Summary
LEHA has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €499,352 and a net result of €18,034. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 4926 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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
56 d late
2024
26 d late
2023
on the day
2022
31 d late
2021
2 d early
2020
87 d late
2019
14 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 26 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18,034▲ 1,405%
2024 · €1,198
Working capital
-€40,200▲ 36.8%
2024 · -€63,622
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€25,155▲ 69.6%-€10,986▲ 56.3%-€22,398▼ 104%€4,122€22,817▲ 454%
Net result-€27,515▲ 67.5%-€13,793▲ 49.9%-€25,128▼ 82.2%€1,198€18,034▲ 1,405%
Equity€519,041▼ 5.0%€505,247▼ 2.7%€480,120▼ 5.0%€481,318▲ 0.2%€499,352▲ 3.7%
Total assets€975,377▲ 0.2%€982,762▲ 0.8%€988,295▲ 0.6%€885,203▼ 10.4%€875,529▼ 1.1%
Debt€456,337▲ 7.0%€477,515▲ 4.6%€508,176▲ 6.4%€403,885▼ 20.5%€376,176▼ 6.9%
Working capital-€3,595-€17,388▼ 384%-€42,516▼ 145%-€63,622▼ 49.6%-€40,200▲ 36.8%
Staff (FTE)00
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 454% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €875,529
Fixed assets
€539,552 ▼ 1.0%
Current assets
€335,977 ▼ 1.3%
Equity and liabilities €875,529
Equity
€499,352 ▲ 3.7%
Debt
€376,176 ▼ 6.9%
Debt's share of the balance-sheet total falls from 45.6% to 43.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
3.6%▲
2024 · 0.2%
ROA
2.1%▲
2024 · 0.1%
Debt ≤ 1 year
€376,176▼
2024 · €403,885
Income taxes
€216▲
2024 · €216
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €4,635 | €5,388 | ▲ 16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€112,947 | €0 | €73,168 | €73,168 | €16,725 | ▼ 77.1% |
| Other operating charges640/8 | €1,477 | €1,386 | €1,450 | €1,480 | €1,272 | ▼ 14.0% |
| Non-recurring operating charges66A | - | - | - | €1,414 | €18,104 | ▲ 1,180% |
| Gross operating margin9900 | -€136,626 | -€9,600 | €52,220 | €84,819 | €64,306 | ▼ 24.2% |
| Operating profit (loss)9901 | -€25,155 | -€10,986 | -€22,398 | €4,122 | €22,817 | ▲ 454% |
| Financial income75/76B | €1,916 | €1,919 | €1,933 | €1,949 | €0 | ▼ 100% |
| Recurring financial income75 | €1,916 | €1,919 | €1,933 | €1,949 | €0 | ▼ 100% |
| Financial charges65/66B | €4,136 | €4,727 | €4,420 | €4,656 | €4,566 | ▼ 1.9% |
| Recurring financial charges65 | €4,136 | €4,727 | €4,420 | €4,656 | €4,566 | ▼ 1.9% |
| Profit (loss) for the period before taxes9903 | -€27,376 | -€13,793 | -€24,885 | €1,414 | €18,251 | ▲ 1,190% |
| Income taxes67/77 | €140 | €0 | €243 | €216 | €216 | ▲ 0.1% |
| Profit (loss) for the period9904 | -€27,515 | -€13,793 | -€25,128 | €1,198 | €18,034 | ▲ 1,405% |
| Profit (loss) for the period to be appropriated9905 | -€27,515 | -€13,793 | -€25,128 | €1,198 | €18,034 | ▲ 1,405% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €975,377 | €982,762 | €988,295 | €885,203 | €875,529 | ▼ 1.1% |
| Fixed assets21/28 | €522,636 | €522,636 | €522,636 | €544,940 | €539,552 | ▼ 1.0% |
| Tangible fixed assets22/27 | - | - | - | €22,304 | €16,916 | ▼ 24.2% |
| Furniture and vehicles24 | - | - | - | €22,304 | €16,916 | ▼ 24.2% |
| Financial fixed assets28 | €522,636 | €522,636 | €522,636 | €522,636 | €522,636 | = |
| Current assets29/58 | €452,742 | €460,127 | €465,660 | €340,263 | €335,977 | ▼ 1.3% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €452,693 | €459,070 | €406,847 | €324,598 | €330,541 | ▲ 1.8% |
