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LEADGAINS

Active
Private limited companyfounded 2024active for 2 yearsMeylegemstraat 6, 9870 Zulte, BelgiumKBO/BCE: BE 1011.535.497

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00488241.

Annual accounts 2025 filed on 31-08-2026 at the NBB

Equity
-€54,786
Total assets
€41,574
Net result
-€59,786
Working capital
-€57,020

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance-sheet composition
Assets €41,574
Fixed assets €2,234
Current assets €39,340
Equity and liabilities
Equity-€54,786
Debt€96,359
Equity is negative. Debt (€96,359) exceeds the balance-sheet total (€41,574).
Key figures and ratios
2025 value
EBITDA
-€55,647
Cash flow
-€59,210
Solvency
-131.8%
Current ratio
0.41
ROA
-143.8%
Interest coverage
-10.73
Debt
€96,359
Debt ≤ 1 year
€96,359
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

Investments

fixed assets acquired
Item2025
Tangible fixed assets€2,810
Depreciation and write-downs of the year€576

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as LEADGAINS: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €36,300 and €48,100, founded in 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
LEADGAINS Zulte2024€41,574-€54,786-€55,085-€59,7862025
Dynamic Business Support Knokke-Heist2024€42,901-€24,329-€7,205-€17,0382025
CWR Mortsel2024€37,175€2,179€589€1792024
EJost Ukkel2024€46,653-€51,928-€15,758-€27,5132025
THE CONNECTOR Leuven2024€36,282-€11,158-€11,569-€12,8742025
ZEITGEIST Ukkel2024€48,073€8,125-€2,521-€35,4722025
Pinçon Meise2024€42,735-€45,399-€37,830-€53,6192025

They were chosen from the 7,100 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 7,639 companies had the same profile as LEADGAINS has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.9% was still going

Another 0.7% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of LEADGAINS itself: 2.6% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 7,639 companies, not a prediction for LEADGAINS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Balance sheet Code2025
Assets
Total assets20/58€41,574
Fixed assets21/28€2,234
Tangible fixed assets22/27€2,234
Furniture and vehicles24€2,234
Current assets29/58€39,340
Amounts receivable within one year40/41€39,034
Trade receivables40€24,028
Other amounts receivable41€15,006
Cash at bank and in hand54/58€305
Equity and liabilities
Total equity and liabilities10/49€41,574
Equity10/15-€54,786
Contributions10/11€5,000
Profit (loss) carried forward14-€59,786
Amounts payable17/49€96,359
Amounts payable within one year42/48€96,359
Financial debts43€4,724
Credit institutions430/8€4,724
Trade debts44€26,021
Suppliers440/4€26,021
Taxes, remuneration and social security45€6,845
Taxes450/3€6,845
Other amounts payable47/48€58,770
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€576
Other operating charges640/8€562
Gross operating margin9900-€55,085
Operating profit (loss)9901-€56,223
Financial income75/76B€1,626
Recurring financial income75€1,626
Financial charges65/66B€5,188
Recurring financial charges65€5,188
Profit (loss) for the period before taxes9903-€59,786
Profit (loss) for the period9904-€59,786
Profit (loss) for the period to be appropriated9905-€59,786
Appropriation of the result
Profit (loss) to be appropriated9906-€59,786

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€576
Other operating charges640/8€562
Gross operating margin9900-€55,085
Operating profit (loss)9901-€56,223
Financial income75/76B€1,626
Recurring financial income75€1,626
Financial charges65/66B€5,188
Recurring financial charges65€5,188
Profit (loss) for the period before taxes9903-€59,786
Profit (loss) for the period9904-€59,786
Profit (loss) for the period to be appropriated9905-€59,786
Line2025
Assets
Total assets20/58€41,574
Fixed assets21/28€2,234
Tangible fixed assets22/27€2,234
Furniture and vehicles24€2,234
Current assets29/58€39,340
Amounts receivable within one year40/41€39,034
Trade receivables40€24,028
Other amounts receivable41€15,006
Cash at bank and in hand54/58€305
Equity and liabilities
Total equity and liabilities10/49€41,574
Equity10/15-€54,786
Contributions10/11€5,000
Profit (loss) carried forward14-€59,786
Amounts payable17/49€96,359
Amounts payable within one year42/48€96,359
Financial debts43€4,724
Credit institutions430/8€4,724
Trade debts44€26,021
Suppliers440/4€26,021
Taxes, remuneration and social security45€6,845
Taxes450/3€6,845
Other amounts payable47/48€58,770
Line2025
Profit (loss) for the period9904-€59,786
+ Depreciation and write-downs630€576
Operating cash flow (approximation)-€59,210

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-08-2026 2026-00488241 NBB

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