LEEM
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,808, smaller than the loss of €2,460 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €857,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €371 | €493 | €1,117 | €1,258 | €451 | ▼ 64.2% |
| Gross operating margin9900 | -€2,811 | -€1,738 | -€496 | -€1,202 | -€1,357 | ▼ 12.9% |
| Operating profit (loss)9901 | -€3,182 | -€2,232 | -€1,613 | -€2,460 | -€1,808 | ▲ 26.5% |
| Financial charges65/66B | €60 | €45 | €45 | €45 | €57 | ▲ 26.9% |
| Recurring financial charges65 | €60 | €45 | €45 | €45 | €57 | ▲ 26.9% |
| Profit (loss) for the period before taxes9903 | -€3,242 | -€2,277 | -€1,658 | -€2,505 | -€1,865 | ▲ 25.6% |
| Profit (loss) for the period9904 | -€3,242 | -€2,277 | -€1,658 | -€2,505 | -€1,865 | ▲ 25.6% |
| Profit (loss) for the period to be appropriated9905 | -€3,242 | -€2,277 | -€1,658 | -€2,505 | -€1,865 | ▲ 25.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €858,758 | €857,539 | €857,880 | €858,454 | €858,153 | = |
| Fixed assets21/28 | €857,000 | €857,000 | €857,000 | €857,000 | €857,000 | = |
| Tangible fixed assets22/27 | €857,000 | €857,000 | €857,000 | €857,000 | €857,000 | = |
| Land and buildings22 | €857,000 | €857,000 | €857,000 | €857,000 | €857,000 | = |
| Current assets29/58 | €1,758 | €539 | €880 | €1,454 | €1,153 | ▼ 20.7% |
| Cash at bank and in hand54/58 | €1,758 | €539 | €880 | €1,454 | €1,153 | ▼ 20.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €858,758 | €857,539 | €857,880 | €858,454 | €858,153 | = |
| Equity10/15 | €856,758 | €854,482 | €852,823 | €850,318 | €848,454 | ▼ 0.2% |
| Contributions10/11 | €860,000 | €860,000 | €860,000 | €860,000 | €860,000 | = |
| Profit (loss) carried forward14 | -€3,242 | -€5,518 | -€7,177 | -€9,682 | -€11,546 | ▼ 19.3% |
| Amounts payable17/49 | €2,000 | €3,057 | €5,057 | €8,136 | €9,700 | ▲ 19.2% |
| Amounts payable within one year42/48 | €2,000 | €3,057 | €5,057 | €8,136 | €9,700 | ▲ 19.2% |
| Trade debts44 | - | - | - | €15 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €15 | €0 | ▼ 100% |
| Other amounts payable47/48 | €2,000 | €3,057 | €5,057 | €8,121 | €9,700 | ▲ 19.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,242 | -€2,277 | -€1,658 | -€2,505 | -€1,865 | ▲ 25.6% |
| Operating cash flow (approximation) | -€3,242 | -€2,277 | -€1,658 | -€2,505 | -€1,865 | ▲ 25.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,220 | €342 | €574 | -€301 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 929 companies had the same profile as LEEM has now. Two years later, 92.8% were still going and 1.7% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
That fits the bankruptcy probability of LEEM itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 929 companies, not a prediction for LEEM. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00190259 | |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00222879 | |
| 31-12-2023 | micro format | 23-05-2024 | 2024-00095223 | |
| 31-12-2022 | micro format | 11-04-2023 | 2023-00057720 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20079437 |