De Letterbek
ActiveSummary
De Letterbek has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €19k. Equity is growing by ~39.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 3480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+9
Solvency65▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 2.25 in 2024; short-term debt: 15.1% and cash: 12.4% of total assets), and 60% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40%
Return on assets
8.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
14 d early
2023
18 d early
2022
26 d early
2021
25 d early
2020
14 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€85k▲ 27.7%
2024 · €67k
2018: €-6k
2019: €5k
2020: €16k
2021: €25k
2022: €36k
2023: €50k
2024: €67k
2018 → 2025
Total assets
€213k▼ 15.7%
2024 · €253k
2018: €325k
2019: €310k
2020: €304k
2021: €285k
2022: €266k
2023: €259k
2024: €253k
2018 → 2025
Net result
€19k▲ 10.5%
2024 · €17k
2018: €6k
2019: €11k
2020: €11k
2021: €9k
2022: €11k
2023: €14k
2024: €17k
2018 → 2025
Working capital
€10k▼ 72.1%
2024 · €36k
2018: €5k
2019: €18k
2020: €29k
2021: €23k
2022: €17k
2023: €24k
2024: €36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€36k▲ 41.9%€50k▲ 40.0%€67k▲ 33.5%€85k▲ 27.7%
Operating result€22k-€25k▲ 12.0%€30k▲ 18.8%€32k▲ 9.6%€31k▼ 3.1%
Net result€9k-€11k▲ 15.6%€14k▲ 35.4%€17k▲ 17.0%€19k▲ 10.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213k
Fixed assets
€171k ▼ 9.0%
Current assets
€42k ▼ 35.0%
Equity and liabilities €213k
Equity
€85k ▲ 27.7%
Debt
€128k ▼ 31.3%
Debt's share of the balance-sheet total falls from 73.6% to 60.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▼
2024 · €49k
Cash flow
€35k▲
2024 · €34k
Current ratio
1.31▼
2024 · 2.25
Debt to equity
1.50▼
2024 · 2.78
ROE
21.7%▼
2024 · 25.1%
ROA
8.7%▲
2024 · 6.6%
Interest coverage
7.07▲
2024 · 5.28
Debt ≤ 1 year
€32k▲
2024 · €29k
Debt > 1 year
€96k▼
2024 · €155k
Income taxes
€6k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€253k€213k▼
Fixed assets21/28€188k€171k▼
Tangible fixed assets22/27€188k€171k▼
Land and buildings22€188k€171k▼
Plant, machinery and equipment23€367€122▼
Current assets29/58€65k€42k▼
Amounts receivable within one year40/41€46k€15k▼
Trade receivables40€13k€15k▲
Other amounts receivable41€32k€8▼
Cash at bank and in hand54/58€17k€26k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€253k€213k▼
Equity10/15€67k€85k▲
Contributions10/11€12k€12k=
Reserves13€53k€53k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€51k€51k=
Profit (loss) carried forward14€2k€20k▲
Amounts payable17/49€186k€128k▼
Amounts payable after more than one year17€155k€96k▼
Financial debts170/4€155k€96k▼
Amounts payable within one year42/48€29k€32k▲
Current portion of amounts payable after more than one year42€23k€24k▲
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€136€72▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k=
Other operating charges640/8€3k€3k▲
Gross operating margin9900€52k€51k▼
Operating profit (loss)9901€32k€31k▼
Financial income75/76B€2k€377▼
Recurring financial income75€2k€377▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€25k€25k▲
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€17k€19k▲
Profit (loss) for the period to be appropriated9905€17k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€20k▲
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€17k€0▼
To other reserves6921€17k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €19k ▲10.5%
Net result €19k, the highest in the series.
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herzele · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Peperstraat 249550 HerzeleGround area
542 m²
Building footprint
473 m²
Volume, LiDAR
2,268 m³
Parcel 41027A0934/00P000, Flanders · tallest building 13.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Peperstraat 24, 9550 Herzele
since 20102.191.368.273
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41027A0934/00P000 | Flanders | 542 m² | 1 · 473 m² | 13.3 m · 1 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
Studio PSG
BE 0501.814.355
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Studio A.D.R.
BE 0407.028.529
Havelange · Eq €84k
NEVERMORE
BE 0752.866.884
Temse · Eq €87k
Foto Lijo
BE 0651.904.039
Mol · Eq €88k
Fris Visuals
BE 1002.651.584
Stekene · Eq €90k
Of 982 companies in sector 74209 we hold annual accounts for 143. 109 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2010
Fiscal year end30-09
Activities, NACEBEL 2025
74209Other photographic activities
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.