LEOTHO
ActiveSummary
LEOTHO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €639k and a net result of €362k. Equity is growing by ~36.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+5
Solvency72▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 1.12 in 2023; short-term debt: 16.9% and cash: 1.1% of total assets), but 53.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
46.7%
Return on assets
26.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
30 d early
2022
47 d early
2021
52 d early
2020
25 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€639k▲ 131%
2023 · €276k
2019: €57klowest in 6 years
2020: €162k▲ +185% vs 2019
2021: €370k▲ +129% vs 2020
2022: €559k▲ +51.2% vs 2021
2023: €276k▼ -50.5% vs 2022
2024: €639k▲ +131% vs 2023highest in 6 years
2019 → 2024
Total assets
€1.37M▲ 30.2%
2023 · €1.05M
2019: €74klowest in 6 years
2020: €221k▲ +200% vs 2019
2021: €423k▲ +91.5% vs 2020
2022: €1.00M▲ +137% vs 2021
2023: €1.05M▲ +4.9% vs 2022
2024: €1.37M▲ +30.2% vs 2023highest in 6 years
2019 → 2024
Net result
€362k▲ 66.6%
2023 · €218k
2019: €44klowest in 6 years
2020: €105k▲ +137% vs 2019
2021: €208k▲ +98.5% vs 2020
2022: €283k▲ +36.0% vs 2021
2023: €218k▼ -23.1% vs 2022
2024: €362k▲ +66.6% vs 2023highest in 6 years
2019 → 2024
Working capital
€282k▲ 396%
2023 · €57k
2019: €52klowest in 6 years
2020: €135k▲ +159% vs 2019
2021: €290k▲ +115% vs 2020
2022: €363k▲ +25.2% vs 2021highest in 6 years
2023: €57k▼ -84.3% vs 2022
2024: €282k▲ +396% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€162k-€370k▲ 129%€559k▲ 51.2%€276k▼ 50.5%€639k▲ 131%
2020: €162klowest in 5 years
2021: €370k▲ +129% vs 2020
2022: €559k▲ +51.2% vs 2021
2023: €276k▼ -50.5% vs 2022
2024: €639k▲ +131% vs 2023highest in 5 years
Operating result€142k-€271k▲ 91.4%€376k▲ 38.6%€301k▼ 19.9%€492k▲ 63.2%
2020: €142klowest in 5 years
2021: €271k▲ +91.4% vs 2020
2022: €376k▲ +38.6% vs 2021
2023: €301k▼ -19.9% vs 2022
2024: €492k▲ +63.2% vs 2023highest in 5 years
Net result€105k-€208k▲ 98.5%€283k▲ 36.0%€218k▼ 23.1%€362k▲ 66.6%
2020: €105klowest in 5 years
2021: €208k▲ +98.5% vs 2020
2022: €283k▲ +36.0% vs 2021
2023: €218k▼ -23.1% vs 2022
2024: €362k▲ +66.6% vs 2023highest in 5 years
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 2024; 2024 is 63% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.37M
Fixed assets
€854k ▲ 59.0%
Current assets
€514k ▲ 0.1%
Equity and liabilities €1.37M
Equity
€639k ▲ 131%
Debt
€729k ▼ 5.8%
Debt's share of the balance-sheet total falls from 73.7% to 53.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€551k▲
2023 · €322k
Cash flow
€422k▲
2023 · €238k
Current ratio
2.22▲
2023 · 1.12
Quick ratio
2.10▲
2023 · 1.07
Debt to equity
1.14▼
2023 · 2.80
ROE
56.7%▼
2023 · 78.7%
ROA
26.5%▲
2023 · 20.7%
Interest coverage
33.38▲
2023 · 20.74
Debt ≤ 1 year
€232k▼
2023 · €456k
Debt > 1 year
€490k▲
2023 · €314k
Income taxes
€115k▲
2023 · €70k
Staff costs
€16
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 60 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.05M€1.37M▲
Fixed assets21/28€537k€854k▲
Tangible fixed assets22/27€537k€821k▲
Land and buildings22€457k€744k▲
Furniture and vehicles24€55k€55k▲
Other tangible fixed assets26€25k€22k▼
Financial fixed assets28€200€34k▲
Current assets29/58€513k€514k▲
Stocks and contracts in progress3€27k€27k=
Stocks30/36€27k€27k=
Amounts receivable within one year40/41€322k€357k▲
Trade receivables40€322k€344k▲
Other amounts receivable41€0€13k▲
Current investments50/53€39k€107k▲
Cash at bank and in hand54/58€124k€15k▼
