Ledblox
ActiveSummary
Ledblox has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €371k and a net result of €44k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 2024 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+7
Solvency45▼-32
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 1.56 in 2023; short-term debt: 11% and cash: 0% of total assets), but 80.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €371k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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
57 d late
2023
10 d late
2022
96 d early
2021
177 d early
2020
32 d early
2019
7 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€371k▲ 13.3%
2023 · €328k
2018: €-94k
2019: €-168k▼ -78.2% vs 2018lowest in 7 years
2020: €-93k▲ +44.7% vs 2019
2021: €210k▲ +327% vs 2020
2022: €307k▲ +46.3% vs 2021
2023: €328k▲ +6.6% vs 2022
2024: €371k▲ +13.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.87M▲ 199%
2023 · €626k
2018: €11klowest in 7 years
2019: €226k▲ +2040% vs 2018
2020: €398k▲ +76.3% vs 2019
2021: €309k▼ -22.5% vs 2020
2022: €687k▲ +123% vs 2021
2023: €626k▼ -8.9% vs 2022
2024: €1.87M▲ +199% vs 2023highest in 7 years
2018 → 2024
Net result
€44k▲ 115%
2023 · €20k
2018: €-20k
2019: €-74k▼ -263% vs 2018lowest in 7 years
2020: €75k▲ +202% vs 2019
2021: €3k▼ -96.3% vs 2020
2022: €97k▲ +3446% vs 2021highest in 7 years
2023: €20k▼ -79.2% vs 2022
2024: €44k▲ +115% vs 2023
2018 → 2024
Working capital
€450k▲ 220%
2023 · €141k
2018: €-104k
2019: €-168k▼ -60.5% vs 2018lowest in 7 years
2020: €255k▲ +252% vs 2019
2021: €246k▼ -3.6% vs 2020
2022: €236k▼ -4.1% vs 2021
2023: €141k▼ -40.2% vs 2022
2024: €450k▲ +220% 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€-93k-€210k€307k▲ 46.3%€328k▲ 6.6%€371k▲ 13.3%
2020: €-93klowest in 5 years
2021: €210k▲ +327% vs 2020
2022: €307k▲ +46.3% vs 2021
2023: €328k▲ +6.6% vs 2022
2024: €371k▲ +13.3% vs 2023highest in 5 years
Operating result€73k-€6k▼ 91.3%€102k▲ 1,518%€34k▼ 66.8%€80k▲ 137%
2020: €73k
2021: €6k▼ -91.3% vs 2020lowest in 5 years
2022: €102k▲ +1518% vs 2021highest in 5 years
2023: €34k▼ -66.8% vs 2022
2024: €80k▲ +137% vs 2023
Net result€75k-€3k▼ 96.3%€97k▲ 3,446%€20k▼ 79.2%€44k▲ 115%
2020: €75k
2021: €3k▼ -96.3% vs 2020lowest in 5 years
2022: €97k▲ +3446% vs 2021highest in 5 years
2023: €20k▼ -79.2% vs 2022
2024: €44k▲ +115% 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 137% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.87M
Fixed assets
€1.21M ▲ 418%
Current assets
€657k ▲ 67.9%
Equity and liabilities €1.87M
Equity
€371k ▲ 13.3%
Debt
€1.50M ▲ 403%
Debt's share of the balance-sheet total rises from 47.7% to 80.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€254k▲
2023 · €60k
Cash flow
€218k▲
2023 · €46k
Current ratio
3.18▲
2023 · 1.56
Quick ratio
1.08▲
2023 · 0.33
Debt to equity
4.04▲
2023 · 0.91
ROE
11.7%▲
2023 · 6.2%
ROA
2.3%▼
2023 · 3.2%
Interest coverage
9.68▲
2023 · 5.08
Debt ≤ 1 year
€207k▼
2023 · €251k
Debt > 1 year
€917k▲
2023 · €42k
Income taxes
€15k▲
2023 · €3k
Staff costs
€59k▲
2023 · €56k
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 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€626k€1.87M▲
Fixed assets21/28€235k€1.21M▲
Intangible fixed assets21€18k€14k▼
Tangible fixed assets22/27€209k€1.20M▲
Land and buildings22-€1.00M
Plant, machinery and equipment23€16k€7k▼
Furniture and vehicles24€19k€4k▼
Other tangible fixed assets26€174k€187k▲
Financial fixed assets28€7k€135▼
Current assets29/58€391k€657k▲
Stocks and contracts in progress3€307k€433k▲
Stocks30/36€307k€433k▲
Amounts receivable within one year40/41€84k€222k▲
Trade receivables40€15k€73k▲
Other amounts receivable41€68k€149k▲
