LEADEUR (0841.587.539): financials and annual accounts

LEADEUR

Brussels ·KBO/BCE: BE 0841.587.539

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Balance sheet: assets
Total assets`20/58`	81,457	114,064	62,830	112,054	109,909	118,899	106,718	78,909	42,261	28,899	49,047	46,240	53,266	46,463
Fixed assets`21/28`	8,353	10,533	7,474	6,331	4,828	12,791	21,964	33,223	4,585	3,334	10,131	10,972	14,520	19,244
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	1,570	3,139	4,709	-	-	-
Tangible fixed assets`22/27`	2,493	4,673	5,154	3,441	2,638	10,601	21,964	33,223	3,015	195	5,422	10,972	14,520	19,244
Furniture and vehicles`24`	2,493	4,673	5,154	3,441	2,638	10,601	21,964	33,223	3,015	195	5,422	10,972	14,520	19,244
Financial fixed assets`28`	5,860	5,860	2,320	2,890	2,190	2,190	-	-	-	-	-	-	-	-
Current assets`29/58`	73,104	103,531	55,356	105,723	105,081	106,108	84,754	45,687	37,677	25,565	38,916	35,268	38,746	27,218
Amounts receivable within one year`40/41`	31,876	28,926	22,810	38,832	29,720	11,977	10,696	9,462	8,718	8,209	6,357	22,962	20,910	10,783
Trade receivables`40`	567	6,146	13,184	23,064	19,086	9,291	3,610	-	7,337	-	157	14,256	12,763	3,328
Other amounts receivable`41`	31,309	22,780	9,626	15,768	10,634	2,686	7,086	9,462	1,381	8,209	6,200	8,707	8,148	7,455
Cash at bank and in hand`54/58`	32,118	69,932	29,722	63,987	73,236	91,969	72,120	33,939	26,699	16,398	31,314	10,225	10,935	15,583
Deferred charges and accrued income`490/1`	9,109	4,673	2,824	2,904	2,125	2,162	1,938	2,285	2,260	958	1,245	2,081	6,901	852
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	81,457	114,064	62,830	112,054	109,909	118,899	106,718	78,909	42,261	28,899	49,047	46,240	53,266	46,463
Equity`10/15`	32,852	63,161	50,471	88,627	74,360	70,770	66,010	36,992	36,766	26,515	40,445	25,039	21,906	13,062
Contributions`10/11`	3,000	3,000	3,000	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Contributions outside capital`11`	3,000	3,000	3,000	12,400	12,400	12,400	-	-	-	-	-	-	-	-
Other`1109/19`	3,000	3,000	3,000	12,400	12,400	12,400	-	-	-	-	-	-	-	-
Reserves`13`	40,000	60,000	73,000	74,860	60,860	57,360	37,360	9,360	9,360	1,860	1,860	1,860	1,860	560
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	560
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-
Distributable reserves`133`	40,000	60,000	73,000	73,000	59,000	55,500	35,500	7,500	7,500	-	-	-	-	-
Profit (loss) carried forward`14`	-10,148	161	-25,529	1,367	1,100	1,010	16,250	15,232	15,006	12,255	26,185	10,779	7,646	102
Amounts payable`17/49`	48,605	50,902	12,359	23,427	35,549	48,130	40,708	41,917	5,495	2,383	8,601	21,201	31,359	33,401
Amounts payable after more than one year`17`	-	-	-	-	-	7,729	16,894	25,941	-	-	-	1,390	6,805	11,997
Financial debts`170/4`	-	-	-	-	-	7,729	16,894	25,941	-	-	-	1,390	6,805	11,997
Amounts payable within one year`42/48`	48,589	50,902	12,359	22,331	35,238	40,188	23,307	15,648	5,495	1,582	8,601	19,811	24,554	21,405
Current portion of amounts payable after more than one year`42`	-	-	-	-	7,729	9,165	9,048	8,931	-	-	1,390	5,415	5,191	4,976
