LEJER
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447661.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 22 filings
Turnover
≈ €610,000
Estimated: probably between €450,000 and €740,000
Total assets
€268,120▲ 11.6%
2024 · €240,342
Net result
€62,904▼ 21.8%
2024 · €80,440
Working capital
€175,168▲ 68.7%
2024 · €103,854
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€84,538
▼ 29.3%
2025
20182025
Net result
€62,904
▼ 21.8%
2025
highest quarter of the sector
20182025
Equity
€202,648
▲ 45.0%
2025
highest quarter of the sector
20182025
Total assets
€268,120
▲ 11.6%
2025
highest quarter of the sector
20182025
Debt
€65,472
▼ 34.9%
2025
20182025
Working capital
€175,168
▲ 68.7%
2025
highest quarter of the sector
20182025
Solvency
75.6%
▲ 17.4pp
2025
highest quarter of the sector
20182025
Current ratio
3.68
▲ 1.64
2025
highest quarter of the sector
20182025
Return on assets (ROA)
23.5%
▼ 10.0pp
2025
highest quarter of the sector
20182025
Staff (FTE)
6.9
▲ 50.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€5,507-€7,114▲ 29.2%-€15,570€28,558€1,271▼ 95.5%€30,786▲ 24×€119,651▲ 289%€84,538▼ 29.3%
Net result€4,888-€4,911▲ 0.5%-€1,763within the sector's middle half€24,361within the sector's middle half€5,059within the sector's middle half▼ 79.2%-€26,292below the sector's middle half€80,440above the sector's middle half€62,904above the sector's middle half▼ 21.8%
Equity€103,029-€107,940▲ 4.8%€106,176above the sector's middle half▼ 1.6%€130,537above the sector's middle half▲ 22.9%€135,596above the sector's middle half▲ 3.9%€209,304above the sector's middle half▲ 54.4%€139,744above the sector's middle half▼ 33.2%€202,648above the sector's middle half▲ 45.0%
Total assets€178,595-€170,204▼ 4.7%€161,887within the sector's middle half▼ 4.9%€173,551within the sector's middle half▲ 7.2%€164,576within the sector's middle half▼ 5.2%€263,677above the sector's middle half▲ 60.2%€240,342above the sector's middle half▼ 8.8%€268,120above the sector's middle half▲ 11.6%
Debt€75,566-€62,265▼ 17.6%€55,711▼ 10.5%€43,014▼ 22.8%€28,980▼ 32.6%€54,373▲ 87.6%€100,598▲ 85.0%€65,472▼ 34.9%
Working capital€77,892-€89,221▲ 14.5%€103,203above the sector's middle half▲ 15.7%€119,842above the sector's middle half▲ 16.1%€127,930above the sector's middle half▲ 6.7%€197,069above the sector's middle half▲ 54.0%€103,854above the sector's middle half▼ 47.3%€175,168above the sector's middle half▲ 68.7%
Solvency57.7%-63.4%▲ 5.7pp65.6%above the sector's middle half▲ 2.2pp75.2%above the sector's middle half▲ 9.6pp82.4%above the sector's middle half▲ 7.2pp79.4%above the sector's middle half▼ 3.0pp58.1%within the sector's middle half▼ 21.2pp75.6%above the sector's middle half▲ 17.4pp
Current ratio2.55-3.77▲ 1.235.90above the sector's middle half▲ 2.136.47above the sector's middle half▲ 0.577.70above the sector's middle half▲ 1.234.81above the sector's middle half▼ 2.902.03within the sector's middle half▼ 2.773.68above the sector's middle half▲ 1.64
Return on assets (ROA)2.7%-2.9%▲ 0.1pp-1.1%within the sector's middle half▼ 4.0pp14.0%within the sector's middle half▲ 15.1pp3.1%within the sector's middle half▼ 11.0pp-10.0%below the sector's middle half▼ 13.0pp33.5%above the sector's middle half▲ 43.4pp23.5%above the sector's middle half▼ 10.0pp
Staff (FTE)1.2within the sector's middle half2.9▲ 142%2.8▼ 3.4%3.1▲ 10.7%4.6▲ 48.4%6.9▲ 50.0%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 29% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €268,120
Fixed assets
€27,480 ▼ 23.4%
Current assets
€240,640 ▲ 17.7%
Equity and liabilities €268,120
Equity
€202,648 ▲ 45.0%
Debt
€65,472 ▼ 34.9%
Debt's share of the balance-sheet total falls from 41.9% to 24.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94,693▼
2024 · €128,057
Cash flow
€73,059▼
2024 · €88,846
Quick ratio
3.39▲
