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LEANETH

Active
Private limited companyfounded 20215 yrs activeEngelandstraat 682, 1180 Ukkel, BelgiumKBO/BCE: BE 0766.544.181
Summary

The computed 12-month bankruptcy probability of LEANETH is 3.0% (moderate). The 2025 annual accounts show equity of €25,617 and a net result of €21,729. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 18458 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability99=
Solvency54▼-23
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.53 in 2024; short-term debt: 71.4% and cash: 56.2% of total assets), and 71.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
28.6%
Return on assets
24.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
21 d early
2024
55 d early
2023
30 d early
2022
27 d early
2021
20 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 31 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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 months
Position in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 9 April 2021, LEANETH was incorporated as a Private limited company.1 Total assets went from EUR 50,269 in 2021 to EUR 89,630 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€25,617▼ 24.4%
2024 · €33,888
Total assets
€89,630▲ 36.5%
2024 · €65,675
Net result
€21,729▲ 37.1%
2024 · €15,852
Working capital
€16,133▼ 3.4%
2024 · €16,707
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€36,218-€7,677▼ 78.8%-€2,762€20,800€28,688▲ 37.9%
Net result€27,148-€6,287▼ 76.8%-€3,400€15,852€21,729▲ 37.1%
Equity€30,148-€36,436▲ 20.9%€33,036▼ 9.3%€33,888▲ 2.6%€25,617▼ 24.4%
Total assets€50,269-€49,625▼ 1.3%€40,806▼ 17.8%€65,675▲ 60.9%€89,630▲ 36.5%
Debt€20,120-€13,189▼ 34.4%€7,770▼ 41.1%€31,787▲ 309%€64,013▲ 101%
Working capital€30,148-€8,150▼ 73.0%€10,765▲ 32.1%€16,707▲ 55.2%€16,133▼ 3.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000€40,000Operating result 2021: €36,218€36,218Net result 2021: €27,148€27,148Operating result 2022: €7,677€7,677Net result 2022: €6,287€6,287Operating result 2023: -€2,762-€2,762Net result 2023: -€3,400-€3,400Operating result 2024: €20,800€20,800Net result 2024: €15,852€15,852Operating result 2025: €28,688€28,688Net result 2025: €21,729€21,72920212022202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: -€2,762-€2,760Net result 2023: -€3,400-€3,400Operating result 2024: €20,800€20,800Net result 2024: €15,852€15,900Operating result 2025: €28,688€28,700Net result 2025: €21,729€21,700202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,630
Fixed assets €9,484 ▼ 44.8%
Current assets €80,146 ▲ 65.3%
Equity and liabilities €89,630
Equity €25,617 ▼ 24.4%
Debt €64,013 ▲ 101%
Debt's share of the balance-sheet total rises from 48.4% to 71.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€33,942▲
2024 · €26,967
Cash flow
€26,983▲
2024 · €22,018
Current ratio
1.25▼
2024 · 1.53
Debt to equity
2.50▲
2024 · 0.94
ROE
84.8%▲
2024 · 46.8%
ROA
24.2%▲
2024 · 24.1%
Interest coverage
174.20▲
2024 · 64.16
Debt ≤ 1 year
€64,013▲
2024 · €31,787
Income taxes
€6,764▲
2024 · €4,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€65,675€89,630▲
Fixed assets21/28€17,181€9,484▼
Tangible fixed assets22/27€17,181€9,484▼
Furniture and vehicles24€17,181€9,484▼
Current assets29/58€48,494€80,146▲
Amounts receivable within one year40/41€12,526€29,111▲
Trade receivables40€12,526€29,111▲
Cash at bank and in hand54/58€35,097€50,388▲
Deferred charges and accrued income490/1€871€647▼
Equity and liabilities
Total equity and liabilities10/49€65,675€89,630▲
Equity10/15€33,888€25,617▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€30,888€22,617▼
Amounts payable17/49€31,787€64,013▲
Amounts payable within one year42/48€31,787€64,013▲
Trade debts44€2,727€8,034▲
Suppliers440/4€2,727€8,034▲
Advances received on contracts in progress46-€367
Taxes, remuneration and social security45€16,310€29,862▲
Taxes450/3€14,777€24,235▲
Remuneration and social security454/9€1,533€5,628▲
Other amounts payable47/48€12,750€25,750▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,166€5,254▼
Other operating charges640/8€1,565€791▼
Non-recurring operating charges66A-€2,443
Gross operating margin9900€28,532€37,176▲
Operating profit (loss)9901€20,800€28,688▲
Financial charges65/66B€420€195▼
Recurring financial charges65€420€195▼
Profit (loss) for the period before taxes9903€20,380€28,493▲
