Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Lano from Harelbeke, company number BE0405425356, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year Lano recorded revenue of € 95.2 million and equity of € 28.2 million. Compared with financial year 2024, the result moved from € 2.3 million to € 1.6 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 21, 2026.
€ 28.2 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 5.7 million
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 24 million.
People and assets in 2025
359.8
▼ 8.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 19.6 million
▲ 1% vs 2024
€ 54,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3.3 million
▼ 26% vs 2024
Of which on lease € 3.2 million.
Debts at end 2025
€ 29.7 million
▲ 1% vs 2024
€ 3.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 12.2 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 67 days on average.
€ 3.9 million
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 103,414,812 | € 92,522,790 | € 95,326,620 | € 95,202,836 | |
| Profit after taxes | € 501,951 | € 545,060 | € 2,288,944 | € 1,637,780 | ▼ 28% |
| Equity | € 23,723,381 | € 24,268,441 | € 26,557,385 | € 28,195,165 | ▲ 6% |
| Total debts | € 52,007,087 | € 50,228,554 | € 53,823,900 | € 47,299,187 | ▼ 12% |
| Cash | € 8,557,282 | € 7,067,320 | € 4,246,796 | € 5,685,488 | ▲ 34% |
| Retained profit | € 19,484,767 | € 20,029,827 | € 22,318,771 | € 23,956,550 | ▲ 7% |
| Bank debt | € 27,203,545 | € 25,560,933 | € 29,395,851 | € 29,655,516 | ▲ 1% |
| Balance sheet total | € 75,730,468 | € 74,496,996 | € 80,381,285 | € 75,494,352 | ▼ 6% |
| Employees (FTE) | 391.6 | 374.2 | 368.3 | 359.8 | ▼ 8.5 |
Key figures of Lano, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Lano?
What happened at Lano in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ZENDICS BV stepped down as director. NBB
- L2D stepped down as director. NBB
- WHITEOUT VENTURES BV stepped down as director. NBB
- Edward Colle stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.6 million (▼ 28% vs 2024). Source: NBB ↗
- ASCENDIMUS CommV became a director. NBB
- WHITEOUT VENTURES BV became a director. NBB
- Luc Blommaert stepped down as director. NBB
In short
From € 501,951 profit in 2022 to € 1.6 million profit in 2025.
Paid € 841,982 in corporate taxes since 2022.
Best year ever: 2024, with € 2.3 million profit.
Pays suppliers within 67 days on average.
Management
Behind Lano is ASCENDIMUS CommV. The shares are held by L2D NV (100%). It owns 100% of Lano Sports and 100% of Exelgreen itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Olivier Decouttere
Also active at: IMDECO, LANO SPORTS
since 2025
since 2022 · until 2028
since 2025 · until 2025
Director · represented by Michael Finelli
Also active at: IMDECO, LANO SPORTS, L2D
since 2025 · until 2028
AENEAS MANAGEMENT CONSULTANTS FZCO
Director · represented by Luc Blommaert
Also active at: IMDECO, LANO SPORTS
since 2022 · until 2025
Director · represented by Willem De Vos
Also active at: CAMPINE, IMDECO, LANO SPORTS, GOVI PRODUCTION COMPANY, CAMPINE RECYCLING, L2D, PROTECTIVE PACKAGING SYSTEMS EUROPE
since 2022 · until 2028
Director · represented by Lode De Boe
Also active at: IMDECO, LANO SPORTS, L2D, STICOMAX
since 2022 · until 2025
since 2022 · until 2025
since 2024 · until 2028
Shareholders
100%
Participations
100%
Exelgreen
100%
Establishments
Establishment units
Physical locations of this company
Venetiëlaan 33
8530 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.425.356
- VAT number
- BE 0405.425.356
- Registered office
- Venetiëlaan 33, 8530 Harelbeke
- Names & denominations
- Lano
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 1947
- Peppol
- Active · Active since 3 Nov 2025
- Activities · NACE
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