Deferred charges and accrued income490/1€1k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.37M▲
Equity10/15€276k€639k▲
Contributions10/11€19k€19k=
Reserves13€258k€620k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€168k€295k▲
Distributable reserves133€88k€324k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€774k€729k▼
Amounts payable after more than one year17€314k€490k▲
Financial debts170/4€314k€490k▲
Amounts payable within one year42/48€456k€232k▼
Current portion of amounts payable after more than one year42€17k€40k▲
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€65k€78k▲
Taxes450/3€61k€65k▲
Remuneration and social security454/9€4k€12k▲
Other amounts payable47/48€366k€96k▼
Accrued charges and deferred income492/3€4k€7k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€16
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€60k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€324k€557k▲
Operating profit (loss)9901€301k€492k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€16k€17k▲
Recurring financial charges65€16k€17k▲
Profit (loss) for the period before taxes9903€287k€477k▲
Income taxes67/77€70k€115k▲
Profit (loss) for the period9904€218k€362k▲
Transfer from tax-exempt reserves789-€84k
Transfer to tax-exempt reserves689€0€211k▲
Profit (loss) for the period to be appropriated9905€218k€236k▲
Appropriation of the result
Profit (loss) to be appropriated9906€218k€236k▲
Transfer from equity791/2€282k€0▼
Transfer to equity691/2€0€236k▲
To other reserves6921€0€236k▲
Profit to be distributed694/7€500k€0▼
Return on contributions (dividend)694€500k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €16 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €67k | €20k | €60k | ▲ 195% |
| Other operating charges640/8 | - | €844 | €3k | €2k | €5k | ▲ 132% |
| Gross operating margin9900 | €147k | €280k | €446k | €324k | €557k | ▲ 71.9% |
| Operating profit (loss)9901 | €142k | €271k | €376k | €301k | €492k | ▲ 63.2% |
| Financial income75/76B | - | €4k | €2k | €2k | €2k | ▲ 29.5% |
| Recurring financial income75 | €34 | €4k | €2k | €2k | €2k | ▲ 29.5% |
| Financial charges65/66B | - | €2k | €6k | €16k | €17k | ▲ 6.5% |
| Recurring financial charges65 | €4k | €2k | €6k | €16k | €17k | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €137k | €273k | €372k | €287k | €477k | ▲ 66.0% |
| Income taxes67/77 | €33k | €65k | €89k | €70k | €115k | ▲ 64.2% |
| Profit (loss) for the period9904 | €105k | €208k | €283k | €218k | €362k | ▲ 66.6% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €84k | - |
| Transfer to tax-exempt reserves689 | - | €84k | €84k | €0 | €211k | - |
| Profit (loss) for the period to be appropriated9905 | €105k | €124k | €199k | €218k | €236k | ▲ 8.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221k | €423k | €1.00M | €1.05M | €1.37M | ▲ 30.2% |
| Fixed assets21/28 | €27k | €79k | €526k | €537k | €854k | ▲ 59.0% |
| Tangible fixed assets22/27 | €27k | €79k | €525k | €537k | €821k | ▲ 52.8% |
| Land and buildings22 | - | - | €453k | €457k | €744k | ▲ 62.8% |
| Furniture and vehicles24 | - | €47k | €44k | €55k | €55k | ▲ 0.1% |
| Other tangible fixed assets26 | - | €32k | €29k | €25k | €22k | ▼ 13.6% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €34k | ▲ 16,667% |
| Current assets29/58 | €194k | €343k | €476k | €513k | €514k | ▲ 0.1% |
| Stocks and contracts in progress3 | €11k | €9k | €27k | €27k | €27k | = |
| Stocks30/36 | - | €9k | €27k | €27k | €27k | = |
| Amounts receivable within one year40/41 | €44k | €62k | €385k | €322k | €357k | ▲ 10.8% |
