LEECO (0460.087.331): financials and annual accounts

LEECO

Hechtel-Eksel ·KBO/BCE: BE 0460.087.331

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	515,940	322,935	252,418	224,665	290,551	229,626	122,971	139,053	129,830	141,003	150,042	199,740	117,573	57,413	37,050	22,473	25,690	31,796	16,903	39,881
Fixed assets`21/28`	57,217	82,910	78,909	84,738	84,585	37,792	47,039	67,348	55,522	39,362	20,226	21,465	58,811	12,244	1,521	2,420	2,634	2,165	3,106	2,863
Intangible fixed assets`21`	5,132	6,088	4,581	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	44,835	69,572	73,829	84,238	84,085	37,292	46,539	67,348	55,522	39,362	20,226	21,465	58,811	12,244	1,521	2,420	2,634	2,165	3,106	2,863
Land and buildings`22`	7,412	3,608	4,257	4,907	2,283	2,973	3,663	4,353	2,143	1,819	2,183	2,547	2,911	3,275	-	-	-	-	-	-
Plant, machinery and equipment`23`	8,529	9,869	16,723	17,766	15,959	9,300	7,099	8,723	4,560	-	1,063	1,417	1,771	467	933	1,400	2,161	1,311	1,750	2,189
Furniture and vehicles`24`	28,894	56,095	52,849	61,565	65,844	25,020	35,778	54,272	48,819	37,542	16,981	17,501	54,129	8,502	588	1,020	473	854	1,356	674
Financial fixed assets`28`	7,250	7,250	500	500	500	500	500	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	458,723	240,025	173,509	139,926	205,966	191,834	75,932	71,705	74,309	101,642	129,815	178,275	58,762	45,169	35,529	20,053	23,056	29,631	13,797	37,017
Stocks and contracts in progress`3`	9,800	14,143	22,576	54,902	36,800	44,100	16,000	10,000	43,300	20,800	27,000	47,000	26,700	24,229	-	-	-	23,824	-	18,200
Stocks`30/36`	9,800	14,143	22,576	54,902	36,800	44,100	16,000	10,000	43,300	20,800	27,000	47,000	26,700	24,229	-	-	-	23,824	-	18,200
Amounts receivable within one year`40/41`	202,800	53,900	12,368	13,952	60,437	1,673	14,731	33,501	10,825	22,258	647	43,000	9,358	-	318	809	7,208	411	905	978
Trade receivables`40`	192,992	50,502	12,368	13,667	60,437	1,673	14,731	31,001	10,467	22,258	647	-	5,157	-	318	809	-	-	-	-
Other amounts receivable`41`	9,808	3,398	0	286	-	-	0	2,500	358	-	-	43,000	4,201	-	-	-	7,208	411	905	978
Cash at bank and in hand`54/58`	236,315	171,622	127,143	67,279	103,963	136,615	38,661	24,005	16,961	56,491	100,100	87,802	22,704	20,903	35,211	19,244	15,848	5,346	12,892	17,839
Deferred charges and accrued income`490/1`	9,808	360	11,421	3,794	4,765	9,447	6,541	4,199	3,223	2,092	2,069	474	-	37	-	-	-	50	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	515,940	322,935	252,418	224,665	290,551	229,626	122,971	139,053	129,830	141,003	150,042	199,740	117,573	57,413	37,050	22,473	25,690	31,796	16,903	39,881
Equity`10/15`	139,347	85,026	48,605	26,393	70,374	36,275	36,200	27,516	18,203	3,702	2,934	-4,255	1,159	1,053	-2,050	-2,446	504	9,909	15,532	13,883
Contributions`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Reserves`13`	106,082	51,761	15,339	15,339	15,339	15,339	15,339	6,656	6,656	6,656	6,656	6,656	6,656	6,656	6,656	6,656	6,656	6,656	6,656	6,656
Non-distributable reserves`130/1`	-	-	0	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	-	-	0	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	106,082	51,761	15,339	13,480	13,480	13,480	13,480	4,797	4,797	4,797	4,797	4,797	4,797	4,797	4,797	4,797	4,797	4,797	4,797	4,797
