LET AUTOMOTIVE

Active

Public limited companyfounded 2005active for 20 yearsVaartlaan 20, 9800 Deinze, BelgiumKBO/BCE: BE 0878.248.787

Summary

LET AUTOMOTIVE has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of -€157,609. Equity is shrinking by about 8.2% per year across the filed financial years. Its solvency ranks better than 30% of 383 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

LET AUTOMOTIVEActiveChecked score 80/100

Risk analysis Report Compare

Activity

Manufacture of machinery and equipment not elsewhere classified

NACE 28990Wholesale of other machinery and equipment NACE 46649

1 site

Size

€6.4mtotal assets 2025

Staff: 18.1 FTE
Equity: €1.7m
Loss: -€157,609

Net result +58%: other schema

Financial health

80 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.4%

Structure

Parent: FORMETCO · 71.99%

Anna RoosenDirector
Michael VandewalleDirector

2025 accounts 36 days early2 of 8 deeds summarised

Why 80raises riskLiquidity: current ratio 1.30, cash €294,782Loss of €157,609, the second in a row (financial year 2025)lowers riskFigures for financial year 2025 (filed 25-06-2026)Founded in 2005Show the evidence

Checked score

Score 2025

80 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 24% of its sector peers (NACE 28, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 52-2

equity 26.8% of total assets

Liquidity 26+3

short-term debt 57.6% · cash 4.6%

Profitability 48+36

return on assets -2.5%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (291 companies, NACE 28, small)

Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.7%▲ +0.1 percentage points vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.8%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%▼ -0.1 percentage points vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.8%▲ +0.1 percentage points vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026highest value 07-2026: 0.4%▼ -0.4 percentage points vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value

Credit of up to €130,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.3, compared with 1.36 in 2024, below the usual 1.5; short-term debt: 57.6% and cash: 4.6% of total assets), and 73.2% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 28, small): better than 27% on solvency, 20% on liquidity, 26% on profitability and 22% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.30, cash €294,782

NBB · annual accounts

Loss of €157,609, the second in a row (financial year 2025)

NBB · annual accounts

Figures for financial year 2025 (filed 25-06-2026)

NBB · annual accounts

Founded in 2005

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€157,609

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

36 days early

2024

35 days early

2023

27 days early

2022

38 days early

2021

40 days early

2020

37 days early

2019

30 days 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 35 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

06-07-2026 Reappointment: Anna Roosen (director)Gazette deed
25-06-2026 Annual accounts filedfinancial year 2025 · full…
26-06-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Risk: 4 loss-making years in a rowloss financial year 2025 -€157,609 View
Caution: Among the weakest 15% on net resultsector median €151,759 · 383 companies -€157,609 View
Positive: Result rose in 2025different schema filed ▲ 57.6% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by FORMETCO 71.99% View
New directorlatest change 27-05-2026 · 2 in office 1 joined View
Flemish supportawarded from 2022 to 2025 €81,502 View

By topic

Financials

Financial year: 2025
Total assets: €6.4m
Loss: -€157,609
Solvency: 26.8%

Total assets▼ 0.8%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members
Parent: FORMETCO · 71.99%

Anna RoosenDirector
Michael VandewalleDirector

Go to Board & ownership

Timeline

Events: 25
Since: 2006
Next accounts: by 31-07-2027

04-07-2024Annual accounts filed
31-12-2023Weakest financial year
27-07-2023Appointment: Michael Vandewalle (director)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of machinery and equipment not elsewhere classifiedNACE 28990
Founded: 15-12-2005
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about LET AUTOMOTIVE

What is the company number of LET AUTOMOTIVE?: 0878.248.787. In Belgium the VAT number is the company number with BE in front: BE 0878.248.787.
Where is LET AUTOMOTIVE based?: The registered office is at Vaartlaan 20, 9800 Deinze.Company details
What does LET AUTOMOTIVE do?: According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28990).
What is the legal form of LET AUTOMOTIVE?: Public limited company (NV).
When was LET AUTOMOTIVE founded?: On 15-12-2005.
Is LET AUTOMOTIVE still active?: Yes, LET AUTOMOTIVE is an active enterprise in the KBO register.
How many employees does LET AUTOMOTIVE have?: On average 18.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LET AUTOMOTIVE?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is LET AUTOMOTIVE profitable?: In financial year 2025, LET AUTOMOTIVE made a loss of €157,609.
Where can I find the annual accounts of LET AUTOMOTIVE?: LET AUTOMOTIVE filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LET AUTOMOTIVE due?: By 31-07-2027, for financial year 2026.Timeline