LECOYER
ActiveSummary
LECOYER has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €-14k. Equity is shrinking by ~22.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 54% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency84▲+16
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.87 against 1.08 in 2024; short-term debt: 41.4% and cash: 2.5% of total assets), and 41.4% 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+raises risk○neutral
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
58.6%
Return on assets
-15.5%
Age of the figures
16 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-14k
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 30-12-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
25 d early
2023
13 d early
2022
58 d late
2021
150 d late
2020
61 d late
2019
14 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 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close24-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▼ 20.9%
2024 · €68k
2019: €537k
2020: €527k
2021: €556k
2022: €421k
2023: €350k
2024: €68k
2019 → 2025
Total assets
€92k▼ 42.6%
2024 · €160k
2019: €543k
2020: €557k
2021: €590k
2022: €594k
2023: €455k
2024: €160k
2019 → 2025
Net result
€-14k▲ 93.6%
2024 · €-222k
2019: €5k
2020: €-10k
2021: €29k
2022: €14k
2023: €13k
2024: €-222k
2019 → 2025
Working capital
€-5k
2024 · €8k
2019: €415k
2020: €403k
2021: €421k
2022: €287k
2023: €222k
2024: €8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€556k-€421k▼ 24.4%€350k▼ 16.8%€68k▼ 80.6%€54k▼ 20.9%
Operating result€21k-€21k▼ 1.4%€6k▼ 73.1%€-95k€-14k▲ 85.0%
Net result€29k-€14k▼ 50.8%€13k▼ 11.9%€-222k€-14k▲ 93.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €95k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92k
Fixed assets
€59k ▼ 2.7%
Current assets
€33k ▼ 66.7%
Equity and liabilities €92k
Equity
€54k ▼ 20.9%
Debt
€38k ▼ 58.6%
Debt's share of the balance-sheet total falls from 57.5% to 41.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-13k▲
2024 · €-89k
Cash flow
€-13k▲
2024 · €-217k
Current ratio
0.87▼
2024 · 1.08
Debt to equity
0.71▼
2024 · 1.35
ROE
-26.4%▲
2024 · -326.1%
ROA
-15.5%▲
2024 · -138.7%
Interest coverage
-22.19▼
2024 · -0.79
Debt ≤ 1 year
€38k▼
2024 · €92k
Income taxes
€471▼
2024 · €17k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€160k€92k▼
Fixed assets21/28€60k€59k▼
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€426€0▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€58k€58k=
Current assets29/58€100k€33k▼
Amounts receivable within one year40/41€86k€21k▼
Trade receivables40€51k€21k▼
Other amounts receivable41€35k€44▼
Current investments50/53€7k€7k▲
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€160k€92k▼
Equity10/15€68k€54k▼
Contributions10/11€12k€12k=
Reserves13€56k€42k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€56k€42k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€92k€38k▼
Amounts payable within one year42/48€92k€38k▼
Financial debts43€3k€1k▼
Credit institutions430/8€3k€1k▼
Trade debts44€24k€21k▼
Suppliers440/4€24k€21k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48€60k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€606€1k▲
Non-recurring operating charges66A€100k€0▼
Gross operating margin9900€11k€-11k▼
Operating profit (loss)9901€-95k€-14k▲
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Financial charges65/66B€114k€567▼
Recurring financial charges65€114k€567▼
Profit (loss) for the period before taxes9903€-205k€-14k▲
Income taxes67/77€17k€471▼
Profit (loss) for the period9904€-222k€-14k▲
Profit (loss) for the period to be appropriated9905€-222k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-222k€-14k▲
Transfer from equity791/2€282k€14k▼
Profit to be distributed694/7€60k€0▼
Return on contributions (dividend)694€60k€0▼
The notes to these accounts (7 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
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
06-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-05
Financial
Weakest financial yearnet €-222k ▼1841%
Net result drops to €-222k, the lowest in the series; recovery starts the following year.
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 150 days late
2021
31-05
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 395 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 1 establishment unit since 2001
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.
Fabrieksstraat 171000 BrusselGround area
821 m²
Building footprint
305 m²
Volume, LiDAR
4,404 m³
Parcel 21811M1406/00V000, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LECOYER SPRL
since 20012.094.276.520
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M1406/00V000 | Brussels | 821 m² | 1 · 305 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
8755006ZOVYH64P69144
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Of 2,713 companies in sector 73200 we hold annual accounts for 1,783. 1,174 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 formPrivate limited company
Founded11-10-2000
Fiscal year end31-05
Activities, NACEBEL 2025
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.