Equity
LESS has made a profit in every financial year since 2020.
LESS has made a profit in every financial year since 2020.
The result rose in 2025 from €3,891 to €56,084.
The accounts state no turnover.
€225,191 of the debts are secured on the company's own assets.
In 2025, 2 people joined and 1 left.
The last five annual accounts were filed 2 to 71 days before the end of the period.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 35% of them on solvency, 37% on liquidity, 66% on profitability and 86% 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 31-07-2025.
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).
In July 2024, 6,713 companies had the same profile as LESS has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LESS itself: 0.7% within 12 months.
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 6,713 companies, not a prediction for LESS. 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.
Liquidity is insufficient, with a current ratio of 0.71 (0.76 in 2024), below 1. Short-term debt is 39.1% and cash 5.9% of total assets. 80.4% of the assets are financed with debt and provisions.
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.
The company filed its last 5 accounts on average 21 days before 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.
| Company | ||||
|---|---|---|---|---|
| LESS Kortrijk | €0.8m | €312,722 | 19.6% | 2.4 |
| AVILAN Aalst | €0.8m | €293,613 | 22.0% | 3 |
| BARESQUE EUROPE Watermael-Boitsfort | €1.0m | €359,707 | 11.2% | 1.9 |
| MARO GROUP Riemst | €0.9m | €268,950 | 37.4% | 2.7 |
| TOFIX Oudenaarde | €1.0m | €238,769 | 25.7% | 2 |
| HOME CONFORT & FILS Frameries | €0.9m | €212,818 | 70.7% | 2.7 |
| SO KITCHEN Tournai | €0.7m | €249,307 | 14.4% | 1.8 |
These companies have the same main activity as LESS: retail sale of household furniture (NACE 47551). They are comparable in size and age: total assets between €717,000 and €1m, founded between 2017 and 2020.
LESS files the abbreviated format. That format states no turnover. The gross margin rose from €83,514 in 2020 to €312,722 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.7m. Estimated: probably between €1.0m and €2.5m.
Higher than 31% of 12,856 companies in 2025.
Higher than 15% of 12,646 companies in 2025.
Higher than 60% of 12,719 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 2 people joined and 1 left.
| Line | Trend | 2025 | 2024 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
838,276 | 794,281 | 774,451 | 705,636 | 569,159 | |
20 |
0 | 66 | 802 | 1,254 | 1,705 | |
21/28 |
604,332 | 587,197 | 654,753 | 578,665 | 431,236 | |
21 |
9,818 | 0 | 1,714 | 2,859 | 4,004 | |
22/27 |
594,514 | 587,197 | 653,038 | 575,806 | 427,233 | |
22 |
377,016 | 378,911 | 346,388 | 314,576 | 312,361 | |
23 |
94,322 | 113,267 | 157,790 | 83,090 | 61,051 | |
24 |
50,461 | 8,515 | 37,074 | 52,564 | 53,821 | |
25 |
72,714 | 86,504 | 111,786 | 125,576 | - | |
29/58 |
233,944 | 207,017 | 118,896 | 125,718 | 136,218 | |
3 |
47,999 | 50,170 | 49,902 | 56,117 | 29,398 | |
30/36 |
47,999 | 50,170 | 49,902 | 48,617 | 29,398 | |
37 |
- | - | 0 | 7,500 | - | |
40/41 |
120,960 | 103,272 | 34,615 | 48,672 | 87,907 | |
40 |
116,563 | 102,251 | 25,222 | 37,320 | 82,307 | |
41 |
4,397 | 1,021 | 9,393 | 11,352 | 5,600 | |
54/58 |
49,348 | 43,179 | 26,931 | 15,068 | 16,878 | |
490/1 |
15,638 | 10,396 | 7,449 | 5,862 | 2,035 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
838,276 | 794,281 | 774,451 | 705,636 | 569,159 | |
10/15 |
163,897 | 107,813 | 103,922 | 82,235 | 42,630 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
143,250 | 87,250 | 83,500 | 62,000 | 22,500 | |
133 |
143,250 | 87,250 | 83,500 | 62,000 | 22,500 | |
14 |
647 | 563 | 422 | 235 | 130 | |
17/49 |
674,379 | 686,468 | 670,529 | 623,402 | 526,530 | |
17 |
346,139 | 412,528 | 456,715 | 439,500 | 403,692 | |
170/4 |
301,139 | 377,528 | 416,880 | 388,665 | 352,858 | |
178/9 |
45,000 | 35,000 | 39,834 | 50,834 | 50,834 | |
42/48 |
327,528 | 273,900 | 213,330 | 183,819 | 122,838 | |
42 |
103,795 | 86,884 | 91,070 | 69,521 | 52,148 | |
44 |
167,584 | 116,140 | 93,475 | 62,393 | 67,118 | |
440/4 |
167,584 | 116,140 | 93,475 | 62,393 | 67,118 | |
46 |
0 | 36,000 | 12,500 | 35,722 | - | |
45 |
46,349 | 27,550 | 15,681 | 2,809 | 3,571 | |
450/3 |
23,087 | 20,607 | 8,220 | 2,809 | 3,571 | |
454/9 |
23,262 | 6,943 | 7,461 | - | - | |
47/48 |
9,800 | 7,326 | 604 | 13,374 | - | |
492/3 |
712 | 40 | 484 | 83 | - | |
