LEORAPH
ActiveSummary
LEORAPH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229,624 and a net result of €4,729. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 92% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 12.09 against 14.27 in 2024; short-term debt: 7.5% and cash: 15.8% of total assets), and 7.5% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
92.5%
Return on assets
1.9%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
on the day
2022
1 d late
2021
on the day
2020
2 d late
2018
51 d late
← 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 7 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€152,543
EBIT margin
10.8%
Net result
€4,729▲ 12.5%
2024 · €4,202
Working capital
€205,222▼ 7.3%
2024 · €221,429
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Turnover€152,543
Operating result€71,212▼ 7.6%€16,428▼ 76.9%€11,171▼ 32.0%€8,394▼ 24.9%€8,685▲ 3.5%
Net result€50,029above the sector's middle half▼ 4.8%€10,307within the sector's middle half▼ 79.4%€5,717within the sector's middle half▼ 44.5%€4,202within the sector's middle half▼ 26.5%€4,729within the sector's middle half▲ 12.5%
EBIT margin10.8%
Equity€204,670above the sector's middle half▲ 32.4%€214,977above the sector's middle half▲ 5.0%€220,694above the sector's middle half▲ 2.7%€224,896above the sector's middle half▲ 1.9%€229,624above the sector's middle half▲ 2.1%
Total assets€239,278within the sector's middle half▲ 22.7%€229,135within the sector's middle half▼ 4.2%€243,889within the sector's middle half▲ 6.4%€241,586within the sector's middle half▼ 0.9%€248,134within the sector's middle half▲ 2.7%
Debt€34,608▼ 14.3%€14,158▼ 59.1%€23,195▲ 63.8%€16,690▼ 28.0%€18,509▲ 10.9%
Working capital€204,589▲ 36.0%€213,313▲ 4.3%€216,019▲ 1.3%€221,429▲ 2.5%€205,222▼ 7.3%
Solvency85.5%above the sector's middle half▲ 6.3pp93.8%above the sector's middle half▲ 8.3pp90.5%above the sector's middle half▼ 3.3pp93.1%above the sector's middle half▲ 2.6pp92.5%above the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248,134
Fixed assets
€24,403 ▲ 604%
Current assets
€223,731 ▼ 6.0%
Equity and liabilities €248,134
Equity
€229,624 ▲ 2.1%
Debt
€18,509 ▲ 10.9%
Debt's share of the balance-sheet total rises from 6.9% to 7.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,112▲
2024 · €9,602
Cash flow
€9,155▲
2024 · €5,410
Current ratio
12.09▼
2024 · 14.27
Debt to equity
0.08▲
2024 · 0.07
ROE
2.1%▲
2024 · 1.9%
ROA
1.9%▲
2024 · 1.7%
Interest coverage
25.69▲
2024 · 16.39
Debt ≤ 1 year
€18,509▲
2024 · €16,690
Income taxes
€3,449▼
2024 · €3,606
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 5,047 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €152,543 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €143,156 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,178 | €302 | €688 | €1,208 | €4,427 | ▲ 266% |
| Other operating charges640/8 | - | €435 | €911 | €49 | €234 | ▲ 378% |
| Gross operating margin9900 | €75,960 | €17,165 | €12,770 | €9,651 | €13,346 | ▲ 38.3% |
| Operating profit (loss)9901 | €71,212 | €16,428 | €11,171 | €8,394 | €8,685 | ▲ 3.5% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | - | €3 | - |
| Financial charges65/66B | - | €724 | €654 | €586 | €510 | ▼ 12.9% |
| Recurring financial charges65 | €481 | €724 | €654 | €586 | €510 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €70,731 | €15,704 | €10,517 | €7,808 | €8,177 | ▲ 4.7% |
| Income taxes67/77 | €20,702 | €5,397 | €4,800 | €3,606 | €3,449 | ▼ 4.4% |
| Profit (loss) for the period9904 | €50,029 | €10,307 | €5,717 | €4,202 | €4,729 | ▲ 12.5% |
| Profit (loss) for the period to be appropriated9905 | €50,029 | €10,307 | €5,717 | €4,202 | €4,729 | ▲ 12.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €239,278 | €229,135 | €243,889 | €241,586 | €248,134 | ▲ 2.7% |
| Fixed assets21/28 | €81 | €1,664 | €4,675 | €3,467 | €24,403 | ▲ 604% |
| Tangible fixed assets22/27 | - | €1,583 | €4,594 | €3,386 | €24,322 | ▲ 618% |
| Plant, machinery and equipment23 | - | €1,106 | €1,423 | €1,067 | €712 | ▼ 33.3% |
| Furniture and vehicles24 | - | €477 | €249 | €21 | €10,467 | ▲ 49,742% |