Trade debts`44`	3,184	9,601	2,398	3,508	2,867	983	4,162	1,758	3,511	1,582	6,653	1,093	5,067	825
Suppliers`440/4`	3,184	9,601	2,398	3,508	2,867	983	4,162	1,758	3,511	1,582	6,653	1,093	5,067	825
Taxes, remuneration and social security`45`	24,888	14,701	9,952	11,699	12,742	16,039	10,097	4,938	1,963	-	558	4,303	5,296	6,604
Taxes`450/3`	5,653	1,400	-	375	5,100	6,000	263	-	672	-	-	3,000	4,515	4,013
Remuneration and social security`454/9`	19,235	13,301	9,952	11,324	7,642	10,039	9,835	4,938	1,291	-	558	1,303	781	2,591
Other amounts payable`47/48`	20,517	26,600	10	7,125	11,900	14,000	-	21	21	-	-	9,000	9,000	9,000
Accrued charges and deferred income`492/3`	15	-	-	1,096	311	213	507	327	-	802	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	126,110
Gross operating margin`9900`	152,782	164,889	115,143	140,277	161,626	141,843	141,686	92,466	41,202	3,418	48,481	48,658	43,223	27,541
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	116,084
Remuneration, social security and pensions`62`	156,393	109,298	134,582	103,921	114,777	86,851	75,347	56,470	17,047	2,452	10,927	11,307	1,191	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,180	2,071	1,954	1,071	11,320	11,362	11,728	13,141	2,892	6,797	7,119	6,217	5,443	5,637
Other operating charges`640/8`	4,401	3,143	5,468	5,156	6,342	7,068	11,996	20,071	8,900	7,954	8,633	5,684	3,093	669
Operating profit (loss)`9901`	-10,192	50,377	-26,861	30,129	29,187	36,561	42,615	2,783	12,364	-13,785	21,802	25,449	33,497	21,235
Financial income`75/76B`	168	71	1	92	40	0	117	17	9	11	75	84	920	476
Recurring financial income`75`	168	71	1	92	40	0	117	17	9	11	75	84	920	476
Financial charges`65/66B`	241	56	36	97	232	352	467	211	83	87	310	476	757	852
Recurring financial charges`65`	241	56	36	97	232	352	467	211	83	87	310	476	757	852
Profit (loss) for the period before taxes`9903`	-10,264	50,392	-26,896	30,124	28,995	36,209	42,265	2,589	12,290	-13,861	21,568	25,058	33,659	20,858
Income taxes`67/77`	45	9,701	-	8,357	8,404	11,450	13,247	2,362	2,039	69	6,161	9,925	12,815	8,197
Profit (loss) for the period`9904`	-10,309	40,691	-26,896	21,767	20,591	24,760	29,017	226	10,251	-13,930	15,407	15,133	20,845	12,662
Profit (loss) for the period to be appropriated`9905`	-10,309	40,691	-26,896	21,767	20,591	24,760	29,017	226	10,251	-13,930	15,407	15,133	20,845	12,662
Appropriation of the result
Profit (loss) to be appropriated`9906`	-10,148	15,161	-25,529	22,867	21,600	41,010	44,250	15,232	22,506	12,255	26,185	22,779	20,946	12,662
Profit (loss) brought forward from the previous period`14P`	161	-25,529	1,367	1,100	1,010	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	20,000	28,000	-	7,500	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	15,000	-	21,500	3,500	20,000	28,000	-	7,500	-	-	-	1,300	560
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	1,300	560
To other reserves`6921`	-	15,000	-	21,500	3,500	20,000	28,000	-	7,500	-	-	-	-	-
Profit to be distributed`694/7`	20,000	28,000	-	7,500	17,000	20,000	-	-	-	-	-	12,000	12,000	12,000
