LEDEUX
ActiveSummary
LEDEUX has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€248,826) and a net result of -€12,343. Equity is shrinking by about 5.9% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Equity
- -€248,826
- Loss
- -€12,343
- LARESDirector · permanent representative Christina CROLS
Why 53raises riskCapped at 59: negative equityLiquidity: current ratio 0.52, cash €5, halvedNegative equity -€248,826Founded in 2009lowers riskSize: total assets €817,542Show the evidence
Checked score
About 1 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 (no NACE code, micro): better than 5% on solvency, 2% on liquidity, 16% on profitability and 31% on growth.
The bankruptcy probability was computed on 28-10-2026 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 9 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €13,490 in 2025 against €15,191 in 2024; the loss shrinks.
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.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 95.8% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,445 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% | 0.9% |
| 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 1,216 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,819 | €13,819 | €13,819 | €13,819 | €13,819 | €13,819 | €13,819 | = |
| Other operating charges640/8 | - | - | - | €102 | €109 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | €5,312 | €8,585 | €1,497 | -€3,275 | €1,547 | -€1,254 | €449 | - |
| Operating profit (loss)9901 | -€8,605 | -€5,334 | -€12,422 | -€17,196 | -€12,381 | -€15,191 | -€13,490 | ▲ 11.2% |
| Financial income75/76B | - | - | - | €10,773 | €12,140 | €11,206 | €11,872 | ▲ 5.9% |
| Recurring financial income75 | €10,920 | €11,543 | €13,784 | €10,773 | €12,140 | €11,206 | €11,872 | ▲ 5.9% |
| Financial charges65/66B | - | - | - | €10,379 | €10,469 | €10,596 | €10,726 | ▲ 1.2% |
| Recurring financial charges65 | €10,312 | €10,421 | €10,536 | €10,379 | €10,469 | €10,596 | €10,726 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | -€7,997 | -€4,213 | -€9,174 | -€16,803 | -€10,709 | -€14,581 | -€12,343 | ▲ 15.3% |
| Profit (loss) for the period9904 | -€7,997 | -€4,213 | -€9,174 | -€16,803 | -€10,709 | -€14,581 | -€12,343 | ▲ 15.3% |
| Profit (loss) for the period to be appropriated9905 | -€7,997 | -€4,213 | -€9,174 | -€16,803 | -€10,709 | -€14,581 | -€12,343 | ▲ 15.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▲ 0.2% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 5.0% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 5.0% |
| Other tangible fixed assets26 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 5.0% |
| Current assets29/58 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 2.8% |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 2.9% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other amounts receivable41 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 3.0% |
| Cash at bank and in hand54/58 | €45 | €216 | €0.02m | €0.001m | €9 | €463 | €5 | ▼ 98.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▲ 0.2% |
| Equity10/15 | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | ▼ 5.2% |
| Contributions10/11 | €0.006m | €0 | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | ▼ 5.1% |
| Amounts payable17/49 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | €1.1m | ▲ 1.3% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | €1.1m | ▲ 1.3% |
| Trade debts44 | - | €0.002m | €0 | €125 | €0 | €118 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €125 | €0 | €118 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €1.0m | €1.0m | €1.1m | €1.1m | ▲ 1.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,997 | -€4,213 | -€9,174 | -€16,803 | -€10,709 | -€14,581 | -€12,343 | ▲ 15.3% |
| + Depreciation and write-downs630 | €13,819 | €13,819 | €13,819 | €13,819 | €13,819 | €13,819 | €13,819 | = |
| Operating cash flow (approximation) | €5,822 | €9,606 | €4,645 | -€2,984 | €3,110 | -€762 | €1,476 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €171 | €16,743 | -€16,126 | -€826 | €454 | -€458 | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00016972 |
| 30-06-2024 | micro format | 21-01-2025 | 2025-00007493 |
| 30-06-2023 | abbreviated format | 19-01-2024 | 2024-00003470 |
| 30-06-2022 | abbreviated format | 30-01-2023 | 2023-00009353 |
| 30-06-2021 | abbreviated format | 28-01-2022 | 2022-03100505 |
| 30-06-2020 | abbreviated format | 28-01-2021 | 2021-03100029 |
| 30-06-2019 | abbreviated format | 30-12-2019 | 2019-78000276 |
| 30-06-2018 | abbreviated format | 22-01-2019 | 2019-02000217 |
| 30-06-2017 | abbreviated format | 12-01-2018 | 2018-01400031 |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03800203 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LARES |
|
Owners and capital
Capital and shareholders
- 09-10-2023 Capital stated in the deed · 100 shares
Group and network
Connections & network
9 connected companiesShow 5 more companies with a shared director
History
Acts, filings and financial milestones
09-10
Gazette deed
Resignation: NV LARES (manager)Reappointment: NV LARES (director) · Permanent representative: Christina CROLS · Amendment of the articles11 facts ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening, werkelijk gestort kapitaal en wettelijke reserve” (deed in Dutch)
- Reserve release, “opheffen statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Capital
- Director resignation, NV LARES (manager)
- Director reappointment, NV LARES (director (not named in the articles))
- Permanent representative, Christina CROLS
- Other provision, “kwijting ontslagnemende zaakvoerder(s), algemene vergadering zal op volgende jaarvergadering beslissen over kwijting voor uitoefening mandaat” (deed in Dutch)
- Registered office clause, “2000 Antwerpen,Tavernierkaai 2 bus 8” (deed in Dutch)
- Other provision, “alle voorgaande besluiten, stemming” (deed in Dutch)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11002A0058/00B000 | Flanders | 592 m² | 1 · 559 m² | 41.9 m · 12 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Ledeux
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bij openvallende plaats vóór einde mandaat in collegiaal orgaan hebben overblijvende bestuurders recht nieuwe bestuurder te coöpteren, één…” (deed in Dutch)“Vaste of evenredige vergoeding, vergoeding van de bestuurders” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager helft koper(s) naar evenredigheid verworven aantal aandelen als meer dan één koper…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met nieuwe aandelen-recht van voorkeur, dag openstelling intekening” (deed in Dutch)“Ter kennis gebracht van aandeelhouders per e-mail of per gewone post op dezelfde dag als communicaties per e-mail zo geen e-mailadres…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of December at 16:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Besluit algemene vergadering beraadslagend zoals voor statutenwijziging” (deed in Dutch)“Blijft als rechtspersoon voortbestaan voor vereffening, overeenkomstig wettelijke en statutaire bepalingen” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie als…” (deed in Dutch)