LEDOUX
ActiveSummary
LEDOUX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €268,971 and a net result of €6,775. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-11
Solvency100▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 3.61 against 4.24 in 2023; short-term debt: 21.6% and cash: 39% of total assets), and 23.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 30-09-2025, 61 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
61 d late
2023
54 d late
2022
59 d late
2021
11 d early
2020
61 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€268,971▲ 2.6%
2023 · €262,196
Total assets
€351,299▼ 6.1%
2023 · €374,025
Net result
€6,775▼ 83.2%
2023 · €40,404
Working capital
€197,756▼ 7.5%
2023 · €213,768
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€51,881▲ 53.4%€28,616▼ 44.8%€31,517▲ 10.1%€56,036▲ 77.8%€7,528▼ 86.6%
Net result€40,703above the sector's middle half▲ 58.7%€21,734within the sector's middle half▼ 46.6%€23,700within the sector's middle half▲ 9.0%€40,404above the sector's middle half▲ 70.5%€6,775within the sector's middle half▼ 83.2%
Equity€176,359above the sector's middle half▲ 30.0%€198,092above the sector's middle half▲ 12.3%€221,792above the sector's middle half▲ 12.0%€262,196above the sector's middle half▲ 18.2%€268,971above the sector's middle half▲ 2.6%
Total assets€304,038above the sector's middle half▲ 39.7%€315,824above the sector's middle half▲ 3.9%€455,889above the sector's middle half▲ 44.3%€374,025above the sector's middle half▼ 18.0%€351,299above the sector's middle half▼ 6.1%
Debt€127,679▲ 55.7%€117,732▼ 7.8%€234,098▲ 98.8%€111,829▼ 52.2%€82,328▼ 26.4%
Working capital€184,864above the sector's middle half▲ 44.9%€163,926above the sector's middle half▼ 11.3%€310,361above the sector's middle half▲ 89.3%€213,768above the sector's middle half▼ 31.1%€197,756above the sector's middle half▼ 7.5%
Solvency58.0%within the sector's middle half▼ 4.3pp62.7%within the sector's middle half▲ 4.7pp48.7%within the sector's middle half▼ 14.1pp70.1%above the sector's middle half▲ 21.5pp76.6%above the sector's middle half▲ 6.5pp
Current ratio4.86above the sector's middle half▲ 1.524.13above the sector's middle half▼ 0.735.66above the sector's middle half▲ 1.534.24above the sector's middle half▼ 1.423.61above the sector's middle half▼ 0.63
Return on assets (ROA)13.4%within the sector's middle half▲ 1.6pp6.9%within the sector's middle half▼ 6.5pp5.2%within the sector's middle half▼ 1.7pp10.8%within the sector's middle half▲ 5.6pp1.9%within the sector's middle half▼ 8.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 87% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €351,299
Fixed assets
€77,818 ▼ 17.5%
Current assets
€273,481 ▼ 2.2%
Equity and liabilities €351,299
Equity
€268,971 ▲ 2.6%
Debt
€82,328 ▼ 26.4%
Debt's share of the balance-sheet total falls from 29.9% to 23.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,341▼
2023 · €79,818
Cash flow
€34,588▼
2023 · €64,187
Quick ratio
2.94▼
2023 · 3.93
Debt to equity
0.31▼
2023 · 0.43
ROE
2.5%▼
2023 · 15.4%
Interest coverage
33.16▲
2023 · 32.11
Debt ≤ 1 year
€75,725▲
2023 · €65,975
Debt > 1 year
€6,603▼
2023 · €20,054
Income taxes
€4,075▼
2023 · €16,989
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,338 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% | 1.9% |
| 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% 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 10,905 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,671 | €15,101 | €20,618 | €23,783 | €27,813 | ▲ 16.9% |
| Other operating charges640/8 | - | €75 | €130 | €97 | €2,350 | ▲ 2,323% |
| Gross operating margin9900 | €63,627 | €43,792 | €52,264 | €79,915 | €37,691 | ▼ 52.8% |
| Operating profit (loss)9901 | €51,881 | €28,616 | €31,517 | €56,036 | €7,528 | ▼ 86.6% |
| Financial income75/76B | - | €3,777 | €4,222 | €3,844 | €4,388 | ▲ 14.1% |
| Recurring financial income75 | €5,926 | €3,777 | €4,222 | €3,844 | €4,388 | ▲ 14.1% |
| Financial charges65/66B | - | €1,013 | €1,219 | €2,486 | €1,066 | ▼ 57.1% |
| Recurring financial charges65 | €1,230 | €1,013 | €1,219 | €2,486 | €1,066 | ▼ 57.1% |
| Profit (loss) for the period before taxes9903 | €56,577 | €31,379 | €34,520 | €57,393 | €10,850 | ▼ 81.1% |
| Income taxes67/77 | €15,874 | €9,645 | €10,820 | €16,989 | €4,075 | ▼ 76.0% |
| Profit (loss) for the period9904 | €40,703 | €21,734 | €23,700 | €40,404 | €6,775 | ▼ 83.2% |
| Profit (loss) for the period to be appropriated9905 | €40,703 | €21,734 | €23,700 | €40,404 | €6,775 | ▼ 83.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304,038 | €315,824 | €455,889 | €374,025 | €351,299 | ▼ 6.1% |