2024 · 1.85
Debt to equity
0.32▼
2024 · 0.72
ROE
31.0%▼
2024 · 57.6%
Interest coverage
19.83▼
2024 · 29.48
Debt ≤ 1 year
€65,472▼
2024 · €100,598
Income taxes
€24,306▼
2024 · €43,898
Staff costs
€91,850▲
2024 · €30,745
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 4 | 8 | 8 |
| full-time | 1 | 1 | - | 1 | 1 |
| part-time | 3 | 3 | 4 | 7 | 7 |
| in full-time equivalents | 2.1 | 2 | 0.7 | 2.4 | 2.5 |
| Average over the year, in full-time equivalents | 1.9 | 2 | 1.4 | 1.3 | 2 |
| On a permanent contract | 3 | 3 | 2 | 3 | 4 |
| Joined | 29 | 46 | 30 | 53 | 169 |
| Left | 28 | 46 | 30 | 49 | 169 |
| Training hours | 593 | 1,877 | 752 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €22,139 | - | €4,010 | €35,963 | €1,745 |
| Depreciation and write-downs of the year | €14,533 | €14,248 | €6,730 | €8,406 | €10,155 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €7,850 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €82,866 | €99,538 | €26,738 | €30,745 | €91,850 | ▲ 199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,280 | €18,255 | €18,869 | €14,533 | €14,248 | €6,730 | €8,406 | €10,155 | ▲ 20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €2,975 | €2,975 | = |
| Other operating charges640/8 | - | - | - | €2,966 | €4,203 | €25,244 | €28,362 | €6,534 | ▼ 77.0% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €6,504 | - | - |
| Gross operating margin9900 | €133,435 | €145,829 | €92,749 | €128,924 | €119,260 | €89,498 | €196,643 | €196,051 | ▼ 0.3% |
| Operating profit (loss)9901 | €5,507 | €7,114 | -€15,570 | €28,558 | €1,271 | €30,786 | €119,651 | €84,538 | ▼ 29.3% |
| Financial income75/76B | - | - | - | €16,461 | €4,604 | €6,556 | €9,030 | €7,448 | ▼ 17.5% |
| Recurring financial income75 | €5,846 | €3,336 | €14,977 | €16,224 | €4,604 | €6,556 | €9,030 | €7,448 | ▼ 17.5% |
| Non-recurring financial income76B | - | - | - | €237 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €15,659 | €816 | €7,684 | €4,344 | €4,776 | ▲ 9.9% |
| Recurring financial charges65 | €706 | €981 | €1,171 | €1,031 | €816 | €7,684 | €4,344 | €4,776 | ▲ 9.9% |
| Non-recurring financial charges66B | - | - | - | €14,628 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €18,498 | €9,469 | -€1,763 | €29,361 | €5,059 | €29,658 | €124,338 | €87,210 | ▼ 29.9% |
| Income taxes67/77 | €13,610 | €4,558 | - | €5,000 | - | €55,950 | €43,898 | €24,306 | ▼ 44.6% |
| Profit (loss) for the period9904 | €4,888 | €4,911 | -€1,763 | €24,361 | €5,059 | -€26,292 | €80,440 | €62,904 | ▼ 21.8% |
| Profit (loss) for the period to be appropriated9905 | €4,888 | €4,911 | -€1,763 | €24,361 | €5,059 | -€26,292 | €80,440 | €62,904 | ▼ 21.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €178,595 | €170,204 | €161,887 | €173,551 | €164,576 | €263,677 | €240,342 | €268,120 | ▲ 11.6% |
| Fixed assets21/28 | €50,288 | €48,790 | €37,608 | €31,805 | €17,557 | €14,837 | €35,889 | €27,480 | ▼ 23.4% |
| Tangible fixed assets22/27 | €50,288 | €48,790 | €37,608 | €31,805 | €17,557 | €14,837 | €35,889 | €27,480 | ▼ 23.4% |
| Plant, machinery and equipment23 | - | - | - | €8,910 | €5,965 | €8,317 | €13,299 | €12,063 | ▼ 9.3% |
| Furniture and vehicles24 | - | - | - | €22,895 | €11,592 | €6,520 | €22,591 | €15,417 | ▼ 31.8% |
| Current assets29/58 | €128,307 | €121,415 | €124,279 | €141,747 | €147,019 | €248,840 | €204,452 | €240,640 | ▲ 17.7% |
| Stocks and contracts in progress3 | €9,024 | €7,282 | €16,810 | €23,933 | €24,659 | €15,594 | €18,161 | €18,681 | ▲ 2.9% |
| Stocks30/36 | - | - | - | €23,933 | €24,659 | €15,594 | €18,161 | €18,681 | ▲ 2.9% |
| Amounts receivable within one year40/41 | €78,182 | €84,012 | €95,882 | €96,958 | €109,085 | €222,423 | €127,561 | €187,709 | ▲ 47.2% |
| Trade receivables40 | - | - | - | €15,647 | €17,658 | €42,079 | €3,951 | €11,300 | ▲ 186% |
