PHILIPPE LESCRENIER
ActiveSummary
PHILIPPE LESCRENIER has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.35M and a net result of €109k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+6
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 12.65 against 7.96 in 2024; short-term debt: 3% and cash: 25.2% of total assets), and 11.2% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
88.8%
Return on assets
7.2%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 30-03-2026, 30 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
30 d late
2024
31 d late
2023
on the day
2022
36 d late
2021
22 d late
2020
1 d late
2019
96 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 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close25-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€109k▲ 231%
2024 · €33k
2019: €25klowest in 7 years
2020: €65k▲ +157% vs 2019
2021: €62k▼ -4.8% vs 2020
2022: €422k▲ +585% vs 2021highest in 7 years
2023: €33k▼ -92.2% vs 2022
2024: €33k▼ -0.2% vs 2023
2025: €109k▲ +231% vs 2024
2019 → 2025
Working capital
€530k▲ 39.6%
2024 · €380k
2019: €1.30M
2020: €1.39M▲ +7.4% vs 2019highest in 7 years
2021: €925k▼ -33.6% vs 2020
2022: €564k▼ -39.0% vs 2021
2023: €629k▲ +11.5% vs 2022
2024: €380k▼ -39.6% vs 2023lowest in 7 years
2025: €530k▲ +39.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€1.49M▲ 22.8%€1.52M▲ 2.2%€1.24M▼ 18.5%€1.35M▲ 8.8%
2021: €1.21Mlowest in 5 years
2022: €1.49M▲ +22.8% vs 2021
2023: €1.52M▲ +2.2% vs 2022highest in 5 years
2024: €1.24M▼ -18.5% vs 2023
2025: €1.35M▲ +8.8% vs 2024
Operating result€92k-€561k▲ 512%€53k▼ 90.6%€45k▼ 15.9%€109k▲ 144%
2021: €92k
2022: €561k▲ +512% vs 2021highest in 5 years
2023: €53k▼ -90.6% vs 2022
2024: €45k▼ -15.9% vs 2023lowest in 5 years
2025: €109k▲ +144% vs 2024
Net result€62k-€422k▲ 585%€33k▼ 92.2%€33k▼ 0.2%€109k▲ 231%
2021: €62k
2022: €422k▲ +585% vs 2021highest in 5 years
2023: €33k▼ -92.2% vs 2022
2024: €33k▼ -0.2% vs 2023lowest in 5 years
2025: €109k▲ +231% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 144% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€944k ▼ 4.6%
Current assets
€576k ▲ 32.5%
Equity and liabilities €1.52M
Equity
€1.35M ▲ 8.8%
Provisions
€125k ▼ 3.5%
Debt
€45k ▼ 16.6%
Debt's share of the balance-sheet total falls from 3.8% to 3.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€157k▲
2024 · €93k
Cash flow
€158k▲
2024 · €81k
Current ratio
12.65▲
2024 · 7.96
Debt to equity
0.03▼
2024 · 0.04
ROE
8.1%▲
2024 · 2.7%
ROA
7.2%▲
2024 · 2.3%
Interest coverage
1513.07▼
2024 · 1638.77
Debt ≤ 1 year
€45k▼
2024 · €55k
Income taxes
€5k▼
2024 · €16k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.42M€1.52M▲
Fixed assets21/28€990k€944k▼
Tangible fixed assets22/27€989k€944k▼
Land and buildings22€879k€850k▼
Furniture and vehicles24€16k€8k▼
Other tangible fixed assets26€95k€85k▼
Financial fixed assets28€208€208=
Current assets29/58€434k€576k▲
Amounts receivable within one year40/41€131k€134k▲
Trade receivables40€8k-
Other amounts receivable41€122k€134k▲
Current investments50/53€56k€56k=
Cash at bank and in hand54/58€244k€383k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.42M€1.52M▲
Equity10/15€1.24M€1.35M▲
Contributions10/11€23k€23k=
Outside capital11€23k€23k=
Other1109/19€23k€23k=
Reserves13€1.19M€1.29M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€375k€357k▼
Distributable reserves133€808k€936k▲
Profit (loss) carried forward14€32k€32k=
