Debts
€78,007 98% of the balance sheet
Financial debts 29%Suppliers 16%Taxes and wages 23%Other 32%
Of this, €62,179 falls due within a year.
LEOTI
Lifetime
17 annual accounts with figures on one time axispeak €42,969 (2016)
€4,592▼ 68.4%
lowest -€30,963 (2010)
-€9,076▼ €9,096
peak €15,058 (2022)
€1,433▼ 86.4%
€78,007▼ 9.9%
peak 0.3 FTE (2009)
-not published
Board2 names since 2021
2 directorsEric SERMON and 1 other
Documentsfilings and deeds
17-04-202613 days before the deadline
2025micro format
Gross margin from €14,513 to €4,592Loss of €9,0762 directors appointed, 1 resignation 01-12Equity from €10,509 to €1,433Cash from €762 to €3,420
Key points
from the 2025 annual accountsBoard
2 joined
New directors. Latest change 01-12-2025 · 2 in office.
Position in the sector
-€9,076
Lower net result than 81% of companies in retail trade. Sector median €5,048 · 22,907 companies.
Checked score
53
Fair
Financially stronger than 14% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.1%▲ +0.1 percentage points vs 12-2024
02-2025: 1.0%▼ -0.1 percentage points vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.2%▲ +0.2 percentage points vs 03-2025highest value
05-2025: 0.5%▼ -0.7 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.4%▼ -0.1 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.5%▲ +0.1 percentage points vs 12-2025
02-2026: 0.4%▼ -0.1 percentage points vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026lowest value
04-2026: 0.6%▲ +0.2 percentage points vs 03-2026
05-2026: 1.2%▲ +0.6 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.1%▼ -0.1 percentage points vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €9,076 (financial year 2025)
Sector: Retail trade (NACE 47)
lowers risk
Size: total assets €79,440
Founded in 2008
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 20% of them on solvency, 13% on liquidity, 18% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 642 companies had the same profile as LEOTI has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEOTI itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 642 companies, not a prediction for LEOTI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.31 (0.46 in 2024), below 1. Short-term debt is 78.3% and cash 4.3% of total assets. 98.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 22924 sector peers (2025).
NBB · sector comparisonPosition among 22924 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 days early
2024
on the day
2023
6 days early
2022
5 days early
2021
1 day early
2020
29 days late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0895444909
2 directors appointed, 1 resignation
Resignation: Eric SERMON · Appointments: Eric SERMON (director) and Karin LONA (director) · Director discharge: Eric SERMON · General meeting of 25-11-2025 · Gazette deed
Incorporation
published on 13-02-2008 · Gazette deed
First establishment
Boondaalse Steenweg 200, Ixelles
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LEOTI Ixelles | €79,440 | €4,592 | 1.8% | - |
| Artesania Antwerp | €69,403 | €5,390 | 14.7% | - |
| ELECOSY Wevelgem | €72,826 | €5,178 | -71.9% | - |
| MAC & P La Louvière | €80,716 | €7,907 | 5.7% | - |
| CHAMAL Schaerbeek | €49,419 | €4,835 | 78.6% | - |
| ETIENNE ROLAND Fernelmont | €130,543 | €8,655 | 51.2% | - |
| MAISON MERINOS Anderlecht | €80,689 | €15,459 | 78.2% | - |
These companies have the same main activity as LEOTI: retail trade (NACE 47530). They are comparable in size and age: total assets between €49,400 and €131,000, founded between 2000 and 2013.
Official details
Source: KBO- Status
- Active since 04-02-2008Normal situation
- Activity
- Retail tradeNACE 47530and 16 others
- Establishment unit
- 2.169.128.5491050 Ixelles, since 31-01-2008
- Financial year end
- 30 September
- Peppol
- Reachable since 03-01-2026
Annual accounts to 30-09-2025
- ≈ €48,000estimated
- €79,440▼ 18.2%
- Filing
- Filed on 17-04-2026, 13 days before the end of the filing period
Insights on LEOTI
LEOTI files the micro format. That format states no turnover. The gross margin fell from €12,934 in 2009 to €4,592 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LEOTI
- What is the company number of LEOTI?
- The company number of LEOTI is 0895.444.909. The VAT number is the same number with BE in front: BE 0895.444.909.
- Where is LEOTI based?
- The registered office is at Boondaalse Steenweg 200, 1050 Ixelles.Company details
- What does LEOTI do?
- According to the KBO register, the main activity is retail trade (NACE 47530).
- What is the legal form of LEOTI?
- LEOTI is a private limited company (BV).
- When was LEOTI founded?
- LEOTI was founded on 04-02-2008.
- Is LEOTI still active?
- Yes, LEOTI is an active enterprise in the KBO register.
- What is the turnover of LEOTI?
- The turnover in financial year 2025 is ≈ €48,000. This figure is estimated from the gross margin of €4,592 and 60 comparable companies (NACE 475). It probably lies between €26,000 and €120,000. It is a rough estimate.Financials
- Is LEOTI profitable?
- In financial year 2025, LEOTI made a loss of €9,076.
- Where can I find the annual accounts of LEOTI?
- LEOTI filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LEOTI due?
- LEOTI must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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