LEECO
ActiveSummary
LEECO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139k and a net result of €70k. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 2566 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+3
Solvency52▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 2.36 in 2024; short-term debt: 50.3% and cash: 45.8% of total assets), but 73% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27%
Return on assets
13.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
35 d early
2023
82 d late
2022
140 d late
2021
25 d late
2020
51 d late
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Turnover
€720k
EBIT margin
1.9%
Net result
€70k▲ 91.3%
2024 · €36k
Working capital
€199k▲ 44.3%
2024 · €138k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€50k▲ 1,068%€-24k€34k€62k▲ 82.2%€100k▲ 62.4%
Net result€34k▲ 45,088%€-44k€22k€36k▲ 64.0%€70k▲ 91.3%
EBIT margin
Equity€70k▲ 94.0%€26k▼ 62.5%€49k▲ 84.2%€85k▲ 74.9%€139k▲ 63.9%
Total assets€291k▲ 26.5%€225k▼ 22.7%€252k▲ 12.4%€323k▲ 27.9%€516k▲ 59.8%
Debt€220k▲ 13.9%€198k▼ 9.9%€204k▲ 2.8%€238k▲ 16.7%€377k▲ 58.3%
Working capital€123k▲ 0.1%€63k▼ 49.0%€101k▲ 60.6%€138k▲ 37.1%€199k▲ 44.3%
Staff (FTE)2.1▲ 50.0%2▼ 4.8%2=2.6▲ 30.0%2.9▲ 11.5%
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 three years in a row; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €516k
Fixed assets
€57k ▼ 31.0%
Current assets
€459k ▲ 91.1%
Equity and liabilities €516k
Equity
€139k ▲ 63.9%
Debt
€377k ▲ 58.3%
Debt's share of the balance-sheet total falls from 73.7% to 73.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112k▲
2024 · €86k
Cash flow
€81k▲
2024 · €61k
Current ratio
1.77▼
2024 · 2.36
Quick ratio
1.73▼
2024 · 2.22
Debt to equity
2.70▼
2024 · 2.80
ROE
50.0%▲
2024 · 42.8%
ROA
13.5%▲
2024 · 11.3%
Interest coverage
11.90▲
2024 · 6.95
Debt ≤ 1 year
€259k▲
2024 · €102k
Debt > 1 year
€116k▼
2024 · €134k
Income taxes
€21k▲
2024 · €13k
Staff costs
€49k▲
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €33k | €3k | €464 | €8k | €12k | ▲ 63.9% |
| Remuneration, social security and pensions62 | €40k | €41k | €17k | €14k | €49k | ▲ 245% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €20k | €15k | €25k | €12k | ▼ 53.0% |
| Other operating charges640/8 | €3k | €2k | €5k | €9k | €11k | ▲ 28.0% |
| Non-recurring operating charges66A | €8k | €0 | €4k | €160 | €10k | ▲ 6,317% |
| Gross operating margin9900 | €116k | €38k | €76k | €109k | €182k | ▲ 66.3% |
| Operating profit (loss)9901 | €50k | €-24k | €34k | €62k | €100k | ▲ 62.4% |
| Financial income75/76B | €266 | €0 | €125 | €1 | €156 | ▲ 17,184% |
| Recurring financial income75 | €266 | €0 | €125 | €1 | €156 | ▲ 17,184% |
| Financial charges65/66B | €5k | €13k | €12k | €12k | €9k | ▼ 24.5% |
| Recurring financial charges65 | €5k | €10k | €12k | €12k | €9k | ▼ 24.5% |
| Non-recurring financial charges66B | - | €3k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €45k | €-37k | €22k | €49k | €91k | ▲ 84.6% |
| Income taxes67/77 | €11k | €7k | €0 | €13k | €21k | ▲ 65.7% |
| Profit (loss) for the period9904 | €34k | €-44k | €22k | €36k | €70k | ▲ 91.3% |
| Profit (loss) for the period to be appropriated9905 | €34k | €-44k | €22k | €36k | €70k | ▲ 91.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €291k | €225k | €252k | €323k | €516k | ▲ 59.8% |
| Fixed assets21/28 | €85k | €85k | €79k | €83k | €57k | ▼ 31.0% |
| Intangible fixed assets21 | - | - | €5k | €6k | €5k | ▼ 15.7% |
| Tangible fixed assets22/27 | €84k | €84k | €74k | €70k | €45k | ▼ 35.6% |
| Land and buildings22 | €2k | €5k | €4k | €4k | €7k | ▲ 105% |
| Plant, machinery and equipment23 | €16k | €18k | €17k | €10k | €9k | ▼ 13.6% |
| Furniture and vehicles24 | €66k | €62k | €53k | €56k | €29k | ▼ 48.5% |
| Financial fixed assets28 | €500 | €500 | €500 | €7k | €7k | = |
| Current assets29/58 | €206k | €140k | €174k | €240k | €459k | ▲ 91.1% |