Provisions and deferred taxes16€129k€125k▼
Deferred taxes168€129k€125k▼
Amounts payable17/49€55k€45k▼
Amounts payable within one year42/48€55k€45k▼
Trade debts44€39k€28k▼
Suppliers440/4€39k€28k▼
Advances received on contracts in progress46-€17k
Taxes, remuneration and social security45€16k-
Taxes450/3€16k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€48k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-36k
Other operating charges640/8€21k€3k▼
Gross operating margin9900€114k€124k▲
Operating profit (loss)9901€45k€109k▲
Financial income75/76B€1€4k▲
Recurring financial income75€1€4k▲
Financial charges65/66B€57€3k▲
Recurring financial charges65€57€104▲
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€45k€110k▲
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€16k€5k▼
Profit (loss) for the period9904€33k€109k▲
Transfer from tax-exempt reserves789€18k€18k=
Profit (loss) for the period to be appropriated9905€51k€128k▲
Appropriation of the result
Profit (loss) to be appropriated9906€84k€160k▲
Profit (loss) brought forward from the previous period14P€32k€32k=
Transfer from equity791/2€314k-
Transfer to equity691/2€51k€128k▲
To other reserves6921€51k€128k▲
Profit to be distributed694/7€314k-
Return on contributions (dividend)694€314k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €33k | €-409 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €41k | €49k | €48k | €48k | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €-36k | - |
| Other operating charges640/8 | - | €16k | €15k | €21k | €3k | ▼ 86.3% |
| Gross operating margin9900 | €249k | €651k | €116k | €114k | €124k | ▲ 8.8% |
| Operating profit (loss)9901 | €92k | €561k | €53k | €45k | €109k | ▲ 144% |
| Financial income75/76B | - | €4k | €4k | €1 | €4k | ▲ 459,737% |
| Recurring financial income75 | €822 | €4k | €4k | €1 | €4k | ▲ 459,737% |
| Financial charges65/66B | - | €378 | €674 | €57 | €3k | ▲ 6,032% |
| Recurring financial charges65 | €2k | €378 | €674 | €57 | €104 | ▲ 83.2% |
| Non-recurring financial charges66B | - | - | - | - | €3k | - |
| Profit (loss) for the period before taxes9903 | €91k | €565k | €56k | €45k | €110k | ▲ 147% |
| Transfer from deferred taxes780 | - | €1k | €1k | €5k | €5k | = |
| Transfer to deferred taxes680 | - | €137k | - | - | - | - |
| Income taxes67/77 | €29k | €8k | €25k | €16k | €5k | ▼ 69.3% |
| Profit (loss) for the period9904 | €62k | €422k | €33k | €33k | €109k | ▲ 231% |
| Transfer from tax-exempt reserves789 | - | €4k | €12k | €18k | €18k | = |
| Transfer to tax-exempt reserves689 | - | €410k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €62k | €16k | €46k | €51k | €128k | ▲ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.75M | €1.82M | €1.71M | €1.42M | €1.52M | ▲ 6.7% |
| Fixed assets21/28 | €286k | €1.06M | €1.04M | €990k | €944k | ▼ 4.6% |
| Tangible fixed assets22/27 | €286k | €1.06M | €1.04M | €989k | €944k | ▼ 4.6% |
| Land and buildings22 | - | €936k | €908k | €879k | €850k | ▼ 3.3% |
| Furniture and vehicles24 | - | €37k | €26k | €16k | €8k | ▼ 46.2% |
| Other tangible fixed assets26 | - | €86k | €104k | €95k | €85k | ▼ 9.8% |
| Financial fixed assets28 | €208 | €208 | €208 | €208 | €208 | = |
| Current assets29/58 | €1.46M | €761k | €669k | €434k | €576k | ▲ 32.5% |
| Amounts receivable after more than one year29 | - | - | €220k | - | - | - |
| Trade receivables290 | - | - | €220k | - | - | - |