| Fixed assets21/28 | €71,334 | €99,558 | €78,940 | €94,281 | €77,818 | ▼ 17.5% |
| Tangible fixed assets22/27 | €71,334 | €99,558 | €78,940 | €94,281 | €77,818 | ▼ 17.5% |
| Land and buildings22 | - | €33,049 | €28,514 | €25,638 | €20,933 | ▼ 18.4% |
| Plant, machinery and equipment23 | - | €12,363 | €8,418 | €11,555 | €8,275 | ▼ 28.4% |
| Furniture and vehicles24 | - | €54,146 | €42,009 | €57,087 | €48,610 | ▼ 14.8% |
| Current assets29/58 | €232,704 | €216,266 | €376,950 | €279,744 | €273,481 | ▼ 2.2% |
| Stocks and contracts in progress3 | €3,949 | €2,043 | €33,890 | €20,454 | €51,218 | ▲ 150% |
| Stocks30/36 | - | €2,043 | €33,890 | €20,454 | €51,218 | ▲ 150% |
| Amounts receivable within one year40/41 | €115,825 | €41,089 | €157,452 | €62,924 | €81,127 | ▲ 28.9% |
| Trade receivables40 | - | €16,362 | €129,119 | €43,384 | €63,945 | ▲ 47.4% |
| Other amounts receivable41 | - | €24,726 | €28,333 | €19,540 | €17,182 | ▼ 12.1% |
| Cash at bank and in hand54/58 | €92,206 | €94,677 | €121,735 | €130,094 | €137,103 | ▲ 5.4% |
| Deferred charges and accrued income490/1 | - | €78,457 | €63,873 | €66,272 | €4,033 | ▼ 93.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304,038 | €315,824 | €455,889 | €374,025 | €351,299 | ▼ 6.1% |
| Equity10/15 | €176,359 | €198,092 | €221,792 | €262,196 | €268,971 | ▲ 2.6% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €106,839 | €128,572 | €152,272 | €192,676 | €199,451 | ▲ 3.5% |
| Non-distributable reserves130/1 | - | €1,240 | €1,240 | €1,240 | €1,240 | = |
| Reserves not available under the articles1311 | - | €1,240 | €1,240 | €1,240 | €1,240 | = |
| Distributable reserves133 | - | €127,332 | €151,032 | €191,436 | €198,211 | ▲ 3.5% |
| Profit (loss) carried forward14 | €57,120 | €57,120 | €57,120 | €57,120 | €57,120 | = |
| Amounts payable17/49 | €127,679 | €117,732 | €234,098 | €111,829 | €82,328 | ▼ 26.4% |
| Amounts payable after more than one year17 | €36,381 | €43,973 | €25,378 | €20,054 | €6,603 | ▼ 67.1% |
| Financial debts170/4 | - | €43,973 | €25,378 | €20,054 | €6,603 | ▼ 67.1% |
| Amounts payable within one year42/48 | €47,840 | €52,340 | €66,589 | €65,975 | €75,725 | ▲ 14.8% |
| Current portion of amounts payable after more than one year42 | - | €18,408 | €18,595 | €24,366 | €13,451 | ▼ 44.8% |
| Trade debts44 | - | - | €16,406 | - | €5,983 | - |
| Suppliers440/4 | - | - | €16,406 | - | €5,983 | - |
| Taxes, remuneration and social security45 | - | €26,239 | €20,540 | €28,519 | €50,669 | ▲ 77.7% |
| Taxes450/3 | - | €26,239 | €20,540 | €28,519 | €29,069 | ▲ 1.9% |
| Remuneration and social security454/9 | - | - | - | - | €21,600 | - |
| Other amounts payable47/48 | - | €7,693 | €11,048 | €13,090 | €5,621 | ▼ 57.1% |
| Accrued charges and deferred income492/3 | - | €21,419 | €142,131 | €25,799 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,703 | €21,734 | €23,700 | €40,404 | €6,775 | ▼ 83.2% |
| + Depreciation and write-downs630 | €11,671 | €15,101 | €20,618 | €23,783 | €27,813 | ▲ 16.9% |
| Operating cash flow (approximation) | €52,374 | €36,835 | €44,318 | €64,187 | €34,588 | ▼ 46.1% |
| Investment in fixed assets (approximation) | - | -€43,325 | €0 | -€39,124 | -€11,350 | ▲ 71.0% |
| Change in cash | - | €2,471 | €27,058 | €8,359 | €7,009 | ▼ 16.1% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €6,775 ▼83.2%
Net result drops to €6,775, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Equity above €200,000Eq €221,792 ▲12%
5 profitable years in a row build equity to €221,792.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €40,703 ▲58.7%
Net result €40,703, the highest in the series.
31-12
Financial
Equity above €150,000Eq €176,359 ▲30%
3 profitable years in a row build equity to €176,359.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
2016
29-07
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 5 acts read
About the unread acts
We know of 5 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
5 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, Zonnebeke · 1 establishment unit since 2010
Ground area
1,710 m²
Building footprint
219 m²
Volume, LiDAR
626 m³
Parcel 33019B1245/00B000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LEDOUX BVBA
since 20102.192.868.805
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33019B1245/00B000 | Flanders | 1,710 m² | 1 · 219 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 7,774 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 (pre-2019)
Founded23-08-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0828658429
Also
9925:BE0828658429
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.