LEGATO
ActiveSummary
LEGATO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,460 and a net result of €919. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 94% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-2
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 11.79 against 17.14 in 2024; short-term debt: 8.5% and cash: 76.6% of total assets), and 8.8% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
91.2%
Return on assets
2.6%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
129 d early
2023
97 d early
2022
90 d early
2021
32 d early
2020
137 d early
2019
35 d late
← 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 67 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 2 May (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€32,460▼ 46.7%
2024 · €60,908
Total assets
€35,608▼ 45.8%
2024 · €65,735
Net result
€919▼ 63.4%
2024 · €2,511
Working capital
€32,588▼ 45.8%
2024 · €60,084
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€3,895▼ 80.6%-€2,955€3,920€3,482▼ 11.2%€1,773▼ 49.1%
Net result€2,261within the sector's middle half▼ 83.9%-€3,338below the sector's middle half€3,410within the sector's middle half€2,511within the sector's middle half▼ 26.4%€919within the sector's middle half▼ 63.4%
Equity€69,645within the sector's middle half▲ 3.4%€66,307within the sector's middle half▼ 4.8%€58,397within the sector's middle half▼ 11.9%€60,908within the sector's middle half▲ 4.3%€32,460within the sector's middle half▼ 46.7%
Total assets€89,668within the sector's middle half▲ 0.4%€75,885within the sector's middle half▼ 15.4%€60,793below the sector's middle half▼ 19.9%€65,735within the sector's middle half▲ 8.1%€35,608below the sector's middle half▼ 45.8%
Debt€20,023▼ 8.5%€9,578▼ 52.2%€2,396▼ 75.0%€4,827▲ 101%€3,147▼ 34.8%
Working capital€57,009within the sector's middle half▼ 11.3%€54,669within the sector's middle half▼ 4.1%€53,060within the sector's middle half▼ 2.9%€60,084within the sector's middle half▲ 13.2%€32,588within the sector's middle half▼ 45.8%
Solvency77.7%above the sector's middle half▲ 2.2pp87.4%above the sector's middle half▲ 9.7pp96.1%above the sector's middle half▲ 8.7pp92.7%above the sector's middle half▼ 3.4pp91.2%above the sector's middle half▼ 1.5pp
Current ratio5.51above the sector's middle half▲ 1.5711.02above the sector's middle half▲ 5.5123.14above the sector's middle half▲ 12.1317.14above the sector's middle half▼ 6.0111.79above the sector's middle half▼ 5.34
Return on assets (ROA)2.5%within the sector's middle half▼ 13.3pp-4.4%below the sector's middle half▼ 6.9pp5.6%within the sector's middle half▲ 10.0pp3.8%within the sector's middle half▼ 1.8pp2.6%within the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 has fallen two years in a row; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €35,608
Equity
€32,460 ▼ 46.7%
Debt
€3,147 ▼ 34.8%
Debt's share of the balance-sheet total rises from 7.3% to 8.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,700▼
2024 · €6,892
Cash flow
€2,846▼
2024 · €5,921
Quick ratio
11.47▼
2024 · 16.71
Debt to equity
0.10▲
2024 · 0.08
ROE
2.8%▼
2024 · 4.1%
Interest coverage
23.72▼
2024 · 51.05
Debt ≤ 1 year
€3,019▼
2024 · €3,723
Income taxes
€698▼
2024 · €1,552
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% 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 10,905 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,989 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,737 | €6,483 | €3,410 | €3,410 | €1,927 | ▼ 43.5% |
| Other operating charges640/8 | €622 | €656 | €594 | €387 | €654 | ▲ 68.8% |
| Gross operating margin9900 | €11,254 | €4,184 | €7,925 | €7,279 | €4,354 | ▼ 40.2% |
| Operating profit (loss)9901 | €3,895 | -€2,955 | €3,920 | €3,482 | €1,773 | ▼ 49.1% |
| Financial income75/76B | €0 | - | €0 | €716 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | €0 | €716 | €0 | ▼ 100% |
| Financial charges65/66B | €453 | €228 | €197 | €135 | €156 | ▲ 15.5% |
| Recurring financial charges65 | €453 | €228 | €197 | €135 | €156 | ▲ 15.5% |
| Profit (loss) for the period before taxes9903 | €3,442 | -€3,183 | €3,724 | €4,063 | €1,617 | ▼ 60.2% |
| Income taxes67/77 | €1,181 | €155 | €314 | €1,552 | €698 | ▼ 55.0% |
| Profit (loss) for the period9904 | €2,261 | -€3,338 | €3,410 | €2,511 | €919 | ▼ 63.4% |
