LEENAK
ActiveSummary
LEENAK has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €2,923. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 7598 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-41
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 37.38 against 19.47 in 2024; short-term debt: 1.6% and cash: 10.6% of total assets), and 24.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
75.4%
Return on assets
0.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
5 d early
2022
4 d early
2021
4 d early
2020
2 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 27 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
In the rankings
#7 company by equity in Buggenhout, Construction sector
Equity
€1.1m▼ 18.4%
2024 · €1.4m
Total assets
€1.5m▼ 17.0%
2024 · €1.8m
Net result
€2,923▼ 98.9%
2024 · €260,843
Working capital
€844,907▼ 22.2%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,576€15,948-€47,897€74,440€16,637▼ 77.7%
Net result€224,295above the sector's middle half▲ 49.8%€212,372above the sector's middle half▼ 5.3%€219,679above the sector's middle half▲ 3.4%€260,843above the sector's middle half▲ 18.7%€2,923within the sector's middle half▼ 98.9%
Equity€677,898above the sector's middle half▲ 49.4%€870,270above the sector's middle half▲ 28.4%€1.1mabove the sector's middle half▲ 25.2%€1.4mabove the sector's middle half▲ 23.9%€1.1mabove the sector's middle half▼ 18.4%
Total assets€709,998above the sector's middle half▲ 41.3%€920,098above the sector's middle half▲ 29.6%€1.1mabove the sector's middle half▲ 22.2%€1.8mabove the sector's middle half▲ 56.6%€1.5mabove the sector's middle half▼ 17.0%
Debt€32,099▼ 34.5%€49,828▲ 55.2%€34,869▼ 30.0%€411,063▲ 1,079%€360,348▼ 12.3%
Working capital€632,228above the sector's middle half▲ 54.3%€745,331above the sector's middle half▲ 17.9%€820,362above the sector's middle half▲ 10.1%€1.1mabove the sector's middle half▲ 32.4%€844,907above the sector's middle half▼ 22.2%
Solvency95.5%above the sector's middle half▲ 5.2pp94.6%above the sector's middle half▼ 0.9pp96.9%above the sector's middle half▲ 2.3pp76.7%above the sector's middle half▼ 20.2pp75.4%above the sector's middle half▼ 1.3pp
Current ratio20.70above the sector's middle half▲ 11.3315.96above the sector's middle half▼ 4.7424.53above the sector's middle half▲ 8.5719.47above the sector's middle half▼ 5.0537.38above the sector's middle half▲ 17.91
Return on assets (ROA)31.6%above the sector's middle half▲ 1.8pp23.1%above the sector's middle half▼ 8.5pp19.5%above the sector's middle half▼ 3.6pp14.8%within the sector's middle half▼ 4.7pp0.2%within the sector's middle half▼ 14.6pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 78% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€594,935 ▼ 3.6%
Current assets
€868,128 ▼ 24.2%
Equity and liabilities €1.5m
Equity
€1.1m ▼ 18.4%
Debt
€360,348 ▼ 12.3%
Debt's share of the balance-sheet total rises from 23.3% to 24.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€38,595▼
2024 · €95,405
Cash flow
€24,881▼
2024 · €281,808
Debt to equity
0.33▲
2024 · 0.30
ROE
0.3%▼
2024 · 19.3%
Interest coverage
3.23▼
2024 · 8.84
Debt ≤ 1 year
€23,221▼
2024 · €58,799
Debt > 1 year
€337,127▼
2024 · €352,264
Income taxes
€1,782▼
2024 · €43,031
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €989 | €21,551 | €20,726 | €20,965 | €21,958 | ▲ 4.7% |
| Other operating charges640/8 | - | €2,000 | €24,505 | €8,523 | €2,984 | ▼ 65.0% |
| Non-recurring operating charges66A | - | - | €15,552 | - | - | - |
| Gross operating margin9900 | -€2,943 | €39,500 | €12,886 | €103,928 | €41,579 | ▼ 60.0% |
| Operating profit (loss)9901 | -€5,576 | €15,948 | -€47,897 | €74,440 | €16,637 | ▼ 77.7% |
| Financial income75/76B | - | €220,690 | €290,051 | €240,224 | - | - |
| Recurring financial income75 | €252,826 | €220,690 | €290,051 | €240,224 | - | - |
| Financial charges65/66B | - | €172 | €206 | €10,790 | €11,932 | ▲ 10.6% |
| Recurring financial charges65 | €133 | €172 | €206 | €10,790 | €11,932 | ▲ 10.6% |
| Profit (loss) for the period before taxes9903 | €247,118 | €236,466 | €241,949 | €303,874 | €4,705 | ▼ 98.5% |
| Income taxes67/77 | €22,823 | €24,095 | €22,269 | €43,031 | €1,782 | ▼ 95.9% |
| Profit (loss) for the period9904 | €224,295 | €212,372 | €219,679 | €260,843 | €2,923 | ▼ 98.9% |
