LETAGE
ActiveSummary
The computed 12-month bankruptcy probability of LETAGE is 2.5% (moderate). The 2025 annual accounts show equity of €281,677 and a net result of €241,676. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 3757 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency94▲+57
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.43 against 0.89 in 2024; short-term debt: 31.3% and cash: 62.2% of total assets), and 31.3% of the assets are financed with debt.
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Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
68.7%
Return on assets
58.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €281,677
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
28 d late
2024
41 d late
2023
14 d early
2022
30 d late
2021
11 d early
2020
39 d early
2019
91 d late
← 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 18 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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, abbreviated schema
Equity
€281,677▲ 395%
2024 · €56,896
Total assets
€410,033▼ 12.5%
2024 · €468,509
Net result
€241,676▼ 7.3%
2024 · €260,698
Working capital
€183,262
2024 · -€45,128
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
Operating result€244,127▲ 169%€286,064▲ 17.2%€291,828▲ 2.0%€341,713▲ 17.1%€317,275▼ 7.2%
Net result€195,398▲ 160%€215,306▲ 10.2%€221,320▲ 2.8%€260,698▲ 17.8%€241,676▼ 7.3%
Equity€454,572▲ 75.4%€69,878▼ 84.6%€71,197▲ 1.9%€56,896▼ 20.1%€281,677▲ 395%
Total assets€579,764▲ 66.2%€800,329▲ 38.0%€402,146▼ 49.8%€468,509▲ 16.5%€410,033▼ 12.5%
Debt€125,192▲ 39.6%€730,451▲ 483%€330,948▼ 54.7%€411,614▲ 24.4%€128,356▼ 68.8%
Working capital€436,276▲ 95.9%€58,723▼ 86.5%€47,280▼ 19.5%-€45,128€183,262
Staff (FTE)6.3▲ 117%8.3▲ 31.7%7.1▼ 14.5%4.5▼ 36.6%4.5=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €410,033
Fixed assets
€98,415 ▼ 3.5%
Current assets
€311,618 ▼ 15.0%
Equity and liabilities €410,033
Equity
€281,677 ▲ 395%
Debt
€128,356 ▼ 68.8%
Debt's share of the balance-sheet total falls from 87.9% to 31.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€346,821▼
2024 · €362,346
Cash flow
€271,223▼
2024 · €281,331
Current ratio
2.43▲
2024 · 0.89
Quick ratio
2.25▲
2024 · 0.84
Debt to equity
0.46▼
2024 · 7.23
ROE
85.8%▼
2024 · 458.2%
ROA
58.9%▲
2024 · 55.6%
Interest coverage
229.08▼
2024 · 260.11
Debt ≤ 1 year
€128,356▼
2024 · €411,614
Income taxes
€74,180▼
2024 · €79,622
Staff costs
€153,663▲
2024 · €141,183
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,964 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €51,379 | €96,317 | €118,471 | €141,183 | €153,663 | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,198 | €15,515 | €5,562 | €20,633 | €29,546 | ▲ 43.2% |
| Other operating charges640/8 | €1,844 | €2,742 | €2,935 | €4,726 | €3,877 | ▼ 18.0% |
| Gross operating margin9900 | €316,547 | €400,638 | €418,796 | €508,254 | €504,361 | ▼ 0.8% |
| Operating profit (loss)9901 | €244,127 | €286,064 | €291,828 | €341,713 | €317,275 | ▼ 7.2% |
| Financial income75/76B | €0 | €19 | €468 | €1 | €96 | ▲ 19,120% |
| Recurring financial income75 | €0 | €19 | €468 | €1 | €96 | ▲ 19,120% |
