Legeco
ActiveThe annual accounts of Legeco for fiscal year 2025 show a net loss of 72% of the equity at the start of that year. The 2025 annual accounts show equity of €41k and a net result of €-103k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 9113 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-68
Solvency28▼-9
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.79 against 0.96 in 2024; short-term debt: 72.5% and cash: 2% of total assets), and 97.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9113 sector peers (2025).
NBB · sector comparisonPosition among 9113 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 6 filingsDeviation from the deadline
2025
14 d late
2024
21 d late
2023
5 d late
2022
17 d late
2021
25 d early
2020
30 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€41k▼ 71.8%
2024 · €144k
2020: €93k
2021: €41k
2022: €50k
2023: €258k
2024: €144k
2020 → 2025
Total assets
€1.41M▲ 20.4%
2024 · €1.17M
2020: €1.05M
2021: €843k
2022: €2.49M
2023: €1.59M
2024: €1.17M
2020 → 2025
Net result
€-103k
2024 · €86k
2020: €174k
2021: €-52k
2022: €10k
2023: €207k
2024: €86k
2020 → 2025
Working capital
€-212k▼ 865%
2024 · €-22k
2020: €117k
2021: €-152k
2022: €548k
2023: €131k
2024: €-22k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€50k▲ 23.6%€258k▲ 412%€144k▼ 44.1%€41k▼ 71.8%
Operating result€-40k-€48k€347k▲ 622%€188k▼ 45.9%€-77k
Net result€-52k-€10k€207k▲ 2,058%€86k▼ 58.3%€-103k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €77k after €188k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€599k▼ 5.3%
Current assets
€809k▲ 50.7%
Equity and liabilities €1.41M
Equity
€41k▼ 71.8%
Debt
€1.37M▲ 33.4%
The debt ratio rises from 87.7% to 97.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-46k▼
2024 · €252k
Cash flow
€-72k▼
2024 · €150k
Solvency
2.9%▼
2024 · 12.3%
Current ratio
0.79▼
2024 · 0.96
Quick ratio
0.03▼
2024 · 0.63
Debt / equity
33.69▲
2024 · 7.13
ROE
-254.5%▼
2024 · 60.0%
ROA
-7.3%▼
2024 · 7.4%
Interest coverage
-1.73▼
2024 · 7.22
Debt
€1.37M▲
2024 · €1.02M
Debt ≤ 1 year
€1.02M▲
2024 · €559k
Debt > 1 year
€346k▼
2024 · €400k
Income taxes
€341▼
2024 · €67k
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€1.17M€1.41M▲
Fixed assets21/28€632k€599k▼
Tangible fixed assets22/27€631k€598k▼
Land and buildings22€582k€563k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€42k€29k▼
Financial fixed assets28€675€795▲
Current assets29/58€537k€809k▲
Stocks and contracts in progress3€184k€774k▲
Stocks30/36€184k€774k▲
Amounts receivable within one year40/41€10k€2k▼
Other amounts receivable41€10k€2k▼
Cash at bank and in hand54/58€339k€29k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.41M▲
Equity10/15€144k€41k▼
Contributions10/11€1k€1k=
Reserves13€143k€91k▼
Distributable reserves133€143k€91k▼
Profit (loss) carried forward14€0€-51k▼
Amounts payable17/49€1.02M€1.37M▲
Amounts payable after more than one year17€400k€346k▼
Financial debts170/4€400k€346k▼
Amounts payable within one year42/48€559k€1.02M▲
Current portion of amounts payable after more than one year42€53k€54k▲
Financial debts43€297k€750k▲
Credit institutions430/8€297k€750k▲
Other loans439€0-
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€35k€2k▼
Taxes450/3€35k€507▼
Remuneration and social security454/9€121€2k▲
Other amounts payable47/48€170k€212k▲
Accrued charges and deferred income492/3€66k€0▼
Income statement
Code20242025
Non-recurring operating income76A€276k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€31k▼
Other operating charges640/8€10k€4k▼
Non-recurring operating charges66A€8k€0▼
Gross operating margin9900€269k€-41k▼
Operating profit (loss)9901€188k€-77k▼
Financial income75/76B€9€455▲
Recurring financial income75€9€455▲
Financial charges65/66B€35k€26k▼
Recurring financial charges65€35k€26k▼
Profit (loss) for the period before taxes9903€153k€-103k▼
Income taxes67/77€67k€341▼
Profit (loss) for the period9904€86k€-103k▼
Profit (loss) for the period to be appropriated9905€86k€-103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€251k€-103k▼
Profit (loss) brought forward from the previous period14P€165k€0▼
Transfer from equity791/2-€52k
Transfer to equity691/2€51k€0▼
To other reserves6921€51k€0▼
Profit to be distributed694/7€200k€0▼
Return on contributions (dividend)694€200k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet €-103k ▼220%
Net result drops to €-103k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
31-12
Financial
Highest result since 2020net €207k ▲2058%
Operating result €347k, net result €207k, both a record.
31-12
Financial
Equity above €200kEq €258k ▲412%
2 profitable years in a row build equity to €258k.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.66
Current ratio from 0.68 to 1.66.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Martens-Latem · 1 establishment unit since 2016
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.
Sint-Pietersheide 29830 Sint-Martens-LatemGround area
249 m²
Building footprint
249 m²
Volume, LiDAR
1,578 m³
Parcel 44064B0069/00Y002, Flanders · tallest building 19.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Legeco
since 20162.253.041.467
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0069/00Y002 | Flanders | 249 m² | 1 · 249 m² | 19.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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ARBITO
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,381. 3,114 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-2016
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:edwardlegiest@hotmail.com