Leonart
ActiveSummary
Leonart has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €279,533 and a net result of €31,890. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+1
Solvency91▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 3.8 against 4.58 in 2024; short-term debt: 25% and cash: 12.8% of total assets), and 33.9% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
66.1%
Return on assets
7.5%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
23 d early
2023
30 d late
2022
34 d early
2021
79 d late
2020
81 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 31 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€279,533▲ 12.9%
2024 · €247,643
Total assets
€422,941▲ 17.6%
2024 · €359,610
Net result
€31,890▲ 33.7%
2024 · €23,853
Working capital
€296,301▲ 14.2%
2024 · €259,465
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,373▲ 17.6%€77,933▲ 54.7%€71,185▼ 8.7%€40,292▼ 43.4%€48,550▲ 20.5%
Net result€36,154within the sector's middle half▲ 28.2%€54,522within the sector's middle half▲ 50.8%€48,517above the sector's middle half▼ 11.0%€23,853above the sector's middle half▼ 50.8%€31,890above the sector's middle half▲ 33.7%
Equity€128,752within the sector's middle half▲ 39.0%€183,274within the sector's middle half▲ 42.3%€223,791above the sector's middle half▲ 22.1%€247,643above the sector's middle half▲ 10.7%€279,533above the sector's middle half▲ 12.9%
Total assets€252,413below the sector's middle half▲ 40.9%€346,097below the sector's middle half▲ 37.1%€376,536above the sector's middle half▲ 8.8%€359,610above the sector's middle half▼ 4.5%€422,941above the sector's middle half▲ 17.6%
Debt€123,662▲ 42.9%€162,824▲ 31.7%€152,745▼ 6.2%€111,967▼ 26.7%€143,408▲ 28.1%
Working capital€173,484within the sector's middle half▲ 47.5%€200,759within the sector's middle half▲ 15.7%€239,493above the sector's middle half▲ 19.3%€259,465above the sector's middle half▲ 8.3%€296,301above the sector's middle half▲ 14.2%
Solvency51.0%within the sector's middle half▼ 0.7pp53.0%within the sector's middle half▲ 1.9pp59.4%within the sector's middle half▲ 6.5pp68.9%above the sector's middle half▲ 9.4pp66.1%above the sector's middle half▼ 2.8pp
Current ratio3.92above the sector's middle half▲ 0.682.84above the sector's middle half▼ 1.083.21above the sector's middle half▲ 0.384.58above the sector's middle half▲ 1.373.80above the sector's middle half▼ 0.78
Return on assets (ROA)14.3%above the sector's middle half▼ 1.4pp15.8%above the sector's middle half▲ 1.4pp12.9%above the sector's middle half▼ 2.9pp6.6%within the sector's middle half▼ 6.3pp7.5%within the sector's middle half▲ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422,941
Fixed assets
€20,732 ▼ 25.1%
Current assets
€402,209 ▲ 21.2%
Equity and liabilities €422,941
Equity
€279,533 ▲ 12.9%
Debt
€143,408 ▲ 28.1%
Debt's share of the balance-sheet total rises from 31.1% to 33.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61,224▲
2024 · €54,280
Cash flow
€44,564▲
2024 · €37,840
Quick ratio
0.53▲
2024 · 0.50
Debt to equity
0.51▲
2024 · 0.45
ROE
11.4%▲
2024 · 9.6%
Interest coverage
31.12▼
2024 · 31.60
Debt ≤ 1 year
€105,908▲
2024 · €72,467
Debt > 1 year
€37,500▼
2024 · €39,500
Income taxes
€15,239▼
2024 · €15,853
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,847 | €10,865 | €13,333 | €13,988 | €12,674 | ▼ 9.4% |
| Other operating charges640/8 | €621 | €224 | €1,620 | €1,939 | €3,040 | ▲ 56.8% |
| Gross operating margin9900 | €56,841 | €89,023 | €86,138 | €56,219 | €64,264 | ▲ 14.3% |
| Operating profit (loss)9901 | €50,373 | €77,933 | €71,185 | €40,292 | €48,550 | ▲ 20.5% |
| Financial income75/76B | €1,904 | €1,577 | €1,198 | €1,132 | €547 | ▼ 51.7% |
| Recurring financial income75 | €1,904 | €1,577 | €1,198 | €1,132 | €547 | ▼ 51.7% |
| Financial charges65/66B | €473 | €615 | €1,666 | €1,718 | €1,967 | ▲ 14.5% |
| Recurring financial charges65 | €473 | €615 | €1,666 | €1,718 | €1,967 | ▲ 14.5% |
| Profit (loss) for the period before taxes9903 | €51,805 | €78,896 | €70,717 | €39,706 | €47,129 | ▲ 18.7% |
| Income taxes67/77 | €15,651 | €24,374 | €22,200 | €15,853 | €15,239 | ▼ 3.9% |
| Profit (loss) for the period9904 | €36,154 | €54,522 | €48,517 | €23,853 | €31,890 | ▲ 33.7% |
| Profit (loss) for the period to be appropriated9905 | €36,154 | €54,522 | €48,517 | €23,853 | €31,890 | ▲ 33.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252,413 | €346,097 | €376,536 | €359,610 | €422,941 | ▲ 17.6% |
| Fixed assets21/28 | €19,515 | €36,014 | €28,798 | €27,678 | €20,732 | ▼ 25.1% |
| Tangible fixed assets22/27 | €19,515 | €36,014 | €28,798 | €27,678 | €20,732 | ▼ 25.1% |
| Plant, machinery and equipment23 | €18,329 | €12,021 | €8,709 | €3,648 | €706 | ▼ 80.7% |
| Furniture and vehicles24 | €1,186 | €23,993 | €20,089 | €12,646 | €6,171 | ▼ 51.2% |
