LE 140
ActiveSummary
LE 140 has been active since 1963 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €436,512 and a net result of -€78,577. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 2035 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-65
Solvency76▼-1
Growth68=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 8.01 against 11.59 in 2024; short-term debt: 11.6% and cash: 76.7% of total assets), and 49% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
51%
Return on assets
-9.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 d early
2024
42 d early
2023
2 d late
2022
71 d early
2021
72 d late
2020
19 d early
2019
66 d early
← 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 24 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 20 December (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€182,484▲ 12.9%
2023 · €161,603
EBIT margin
22.4%▲ 21.0pp
2023 · 1.4%
Net result
-€78,577
2024 · €24,221
Working capital
€696,041▼ 17.5%
2024 · €843,380
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€34,342€193,995▲ 465%€161,603▼ 16.7%€182,484▲ 12.9%
Operating result€90,907▲ 127%€17,689▼ 80.5%€2,294▼ 87.0%€40,963▲ 1,686%-€75,982
Net result€91,382above the sector's middle half▲ 155%€16,073within the sector's middle half▼ 82.4%€655within the sector's middle half▼ 95.9%€24,221within the sector's middle half▲ 3,598%-€78,577below the sector's middle half
EBIT margin264.7%9.1%▼ 255.6pp1.4%▼ 7.7pp22.4%▲ 21.0pp
Equity€479,141above the sector's middle half▲ 23.0%€495,213within the sector's middle half▲ 3.4%€495,868within the sector's middle half▲ 0.1%€515,089within the sector's middle half▲ 3.9%€436,512above the sector's middle half▼ 15.3%
Total assets€973,278within the sector's middle half▲ 11.3%€1.0mwithin the sector's middle half▲ 5.7%€1.0mwithin the sector's middle half▼ 0.8%€989,394within the sector's middle half▼ 3.0%€855,987above the sector's middle half▼ 13.5%
Debt€430,783▲ 1.3%€455,034▲ 5.6%€445,970▼ 2.0%€450,950▲ 1.1%€419,475▼ 7.0%
Working capital€835,118above the sector's middle half▲ 12.0%€882,135above the sector's middle half▲ 5.6%€881,217above the sector's middle half▼ 0.1%€843,380above the sector's middle half▼ 4.3%€696,041above the sector's middle half▼ 17.5%
Solvency49.2%within the sector's middle half▲ 4.7pp48.1%within the sector's middle half▼ 1.1pp48.6%within the sector's middle half▲ 0.5pp52.1%within the sector's middle half▲ 3.5pp51.0%within the sector's middle half▼ 1.1pp
Current ratio12.99above the sector's middle half▲ 3.2311.50above the sector's middle half▼ 1.4918.30above the sector's middle half▲ 6.8011.59above the sector's middle half▼ 6.718.01above the sector's middle half▼ 3.58
Return on assets (ROA)9.4%within the sector's middle half▲ 5.3pp1.6%within the sector's middle half▼ 7.8pp0.1%within the sector's middle half▼ 1.5pp2.4%within the sector's middle half▲ 2.4pp-9.2%below the sector's middle half▼ 11.6pp
Staff (FTE)7.8within the sector's middle half▲ 1.3%9.5within the sector's middle half▲ 21.8%12.6within the sector's middle half▲ 32.6%7.7
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €75,982 after €40,963 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €855,987
Fixed assets
€60,700 ▼ 8.6%
Current assets
€795,287 ▼ 13.8%
Equity and liabilities €855,987
Equity
€436,512 ▼ 15.3%
Provisions
€0 ▼ 100%
Debt
€419,475 ▼ 7.0%
Debt's share of the balance-sheet total rises from 45.6% to 49.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€50,893▼
2024 · €71,768
Cash flow
-€53,488▼
2024 · €55,025
Quick ratio
8.00▼
2024 · 11.58
Debt to equity
