LESCHACO
ActiveSummary
LESCHACO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€498,487. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 44% of 657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-69
Solvency57▼-5
Growth37▼-13
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 2.37 against 2.69 in 2024; short-term debt: 42% and cash: 17.5% of total assets), but 67.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2025Solvency, return and age of the figures
Solvency
32.1%
Return on assets
-12.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
31 d early
2023
on the day
2022
31 d early
2021
9 d early
2020
57 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€10.6m▼ 33.6%
2022 · €16.0m
EBIT margin
4.4%▼ 1.8pp
2022 · 6.2%
Net result
-€498,487
2024 · €120,754
Working capital
€2.3m▼ 23.1%
2024 · €3.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€12.0m▲ 12.9%€16.0m▲ 32.5%€10.6m▼ 33.6%
Operating result€861,185▼ 14.5%€984,829▲ 14.4%€466,489▼ 52.6%€144,165▼ 69.1%-€546,858
Net result€627,870▼ 15.3%€716,113▲ 14.1%€351,774▼ 50.9%€120,754▼ 65.7%-€498,487
EBIT margin7.2%▼ 2.3pp6.2%▼ 1.0pp4.4%▼ 1.8pp
Equity€1.3m▼ 40.8%€1.6m▲ 19.9%€1.7m▲ 3.2%€1.8m▲ 7.3%€1.3m▼ 28.0%
Total assets€4.5m▲ 21.5%€5.0m▲ 10.4%€3.7m▼ 26.4%€4.8m▲ 30.6%€4.0m▼ 16.4%
Debt€3.2m▲ 119%€3.3m▲ 5.6%€2.0m▼ 40.9%€3.0m▲ 50.6%€2.7m▼ 9.6%
Working capital€2.2m▼ 19.6%€2.4m▲ 9.6%€2.5m▲ 2.7%€3.0m▲ 20.1%€2.3m▼ 23.1%
Staff (FTE)16.5▲ 14.6%15.6▼ 5.5%15.3▼ 1.9%17.2▲ 12.4%18.6▲ 8.1%
Why a figure moved sharply
- 2024 Net result -66% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €546,858 after €144,165 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€18,802 ▼ 31.8%
Current assets
€4.0m ▼ 16.3%
Equity and liabilities €4.0m
Equity
€1.3m ▼ 28.0%
Provisions
€25,000 =
Debt
€2.7m ▼ 9.6%
Debt's share of the balance-sheet total rises from 62.2% to 67.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€538,097▼
2024 · €153,807
Cash flow
-€489,726▼
2024 · €130,396
Current ratio
2.37▼
2024 · 2.69
Debt to equity
2.10▲
2024 · 1.67
ROE
-39.0%▼
2024 · 6.8%
ROA
-12.5%▼
2024 · 2.5%
Interest coverage
-19.70▼
2024 · 12.86
Debt ≤ 1 year
€1.7m▼
2024 · €1.8m
Income taxes
-€16,198▼
2024 · €66,179
Staff costs
€2.0m▲
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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%.
| 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 926 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €12.2m | €16.2m | €10.9m | - | - | - |
| Turnover70 | €12.0m | €16.0m | €10.6m | - | - | - |
| Other operating income74 | €104,455 | €140,599 | €161,303 | - | - | - |
| Non-recurring operating income76A | €13,760 | €93,667 | €97,243 | €188,540 | €71,416 | ▼ 62.1% |
| Operating charges60/66A | €11.3m | €15.2m | €10.4m | - | - | - |
| Goods for resale, raw materials and consumables60 | €9.7m | €13.2m | €8.3m | - | - | - |
| Purchases600/8 | €9.7m | €13.2m | €8.3m | - | - | - |
| Services and other goods61 | €351,327 | €525,108 | €516,271 | - | - | - |
| Remuneration, social security and pensions62 | €1.3m | €1.5m | €1.5m | €1.6m | €2.0m | ▲ 22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,345 | €6,719 | €9,642 | €9,642 | €8,761 | ▼ 9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,880 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €25,000 | - | - | - | - |
| Other operating charges640/8 | €10,347 | €11,916 | €8,890 | €12,999 | €14,184 | ▲ 9.1% |
| Non-recurring operating charges66A | - | - | - | €70,447 | - | - |
| Gross operating margin9900 | - | - | - | €1.9m | €1.5m | ▼ 21.6% |
| Operating profit (loss)9901 | €861,185 | €984,829 | €466,489 | €144,165 | -€546,858 | ▼ 479% |
| Financial income75/76B | €5,098 | €15,538 | €43,025 | €54,728 | €59,491 | ▲ 8.7% |
| Recurring financial income75 | €5,098 | €15,538 | €43,025 | €54,728 | €59,491 | ▲ 8.7% |
| Income from financial fixed assets750 | €26 | €0 | €6,649 | - | - | - |
| Income from current assets751 | €25 | €1,447 | €27,869 | - | - | - |
| Other financial income752/9 | €5,047 | €14,091 | €8,506 | - | - | - |
| Financial charges65/66B | €18,500 | €24,873 | €25,119 | €11,961 | €27,318 | ▲ 128% |
| Recurring financial charges65 | €18,500 | €24,873 | €25,119 | €11,961 | €27,318 | ▲ 128% |
| Debt charges650 | €3,349 | €2,504 | €1,746 | - | - | - |
| Other financial charges652/9 | €15,152 | €22,370 | €23,373 | - | - | - |
| Profit (loss) for the period before taxes9903 | €847,783 | €975,494 | €484,395 | €186,932 | -€514,685 | ▼ 375% |
| Income taxes67/77 | €219,912 | €259,381 | €132,621 | €66,179 | -€16,198 | ▼ 124% |
| Taxes670/3 | €219,912 | €259,381 | €132,621 | - | - | - |
| Profit (loss) for the period9904 | €627,870 | €716,113 | €351,774 | €120,754 | -€498,487 | ▼ 513% |
