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GROUP LET

Active
Private limited companyfounded 20206 yrs activeArmand Campenhoutstraat 86, 1050 Elsene, BelgiumKBO/BCE: BE 0748.611.554
Summary

The computed 12-month bankruptcy probability of GROUP LET is 10.3% (high). The 2024 annual accounts show negative equity (€-8k) and a net result of €-39k. Equity is shrinking by ~61.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 18941 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
17 / 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency21▼-20
Growth58=
Track record100
Bankruptcy probability, 12 months
10.3% High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.54 in 2023; short-term debt: 102.1% and cash: 34.1% of total assets), and equity is negative.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
+raises riskneutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-3.7%
Return on assets
-17.9%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year €-8k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
29 d late
2022
3 d early
2021
18 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity
€-8k
2023 · €31k
2021: €80k 2022: €81k 2023: €31k
2021 → 2024
Total assets
€219k▲ 13.1%
2023 · €193k
2021: €221k 2022: €251k 2023: €193k
2021 → 2024
Net result
€-39k▲ 21.1%
2023 · €-50k
2021: €-153k 2022: €914 2023: €-50k
2021 → 2024
Working capital
€-89k▼ 21.0%
2023 · €-73k
2021: €-56k 2022: €-34k 2023: €-73k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line2021202220232024Trend
Equity€80k-€81k▲ 1.1%€31k▼ 61.6%€-8k
Operating result€-148k-€9k€-45k€-32k▲ 29.3%
Net result€-153k-€914€-50k€-39k▲ 21.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-200k€-150k€-100k€-50k€0Operating result 2021: €-148k€-148kNet result 2021: €-153k€-153kOperating result 2022: €9k€9kNet result 2022: €914€914Operating result 2023: €-45k€-45kNet result 2023: €-50k€-50kOperating result 2024: €-32k€-32kNet result 2024: €-39k€-39k2021202220232024€-60k€-40k€-20k€0Operating result 2022: €9k€8.6kNet result 2022: €914€914Operating result 2023: €-45k€-45kNet result 2023: €-50k€-50kOperating result 2024: €-32k€-32kNet result 2024: €-39k€-39k202220232024
The operating result stays negative: a loss of €32k in 2024 against €45k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144k
Fixed assets €10k ▼ 51.5%
Current assets €135k ▲ 57.5%
Key figures and ratios
2024 value · change against 2023
EBITDA
€-8k
2023 · €-21k
Cash flow
€-15k
2023 · €-26k
Solvency
-3.7%
2023 · 16.0%
Current ratio
0.60
2023 · 0.54
Quick ratio
0.52
2023 · 0.42
Debt to equity
-27.74
2023 · 5.23
ROA
-17.9%
2023 · -25.7%
Interest coverage
-1.05
2023 · -4.32
Debt
€227k
2023 · €162k
Debt ≤ 1 year
€223k
2023 · €159k
Debt > 1 year
€4k=
2023 · €4k
Income taxes
€25
Staff costs
€141k
2023 · €78k
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 · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€193k€219k
Formation expenses20€88k€74k
Fixed assets21/28€20k€10k
Tangible fixed assets22/27€20k€10k
Plant, machinery and equipment23€8k€3k
Furniture and vehicles24€9k€4k
Other tangible fixed assets26€3k€2k
Current assets29/58€86k€135k
Stocks and contracts in progress3€20k€19k
Stocks30/36€20k€19k
Amounts receivable within one year40/41€3k€36k
Trade receivables40€2k€35k
Other amounts receivable41€154€1k
Cash at bank and in hand54/58€57k€75k
Deferred charges and accrued income490/1€6k€5k
Equity and liabilities
Total equity and liabilities10/49€193k€219k
Equity10/15€31k€-8k
Contributions10/11€233k€232k=
Profit (loss) carried forward14€-201k€-241k
Amounts payable17/49€162k€227k
Amounts payable after more than one year17€4k€4k=
Financial debts170/4€4k€4k=
Amounts payable within one year42/48€159k€223k
Financial debts43€6k-
Credit institutions430/8€6k-
Trade debts44€51k€58k
Suppliers440/4€51k€58k
Advances received on contracts in progress46€19k€10k
Taxes, remuneration and social security45€21k€40k
Taxes450/3€7k€17k
Remuneration and social security454/9€14k€23k
Other amounts payable47/48€61k€115k
Income statement Code20232024
Remuneration, social security and pensions62€78k€141k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€24k=
Other operating charges640/8€455€3k
Gross operating margin9900€57k€136k
Operating profit (loss)9901€-45k€-32k
Financial charges65/66B€5k€7k
Recurring financial charges65€5k€7k
Profit (loss) for the period before taxes9903€-50k€-39k
Income taxes67/77-€25
Profit (loss) for the period9904€-50k€-39k
Profit (loss) for the period to be appropriated9905€-50k€-39k
Appropriation of the result
Profit (loss) to be appropriated9906€-201k€-241k
Profit (loss) brought forward from the previous period14P€-152k€-201k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €914
Net result €914 after one loss-making year.
18-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
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, Elsene · 1 establishment unit since 2020
establishment The establishment unit on the map
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.

Armand Campenhoutstraat 861050 Elsene
Ground area
235 m²
Building footprint
72 m²
Volume, LiDAR
701 m³
2 parcels, Brussels · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
L'enfant Terrible
Sint-Jobsesteenweg 666, 1180 UkkelLimited-service restaurants
since 20202.303.929.350
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0185/00H003 Brussels 126 m² 1 · 72 m² 13.8 m · 3 fl.
21612D0308/00M000 Brussels 109 m² - -
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Ukkel2.303.929.350
1 permission
Toelating · Eetgelegenheid · since 02-09-2020

Similar companies · same sector, comparable size

Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,401 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
Founded16-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries
Enterprise
E-mail:info@lenfant-terrible.com
Enterprise