Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Lower solvency than 95% of companies in real estate. Sector median 28.9% · 17,190 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 23% on liquidity, 95% on profitability and 25% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 77 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LEAPS Brussels | €2,181 | €18,839 | -2152.0% | - |
| Waterloo 108 Waterloo | €4,961 | €34,966 | -5348.5% | - |
| Imagine Consult Auderghem | €1,726 | €17,967 | -37.4% | - |
| SRL IMMO PEP & GIO Courcelles | €2,575 | - | -1093.5% | - |
| Soul Real Estate Ghent | €9,462 | €34,987 | 19.6% | - |
| Villa Vandra Beveren-Kruibeke-Zwijndrecht | €11,364 | €16,081 | -130.4% | - |
| Drive and joy Schaerbeek | €4,168 | €2,968 | 100.0% | - |
These companies have the same main activity as LEAPS: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €1,730 and €11,400, founded between 2008 and 2022.
LEAPS files the micro format. That format states no turnover. The gross margin rose from -€16,416 in 2022 to €18,839 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €51,000. Estimated: probably between €34,000 and €81,000.
Higher than 12% of 19,156 companies in 2024.
Lower than 95% of 18,317 companies in 2024.
Higher than 13% of 18,795 companies in 2024.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
2,181 | 366,106 | 283,566 | 3,566 | |
21/28 |
1,363 | 361,510 | 279,854 | - | |
22/27 |
- | 360,087 | 279,794 | - | |
22 |
- | 272,094 | 279,794 | - | |
26 |
- | 87,993 | - | - | |
28 |
1,363 | 1,423 | 60 | - | |
29/58 |
818 | 4,596 | 3,712 | 3,566 | |
40/41 |
300 | 2,594 | 2,594 | 2,592 | |
41 |
300 | 2,594 | 2,594 | 2,592 | |
54/58 |
518 | 1,938 | 1,117 | 975 | |
490/1 |
- | 64 | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
2,181 | 366,106 | 283,566 | 3,566 | |
10/15 |
-46,931 | -41,498 | -12,511 | 3,431 | |
10/11 |
2,000 | 20,000 | 20,000 | 20,000 | |
14 |
-48,931 | -61,498 | -32,511 | -16,569 | |
17/49 |
49,112 | 407,604 | 296,077 | 135 | |
17 |
- | 235,000 | 175,000 | - | |
170/4 |
- | 235,000 | 175,000 | - | |
42/48 |
49,112 | 165,878 | 118,295 | 135 | |
44 |
- | 4,766 | 843 | 45 | |
440/4 |
- | 4,766 | 843 | 45 | |
47/48 |
49,112 | 161,112 | 117,452 | 90 | |
492/3 |
- | 6,726 | 2,782 | - | |
| Income statement | |||||
76A |
33,737 | - | - | - | |
9900 |
18,839 | -1,898 | -10,342 | -16,416 | |
630 |
- | 12,083 | 1,456 | - | |
640/8 |
2,301 | 2,231 | 335 | 91 | |
9901 |
16,538 | -16,212 | -12,133 | -16,507 | |
65/66B |
3,971 | 12,775 | 3,810 | 62 | |
65 |
3,971 | 12,775 | 3,810 | 62 | |
9903 |
12,567 | -28,987 | -15,942 | -16,569 | |
9904 |
12,567 | -28,987 | -15,942 | -16,569 | |
9905 |
12,567 | -28,987 | -15,942 | -16,569 | |
| Appropriation of the result | |||||
9906 |
-48,931 | -61,498 | -32,511 | -16,569 | |
14P |
-61,498 | -32,511 | -16,569 | - | |
| Document | |||||
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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 19-04-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| - | -4,129 | -10,677 | - | ||
| - | -16,904 | -14,487 | - | ||
| - | 93,739 | 281,310 | - | ||
| -1,420 | 820 | 143 | - | ||
| -48,295 | -161,282 | -114,583 | 3,431 | ||
| - | -11.3% | -4.4% | - | ||
| - | 0.03 | 0.03 | - | ||
| - | -7.9% | -5.6% | - | ||
| - | -0.32 | -2.80 | - |
The ratios are withheld because a balance sheet total of €2,181 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €92,375 | €281,250 | - |
| Financial fixed assets | - | €1,363 | €60 | - |
| - | €12,083 | €1,456 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €16,538, after a loss of €16,212 in 2024. It is the highest result since 2022.
Equity is negative. Debt (€49,112) exceeds the balance-sheet total (€2,181).
LEAPS has no parent and no holdings in its annual accounts. Van den Nest Bernard is the only director.
| Kijani Almasi
establishment since 22-07-2021 · founded in 2021 |
total assets €113,541 (2026) 0771.646.480 |
| KAPS LAB
registered office since 30-06-2021 · founded in 2021 |
total assets €78,477 (2025) 0770.547.115 |
| Mirkes, Christine (sole trader)
establishment since 01-10-2021 |
founded in 2021 0775.532.321 |
| EINSTIJN CONSULTING
registered office since 19-04-2018 |
founded in 2018 0694.882.264 |
| CDH HOLDING
registered office since 17-03-2015 |
founded in 2015 0604.998.403 |
| Calqi via VANDEN BUSSCHE Kasper Lodewijk Karel, at LEAPS until 2023 · Director (not named in the articles) · deed of 31-03-2022 founded in 2022 |
total assets €719,949 (2025) |
| KAPS LAB via VANDEN BUSSCHE Kasper Lodewijk Karel, at LEAPS until 2023 · Director (not named in the articles) · deed of 02-07-2021 founded in 2021 |
total assets €78,477 (2025) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de Molenbeek 169B, 1020 Laeken registered office | 26-05-2023 | |
| LEAPS FIT Molenbeeksestraat 169, 1020 Brussels 47120 Other non-specialised retail sale | 04-06-2021 | 2.318.170.237 |
Registered office since 26-05-2023, per the deed of 08-06-2023
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21815D0137/00Z005 | 4,885 m² | 1 · 2,229 m² | 19.8 m · 5 |
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