Ledar
ActiveThe computed 12-month bankruptcy probability of Ledar is 1.6% (moderate). The 2025 annual accounts show negative equity (€-3k) and a net result of €-19k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 8% of 27711 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-19
Solvency18▼-25
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.49 in 2024; short-term debt: 66.7% and cash: 0.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
-6.8%
Return on assets
-37%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-3k
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 27-04-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
5 d early
2023
4 d early
2022
5 d late
2021
48 d late
2020
on the day
2019
30 d early
← before the deadline
after the deadline →
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
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-3k
2024 · €15k
2018: €7k
2019: €16k
2020: €17k
2021: €16k
2022: €23k
2023: €27k
2024: €15k
2018 → 2025
Total assets
€51k▼ 39.4%
2024 · €84k
2018: €48k
2019: €35k
2020: €70k
2021: €60k
2022: €49k
2023: €115k
2024: €84k
2018 → 2025
Net result
€-19k▼ 65.7%
2024 · €-11k
2018: €1k
2019: €9k
2020: €1k
2021: €-1k
2022: €7k
2023: €4k
2024: €-11k
2018 → 2025
Working capital
€-24k▼ 44.9%
2024 · €-16k
2018: €-25k
2019: €-6k
2020: €-11k
2021: €-12k
2022: €-9k
2023: €-20k
2024: €-16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€23k▲ 42.8%€27k▲ 15.1%€15k▼ 42.5%€-3k
Operating result€512-€10k▲ 1,895%€8k▼ 21.3%€-7k€-15k▼ 108%
Net result€-1k-€7k€4k▼ 49.6%€-11k€-19k▼ 65.7%
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 €15k in 2025 against €7k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€41k▼ 40.7%
Current assets
€10k▼ 33.8%
Key figures and ratios
EBITDA
€13k▼
2024 · €22k
Cash flow
€9k▼
2024 · €18k
Solvency
-6.8%▼
2024 · 18.3%
Current ratio
0.30▼
2024 · 0.49
Quick ratio
0.30▼
2024 · 0.49
Debt / equity
-15.71▼
2024 · 4.47
ROA
-37.0%▼
2024 · -13.5%
Interest coverage
4.00▼
2024 · 5.96
Debt
€54k▼
2024 · €69k
Debt ≤ 1 year
€34k▲
2024 · €32k
Debt > 1 year
€20k▼
2024 · €36k
Income taxes
€283▼
2024 · €316
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€84k€51k▼
Fixed assets21/28€68k€41k▼
Tangible fixed assets22/27€68k€40k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€65k€39k▼
Financial fixed assets28€690€690=
Current assets29/58€15k€10k▼
Amounts receivable within one year40/41€14k€8k▼
Trade receivables40€14k€8k▼
Other amounts receivable41€12€12=
Cash at bank and in hand54/58€8€472▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€84k€51k▼
Equity10/15€15k€-3k▼
Contributions10/11€6k€6k=
Reserves13€9k-
Distributable reserves133€9k-
Profit (loss) carried forward14-€-10k
Amounts payable17/49€69k€54k▼
Amounts payable after more than one year17€36k€20k▼
Financial debts170/4€36k€20k▼
Amounts payable within one year42/48€32k€34k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€2k€987▼
Suppliers440/4€2k€987▼
Taxes, remuneration and social security45€9k€12k▲
Taxes450/3€5k€3k▼
Remuneration and social security454/9€4k€9k▲
Other amounts payable47/48€4k€3k▼
Accrued charges and deferred income492/3€962-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€28k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€25k€15k▼
Operating profit (loss)9901€-7k€-15k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-11k€-19k▼
Income taxes67/77€316€283▼
Profit (loss) for the period9904€-11k€-19k▼
Profit (loss) for the period to be appropriated9905€-11k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-19k▼
Transfer from equity791/2€11k€9k▼
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 5 days late
2022
30-09
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 48 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €9k ▲646%
Operating result €13k, net result €9k, both a record.
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Niklaas · 1 establishment unit since 2016
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.
Sint-Gillisbaan 1609100 Sint-NiklaasGround area
242 m²
Building footprint
117 m²
Parcel 46021A0111/00C003, Flanders. Linked by address, not a title deed.
1 establishment unit
LEDAR
since 20162.252.931.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46021A0111/00C003 | Flanders | 242 m² | 1 · 117 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 514 EUR awarded · 514 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 185 EUR | 185 EUR |
| 2022 | 1 | 329 EUR | 329 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 809 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2016
Fiscal year end30-09
Activities, NACEBEL
43230Insulation installation
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43350Other building finishing work
49410Freight transport by road
49420Removal services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@ledar.be