LEDABEL
ActiveSummary
The computed 12-month bankruptcy probability of LEDABEL is 1.7% (moderate). The 2025 annual accounts show equity of €71,033 and a net result of €22,722. Equity is growing by ~46.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 18606 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-10
Solvency37▼-2
Growth52=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.12 against 1.15 in 2024; short-term debt: 87.3% and cash: 3% of total assets), and 87.8% of the assets are financed with debt.
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Signals
Four 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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
12.2%
Return on assets
3.9%
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 30-04-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 7 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€71,033▲ 47.0%
2024 · €48,311
Total assets
€580,983▲ 73.8%
2024 · €334,311
Net result
€22,722▲ 2.3%
2024 · €22,204
Working capital
€61,573▲ 47.6%
2024 · €41,713
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€32,736-€32,103▼ 1.9%€38,514▲ 20.0%
Net result€23,607above the sector's middle half-€22,204above the sector's middle half▼ 5.9%€22,722within the sector's middle half▲ 2.3%
Equity€26,107within the sector's middle half-€48,311within the sector's middle half▲ 85.1%€71,033within the sector's middle half▲ 47.0%
Total assets€185,738within the sector's middle half-€334,311above the sector's middle half▲ 80.0%€580,983above the sector's middle half▲ 73.8%
Debt€159,632-€286,000▲ 79.2%€509,950▲ 78.3%
Working capital€20,596within the sector's middle half-€41,713within the sector's middle half▲ 103%€61,573within the sector's middle half▲ 47.6%
Solvency14.1%within the sector's middle half-14.5%within the sector's middle half▲ 0.4pp12.2%within the sector's middle half▼ 2.2pp
Current ratio1.14within the sector's middle half-1.15within the sector's middle half▲ 0.011.12within the sector's middle half▼ 0.03
Return on assets (ROA)12.7%above the sector's middle half-6.6%within the sector's middle half▼ 6.1pp3.9%within the sector's middle half▼ 2.7pp
Staff (FTE)1.31.5▲ 15.4%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €580,983
Fixed assets
€12,481 ▼ 19.0%
Current assets
€568,502 ▲ 78.3%
Equity and liabilities €580,983
Equity
€71,033 ▲ 47.0%
Debt
€509,950 ▲ 78.3%
Debt's share of the balance-sheet total rises from 85.5% to 87.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,202▲
2024 · €36,493
Cash flow
€27,410▲
2024 · €26,594
Quick ratio
0.88▲
2024 · 0.33
Debt to equity
7.18▲
2024 · 5.92
ROE
32.0%▼
2024 · 46.0%
Interest coverage
5.17▼
2024 · 6.88
Debt ≤ 1 year
€506,929▲
2024 · €277,185
Debt > 1 year
€3,021▼
2024 · €8,815
Income taxes
€7,610▲
2024 · €6,266
Staff costs
€78,148▲
2024 · €42,672
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.3%
went bankrupt
1.1%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,541 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €42,672 | €78,148 | ▲ 83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,387 | €4,390 | €4,688 | ▲ 6.8% |
| Other operating charges640/8 | - | €606 | €1,253 | ▲ 107% |
| Gross operating margin9900 | €36,123 | €79,771 | €122,603 | ▲ 53.7% |
| Operating profit (loss)9901 | €32,736 | €32,103 | €38,514 | ▲ 20.0% |
| Financial income75/76B | €1,088 | €1,672 | €182 | ▼ 89.1% |
| Recurring financial income75 | €1,088 | €1,672 | €182 | ▼ 89.1% |
| Financial charges65/66B | €2,215 | €5,305 | €8,363 | ▲ 57.7% |
| Recurring financial charges65 | €2,215 | €5,305 | €8,363 | ▲ 57.7% |
| Profit (loss) for the period before taxes9903 | €31,609 | €28,470 | €30,332 | ▲ 6.5% |
| Income taxes67/77 | €8,002 | €6,266 | €7,610 | ▲ 21.5% |
| Profit (loss) for the period9904 | €23,607 | €22,204 | €22,722 | ▲ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €23,607 | €22,204 | €22,722 | ▲ 2.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €185,738 | €334,311 | €580,983 | ▲ 73.8% |
