LEONARDO
ActiveSummary
LEONARDO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €569k and a net result of €-33. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▼-10
Solvency44▼-1
Growth65▼-19
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.74 against 2.97 in 2023; short-term debt: 20.5% of total assets), but 80.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.3%
Return on assets
0%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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
not confirmed
2024
74 d late
2023
31 d late
2022
92 d late
2021
32 d late
2020
58 d late
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€6.56M▲ 7.4%
2023 · €6.10M
EBIT margin
0.6%▼ 1.0pp
2023 · 1.7%
Net result
€-33
2023 · €101k
Working capital
€1.05M▲ 4.5%
2023 · €1.00M
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
Line20202021202220232024
Turnover€3.84M▲ 25.8%€4.68M▲ 21.7%€4.61M▼ 1.5%€6.10M▲ 32.5%€6.56M▲ 7.4%
Operating result€287k▲ 58.7%€269k▼ 6.5%€59k▼ 77.9%€102k▲ 71.8%€42k▼ 59.2%
Net result€186k▲ 56.8%€134k▼ 28.1%€-55k€101k€-33
EBIT margin7.5%▲ 1.6pp5.7%▼ 1.7pp1.3%▼ 4.5pp1.7%▲ 0.4pp0.6%▼ 1.0pp
Equity€425k▲ 77.8%€524k▲ 23.2%€469k▼ 10.5%€570k▲ 21.6%€569k▼ 0.1%
Total assets€2.83M▲ 14.0%€2.92M▲ 3.4%€2.75M▼ 5.8%€2.87M▲ 4.3%€2.95M▲ 2.7%
Debt€2.40M▲ 7.1%€2.40M▼ 0.2%€2.28M▼ 4.8%€2.30M▲ 0.7%€2.38M▲ 3.4%
Working capital€869k▲ 70.7%€947k▲ 9.0%€779k▼ 17.8%€1.00M▲ 28.5%€1.05M▲ 4.5%
Staff (FTE)381,513▲ 3,500,019%20▼ 100.0%634,614▲ 3,172,970%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 59% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.95M
Fixed assets
€1.30M ▼ 4.6%
Current assets
€1.65M ▲ 9.3%
Equity and liabilities €2.95M
Equity
€569k ▼ 0.1%
Debt
€2.38M ▲ 3.4%
Debt's share of the balance-sheet total rises from 80.2% to 80.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€196k▼
2023 · €249k
Cash flow
€154k▼
2023 · €248k
Current ratio
2.74▼
2023 · 2.97
Quick ratio
0.54▼
2023 · 0.82
Debt to equity
4.18▲
2023 · 4.04
ROE
0.0%▼
2023 · 17.7%
ROA
0.0%▼
2023 · 3.5%
Interest coverage
3.97▼
2023 · 4.92
Debt ≤ 1 year
€603k▲
2023 · €508k
Debt > 1 year
€1.78M▼
2023 · €1.79M
Staff costs
€678k▲
2023 · €637k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3.84M | €4.68M | €4.61M | €6.10M | €6.56M | ▲ 7.4% |
| Non-recurring operating income76A | - | €1k | €1k | €597 | €285 | ▼ 52.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €3.70M | €3.64M | €5.16M | €5.56M | ▲ 7.9% |
| Remuneration, social security and pensions62 | - | €517k | €635k | €637k | €678k | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158k | €165k | €173k | €147k | €154k | ▲ 5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9k | - | - | - | - |
| Other operating charges640/8 | - | €96k | €88k | €94k | €117k | ▲ 24.7% |
| Non-recurring operating charges66A | - | €3k | €9k | €235 | €945 | ▲ 302% |
| Gross operating margin9900 | €907k | €1.06M | €963k | €980k | €991k | ▲ 1.2% |
| Operating profit (loss)9901 | €287k | €269k | €59k | €102k | €42k | ▼ 59.2% |
| Financial income75/76B | - | €7k | €358 | €5k | €8k | ▲ 42.4% |
| Recurring financial income75 | €13k | €7k | €358 | €5k | €8k | ▲ 42.4% |
| Financial charges65/66B | - | €50k | €55k | €51k | €49k | ▼ 2.5% |
| Recurring financial charges65 | €51k | €50k | €55k | €51k | €49k | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | €245k | €225k | €5k | €57k | €-33 | ▼ 100% |
| Income taxes67/77 | €59k | €92k | €60k | €-44k | - | - |
| Profit (loss) for the period9904 | €186k | €134k | €-55k | €101k | €-33 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €186k | €134k | €-55k | €101k | €-33 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.83M | €2.92M | €2.75M | €2.87M | €2.95M | ▲ 2.7% |
| Fixed assets21/28 | €1.61M | €1.54M | €1.48M | €1.36M | €1.30M | ▼ 4.6% |
| Tangible fixed assets22/27 | €1.61M | €1.54M | €1.38M | €1.26M | €1.19M | ▼ 5.0% |
| Land and buildings22 | - | €1.30M | €1.20M | €1.12M | €1.03M | ▼ 7.7% |
| Plant, machinery and equipment23 | - | €127k | €100k | €79k | €59k | ▼ 25.3% |
| Furniture and vehicles24 | - | €109k | €72k | €60k | €103k | ▲ 71.2% |
| Financial fixed assets28 | €4k | €5k | €105k | €106k | €106k | = |
| Current assets29/58 | €1.21M | €1.38M | €1.27M | €1.51M | €1.65M | ▲ 9.3% |
