Financials
- Fiscal year
- 2025
- Total assets
- €283,786
- Profit
- €9,828
- Solvency
- 23.5%
Total assets▼ 72.4%
Net result
20182025
L.E. SYSTEM
ActiveThe file of L.E. SYSTEM contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 1.0% (low). The 2025 annual accounts show equity of €66,793 and a net result of €9,828. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 33994 sector peers (fiscal year 2025).
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 45331
1 site
Size
€283,786total assets 2025
- Equity
- €66,793
- Profit
- €9,828
Turnover not published (abridged schema)
Structure
Accounts 31 d early0 of 4 deeds read
Why 65- 1 change of registered office in 24 months- Sector Specialised construction activities (NACE 43)- Size: total assets €283,786+ Figures for FY 2025 (filed 30-06-2026)Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 19% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
49-28
equity 23.5% of total assets
Liquidity
38+6
short-term debt 44.0% · cash 7.0%
Profitability
47-24
return on assets 3.5%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.6%
12-2024: 1.6%● 0.0% vs 11-2024
01-2025: 1.6%● 0.0% vs 12-2024
02-2025: 1.6%● 0.0% vs 01-2025
03-2025: 1.7%▲ +2.8% vs 02-2025
04-2025: 1.6%▼ -2.2% vs 03-2025
05-2025: 1.6%▲ +0.2% vs 04-2025
06-2025: 1.5%▼ -7.9% vs 05-2025
07-2025: 1.6%▲ +8.0% vs 06-2025
08-2025: 2.1%▲ +28.6% vs 07-2025highest value
09-2025: 0.2%▼ -91.1% vs 08-2025lowest value
10-2025: 0.5%▲ +145% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%● 0.0% vs 12-2025
02-2026: 0.5%▲ +2.6% vs 01-2026
03-2026: 0.5%▲ +3.2% vs 02-2026
04-2026: 0.5%▲ +11.8% vs 03-2026
05-2026: 0.7%▲ +24.8% vs 04-2026
06-2026: 0.6%▼ -4.0% vs 05-2026
07-2026: 1.0%▲ +54.4% vs 06-2026
08-2026: 1.0%● 0.0% vs 07-2026
09-2026: 1.0%● 0.0% vs 08-2026
10-2026: 1.0%● 0.0% vs 09-2026
- 1 change of registered office in 24 months raises the probability
- Sector Specialised construction activities (NACE 43) raises the probability
- Figures for FY 2025 (filed 30-06-2026) lowers the probability
- Size: total assets €283,786 raises the probability for this profile
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.2 against 1.12 in 2024; short-term debt: 44% and cash: 7% of total assets), but 76.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 25%, liquidity 26%, profitability 23%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 33994 sector peers (2025).
NBB · sector comparisonPosition among 33994 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
25 d late
2023
7 d early
2022
30 d late
2021
204 d late
2020
38 d late
2019
229 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 August (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €18,547
Key points
By topic
Timeline
- Events
- 17
- Since
- 2013
- Next accounts
- by 31-07-2027
- 30-06-2026Annual accounts filed
- 25-08-2025Annual accounts filed
- 31-12-2024Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 20-11-2001
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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