Equity
-€2.4m
Debts exceed assets in financial year 2025.
LEIE CENTER
Lifetime
12 annual accounts with figures on one time axispeak €1.0m (2021)
-€95,530▼ €215,742
lowest -€1.4m (2024)
-€882,774▲ €508,437
peak €1.1m (2020)
-€2.4m▼ €882,774
€6.4m▼ 27.8%
peak 18.8 FTE (2020)
10.9 FTE▼ 39.4%
Board3 names since 2019
1 directorHOLLYS
Owners2 names in the annual accounts
100%HOLLYS
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €120,212 to -€95,530Loss of €882,774Staff from 18 FTE to 10.9 FTEEquity from -€1.5m to -€2.4mDebts from €8.9m to €6.4mCash from €236,618 to €77,276
Key points
from the 2025 annual accountsLosses
-€6.9m in twelve years
Every financial year from 2014 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€6.4m 159% of the balance sheet
Financial debts 4%Suppliers 6%Taxes and wages 1%Other 89%
Of this, €734,511 falls due within a year.
Staff
10.9 FTE from 18.8 in 2020
Between 2020 and 2025, 42% of the full-time equivalents disappeared.
Liquidity
4.85 was 2.53 in 2024
Short-term debts fell from €2.6m to €734,511.
Position in the sector
-€882,774
Lower net result than 95% of companies in retail trade. Sector median €27,487 · 12,827 companies.
2025 accounts filed 31 days after the deadlineTurnover not published (abbreviated format)
Checked score
46
Fair
Financially stronger than 17% of small companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.9%
01-2025: 3.9%● unchanged vs 12-2024
02-2025: 3.9%● unchanged vs 01-2025
03-2025: 4.0%▲ +0.1 percentage points vs 02-2025
04-2025: 4.0%● unchanged vs 03-2025
05-2025: 4.0%● unchanged vs 04-2025
06-2025: 4.1%▲ +0.1 percentage points vs 05-2025
07-2025: 4.3%▲ +0.2 percentage points vs 06-2025
08-2025: 4.3%● unchanged vs 07-2025
09-2025: 3.9%▼ -0.4 percentage points vs 08-2025lowest value
10-2025: 3.9%● unchanged vs 09-2025lowest value
11-2025: 3.9%● unchanged vs 10-2025lowest value
12-2025: 3.9%● unchanged vs 11-2025lowest value
01-2026: 3.9%● unchanged vs 12-2025lowest value
02-2026: 3.9%● unchanged vs 01-2026
03-2026: 4.0%▲ +0.1 percentage points vs 02-2026
04-2026: 4.0%● unchanged vs 03-2026
05-2026: 4.0%● unchanged vs 04-2026
06-2026: 4.2%▲ +0.2 percentage points vs 05-2026
07-2026: 4.3%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 4.2%▼ -0.1 percentage points vs 07-2026
09-2026: 4.1%▼ -0.1 percentage points vs 08-2026
10-2026: 4.1%● unchanged vs 09-2026
11-2026: 4.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€2.4m
Loss of €882,774, the second in a row (financial year 2025)
Liquidity: current ratio 4.85, cash €77,276, halved
Sector: Retail trade (NACE 47)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 2% of them on solvency, 57% on liquidity, 2% on profitability and 7% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 598 companies had the same profile as LEIE CENTER has now. Each dot stands for 2 companies, two years later.
83.3%
were still trading
6.0%
stopped another way
9.4%
went bankrupt
Another 1.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEIE CENTER itself: 4.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 598 companies, not a prediction for LEIE CENTER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 4.85 (2.53 in 2024), above the usual 1.5. Short-term debt is 18.2% and cash 1.9% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.4m
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
1 day early
2022
21 days late
2021
12 days late
2020
39 days early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HOLLYS 100%equity €10.8m (2025) · 2025 annual accounts of HOLLYS
- TRIANGLE TRADING 99.98%equity €21.8m (2022) · 2022 annual accounts of TRIANGLE TRADING
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0508917131
1 director appointed, 2 resignations
Resignations: Geert Vanneste and Laurent Vanneste · Appointment: BV HOLLYS (additional director) · Permanent representative: Laurent Vanneste · General meeting of 05-05-2023 · Gazette deed
Capital increase of €2,500,000
3,323 new shares · Gazette deed
Incorporation
published on 09-01-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEIE CENTER Kortrijk | - | - | -59.2% | 10.9 |
| FO Management Wavre | - | - | -151.1% | 8.8 |
| ABARTH-GMR Lier | - | - | 84.2% | 5.2 |
| Garage Teirlynck Waregem | €17.6m | 3.7% | 80.4% | 12.2 |
| GARAGE MOYAERT Kuurne | €13.6m | 4.9% | 69.0% | 13.6 |
| DECAIGNY Izegem | €19.5m | -1.3% | 52.3% | 16.7 |
| CarSupply Kuurne | - | - | 5.1% | - |
These companies have the same main activity as LEIE CENTER: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €1.6m and €7.6m, founded between 2005 and 2020.
Official details
Source: KBO- Status
- Active since 05-01-2013Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes)NACE 47811and 11 others
- Joint committees
- 112Garages
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.216.676.9598500 Kortrijk, since 05-01-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Annual accounts 2025
- €4.0m▼ 45.4%
- Employeeson 31-12-2025
- 9▼ 25.0%
- Filing
- Filed on 31-08-2026
Insights on LEIE CENTER
LEIE CENTER files the abbreviated format. That format states no turnover. The gross margin fell from €537,355 in 2017 to -€95,530 in 2025.
HOLLYS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LEIE CENTER
- What is the company number of LEIE CENTER?
- The company number of LEIE CENTER is 0508.917.131. The VAT number is the same number with BE in front: BE 0508.917.131.
- Where is LEIE CENTER based?
- The registered office is at Meensesteenweg 95, 8500 Kortrijk.Company details
- What does LEIE CENTER do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of LEIE CENTER?
- LEIE CENTER is a private limited company (BV).
- When was LEIE CENTER founded?
- LEIE CENTER was founded on 05-01-2013.
- Is LEIE CENTER still active?
- Yes, LEIE CENTER is an active enterprise in the KBO register.
- How many employees does LEIE CENTER have?
- LEIE CENTER had an average of 10.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LEIE CENTER fall under?
- In its 2025 annual accounts, LEIE CENTER states joint committees 112 (Garages) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of LEIE CENTER?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is LEIE CENTER profitable?
- In financial year 2025, LEIE CENTER made a loss of €882,774.
- Where can I find the annual accounts of LEIE CENTER?
- LEIE CENTER filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LEIE CENTER due?
- LEIE CENTER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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