Profit (loss) carried forward`14`	14,673	14,673	14,673	-7,539	36,443	2,344	2,268	2,268	-7,045	-21,545	-22,314	-29,503	-24,089	-24,195	-27,298	-27,694	-24,744	-15,339	-9,716	-11,365
Amounts payable`17/49`	376,593	237,908	203,814	198,272	220,177	193,351	86,772	111,537	111,627	137,301	147,108	203,995	116,414	56,360	39,100	24,919	25,186	21,887	1,371	25,998
Amounts payable after more than one year`17`	115,668	134,099	128,842	121,090	137,128	123,295	15,945	23,193	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	115,668	134,099	128,842	121,090	137,128	123,295	15,945	23,193	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	259,274	101,842	72,740	77,182	83,049	69,083	70,729	88,279	111,510	137,081	147,108	202,757	116,414	55,937	39,100	24,919	25,062	21,731	1,371	25,675
Current portion of amounts payable after more than one year`42`	18,432	23,702	14,874	16,039	24,883	15,849	7,248	7,178	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`43`	0	1,917	3,477	3,808	2,759	1,702	168	1,439	-	23,670	36,808	35,471	35,285	33,589	14,794	-	-	2,762	-	22,716
Credit institutions`430/8`	0	1,917	3,477	3,808	2,759	1,702	168	1,439	-	23,670	36,808	35,471	35,285	33,589	14,794	-	-	2,762	-	22,716
Trade debts`44`	103,975	31,540	17,249	10,777	8,867	10,596	12,416	16,032	32,908	18,231	1,477	44,656	1,712	179	736	1,035	201	170	86	887
Suppliers`440/4`	103,975	31,540	17,249	10,777	8,867	10,596	12,416	16,032	32,908	18,231	1,477	44,656	1,712	179	736	1,035	201	170	86	887
Advances received on contracts in progress`46`	-	-	-	-	-	0	120	-	15,800	22,000	21,780	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	121,527	40,166	6,748	32,708	34,412	12,612	14,784	22,020	10,666	7,530	1,709	24,860	13,914	1,737	83	156	999	-	495	547
Taxes`450/3`	118,770	36,380	4,401	18,361	21,665	5,579	3,778	15,508	6,975	5,494	1,148	24,860	10,367	1,737	83	156	999	-	495	547
Remuneration and social security`454/9`	2,757	3,786	2,347	14,347	12,747	7,033	11,006	6,512	3,691	2,036	560	-	3,547	-	-	-	-	-	-	-
Other amounts payable`47/48`	15,339	4,517	30,392	13,851	12,128	28,323	35,994	41,611	52,136	65,651	85,334	97,770	65,502	20,431	23,486	23,727	23,862	18,799	790	1,525
Accrued charges and deferred income`492/3`	1,651	1,967	2,232	-	0	973	97	65	117	219	-	1,238	-	423	-	-	124	156	-	323
Income statement
Turnover`70`	-	-	-	-	-	-	720,118	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	12,347	7,532	464	3,371	33,211	-	0	-	2,390	9,000	-	17,400	-	-	-	-	-	-	-	-
Gross operating margin`9900`	181,954	109,398	75,549	38,481	116,336	57,311	70,932	63,881	55,406	36,060	22,568	-2,129	5,771	8,110	2,866	-1,110	-7,190	-2,986	4,185	-539
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	654,530	-	-	-	-	-	-	-	-	-	-	-	-	-
Remuneration, social security and pensions`62`	48,781	14,136	17,377	40,868	39,618	22,840	33,239	23,682	18,074	14,236	2,095	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	11,618	24,698	15,411	19,508	16,267	20,189	19,131	19,963	14,507	9,676	6,089	5,375	3,054	3,054	899	1,194	1,142	941	941	704
Other operating charges`640/8`	11,236	8,778	4,771	2,205	2,837	3,303	2,112	821	2,887	2,106	2,281	2,338	741	596	738	360	410	409	410	485