| Income statement | ||||||
76A |
0 | 22,250 | - | - | - | |
9900 |
312,722 | 394,752 | 175,660 | 121,599 | 83,514 | |
62 |
149,085 | 201,613 | 70,812 | 6,399 | - | |
630 |
68,987 | 138,977 | 70,930 | 62,364 | 44,918 | |
631/4 |
- | 0 | -250 | - | - | |
640/8 |
4,058 | 7,265 | 3,168 | 3,015 | 4,527 | |
9901 |
90,593 | 46,898 | 31,000 | 49,820 | 34,069 | |
75/76B |
140 | 537 | 53 | 96 | 550 | |
75 |
140 | 537 | 53 | 96 | 550 | |
65/66B |
15,404 | 34,196 | 8,540 | 7,590 | 9,807 | |
65 |
15,404 | 34,196 | 8,540 | 7,590 | 9,807 | |
9903 |
75,329 | 13,239 | 22,512 | 42,327 | 24,812 | |
67/77 |
19,245 | 9,348 | 825 | 2,723 | 2,182 | |
9904 |
56,084 | 3,891 | 21,687 | 39,605 | 22,630 | |
9905 |
56,084 | 3,891 | 21,687 | 39,605 | 22,630 | |
| Appropriation of the result | ||||||
9906 |
56,647 | 4,313 | 21,922 | 39,735 | 22,630 | |
14P |
563 | 422 | 235 | 130 | - | |
691/2 |
56,000 | 3,750 | 21,500 | 39,500 | 22,500 | |
6921 |
56,000 | 3,750 | 21,500 | 39,500 | 22,500 | |
| Social balance sheet | ||||||
9087 |
2.4 | 2.1 | 1.3 | 0.2 | - | |
Hours worked1013 |
4,095 | 4,066 | 2,354 | 468 | - | |
| Document | ||||||
The notes to these accounts have 23 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 25-02-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-07-2025 | abbreviated format | 25-02-2026 | 2026-00043513 | |
| 31-07-2024 | micro format | 07-02-2025 | 2025-00033678 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00083504 | |
| 30-09-2021 | micro format | 21-04-2022 | 2022-20007728 | |
| 30-09-2020 | micro format | 18-02-2021 | 2021-05800005 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,835 | €1,095 |
| 2023 | 1 | €0 | €1,725 |
| 2022 | 1 | €335 | €335 |
| Line | Trend | 2025 | 2024 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| 159,580 | 185,875 | 101,930 | 112,185 | 78,987 | ||
| 125,071 | 142,867 | 92,618 | 101,969 | 67,548 | ||
| 86,055 | 208,586 | 146,567 | 209,341 | 475,602 | ||
| 6,169 | - | 11,863 | -1,810 | - | ||
| -93,584 | -66,883 | -94,434 | -58,101 | 13,380 | ||
| 19.6% | 13.6% | 13.4% | 11.7% | 7.5% | ||
| 0.71 | 0.76 | 0.56 | 0.68 | 1.11 | ||
| 0.57 | 0.57 | 0.32 | 0.38 | 0.87 | ||
| 4.11 | 6.37 | 6.45 | 7.58 | 12.35 | ||
| 34.2% | 3.6% | 20.9% | 48.2% | 53.1% | ||
| 6.7% | 0.5% | 2.8% | 5.6% | 4.0% | ||
| 10.36 | 5.44 | 11.94 | 14.78 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-07-2025 | 31-07-2024 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 2 | 1 |
| full-time | 2 | 2 | 1 | 1 |
| part-time | 1 | 0 | 1 | - |
| in full-time equivalents | 2.8 | 2 | 1.5 | 1 |
| 2.4 | 2.1 | 1.3 | 0.2 | |
| On a permanent contract | 3 | 2 | 2 | - |
| Joined | 2 | 4 | 2 | 1 |
| Left | 1 | 4 | 1 | 0 |
| Training hours | - | 0 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 31-07-2025 | 31-07-2024 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €225,191 | - | - | - |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 |
| €234,375 | €234,375 | €234,375 | €234,375 | |
| Carrying value of the mortgaged assets | €470,965 | €378,911 | €346,388 | €314,576 |
| €220,000 | €220,000 | €220,000 | €220,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 31-07-2025 | 31-07-2024 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|
| Tangible fixed assets | €76,237 | €208,586 | €146,567 | €209,341 |
| Intangible fixed assets | €9,818 | - | - | - |
| €68,987 | €138,977 | €70,930 | €62,364 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 93% higher than in 2024 and the highest since 2020.
Debt's share of the balance-sheet total falls from 86.4% to 80.4%. Equity is higher and debt is lower.
LESS has no parent and no holdings in its annual accounts. LESS shares no director with another company.
Deadline for the 2026 accounts: 28-02-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
LESS was incorporated on 21 December 2018 by two natural persons, with a starting capital of €20,000.12 The registered office was moved to Marke in 2019.3 The board currently has 4 members.4 Total assets rose from €569,159 in 2020 to €838,276 in 2025 and headcount from 0.2 full-time equivalents in 2021 to 2.4 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| LESS BVBA registered office Rekkemsestraat 258, 8510 Kortrijk | 21-12-2018 | 2.283.613.887 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34026A0054/00W000 | 731 m² | 1 · 131 m² | 8.3 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0716.799.217
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