Equity
L.E has made a profit in every financial year since 2022.
L.E has made a profit in every financial year since 2022.
The result fell in 2025 from €404,259 to €288,133.
The accounts state no turnover.
Of this, €1.7m falls due within a year.
Green is investment, beige is depreciation. Machinery stands 93.3% higher than in 2024.
In 2025, 7 people joined and 8 left.
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 55, micro). It does better than 34% of them on solvency, 11% on liquidity, 86% on profitability and 89% 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 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 2,153 companies had the same profile as L.E has now. Each dot stands for 6 companies, two years later.
The bankruptcy probability of L.E itself is higher: 3.6% within 12 months. It rests on far more data about L.E than the profile alone.
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 2,153 companies, not a prediction for L.E. 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.
Liquidity is insufficient, with a current ratio of 0.97 (0.92 in 2024), below 1. Short-term debt is 77.1% and cash 0.3% of total assets. 95.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 4 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| L.E Saint-Josse-ten-Noode | €2.2m | €585,570 | 4.7% | 6.4 |
| COMADAZA Uccle | €2.9m | €371,811 | -3.3% | 6.7 |
| ETAJE Ghent | €1.6m | €665,488 | 84.3% | 6.6 |
| Molen van Medael Plombières | €1.6m | €608,829 | 45.8% | 6.2 |
| DE TUILERIEËN HOTEL Bruges | €1.4m | €765,501 | 4.2% | 8 |
| 2MS Brussels | €1.2m | €698,899 | 68.0% | 6.9 |
| OPO HOTEL Brussels | €3.0m | €805,786 | 31.0% | 5.5 |
These companies have the same main activity as L.E: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €1.2m and €3m, founded between 2018 and 2022.
L.E has existed since 2021. In 2023 the gross margin rose from €318,001 to €682,583 and staff from 2.8 to 4.4 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.0m. Estimated: probably between €850,000 and €1.3m.
Higher than 26% of 517 companies in 2025.
Higher than 49% of 506 companies in 2025.
Higher than 91% of 515 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 7 people joined and 8 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
2.2m | 1.8m | 1.1m | 626,030 | |
21/28 |
565,401 | 472,630 | 287,627 | 224,030 | |
21 |
66,000 | 77,000 | 88,000 | 99,000 | |
22/27 |
499,401 | 395,630 | 199,627 | 125,030 | |
23 |
61,961 | 32,061 | 24,125 | 2,954 | |
24 |
23,628 | 7,387 | 10,536 | 11,002 | |
26 |
413,811 | 356,183 | 164,966 | 111,075 | |
29/58 |
1.7m | 1.3m | 793,242 | 401,999 | |
40/41 |
1.7m | 1.2m | 764,032 | 344,786 | |
40 |
381,855 | 192,298 | 56,346 | 154,933 | |
41 |
1.3m | 1.0m | 707,685 | 189,853 | |
54/58 |
7,463 | 63,881 | 18,199 | 53,737 | |
490/1 |
6,649 | 3,791 | 11,012 | 3,477 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
2.2m | 1.8m | 1.1m | 626,030 | |
10/15 |
105,553 | 67,420 | 63,161 | 54,221 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | |
14 |
85,553 | 47,420 | 43,161 | 34,221 | |
17/49 |
2.1m | 1.7m | 1.0m | 571,809 | |
42/48 |
1.7m | 1.4m | 834,294 | 478,516 | |
44 |
1.3m | 898,783 | 304,508 | 193,123 | |
440/4 |
1.3m | 898,783 | 304,508 | 193,123 | |
45 |
60,435 | 36,506 | 16,083 | 10,858 | |
450/3 |
40,790 | 16,347 | 2,981 | 1,996 | |
454/9 |
