Equity
-€26,509
Debts exceed assets in financial year 2024.
LEDSREACT
Lifetime
8 annual accounts with figures on one time axispeak €71,084 (2020)
-€355,159▲ €51,762
lowest -€918,404 (2024)
-€918,404▼ €48,273
peak €712,708 (2021)
-€26,509▲ €608,809
€1.3m▼ 40.1%
Board8 names since 2018
5 directors and 4 others
Owners
30.1%
Documentsfilings and deeds
18-03-2026230 days late
2024micro format
Gross margin from -€406,921 to -€355,159Loss of €918,404Registered office moved from Harelbeke to Kortrijk 28-11Resignation: (director) 07-11Resignation: (director) 25-04Equity from -€635,318 to -€26,509
Key points
from the 2024 annual accountsLosses
-€2.4m in four years
Every financial year from 2021 to 2024 closed with a loss. 2024 was the heaviest.
Debts
€1.3m 102% of the balance sheet
Financial debts 8%Suppliers 25%Taxes and wages 1%Other 66%
Of this, €1.2m falls due within a year.
Staff
1 employees on 31-12-2024
In 2024, 2 people joined and 3 left.
Filings
8 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€918,404
Lower net result than 95% of companies in other manufacturing. Sector median €6,507 · 814 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,909 companies had the same profile as LEDSREACT has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,909 companies, not a prediction for LEDSREACT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 17-12-2024
Director, since 17-12-2024
Director, since 03-03-2026
- 30.1%score equity €20.1m (2025) · 2025 annual accounts of
Recent changes
Resignation: (director)
Appointment: (director) · Director discharge: · General meeting of 03-03-2026 · Gazette deed
Registered office moved from Kortrijk to Damme
New registered office: Hoekestraat 25, 8340 Damme · Previous registered office: Evolis 28, 8500 Kortrijk · Board meeting of 02-09-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0648823991
Capital contribution of €1,572,840
Resignations: (director) and (director) · Appointments: , and · “Ontwikkeling en productie van fitness- en sporttoestellen, sportartikelen, elektronica, software, enzovoort…” (deed in Dutch) · General meeting of 20-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEDSREACT Damme | - | - | -2.1% | - |
| ADEC SPORT Namur | €2.8m | -14.6% | 44.7% | 7.7 |
| R-FIT CONCEPT Ohey | - | - | 13.8% | - |
| RAMPAFFAIRZ Waregem | - | - | 69.9% | - |
| BOTREX Brussels | - | - | 16.4% | - |
| EVERO Willebroek | €0.2m | - | -32.3% | - |
| VPGS INTERNATIONAL Merchtem | - | - | 80.0% | - |
These companies have the same main activity as LEDSREACT: other manufacturing (NACE 32300). They are comparable in size and age: total assets between €152,000 and €1.8m, founded between 2005 and 2021.
Official details
Source: KBO- Status
- Active since 19-02-2016Normal situation
- Activity
- Other manufacturingNACE 32300and 3 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.250.647.6468340 Damme, since 19-02-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 31-07-2025
Annual accounts 2024
- €1.3m▼ 17.4%
- Employeeson 31-12-2024
- 1▼ 50.0%
- Filing
- Filed on 18-03-2026
Insights on LEDSREACT
LEDSREACT files the micro format. That format states no turnover. The gross margin fell from -€2,633 in 2017 to -€355,159 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LEDSREACT
- What is the company number of LEDSREACT?
- The company number of LEDSREACT is 0648.823.991. The VAT number is the same number with BE in front: BE 0648.823.991.
- Where is LEDSREACT based?
- The registered office is at Hoekestraat 25, 8340 Damme.Company details
- What does LEDSREACT do?
- According to the KBO register, the main activity is other manufacturing (NACE 32300).
- What is the legal form of LEDSREACT?
- LEDSREACT is a private limited company (BV).
- When was LEDSREACT founded?
- LEDSREACT was founded on 19-02-2016.
- Is LEDSREACT still active?
- Yes, LEDSREACT is an active enterprise in the KBO register.
- How many employees does LEDSREACT have?
- LEDSREACT had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does LEDSREACT fall under?
- In its 2024 annual accounts, LEDSREACT states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of LEDSREACT?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.
- Is LEDSREACT profitable?
- In financial year 2024, LEDSREACT made a loss of €918,404.
- Where can I find the annual accounts of LEDSREACT?
- LEDSREACT filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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