| Stocks and contracts in progress3 | €37k | €55k | €23k | €14k | €10k | ▼ 30.7% |
| Stocks30/36 | €37k | €55k | €23k | €14k | €10k | ▼ 30.7% |
| Amounts receivable within one year40/41 | €60k | €14k | €12k | €54k | €203k | ▲ 276% |
| Trade receivables40 | €60k | €14k | €12k | €51k | €193k | ▲ 282% |
| Other amounts receivable41 | - | €286 | €0 | €3k | €10k | ▲ 189% |
| Cash at bank and in hand54/58 | €104k | €67k | €127k | €172k | €236k | ▲ 37.7% |
| Deferred charges and accrued income490/1 | €5k | €4k | €11k | €360 | €10k | ▲ 2,622% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €291k | €225k | €252k | €323k | €516k | ▲ 59.8% |
| Equity10/15 | €70k | €26k | €49k | €85k | €139k | ▲ 63.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €15k | €15k | €15k | €52k | €106k | ▲ 105% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €13k | €13k | €15k | €52k | €106k | ▲ 105% |
| Profit (loss) carried forward14 | €36k | €-8k | €15k | €15k | €15k | = |
| Amounts payable17/49 | €220k | €198k | €204k | €238k | €377k | ▲ 58.3% |
| Amounts payable after more than one year17 | €137k | €121k | €129k | €134k | €116k | ▼ 13.7% |
| Financial debts170/4 | €137k | €121k | €129k | €134k | €116k | ▼ 13.7% |
| Amounts payable within one year42/48 | €83k | €77k | €73k | €102k | €259k | ▲ 155% |
| Current portion of amounts payable after more than one year42 | €25k | €16k | €15k | €24k | €18k | ▼ 22.2% |
| Financial debts43 | €3k | €4k | €3k | €2k | €0 | ▼ 100% |
| Credit institutions430/8 | €3k | €4k | €3k | €2k | €0 | ▼ 100% |
| Trade debts44 | €9k | €11k | €17k | €32k | €104k | ▲ 230% |
| Suppliers440/4 | €9k | €11k | €17k | €32k | €104k | ▲ 230% |
| Taxes, remuneration and social security45 | €34k | €33k | €7k | €40k | €122k | ▲ 203% |
| Taxes450/3 | €22k | €18k | €4k | €36k | €119k | ▲ 226% |
| Remuneration and social security454/9 | €13k | €14k | €2k | €4k | €3k | ▼ 27.2% |
| Other amounts payable47/48 | €12k | €14k | €30k | €5k | €15k | ▲ 240% |
| Accrued charges and deferred income492/3 | €0 | - | €2k | €2k | €2k | ▼ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €-44k | €22k | €36k | €70k | ▲ 91.3% |
| + Depreciation and write-downs630 | €16k | €20k | €15k | €25k | €12k | ▼ 53.0% |
| Operating cash flow (approximation) | €50k | €-24k | €38k | €61k | €81k | ▲ 33.0% |
| Investment in fixed assets (approximation) | - | €-20k | €-10k | €-29k | €14k | ▲ 149% |
| Change in cash | - | €-37k | €60k | €44k | €65k | ▲ 45.4% |
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
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €70k ▲91.3%
Operating result €100k, net result €70k, both a record.
31-12
Financial
Equity above €100kEq €139k ▲63.9%
3 profitable years in a row build equity to €139k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 140 days late
2022
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.78
Current ratio from 1.07 to 2.78; short-term debt falls from €71k to €69k.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hechtel-Eksel · 2 establishment units since 1997
Ground area
2,759 m²
Building footprint
576 m²
Volume, LiDAR
3,644 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
LEECO BVBA
since 19972.080.910.613
LEECO
since 20242.362.553.279
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006C0066/00A000 | Flanders | 1,849 m² | 1 · 186 m² | 10.9 m · 2 fl. |
| 72013A0390/02D000 | Flanders | 910 m² | 1 · 389 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2022 · 1 entry · 888 EUR awarded · 888 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 888 EUR | 888 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,876 companies in sector 95314 we hold annual accounts for 847. 703 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
Founded21-02-1997
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
95314Bodywork repair (including spraying and painting)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.