| Trade receivables40 | €158,205 | €160,124 | €106,585 | €17,670 | €19,360 | ▲ 9.6% |
| Other amounts receivable41 | €294,488 | €298,946 | €300,262 | €306,928 | €311,181 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €49 | €1,057 | €58,624 | €15,274 | €5,032 | ▼ 67.1% |
| Deferred charges and accrued income490/1 | - | - | €188 | €391 | €404 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €975,377 | €982,762 | €988,295 | €885,203 | €875,529 | ▼ 1.1% |
| Equity10/15 | €519,041 | €505,247 | €480,120 | €481,318 | €499,352 | ▲ 3.7% |
| Contributions10/11 | €755,827 | €755,827 | €755,827 | €755,827 | €755,827 | = |
| Capital10 | €755,827 | €755,827 | €755,827 | €755,827 | €755,827 | = |
| Issued capital100 | €755,827 | €755,827 | €755,827 | €755,827 | €755,827 | = |
| Reserves13 | €7,558 | €7,558 | €7,558 | €7,558 | €7,558 | = |
| Non-distributable reserves130/1 | €7,558 | €7,558 | €7,558 | €7,558 | €7,558 | = |
| Legal reserve130 | €7,558 | €7,558 | €7,558 | €7,558 | €7,558 | = |
| Profit (loss) carried forward14 | -€244,345 | -€258,138 | -€283,266 | -€282,068 | -€264,033 | ▲ 6.4% |
| Amounts payable17/49 | €456,337 | €477,515 | €508,176 | €403,885 | €376,176 | ▼ 6.9% |
| Amounts payable within one year42/48 | €456,337 | €477,515 | €508,176 | €403,885 | €376,176 | ▼ 6.9% |
| Trade debts44 | €7,833 | €11,798 | €16,305 | €4,484 | €8,946 | ▲ 99.5% |
| Suppliers440/4 | €7,833 | €11,798 | €16,305 | €4,484 | €8,946 | ▲ 99.5% |
| Taxes, remuneration and social security45 | €145 | €60 | €9,303 | €66 | €9,416 | ▲ 14,134% |
| Taxes450/3 | €145 | €60 | €9,303 | €66 | €9,416 | ▲ 14,134% |
| Other amounts payable47/48 | €448,359 | €465,657 | €482,567 | €399,335 | €357,814 | ▼ 10.4% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,515 | -€13,793 | -€25,128 | €1,198 | €18,034 | ▲ 1,405% |
| + Depreciation and write-downs630 | - | - | - | €4,635 | €5,388 | ▲ 16.2% |
| Operating cash flow (approximation) | -€27,515 | -€13,793 | -€25,128 | €5,833 | €23,422 | ▲ 302% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€26,939 | €0 | ▲ 100% |
| Change in cash | - | €1,008 | €57,567 | -€43,350 | -€10,242 | ▲ 76.4% |
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
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 56 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Back to profitnet €1,198
Net result €1,198 after 4 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet -€84,763
Net result drops to -€84,763, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Avelgem · 1 establishment unit since 2003
Ground area
2,482 m²
Building footprint
167 m²
Volume, LiDAR
1,244 m³
Parcel 34020A0421/00G000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oudenaardsesteenweg 508, 8581 Avelgem
since 20032.113.728.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34020A0421/00G000 | Flanders | 2,482 m² | 1 · 167 m² | 10.4 m · 3 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 owner · 1 holdingOwners 1
-
22.96%
Holdings 1
-
100%
According to the 2025 annual accounts of LEHA 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 1,567 companies in sector 46900 we hold annual accounts for 919. 667 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
64210Activities of holding companies
Contact
E-mail
luc.tillie@timainvest.beAvelgem
Phone
+32477375905Avelgem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462011097
Also
9925:BE0462011097
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.