| Trade receivables40 | - | €0 | €373k | €322k | €344k | ▲ 6.7% |
| Other amounts receivable41 | - | €62k | €11k | €0 | €13k | - |
| Current investments50/53 | €48k | €15k | €37k | €39k | €107k | ▲ 173% |
| Cash at bank and in hand54/58 | €91k | €257k | €27k | €124k | €15k | ▼ 88.3% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €1k | €9k | ▲ 518% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221k | €423k | €1.00M | €1.05M | €1.37M | ▲ 30.2% |
| Equity10/15 | €162k | €370k | €559k | €276k | €639k | ▲ 131% |
| Contributions10/11 | - | €12k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €357k | €540k | €258k | €620k | ▲ 141% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €84k | €168k | €168k | €295k | ▲ 75.0% |
| Distributable reserves133 | - | €271k | €370k | €88k | €324k | ▲ 270% |
| Profit (loss) carried forward14 | €147k | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €59k | €53k | €443k | €774k | €729k | ▼ 5.8% |
| Amounts payable after more than one year17 | - | - | €330k | €314k | €490k | ▲ 56.4% |
| Financial debts170/4 | - | - | €330k | €314k | €490k | ▲ 56.4% |
| Amounts payable within one year42/48 | €59k | €53k | €113k | €456k | €232k | ▼ 49.2% |
| Current portion of amounts payable after more than one year42 | - | - | €17k | €17k | €40k | ▲ 141% |
| Financial debts43 | - | - | - | - | €10k | - |
| Credit institutions430/8 | - | - | - | - | €10k | - |
| Trade debts44 | €5k | €4k | €21k | €9k | €8k | ▼ 11.7% |
| Suppliers440/4 | - | €4k | €21k | €9k | €8k | ▼ 11.7% |
| Taxes, remuneration and social security45 | - | €30k | €55k | €65k | €78k | ▲ 19.8% |
| Taxes450/3 | - | €30k | €55k | €61k | €65k | ▲ 7.5% |
| Remuneration and social security454/9 | - | - | - | €4k | €12k | ▲ 200% |
| Other amounts payable47/48 | - | €20k | €20k | €366k | €96k | ▼ 73.8% |
| Accrued charges and deferred income492/3 | - | - | - | €4k | €7k | ▲ 61.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105k | €208k | €283k | €218k | €362k | ▲ 66.6% |
| + Depreciation and write-downs630 | €5k | €8k | €67k | €20k | €60k | ▲ 195% |
| Operating cash flow (approximation) | €110k | €216k | €350k | €238k | €422k | ▲ 77.5% |
| Investment in fixed assets (approximation) | - | €-60k | €-514k | €-32k | €-377k | ▼ 1,074% |
| Change in cash | - | €165k | €-230k | €97k | €-109k | ▼ 212% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €362k ▲66.6%
Operating result €492k, net result €362k, both a record.
31-12
Financial
Equity above €500kEq €639k ▲131%
6 profitable years in a row build equity to €639k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €559k ▲51.2%
4 profitable years in a row build equity to €559k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €370k ▲129%
3 profitable years in a row build equity to €370k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €162k ▲185%
2 profitable years in a row build equity to €162k.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kapelle-op-den-Bos · 1 establishment unit since 2018
Ground area
4,853 m²
Building footprint
150 m²
Parcel 23056B0243/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Leotho
since 20182.285.527.262
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23056B0243/00L000 | Flanders | 4,853 m² | 1 · 149 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
875500936VX1JQUOER82
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 32,480 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
Founded21-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.