Equity
-€88,361
Debts exceed assets in financial year 2025.
GROUP LET
Lifetime
5 annual accounts with figures on one time axispeak €135,552 (2024)
€30,639▼ 77.4%
lowest -€152,650 (2021)
-€84,813▼ €45,599
peak €80,764 (2022)
-€88,361▼ €80,180
€139,800▼ 38.4%
Board1 name since 2020
Documentsfilings and deeds
23-09-202654 days late
2025micro format
Gross margin from €135,552 to €30,639Loss of €84,813Registered office moved from Uccle to Ixelles 14-08Equity from -€8,181 to -€88,361Debts from €226,916 to €139,800Cash from €74,505 to €915
Key points
from the 2025 annual accountsLosses
-€173,757 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Turnover
≈ €160,000 estimated
The micro format states no turnover.
Debts
€139,800 272% of the balance sheet
Suppliers 14%Taxes and wages 2%Other 84%
Filings
5 annual accounts 4 late
The 2024 accounts came latest: 61 days after the end of the period.
Position in the sector
-€84,813
Lower net result than 95% of companies in food and beverage service. Sector median €4,882 · 17,121 companies.
Checked score
28
Weak
Financially stronger than 5% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
11.3% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.6%● unchanged vs 12-2024lowest value
02-2025: 2.6%● unchanged vs 01-2025lowest value
03-2025: 2.6%● unchanged vs 02-2025lowest value
04-2025: 2.9%▲ +0.3 percentage points vs 03-2025
05-2025: 3.0%▲ +0.1 percentage points vs 04-2025
06-2025: 3.1%▲ +0.1 percentage points vs 05-2025
07-2025: 3.2%▲ +0.1 percentage points vs 06-2025
08-2025: 4.0%▲ +0.8 percentage points vs 07-2025
09-2025: 6.4%▲ +2.4 percentage points vs 08-2025
10-2025: 6.3%▼ -0.1 percentage points vs 09-2025
11-2025: 6.3%● unchanged vs 10-2025
12-2025: 6.3%● unchanged vs 11-2025
01-2026: 6.3%● unchanged vs 12-2025
02-2026: 6.3%● unchanged vs 01-2026
03-2026: 6.3%● unchanged vs 02-2026
04-2026: 6.5%▲ +0.2 percentage points vs 03-2026
05-2026: 6.8%▲ +0.3 percentage points vs 04-2026
06-2026: 6.7%▼ -0.1 percentage points vs 05-2026
07-2026: 6.7%● unchanged vs 06-2026
08-2026: 7.8%▲ +1.1 percentage points vs 07-2026
09-2026: 8.5%▲ +0.7 percentage points vs 08-2026
10-2026: 11.3%▲ +2.8 percentage points vs 09-2026highest value
11-2026: 11.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Last filed accounts filed 54 days late; 2 of the last 3 accounts late
1 change of registered office in 24 months
Negative equity -€88,361
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 56, micro). It does better than 9% of them on solvency, 4% on liquidity, 8% on profitability and 1% on growth.
The bankruptcy probability was computed on 07-11-2026 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 high class on 30-06-2025, 14.6% 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, 6,008 companies had the same profile as GROUP LET has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GROUP LET itself is higher: 11.3% within 12 months. It rests on far more data about GROUP LET than the profile alone.
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 6,008 companies, not a prediction for GROUP LET. 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 insufficient, with a current ratio of 0.37 (0.6 in 2024), below 1. Short-term debt is 271.8% and cash 1.8% of total assets. 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
2122232425
2021 to 2025 · latest year -€88,361
raises risk · 2025 accounts filed 54 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 5 filingsDeviation from the deadline
2025
54 days late
2024
61 days late
2023
29 days late
2022
3 days early
2021
18 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 32 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 30 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Baron van der BRUGGEN Mathieu Philippe Gwendoline Marie Ghislain 1,500 sharesdeed of 18-06-2020
Recent changes
Registered office moved from Uccle to Ixelles
New registered office: rue Armand Campenhout, 86-1050 Ixelles · Previous registered office: CHAUSSEE DE SAINT-JOB, 666-1180 UCCLE · General meeting of 31-05-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0748611554
Share issue
Issue of 474 shares · General meeting of 30-09-2020 · Gazette deed
Incorporation
Founding capital of €150,000, 1,500 shares · Founder: Baron van der BRUGGEN Mathieu Philippe Gwendoline Marie Ghislain · Appointment: Baron van der BRUGGEN Mathieu Philippe Gwendoline Marie Ghislain (director) · published on 18-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GROUP LET Ixelles | €51,439 | €30,639 | -171.8% | - |
| HAIGIANG Ixelles | €49,312 | €37,184 | 78.9% | - |
| SINYAR Saint-Josse-ten-Noode | €54,257 | €27,504 | 36.2% | - |
| AME DELICE Brussels | €51,045 | €36,133 | 71.5% | - |
| TANDI Namur | €49,541 | €30,338 | 54.2% | - |
| Broodjeszaak Cactus Lokeren | €55,587 | €31,742 | 49.0% | - |
| KARAMAN Gavere | €53,968 | €35,572 | 65.8% | - |
These companies have the same main activity as GROUP LET: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €49,300 and €55,600, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 16-06-2020Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Joint committee
- 302Hotels and catering · annual accounts 2021
- Establishment unit
- 2.303.929.3501180 Uccle, since 16-06-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 16-06-2025
Insights on GROUP LET
GROUP LET files the micro format. That format states no turnover. The gross margin rose from -€74,747 in 2021 to €30,639 in 2025.
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 GROUP LET
- What is the company number of GROUP LET?
- The company number of GROUP LET is 0748.611.554. The VAT number is the same number with BE in front: BE 0748.611.554.
- Where is GROUP LET based?
- The registered office is at Armand Campenhoutstraat 86, 1050 Ixelles.Company details
- What does GROUP LET do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of GROUP LET?
- GROUP LET is a private limited company (BV).
- When was GROUP LET founded?
- GROUP LET was founded on 16-06-2020.
- Is GROUP LET still active?
- Yes, GROUP LET is an active enterprise in the KBO register.
- How many employees does GROUP LET have?
- GROUP LET had an average of 1.7 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- Which joint committee does GROUP LET fall under?
- In its 2021 annual accounts, GROUP LET states joint committee 302 (Hotels and catering).
- What is the turnover of GROUP LET?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €30,639 and 67 comparable companies (NACE 56112). It probably lies between €130,000 and €220,000.
- Is GROUP LET profitable?
- In financial year 2025, GROUP LET made a loss of €84,813.
- Where can I find the annual accounts of GROUP LET?
- GROUP LET filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GROUP LET due?
- GROUP LET must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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