19,645 | 20,159 | 13,102 | 8,862 | |
47/48 |
318,364 | 478,123 | 513,703 | 274,536 | |
492/3 |
406,693 | 286,860 | 183,415 | 93,293 | |
| Income statement | |||||
9900 |
585,570 | 605,723 | 682,583 | 318,001 | |
62 |
223,446 | 152,244 | 154,576 | 45,540 | |
630 |
58,371 | 40,529 | 28,549 | 16,889 | |
640/8 |
6,065 | 3,750 | 1,941 | 16,791 | |
9901 |
297,688 | 409,200 | 497,517 | 238,782 | |
75/76B |
7,561 | 4,474 | 10,414 | 5,674 | |
75 |
7,561 | 4,474 | 10,414 | 5,674 | |
65/66B |
5,973 | 8,505 | 13,111 | 9,765 | |
65 |
5,973 | 8,505 | 13,111 | 9,765 | |
9903 |
299,276 | 405,169 | 494,819 | 234,691 | |
67/77 |
11,143 | 910 | 879 | 471 | |
9904 |
288,133 | 404,259 | 493,941 | 234,221 | |
9905 |
288,133 | 404,259 | 493,941 | 234,221 | |
| Appropriation of the result | |||||
9906 |
335,553 | 447,420 | 528,161 | 234,221 | |
14P |
47,420 | 43,161 | 34,221 | - | |
694/7 |
250,000 | 400,000 | 485,000 | 200,000 | |
695 |
250,000 | 400,000 | 485,000 | 200,000 | |
| Social balance sheet | |||||
9087 |
6.4 | 4.9 | 4.4 | 2.8 | |
Hours worked1013 |
10,377 | 8,365 | 7,364 | 4,025 | |
| Document | |||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-04-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 356,059 | 449,729 | 526,066 | 255,671 | ||
| 346,504 | 444,788 | 522,490 | 251,110 | ||
| 151,142 | 225,532 | 92,146 | 240,920 | ||
| -56,418 | 45,682 | -35,538 | - | ||
| -53,155 | -118,350 | -41,051 | -76,517 | ||
| 4.7% | 3.8% | 5.8% | 8.7% | ||
| 0.97 | 0.92 | 0.95 | 0.84 | ||
| 20.17 | 25.22 | 16.11 | 10.55 | ||
| 273.0% | 599.6% | 782.0% | 432.0% | ||
| 12.9% | 22.9% | 45.7% | 37.4% | ||
| 59.61 | 52.88 | 40.12 | 26.18 |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 7 | 5 | 5 |
| full-time | 4 | 4 | 3 | 4 |
| part-time | 2 | 3 | 2 | 1 |
| in full-time equivalents | 5.4 | 6.1 | 4 | 4.5 |
| 6.4 | 4.9 | 4.4 | 2.8 | |
| On a permanent contract | 6 | 6 | 4 | 5 |
| Joined | 7 | 10 | 7 | 8 |
| Left | 8 | 7 | 6 | 3 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €151,142 | €225,532 | €92,146 | €130,920 |
| Intangible fixed assets | - | - | - | €110,000 |
| €58,371 | €40,529 | €28,549 | €16,889 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 27% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 96.2% to 95.3%. Equity and debt are higher.
L.E has no parent and no holdings in its annual accounts. G.C is the only director.
| GFLE
registered office since 13-09-2023 · founded in 2023 |
total assets €342,861 (2024) 0805.798.301 |
| Association des Copropriétaires Résidence" Royale 185-183 et Chaussée d'Haecht 11" à Saint-Josse-ten-Noode , rue Royale 183-185
registered office since 30-04-2010 |
founded in 2010 0826.041.409 |
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
L.E was incorporated on 28 September 2021 as a private limited company by one natural person, with a starting capital of €20,000.12 G.C is director of the company, appointed by deed of 30-09-2021.2 Total assets rose from €626,030 in 2022 to €2.2m in 2025 and headcount from 2.8 to 6.4 full-time equivalents.3
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Koningsstraat 183 registered office 1210 Saint-Josse-ten-Noode | 01-10-2021 | 2.323.165.836 | Bed-and-breakfast |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21014A0318/00D002 | 313 m² | 1 · 195 m² | 20.5 m · 6 |
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