LEAS
ActiveSummary
LEAS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61k and a net result of €14k. Equity is growing by ~57.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+24
Solvency89▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.17 in 2023; short-term debt: 35.6% and cash: 14.1% of total assets), and 35.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2024Solvency, return and age of the figures
Solvency
64.4%
Return on assets
14.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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
not confirmed
2024
19 d late
2023
64 d late
2022
22 d late
2021
79 d late
2020
25 d late
2019
80 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€61k▲ 29.0%
2023 · €47k
2018: €4k
2019: €-10k▼ -371% vs 2018lowest in 7 years
2020: €4k▲ +142% vs 2019
2021: €24k▲ +467% vs 2020
2022: €41k▲ +72.3% vs 2021
2023: €47k▲ +15.7% vs 2022
2024: €61k▲ +29.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€95k▲ 15.3%
2023 · €82k
2018: €69k
2019: €47k▼ -31.3% vs 2018lowest in 7 years
2020: €64k▲ +36.3% vs 2019
2021: €72k▲ +11.7% vs 2020
2022: €85k▲ +18.6% vs 2021
2023: €82k▼ -3.8% vs 2022
2024: €95k▲ +15.3% vs 2023highest in 7 years
2018 → 2024
Net result
€14k▲ 114%
2023 · €6k
2018: €-7k
2019: €-14k▼ -101% vs 2018lowest in 7 years
2020: €14k▲ +203% vs 2019
2021: €19k▲ +37.2% vs 2020highest in 7 years
2022: €17k▼ -12.3% vs 2021
2023: €6k▼ -62.6% vs 2022
2024: €14k▲ +114% vs 2023
2018 → 2024
Working capital
€55k▲ 34.4%
2023 · €41k
2018: €3k
2019: €-10k▼ -386% vs 2018lowest in 7 years
2020: €8k▲ +176% vs 2019
2021: €29k▲ +277% vs 2020
2022: €38k▲ +30.8% vs 2021
2023: €41k▲ +8.7% vs 2022
2024: €55k▲ +34.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4k-€24k▲ 467%€41k▲ 72.3%€47k▲ 15.7%€61k▲ 29.0%
2020: €4klowest in 5 years
2021: €24k▲ +467% vs 2020
2022: €41k▲ +72.3% vs 2021
2023: €47k▲ +15.7% vs 2022
2024: €61k▲ +29.0% vs 2023highest in 5 years
Operating result€29k-€32k▲ 10.6%€23k▼ 28.6%€16k▼ 32.6%€26k▲ 70.1%
2020: €29k
2021: €32k▲ +10.6% vs 2020highest in 5 years
2022: €23k▼ -28.6% vs 2021
2023: €16k▼ -32.6% vs 2022lowest in 5 years
2024: €26k▲ +70.1% vs 2023
Net result€14k-€19k▲ 37.2%€17k▼ 12.3%€6k▼ 62.6%€14k▲ 114%
2020: €14k
2021: €19k▲ +37.2% vs 2020highest in 5 years
2022: €17k▼ -12.3% vs 2021
2023: €6k▼ -62.6% vs 2022lowest in 5 years
2024: €14k▲ +114% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 70% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €95k
Fixed assets
€6k ▼ 4.9%
Current assets
€88k ▲ 17.0%
Equity and liabilities €95k
Equity
€61k ▲ 29.0%
Debt
€34k ▼ 3.3%
Debt's share of the balance-sheet total falls from 42.5% to 35.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▲
2023 · €18k
Cash flow
€16k▲
2023 · €9k
Current ratio
2.63▲
2023 · 2.17
Debt to equity
0.55▼
2023 · 0.74
ROE
22.5%▲
2023 · 13.6%
ROA
14.5%▲
2023 · 7.8%
Interest coverage
5.88▲
2023 · 3.96
Debt ≤ 1 year
€34k▼
2023 · €35k
Income taxes
€8k▲
2023 · €5k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€82k€95k▲
Fixed assets21/28€6k€6k▼
Tangible fixed assets22/27€6k€6k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€585€355▼
Furniture and vehicles24€4k€5k▲
Current assets29/58€76k€88k▲
Amounts receivable within one year40/41€58k€73k▲
Trade receivables40€18k€17k▼
Other amounts receivable41€40k€56k▲
Cash at bank and in hand54/58€17k€13k▼
Deferred charges and accrued income490/1€399€2k▲
Equity and liabilities
Total equity and liabilities10/49€82k€95k▲
Equity10/15€47k€61k▲
Contributions10/11€8k€8k=
Profit (loss) carried forward14€39k€53k▲
Amounts payable17/49€35k€34k▼
Amounts payable within one year42/48€35k€34k▼
Current portion of amounts payable after more than one year42-€3k
Trade debts44€14k€12k▼
Suppliers440/4€14k€12k▼
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€18k€18k▲
Taxes450/3€16k€16k▲
Remuneration and social security454/9€2k€2k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A€284-
Gross operating margin9900€23k€33k▲
Operating profit (loss)9901€16k€26k▲
Financial income75/76B€135-
Recurring financial income75€135-
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€11k€21k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€6k€14k▲
Profit (loss) for the period to be appropriated9905€6k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€53k▲
