LEOCEL
ActiveSummary
The computed 12-month bankruptcy probability of LEOCEL is 2.2% (moderate). The 2025 annual accounts show equity of €30,148 and a net result of €26,351. Equity is growing by ~92.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 7071 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-3
Solvency31▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 5.68 against 3.75 in 2024; short-term debt: 4% and cash: 17.1% of total assets), but 93.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
6.5%
Return on assets
5.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 7071 sector peers (2025).
NBB · sector comparisonPosition among 7071 sector peers
Solvency
better than 17%
← 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 28-08-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
19 d late
2023
26 d late
2022
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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, micro schema
Equity
€30,148▲ 694%
2024 · €3,797
Total assets
€465,519▲ 6.0%
2024 · €439,090
Net result
€26,351▼ 12.4%
2024 · €30,086
Working capital
€88,128▲ 72.9%
2024 · €50,958
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
Line2022202320242025
Operating result-€25,573-€8,516€45,160▲ 430%€49,271▲ 9.1%
Net result-€25,743--€5,546▲ 78.5%€30,086€26,351▼ 12.4%
Equity-€20,743--€26,289▼ 26.7%€3,797€30,148▲ 694%
Total assets€349,651-€400,239▲ 14.5%€439,090▲ 9.7%€465,519▲ 6.0%
Debt€370,394-€426,528▲ 15.2%€435,293▲ 2.1%€435,371=
Working capital-€345,234-€13,081€50,958▲ 290%€88,128▲ 72.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €465,519
Fixed assets
€358,553 ▼ 3.0%
Current assets
€106,965 ▲ 54.0%
Equity and liabilities €465,519
Equity
€30,148 ▲ 694%
Debt
€435,371 =
Debt's share of the balance-sheet total falls from 99.1% to 93.5%. Equity is higher.
Key figures and ratios
EBITDA
€61,043▲
2024 · €56,799
Cash flow
€38,123▼
2024 · €41,726
Current ratio
5.68▲
2024 · 3.75
Debt to equity
14.44
ROE
87.4%▼
2024 · 792.3%
ROA
5.7%▼
2024 · 6.9%
Interest coverage
3.83▼
2024 · 4.04
Debt ≤ 1 year
€18,837▲
2024 · €18,511
Debt > 1 year
€375,007▼
2024 · €383,132
Income taxes
€6,977▲
2024 · €1,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 513 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
1.4%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 513 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,238 | €9,021 | €11,639 | €11,773 | ▲ 1.1% |
| Other operating charges640/8 | €23 | €3,103 | €3,615 | €3,729 | ▲ 3.1% |
| Gross operating margin9900 | €22,689 | €20,640 | €60,415 | €64,773 | ▲ 7.2% |
| Operating profit (loss)9901 | -€25,573 | €8,516 | €45,160 | €49,271 | ▲ 9.1% |
| Financial charges65/66B | €170 | €14,062 | €14,074 | €15,943 | ▲ 13.3% |
| Recurring financial charges65 | €170 | €14,062 | €14,074 | €15,943 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | -€25,743 | -€5,546 | €31,086 | €33,327 | ▲ 7.2% |
| Income taxes67/77 | - | - | €1,000 | €6,977 | ▲ 598% |
| Profit (loss) for the period9904 | -€25,743 | -€5,546 | €30,086 | €26,351 | ▼ 12.4% |
| Profit (loss) for the period to be appropriated9905 | -€25,743 | -€5,546 | €30,086 | €26,351 | ▼ 12.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €349,651 | €400,239 | €439,090 | €465,519 | ▲ 6.0% |
| Fixed assets21/28 | €334,491 | €368,215 | €369,621 | €358,553 | ▼ 3.0% |
| Tangible fixed assets22/27 | €334,491 | €368,215 | €369,621 | €358,553 | ▼ 3.0% |
| Land and buildings22 | €333,417 | €365,678 | €367,630 | €356,261 | ▼ 3.1% |
| Furniture and vehicles24 | €1,074 | €2,537 | €1,991 | €2,292 | ▲ 15.1% |
