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M.Lenaerts

Active
Private limited companyfounded 20241 yr activeXavier De Cocklaan 91, 9831 Sint-Martens-Latem, BelgiumKBO/BCE: BE 1014.499.343
Summary

M.Lenaerts has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€17,438) and a net result of -€19,938. Its solvency ranks better than 5% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes
Profitability43
Solvency19
Growth-
Track record67
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25; short-term debt: 13.5% and cash: 0% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-6.4%
Return on assets
-7.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
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

On 2 October 2024, M.Lenaerts was incorporated as a Private limited company.1 In 2026 the registered office moved to Deurle.2 The company has filed annual accounts once, for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 20-07-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€17,438
Total assets
€273,777
Net result
-€19,938
Working capital
-€27,741

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €273,777
Fixed assets €264,488
Current assets €9,289
Key figures and ratios
2025 value
EBITDA
€35,481
Cash flow
€26,283
Solvency
-6.4%
Current ratio
0.25
Debt to equity
-16.70
ROA
-7.3%
Interest coverage
3.95
Debt
€291,215
Debt ≤ 1 year
€37,030
Debt > 1 year
€254,185
Income taxes
€219

Peer companies

Historical observation

Of the 232 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a small loss
1.7% went bankrupt
2.2% stopped otherwise
96% still going

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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 232 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 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€273,777
Fixed assets21/28€264,488
Tangible fixed assets22/27€264,488
Land and buildings22€264,488
Current assets29/58€9,289
Amounts receivable within one year40/41€9,222
Trade receivables40€9,093
Other amounts receivable41€129
Cash at bank and in hand54/58€67
Equity and liabilities
Total equity and liabilities10/49€273,777
Equity10/15-€17,438
Contributions10/11€2,500
Profit (loss) carried forward14-€19,938
Amounts payable17/49€291,215
Amounts payable after more than one year17€254,185
Financial debts170/4€254,185
Amounts payable within one year42/48€37,030
Current portion of amounts payable after more than one year42€10,094
Trade debts44€4,059
Suppliers440/4€4,059
Taxes, remuneration and social security45€4,429
Taxes450/3€4,429
Other amounts payable47/48€18,448
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,221
Other operating charges640/8€1,294
Gross operating margin9900€36,775
Operating profit (loss)9901-€10,740
Financial charges65/66B€8,979
Recurring financial charges65€8,979
Profit (loss) for the period before taxes9903-€19,719
Income taxes67/77€219
Profit (loss) for the period9904-€19,938
Profit (loss) for the period to be appropriated9905-€19,938
Appropriation of the result
Profit (loss) to be appropriated9906-€19,938

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,221
Other operating charges640/8€1,294
Gross operating margin9900€36,775
Operating profit (loss)9901-€10,740
Financial charges65/66B€8,979
Recurring financial charges65€8,979
Profit (loss) for the period before taxes9903-€19,719
Income taxes67/77€219
Profit (loss) for the period9904-€19,938
Profit (loss) for the period to be appropriated9905-€19,938
Line2025
Assets
Total assets20/58€273,777
Fixed assets21/28€264,488
Tangible fixed assets22/27€264,488
Land and buildings22€264,488
Current assets29/58€9,289
Amounts receivable within one year40/41€9,222
Trade receivables40€9,093
Other amounts receivable41€129
Cash at bank and in hand54/58€67
Equity and liabilities
Total equity and liabilities10/49€273,777
Equity10/15-€17,438
Contributions10/11€2,500
Profit (loss) carried forward14-€19,938
Amounts payable17/49€291,215
Amounts payable after more than one year17€254,185
Financial debts170/4€254,185
Amounts payable within one year42/48€37,030
Current portion of amounts payable after more than one year42€10,094
Trade debts44€4,059
Suppliers440/4€4,059
Taxes, remuneration and social security45€4,429
Taxes450/3€4,429
Other amounts payable47/48€18,448
Line2025
Profit (loss) for the period9904-€19,938
+ Depreciation and write-downs630€46,221
Operating cash flow (approximation)€26,283

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

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
20-07
State Gazette act Registered office
Registered-office move2 facts ▸
  • General meeting, 03-06-2026
  • Registered-office move, Xavier de Cocklaan 91, 8931 Deurle
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,937 m²
Building footprint
1,271 m²
Volume, LiDAR
8,211 m³
2 parcels, Flanders · tallest building 15.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
M.Lenaerts
Gasstraat(Kor) 6, 8500 KortrijkActivities of bailiffs
since 20242.365.466.447
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34352F0354/00G005 Flanders 997 m² 1 · 994 m² 15.4 m · 2 fl.
44015B0615/00V000 Flanders 940 m² 1 · 277 m² 8.0 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,018 companies in sector 69103 we hold annual accounts for 610. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded02-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
69103Activities of bailiffs
Contact
E-mail marielenaerts@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:1014499343
Also 9925:BE1014499343
Registered 17-01-2026

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.