Income taxes67/77€4,528€6,764▲
Profit (loss) for the period9904€15,852€21,729▲
Profit (loss) for the period to be appropriated9905€15,852€21,729▲
Appropriation of the result
Profit (loss) to be appropriated9906€45,888€52,617▲
Profit (loss) brought forward from the previous period14P€30,036€30,888▲
Profit to be distributed694/7€15,000€30,000▲
Return on contributions (dividend)694€15,000€30,000▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,491€6,014€6,166€5,254▼ 14.8%
Other operating charges640/8€348€348€489€1,565€791▼ 49.5%
Non-recurring operating charges66A----€2,443-
Gross operating margin9900€36,565€9,516€3,742€28,532€37,176▲ 30.3%
Operating profit (loss)9901€36,218€7,677-€2,762€20,800€28,688▲ 37.9%
Financial charges65/66B€20€0€480€420€195▼ 53.6%
Recurring financial charges65€20€0€480€420€195▼ 53.6%
Profit (loss) for the period before taxes9903€36,198€7,677-€3,242€20,380€28,493▲ 39.8%
Income taxes67/77€9,049€1,389€158€4,528€6,764▲ 49.4%
Profit (loss) for the period9904€27,148€6,287-€3,400€15,852€21,729▲ 37.1%
Profit (loss) for the period to be appropriated9905€27,148€6,287-€3,400€15,852€21,729▲ 37.1%
Line20212022202320242025Change
Assets
Total assets20/58€50,269€49,625€40,806€65,675€89,630▲ 36.5%
Fixed assets21/28-€28,286€22,271€17,181€9,484▼ 44.8%
Tangible fixed assets22/27-€28,286€22,271€17,181€9,484▼ 44.8%
Furniture and vehicles24-€28,286€22,271€17,181€9,484▼ 44.8%
Current assets29/58€50,269€21,339€18,535€48,494€80,146▲ 65.3%
Amounts receivable within one year40/41€6,196€9,478€1,346€12,526€29,111▲ 132%
Trade receivables40€6,196€9,478€1,346€12,526€29,111▲ 132%
Cash at bank and in hand54/58€44,073€11,862€17,189€35,097€50,388▲ 43.6%
Deferred charges and accrued income490/1---€871€647▼ 25.7%
Equity and liabilities
Total equity and liabilities10/49€50,269€49,625€40,806€65,675€89,630▲ 36.5%
Equity10/15€30,148€36,436€33,036€33,888€25,617▼ 24.4%
Contributions10/11€3,000€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14€27,148€33,436€30,036€30,888€22,617▼ 26.8%
Amounts payable17/49€20,120€13,189€7,770€31,787€64,013▲ 101%
Amounts payable within one year42/48€20,120€13,189€7,770€31,787€64,013▲ 101%
Trade debts44€1,079€2,409€1,874€2,727€8,034▲ 195%
Suppliers440/4€1,079€2,409€1,874€2,727€8,034▲ 195%
Advances received on contracts in progress46----€367-
Taxes, remuneration and social security45€18,441€10,141€5,897€16,310€29,862▲ 83.1%
Taxes450/3€16,872€6,695€5,897€14,777€24,235▲ 64.0%
Remuneration and social security454/9€1,570€3,446-€1,533€5,628▲ 267%
Other amounts payable47/48€600€639-€12,750€25,750▲ 102%
Line20212022202320242025Change
Profit (loss) for the period9904€27,148€6,287-€3,400€15,852€21,729▲ 37.1%
+ Depreciation and write-downs630-€1,491€6,014€6,166€5,254▼ 14.8%
Operating cash flow (approximation)€27,148€7,779€2,615€22,018€26,983▲ 22.5%
Investment in fixed assets (approximation)--€0-€1,076€2,443▲ 327%
Change in cash--€32,211€5,328€17,907€15,291▼ 14.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €15,852
Net result €15,852 after one loss-making year.
01-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€3,400
Net result drops to -€3,400, the lowest in the series; recovery starts the following year.
04-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
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, Ukkel · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
367 m²
Building footprint
200 m²
Volume, LiDAR
1,334 m³
Parcel 21614F0348/00T005, Brussels · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Engelandstraat 682, 1180 Ukkel
NACE 45111
since 20212.317.216.172
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21614F0348/00T005 Brussels 367 m² 1 · 200 m² 7.9 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.

Similar companies · same sector, comparable size

Of 12,954 companies in sector 47120 we hold annual accounts for 2,190. 1,438 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
Founded09-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
46712Wholesale trade
46170Agents in the wholesale of food, beverages and tobacco
46190Agents in non-specialised wholesale trade
62200Computer consultancy and computer facilities management
74120Graphic design and visual communication
Contact
Website leaneth.com
E-mail contact@leaneth.com

Scores and ratios are computed by Checked and are not a credit decision.