0.96▲
2024 · 0.88
ROE
-18.0%▼
2024 · 4.7%
Interest coverage
-18.19▼
2024 · 4.26
Debt ≤ 1 year
€99,246▲
2024 · €79,619
Income taxes
€73
Staff costs
€438,118▲
2024 · €418,323
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
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 < 0.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €34,342 | €193,995 | €161,603 | €182,484 | - | - |
| Non-recurring operating income76A | €1,699 | €7,421 | €3,239 | €4,011 | €33,889 | ▲ 745% |
| Goods, raw materials, services and sundry goods60/61 | €310,541 | €562,757 | €484,737 | €531,674 | - | - |
| Remuneration, social security and pensions62 | €307,737 | €380,326 | €422,892 | €418,323 | €438,118 | ▲ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,747 | €28,926 | €33,056 | €30,804 | €25,089 | ▼ 18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3,354 | - | - | - | - | - |
| Other operating charges640/8 | €3,454 | €1,983 | €1,367 | €918 | €501 | ▼ 45.4% |
| Non-recurring operating charges66A | €431 | €5,189 | €3,566 | €4,937 | €26,558 | ▲ 438% |
| Gross operating margin9900 | €433,630 | €449,113 | €463,175 | €440,947 | €390,930 | ▼ 11.3% |
| Operating profit (loss)9901 | €90,907 | €17,689 | €2,294 | €40,963 | -€75,982 | ▼ 285% |
| Financial income75/76B | €1,796 | €24 | €141 | €114 | €276 | ▲ 143% |
| Recurring financial income75 | €1,796 | €24 | €141 | €114 | €276 | ▲ 143% |
| Financial charges65/66B | €1,161 | €1,414 | €1,575 | €16,856 | €2,798 | ▼ 83.4% |
| Recurring financial charges65 | €367 | €1,414 | €1,575 | €16,856 | €2,798 | ▼ 83.4% |
| Non-recurring financial charges66B | €794 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €91,542 | €16,299 | €860 | €24,221 | -€78,504 | ▼ 424% |
| Income taxes67/77 | €160 | €226 | €205 | - | €73 | - |
| Profit (loss) for the period9904 | €91,382 | €16,073 | €655 | €24,221 | -€78,577 | ▼ 424% |
| Profit (loss) for the period to be appropriated9905 | €91,382 | €16,073 | €655 | €24,221 | -€78,577 | ▼ 424% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €973,278 | €1.0m | €1.0m | €989,394 | €855,987 | ▼ 13.5% |
| Fixed assets21/28 | €68,510 | €62,443 | €88,046 | €66,394 | €60,700 | ▼ 8.6% |
| Tangible fixed assets22/27 | €67,512 | €61,445 | €87,165 | €65,513 | €60,419 | ▼ 7.8% |
| Plant, machinery and equipment23 | €67,512 | €61,445 | €48,875 | €23,436 | €11,705 | ▼ 50.1% |
| Other tangible fixed assets26 | - | - | €38,290 | €42,077 | €48,714 | ▲ 15.8% |
| Financial fixed assets28 | €998 | €998 | €881 | €881 | €281 | ▼ 68.1% |
| Current assets29/58 | €904,768 | €966,158 | €932,146 | €923,000 | €795,287 | ▼ 13.8% |
| Stocks and contracts in progress3 | - | €1,732 | €1,808 | €1,020 | €1,257 | ▲ 23.3% |
| Stocks30/36 | - | €1,732 | €1,808 | €1,020 | €1,257 | ▲ 23.3% |
| Amounts receivable within one year40/41 | €105,645 | €229,292 | €253,884 | €146,132 | €119,008 | ▼ 18.6% |
| Trade receivables40 | €7,385 | €51,633 | €29,482 | €5,029 | €820 | ▼ 83.7% |
| Other amounts receivable41 | €98,260 | €177,659 | €224,402 | €141,103 | €118,188 | ▼ 16.2% |
| Cash at bank and in hand54/58 | €792,022 | €732,240 | €648,330 | €774,243 | €656,125 | ▼ 15.3% |
| Deferred charges and accrued income490/1 | €7,101 | €2,894 | €28,124 | €1,605 | €18,897 | ▲ 1,077% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €973,278 | €1.0m | €1.0m | €989,394 | €855,987 | ▼ 13.5% |
| Equity10/15 | €479,141 | €495,213 | €495,868 | €515,089 | €436,512 | ▼ 15.3% |
| Revaluation surpluses12 | €5,000 | €5,000 | €5,000 | - | - | - |
| Reserves13 | €190,976 | €282,893 | €282,893 | €303,368 | €303,368 | = |
