LEDCOM
ActiveSummary
The computed 12-month bankruptcy probability of LEDCOM is 2.2% (moderate). The 2025 annual accounts show negative equity (-€50,792) and a net result of €10,540. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 6,075 sector peers (NACE 46, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 7 FTE
- Equity
- -€50,792
- Profit
- €10,540
- Largest shareholder
- BELGO LEO HOLDING · 25.16%
- Holdings
- 1
Why 52raises riskNegative equity -€50,7921 change of registered office in 24 monthsSize: 7 FTE, total assets €705,311lowers riskFigures for financial year 2025 (filed 23-07-2026)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 15% on solvency, 12% on liquidity, 38% on profitability and 73% on growth.
The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 47 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Reappointments: GESTBEL SRL, GESTION LOISIRS SA…Permanent representatives: Jean-Marie LEONARD, Emmanuel…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 40% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92.2% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,448 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €272,094 | €419,713 | €383,570 | €413,155 | €450,273 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,666 | €40,485 | €52,248 | €35,885 | €40,044 | €39,355 | €33,811 | €29,940 | ▼ 11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10,851 | -€3,356 | -€21,904 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €7,348 | €40,051 | €30,992 | €7,323 | €3,616 | ▼ 50.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €2,126 | €0 | - | - |
| Gross operating margin9900 | €756,984 | €561,408 | €256,103 | €348,975 | €431,014 | €325,990 | €495,586 | €508,756 | ▲ 2.7% |
| Operating profit (loss)9901 | €220,037 | €51,275 | -€192,439 | €22,797 | -€65,438 | -€108,149 | €41,297 | €24,926 | ▼ 39.6% |
| Financial income75/76B | - | - | - | €7,848 | €9,793 | €29,585 | €2,099 | €2,779 | ▲ 32.4% |
| Recurring financial income75 | €4,078 | €9,612 | €18,828 | €7,848 | €9,793 | €29,585 | €2,099 | €2,779 | ▲ 32.4% |
| Financial charges65/66B | - | - | - | €16,237 | €135,642 | €33,873 | €27,069 | €16,101 | ▼ 40.5% |
| Recurring financial charges65 | €7,561 | €15,522 | €16,951 | €16,237 | €20,651 | €33,873 | €27,069 | €16,101 | ▼ 40.5% |
| Non-recurring financial charges66B | - | - | - | - | €114,991 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €216,554 | €45,365 | -€190,563 | €14,407 | -€191,287 | -€112,437 | €16,327 | €11,604 | ▼ 28.9% |
| Income taxes67/77 | €73,125 | €22,805 | €1,236 | €1,391 | €1,700 | €1,117 | €982 | €1,064 | ▲ 8.4% |
| Profit (loss) for the period9904 | €143,429 | €22,560 | -€191,799 | €13,016 | -€192,987 | -€113,554 | €15,345 | €10,540 | ▼ 31.3% |
| Profit (loss) for the period to be appropriated9905 | €143,429 | €22,560 | -€191,799 | €13,016 | -€192,987 | -€113,554 | €15,345 | €10,540 | ▼ 31.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.8m | €1.4m | €1.4m | €1.2m | €0.8m | €0.8m | €0.7m | ▼ 6.7% |
| Fixed assets21/28 | €0.09m | €0.4m | €0.3m | €0.4m | €0.1m | €0.09m | €0.05m | €0.04m | ▼ 28.5% |
| Intangible fixed assets21 | €0.02m | €0.01m | €0.003m | €0.002m | €0.01m | €0.009m | €0.006m | €0.004m | ▼ 42.6% |
| Tangible fixed assets22/27 | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.05m | €0.04m | ▼ 26.6% |
| Plant, machinery and equipment23 | - | - | - | €0.08m | €0.07m | €0.04m | €0.02m | €0.008m | ▼ 62.7% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | ▲ 13.7% |
| Leasing and similar rights25 | - | - | - | €0.03m | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €240 | €0.005m | €0.01m | €0.009m | €0.008m | ▼ 11.8% |
| Financial fixed assets28 | - | €0.2m | €0.2m | €0.2m | €1 | €0 | - | - | - |
| Current assets29/58 | €1.4m | €1.5m | €1.1m | €1.1m | €1.1m | €0.7m | €0.7m | €0.7m | ▼ 5.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 2.8% |
| Other amounts receivable291 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 2.8% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 2.9% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 2.9% |
| Amounts receivable within one year40/41 | €1.0m | €1.1m | €0.8m | €0.7m | €0.7m | €0.4m | €0.4m | €0.4m | ▲ 8.4% |
| Trade receivables40 | - | - | - | €0.4m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 8.4% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.5m | €0.03m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.03m | €0.1m | €0.1m | €0.2m | €0.08m | €0.1m | €0.06m | ▼ 53.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.01m | €0.01m | €0.008m | €0.009m | ▲ 21.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.8m | €1.4m | €1.4m | €1.2m | €0.8m | €0.8m | €0.7m | ▼ 6.7% |
| Equity10/15 | €0.4m | €0.4m | €0.2m | €0.2m | €0.04m | -€0.08m | -€0.06m | -€0.05m | ▲ 17.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.1m | €0.2m | -€0.03m | -€0.1m | -€0.1m | -€0.1m | ▲ 8.1% |
