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LER

Active
Private limited companyfounded 20251 yr activeRue de Luttre(GY) 121, 6181 Courcelles, BelgiumKBO/BCE: BE 1022.614.283
Summary

The computed 12-month bankruptcy probability of LER is 4.5% (elevated). The 2025 annual accounts show negative equity (-€7,484) and a net result of -€10,484. Its solvency ranks better than 21% of 13560 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency13
Growth-
Track record67
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.94; short-term debt: 27.4% and cash: 31.6% of total assets), but equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-12.4%
Return on assets
-17.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LER was incorporated on 23 April 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€7,484
Total assets
€60,360
Net result
-€10,484
Working capital
€15,538

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €60,360
Fixed assets €28,310
Current assets €32,050
Key figures and ratios
2025 value
EBITDA
-€3,541
Cash flow
-€7,764
Solvency
-12.4%
Current ratio
1.94
Quick ratio
1.79
Debt to equity
-9.07
ROA
-17.4%
Interest coverage
-0.84
Debt
€67,844
Debt ≤ 1 year
€16,513
Debt > 1 year
€51,331
Staff costs
€4,085

Peer companies

Historical observation

Of the 1,323 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.6% stopped otherwise
90% 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 4.5% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,323 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
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€60,360
Fixed assets21/28€28,310
Tangible fixed assets22/27€28,100
Furniture and vehicles24€17,874
Other tangible fixed assets26€10,226
Financial fixed assets28€210
Current assets29/58€32,050
Stocks and contracts in progress3€2,450
Stocks30/36€2,450
Amounts receivable within one year40/41€8,647
Trade receivables40€2,609
Other amounts receivable41€6,038
Cash at bank and in hand54/58€19,074
Deferred charges and accrued income490/1€1,879
Equity and liabilities
Total equity and liabilities10/49€60,360
Equity10/15-€7,484
Contributions10/11€3,000
Profit (loss) carried forward14-€10,484
Amounts payable17/49€67,844
Amounts payable after more than one year17€51,331
Financial debts170/4€51,331
Amounts payable within one year42/48€16,513
Current portion of amounts payable after more than one year42€6,793
Trade debts44€6,766
Suppliers440/4€6,766
Advances received on contracts in progress46€1,942
Taxes, remuneration and social security45€1,012
Remuneration and social security454/9€1,012
Income statement Code2025
Remuneration, social security and pensions62€4,085
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,719
Other operating charges640/8€777
Gross operating margin9900€1,321
Operating profit (loss)9901-€6,261
Financial income75/76B€8
Recurring financial income75€8
Financial charges65/66B€4,231
Recurring financial charges65€4,231
Profit (loss) for the period before taxes9903-€10,484
Profit (loss) for the period9904-€10,484
Profit (loss) for the period to be appropriated9905-€10,484
Appropriation of the result
Profit (loss) to be appropriated9906-€10,484

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€4,085
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,719
Other operating charges640/8€777
Gross operating margin9900€1,321
Operating profit (loss)9901-€6,261
Financial income75/76B€8
Recurring financial income75€8
Financial charges65/66B€4,231
Recurring financial charges65€4,231
Profit (loss) for the period before taxes9903-€10,484
Profit (loss) for the period9904-€10,484
Profit (loss) for the period to be appropriated9905-€10,484
Line2025
Assets
Total assets20/58€60,360
Fixed assets21/28€28,310
Tangible fixed assets22/27€28,100
Furniture and vehicles24€17,874
Other tangible fixed assets26€10,226
Financial fixed assets28€210
Current assets29/58€32,050
Stocks and contracts in progress3€2,450
Stocks30/36€2,450
Amounts receivable within one year40/41€8,647
Trade receivables40€2,609
Other amounts receivable41€6,038
Cash at bank and in hand54/58€19,074
Deferred charges and accrued income490/1€1,879
Equity and liabilities
Total equity and liabilities10/49€60,360
Equity10/15-€7,484
Contributions10/11€3,000
Profit (loss) carried forward14-€10,484
Amounts payable17/49€67,844
Amounts payable after more than one year17€51,331
Financial debts170/4€51,331
Amounts payable within one year42/48€16,513
Current portion of amounts payable after more than one year42€6,793
Trade debts44€6,766
Suppliers440/4€6,766
Advances received on contracts in progress46€1,942
Taxes, remuneration and social security45€1,012
Remuneration and social security454/9€1,012
Line2025
Profit (loss) for the period9904-€10,484
+ Depreciation and write-downs630€2,719
Operating cash flow (approximation)-€7,764

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Courcelles · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
182 m²
Building footprint
95 m²
Volume, LiDAR
870 m³
Parcel 52031B0380/00D002, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pizzeria le Raffaelia
Rue de Luttre(GY) 121, 6181 CourcellesManufacture of beverages
since 20252.373.644.537
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52031B0380/00D002 Wallonia 182 m² 1 · 95 m² 11.4 m · 3 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Courcelles2.373.644.537
1 permission
Toelating · Traiteur · since 05-07-2025

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-04-2025
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1022614283
Registered 31-12-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.