Non-recurring operating charges`66A`	10,256	160	4,163	0	8,000	6,730	2,720	9,240	777	4,066	539	8,161	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	100,064	61,626	33,826	-24,100	49,614	4,249	13,730	10,175	19,161	5,976	12,103	-9,841	1,976	4,460	1,229	-2,664	-8,742	-4,336	2,834	-1,728
Financial income`75/76B`	156	1	125	0	266	189	19	493	5	-	1	10	-	20	-	1	-	-	-	-
Recurring financial income`75`	156	1	125	0	266	189	19	493	5	-	1	10	-	20	-	1	-	-	-	-
Financial charges`65/66B`	9,385	12,429	11,740	13,193	5,248	3,658	1,252	917	2,260	5,208	4,376	4,823	1,870	1,378	833	287	663	1,287	1,185	763
Recurring financial charges`65`	9,385	12,429	11,740	10,364	5,248	3,658	1,252	917	2,260	5,208	4,376	4,823	1,870	1,378	833	287	663	1,287	1,185	763
Non-recurring financial charges`66B`	-	-	0	2,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	90,834	49,197	22,212	-37,293	44,633	780	12,497	9,751	16,906	768	7,189	-5,415	107	3,103	396	-2,950	-9,405	-5,623	1,649	-2,490
Income taxes`67/77`	21,174	12,776	0	6,688	10,534	704	3,813	438	2,406	-	0	-	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	69,660	36,422	22,212	-43,981	34,099	75	8,684	9,313	14,500	768	7,189	-5,415	107	3,103	396	-2,950	-9,405	-5,623	1,649	-2,490
Profit (loss) for the period to be appropriated`9905`	69,660	36,422	22,212	-43,981	34,099	75	8,684	9,313	14,500	768	7,189	-5,415	107	3,103	396	-2,950	-9,405	-5,623	1,649	-2,490
Appropriation of the result
Profit (loss) to be appropriated`9906`	84,334	51,095	14,673	-7,539	36,443	2,344	10,952	2,268	-7,045	-21,545	-22,314	-29,503	-24,089	-24,195	-27,298	-27,694	-24,744	-15,339	-9,716	-11,365
Profit (loss) brought forward from the previous period`14P`	14,673	14,673	-7,539	36,443	2,344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	15,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	69,660	36,422	-	-	-	0	8,684	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	69,660	36,422	-	-	-	0	8,684	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	15,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	15,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	2.9	2.6	2	2	2.1	1.4	0.9	0.7	0.5	0.5	0.1	-	-	-	-	-	-	-	-	-
Hours worked`1013`	2,025	486	751	1,684	1,832	1,036	1,569	1,246	866	874	94	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	29-05-2026	2026-00125455	PDF
31-12-2024	micro format	26-06-2025	2025-00179884	PDF
31-12-2023	micro format	21-10-2024	2024-00510350	PDF
31-12-2022	micro format	18-12-2023	2023-00529384	PDF
31-12-2021	micro format	25-08-2022	2022-20314883	PDF
31-12-2020	micro format	20-09-2021	2021-67600413	PDF
31-12-2019	micro format	05-06-2020	2020-15300457	PDF
31-12-2018	micro format	01-07-2019	2019-26100488	PDF
31-12-2017	micro format	29-05-2018	2018-14400120	PDF
31-12-2016	micro format	02-06-2017	2017-14400503	PDF
31-12-2015	abbreviated format	24-06-2016	2016-21500570	PDF
31-12-2014	abbreviated format	31-07-2015	2015-37800129	PDF
31-12-2013	abbreviated format	21-05-2014	2014-13000076	PDF
31-12-2012	abbreviated format	20-06-2013	2013-19300275	PDF
31-12-2011	abbreviated format	20-07-2012	2012-31700566	PDF
31-12-2010	abbreviated format	23-05-2011	2011-12400443	PDF
31-12-2009	abbreviated format	28-06-2010	2010-24400077	PDF
31-12-2008	abbreviated format	25-06-2009	2009-31300208	PDF
31-12-2007	abbreviated format	27-08-2008	2008-66000021	PDF