Profit (loss) brought forward from the previous period14P€33k€39k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €2k | €2k | €3k | ▲ 7.1% |
| Other operating charges640/8 | - | €7k | €1k | €5k | €4k | ▼ 17.5% |
| Non-recurring operating charges66A | - | - | - | €284 | - | - |
| Gross operating margin9900 | €53k | €46k | €27k | €23k | €33k | ▲ 42.0% |
| Operating profit (loss)9901 | €29k | €32k | €23k | €16k | €26k | ▲ 70.1% |
| Financial income75/76B | - | €2k | €5 | €135 | - | - |
| Recurring financial income75 | €0 | €2k | €5 | €135 | - | - |
| Financial charges65/66B | - | €2k | €2k | €5k | €5k | ▲ 9.0% |
| Recurring financial charges65 | €3k | €2k | €2k | €5k | €5k | ▲ 9.0% |
| Profit (loss) for the period before taxes9903 | €26k | €32k | €22k | €11k | €21k | ▲ 92.8% |
| Income taxes67/77 | €12k | €12k | €4k | €5k | €8k | ▲ 64.0% |
| Profit (loss) for the period9904 | €14k | €19k | €17k | €6k | €14k | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €14k | €19k | €17k | €6k | €14k | ▲ 114% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64k | €72k | €85k | €82k | €95k | ▲ 15.3% |
| Fixed assets21/28 | €8k | €4k | €6k | €6k | €6k | ▼ 4.9% |
| Tangible fixed assets22/27 | €8k | €4k | €6k | €6k | €6k | ▼ 4.9% |
| Land and buildings22 | - | €740 | €2k | €2k | €1k | ▼ 30.3% |
| Plant, machinery and equipment23 | - | €1k | €815 | €585 | €355 | ▼ 39.3% |
| Furniture and vehicles24 | - | €2k | €3k | €4k | €5k | ▲ 9.9% |
| Current assets29/58 | €56k | €68k | €79k | €76k | €88k | ▲ 17.0% |
| Amounts receivable within one year40/41 | €45k | €52k | €61k | €58k | €73k | ▲ 25.9% |
| Trade receivables40 | - | €21k | €23k | €18k | €17k | ▼ 4.5% |
| Other amounts receivable41 | - | €31k | €38k | €40k | €56k | ▲ 39.8% |
| Cash at bank and in hand54/58 | €12k | €15k | €18k | €17k | €13k | ▼ 22.0% |
| Deferred charges and accrued income490/1 | - | €425 | - | €399 | €2k | ▲ 403% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64k | €72k | €85k | €82k | €95k | ▲ 15.3% |
| Equity10/15 | €4k | €24k | €41k | €47k | €61k | ▲ 29.0% |
| Contributions10/11 | €6k | €6k | €6k | €8k | €8k | = |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €-4k | €16k | €33k | €39k | €53k | ▲ 35.0% |
| Amounts payable17/49 | €60k | €48k | €45k | €35k | €34k | ▼ 3.3% |
| Amounts payable after more than one year17 | €11k | €5k | - | - | - | - |
| Financial debts170/4 | - | €5k | - | - | - | - |
| Amounts payable within one year42/48 | €49k | €39k | €42k | €35k | €34k | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | - | €6k | €7k | - | €3k | - |
| Financial debts43 | - | €40 | - | - | - | - |
| Credit institutions430/8 | - | €40 | - | - | - | - |
| Trade debts44 | €9k | €6k | €13k | €14k | €12k | ▼ 13.2% |
| Suppliers440/4 | - | €6k | €13k | €14k | €12k | ▼ 13.2% |
| Advances received on contracts in progress46 | - | - | - | €3k | - | - |
| Taxes, remuneration and social security45 | - | €27k | €21k | €18k | €18k | ▲ 1.7% |
| Taxes450/3 | - | €25k | €19k | €16k | €16k | ▲ 1.9% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €2k | = |
| Accrued charges and deferred income492/3 | - | €4k | €3k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €19k | €17k | €6k | €14k | ▲ 114% |
| + Depreciation and write-downs630 | €6k | €7k | €2k | €2k | €3k | ▲ 7.1% |
| Operating cash flow (approximation) | €21k | €26k | €20k | €9k | €16k | ▲ 84.8% |
| Investment in fixed assets (approximation) | - | €-3k | €-5k | €-3k | €-2k | ▲ 10.8% |
| Change in cash | - | €4k | €2k | €-781 | €-4k | ▼ 381% |
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
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Highest result since 2018net €19k ▲37.2%
Operating result €32k, net result €19k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tournai · 1 establishment unit since 2012
Ground area
240 m²
Building footprint
73 m²
Volume, LiDAR
1,125 m³
Parcel 57463L0484/00P051, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LEAS
since 20122.212.559.310
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0484/00P051 | Wallonia | 240 m² | 1 · 73 m² | 16.8 m · 5 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 1,276 companies in sector 46160 we hold annual accounts for 686. 532 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
Founded30-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
Scores and ratios are computed by Checked and are not a credit decision.