| Fixed assets21/28 | €19,802 | €15,412 | €12,481 | ▼ 19.0% |
| Tangible fixed assets22/27 | €19,802 | €15,412 | €12,481 | ▼ 19.0% |
| Furniture and vehicles24 | €19,802 | €15,412 | €12,481 | ▼ 19.0% |
| Current assets29/58 | €165,936 | €318,899 | €568,502 | ▲ 78.3% |
| Stocks and contracts in progress3 | €150,428 | €227,204 | €124,204 | ▼ 45.3% |
| Stocks30/36 | €150,428 | €227,204 | €124,204 | ▼ 45.3% |
| Amounts receivable within one year40/41 | €9,938 | €64,379 | €426,847 | ▲ 563% |
| Trade receivables40 | €4,858 | €64,365 | €425,645 | ▲ 561% |
| Other amounts receivable41 | €5,080 | €14 | €1,202 | ▲ 8,591% |
| Cash at bank and in hand54/58 | €5,570 | €27,316 | €17,451 | ▼ 36.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €185,738 | €334,311 | €580,983 | ▲ 73.8% |
| Equity10/15 | €26,107 | €48,311 | €71,033 | ▲ 47.0% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €23,607 | €45,811 | €68,533 | ▲ 49.6% |
| Amounts payable17/49 | €159,632 | €286,000 | €509,950 | ▲ 78.3% |
| Amounts payable after more than one year17 | €14,291 | €8,815 | €3,021 | ▼ 65.7% |
| Financial debts170/4 | €14,291 | €8,815 | €3,021 | ▼ 65.7% |
| Amounts payable within one year42/48 | €145,340 | €277,185 | €506,929 | ▲ 82.9% |
| Current portion of amounts payable after more than one year42 | €5,177 | €5,477 | €5,794 | ▲ 5.8% |
| Financial debts43 | €5,319 | - | €98,006 | - |
| Credit institutions430/8 | €5,319 | - | €98,006 | - |
| Trade debts44 | €115,199 | €246,225 | €350,929 | ▲ 42.5% |
| Suppliers440/4 | €115,199 | €246,225 | €286,448 | ▲ 16.3% |
| Bills of exchange payable441 | - | - | €64,481 | - |
| Taxes, remuneration and social security45 | €12,362 | €20,677 | €27,127 | ▲ 31.2% |
| Taxes450/3 | €8,362 | €7,100 | €9,998 | ▲ 40.8% |
| Remuneration and social security454/9 | €4,000 | €13,577 | €17,130 | ▲ 26.2% |
| Other amounts payable47/48 | €7,284 | €4,807 | €25,073 | ▲ 422% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,607 | €22,204 | €22,722 | ▲ 2.3% |
| + Depreciation and write-downs630 | €3,387 | €4,390 | €4,688 | ▲ 6.8% |
| Operating cash flow (approximation) | €26,994 | €26,594 | €27,410 | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | €0 | -€1,757 | - |
| Change in cash | - | €21,746 | -€9,865 | ▼ 145% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €22,204 ▼5.9%
Net result drops to €22,204, the lowest in the series; recovery starts the following year.
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zaventem · 1 establishment unit since 2022
Ground area
1,858 m²
Building footprint
596 m²
Volume, LiDAR
4,741 m³
Parcel 23094D0045/00P003, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
83
companies at this address
See who is registered here
1 establishment unit
LEDABEL
since 20222.328.861.518
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0045/00P003 | Flanders | 1,858 m² | 1 · 596 m² | 13.3 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 34,394 EUR awarded · 9,394 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2024 | 1 | 25,000 EUR | 0 EUR |
| 2023 | 1 | 4,725 EUR | 4,725 EUR |
| 2022 | 1 | 4,669 EUR | 4,669 EUR |
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Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,539 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
Founded03-03-2022
Fiscal year end30-09
Activities, NACEBEL 2025
47120Other non-specialised retail sale
77222Rental and leasing activities
26110Manufacture of computer, electronic and optical products
43211General electrical installation work
47552Retail sale of lighting equipment
73110Advertising agencies
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782847012
Also
9925:BE0782847012
Registered
05-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.