LEADPA
ActiveSummary
The annual accounts of LEADPA for fiscal year 2025 show a net loss of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €51k and a net result of €-98k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 16% of 27965 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-49
Solvency38▼-21
Growth34▼-13
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k 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 tight (current ratio 1.15 against 1.51 in 2024; short-term debt: 87% and cash: 9.5% of total assets), and 87% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
13%
Return on assets
-25.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 16%
← 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 31-08-2026, 31 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
31 d late
2024
27 d late
2023
12 d late
2022
60 d late
2021
89 d late
2020
1 d early
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€242k▼ 22.2%
2023 · €311k
2018: €227klowest in 7 years
2019: €320k▲ +40.9% vs 2018
2020: €247k▼ -22.9% vs 2019
2021: €464k▲ +88.1% vs 2020highest in 7 years
2022: €332k▼ -28.6% vs 2021
2023: €311k▼ -6.1% vs 2022
2024: €242k▼ -22.2% vs 2023
2018 → 2024
EBIT margin
0.4%▲ 3.7pp
2023 · -3.2%
2018: 7.2%
2019: -2.4%▼ -133% vs 2018
2020: -2.9%▼ -21.8% vs 2019
2021: 18.5%▲ +739% vs 2020highest in 7 years
2022: 1.4%▼ -92.5% vs 2021
2023: -3.2%▼ -333% vs 2022lowest in 7 years
2024: 0.4%▲ +114% vs 2023
2018 → 2024
Net result
€-98k
2024 · €363
2018: €11k
2019: €-10k▼ -186% vs 2018
2020: €-7k▲ +25.8% vs 2019
2021: €58k▲ +899% vs 2020highest in 8 years
2022: €3k▼ -94.2% vs 2021
2023: €-10k▼ -406% vs 2022
2024: €363▲ +104% vs 2023
2025: €-98k▼ -27203% vs 2024lowest in 8 years
2018 → 2025
Working capital
€50k▼ 66.1%
2024 · €147k
2018: €115k
2019: €105k▼ -8.4% vs 2018
2020: €98k▼ -6.8% vs 2019
2021: €153k▲ +56.0% vs 2020
2022: €156k▲ +2.4% vs 2021highest in 8 years
2023: €148k▼ -5.7% vs 2022
2024: €147k▼ -0.1% vs 2023
2025: €50k▼ -66.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€464k-€332k▼ 28.6%€311k▼ 6.1%€242k▼ 22.2%
2021: €464khighest in 4 years
2022: €332k▼ -28.6% vs 2021
2023: €311k▼ -6.1% vs 2022
2024: €242k▼ -22.2% vs 2023lowest in 4 years
Equity€155k-€159k▲ 2.2%€149k▼ 6.4%€149k▲ 0.2%€51k▼ 66.0%
2021: €155k
2022: €159k▲ +2.2% vs 2021highest in 5 years
2023: €149k▼ -6.4% vs 2022
2024: €149k▲ +0.2% vs 2023
2025: €51k▼ -66.0% vs 2024lowest in 5 years
Operating result€86k-€5k▼ 94.6%€-10k€1k€-98k
2021: €86khighest in 5 years
2022: €5k▼ -94.6% vs 2021
2023: €-10k▼ -319% vs 2022
2024: €1k▲ +111% vs 2023
2025: €-98k▼ -9196% vs 2024lowest in 5 years
Net result€58k-€3k▼ 94.2%€-10k€363€-98k
2021: €58khighest in 5 years
2022: €3k▼ -94.2% vs 2021
2023: €-10k▼ -406% vs 2022
2024: €363▲ +104% vs 2023
2025: €-98k▼ -27203% vs 2024lowest in 5 years
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 2025: a loss of €98k after €1k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €391k
Fixed assets
€737 ▼ 53.0%
Current assets
€390k ▼ 10.3%
Equity and liabilities €391k
Equity
€51k ▼ 66.0%
Debt
€340k ▲ 18.4%
Debt's share of the balance-sheet total rises from 65.8% to 87.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-97k▼
2024 · €3k
Cash flow
€-97k▼
2024 · €2k
Current ratio
1.15▼
2024 · 1.51
Debt to equity
6.71▲
2024 · 1.93
ROE
-194.1%▼
2024 · 0.2%
ROA
-25.2%▼
2024 · 0.1%
Interest coverage
-430.36▼
2024 · 5.07
Debt ≤ 1 year
€340k▲
2024 · €287k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€436k€391k▼
Fixed assets21/28€2k€737▼
Tangible fixed assets22/27€2k€737▼
Furniture and vehicles24€2k€737▼
Current assets29/58€435k€390k▼
Amounts receivable within one year40/41€399k€344k▼
Trade receivables40€301k€244k▼
Other amounts receivable41€98k€100k▲
Cash at bank and in hand54/58€27k€37k▲
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€436k€391k▼
Equity10/15€149k€51k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€128k€30k▼
Amounts payable17/49€287k€340k▲
Amounts payable within one year42/48€287k€340k▲
Trade debts44€181k€128k▼
Suppliers440/4€181k€128k▼
Taxes, remuneration and social security45€2k€613▼
Taxes450/3€2k€613▼
Other amounts payable47/48€104k€211k▲
Income statement
Code20242025
Turnover70€242k-
Non-recurring operating income76A-€547
Goods, raw materials, services and sundry goods60/61€239k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€831▼
Other operating charges640/8€387€456▲
Non-recurring operating charges66A-€8k
Gross operating margin9900€3k€-89k▼
Operating profit (loss)9901€1k€-98k▼
Financial income75/76B€8€62▲
Recurring financial income75€8€62▲
Financial charges65/66B€516€226▼
Recurring financial charges65€516€226▼