| Other amounts receivable41 | - | - | - | €81,310 | €91,427 | €180,344 | €123,610 | €176,409 | ▲ 42.7% |
| Cash at bank and in hand54/58 | €29,779 | €27,686 | €6,906 | €15,539 | €7,568 | €7,168 | €54,821 | €33,910 | ▼ 38.1% |
| Deferred charges and accrued income490/1 | - | - | - | €5,317 | €5,707 | €3,656 | €3,911 | €341 | ▼ 91.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €178,595 | €170,204 | €161,887 | €173,551 | €164,576 | €263,677 | €240,342 | €268,120 | ▲ 11.6% |
| Equity10/15 | €103,029 | €107,940 | €106,176 | €130,537 | €135,596 | €209,304 | €139,744 | €202,648 | ▲ 45.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €19,206 | €19,206 | €19,206 | = |
| Capital10 | - | - | - | €18,600 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €49,060 | €49,060 | €49,060 | €49,060 | €49,060 | €148,454 | €70,000 | €70,000 | = |
| Non-distributable reserves130/1 | - | - | - | €37,539 | €37,539 | €136,933 | - | - | - |
| Legal reserve130 | - | - | - | €606 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €606 | - | - | - | - |
| Other1319 | - | - | - | €36,933 | €36,933 | €136,933 | - | - | - |
| Distributable reserves133 | - | - | - | €11,521 | €11,521 | €11,521 | €70,000 | €70,000 | = |
| Profit (loss) carried forward14 | €35,368 | €40,279 | €38,516 | €62,877 | €67,936 | €41,644 | €50,537 | €113,442 | ▲ 124% |
| Amounts payable17/49 | €75,566 | €62,265 | €55,711 | €43,014 | €28,980 | €54,373 | €100,598 | €65,472 | ▼ 34.9% |
| Amounts payable after more than one year17 | €25,152 | €30,071 | €34,315 | €21,110 | €9,891 | €2,601 | - | - | - |
| Financial debts170/4 | - | - | - | €21,110 | €9,891 | €2,601 | - | - | - |
| Amounts payable within one year42/48 | €50,414 | €32,193 | €21,076 | €21,905 | €19,089 | €51,772 | €100,598 | €65,472 | ▼ 34.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,205 | €11,219 | €7,290 | €27,484 | €25,000 | ▼ 9.0% |
| Trade debts44 | €14,273 | €11,338 | €6,734 | €4,775 | €1,713 | €5,630 | €6,586 | €15,505 | ▲ 135% |
| Suppliers440/4 | - | - | - | €4,775 | €1,713 | €5,630 | €6,586 | €15,505 | ▲ 135% |
| Taxes, remuneration and social security45 | - | - | - | €3,924 | €6,157 | €38,852 | €66,528 | €24,967 | ▼ 62.5% |
| Taxes450/3 | - | - | - | €2,410 | €2,410 | €36,097 | €62,446 | €16,012 | ▼ 74.4% |
| Remuneration and social security454/9 | - | - | - | €1,514 | €3,747 | €2,754 | €4,082 | €8,955 | ▲ 119% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,888 | €4,911 | -€1,763 | €24,361 | €5,059 | -€26,292 | €80,440 | €62,904 | ▼ 21.8% |
| + Depreciation and write-downs630 | €19,280 | €18,255 | €18,869 | €14,533 | €14,248 | €6,730 | €8,406 | €10,155 | ▲ 20.8% |
| Operating cash flow (approximation) | €24,167 | €23,166 | €17,106 | €38,894 | €19,307 | -€19,562 | €88,846 | €73,059 | ▼ 17.8% |
| Investment in fixed assets (approximation) | - | -€16,757 | -€7,688 | -€8,730 | €0 | -€4,010 | -€29,459 | -€1,745 | ▲ 94.1% |
| Change in cash | - | -€2,093 | -€20,780 | €8,633 | -€7,970 | -€401 | €47,653 | -€20,911 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as LEJER has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEJER itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for LEJER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00447661 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00477686 | |
| 31-12-2023 | micro format | 04-10-2024 | 2024-00502074 | |
| 31-12-2022 | micro format | 05-12-2023 | 2023-00523528 | |
| 31-12-2021 | micro format | 25-11-2022 | 2022-20530803 | |
| 31-12-2020 | micro format | 11-11-2021 | 2021-77200232 | |
| 31-12-2019 | micro format | 27-11-2020 | 2020-72700453 | |
| 31-12-2018 | micro format | 26-11-2019 | 2019-74500207 | |
| 31-12-2017 | micro format | 16-11-2018 | 2018-72200372 | |
| 31-12-2016 | full format | 11-10-2017 | 2017-66900291 |