| Profit (loss) for the period to be appropriated9905 | €224,295 | €212,372 | €219,679 | €260,843 | €2,923 | ▼ 98.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €709,998 | €920,098 | €1.1m | €1.8m | €1.5m | ▼ 17.0% |
| Fixed assets21/28 | €45,671 | €124,940 | €269,587 | €616,893 | €594,935 | ▼ 3.6% |
| Tangible fixed assets22/27 | €3,471 | €82,740 | €227,387 | €574,693 | €552,735 | ▼ 3.8% |
| Land and buildings22 | - | - | €119,393 | €119,393 | €119,393 | = |
| Furniture and vehicles24 | - | €82,740 | €62,014 | €47,211 | €25,253 | ▼ 46.5% |
| Assets under construction and advance payments27 | - | - | €45,981 | €408,089 | €408,089 | = |
| Financial fixed assets28 | €42,200 | €42,200 | €42,200 | €42,200 | €42,200 | = |
| Current assets29/58 | €664,327 | €795,158 | €855,231 | €1.1m | €868,128 | ▼ 24.2% |
| Amounts receivable within one year40/41 | €18,226 | €38,061 | €49,691 | €30,489 | €361,567 | ▲ 1,086% |
| Trade receivables40 | - | €23,406 | €39,846 | €30,489 | €39,167 | ▲ 28.5% |
| Other amounts receivable41 | - | €14,655 | €9,845 | - | €322,400 | - |
| Current investments50/53 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Cash at bank and in hand54/58 | €290,514 | €405,711 | €454,461 | €763,369 | €154,609 | ▼ 79.7% |
| Deferred charges and accrued income490/1 | - | €1,387 | €1,079 | €1,105 | €1,952 | ▲ 76.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €709,998 | €920,098 | €1.1m | €1.8m | €1.5m | ▼ 17.0% |
| Equity10/15 | €677,898 | €870,270 | €1.1m | €1.4m | €1.1m | ▼ 18.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €671,698 | €864,070 | €1.1m | €1.3m | €1.1m | ▼ 18.5% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | €862,215 | €1.1m | €1.3m | €1.1m | ▼ 18.5% |
| Amounts payable17/49 | €32,099 | €49,828 | €34,869 | €411,063 | €360,348 | ▼ 12.3% |
| Amounts payable after more than one year17 | - | - | - | €352,264 | €337,127 | ▼ 4.3% |
| Financial debts170/4 | - | - | - | €352,264 | €337,127 | ▼ 4.3% |
| Amounts payable within one year42/48 | €32,099 | €49,828 | €34,869 | €58,799 | €23,221 | ▼ 60.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10,484 | - |
| Trade debts44 | €439 | €1,883 | €677 | €2,120 | €1,678 | ▼ 20.9% |
| Suppliers440/4 | - | €1,883 | €677 | €2,120 | €1,678 | ▼ 20.9% |
| Taxes, remuneration and social security45 | - | €28,944 | €32,499 | €56,652 | €11,060 | ▼ 80.5% |
| Taxes450/3 | - | €26,244 | €29,799 | €53,952 | €8,360 | ▼ 84.5% |
| Remuneration and social security454/9 | - | €2,700 | €2,700 | €2,700 | €2,700 | = |
| Other amounts payable47/48 | - | €19,000 | €1,692 | €26 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €224,295 | €212,372 | €219,679 | €260,843 | €2,923 | ▼ 98.9% |
| + Depreciation and write-downs630 | €989 | €21,551 | €20,726 | €20,965 | €21,958 | ▲ 4.7% |
| Operating cash flow (approximation) | €225,284 | €233,923 | €240,405 | €281,808 | €24,881 | ▼ 91.2% |
| Investment in fixed assets (approximation) | - | -€100,820 | -€165,374 | -€368,271 | €0 | ▲ 100% |
| Change in cash | - | €115,197 | €48,751 | €308,907 | -€608,759 | ▼ 297% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €2,923 ▼98.9%
Net result drops to €2,923, the lowest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €260,843 ▲18.7%
Operating result €74,440, net result €260,843, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €1mEq €1.1m ▲25.2%
5 profitable years in a row build equity to €1.1m.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity doublescurrent ratio 20.70
Current ratio from 9.37 to 20.70; short-term debt falls from €48,974 to €32,099.
30-06
Financial
Equity above €500,000Eq €677,898 ▲49.4%
3 profitable years in a row build equity to €677,898.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Buggenhout · 1 establishment unit since 2002
Ground area
569 m²
Building footprint
106 m²
Volume, LiDAR
633 m³
Parcel 42004A0907/00B000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kuitelgem 34, 9255 Buggenhout
since 20022.096.207.414
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004A0907/00B000 | Flanders | 569 m² | 1 · 106 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
20%
According to the annual accounts to 30-06-2025 of LEENAK and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 6,064 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
Founded24-06-2002
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477818535
Also
9925:BE0477818535
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.