Return on contributions (dividend)`694`	20,000	28,000	-	7,500	17,000	20,000	-	-	-	-	-	12,000	12,000	12,000
Social balance sheet
Average staff (FTE)`9087`	3.3	2.8	3.4	3	3.2	2	2.1	2.3	1.3	0.2	-	1	-	-
Hours worked`1013`	5,441	4,498	5,905	5,190	3,792	3,420	3,671	4,499	2,356	296	-	1,816	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	18-05-2026	2026-00112679	PDF
31-12-2024	micro format	03-06-2025	2025-00117107	PDF
31-12-2023	micro format	07-06-2024	2024-00114796	PDF
31-12-2022	micro format	02-06-2023	2023-00105565	PDF
31-12-2021	micro format	31-05-2022	2022-20039014	PDF
31-12-2020	micro format	25-05-2021	2021-15100531	PDF
31-12-2019	micro format	15-05-2020	2020-12200344	PDF
31-12-2018	micro format	20-05-2019	2019-13500314	PDF
31-12-2017	micro format	28-05-2018	2018-14500532	PDF
31-12-2016	micro format	12-06-2017	2017-16600307	PDF
31-12-2015	full format	30-05-2016	2016-14000528	PDF
31-12-2014	full format	02-06-2015	2015-14900095	PDF
31-12-2013	full format	28-05-2014	2014-14300473	PDF
31-12-2012	full format	05-06-2013	2013-16300188	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
EBITDA	-8,012	52,448	-24,907	31,200	40,507	47,923	54,343	15,925	15,255	-6,989	28,921	31,666	38,939	26,872
Cash flow	-8,129	42,762	-24,942	22,838	31,910	36,122	40,746	13,368	13,142	-7,133	22,526	21,349	26,287	18,299
Investment in fixed assets (approximation)	0	5,130	3,798	1,874	3,356	2,190	469	41,779	4,142	0	6,278	2,669	718	24,882
Change in cash	-37,814	40,210	-34,265	-9,248	-18,733	19,849	38,182	7,240	10,301	-14,916	21,089	-709	-4,648	-
Working capital	24,515	52,629	42,997	83,392	69,843	65,920	61,447	30,038	32,181	23,983	30,315	15,457	14,192	5,814
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	16.8%
Solvency	40.3%	55.4%	80.3%	79.1%	67.7%	59.5%	61.9%	46.9%	87.0%	91.8%	82.5%	54.2%	41.1%	28.1%
Current ratio	1.50	2.03	4.48	4.73	2.98	2.64	3.64	2.92	6.86	16.16	4.52	1.78	1.58	1.27
Debt to equity	1.48	0.81	0.24	0.26	0.48	0.68	0.62	1.13	0.15	0.09	0.21	0.85	1.43	2.56
ROE	-31.4%	64.4%	-53.3%	24.6%	27.7%	35.0%	44.0%	0.6%	27.9%	-52.5%	38.1%	60.4%	95.2%	96.9%
ROA	-12.7%	35.7%	-42.8%	19.4%	18.7%	20.8%	27.2%	0.3%	24.3%	-48.2%	31.4%	32.7%	39.1%	27.3%
Interest coverage	-33.30	over 100	-690.90	over 100	over 100	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	10 days
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	3 days

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	4	3	3	4	4
full-time	4	3	3	4	4
in full-time equivalents	4	3	3	4	4
Average over the year, in full-time equivalents	3.3	2.8	3.4	3	3.2
On a permanent contract	4	3	3	4	4
Joined	1	2	2	2	3
Left	0	2	3	2	1

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€1,590	€3,668	€1,874	€3,356
Financial fixed assets	-	€3,540	€130	-	-
Depreciation and write-downs of the year	€2,180	€2,071	€1,954	€1,071	€11,320

LEADEUR

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency40.3%

Current ratio1.50

Return on assets-12.7%

Staff

Staff cost per FTE€47,392

Joined and left+1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on LEADEUR

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