31-12-2006	abbreviated format	25-05-2007	2007-16500309	PDF
31-12-2005	abbreviated format	08-06-2006	2006-21600655	PDF
31-12-2004	abbreviated format	22-06-2005	2005-31003782	PDF
31-12-2003	abbreviated format	16-06-2004	2004-25704503	PDF
31-12-2002	abbreviated format	20-05-2003	2003-15404658	PDF
31-12-2001	abbreviated format	23-05-2002	2002-13803003	PDF
31-12-2000	abbreviated format	06-06-2001	2001-17803904	PDF
31-12-1999	abbreviated format	08-06-2000	2000-19701640	PDF
31-12-1998	abbreviated format	15-06-1999	1999-18400669	PDF
31-12-1997	abbreviated format	05-06-1998	1998-14201856	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	111,682	86,324	49,237	-4,592	65,881	24,437	32,861	30,138	33,669	15,652	18,192	-4,466	5,030	7,514	2,128	-1,470	-7,600	-3,395	3,775	-1,023
Cash flow	81,278	61,120	37,623	-24,473	50,366	20,264	27,815	29,276	29,008	10,444	13,278	-40	3,160	6,157	1,295	-1,756	-8,263	-4,682	2,590	-1,786
Investment in fixed assets (approximation)	25,961	70,938	47,350	55,960	124,074	39,672	2,542	44,029	39,054	38,874	6,050	25,000	49,621	13,777	0	980	1,612	0	1,183	1,474
Change in cash	64,693	44,478	59,865	-36,685	-32,651	97,954	14,656	7,044	-39,530	-43,608	12,298	65,097	1,801	-14,308	15,967	3,396	10,502	-7,546	-4,947	-
Working capital	199,449	138,183	100,769	62,744	122,917	122,751	5,203	-16,574	-37,202	-35,440	-17,292	-24,482	-57,651	-10,768	-3,571	-4,866	-2,006	7,900	12,426	11,342
EBIT margin	-	-	-	-	-	-	1.9%	-	-	-	-	-	-	-	-	-	-	-	-	-
Solvency	27.0%	26.3%	19.3%	11.7%	24.2%	15.8%	29.4%	19.8%	14.0%	2.6%	2.0%	-2.1%	1.0%	1.8%	-5.5%	-10.9%	2.0%	31.2%	91.9%	34.8%
Current ratio	1.77	2.36	2.39	1.81	2.48	2.78	1.07	0.81	0.67	0.74	0.88	0.88	0.50	0.81	0.91	0.80	0.92	1.36	10.06	1.44
Quick ratio	1.73	2.22	2.07	1.10	2.04	2.14	0.85	0.70	0.28	0.59	0.70	0.65	0.28	0.37	0.91	0.80	0.92	0.27	10.06	0.73
Debt to equity	2.70	2.80	4.19	7.51	3.13	5.33	2.40	4.05	6.13	37.08	50.14	-	-	53.54	-	-	-	2.21	0.09	1.87
ROE	50.0%	42.8%	45.7%	-166.6%	48.5%	0.2%	24.0%	33.8%	79.7%	20.8%	245.0%	-	9.2%	294.7%	-	-	-	-56.7%	10.6%	-17.9%
ROA	13.5%	11.3%	8.8%	-19.6%	11.7%	0.0%	7.1%	6.7%	11.2%	0.5%	4.8%	-2.7%	0.1%	5.4%	1.1%	-13.1%	-36.6%	-17.7%	9.8%	-6.2%
Interest coverage	11.90	6.95	4.19	-0.44	12.55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	7 days	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	-	-	-	-	-	-	7 days	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	3	3	2	2	3
full-time	0	0	0	1	2
part-time	3	3	2	1	1
in full-time equivalents	1.7	0.7	0	1.1	2.1
Average over the year, in full-time equivalents	1.4	0.6	0.8	2	2.1
On a permanent contract	3	3	2	2	2
Joined	24	2	4	1	1
Left	24	1	4	1	1

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€25,311	€61,498	€42,350	€55,960	€124,074
Intangible fixed assets	€650	€2,690	€5,000	-	-
Financial fixed assets	€0	€6,750	-	-	-
Depreciation and write-downs of the year	€11,618	€24,698	€15,411	€19,508	€16,267

LEECO

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency27.0%

Current ratio1.77

Return on assets13.5%

Staff

Staff cost per FTE€16,821

Joined and left+0

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €888 awarded, €888 paid

Key figures and ratios

Social balance sheet

Investments

Insights on LEECO

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