L&E RETAIL
ActiveSummary
The annual accounts of L&E RETAIL for fiscal year 2024 show a net loss of 97% of total assets and of 54% of the equity at the start of that year. The 2024 annual accounts show equity of €16,207 and a net result of -€18,944. Equity is shrinking by ~27.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 92% of 6162 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.06 against 0.01 in 2023; short-term debt: 16.8% and cash: 0% of total assets), and 16.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
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 2024Solvency, return and age of the figures
Solvency
83.2%
Return on assets
-97.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€18,944
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-03-2026, 214 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
214 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
61 d late
2019
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€16,207▼ 53.9%
2023 · €35,151
Total assets
€19,484▼ 47.1%
2023 · €36,854
Net result
-€18,944▲ 10.6%
2023 · -€21,192
Working capital
-€3,077▼ 82.2%
2023 · -€1,689
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€24,373▲ 20.0%-€18,592▲ 23.7%-€17,958▲ 3.4%-€20,623▼ 14.8%-€18,890▲ 8.4%
Net result-€24,506below the sector's middle half▲ 20.6%-€18,592below the sector's middle half▲ 24.1%-€17,958below the sector's middle half▲ 3.4%-€21,192below the sector's middle half▼ 18.0%-€18,944below the sector's middle half▲ 10.6%
Equity€92,893above the sector's middle half▼ 20.9%€74,301above the sector's middle half▼ 20.0%€56,343within the sector's middle half▼ 24.2%€35,151within the sector's middle half▼ 37.6%€16,207within the sector's middle half▼ 53.9%
Total assets€95,158within the sector's middle half▼ 21.5%€76,646within the sector's middle half▼ 19.5%€58,689within the sector's middle half▼ 23.4%€36,854within the sector's middle half▼ 37.2%€19,484below the sector's middle half▼ 47.1%
Debt€2,265▼ 39.9%€2,345▲ 3.6%€2,345=€1,702▼ 27.4%€3,277▲ 92.5%
Working capital€1,923within the sector's middle half▼ 74.0%€1,855within the sector's middle half▼ 3.6%€1,855within the sector's middle half=-€1,689within the sector's middle half-€3,077within the sector's middle half▼ 82.2%
Solvency97.6%above the sector's middle half▲ 0.7pp96.9%above the sector's middle half▼ 0.7pp96.0%above the sector's middle half▼ 0.9pp95.4%above the sector's middle half▼ 0.6pp83.2%above the sector's middle half▼ 12.2pp
Current ratio1.85within the sector's middle half▼ 1.111.79within the sector's middle half▼ 0.061.79within the sector's middle half=0.01below the sector's middle half▼ 1.780.06below the sector's middle half▲ 0.05
Return on assets (ROA)-25.8%below the sector's middle half▼ 0.3pp-24.3%below the sector's middle half▲ 1.5pp-30.6%below the sector's middle half▼ 6.3pp-57.5%below the sector's middle half▼ 26.9pp-97.2%below the sector's middle half▼ 39.7pp
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,890 in 2024 against €20,623 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19,484
Fixed assets
€19,284 ▼ 47.7%
Current assets
€200 ▲ 1,366%
Equity and liabilities €19,484
Equity
€16,207 ▼ 53.9%
Debt
€3,277 ▲ 92.5%
Debt's share of the balance-sheet total rises from 4.6% to 16.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,334▲
2023 · -€2,975
Cash flow
-€1,388▲
2023 · -€3,544
Debt to equity
0.20▲
2023 · 0.05
ROE
-116.9%▼
2023 · -60.3%
Interest coverage
-24.70▼
2023 · -5.23
Debt ≤ 1 year
€3,277▲
2023 · €1,702
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,023 | €18,524 | €17,958 | €17,648 | €17,556 | ▼ 0.5% |
| Other operating charges640/8 | - | - | - | €1,629 | - | - |