Cash at bank and in hand54/58€129€129=
Deferred charges and accrued income490/1€56€2k▲
Equity and liabilities
Total equity and liabilities10/49€626k€1.87M▲
Equity10/15€328k€371k▲
Contributions10/11€319k€319k=
Reserves13€186€186=
Distributable reserves133€186€186=
Profit (loss) carried forward14€9k€52k▲
Amounts payable17/49€298k€1.50M▲
Amounts payable after more than one year17€42k€917k▲
Financial debts170/4€42k€917k▲
Amounts payable within one year42/48€251k€207k▼
Current portion of amounts payable after more than one year42€15k€153k▲
Financial debts43€191k€28k▼
Credit institutions430/8€191k€28k▼
Trade debts44€26k-
Suppliers440/4€26k-
Taxes, remuneration and social security45€18k€26k▲
Taxes450/3€11k€18k▲
Remuneration and social security454/9€7k€7k▲
Accrued charges and deferred income492/3€6k€377k▲
Income statement
Code20232024
Remuneration, social security and pensions62€56k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€174k▲
Other operating charges640/8€1k€7k▲
Gross operating margin9900€117k€320k▲
Operating profit (loss)9901€34k€80k▲
Financial income75/76B€848€4k▲
Recurring financial income75€848€4k▲
Financial charges65/66B€12k€26k▲
Recurring financial charges65€12k€26k▲
Profit (loss) for the period before taxes9903€23k€58k▲
Income taxes67/77€3k€15k▲
Profit (loss) for the period9904€20k€44k▲
Profit (loss) for the period to be appropriated9905€20k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€52k▲
Profit (loss) brought forward from the previous period14P€-11k€9k▲
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €38k | €56k | €59k | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €6k | €83k | €26k | €174k | ▲ 565% |
| Other operating charges640/8 | - | - | €792 | €1k | €7k | ▲ 381% |
| Gross operating margin9900 | €76k | €50k | €223k | €117k | €320k | ▲ 173% |
| Operating profit (loss)9901 | €73k | €6k | €102k | €34k | €80k | ▲ 137% |
| Financial income75/76B | - | - | €9 | €848 | €4k | ▲ 412% |
| Recurring financial income75 | €0 | €169 | €9 | €848 | €4k | ▲ 412% |
| Financial charges65/66B | - | - | €5k | €12k | €26k | ▲ 122% |
| Recurring financial charges65 | €677 | €4k | €5k | €12k | €26k | ▲ 122% |
| Profit (loss) for the period before taxes9903 | €75k | €3k | €97k | €23k | €58k | ▲ 155% |
| Income taxes67/77 | - | - | - | €3k | €15k | ▲ 455% |
| Profit (loss) for the period9904 | €75k | €3k | €97k | €20k | €44k | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €75k | €3k | €97k | €20k | €44k | ▲ 115% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €398k | €309k | €687k | €626k | €1.87M | ▲ 199% |
| Fixed assets21/28 | €15k | €17k | €224k | €235k | €1.21M | ▲ 418% |
| Intangible fixed assets21 | - | - | - | €18k | €14k | ▼ 23.6% |
| Tangible fixed assets22/27 | €11k | €13k | €214k | €209k | €1.20M | ▲ 473% |
| Land and buildings22 | - | - | - | - | €1.00M | - |
| Plant, machinery and equipment23 | - | - | €4k | €16k | €7k | ▼ 57.7% |
| Furniture and vehicles24 | - | - | €36k | €19k | €4k | ▼ 81.0% |
| Other tangible fixed assets26 | - | - | €174k | €174k | €187k | ▲ 7.3% |
| Financial fixed assets28 | €4k | €4k | €9k | €7k | €135 | ▼ 98.1% |
| Current assets29/58 | €383k | €291k | €464k | €391k | €657k | ▲ 67.9% |
| Stocks and contracts in progress3 | €324k | €264k | €88k | €307k | €433k | ▲ 40.8% |
| Stocks30/36 | - | - | €88k | €307k | €433k | ▲ 40.8% |
| Amounts receivable within one year40/41 | €52k | €21k | €244k | €84k | €222k | ▲ 165% |
| Trade receivables40 | - | - | €180k | €15k | €73k | ▲ 380% |
| Other amounts receivable41 | - | - | €65k | €68k | €149k | ▲ 118% |
| Cash at bank and in hand54/58 | €6k | €6k | €695 | €129 | €129 | = |
