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LEGIT

Active
Public limited companyfounded 1989active for 37 yearsGroenedijkstraat 5, 8460 Oudenburg, BelgiumKBO/BCE: BE 0437.937.875
Summary

LEGIT has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,563 and a net result of €2,323. Equity has been growing by about 25% per year since 2018. Its solvency ranks better than 83% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 01-07-1989 Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 1 other
Establishment unit
2.045.575.095 8460 Oudenburg, since 15-11-1989
Financial year end
31 December
Peppol
Reachable since 26-07-2024

Board and ownership

Board

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€31,494
▼ 48.5%
Turnover
≈ €51,000
estimated
Profit
€2,323
▼ 91.8%
Equity
€137,563
▲ 1.7%
Total assets
€181,221
▲ 8.4%
  • 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskFounded in 1989Liquidity: current ratio 1.55, cash €28,505Equity €137,563 (75.9% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 75.9% of total assets
Liquidity 65-9
short-term debt 17.5% · cash 15.7%
Profitability 70-20
return on assets 1.3%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value 08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.55 (1.28 in 2024), above the usual 1.5. Short-term debt is 17.5% and cash 15.7% of total assets. 24.1% of the assets are financed with debt and provisions.
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 68, micro). It does better than 91% of them on solvency, 76% on liquidity, 60% on profitability and 51% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1989
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 1.55, cash €28,505
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Equity €137,563 (75.9% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 days late
2024
1 day early
2023
29 days late
2022
29 days late
2021
41 days early
2020
95 days early
2019
38 days early
← 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 12 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 3rd oldest company in Oudenburg, Real estate sectorin the Checked rankings No. 3 View
  • Positive: 8 profitable years in a rowprofit 2025: €2,323 8 years View
  • A director leftlatest change 31-12-2025 · 3 in office 1 left View

Recent changes

  1. · Gazette deed Resignation: Berthe Vandevelde (director)
  2. · Gazette deed 1 director appointed, 2 directors resigning, 2 reappointedResignations: BOUSSY-HAESAERT Guy Wilfried Jos (director) and VANDEVELDE Berthe Adrienne Rita (director) · Reappointments: BOUSSY-HAESAERT Guy Wilfried Jos (director) and VANDEVELDE Berthe Adrienne Rita (director) · Appointment: MONTENY Pieter John (director)
  3. · Gazette deed 2 directors appointed, 2 directors resigningResignations: Ivan DESENDER (director) and Katrien DESENDER (director) · Appointments: Guy BOUSSY-HAESAERT (director) and Berthe Adrienne Rita VANDEVELDE (director)
All 17 events

Comparable companies

These companies have the same main activity as LEGIT: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €146,000 and €218,000, founded between 1987 and 1993.

CompanyTotal assetsGross margin
LEGIT Oudenburg€181,221€31,494
GERMO Middelkerke€194,549€28,092
SHOETINE Nieuwpoort€217,901€32,301
ZOWIE Oostende€145,706€28,962
LOTHY Ottignies-Louvain-la-Neuve€188,049€33,126
Flor Recycling Wommelgem€173,794€29,449
BORECRIMO Sint-Niklaas€170,191€30,405
Full comparison

Key facts about LEGIT

What is the company number of LEGIT?
The company number of LEGIT is 0437.937.875. The VAT number is the same number with BE in front: BE 0437.937.875.
Where is LEGIT based?
The registered office is at Groenedijkstraat 5, 8460 Oudenburg.Company details
What does LEGIT do?
According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of LEGIT?
The legal form of LEGIT is Public limited company (NV).
When was LEGIT founded?
LEGIT was founded on 01-07-1989.
Is LEGIT still active?
Yes, LEGIT is an active enterprise in the KBO register.
What is the turnover of LEGIT?
The turnover in financial year 2025 is ≈ €51,000. This figure is estimated from the gross margin of €31,494 and 51 comparable companies (NACE 682). It probably lies between €38,000 and €75,000.Financials
Is LEGIT profitable?
In financial year 2025, LEGIT made a profit of €2,323.
Where can I find the annual accounts of LEGIT?
LEGIT filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LEGIT due?
LEGIT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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