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Let’s Speak Academy

Active
Private limited companyfounded 2024active for 2 yearsLombardsijdelaan 108, 8434 Middelkerke, BelgiumKBO/BCE: BE 1010.838.087
Summary

Let’s Speak Academy has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€30,554) and a net result of -€31,554. Its solvency ranks better than 5% of 20,678 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

Source: KBO
Status
Active since 27-06-2024 Normal situation
Activity
Physiotherapy NACE 86951and 2 others
Establishment units
2.361.268.228 8434 Middelkerke, since 27-06-2024
2.376.793.572 8620 Nieuwpoort, since 01-04-2025
Financial year end
31 December
Peppol
Reachable since 14-03-2026

Board and ownership

Board

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
-€16,423
Loss
€31,554
Equity
-€30,554
Total assets
€101,944
  • Negative equity on 31-12-2025
  • 2025 accounts filed 76 days after the deadline
Turnover not published (micro format)
Filed on 15-10-2026
Score breakdownraises riskCapped at 59: negative equityLast filed accounts filed 76 days late; 1 of the last 3 accounts lateNegative equity -€30,554lowers riskSector: Human health activities (NACE 86)Size: total assets €101,944Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 1% of micro companies in human health (NACE 86)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency 0
equity -30.0% of total assets
Liquidity 3
short-term debt 112.5% · cash 2.3%
Profitability 0
return on assets -31.0%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (24,160 companies, NACE 86, micro)
Last 24 months 07-2025: 0.4%lowest value 08-2025: 0.4%● unchanged vs 07-2025lowest value 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.5%▲ +0.1 percentage points vs 02-2026 04-2026: 0.4%▼ -0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.7%▲ +0.2 percentage points vs 09-2026highest value 11-2026: 0.7%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.81, below 1. Short-term debt is 112.5% and cash 2.3% of total assets. Equity is negative.
Calculation

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 86, micro). It does better than 1% of them on solvency, 1% on liquidity and 1% on profitability.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
lowers risk · Sector: Human health activities (NACE 86)
KBO
raises risk · Last filed accounts filed 76 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Negative equity -€30,554
NBB · annual accounts
lowers risk · Size: total assets €101,944
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
76 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€30,554 View
  • Caution: Lower solvency than 95% of companies in human healthsector median 63.0% · 20,678 companies -30.0% View

Recent changes

  1. · Gazette deed IncorporationStarting capital €1,000 · Appointment: RUBBRECHT Karen Odilla Paul (director)
All 2 events

Comparable companies

These companies have the same main activity as Let’s Speak Academy: physiotherapy (NACE 86951). They are comparable in size and age: total assets between €61,500 and €96,700, founded between 2022 and 2025.

CompanyTotal assetsGross margin
Let’s Speak Academy Middelkerke€101,944-€16,423
Tim Buytaert kinésithérapie Rixensart€83,905-€10,846
Kinesitherapie Hanne Calleeuw Middelkerke€96,699-€12,065
Pelvie Nazareth-De Pinte€87,664-€16,480
ReLab Genk€66,273-€30,171
Kiné & Osteo Billet Zoersel€69,610-€2,277
Therapiepraktijk Lagom Geel€61,458-€4,986
Full comparison

Key facts about Let’s Speak Academy

What is the company number of Let’s Speak Academy?
The company number of Let’s Speak Academy is 1010.838.087. The VAT number is the same number with BE in front: BE 1010.838.087.
Where is Let’s Speak Academy based?
The registered office is at Lombardsijdelaan 108, 8434 Middelkerke.Company details
What does Let’s Speak Academy do?
According to the KBO register, the main activity is physiotherapy (NACE 86951).
What is the legal form of Let’s Speak Academy?
The legal form of Let’s Speak Academy is Private limited company (BV).
When was Let’s Speak Academy founded?
Let’s Speak Academy was founded on 27-06-2024.
Is Let’s Speak Academy still active?
Yes, Let’s Speak Academy is an active enterprise in the KBO register.
What is the turnover of Let’s Speak Academy?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is Let’s Speak Academy profitable?
In financial year 2025, Let’s Speak Academy made a loss of €31,554.
Where can I find the annual accounts of Let’s Speak Academy?
Let’s Speak Academy filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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