LEDEX
ActiveLEDEX has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €74k and a net result of €25k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▲+24
Solvency87▲+16
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.62 in 2023; short-term debt: 38.5% and cash: 0.2% of total assets), and 38.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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
88 d late
2023
83 d late
2022
58 d late
2021
87 d late
2020
86 d late
2019
68 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€74k▲ 52.1%
2023 · €49k
2018: €24k
2019: €50k
2020: €48k
2021: €46k
2022: €47k
2023: €49k
2018 → 2024
Total assets
€121k▲ 13.3%
2023 · €106k
2018: €68k
2019: €113k
2020: €117k
2021: €69k
2022: €95k
2023: €106k
2018 → 2024
Net result
€25k▲ 1,155%
2023 · €2k
2018: €8k
2019: €26k
2020: €-2k
2021: €-1k
2022: €-1k
2023: €2k
2018 → 2024
Working capital
€-20k▲ 9.5%
2023 · €-22k
2018: €6k
2019: €32k
2020: €32k
2021: €18k
2022: €5k
2023: €-22k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€48k-€46k▼ 2.7%€47k▲ 1.1%€49k▲ 4.3%€74k▲ 52.1%
Operating result€-3k-€3k€-667€4k€35k▲ 813%
Net result€-2k-€-1k▲ 43.1%€-1k▲ 0.5%€2k€25k▲ 1,155%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 813% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €121k
Fixed assets
€94k▲ 33.2%
Current assets
€27k▼ 25.5%
Equity and liabilities €121k
Equity
€74k▲ 52.1%
Debt
€46k▼ 19.5%
The debt ratio falls from 54.1% to 38.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▲
2023 · €15k
Cash flow
€41k▲
2023 · €13k
Solvency
61.5%▲
2023 · 45.9%
Current ratio
0.58▼
2023 · 0.62
Quick ratio
0.58▼
2023 · 0.62
Debt / equity
0.62▼
2023 · 1.18
ROE
34.3%▲
2023 · 4.2%
ROA
21.1%▲
2023 · 1.9%
Interest coverage
57.71▼
2023 · 61.55
Debt
€46k▼
2023 · €58k
Debt ≤ 1 year
€46k▼
2023 · €58k
Income taxes
€9k▲
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€106k€121k▲
Fixed assets21/28€70k€94k▲
Intangible fixed assets21-€6k
Tangible fixed assets22/27€70k€88k▲
Land and buildings22€544€313▼
Plant, machinery and equipment23€357€171▼
Furniture and vehicles24€24k€25k▲
Leasing and similar rights25€30k€63k▲
Assets under construction and advance payments27€16k-
Current assets29/58€36k€27k▼
Amounts receivable within one year40/41€15k€27k▲
Trade receivables40€15k€26k▲
Other amounts receivable41€584€625▲
Cash at bank and in hand54/58€21k€266▼
Equity and liabilities
Total equity and liabilities10/49€106k€121k▲
Equity10/15€49k€74k▲
Contributions10/11€19k€19k=
Reserves13€6k€32k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€2k€27k▲
Profit (loss) carried forward14€24k€24k=
Amounts payable17/49€58k€46k▼
Amounts payable within one year42/48€58k€46k▼
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€8k€16k▲
Taxes450/3€8k€16k▲
Other amounts payable47/48€46k€25k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€16k€52k▲
Operating profit (loss)9901€4k€35k▲
Financial income75/76B€123€14▼
Recurring financial income75€123€14▼
Financial charges65/66B€241€870▲
Recurring financial charges65€241€870▲
Profit (loss) for the period before taxes9903€4k€34k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€2k€25k▲
Profit (loss) for the period to be appropriated9905€2k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€50k▲
Profit (loss) brought forward from the previous period14P€22k€24k▲
Transfer to equity691/2-€25k
To other reserves6921-€25k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 88 days late
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 83 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Weakest financial yearnet €-2k ▼109%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Highest result since 2018net €26k ▲217%
Operating result €41k, net result €26k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Maasmechelen · 1 establishment unit since 2010
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.
Geisterweg(L) 53630 MaasmechelenGround area
1,030 m²
Building footprint
237 m²
Volume, LiDAR
1,856 m³
Parcel 73045A0596/00C000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LEDEX
since 20102.186.950.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73045A0596/00C000 | Flanders | 1,030 m² | 1 · 237 m² | 11.9 m · 3 fl. |
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
2023 to 2024 · 2 entries · 6,191 EUR awarded · 6,191 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 3,687 EUR |
| 2023 | 1 | 6,191 EUR | 2,504 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 39,877 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-1997
Fiscal year end31-12
Activities, NACEBEL
51421
70200Business and other management consultancy
70220Business consulting
46423Wholesale of clothing, excluding workwear and underwear
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.