| Current assets29/58 | €15,160 | €32,024 | €69,469 | €106,965 | ▲ 54.0% |
| Amounts receivable within one year40/41 | €12,335 | €18,685 | €19,933 | €27,346 | ▲ 37.2% |
| Trade receivables40 | €5,335 | €6,685 | €8,933 | €21,200 | ▲ 137% |
| Other amounts receivable41 | €7,000 | €12,000 | €11,000 | €6,146 | ▼ 44.1% |
| Cash at bank and in hand54/58 | €2,825 | €13,209 | €49,247 | €79,523 | ▲ 61.5% |
| Deferred charges and accrued income490/1 | - | €130 | €289 | €96 | ▼ 66.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €349,651 | €400,239 | €439,090 | €465,519 | ▲ 6.0% |
| Equity10/15 | -€20,743 | -€26,289 | €3,797 | €30,148 | ▲ 694% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€25,743 | -€31,289 | -€1,203 | €25,148 | ▲ 2,191% |
| Amounts payable17/49 | €370,394 | €426,528 | €435,293 | €435,371 | = |
| Amounts payable after more than one year17 | €10,000 | €373,669 | €383,132 | €375,007 | ▼ 2.1% |
| Financial debts170/4 | - | €346,594 | €334,130 | €321,077 | ▼ 3.9% |
| Other amounts payable178/9 | €10,000 | €27,075 | €49,002 | €53,930 | ▲ 10.1% |
| Amounts payable within one year42/48 | €360,394 | €18,943 | €18,511 | €18,837 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €11,901 | €12,464 | €13,053 | ▲ 4.7% |
| Trade debts44 | €666 | €362 | €1,303 | €123 | ▼ 90.6% |
| Suppliers440/4 | €666 | €362 | €1,303 | €123 | ▼ 90.6% |
| Taxes, remuneration and social security45 | €4,109 | €6,681 | €4,744 | €5,661 | ▲ 19.3% |
| Taxes450/3 | €4,109 | €6,681 | €4,744 | €5,661 | ▲ 19.3% |
| Other amounts payable47/48 | €355,619 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €33,916 | €33,650 | €41,527 | ▲ 23.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,743 | -€5,546 | €30,086 | €26,351 | ▼ 12.4% |
| + Depreciation and write-downs630 | €48,238 | €9,021 | €11,639 | €11,773 | ▲ 1.1% |
| Operating cash flow (approximation) | €22,496 | €3,475 | €41,726 | €38,123 | ▼ 8.6% |
| Investment in fixed assets (approximation) | - | -€42,745 | -€13,045 | -€705 | ▲ 94.6% |
| Change in cash | - | €10,384 | €36,038 | €30,277 | ▼ 16.0% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Back to profitnet €30,086
Net result €30,086 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.75
Current ratio from 1.69 to 3.75; short-term debt falls from €18,943 to €18,511.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Liquidity times 40current ratio 1.69
Current ratio from 0.04 to 1.69; short-term debt falls from €360,394 to €18,943.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
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, Watermaal-Bosvoorde · 1 establishment unit since 2021
Ground area
5,747 m²
Building footprint
1,590 m²
Volume, LiDAR
23,919 m³
2 parcels, Brussels, Wallonia · tallest building 36.3 m, ±3 floors. Linked by address, not a title deed.
288
companies at this address
See who is registered here
1 establishment unit
LEOCEL
since 20212.325.332.993
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0039/00H003 | Brussels | 5,127 m² | 1 · 1,510 m² | 36.3 m · 1 fl. |
| 92302E0380/00M000 | Wallonia | 619 m² | 1 · 79 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 5,139 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
Founded16-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62200Computer consultancy and computer facilities management
85592Vocational training
90111Literary creation
Contact
E-mail
leocel.srl@outlook.com
Phone
+32476545730
E-mail
david.leclecq@outlook.comNamur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778740150
Registered
06-01-2022
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.