LEEMAT
ActiveLEEMAT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €4k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 3111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-1
Solvency48=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.47 in 2024; short-term debt: 77.4% and cash: 2.9% of total assets), and 77.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
22.6%
Return on assets
0.9%
Age of the figures
9 mo
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
7 d early
2023
66 d late
2022
60 d late
2021
137 d late
2020
89 d late
2019
54 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€103k▲ 3.9%
2024 · €99k
2018: €60k
2019: €68k
2020: €72k
2021: €85k
2022: €69k
2023: €91k
2024: €99k
2018 → 2025
Total assets
€458k▲ 6.2%
2024 · €432k
2018: €210k
2019: €221k
2020: €272k
2021: €206k
2022: €266k
2023: €335k
2024: €432k
2018 → 2025
Net result
€4k▼ 53.5%
2024 · €8k
2018: €24k
2019: €7k
2020: €4k
2021: €13k
2022: €-15k
2023: €22k
2024: €8k
2018 → 2025
Working capital
€-181k▼ 2.9%
2024 · €-176k
2018: €21k
2019: €-42k
2020: €-10k
2021: €-61k
2022: €-58k
2023: €-83k
2024: €-176k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€69k▼ 18.1%€91k▲ 31.5%€99k▲ 9.3%€103k▲ 3.9%
Operating result€14k-€-9k€22k€16k▼ 25.4%€5k▼ 66.8%
Net result€13k-€-15k€22k€8k▼ 61.4%€4k▼ 53.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441k
Fixed assets
€267k▲ 3.5%
Current assets
€174k▲ 11.2%
Equity and liabilities €458k
Equity
€103k▲ 3.9%
Debt
€355k▲ 6.8%
The debt ratio rises from 77.0% to 77.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k▲
2024 · €34k
Cash flow
€34k▲
2024 · €26k
Solvency
22.6%▼
2024 · 23.0%
Current ratio
0.49▲
2024 · 0.47
Quick ratio
0.49▲
2024 · 0.47
Debt / equity
3.43▲
2024 · 3.34
ROE
3.8%▼
2024 · 8.5%
ROA
0.9%▼
2024 · 2.0%
Interest coverage
919.67▲
2024 · 173.69
Debt
€355k▲
2024 · €332k
Debt ≤ 1 year
€355k▲
2024 · €332k
Income taxes
€1k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€432k€458k▲
Formation expenses20€17k€17k=
Fixed assets21/28€258k€267k▲
Tangible fixed assets22/27€258k€267k▲
Land and buildings22€224k€236k▲
Plant, machinery and equipment23€21k€21k▼
Furniture and vehicles24€13k€10k▼
Current assets29/58€156k€174k▲
Amounts receivable within one year40/41€151k€161k▲
Trade receivables40€151k€161k▲
Other amounts receivable41€89-
Cash at bank and in hand54/58€5k€13k▲
Equity and liabilities
Total equity and liabilities10/49€432k€458k▲
Equity10/15€99k€103k▲
Contributions10/11€19k€19k=
Reserves13€26k€26k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€55k€59k▲
Amounts payable17/49€332k€355k▲
Amounts payable within one year42/48€332k€355k▲
Trade debts44€44k€47k▲
Suppliers440/4€44k€47k▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Other amounts payable47/48€284k€302k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€30k▲
Other operating charges640/8€2k€876▼
Gross operating margin9900€36k€37k▲
Operating profit (loss)9901€16k€5k▼
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€198€39▼
Recurring financial charges65€198€39▼
Profit (loss) for the period before taxes9903€16k€5k▼
Income taxes67/77€8k€1k▼
Profit (loss) for the period9904€8k€4k▼
Profit (loss) for the period to be appropriated9905€8k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€59k▲
Profit (loss) brought forward from the previous period14P€46k€55k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Equity above €100kEq €103k ▲3.9%
3 profitable years in a row build equity to €103k.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 66 days late
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-15k ▼218%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 137 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Albert De Smetstraat 699042 GentGround area
2,065 m²
Building footprint
411 m²
Volume, LiDAR
1,853 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KIEVAR BVBA
since 19922.056.659.722
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44814C0004/00P000 | Flanders | 1,405 m² | 1 · 292 m² | 5.3 m · 1 fl. |
| 44814C0101/00D000 | Flanders | 660 m² | 1 · 119 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.056.659.722
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HUYSMANS
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Of 20,591 companies in sector 01500 we hold annual accounts for 1,149. 858 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-1992
Fiscal year end31-12
Activities, NACEBEL
01500Mixed farming
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.