Profit (loss) for the period before taxes9903€570€-98k▼
Income taxes67/77€208-
Profit (loss) for the period9904€363€-98k▼
Profit (loss) for the period to be appropriated9905€363€-98k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€30k▼
Profit (loss) brought forward from the previous period14P€128k€128k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €464k | €332k | €311k | €242k | - | - |
| Non-recurring operating income76A | - | - | - | - | €547 | - |
| Goods, raw materials, services and sundry goods60/61 | €347k | €314k | €314k | €239k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €473 | €1k | €1k | €2k | €831 | ▼ 45.9% |
| Other operating charges640/8 | €1k | €348 | €1k | €387 | €456 | ▲ 17.8% |
| Non-recurring operating charges66A | - | €2k | €5k | - | €8k | - |
| Gross operating margin9900 | €88k | €8k | €-3k | €3k | €-89k | ▼ 3,050% |
| Operating profit (loss)9901 | €86k | €5k | €-10k | €1k | €-98k | ▼ 9,196% |
| Financial income75/76B | €0 | €31 | - | €8 | €62 | ▲ 726% |
| Recurring financial income75 | €0 | €31 | - | €8 | €62 | ▲ 726% |
| Financial charges65/66B | €196 | €188 | €126 | €516 | €226 | ▼ 56.2% |
| Recurring financial charges65 | €196 | €188 | €126 | €516 | €226 | ▼ 56.2% |
| Profit (loss) for the period before taxes9903 | €85k | €4k | €-10k | €570 | €-98k | ▼ 17,332% |
| Income taxes67/77 | €28k | €1k | - | €208 | - | - |
| Profit (loss) for the period9904 | €58k | €3k | €-10k | €363 | €-98k | ▼ 27,203% |
| Profit (loss) for the period to be appropriated9905 | €58k | €3k | €-10k | €363 | €-98k | ▼ 27,203% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €283k | €355k | €380k | €436k | €391k | ▼ 10.4% |
| Fixed assets21/28 | €3k | €2k | €1k | €2k | €737 | ▼ 53.0% |
| Tangible fixed assets22/27 | €3k | €2k | €1k | €2k | €737 | ▼ 53.0% |
| Furniture and vehicles24 | €3k | €2k | €1k | €2k | €737 | ▼ 53.0% |
| Current assets29/58 | €280k | €353k | €379k | €435k | €390k | ▼ 10.3% |
| Amounts receivable within one year40/41 | €221k | €339k | €335k | €399k | €344k | ▼ 13.6% |
| Trade receivables40 | €105k | €245k | €235k | €301k | €244k | ▼ 18.7% |
| Other amounts receivable41 | €116k | €94k | €100k | €98k | €100k | ▲ 2.1% |
| Cash at bank and in hand54/58 | €53k | €6k | €36k | €27k | €37k | ▲ 36.4% |
| Deferred charges and accrued income490/1 | €6k | €8k | €8k | €9k | €8k | ▼ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €283k | €355k | €380k | €436k | €391k | ▼ 10.4% |
| Equity10/15 | €155k | €159k | €149k | €149k | €51k | ▼ 66.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | - | - | - | - | - |
| Other1109/19 | €19k | - | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €135k | €138k | €128k | €128k | €30k | ▼ 76.5% |
| Amounts payable17/49 | €128k | €197k | €232k | €287k | €340k | ▲ 18.4% |
| Amounts payable within one year42/48 | €128k | €197k | €232k | €287k | €340k | ▲ 18.4% |
| Trade debts44 | €85k | €83k | €100k | €181k | €128k | ▼ 29.2% |
| Suppliers440/4 | €85k | €83k | €100k | €181k | €128k | ▼ 29.2% |
| Taxes, remuneration and social security45 | €28k | €5k | €2k | €2k | €613 | ▼ 70.1% |
| Taxes450/3 | €28k | €5k | €2k | €2k | €613 | ▼ 70.1% |
| Other amounts payable47/48 | €15k | €108k | €130k | €104k | €211k | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €3k | €-10k | €363 | €-98k | ▼ 27,203% |
| + Depreciation and write-downs630 | €473 | €1k | €1k | €2k | €831 | ▼ 45.9% |
| Operating cash flow (approximation) | €58k | €5k | €-9k | €2k | €-97k | ▼ 5,232% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-47k | €30k | €-9k | €10k | ▲ 211% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-98k
Net result drops to €-98k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €363
Net result €363 after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Back to profitnet €58k
Net result €58k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €155k ▲58.7%
Equity rises from €98k to €155k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, La Louvière · 1 establishment unit since 2008
Ground area
280 m²
Building footprint
10 m²
Volume, LiDAR
55 m³
Parcel 55019A0161/00E000, Wallonia · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Braine(H-A) 56, 7110 La Louvière
since 20082.171.038.855
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55019A0161/00E000 | Wallonia | 280 m² | 1 · 10 m² | 5.8 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.
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Of 11,135 companies in sector 43910 we hold annual accounts for 5,489. 4,708 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
Contact
Phone
0475/75.65.88La Louvière
Scores and ratios are computed by Checked and are not a credit decision.