| Stocks and contracts in progress3 | €17k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €50k | €216k | €91k | €131k | €134k | ▲ 2.8% |
| Trade receivables40 | - | €102k | €86k | €8k | - | - |
| Other amounts receivable41 | - | €114k | €5k | €122k | €134k | ▲ 9.8% |
| Current investments50/53 | €802k | €337k | €56k | €56k | €56k | = |
| Cash at bank and in hand54/58 | €580k | €205k | €295k | €244k | €383k | ▲ 56.8% |
| Deferred charges and accrued income490/1 | - | €3k | €6k | €3k | €2k | ▼ 29.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.75M | €1.82M | €1.71M | €1.42M | €1.52M | ▲ 6.7% |
| Equity10/15 | €1.21M | €1.49M | €1.52M | €1.24M | €1.35M | ▲ 8.8% |
| Contributions10/11 | - | €23k | €23k | €23k | €23k | = |
| Outside capital11 | - | - | - | €23k | €23k | = |
| Other1109/19 | - | - | - | €23k | €23k | = |
| Reserves13 | €1.16M | €1.43M | €1.47M | €1.19M | €1.29M | ▲ 9.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €406k | €393k | €375k | €357k | ▼ 4.9% |
| Distributable reserves133 | - | €1.03M | €1.07M | €808k | €936k | ▲ 15.8% |
| Profit (loss) carried forward14 | €32k | €32k | €32k | €32k | €32k | = |
| Provisions and deferred taxes16 | - | €135k | €134k | €129k | €125k | ▼ 3.5% |
| Deferred taxes168 | - | €135k | €134k | €129k | €125k | ▼ 3.5% |
| Amounts payable17/49 | €534k | €197k | €51k | €55k | €45k | ▼ 16.6% |
| Amounts payable within one year42/48 | €534k | €197k | €40k | €55k | €45k | ▼ 16.6% |
| Trade debts44 | €9k | €51k | €24k | €39k | €28k | ▼ 27.3% |
| Suppliers440/4 | - | €51k | €24k | €39k | €28k | ▼ 27.3% |
| Advances received on contracts in progress46 | - | - | - | - | €17k | - |
| Taxes, remuneration and social security45 | - | - | €15k | €16k | - | - |
| Taxes450/3 | - | - | €15k | €16k | - | - |
| Other amounts payable47/48 | - | €145k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €12k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €422k | €33k | €33k | €109k | ▲ 231% |
| + Depreciation and write-downs630 | €21k | €41k | €49k | €48k | €48k | ▼ 0.1% |
| Operating cash flow (approximation) | €82k | €463k | €82k | €81k | €158k | ▲ 93.7% |
| Investment in fixed assets (approximation) | - | €-814k | €-27k | €0 | €-3k | - |
| Change in cash | - | €-375k | €90k | €-51k | €139k | ▲ 373% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
Financial
Liquidity quadruplescurrent ratio 16.79
Current ratio from 3.87 to 16.79; short-term debt falls from €197k to €40k.
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 36 days late
2022
31-07
Financial
Highest result since 2019net €422k ▲585%
Operating result €561k, net result €422k, both a record.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 1991
Ground area
1,132 m²
Building footprint
219 m²
Volume, LiDAR
1,047 m³
2 parcels, Brussels · tallest building 13.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PHILIPPE LESCRENIER
since 19912.051.044.313
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0250/00X006 | Brussels | 782 m² | 1 · 218 m² | 13.7 m · 1 fl. |
| 21804D0306/00H000 | Brussels | 349 m² | - | - |
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, comparable size
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GALERIE BLANCHE
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,647 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
Founded28-09-1990
Fiscal year end31-07
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.