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L-E-D

Active Private limited companyfounded 2020active for 6 yearsTen Akkerdreef 121, 8500 KortrijkKBO/BCE: BE 0745.426.489
L-E-D
Financial year 2025
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Annual accounts 2025

micro format, filed on 25-08-2026, 25 days late
€24,651
▲ 29.0%
€18,221
▲ 43.2%
€14,476
▲ 41.6%
€20,687
▼ 68.4%
24.1%
▼ 57.2 percentage points
1.29
▼ 3.60

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €200,000. Estimated: probably between €130,000 and €430,000.

Balance sheet

balance sheet total €93,575 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

24.1%

Higher than 26% of 35,156 companies in 2025.

1.29

Higher than 33% of 34,529 companies in 2025.

15.5%

Higher than 70% of 34,730 companies in 2025.

L-E-D Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 93,57589,91491,36973,38463,27824,986
21/28 1,8747,58213,62020,00426,4581,178
22/27 1,5097,54713,58519,96926,4231,178
24 1,5097,54713,58519,96926,4231,178
28 36535353535-
29/58 91,70182,33277,74953,38036,82123,808
3 12,45632,54236,78618,1202,5215,261
30/36 12,45621,54228,24418,1202,5215,261
37 -11,0008,542---
40/41 63,18226,25618,88330,82713,08511,477
40 38,71316,15511,15421,9747,9549,049
41 24,46910,1017,7308,8535,1312,428
54/58 15,19622,75621,3203,98219,5237,070
490/1 8667787604511,691-
Balance sheet: equity and liabilities
10/49 93,57589,91491,36973,38463,27824,986
10/15 22,56173,08462,86033,14615,0972,867
10/11 1,0001,0001,0001,0001,0001,000
13 21,56172,08461,86032,146--
133 21,56172,08461,86032,146--
14 ----14,0971,867
17/49 71,01416,83028,50940,23848,18122,119
17 ---6,00024,500-
170/4 ---6,00024,500-
42/48 71,01416,83028,50934,23823,68122,119
44 1,2006,3245,5164,7571081,166
440/4 1,2006,3245,5164,7571081,166
45 4,7673741,0121,318-529
450/3 4,7673741,0121,318-529
47/48 65,04810,13221,98128,16323,57320,424
Income statement
9900 24,65119,11246,33130,65618,1072,482
630 6,0386,0386,3846,4534,94469
640/8 392354258348243-
9901 18,22112,72039,68823,85512,9202,413
75/76B 26955166558170828
75 26955166558170828
65/66B 149871276912745
65 149871276912745
9903 18,34113,18440,22624,36713,5002,396
67/77 3,8652,95910,5126,3181,270529
9904 14,47610,22529,71418,04912,2301,867
9905 14,47610,22529,71418,04912,2301,867
Appropriation of the result
9906 14,47610,22529,71432,14614,0971,867
14P ---14,0971,867-
791/2 65,000-----
691/2 14,47610,22529,71432,146--
6921 14,47610,22529,71432,146--
694/7 65,000-----
694 65,000-----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 25-08-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00421063.

Financial year Type Filed Reference Document
31-12-2025 micro format 25-08-2026 2026-00421063 PDF
31-12-2024 micro format 01-07-2025 2025-00206996 PDF
31-12-2023 micro format 24-06-2024 2024-00154132 PDF
31-12-2022 micro format 12-08-2023 2023-00326300 PDF
31-12-2021 micro format 20-08-2022 2022-20327616 PDF
31-12-2020 micro format 30-06-2021 2021-29900534 PDF

Subsidies and aid

Flemish government 2022 to 2024, 2 entries, €425 awarded, €425 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€425
Year Entries AwardedPaid
2024 1 €66€66
2022 1 €359€359

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
24,25918,75846,07330,30917,8642,482
20,51416,26236,09824,50217,1741,936
33000030,2241,247
-7,5601,43717,337-15,54112,453-
20,68765,50249,24019,14213,1391,689
24.1%81.3%68.8%45.2%23.9%11.5%
1.294.892.731.561.551.08
1.122.961.441.031.450.84
3.150.230.451.213.197.72
64.2%14.0%47.3%54.5%81.0%65.1%
15.5%11.4%32.5%24.6%19.3%7.5%
over 100over 100over 100over 100over 100-

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets----€30,189
Financial fixed assets€330---€35
€6,038€6,038€6,384€6,453€4,944

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on L-E-D

The operating result for 2025 is 43% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 18.7% to 75.9%. Equity is lower and debt is higher.

Next steps

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