Equity
€168,834 from €2.4m in 2022
Equity fell by 93% in 3 years.
DRUKKERIJ LELEU
Lifetime
19 annual accounts with figures on one time axis, 39 filings since 1987peak €2.6m (2022)
-not published
lowest -€307,237 (2025)
-€307,237▼ €435,548
peak €2.4m (2022)
€168,834▼ 92.9%
€7.7m▲ 31.3%
peak 30 FTE (2013)
15.6 FTE▼ 3.7%
Board2 names since 2019
-
Owners2 names in the annual accounts
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Loss of €307,2371 director resigning 26-09Dividend €1.9mEquity from €2.4m to €168,834Debts from €5.8m to €7.7mCash from €157,398 to €48,671
Key points
from the 2025 annual accountsDebts
€7.7m 98% of the balance sheet
Financial debts 2%Suppliers 65%Taxes and wages 6%Other 27%
Of this, €7.5m falls due within a year.
Staff
15.6 FTE from 30 in 2013
Between 2013 and 2025, 48% of the full-time equivalents disappeared.
Payment terms
183 days to suppliers
DRUKKERIJ LELEU pays its suppliers 18 days earlier than in 2024. Customers pay 9 days later.
Filings
39 annual accounts since 1987
Four of the last ten came late. The 2016 accounts came latest: 57 days after the end of the period.
Position in the sector
2.2%
Lower solvency than 90% of companies in printing. Sector median 46.7% · 206 companies.
Checked score
61
Healthy
Financially stronger than 14% of small companies in printing (NACE 18)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 136 companies (NACE 18, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 2.0%▲ +0.6 percentage points vs 12-2024highest value
02-2025: 2.0%● unchanged vs 01-2025highest value
03-2025: 2.0%● unchanged vs 02-2025highest value
04-2025: 1.8%▼ -0.2 percentage points vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.8%● unchanged vs 05-2025
07-2025: 0.4%▼ -1.4 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026lowest value
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 1.5%▲ +1.1 percentage points vs 05-2026
07-2026: 1.5%● unchanged vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €168,834 (2.2% of total assets)
Liquidity: current ratio 1.02, cash €48,671, halved
Size: turnover €11.0m, 15.6 FTE, total assets €7.8m
Sector: Printing and reproduction of recorded media (NACE 18)
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 18, small). It does better than 7% of them on solvency, 2% on liquidity, 12% on profitability and 33% 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 low class on 30-06-2025, 0.8% 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, 1,104 companies had the same profile as DRUKKERIJ LELEU has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DRUKKERIJ LELEU itself: 1.5% 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 1,104 companies, not a prediction for DRUKKERIJ LELEU. 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
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (1.43 in 2024), below the usual 1.5. Short-term debt is 95.7% and cash 0.6% of total assets. 97.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 206 sector peers (2025).
NBB · sector comparisonPosition among 206 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
41 days early
2023
62 days early
2022
59 days early
2021
34 days early
2020
81 days early
2019
45 days late
← 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 38 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% 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 20 June (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
last known boardAB
Aprilis BV
Director, until 2025
- Leleu Document Services 100%equity €395,189 (2025) · annual accounts 2024
Recent changes
Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Amandine Desmedt · General meeting of 02-05-2026 · Gazette deed
1 director resigning
Aprilis BV · Permanent representatives: Tom Van Acker and Koen De Brabander · General meeting of 25-08-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0429709208
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Ellen Lombaerts · General meeting of 06-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DRUKKERIJ LELEU Merchtem | €11.0m | -2.8% | 2.2% | 15.6 |
| REMY-ROTO Beauraing | €15.0m | -8.9% | 47.8% | 37.4 |
| IPM Petite Ile Etterbeek | €2.9m | -95.3% | 59.0% | 19.6 |
| Grenz-Echo Eupen | €6.1m | -1.8% | 21.7% | 34.9 |
| DRUKKERIJ GYSEMBERG Maasmechelen | €5.0m | 6.9% | 48.5% | 17.5 |
| Drukkerij Van Lijsebetten Sint-Niklaas | €22.2m | 10.8% | 86.3% | 30.6 |
| DRUKKERIJ ARIJS Kluisbergen | - | - | 12.1% | 17.6 |
Grey: the largest companies of the sector (printing (NACE 18)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as DRUKKERIJ LELEU: printing and reproduction of recorded media (NACE 18110). They are comparable in size and age: total assets between €2.5m and €24m, founded between 1968 and 1988.
Official details
Source: KBO- Status
- Active since 29-10-1986Normal situation
- Activity
- Printing and reproduction of recorded mediaNACE 18110and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 130Printing, graphic arts and newspapers · annual accounts 2024
- Establishment unit
- 2.034.514.1271785 Merchtem, since 18-11-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 01-08-2025
Annual accounts 2025
- €7.8m▼ 4.6%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Companies linked to DRUKKERIJ LELEU
Parent and group
Insights on DRUKKERIJ LELEU
Solvency fell in 2025 from 28.9% to 2.2% because of the loss.
Leleu Document Services 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 DRUKKERIJ LELEU
- What is the company number of DRUKKERIJ LELEU?
- The company number of DRUKKERIJ LELEU is 0429.709.208. The VAT number is the same number with BE in front: BE 0429.709.208.
- Where is DRUKKERIJ LELEU based?
- The registered office is at Dorpstraat 85, 1785 Merchtem.Company details
- What does DRUKKERIJ LELEU do?
- According to the KBO register, the main activity is printing and reproduction of recorded media (NACE 18110).
- What is the legal form of DRUKKERIJ LELEU?
- DRUKKERIJ LELEU is a public limited company (NV).
- When was DRUKKERIJ LELEU founded?
- DRUKKERIJ LELEU was founded on 29-10-1986.
- Is DRUKKERIJ LELEU still active?
- Yes, DRUKKERIJ LELEU is an active enterprise in the KBO register.
- How many employees does DRUKKERIJ LELEU have?
- DRUKKERIJ LELEU had an average of 15.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DRUKKERIJ LELEU fall under?
- In its 2024 annual accounts, DRUKKERIJ LELEU states joint committees 200 (Auxiliary committee for white-collar workers) and 130 (Printing, graphic arts and newspapers).
- What is the turnover of DRUKKERIJ LELEU?
- The turnover of DRUKKERIJ LELEU was €11.0m in financial year 2025, according to the filed annual accounts.
- Is DRUKKERIJ LELEU profitable?
- In financial year 2025, DRUKKERIJ LELEU made a loss of €307,237.
- Where can I find the annual accounts of DRUKKERIJ LELEU?
- DRUKKERIJ LELEU filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DRUKKERIJ LELEU due?
- DRUKKERIJ LELEU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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