LE 20.10

Active

Private limited companyfounded 20233 yrs activeJaune Voie(WP) 16, 5100 Namur, BelgiumKBO/BCE: BE 0801.241.576

LE 20.10 has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2k and a net result of €-12k. Its solvency ranks better than 21% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

2 / 100

Critical▼ -51 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency4▼-28

Growth32

Stability94

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.6 against 0.63 in 2023), and 96.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 01

Relative position

BE, all sectors

reference

Sector 01

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

3.1%

Return on assets

-16.2%

Age of the figures

20 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 3941 sector peers (2024).

NBB · sector comparison

Position among 3941 sector peers

Solvency

better than 21%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

22 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€2k▼ 83.8%

2023 · €15k

2023: €15k

2023 → 2024

Total assets

€77k▲ 35.7%

2023 · €57k

2023: €57k

2023 → 2024

Net result

€-12k

2023 · €14k

2023: €14k

2023 → 2024

Working capital

€-30k▼ 90.2%

2023 · €-16k

2023: €-16k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€15k-€2k▼ 83.8%

Operating result€17k-€-11k

Net result€14k-€-12k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €11k after €17k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €77k

41.9%

58.1%

Fixed assets €32k▲ 5.4%

Current assets €45k▲ 71.1%

Equity and liabilities €77k

96.9%

Equity €2k▼ 83.8%

Debt €75k▲ 78.3%

The debt ratio rises from 73.7% to 96.9%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-4k▼

2023 · €20k

Cash flow

€-6k▼

2023 · €17k

Solvency

3.1%▼

2023 · 26.3%

Current ratio

0.60▼

2023 · 0.63

Quick ratio

0.52▼

2023 · 0.57

Debt / equity

30.94▲

2023 · 2.81

ROE

-518.3%▼

2023 · 92.2%

ROA

-16.2%▼

2023 · 24.2%

Interest coverage

-3.74▼

2023 · 338.35

Debt

€75k▲

2023 · €42k

Debt ≤ 1 year

€75k▲

2023 · €42k

Income taxes

€128▼

2023 · €4k

Staff costs

€27k▲

2023 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€57k€77k▲

Fixed assets21/28€31k€32k▲

Intangible fixed assets21€16k€14k▼

Tangible fixed assets22/27€12k€15k▲

Plant, machinery and equipment23€7k€8k▲

Furniture and vehicles24€5k€7k▲

Financial fixed assets28€3k€3k=

Current assets29/58€26k€45k▲

Stocks and contracts in progress3€3k€6k▲

Stocks30/36€3k€6k▲

Amounts receivable within one year40/41€7k€17k▲

Trade receivables40€7k€17k▲

Cash at bank and in hand54/58€16k€21k▲

Deferred charges and accrued income490/1€842€689▼

Equity and liabilities

Total equity and liabilities10/49€57k€77k▲

Equity10/15€15k€2k▼

Contributions10/11€2k€2k=

Profit (loss) carried forward14€13k€411▼

Amounts payable17/49€42k€75k▲

Amounts payable within one year42/48€42k€75k▲

Trade debts44€9k€20k▲

Suppliers440/4€9k€20k▲

Taxes, remuneration and social security45€7k€16k▲

Taxes450/3€6k€9k▲

Remuneration and social security454/9€827€8k▲

Other amounts payable47/48€26k€39k▲

Income statement Code20232024

Remuneration, social security and pensions62€3k€27k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲

Other operating charges640/8€484€2k▲

Non-recurring operating charges66A-€802

Gross operating margin9900€24k€26k▲

Operating profit (loss)9901€17k€-11k▼

Financial income75/76B€0€1▲

Recurring financial income75€0€1▲

Financial charges65/66B€60€1k▲

Recurring financial charges65€60€1k▲

Profit (loss) for the period before taxes9903€17k€-12k▼

Income taxes67/77€4k€128▼

Profit (loss) for the period9904€14k€-12k▼

Profit (loss) for the period to be appropriated9905€14k€-12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€14k€411▼

Profit (loss) brought forward from the previous period14P-€13k

Profit to be distributed694/7€833-

Return on contributions (dividend)694€833-

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

22-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 22 days late

NBB filing

Directors · office · real estate

Directors

1 act for this company is 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, Namur · 2 establishment units since 2023

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Jaune Voie(WP) 165100 Namur

Ground area

4,996 m²

Building footprint

377 m²

Volume, LiDAR

2,560 m³

3 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

Rina Grooming

Chaussée de Dinant(WP) 966, 5100 NamurSupport activities for animal production

since 20232.344.608.576

La Bonne Frite

Rue de Gembloux(SS) 224, 5002 NamurRetail trade

since 20232.351.863.978

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92108B0328/02H000	Wallonia	3,868 m²	1 · 202 m²	10.1 m · 1 fl.
92135C0248/00A000	Wallonia	871 m²	1 · 109 m²	10.5 m · 3 fl.
92135D0059/00A000	Wallonia	257 m²	1 · 66 m²	11.1 m · 3 fl.