| Profit (loss) carried forward14 | €283,165 | €207,320 | €207,975 | €211,721 | €133,144 | ▼ 37.1% |
| Provisions and deferred taxes16 | €63,354 | €78,354 | €78,354 | €23,354 | - | - |
| Provisions for liabilities and charges160/5 | €63,354 | €78,354 | €78,354 | €23,354 | - | - |
| Environmental obligations163 | €63,354 | €78,354 | €78,354 | €23,354 | - | - |
| Amounts payable17/49 | €430,783 | €455,034 | €445,970 | €450,950 | €419,475 | ▼ 7.0% |
| Amounts payable after more than one year17 | €15,834 | €15,796 | €15,796 | €14,239 | - | - |
| Other amounts payable178/9 | €15,834 | €15,796 | €15,796 | €14,239 | - | - |
| Amounts payable within one year42/48 | €69,650 | €84,023 | €50,929 | €79,619 | €99,246 | ▲ 24.7% |
| Trade debts44 | €25,617 | €35,808 | €19,227 | €41,906 | €26,775 | ▼ 36.1% |
| Suppliers440/4 | €25,617 | €35,808 | €19,227 | €41,906 | €26,775 | ▼ 36.1% |
| Taxes, remuneration and social security45 | €39,128 | €47,099 | €30,586 | €36,597 | €70,971 | ▲ 93.9% |
| Taxes450/3 | €3,030 | €47,099 | - | €2,658 | €17,780 | ▲ 569% |
| Remuneration and social security454/9 | €36,098 | - | €30,586 | €33,940 | €53,191 | ▲ 56.7% |
| Accrued charges and deferred income492/3 | €345,299 | €355,215 | €379,245 | €357,091 | €320,229 | ▼ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,382 | €16,073 | €655 | €24,221 | -€78,577 | ▼ 424% |
| + Depreciation and write-downs630 | €27,747 | €28,926 | €33,056 | €30,804 | €25,089 | ▼ 18.6% |
| Operating cash flow (approximation) | €119,129 | €44,999 | €33,711 | €55,025 | -€53,488 | ▼ 197% |
| Investment in fixed assets (approximation) | - | -€22,859 | -€58,659 | -€9,153 | -€19,394 | ▼ 112% |
| Change in cash | - | -€59,782 | -€83,910 | €125,913 | -€118,118 | ▼ 194% |
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
Next filing, fiscal year 2026, expected by
2026
11-05
State Gazette act
General meeting · Director resignation
Director appointment · Other statement
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet -€78,577
Net result drops to -€78,577, the lowest in the series.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Equity above €500,000Eq €515,089 ▲3.9%
6 profitable years in a row build equity to €515,089.
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 2 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 72 days late
2021
30-06
Financial
Highest result since 2019net €91,382 ▲155%
Operating result €90,907, net result €91,382, both a record.
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Schaarbeek · 1 establishment unit since 1963
Ground area
2,022 m²
Building footprint
1,011 m²
Volume, LiDAR
5,510 m³
Parcel 21905C0090/02R012, Brussels · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
LE 140 ASBL
since 19632.156.500.832
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0090/02R012 | Brussels | 2,022 m² | 1 · 1,011 m² | 9.4 m · 2 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 29 entries · 2,124,221 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 14 | 641,938 EUR |
| 2024 | 5 | 675,769 EUR |
| 2023 | 7 | 735,229 EUR |
| 2021 | 3 | 71,285 EUR |
Budget allocations
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.156.500.832
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Of 368 companies in sector 90311 we hold annual accounts for 156. 102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded17-09-1963
Fiscal year end30-06
Activities, NACEBEL 2025
90311Arts creation and performing arts activities
Contact
E-mail
rachel@le140.beSchaarbeek
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.