23 | - | - | - | €3,498 | €2,385 | €1,271 | €342 | ▼ 73.1% |
| Furniture and vehicles24 | - | - | - | €33,191 | €17,163 | €24,176 | €130,332 | ▲ 439% |
| Leasing and similar rights25 | - | - | - | €253,838 | €229,441 | €174,110 | €182,691 | ▲ 4.9% |
| Current assets29/58 | €5,456 | €7,771 | €12,316 | €8,208 | €21,101 | €29,637 | €70,431 | ▲ 138% |
| Amounts receivable within one year40/41 | €4,347 | €3,848 | €6,992 | €6,507 | €16,959 | €25,972 | €36,960 | ▲ 42.3% |
| Trade receivables40 | - | - | - | - | €13,061 | €21,266 | €15,656 | ▼ 26.4% |
| Other amounts receivable41 | - | - | - | €6,507 | €3,898 | €4,706 | €21,303 | ▲ 353% |
| Cash at bank and in hand54/58 | €1,110 | €3,923 | €5,323 | €1,701 | €3,580 | €88 | €32,079 | ▲ 363× |
| Deferred charges and accrued income490/1 | - | - | - | - | €563 | €3,577 | €1,393 | ▼ 61.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €6,662 | €112,834 | €180,605 | €298,735 | €270,090 | €229,194 | €383,797 | ▲ 67.5% |
| Equity10/15 | €4,767 | €5,529 | €10,983 | €6,505 | €36,772 | €44,487 | €97,630 | ▲ 119% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €6,416 | €6,416 | €6,416 | €6,416 | €6,416 | €6,416 | €59,560 | ▲ 828% |
| Distributable reserves133 | - | - | - | €6,416 | €6,416 | €6,416 | €59,560 | ▲ 828% |
| Profit (loss) carried forward14 | -€7,849 | -€7,087 | -€1,633 | -€6,111 | €24,156 | €31,871 | €31,871 | = |
| Amounts payable17/49 | €1,895 | €107,304 | €169,622 | €292,230 | €233,317 | €184,707 | €286,167 | ▲ 54.9% |
| Amounts payable after more than one year17 | - | €76,364 | €110,203 | €193,911 | €171,457 | €126,241 | €202,681 | ▲ 60.6% |
| Financial debts170/4 | - | - | - | €193,911 | €171,457 | €126,241 | €202,681 | ▲ 60.6% |
| Amounts payable within one year42/48 | €1,895 | €30,940 | €59,419 | €98,319 | €61,861 | €57,829 | €83,101 | ▲ 43.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €77,458 | €59,589 | €44,070 | €62,431 | ▲ 41.7% |
| Trade debts44 | €595 | €1,381 | €1,413 | €1,178 | €2,143 | €13,589 | €141 | ▼ 99.0% |
| Suppliers440/4 | - | - | - | €1,178 | €2,143 | €13,589 | €141 | ▼ 99.0% |
| Taxes, remuneration and social security45 | - | - | - | €3,328 | €129 | €171 | €20,528 | ▲ 120× |
| Taxes450/3 | - | - | - | €1,828 | €129 | €171 | €20,528 | ▲ 120× |
| Remuneration and social security454/9 | - | - | - | €1,500 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €16,355 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €637 | €385 | ▼ 39.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,773 | €762 | €5,454 | -€4,478 | €30,268 | €7,714 | €53,144 | ▲ 589% |
| + Depreciation and write-downs630 | €301 | €12,643 | €31,698 | €58,904 | €67,553 | €70,007 | €58,388 | ▼ 16.6% |
| Operating cash flow (approximation) | €2,074 | €13,405 | €37,152 | €54,426 | €97,821 | €77,721 | €111,532 | ▲ 43.5% |
| Investment in fixed assets (approximation) | - | -€116,500 | -€94,925 | -€181,142 | -€26,015 | -€20,575 | -€172,197 | ▼ 737% |
| Change in cash | - | €2,813 | €1,400 | -€3,622 | €1,879 | -€3,491 | €31,991 | - |
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, 5,053 companies had the same profile as LYCO has now. Two years later, 95.8% were still going and 1.6% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.4%
stopped otherwise
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LYCO itself is lower: 0.2% within 12 months. It rests on far more data about LYCO than the profile alone.
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 5,053 companies, not a prediction for LYCO. 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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 23-04-2026 | 2026-00087548 | |
| 30-09-2024 | abbreviated format | 11-04-2025 | 2025-00068453 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00083871 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00082903 | |
| 30-09-2021 | abbreviated format | 31-03-2022 | 2022-10000019 | |
| 30-09-2020 | abbreviated format | 14-04-2021 | 2021-10300567 | |
| 30-09-2019 | abbreviated format | 10-04-2020 | 2020-09200398 | |
| 30-09-2018 | abbreviated format | 29-04-2019 | 2019-12300597 | |
| 30-09-2017 | abbreviated format | 04-05-2018 | 2018-12100079 | |
| 30-09-2016 | abbreviated format | 11-05-2017 | 2017-11800454 |
Board & ownership
Directors
Directors
2 directors
Kreyhsel Linda
Current
Director · listed in the 2025 annual accounts, filed on 23-04-2026
Valkeners Yves
Current
Director · listed in the 2025 annual accounts, filed on 23-04-2026
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Kreyhsel Linda |
|
| Valkeners Yves |
|
Network & group
LYCO shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of LYCO. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
23-04
micro format · 7 days before the deadline
2025
30-09
Financial
Highest result from 2019 to 2025net €53,144 ▲589%
The operating result of €83,412 and the net result of €53,144 are both a record.
11-04
abbreviated format · 19 days before the deadline
2024
30-04
abbreviated format · on the deadline day
2023
30-09
Financial
Back to profitnet €30,268
The net result is €30,268, after one loss-making year.
28-04
abbreviated format · 2 days before the deadline
2022
30-09
Financial
Weakest financial yearnet -€4,478
The net result drops to -€4,478, the lowest from 2019 to 2025. It recovers the following year.
31-03
abbreviated format · 30 days before the deadline
2021
14-04
abbreviated format · 16 days before the deadline
2020
10-04
abbreviated format · 20 days before the deadline
2019
29-04
abbreviated format · 1 day before the deadline
2018
04-05
abbreviated format · 4 days late
2017
11-05
abbreviated format · 11 days late
2008
10-11
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
LYCO in Dutch
Enterprise number
0807.614.080
Legal form
Private limited company
Status
Active, normale toestand
Founded
06-11-2008
Entity type
Legal entity
Registered office and establishments
Registered office
Tweevoetjesweg 8, 3740 Bilzen-Hoeselt, Belgium
Establishment unit
Tweevoetjesweg 8, 3740 Bilzen-Hoeselt since 06-11-2008 · unit number 2.174.303.40149320 Non-scheduled passenger transport by road
Activities
NACEBEL 202577120
Rental and leasing activities main activity
Codes under NACEBEL 2008
77120
Rental and leasing activities main activity
Invoicing and payment
VAT number
BE 0807.614.080
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Sites & property
Location
Buildings and parcels at the address
Ground area
1,126 m²
Building footprint
160 m²
Building volume
911 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73006G1105/00C000 | Flanders | 1,125 m² | 1 · 160 m² | 6.9 m · 2 |