LES

Open bankruptcy

Private limited company (pre-2019)founded 2016Senatorlaan 50, 3201 Aarschot, BelgiumKBO/BCE: BE 0668.601.697

Summary

A bankruptcy procedure is open for LES according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €9k and a net result of €-13k.

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Signals

Two signals.

+raises risk

The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Checked, nothing found (1)

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

Financials · fiscal year 2021, micro schema

Equity

€9k▼ 58.5%

2020 · €22k

2018: €8k 2019: €10k 2020: €22k

2018 → 2021

Total assets

€145k▲ 49.3%

2020 · €97k

2018: €39k 2019: €43k 2020: €97k

2018 → 2021

Net result

€-13k

2020 · €12k

2018: €825 2019: €3k 2020: €12k

2018 → 2021

Working capital

€39k▲ 45.9%

2020 · €27k

2018: €2k 2019: €10k 2020: €27k

2018 → 2021

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2018201920202021Trend

Equity€8k-€10k▲ 35.2%€22k▲ 111%€9k▼ 58.5%

Operating result€2k-€4k▲ 128%€13k▲ 198%€-11k

Net result€825-€3k▲ 227%€12k▲ 327%€-13k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2021: a loss of €11k after €13k in 2020, the lowest result in the available series.

Balance-sheet composition

2021 in colour, 2020 as the grey bar beneath

Assets €145k

18.9%

81.1%

Fixed assets €27k ▼ 32.9%

Current assets €118k ▲ 109%

Equity and liabilities €145k

93.8%

Equity €9k ▼ 58.5%

Debt €136k ▲ 80.6%

Debt's share of the balance-sheet total rises from 77.5% to 93.8%. Equity is lower and debt is higher.

Key figures and ratios

2021 value · change against 2020

EBITDA

€-915▼

2020 · €20k

Cash flow

€-3k▼

2020 · €19k

Current ratio

1.49▼

2020 · 1.89

Debt to equity

15.01▲

2020 · 1.28

ROE

-141.2%▼

2020 · 52.6%

ROA

-8.8%▼

2020 · 11.8%

Interest coverage

-0.55

Debt ≤ 1 year

€79k▲

2020 · €30k

Debt > 1 year

€17k▼

2020 · €28k

Staff costs

€46

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 · 2021 against 2020 · 46 lines

Balance sheet Code20202021

Assets

Total assets20/58€97k€145k▲

Fixed assets21/28€41k€27k▼

Tangible fixed assets22/27€41k€27k▼

Furniture and vehicles24-€5k

Leasing and similar rights25-€22k

Financial fixed assets28€400€400=

Current assets29/58€56k€118k▲

Stocks and contracts in progress3€10k-

Amounts receivable within one year40/41€20k€60k▲

Trade receivables40-€40k

Other amounts receivable41-€20k

Cash at bank and in hand54/58€1-

Deferred charges and accrued income490/1-€58k

Equity and liabilities

Total equity and liabilities10/49€97k€145k▲

Equity10/15€22k€9k▼

Contributions10/11-€6k

Reserves13€16k€3k▼

Non-distributable reserves130/1-€2k

Reserves not available under the articles1311-€2k

Distributable reserves133-€1k

Amounts payable17/49€75k€136k▲

Amounts payable after more than one year17€28k€17k▼

Financial debts170/4-€17k

Amounts payable within one year42/48€30k€79k▲

Current portion of amounts payable after more than one year42-€12k

Financial debts43-€1k

Credit institutions430/8-€1k

Trade debts44€17k€56k▲

Suppliers440/4-€56k

Taxes, remuneration and social security45-€938

Taxes450/3-€938

Other amounts payable47/48-€9k

Accrued charges and deferred income492/3-€41k

Income statement Code20202021

Non-recurring operating income76A-€7k

Remuneration, social security and pensions62-€46

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k▲

Other operating charges640/8-€337

Gross operating margin9900€20k€-532▼

Operating profit (loss)9901€13k€-11k▼

Financial charges65/66B-€2k

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€12k€-13k▼

Profit (loss) for the period9904€12k€-13k▼

Profit (loss) for the period to be appropriated9905€12k€-13k▼

Appropriation of the result

Profit (loss) to be appropriated9906-€-13k

Transfer from equity791/2-€13k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Signals 1Financial 2Filings 5

2023

28-06

Bankruptcy Opening

Ondernemingsrechtbank Leuven · LES BV SENATORLAAN 50, 3201 LANGDORP · event 22-06-2023

23-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 296 days late

2021

31-12

Financial Weakest financial yearnet €-13k ▼211%

Net result drops to €-13k, the lowest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

31-12

Financial Highest result since 2018net €12k ▲327%

Operating result €13k, net result €12k, both a record.

27-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 27 days late

2019

22-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

19-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Aarschot · 1 establishment unit since 2016

establishment The establishment unit on the map

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.

Senatorlaan 503201 Aarschot

Ground area

4,243 m²

Building footprint

105 m²

Volume, LiDAR

725 m³

Parcel 24060I0038/00T000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

LES

Senatorlaan 50, 3201 AarschotRepair, maintenance and installation of machinery and equipment

since 20162.260.404.064

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24060I0038/00T000	Flanders	4,243 m²	1 · 105 m²	10.2 m · 2 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

2 mandates

Role	Name	Tenure
Curator	WIM BOLLEN STEENWEG OP ST-JORIS-WINGE 21, 3200 AARSCHOT	22-06-2023 → present
Curator	THOMAS VANDENDRIES STEENWEG OP ST-JORIS-WINGE 21, 3200 AARSCHOT	22-06-2023 → present

Similar companies · same sector, comparable size

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Waasmunster · Eq €9,095

Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded30-12-2016

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

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