| Other tangible fixed assets26 | - | - | - | €11,384 | €13,856 | ▲ 21.7% |
| Current assets29/58 | €232,898 | €310,083 | €347,738 | €331,932 | €402,209 | ▲ 21.2% |
| Stocks and contracts in progress3 | €164,442 | €246,972 | €284,983 | €295,483 | €345,812 | ▲ 17.0% |
| Stocks30/36 | €164,442 | €246,972 | €284,983 | €295,483 | €345,812 | ▲ 17.0% |
| Amounts receivable within one year40/41 | €4,245 | €8,104 | €2,263 | €455 | €240 | ▼ 47.1% |
| Trade receivables40 | €1,491 | - | €1,749 | €349 | €0 | ▼ 100% |
| Other amounts receivable41 | €2,754 | €8,104 | €514 | €106 | €240 | ▲ 127% |
| Cash at bank and in hand54/58 | €64,210 | €52,795 | €58,590 | €32,101 | €54,005 | ▲ 68.2% |
| Deferred charges and accrued income490/1 | - | €2,212 | €1,902 | €3,893 | €2,151 | ▼ 44.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252,413 | €346,097 | €376,536 | €359,610 | €422,941 | ▲ 17.6% |
| Equity10/15 | €128,752 | €183,274 | €223,791 | €247,643 | €279,533 | ▲ 12.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €127,752 | €182,274 | €222,791 | €246,643 | €278,533 | ▲ 12.9% |
| Non-distributable reserves130/1 | €100 | €100 | €100 | €100 | €100 | = |
| Reserves not available under the articles1311 | €100 | €100 | €100 | €100 | €100 | = |
| Tax-exempt reserves132 | €16,000 | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Distributable reserves133 | €111,652 | €166,174 | €206,691 | €230,543 | €262,433 | ▲ 13.8% |
| Amounts payable17/49 | €123,662 | €162,824 | €152,745 | €111,967 | €143,408 | ▲ 28.1% |
| Amounts payable after more than one year17 | €64,248 | €53,500 | €44,500 | €39,500 | €37,500 | ▼ 5.1% |
| Other amounts payable178/9 | €64,248 | €53,500 | €44,500 | €39,500 | €37,500 | ▼ 5.1% |
| Amounts payable within one year42/48 | €59,414 | €109,324 | €108,245 | €72,467 | €105,908 | ▲ 46.1% |
| Current portion of amounts payable after more than one year42 | €2,080 | €2,080 | €1,830 | - | €5,061 | - |
| Financial debts43 | - | - | - | €49 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €49 | €0 | ▼ 100% |
| Trade debts44 | €16,236 | €54,587 | €42,691 | €43,893 | €44,536 | ▲ 1.5% |
| Suppliers440/4 | €16,236 | €54,587 | €42,691 | €43,893 | €44,536 | ▲ 1.5% |
| Advances received on contracts in progress46 | - | - | - | €0 | €29,943 | - |
| Taxes, remuneration and social security45 | €33,965 | €46,166 | €49,752 | €14,655 | €16,582 | ▲ 13.1% |
| Taxes450/3 | €33,965 | €46,166 | €49,752 | €14,655 | €16,582 | ▲ 13.1% |
| Other amounts payable47/48 | €7,133 | €6,491 | €13,972 | €13,870 | €9,786 | ▼ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,154 | €54,522 | €48,517 | €23,853 | €31,890 | ▲ 33.7% |
| + Depreciation and write-downs630 | €5,847 | €10,865 | €13,333 | €13,988 | €12,674 | ▼ 9.4% |
| Operating cash flow (approximation) | €42,001 | €65,388 | €61,850 | €37,840 | €44,564 | ▲ 17.8% |
| Investment in fixed assets (approximation) | - | -€27,364 | -€6,116 | -€12,868 | -€5,728 | ▲ 55.5% |
| Change in cash | - | -€11,415 | €5,795 | -€26,489 | €21,904 | ▲ 183% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €23,853 ▼50.8%
Net result drops to €23,853, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200,000Eq €223,791 ▲22.1%
4 profitable years in a row build equity to €223,791.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2020net €54,522 ▲50.8%
Operating result €77,933, net result €54,522, both a record.
31-12
Financial
Equity above €150,000Eq €183,274 ▲42.3%
3 profitable years in a row build equity to €183,274.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 79 days late
2021
31-12
Financial
Equity above €100,000Eq €128,752 ▲39%
2 profitable years in a row build equity to €128,752.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 81 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, Brecht · 2 establishment units since 2014
Ground area
955 m²
Building footprint
350 m²
Volume, LiDAR
1,789 m³
2 parcels, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Schenkels
since 20142.232.492.513
Schenkels
since 20142.234.056.785
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042B0233/00X004 | Flanders | 782 m² | 1 · 178 m² | 9.0 m · 2 fl. |
| 11442C0165/00E002 | Flanders | 173 m² | 1 · 173 m² | 11.8 m · 2 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 2,017 companies in sector 47770 we hold annual accounts for 899. 675 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
Founded16-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
32130Manufacture of imitation jewellery and related articles
46480Wholesale trade
47690Retail sale of other cultural and recreation goods
82990Other business support services
95250Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0554743988
Also
9925:BE0554743988
Registered
02-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.