Turnover
≈ €99,000 estimated
The micro format states no turnover.
LEEMAT
Lifetime
19 annual accounts with figures on one time axis, 34 filings since 1992peak €69,008 (2010)
€36,743▲ 1.9%
lowest -€43,178 (2008)
€3,918▼ 53.5%
peak €103,355 (2025)
€103,355▲ 3.9%
€354,874▲ 6.8%
Board2 names since 2021
1 directorHERMAN Agnès
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Result from €8,425 to €3,918Cash from €5,491 to €13,256
Key points
from the 2025 annual accountsChecked score
88
Excellent
Financially stronger than 35% of micro companies in crop and animal production (NACE 01)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 5,696 companies (NACE 01, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.2%▼ -0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.3%▼ -0.1 percentage points vs 12-2025
02-2026: 0.4%▲ +0.1 percentage points vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.3%▼ -0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €458,229
Founded in 1992
Sector: Crop and animal production, hunting and related service activities (NACE 01)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro). It does better than 36% of them on solvency, 11% on liquidity, 45% on profitability and 48% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as LEEMAT has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of LEEMAT itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,685 companies, not a prediction for LEEMAT. 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
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.49 (0.47 in 2024), below 1. Short-term debt is 77.4% and cash 2.9% of total assets. 77.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
30 days late
2024
7 days early
2023
66 days late
2022
60 days late
2021
137 days late
2020
89 days late
2019
54 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 61 days after the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (4 of the last 5 accounts filed within 67 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446732609
Company renamed from KIEVAR to LEEMAT
Registered office moved within Ghent · New registered office: Albert De Smetstraat 69 te 9042 Gent (Sint-Kruis-Winkel) · Previous registered office: Albert De Smetstraat 67 bus A, 9042 Gent · General meeting of 02-06-2023 · Gazette deed
First establishment
KIEVAR BVBA, Albert De Smetstraat 67 A, Ghent
Incorporation
published on 19-03-1992 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEEMAT Ghent | €458,229 | €36,743 | 22.6% | - |
| CROTTEUX Hannut | €429,653 | €33,369 | 71.3% | - |
| LANDBOUWBEDRIJF GEERT POPPE Eeklo | €538,031 | €39,547 | 12.3% | - |
| Walken Evergem | €672,074 | €38,962 | 96.8% | - |
| FERME DE LA BUSENDELLE Waremme | €580,104 | €44,842 | 66.1% | - |
| N.PIRON Donceel | €384,343 | €27,960 | 92.8% | - |
| DE GROTE BEVERDIJK Nieuwpoort | €474,095 | €30,597 | -4.1% | - |
These companies have the same main activity as LEEMAT: mixed farming (NACE 01500). They are comparable in size and age: total assets between €384,000 and €672,000, founded between 1988 and 1997.
Official details
Source: KBO- Status
- Active since 27-02-1992Normal situation
- Activity
- Mixed farmingNACE 01500
- Establishment unit
- 2.056.659.7229042 Ghent, since 12-03-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 05-02-2026
Insights on LEEMAT
LEEMAT files the micro format. That format states no turnover. The gross margin fell from €44,433 in 2007 to €36,743 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
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 LEEMAT
- What is the company number of LEEMAT?
- The company number of LEEMAT is 0446.732.609. The VAT number is the same number with BE in front: BE 0446.732.609.
- Where is LEEMAT based?
- The registered office is at Albert De Smetstraat 69, 9042 Ghent.Company details
- What does LEEMAT do?
- According to the KBO register, the main activity is mixed farming (NACE 01500).
- What is the legal form of LEEMAT?
- LEEMAT is a private limited company (BV).
- When was LEEMAT founded?
- LEEMAT was founded on 27-02-1992.
- Is LEEMAT still active?
- Yes, LEEMAT is an active enterprise in the KBO register.
- What is the turnover of LEEMAT?
- The turnover in financial year 2025 is ≈ €99,000. This figure is estimated from the gross margin of €36,743 and 40 comparable companies (NACE 01). It probably lies between €65,000 and €150,000.Financials
- Is LEEMAT profitable?
- In financial year 2025, LEEMAT made a profit of €3,918.
- Where can I find the annual accounts of LEEMAT?
- LEEMAT filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LEEMAT due?
- LEEMAT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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