| Profit (loss) for the period to be appropriated9905 | €627,870 | €716,113 | €351,774 | €120,754 | -€498,487 | ▼ 513% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €5.0m | €3.7m | €4.8m | €4.0m | ▼ 16.4% |
| Fixed assets21/28 | €29,053 | €46,847 | €37,205 | €27,563 | €18,802 | ▼ 31.8% |
| Intangible fixed assets21 | €1 | €1 | €1 | €1 | €1 | = |
| Tangible fixed assets22/27 | €29,052 | €46,846 | €37,204 | €27,562 | €18,801 | ▼ 31.8% |
| Furniture and vehicles24 | €29,052 | €46,846 | €37,204 | €27,562 | €18,801 | ▼ 31.8% |
| Current assets29/58 | €4.5m | €4.9m | €3.6m | €4.7m | €4.0m | ▼ 16.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €1.3m | - |
| Other amounts receivable291 | - | - | - | - | €1.3m | - |
| Amounts receivable within one year40/41 | €2.5m | €3.3m | €2.6m | €3.7m | €1.9m | ▼ 48.1% |
| Trade receivables40 | €2.4m | €2.4m | €1.5m | €2.6m | €1.9m | ▼ 27.8% |
| Other amounts receivable41 | €53,974 | €836,098 | €1.1m | €1.0m | €7,621 | ▼ 99.3% |
| Cash at bank and in hand54/58 | €1.7m | €1.5m | €960,792 | €739,634 | €698,225 | ▼ 5.6% |
| Deferred charges and accrued income490/1 | €261,261 | €112,024 | €86,236 | €351,589 | €122,982 | ▼ 65.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €5.0m | €3.7m | €4.8m | €4.0m | ▼ 16.4% |
| Equity10/15 | €1.3m | €1.6m | €1.7m | €1.8m | €1.3m | ▼ 28.0% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €227,096 | €227,096 | €227,096 | €227,096 | €227,096 | = |
| Non-distributable reserves130/1 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Legal reserve130 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Distributable reserves133 | €67,096 | €67,096 | €67,096 | €67,096 | €67,096 | = |
| Profit (loss) carried forward14 | €12,406 | €278,519 | €330,293 | €451,046 | -€47,442 | ▼ 111% |
| Provisions and deferred taxes16 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Provisions for liabilities and charges160/5 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Environmental obligations163 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Amounts payable17/49 | €3.2m | €3.3m | €2.0m | €3.0m | €2.7m | ▼ 9.6% |
| Amounts payable within one year42/48 | €2.3m | €2.5m | €1.1m | €1.8m | €1.7m | ▼ 5.0% |
| Trade debts44 | €1.3m | €1.9m | €893,064 | €1.5m | €1.4m | ▼ 5.9% |
| Suppliers440/4 | €1.3m | €1.9m | €893,064 | €1.5m | €1.4m | ▼ 5.9% |
| Taxes, remuneration and social security45 | €140,838 | €161,731 | €241,083 | €240,273 | €242,454 | ▲ 0.9% |
| Taxes450/3 | €2,434 | €512 | €52,644 | €58,420 | €5,834 | ▼ 90.0% |
| Remuneration and social security454/9 | €138,404 | €161,219 | €188,439 | €181,853 | €236,620 | ▲ 30.1% |
| Other amounts payable47/48 | €801,577 | €450,210 | - | €717 | €160 | ▼ 77.7% |
| Accrued charges and deferred income492/3 | €894,799 | €832,395 | €836,427 | €1.2m | €1.0m | ▼ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €627,870 | €716,113 | €351,774 | €120,754 | -€498,487 | ▼ 513% |
| + Depreciation and write-downs630 | €6,345 | €6,719 | €9,642 | €9,642 | €8,761 | ▼ 9.1% |
| Operating cash flow (approximation) | €634,215 | €722,832 | €361,416 | €130,396 | -€489,726 | ▼ 476% |
| Investment in fixed assets (approximation) | - | -€24,513 | €0 | €0 | €0 | - |
| Change in cash | - | -€190,324 | -€577,490 | -€221,158 | -€41,409 | ▲ 81.3% |
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
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet -€498,487
Net result drops to -€498,487, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €741,141 ▲160%
Operating result €1.0m, net result €741,141, both a record.
31-12
Financial
Equity above €2mEq €2.3m ▲48.7%
3 profitable years in a row build equity to €2.3m.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Antwerpen · 2 establishment units since 1985
Ground area
2.1 ha
Building footprint
2,063 m²
Volume, LiDAR
38,251 m³
2 parcels, Flanders · tallest building 22.4 m, ±6 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
2 establishment units
LESCHACO NV
since 19852.028.067.585
LESCHACO
since 20252.371.845.681
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0056/00B010 | Flanders | 1.6 ha | 1 · 897 m² | 21.0 m · 6 fl. |
| 23015B0091/00S003 | Flanders | 4,582 m² | 1 · 1,166 m² | 22.4 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,694 EUR awarded · 4,694 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,428 EUR | 2,428 EUR |
| 2023 | 1 | 2,266 EUR | 2,266 EUR |
Schemes
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Of 355 companies in sector 52249 we hold annual accounts for 266. 171 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-10-1985
Fiscal year end31-12
Activities, NACEBEL 2025
52249Warehousing and support activities for transportation
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427946578
Registered
06-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.