Financials
- Fiscal year
- 2025
- Turnover
- €46.5m
- Loss
- -€4.5m
- Solvency
- 3.8%
Turnover▲ 9.6%
Net result
20182025
LEBRUN - NIMY
ActiveSummary
The computed 12-month bankruptcy probability of LEBRUN - NIMY is 1.6% (moderate). The annual accounts of LEBRUN - NIMY for fiscal year 2025 show a net loss of 78% of the equity at the start of that year. The 2025 annual accounts show equity of €1.2m and a net result of -€4.5m. Equity is shrinking by ~15.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 9% of 360 sector peers (fiscal year 2025). The company has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28250NACE 29230
#2 employer in Hainaut, Machinery and equipment sector1 site
Size
€46.5mturnover 2025
- Staff
- 188.8 FTE
- Equity
- €1.2m
- Loss
- -€4.5m
Structure
- Parent
- ALVEST HOLDING
- Board
- 4 members
Auditor: Forvis Mazars Réviseurs d’EntreprisesAccounts 51 d early
Why 53- Loss of €4.5m, the second in a row (FY 2025)- Equity €1.2m (3.8% of total assets)- Sector Manufacture of machinery and equipment not elsewhere classified (NACE 28)- Liquidity: current ratio 1.23, cash €1.8mShow the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 16% of its sector peers (NACE 28, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
29-13
equity 3.8% of total assets
Liquidity
17-12
short-term debt 73.9% · cash 5.6%
Profitability
1-23
return on assets -14.2%
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● 0.0% vs 11-2024
01-2025: 0.2%● 0.0% vs 12-2024
02-2025: 0.2%▼ -4.1% vs 01-2025
03-2025: 0.2%● 0.0% vs 02-2025
04-2025: 0.2%▼ -1.6% vs 03-2025lowest value
05-2025: 0.2%▲ +1.6% vs 04-2025
06-2025: 0.3%▲ +57.7% vs 05-2025
07-2025: 0.3%● 0.0% vs 06-2025
08-2025: 0.3%● 0.0% vs 07-2025
09-2025: 0.3%● 0.0% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%● 0.0% vs 12-2025
02-2026: 0.3%▼ -4.0% vs 01-2026
03-2026: 0.3%● 0.0% vs 02-2026
04-2026: 0.3%▲ +2.1% vs 03-2026
05-2026: 0.3%▲ +1.4% vs 04-2026
06-2026: 0.3%▲ +1.4% vs 05-2026
07-2026: 1.6%▲ +444% vs 06-2026highest value
08-2026: 1.6%● 0.0% vs 07-2026highest value
09-2026: 1.6%● 0.0% vs 08-2026highest value
10-2026: 1.6%● 0.0% vs 09-2026highest value
- Loss of €4.5m, the second in a row (FY 2025) raises the probability
- Equity €1.2m (3.8% of total assets) raises the probability
- Sector Manufacture of machinery and equipment not elsewhere classified (NACE 28) raises the probability
- Liquidity: current ratio 1.23, cash €1.8m raises the probability
Credit up to €60,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.23 against 1.44 in 2024; short-term debt: 73.9% and cash: 5.6% of total assets), and 96.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 28, medium-sized). Better than this share of them on solvency 6%, liquidity 12%, profitability 7%, growth against the median 38%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4.5m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 360 sector peers (2025).
NBB · sector comparisonPosition among 360 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
69 d early
2023
77 d early
2022
52 d early
2021
40 d early
2020
43 d early
2019
10 d late
← 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 46 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
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. Usually files around 9 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- End & cessation · MiscellaneousTransfer of a branch of…
- MiscellaneousBoard composition · Transfer of…
- Resignation: Nicolas VERIN (director)Appointment: François Chaignon (director) ·…
Key points
- Caution: Result fell in 2025from -€671,452 to -€4.5m ▼ 567% View
- Caution: Among the weakest 5% on net resultsector median €136,558 · 360 companies -€4.5m View
- Controlled by ALVEST HOLDING parent View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€4.5m View
- Board changedlatest change 11-06-2026 · 4 in office 1 joined · 1 left View
- Positive: Always filed on timeaccounts within the deadline every year 6 years View
- Active since 1980founded 12-01-1980 46 years View
By topic
Board & ownership
- Board
- 4 members
- Parent
- ALVEST HOLDING
- Auditor
- Forvis Mazars Réviseurs d’Entreprises
Go to Board & ownership
Network & group
- Mergers and contributions
- 1
Timeline
- Events
- 33
- Since
- 2004
- Next accounts
- by 31-07-2027
- 08-09-2026End & cessation · Miscellaneous
- 16-07-2026Miscellaneous
- 11-06-2026Resignation: Nicolas VERIN (director)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28250
- Founded
- 12-01-1980
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 4
- Purpose
- La conception,la fabrication,la vente,l'installation,la…
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