LECOVA
ActiveSummary
LECOVA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.67M and a net result of €63k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-5
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 12.32 against 12.0 in 2024; short-term debt: 5.7% and cash: 69% of total assets), and 5.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.1%
Return on assets
1.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
5 d early
2023
4 d early
2022
5 d early
2021
3 d early
2020
4 d late
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.67M▼ 4.0%
2024 · €3.82M
2018: €3.00M
2019: €3.22M
2020: €3.39M
2021: €3.55M
2022: €3.66M
2023: €3.80M
2024: €3.82M
2018 → 2025
Total assets
€3.90M▼ 4.3%
2024 · €4.08M
2018: €3.07M
2019: €3.26M
2020: €3.44M
2021: €3.77M
2022: €3.80M
2023: €3.92M
2024: €4.08M
2018 → 2025
Net result
€63k▼ 72.4%
2024 · €230k
2018: €158k
2019: €212k
2020: €170k
2021: €316k
2022: €195k
2023: €221k
2024: €230k
2018 → 2025
Working capital
€2.51M▼ 5.5%
2024 · €2.66M
2018: €1.89M
2019: €2.15M
2020: €2.33M
2021: €2.40M
2022: €2.50M
2023: €2.64M
2024: €2.66M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.55M-€3.66M▲ 3.1%€3.80M▲ 3.8%€3.82M▲ 0.5%€3.67M▼ 4.0%
Operating result€466k-€298k▼ 36.0%€309k▲ 3.8%€303k▼ 1.9%€60k▼ 80.3%
Net result€316k-€195k▼ 38.2%€221k▲ 12.9%€230k▲ 4.4%€63k▼ 72.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 80% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.90M
Fixed assets
€1.16M ▼ 1.1%
Current assets
€2.74M ▼ 5.7%
Equity and liabilities €3.90M
Equity
€3.67M ▼ 4.0%
Debt
€229k ▼ 10.1%
Debt's share of the balance-sheet total falls from 6.2% to 5.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€72k▼
2024 · €315k
Cash flow
€76k▼
2024 · €242k
Current ratio
12.32▲
2024 · 12.00
Debt to equity
0.06▼
2024 · 0.07
ROE
1.7%▼
2024 · 6.0%
ROA
1.6%▼
2024 · 5.6%
Interest coverage
55.75▼
2024 · 1520.51
Debt ≤ 1 year
€222k▼
2024 · €242k
Debt > 1 year
€6k▼
2024 · €12k
Income taxes
€40k▼
2024 · €98k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.08M€3.90M▼
Fixed assets21/28€1.18M€1.16M▼
Tangible fixed assets22/27€1.17M€1.16M▼
Land and buildings22€1.15M€1.14M▼
Plant, machinery and equipment23€29k€23k▼
Financial fixed assets28€2k€2k=
Current assets29/58€2.90M€2.74M▼
Amounts receivable within one year40/41€53k€38k▼
Other amounts receivable41€53k€38k▼
Cash at bank and in hand54/58€2.84M€2.69M▼
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€4.08M€3.90M▼
Equity10/15€3.82M€3.67M▼
Contributions10/11€942k€942k=
Capital10€942k€942k=
Issued capital100€942k€942k=
Revaluation surpluses12€96k€96k=
Reserves13€1.65M€1.50M▼
Non-distributable reserves130/1€94k€94k=
Legal reserve130€94k€94k=
Distributable reserves133€1.56M€1.41M▼
Profit (loss) carried forward14€1.13M€1.14M=
Amounts payable17/49€254k€229k▼
Amounts payable after more than one year17€12k€6k▼
Other amounts payable178/9€12k€6k▼
Amounts payable within one year42/48€242k€222k▼
Trade debts44€3k€712▼
Suppliers440/4€3k€712▼
Taxes, remuneration and social security45€28k€6k▼
Taxes450/3€28k€6k▼
Other amounts payable47/48€210k€215k▲
Accrued charges and deferred income492/3€820€845▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€33k€28k▼
Gross operating margin9900€348k€101k▼
Operating profit (loss)9901€303k€60k▼
Financial income75/76B€25k€44k▲
Recurring financial income75€25k€44k▲
Financial charges65/66B€207€1k▲
Recurring financial charges65€207€1k▲
Profit (loss) for the period before taxes9903€328k€103k▼
Income taxes67/77€98k€40k▼
Profit (loss) for the period9904€230k€63k▼
Profit (loss) for the period to be appropriated9905€230k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.36M€1.20M▼
Profit (loss) brought forward from the previous period14P€1.13M€1.13M=
Transfer from equity791/2€210k€215k▲
Transfer to equity691/2€230k€63k▼
To other reserves6921€230k€63k▼
Profit to be distributed694/7€210k€215k▲
Return on contributions (dividend)694€210k€215k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €63k ▼72.4%
Net result drops to €63k, the lowest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €316k ▲85.8%
Operating result €466k, net result €316k, both a record.
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tielt · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Deinsesteenweg 168700 TieltGround area
1.1 ha
Building footprint
6,771 m²
Volume, LiDAR
1,439 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LECOVA
since 19882.040.460.722
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0565/00B000 | Flanders | 7,886 m² | 1 · 6,530 m² | - |
| 37302E0555/00T000 | Flanders | 3,382 m² | 1 · 242 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
JVS CONSULTING SERVICES
BE 0867.716.567
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BK INVEST
BE 0876.515.754
Gent · Eq €3,674,731
MOMA IMMO
BE 0764.407.609
Liège · Eq €3,675,235
VENTIGRATE
BE 0449.188.489
Kontich · Eq €3,676,124
MDW PROJECTS
BE 0891.743.863
Destelbergen · Eq €3,676,384
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 13,893 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-08-1988
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Jaarverslag. Bespreking/goedkeuring jaarrekening, d.d. 30 september 2008. Kwijting aan bestuurders. Varia. Zie statuten. (AOPC1900105/19.01)