LE 34
ActiveThe annual accounts of LE 34 for fiscal year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €90k and a net result of €-191k. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 688 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▲+12
Solvency27▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k 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 0.72 against 0.69 in 2024; short-term debt: 39.2% and cash: 11.5% of total assets), and 97.6% of the assets are financed with debt.
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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-191k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 688 sector peers (2025).
NBB · sector comparisonPosition among 688 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
30 d late
2022
29 d late
2021
53 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-191k▲ 17.4%
2024 · €-231k
2018: €-749k
2019: €-48k
2020: €-352k
2021: €-177k
2022: €-16k
2023: €-73k
2024: €-231k
2018 → 2025
Working capital
€-407k▲ 12.3%
2024 · €-464k
2018: €-2.91M
2019: €-1.77M
2020: €-1.04M
2021: €-841k
2022: €-587k
2023: €-401k
2024: €-464k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€769k-€715k▼ 7.0%€589k▼ 17.6%€319k▼ 45.8%€90k▼ 71.9%
Operating result€-115k-€65k€-25k€-132k▼ 434%€-148k▼ 12.0%
Net result€-177k-€-16k▲ 91.1%€-73k▼ 360%€-231k▼ 218%€-191k▲ 17.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €148k in 2025 against €132k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.73M
Fixed assets
€2.67M▼ 14.4%
Current assets
€1.05M▲ 0.2%
Equity and liabilities €3.73M
Equity
€90k▼ 71.9%
Debt
€3.64M▼ 5.7%
The debt ratio rises from 92.4% to 97.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€317k▼
2024 · €332k
Cash flow
€274k▲
2024 · €233k
Solvency
2.4%▼
2024 · 7.6%
Current ratio
0.72▲
2024 · 0.69
Quick ratio
0.72▲
2024 · 0.69
Debt / equity
40.55▲
2024 · 12.08
ROE
-213.1%▼
2024 · -72.5%
ROA
-5.1%▲
2024 · -5.5%
Interest coverage
3.94▲
2024 · 2.51
Debt
€3.64M▼
2024 · €3.86M
Debt ≤ 1 year
€1.46M▼
2024 · €1.52M
Debt > 1 year
€2.16M▼
2024 · €2.34M
Income taxes
€1k▼
2024 · €6k
Staff costs
€450k▼
2024 · €460k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.18M€3.73M▼
Fixed assets21/28€3.13M€2.67M▼
Tangible fixed assets22/27€3.13M€2.67M▼
Land and buildings22€2.33M€2.21M▼
Plant, machinery and equipment23€11k€4k▼
Furniture and vehicles24€42k€33k▼
Other tangible fixed assets26€748k€425k▼
Current assets29/58€1.05M€1.05M▲
Amounts receivable within one year40/41€251k€615k▲
Trade receivables40€141k€8k▼
Other amounts receivable41€109k€607k▲
Cash at bank and in hand54/58€762k€429k▼
Deferred charges and accrued income490/1€38k€9k▼
Equity and liabilities
Total equity and liabilities10/49€4.18M€3.73M▼
Equity10/15€319k€90k▼
Contributions10/11€91k€91k=
Revaluation surpluses12€1.69M€1.60M▼
Reserves13€543k€631k▲
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Distributable reserves133€533k€622k▲
Profit (loss) carried forward14€-2.10M€-2.29M▼
Investment grants15€93k€55k▼
Amounts payable17/49€3.86M€3.64M▼
Amounts payable after more than one year17€2.34M€2.16M▼
Financial debts170/4€2.34M€2.16M▼
Amounts payable within one year42/48€1.52M€1.46M▼
Current portion of amounts payable after more than one year42€209k€193k▼
Financial debts43€76k€99k▲
Credit institutions430/8€76k€99k▲
Trade debts44€116k€392k▲
Suppliers440/4€116k€392k▲
Advances received on contracts in progress46-€7k
Taxes, remuneration and social security45€152k€147k▼
Taxes450/3€18k€29k▲
Remuneration and social security454/9€134k€119k▼
Other amounts payable47/48€962k€622k▼
Accrued charges and deferred income492/3€5k€21k▲
Income statement
Code20242025
Remuneration, social security and pensions62€460k€450k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€464k€465k▲
Other operating charges640/8€35k€23k▼
Non-recurring operating charges66A€32k-
Gross operating margin9900€859k€790k▼
Operating profit (loss)9901€-132k€-148k▼
Financial income75/76B€38k€38k=
Recurring financial income75€38k€38k=
Financial charges65/66B€132k€80k▼
Recurring financial charges65€132k€80k▼
Profit (loss) for the period before taxes9903€-226k€-190k▲
Income taxes67/77€6k€1k▼
Profit (loss) for the period9904€-231k€-191k▲
Profit (loss) for the period to be appropriated9905€-231k€-191k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.10M€-2.29M▼
Profit (loss) brought forward from the previous period14P€-1.87M€-2.10M▼
Social balance
Average headcount (FTE)908711.110.9▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 53 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €500kEq €998k
Equity rises from €-781k to €998k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 122 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.
Directors · office · real estate
Directors
7 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2017
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.
Charleroise Steenweg 501060 Sint-Gillis (bij-Brussel)Ground area
260 m²
Building footprint
254 m²
Volume, LiDAR
3,771 m³
Parcel 21013B0040/00D015, Brussels · tallest building 25.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
HARMON HOUSE
since 20172.265.808.152
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0040/00D015 | Brussels | 260 m² | 1 · 254 m² | 25.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 2,395 companies in sector 55100 we hold annual accounts for 1,517. 1,025 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-1999
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
70201
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:david@harmon.house