DE LEEWE II
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2024.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€23k
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 10-06-2025, 222 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2024
222 d late
2023
36 d early
2022
70 d early
2021
62 d early
2020
61 d early
2019
58 d early
2018
72 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€2.21M
EBIT margin
5.1%
Net result
€-23k▲ 46.9%
2023 · €-44k
2018: €-76k
2019: €65k
2020: €-78k
2021: €-16k
2022: €-21k
2023: €-44k
2018 → 2024
Working capital
€156k▼ 8.0%
2023 · €170k
2018: €257k
2019: €322k
2020: €244k
2021: €228k
2022: €211k
2023: €170k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€244k-€228k▼ 6.7%€207k▼ 9.4%€163k▼ 21.1%€140k▼ 14.2%
Operating result€-77k-€-16k▲ 79.6%€-17k▼ 7.2%€-17k▼ 3.9%€-14k▲ 20.7%
Net result€-78k-€-16k▲ 79.1%€-21k▼ 31.8%€-44k▼ 104%€-23k▲ 46.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2024 against €17k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.04M
Equity
€140k▼ 14.2%
Debt
€905k▲ 1.6%
The debt ratio rises from 84.5% to 86.6%: debt grows while equity shrinks.
Key figures and ratios
Solvency
13.4%▼
2023 · 15.5%
Current ratio
1.18▼
2023 · 1.19
Quick ratio
0.06▼
2023 · 0.07
Debt / equity
6.48▲
2023 · 5.47
ROE
-16.6%▲
2023 · -26.8%
ROA
-2.2%▲
2023 · -4.1%
Debt
€905k▲
2023 · €891k
Debt ≤ 1 year
€888k▲
2023 · €884k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.05M€1.04M▼
Current assets29/58€1.05M€1.04M▼
Stocks and contracts in progress3€993k€993k=
Stocks30/36€658k€658k=
Property held for sale35€658k€658k=
Contracts in progress37€334k€334k=
Amounts receivable within one year40/41€11k€10k▼
Other amounts receivable41€11k€10k▼
Current investments50/53€40k€31k▼
Other investments51/53€40k€31k▼
Cash at bank and in hand54/58€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.04M▼
Equity10/15€163k€140k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€101k€78k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€95k€72k▼
Amounts payable17/49€891k€905k▲
Amounts payable within one year42/48€884k€888k▲
Trade debts44€8k€13k▲
Suppliers440/4€8k€13k▲
Other amounts payable47/48€876k€876k=
Accrued charges and deferred income492/3€7k€16k▲
Income statement
Code20232024
Operating income70/76A€7k-
Change in stocks of work in progress, finished goods and contracts in progress71€7k-
Operating charges60/66A€25k€14k▼
Services and other goods61€23k€13k▼
Other operating charges640/8€1k€727▼
Operating profit (loss)9901€-17k€-14k▲
Financial income75/76B€2k€339▼
Recurring financial income75€2k€339▼
Income from current assets751€2k€339▼
Financial charges65/66B€28k€10k▼
Recurring financial charges65€28k€10k▼
Debt charges650€28k€10k▼
Other financial charges652/9€246€67▼
Profit (loss) for the period before taxes9903€-44k€-23k▲
Profit (loss) for the period9904€-44k€-23k▲
Profit (loss) for the period to be appropriated9905€-44k€-23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-23k▲
Transfer from equity791/2€44k€23k▼
From reserves792€44k€23k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 222 days late
2024
26-09
State Gazette act
Board meeting · Merger
Accounting effect · Tim CARNEWAL
26-09
State Gazette act
Board meeting · Merger
Accounting effect
04-07
State Gazette act
Merger · Accounting effect
Corporate purpose · Real estate
04-07
State Gazette act
Merger · Accounting effect
Real estate
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-78k ▼220%
Net result drops to €-78k, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2004
27-09
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared director
→
Ownership & control
1 partyDE LEEWE IIBE 0476.491.021
controls
Where this company holds controlthis company sits on their board1
1 location
Acquisitions and mergers
1 transactionTaken over by:Nationale Maatschappij der Belgische Spoorwegen