| Gross operating margin9900 | -€5,107 | -€68 | - | -€1,346 | -€1,334 | ▲ 0.9% |
| Operating profit (loss)9901 | -€24,373 | -€18,592 | -€17,958 | -€20,623 | -€18,890 | ▲ 8.4% |
| Financial charges65/66B | - | - | - | €569 | €54 | ▼ 90.5% |
| Recurring financial charges65 | €132 | - | - | €569 | €54 | ▼ 90.5% |
| Profit (loss) for the period before taxes9903 | -€24,506 | -€18,592 | -€17,958 | -€21,192 | -€18,944 | ▲ 10.6% |
| Profit (loss) for the period9904 | -€24,506 | -€18,592 | -€17,958 | -€21,192 | -€18,944 | ▲ 10.6% |
| Profit (loss) for the period to be appropriated9905 | -€24,506 | -€18,592 | -€17,958 | -€21,192 | -€18,944 | ▲ 10.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,158 | €76,646 | €58,689 | €36,854 | €19,484 | ▼ 47.1% |
| Fixed assets21/28 | €90,970 | €72,446 | €54,488 | €36,840 | €19,284 | ▼ 47.7% |
| Intangible fixed assets21 | €86,254 | €69,254 | €52,254 | €35,254 | €18,254 | ▼ 48.2% |
| Tangible fixed assets22/27 | €4,716 | €3,192 | €2,234 | €1,586 | €1,030 | ▼ 35.1% |
| Land and buildings22 | - | €2,575 | €2,060 | €1,545 | €1,030 | ▼ 33.3% |
| Furniture and vehicles24 | - | €617 | €174 | €41 | €0 | ▼ 100% |
| Current assets29/58 | €4,188 | €4,200 | €4,200 | €14 | €200 | ▲ 1,366% |
| Stocks and contracts in progress3 | €1,031 | €1,031 | €1,031 | - | - | - |
| Stocks30/36 | - | €1,031 | €1,031 | - | - | - |
| Amounts receivable within one year40/41 | €1,507 | €1,519 | €1,519 | - | €192 | - |
| Trade receivables40 | - | €1,094 | €1,094 | - | - | - |
| Other amounts receivable41 | - | €424 | €424 | - | €192 | - |
| Cash at bank and in hand54/58 | €22 | €22 | €22 | €14 | €8 | ▼ 44.5% |
| Deferred charges and accrued income490/1 | - | €1,629 | €1,629 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,158 | €76,646 | €58,689 | €36,854 | €19,484 | ▼ 47.1% |
| Equity10/15 | €92,893 | €74,301 | €56,343 | €35,151 | €16,207 | ▼ 53.9% |
| Contributions10/11 | - | €170,000 | €170,000 | €170,000 | €170,000 | = |
| Profit (loss) carried forward14 | -€77,107 | -€95,699 | -€113,657 | -€134,849 | -€153,793 | ▼ 14.0% |
| Amounts payable17/49 | €2,265 | €2,345 | €2,345 | €1,702 | €3,277 | ▲ 92.5% |
| Amounts payable within one year42/48 | €2,265 | €2,345 | €2,345 | €1,702 | €3,277 | ▲ 92.5% |
| Trade debts44 | €1,115 | €1,195 | €1,195 | - | - | - |
| Suppliers440/4 | - | €1,195 | €1,195 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €88 | - | - |
| Taxes450/3 | - | - | - | €88 | - | - |
| Other amounts payable47/48 | - | €1,150 | €1,150 | €1,615 | €3,277 | ▲ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,506 | -€18,592 | -€17,958 | -€21,192 | -€18,944 | ▲ 10.6% |
| + Depreciation and write-downs630 | €19,023 | €18,524 | €17,958 | €17,648 | €17,556 | ▼ 0.5% |
| Operating cash flow (approximation) | -€5,483 | -€68 | €0 | -€3,544 | -€1,388 | ▲ 60.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0 | €0 | -€8 | -€6 | ▲ 25.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
02-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 214 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
31-12
Financial
Weakest financial yearnet -€30,880
Net result drops to -€30,880, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Wavre
Ground area
3,033 m²
Building footprint
1,266 m²
Volume, LiDAR
14,653 m³
Parcel 25772K0082/00W000, Wallonia · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
32
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772K0082/00W000 | Wallonia | 3,033 m² | 1 · 1,266 m² | 16.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,998 companies in sector 96999 we hold annual accounts for 603. 390 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647622676
Also
9925:BE0647622676
Registered
03-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.