LEPELBLAD
Open bankruptcyA bankruptcy procedure is open for LEPELBLAD according to publications in the Belgian State Gazette; curator: BERNARD DE MEYER. The 2025 annual accounts show equity of €58k and a net result of €-51k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-51k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
29 d late
2023
6 d early
2022
5 d early
2021
4 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€58k▼ 46.4%
2024 · €109k
2018: €70k
2019: €190k
2020: €205k
2021: €211k
2022: €176k
2023: €151k
2024: €109k
2018 → 2025
Total assets
€103k▼ 34.5%
2024 · €158k
2018: €589k
2019: €311k
2020: €271k
2021: €223k
2022: €206k
2023: €187k
2024: €158k
2018 → 2025
Net result
€-51k▼ 22.1%
2024 · €-42k
2018: €308
2019: €120k
2020: €15k
2021: €6k
2022: €-35k
2023: €-25k
2024: €-42k
2018 → 2025
Working capital
€38k▼ 53.3%
2024 · €81k
2018: €22k
2019: €186k
2020: €199k
2021: €209k
2022: €135k
2023: €113k
2024: €81k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€211k-€176k▼ 16.6%€151k▼ 14.5%€109k▼ 27.6%€58k▼ 46.4%
Operating result€8k-€-32k€-22k▲ 32.7%€-38k▼ 74.6%€-29k▲ 23.0%
Net result€6k-€-35k€-25k▲ 27.1%€-42k▼ 62.9%€-51k▼ 22.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €29k in 2025 against €38k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103k
Fixed assets
€20k▼ 26.6%
Current assets
€83k▼ 36.2%
Equity and liabilities €103k
Equity
€58k▼ 46.4%
Debt
€45k▼ 7.7%
The debt ratio rises from 30.7% to 43.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-19k▲
2024 · €-28k
Cash flow
€-41k▼
2024 · €-32k
Solvency
56.7%▼
2024 · 69.3%
Current ratio
1.85▼
2024 · 2.68
Quick ratio
1.54▼
2024 · 2.19
Debt / equity
0.76▲
2024 · 0.44
ROE
-86.7%▼
2024 · -38.0%
ROA
-49.1%▼
2024 · -26.3%
Interest coverage
-1.32▲
2024 · -6.08
Debt
€45k▼
2024 · €48k
Debt ≤ 1 year
€45k▼
2024 · €48k
Income taxes
€8k
Staff costs
€24k▼
2024 · €85k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€158k€103k▼
Fixed assets21/28€28k€20k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€27k€20k▼
Plant, machinery and equipment23€3k€3k▲
Furniture and vehicles24€975€1k▲
Other tangible fixed assets26€24k€16k▼
Financial fixed assets28€425€425=
Current assets29/58€130k€83k▼
Stocks and contracts in progress3€24k€14k▼
Stocks30/36€24k€14k▼
Amounts receivable within one year40/41€12k€8k▼
Trade receivables40€4k-
Other amounts receivable41€8k€8k▲
Current investments50/53€53k€53k=
Cash at bank and in hand54/58€41k€7k▼
Equity and liabilities
Total equity and liabilities10/49€158k€103k▼
Equity10/15€109k€58k▼
Contributions10/11€47k€47k=
Reserves13€164k€164k=
Non-distributable reserves130/1€53k€53k=
Reserves not available under the articles1311€53k€53k=
Distributable reserves133€111k€111k=
Profit (loss) carried forward14€-102k€-153k▼
Amounts payable17/49€48k€45k▼
Amounts payable within one year42/48€48k€45k▼
Financial debts43€22k-
Credit institutions430/8€22k-
Trade debts44€12k€36k▲
Suppliers440/4€12k€36k▲
Taxes, remuneration and social security45€15k€9k▼
Taxes450/3€11k€9k▼
Remuneration and social security454/9€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€85k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€61k€7k▼
Operating profit (loss)9901€-38k€-29k▲
Financial income75/76B€938€419▼
Recurring financial income75€938€419▼
Financial charges65/66B€5k€15k▲
Recurring financial charges65€5k€15k▲
Profit (loss) for the period before taxes9903€-42k€-43k▼
Income taxes67/77-€8k
Profit (loss) for the period9904€-42k€-51k▼
Profit (loss) for the period to be appropriated9905€-42k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-102k€-153k▼
Profit (loss) brought forward from the previous period14P€-60k€-102k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · LEPELBLAD BV ONDER- BERGEN 40, 9000 GENT · event 20-07-2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 19.30
Current ratio from 4.00 to 19.30; short-term debt falls from €66k to €11k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €205k ▲7.7%
3 profitable years in a row build equity to €205k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €120k ▲39012%
Operating result €184k, net result €120k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.65
Current ratio from 1.27 to 2.65.
31-12
Financial
Equity above €150kEq €190k ▲172%
2 profitable years in a row build equity to €190k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Onderbergen 409000 GentGround area
242 m²
Building footprint
247 m²
Volume, LiDAR
2,347 m³
Parcel 44815F1053/00A000, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LEPELBLAD
since 20022.114.361.359
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F1053/00A000 | Flanders | 242 m² | 1 · 247 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERNARD DE MEYER COUPURE 158, 9000 GENT- |
20-07-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.114.361.359
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Of 20,499 companies in sector 56111 we hold annual accounts for 11,455. 9,875 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-07-2002
Fiscal year end31-12
Activities, NACEBEL
55301
55302
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.