| Amounts payable17/49 | €1.1m | €1.4m | €1.2m | €1.2m | €1.2m | €0.9m | €0.8m | €0.8m | ▼ 7.5% |
| Amounts payable after more than one year17 | €0.02m | €0.03m | €0.009m | €0.02m | €0.01m | €0.006m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.02m | €0.01m | €0.006m | €0 | - | - |
| Amounts payable within one year42/48 | €1.1m | €1.3m | €1.2m | €1.2m | €1.2m | €0.9m | €0.8m | €0.8m | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.006m | €0.006m | €0.006m | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 5.5% |
| Credit institutions430/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 5.5% |
| Trade debts44 | €0.8m | €0.7m | €0.5m | €0.4m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 24.6% |
| Suppliers440/4 | - | - | - | €0.4m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 24.6% |
| Advances received on contracts in progress46 | - | - | - | €0.2m | €0.06m | €0.09m | €0.04m | €0.03m | ▼ 35.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.06m | €0.06m | €0.06m | €0.1m | ▲ 71.8% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.008m | €0.009m | €0.04m | ▲ 328% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.04m | €0.05m | €0.05m | €0.06m | ▲ 21.8% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.6m | €0.2m | €0.1m | €0.1m | ▲ 19.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.01m | €0.004m | €0.008m | €42 | ▼ 99.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143,429 | €22,560 | -€191,799 | €13,016 | -€192,987 | -€113,554 | €15,345 | €10,540 | ▼ 31.3% |
| + Depreciation and write-downs630 | €37,666 | €40,485 | €52,248 | €35,885 | €40,044 | €39,355 | €33,811 | €29,940 | ▼ 11.4% |
| Operating cash flow (approximation) | €181,095 | €63,045 | -€139,551 | €48,901 | -€152,943 | -€74,199 | €49,156 | €40,479 | ▼ 17.7% |
| Investment in fixed assets (approximation) | - | -€306,475 | -€27,621 | -€61,794 | €191,393 | -€2,423 | -€2,206 | -€14,450 | ▼ 555% |
| Change in cash | - | -€149,851 | €107,299 | -€9,382 | €32,481 | -€75,059 | €45,344 | -€67,780 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 23-07-2026 | 2026-00352303 |
| 31-12-2024 | full format | 15-07-2025 | 2025-00268917 |
| 31-12-2023 | full format | 30-07-2024 | 2024-00319894 |
| 31-12-2022 | full format | 28-07-2023 | 2023-00302919 |
| 31-12-2021 | full format | 30-09-2022 | 2022-20454435 |
| 31-12-2020 | full format | 24-12-2021 | 2021-81700517 |
| 31-12-2019 | full format | 30-12-2020 | 2020-77600468 |
| 31-12-2018 | full format | 30-09-2019 | 2019-67900139 |
| 31-12-2017 | full format | 29-09-2018 | 2018-68400318 |
| 31-12-2016 | full format | 31-08-2017 | 2017-58600471 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
2 ownersOwners 2
-
25.16%
-
25.16%
According to the 2022 annual accounts of LEDCOM and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
89.78%
According to the 2022 annual accounts of LEDCOM and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
42 connected companiesShow 38 more companies with a shared director
History
Acts, filings and financial milestones
08-07
Gazette deed
Reappointments: GESTBEL SRL, GESTION LOISIRS SA and 3 othersPermanent representatives: Jean-Marie LEONARD, Emmanuel MEWISSEN and Ivan LANOTTE14 facts ▸
- Board meeting, 23-05-2025
- General meeting, 16-06-2025
- Director reappointment, GESTBEL SRL (director) (2 times)
- Director reappointment, GESTION LOISIRS SA (director) (2 times)
- Director reappointment, LE MILLENIUM SA (director) (2 times)
- Director reappointment, Nicolas LEONARD (director) (2 times)
- Director reappointment, Gaëtan THILMANT (director) (2 times)
- Permanent representative, Jean-Marie LEONARD
- Permanent representative, Emmanuel MEWISSEN
- Permanent representative, Ivan LANOTTE
- Director reappointment, GESTION LOISIRS SA (managing director)
- Director reappointment, LE MILLENIUM SA (managing director)
- +2 further facts in this act
14-11
Gazette deed
Permanent representatives: Ivan LANOTTE, Emmanuel MEWISSEN and Jean-Marie LEONARDPower of attorney · Registered-office move12 facts ▸
- Board meeting, 16-10-2024
- Power of attorney, FABERFIN SRL
- Power of attorney, CHB Management SRL
- Registered-office move, Rue des Guillemins 139/9, 4000 Liège
- General meeting, 16-10-2024
- Board composition, Nicolas LEONARD (managing director)
- Board composition, LE MILLENIUM (managing director)
- Board composition, GESTION LOISIRS (managing director)
- Board composition, GESTBEL (director and chair of the board)
- Permanent representative, Ivan LANOTTE (representative)
- Permanent representative, Emmanuel MEWISSEN (representative)
- Permanent representative, Jean-Marie LEONARD (representative)
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 16 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62001B0341/00D000 | Wallonia | 5,084 m² | 1 · 2,505 m² | 8.3 m · 2 |
| 62814C0393/00V002 | Wallonia | 4,768 m² | - | - |