| Other tangible fixed assets26 | - | - | €2,922 | €2,298 | €13,143 | ▲ 472% |
| Financial fixed assets28 | €81 | €81 | €81 | €81 | €81 | ▼ 0.3% |
| Current assets29/58 | €239,197 | €227,471 | €239,214 | €238,119 | €223,731 | ▼ 6.0% |
| Amounts receivable after more than one year29 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Other amounts receivable291 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Amounts receivable within one year40/41 | €164,323 | €168,353 | €143,625 | €144,019 | €130,051 | ▼ 9.7% |
| Trade receivables40 | - | €88,750 | €73,625 | €73,625 | €58,500 | ▼ 20.5% |
| Other amounts receivable41 | - | €79,603 | €70,000 | €70,394 | €71,551 | ▲ 1.6% |
| Cash at bank and in hand54/58 | €7,883 | €7,077 | €43,312 | €41,675 | €39,116 | ▼ 6.1% |
| Deferred charges and accrued income490/1 | - | €2,041 | €2,277 | €2,425 | €4,564 | ▲ 88.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €239,278 | €229,135 | €243,889 | €241,586 | €248,134 | ▲ 2.7% |
| Equity10/15 | €204,670 | €214,977 | €220,694 | €224,896 | €229,624 | ▲ 2.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €187,860 | €197,860 | €203,560 | €207,710 | €212,210 | ▲ 2.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €196,000 | €201,700 | €205,850 | €210,350 | ▲ 2.2% |
| Profit (loss) carried forward14 | €4,410 | €4,717 | €4,734 | €4,786 | €5,014 | ▲ 4.8% |
| Amounts payable17/49 | €34,608 | €14,158 | €23,195 | €16,690 | €18,509 | ▲ 10.9% |
| Amounts payable within one year42/48 | €34,608 | €14,158 | €23,195 | €16,690 | €18,509 | ▲ 10.9% |
| Trade debts44 | €72 | €674 | €2,109 | €1,428 | €723 | ▼ 49.4% |
| Suppliers440/4 | - | €674 | €2,109 | €1,428 | €723 | ▼ 49.4% |
| Taxes, remuneration and social security45 | - | €6,743 | €15,045 | €11,246 | €13,125 | ▲ 16.7% |
| Taxes450/3 | - | €6,743 | €11,306 | €7,474 | €9,625 | ▲ 28.8% |
| Remuneration and social security454/9 | - | - | €3,739 | €3,772 | €3,500 | ▼ 7.2% |
| Other amounts payable47/48 | - | €6,741 | €6,041 | €4,016 | €4,662 | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,029 | €10,307 | €5,717 | €4,202 | €4,729 | ▲ 12.5% |
| + Depreciation and write-downs630 | €4,178 | €302 | €688 | €1,208 | €4,427 | ▲ 266% |
| Operating cash flow (approximation) | €54,207 | €10,609 | €6,405 | €5,410 | €9,155 | ▲ 69.2% |
| Investment in fixed assets (approximation) | - | -€1,885 | -€3,699 | €0 | -€25,362 | - |
| Change in cash | - | -€806 | €36,235 | -€1,637 | -€2,559 | ▼ 56.3% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €4,202 ▼26.5%
Net result drops to €4,202, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-06
Financial
Liquidity doublescurrent ratio 16.07
Current ratio from 6.91 to 16.07; short-term debt falls from €34,608 to €14,158.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200,000Eq €204,670 ▲32.4%
3 profitable years in a row build equity to €204,670.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-06
Financial
Liquidity quadruplescurrent ratio 4.72
Current ratio from 1.29 to 4.72; short-term debt falls from €114,589 to €40,406.
30-06
Financial
Equity above €150,000Eq €154,641 ▲50.3%
2 profitable years in a row build equity to €154,641.
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 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, Sint-Agatha-Berchem · 1 establishment unit since 2018
Ground area
260 m²
Building footprint
68 m²
Volume, LiDAR
823 m³
Parcel 21342B0117/00H011, Brussels · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Basilieklaan 52, 1082 Sint-Agatha-Berchem
since 20182.274.857.163
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0117/00H011 | Brussels | 260 m² | 1 · 68 m² | 14.8 m · 4 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.
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TELEMAQUE
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VAN GORP-MERTENS
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 6,806 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 (pre-2019)
Founded28-03-2018
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0693680652
Also
9925:BE0693680652
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.