Active BE 0466.517.441Public limited company

L.K. & Co

Lange Steenstraat(Kor) 24 ·8500 Kortrijk, Belgium· 27 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

L.K. & Co is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €637k and a net result of €84k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 2328 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€637k
Net result	€84k
Better than sector	22%
Active	27 yrs

Financial profile 4 of 5 axes measured · computed by Checked

69 / 100

Strong profile, led by stability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 66

Solvency 31

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1999, 27 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview26 NBB filings

Annual accounts filed on 25-08-2026 with the NBB · fiscal year 2025 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~8.1%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	27.5%	61.4%	better than 22% of 2328 sector peers
Net result	€84k	€102k	better than 47% of 2329 sector peers
Equity	€637k	€5.06M	better than 20% of 2328 sector peers
Gross operating margin	€109k	€72k	better than 56% of 1041 sector peers
Total assets	€2.32M	€11.12M	better than 23% of 2330 sector peers

Net profit

€84k

+175.0% 21-25

Total assets

€2.32M

+6.9% 21-25

Equity

€637k

+24.1% 21-25

Debt

€1.68M

+1.5% 21-25

Debt ≤ 1y

€1.68M

+1.5% 21-25

Solvency

27.5%

+16.1% 21-25

ROE

13.1%

+121.6% 21-25

ROA

3.6%

+157.3% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	full schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€84k	€30k	€43k	€-26k	€-27k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	-	-	-	-	-
Dividends	-	-	-	-	-
Total assets	€2.32M	€2.17M	€2.12M	€2.05M	€2.05M
Equity	€637k	€513k	€483k	€440k	€466k
Debt	€1.68M	€1.66M	€1.63M	€1.61M	€1.58M
of which ≤ 1y	€1.68M	€1.66M	€1.63M	€1.61M	€1.58M
of which > 1y	-	-	-	-	-
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-	-

Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	27.5%	23.6%	22.8%	21.5%	22.8%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	3.6%	1.4%	2.0%	-1.3%	-1.3%
ROE	13.1%	5.9%	8.9%	-5.9%	-5.8%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €2.05M · 88.2% Current assets €274k · 11.8%

Equity & liabilities

Equity €637k · 27.5% Debt €1.68M · 72.5%

Full annual accounts (19 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.32M	€2.17M	€2.12M	€2.05M	€2.05M
Fixed assets	21/28	€2.05M	€2.05M	€2.05M	€2.05M	€2.05M
Financial fixed assets	28	€2.05M	€2.05M	€2.05M	€2.05M	€2.05M
Current assets	29/58	€274k	€126k	€71k	€556	€466
Amounts receivable within one year	40/41	€274k	€124k	€70k	€73	€434
Cash & bank	54/58	€497	€2k	€638	€484	€32
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.32M	€2.17M	€2.12M	€2.05M	€2.05M
Equity	10/15	€637k	€513k	€483k	€440k	€466k
Contributions / capital	10/11	€310k	€310k	€310k	€310k	€310k
Reserves	13	€327k	€203k	€173k	€130k	€156k
Amounts payable	17/49	€1.68M	€1.66M	€1.63M	€1.61M	€1.58M
Amounts payable within one year	42/48	€1.68M	€1.66M	€1.63M	€1.61M	€1.58M
Trade debts payable within one year	44	€434	-	-	-	-
Income statement
Gross operating margin	9900	€109k	€57k	€67k	€-2k	€-3k
Operating result	9901	€108k	€55k	€67k	€-2k	€-4k
Financial charges	65	€25k	€25k	€24k	€24k	€23k
Result before taxes	9903	€84k	€30k	€43k	€-26k	€-27k
Net result for the period	9904	€84k	€30k	€43k	€-26k	€-27k
Result to be appropriated	9905	€84k	€30k	€43k	€-26k	€-27k

Directors & mandates 2 directors

Current directors & mandates

B-20Private limited company
Director
State Gazette act 24454167 (23-12-2024)

Current
23-12-2024 → present
2 events
- 23-12-2024 Appointed· Director
- 23-12-2024 Appointed· Chair
L-24Private limited company
Director
State Gazette act 24454167 (23-12-2024)

Current
23-12-2024 → present
2 events
- 23-12-2024 Appointed· Director
- 23-12-2024 Appointed· Managing director

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Public limited company(014)
Incorporation	12-07-1999
Status	Active
Postal code	8500

Establishment units 1 location

Lange Steenstraat(Kor) 24, 8500 Kortrijk

Insurance, reinsurance and pension funding, except compulsory social security

since 19992.099.232.527

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34353H1500/00M000 ProtectedMonumentNeoclassicistisch herenhuisSource ↗	Flanders	1,165 m²	1 · 1,011 m²	14.7 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

25-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 25 days late

2025

31-12

Financial Highest result since 2021net €84k ▲175%

Operating result €108k, net result €84k, both a record.

14-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Equity above €500kEq €513k ▲6.3%

2 profitable years in a row build equity to €513k.

23-12

State Gazette act Director changes

Arne De Geeter

27-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 27 days late

2023

31-12

Financial Back to profitnet €43k

Net result €43k after 2 loss-making years.

10-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

26-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

28-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 120 days late

2019

20-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

18-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

14-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2024

23-12-2024 4 directors appointed Director changes·Arne De Geeter

B-20, Bestuurder
L-24, Bestuurder
B-20, Voorzitter
L-24, Gedelegeerd bestuurder

Notary: Arne De Geeter · Kortrijk

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies6421074151

Names & trade names

Legal nameNL

L.K. & Co

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