| Stocks and contracts in progress3 | €412k | €760k | €917k | €1.09M | €1.32M | ▲ 20.9% |
| Stocks30/36 | - | €760k | €917k | €1.09M | €1.32M | ▲ 20.9% |
| Amounts receivable within one year40/41 | €56k | €52k | €90k | €102k | €112k | ▲ 10.3% |
| Trade receivables40 | - | €38k | €26k | €42k | €89k | ▲ 110% |
| Other amounts receivable41 | - | €14k | €64k | €59k | €23k | ▼ 60.6% |
| Cash at bank and in hand54/58 | €411k | €267k | - | €72k | - | - |
| Deferred charges and accrued income490/1 | - | €304k | €263k | €241k | €214k | ▼ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.83M | €2.92M | €2.75M | €2.87M | €2.95M | ▲ 2.7% |
| Equity10/15 | €425k | €524k | €469k | €570k | €569k | ▼ 0.1% |
| Contributions10/11 | €70k | €70k | €70k | €70k | €70k | = |
| Capital10 | - | €70k | €70k | €70k | €70k | = |
| Issued capital100 | - | €70k | €70k | €70k | €70k | = |
| Reserves13 | €179k | €229k | €229k | €229k | €279k | ▲ 21.9% |
| Non-distributable reserves130/1 | - | €4k | €4k | €4k | €4k | = |
| Legal reserve130 | - | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | €225k | €225k | €225k | €275k | ▲ 22.2% |
| Profit (loss) carried forward14 | €177k | €225k | €170k | €271k | €220k | ▼ 18.7% |
| Amounts payable17/49 | €2.40M | €2.40M | €2.28M | €2.30M | €2.38M | ▲ 3.4% |
| Amounts payable after more than one year17 | €2.06M | €1.96M | €1.79M | €1.79M | €1.78M | ▼ 0.9% |
| Financial debts170/4 | - | €1.96M | €1.79M | €1.79M | €1.78M | ▼ 0.9% |
| Amounts payable within one year42/48 | €345k | €435k | €492k | €508k | €603k | ▲ 18.7% |
| Current portion of amounts payable after more than one year42 | - | €240k | €166k | €39k | - | - |
| Financial debts43 | - | - | €107k | €209k | €167k | ▼ 20.0% |
| Credit institutions430/8 | - | - | €107k | €209k | €167k | ▼ 20.0% |
| Trade debts44 | €142k | €147k | €177k | €204k | €298k | ▲ 46.2% |
| Suppliers440/4 | - | €147k | €177k | €204k | €298k | ▲ 46.2% |
| Taxes, remuneration and social security45 | - | €48k | €42k | €56k | €138k | ▲ 147% |
| Taxes450/3 | - | €22k | €22k | €33k | €76k | ▲ 127% |
| Remuneration and social security454/9 | - | €27k | €20k | €22k | €62k | ▲ 175% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €186k | €134k | €-55k | €101k | €-33 | ▼ 100% |
| + Depreciation and write-downs630 | €158k | €165k | €173k | €147k | €154k | ▲ 5.0% |
| Operating cash flow (approximation) | €344k | €299k | €118k | €248k | €154k | ▼ 37.8% |
| Investment in fixed assets (approximation) | - | €-91k | €-115k | €-26k | €-91k | ▼ 248% |
| Change in cash | - | €-144k | - | - | - | - |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 74 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Back to profitnet €101k
Net result €101k after one loss-making year.
31-12
Financial
Equity above €500kEq €570k ▲21.6%
Equity rises from €469k to €570k.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 32 days late
2021
31-12
Financial
Equity above €500kEq €524k ▲23.2%
4 profitable years in a row build equity to €524k.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
2020
31-12
Financial
Highest result since 2018net €186k ▲56.8%
Operating result €287k, net result €186k, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Equity above €200kEq €239k ▲59.3%
2 profitable years in a row build equity to €239k.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 27 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, Chapelle-lez-Herlaimont · 2 establishment units since 1995
Ground area
4,527 m²
Building footprint
2,496 m²
Volume, LiDAR
6,110 m³
2 parcels, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
LEONARDO
since 19952.069.679.201
LEONARDO
since 20232.358.537.281
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56015A0837/00L002 | Wallonia | 2,668 m² | 1 · 1,032 m² | 7.7 m · 2 fl. |
| 52010C0008/00E041 | Wallonia | 1,859 m² | 1 · 1,464 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesChapelle-lez-Herlaimont2.069.679.201
Morlanwelz2.358.537.281
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Of 958 companies in sector 46319 we hold annual accounts for 610. 431 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
Founded28-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.