| Deferred charges and accrued income490/1 | - | - | €131k | €56 | €2k | ▲ 3,545% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €398k | €309k | €687k | €626k | €1.87M | ▲ 199% |
| Equity10/15 | €-93k | €210k | €307k | €328k | €371k | ▲ 13.3% |
| Contributions10/11 | - | - | €319k | €319k | €319k | = |
| Outside capital11 | - | - | €319k | - | - | - |
| Other1109/19 | - | - | €319k | - | - | - |
| Reserves13 | €186 | €186 | €186 | €186 | €186 | = |
| Distributable reserves133 | - | - | €186 | €186 | €186 | = |
| Profit (loss) carried forward14 | €-111k | €-109k | €-11k | €9k | €52k | ▲ 493% |
| Amounts payable17/49 | €491k | €99k | €380k | €298k | €1.50M | ▲ 403% |
| Amounts payable after more than one year17 | €363k | €53k | €57k | €42k | €917k | ▲ 2,090% |
| Financial debts170/4 | - | - | €57k | €42k | €917k | ▲ 2,090% |
| Amounts payable within one year42/48 | €128k | €46k | €228k | €251k | €207k | ▼ 17.5% |
| Current portion of amounts payable after more than one year42 | - | - | €15k | €15k | €153k | ▲ 902% |
| Financial debts43 | - | - | €6k | €191k | €28k | ▼ 85.4% |
| Credit institutions430/8 | - | - | €6k | €191k | €28k | ▼ 85.4% |
| Trade debts44 | €68k | €18k | €152k | €26k | - | - |
| Suppliers440/4 | - | - | €152k | €26k | - | - |
| Taxes, remuneration and social security45 | - | - | €55k | €18k | €26k | ▲ 43.1% |
| Taxes450/3 | - | - | €50k | €11k | €18k | ▲ 71.8% |
| Remuneration and social security454/9 | - | - | €5k | €7k | €7k | ▲ 1.1% |
| Other amounts payable47/48 | - | - | €370 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €95k | €6k | €377k | ▲ 6,231% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75k | €3k | €97k | €20k | €44k | ▲ 115% |
| + Depreciation and write-downs630 | €3k | €6k | €83k | €26k | €174k | ▲ 565% |
| Operating cash flow (approximation) | €78k | €9k | €180k | €46k | €218k | ▲ 369% |
| Investment in fixed assets (approximation) | - | €-8k | €-289k | €-37k | €-1.15M | ▼ 3,015% |
| Change in cash | - | €-8 | €-6k | €-565 | €0 | ▲ 100% |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.18
Current ratio from 1.56 to 3.18; short-term debt falls from €251k to €207k.
10-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €97k ▲3,446%
Operating result €102k, net result €97k, both a record.
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.36
Current ratio from 2.99 to 6.36; short-term debt falls from €128k to €46k.
31-12
Financial
Equity above €200kEq €210k
2 profitable years in a row build equity to €210k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €75k
Net result €75k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 2.99
Current ratio from 0.57 to 2.99; short-term debt falls from €394k to €128k.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Mortsel · 1 establishment unit since 1998
Ground area
2,067 m²
Building footprint
1,451 m²
Volume, LiDAR
10,225 m³
2 parcels, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ledblox
since 19982.086.690.526
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11512B0005/00M008 | Flanders | 1,329 m² | 1 · 1,335 m² | 15.3 m · 2 fl. |
| 11513C0172/00H004 | Flanders | 738 m² | 1 · 116 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 517 companies in sector 77222 we hold annual accounts for 165. 120 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
Founded23-04-1998
Fiscal year end31-12
Activities, NACEBEL 2025
77222Rental and leasing activities
47400Retail sale of information and communication equipment
59111Production of cinema films
70200Business and other management consultancy
90393Specialised image, lighting and sound technical services
Scores and ratios are computed by Checked and are not a credit decision.