| Profit (loss) for the period to be appropriated9905 | €2,261 | -€3,338 | €3,410 | €2,511 | €919 | ▼ 63.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,668 | €75,885 | €60,793 | €65,735 | €35,608 | ▼ 45.8% |
| Fixed assets21/28 | €20,015 | €15,758 | €5,337 | €1,927 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €20,015 | €15,758 | €5,337 | €1,927 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €492 | - | - | - | - | - |
| Furniture and vehicles24 | €19,523 | €15,758 | €5,337 | €1,927 | €0 | ▼ 100% |
| Current assets29/58 | €69,653 | €60,127 | €55,456 | €63,808 | €35,608 | ▼ 44.2% |
| Stocks and contracts in progress3 | €2,329 | €1,404 | €1,082 | €1,596 | €989 | ▼ 38.0% |
| Stocks30/36 | €2,329 | €1,404 | €1,082 | €1,596 | €989 | ▼ 38.0% |
| Amounts receivable within one year40/41 | €15,420 | €3,066 | €4,997 | €3,389 | €6,832 | ▲ 102% |
| Trade receivables40 | €15,385 | €2,730 | €4,997 | €3,389 | €6,030 | ▲ 77.9% |
| Other amounts receivable41 | €36 | €336 | €0 | - | €802 | - |
| Current investments50/53 | - | - | €25,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €51,321 | €55,482 | €24,371 | €58,666 | €27,284 | ▼ 53.5% |
| Deferred charges and accrued income490/1 | €583 | €176 | €6 | €157 | €502 | ▲ 220% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,668 | €75,885 | €60,793 | €65,735 | €35,608 | ▼ 45.8% |
| Equity10/15 | €69,645 | €66,307 | €58,397 | €60,908 | €32,460 | ▼ 46.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €57,245 | €57,245 | €45,925 | €48,436 | €19,989 | ▼ 58.7% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €0 | - | - | - |
| Distributable reserves133 | €55,390 | €55,390 | €45,925 | €48,436 | €19,989 | ▼ 58.7% |
| Profit (loss) carried forward14 | - | -€3,338 | €72 | €72 | €72 | = |
| Amounts payable17/49 | €20,023 | €9,578 | €2,396 | €4,827 | €3,147 | ▼ 34.8% |
| Amounts payable after more than one year17 | €7,379 | €4,120 | €0 | - | - | - |
| Financial debts170/4 | €7,379 | €4,120 | €0 | - | - | - |
| Amounts payable within one year42/48 | €12,644 | €5,458 | €2,396 | €3,723 | €3,019 | ▼ 18.9% |
| Current portion of amounts payable after more than one year42 | €3,225 | €3,258 | €0 | - | - | - |
| Trade debts44 | €1,614 | €767 | €496 | €399 | €184 | ▼ 54.0% |
| Suppliers440/4 | €1,614 | €767 | €496 | €399 | €184 | ▼ 54.0% |
| Taxes, remuneration and social security45 | €7,382 | €1,336 | €1,803 | €3,231 | €1,067 | ▼ 67.0% |
| Taxes450/3 | €7,382 | €1,336 | €1,803 | €2,331 | €167 | ▼ 92.8% |
| Remuneration and social security454/9 | - | - | - | €900 | €900 | = |
| Other amounts payable47/48 | €424 | €97 | €97 | €93 | €1,769 | ▲ 1,806% |
| Accrued charges and deferred income492/3 | - | - | - | €1,104 | €128 | ▼ 88.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,261 | -€3,338 | €3,410 | €2,511 | €919 | ▼ 63.4% |
| + Depreciation and write-downs630 | €6,737 | €6,483 | €3,410 | €3,410 | €1,927 | ▼ 43.5% |
| Operating cash flow (approximation) | €8,998 | €3,144 | €6,820 | €5,921 | €2,846 | ▼ 51.9% |
| Investment in fixed assets (approximation) | - | -€2,226 | €7,011 | €0 | €0 | - |
| Change in cash | - | €4,160 | -€31,111 | €34,295 | -€31,382 | ▼ 192% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,410
Net result €3,410 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 23.14
Current ratio from 11.02 to 23.14; short-term debt falls from €5,458 to €2,396.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€3,338
Net result drops to -€3,338, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-02
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 2 acts read
About the unread acts
We know of 2 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
2 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, Torhout · 1 establishment unit since 2015
Ground area
588 m²
Building footprint
137 m²
Volume, LiDAR
695 m³
Parcel 31522D0635/00R002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Legato
since 20152.240.086.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522D0635/00R002 | Flanders | 588 m² | 1 · 137 m² | 7.5 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.
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 8,080 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
Founded26-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0599883533
Registered
27-03-2026
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.