| Financial charges65/66B | €3,116 | €4,765 | €3,671 | €1,393 | €1,514 | ▲ 8.7% |
| Recurring financial charges65 | €3,116 | €4,765 | €3,671 | €1,393 | €1,514 | ▲ 8.7% |
| Profit (loss) for the period before taxes9903 | €241,011 | €281,317 | €288,625 | €340,320 | €315,857 | ▼ 7.2% |
| Income taxes67/77 | €45,613 | €66,011 | €67,306 | €79,622 | €74,180 | ▼ 6.8% |
| Profit (loss) for the period9904 | €195,398 | €215,306 | €221,320 | €260,698 | €241,676 | ▼ 7.3% |
| Profit (loss) for the period to be appropriated9905 | €195,398 | €215,306 | €221,320 | €260,698 | €241,676 | ▼ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €579,764 | €800,329 | €402,146 | €468,509 | €410,033 | ▼ 12.5% |
| Fixed assets21/28 | €18,296 | €11,155 | €23,917 | €102,023 | €98,415 | ▼ 3.5% |
| Tangible fixed assets22/27 | €18,296 | €11,155 | €23,917 | €102,023 | €98,415 | ▼ 3.5% |
| Plant, machinery and equipment23 | €10,115 | €7,058 | €13,748 | €10,166 | €6,699 | ▼ 34.1% |
| Furniture and vehicles24 | €6,040 | €2,585 | €9,286 | €54,329 | €61,751 | ▲ 13.7% |
| Other tangible fixed assets26 | €2,140 | €1,512 | €884 | €37,529 | €29,965 | ▼ 20.2% |
| Current assets29/58 | €561,468 | €789,174 | €378,229 | €366,486 | €311,618 | ▼ 15.0% |
| Stocks and contracts in progress3 | €16,238 | €18,087 | €20,920 | €21,962 | €22,928 | ▲ 4.4% |
| Stocks30/36 | €16,238 | €18,087 | €20,920 | €21,962 | €22,928 | ▲ 4.4% |
| Amounts receivable within one year40/41 | €5,768 | €4,098 | €12,529 | €33,167 | €30,218 | ▼ 8.9% |
| Trade receivables40 | €2,355 | €249 | €0 | - | €18,343 | - |
| Other amounts receivable41 | €3,413 | €3,849 | €12,529 | €33,167 | €11,875 | ▼ 64.2% |
| Cash at bank and in hand54/58 | €536,973 | €762,507 | €341,742 | €305,032 | €254,839 | ▼ 16.5% |
| Deferred charges and accrued income490/1 | €2,490 | €4,482 | €3,038 | €6,326 | €3,634 | ▼ 42.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €579,764 | €800,329 | €402,146 | €468,509 | €410,033 | ▼ 12.5% |
| Equity10/15 | €454,572 | €69,878 | €71,197 | €56,896 | €281,677 | ▲ 395% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €414,572 | €29,878 | €31,197 | €16,896 | €241,677 | ▲ 1,330% |
| Distributable reserves133 | €414,572 | €29,878 | €31,197 | €16,896 | €241,677 | ▲ 1,330% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €125,192 | €730,451 | €330,948 | €411,614 | €128,356 | ▼ 68.8% |
| Amounts payable within one year42/48 | €125,192 | €730,451 | €330,948 | €411,614 | €128,356 | ▼ 68.8% |
| Trade debts44 | €26,502 | €45,231 | €53,047 | €48,804 | €38,601 | ▼ 20.9% |
| Suppliers440/4 | €26,502 | €45,231 | €53,047 | €48,804 | €38,601 | ▼ 20.9% |
| Taxes, remuneration and social security45 | €76,581 | €69,922 | €46,287 | €78,038 | €65,856 | ▼ 15.6% |
| Taxes450/3 | €68,197 | €56,402 | €30,483 | €60,312 | €48,187 | ▼ 20.1% |
| Remuneration and social security454/9 | €8,385 | €13,520 | €15,804 | €17,726 | €17,669 | ▼ 0.3% |
| Other amounts payable47/48 | €22,108 | €615,298 | €231,615 | €284,772 | €23,899 | ▼ 91.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €195,398 | €215,306 | €221,320 | €260,698 | €241,676 | ▼ 7.3% |
| + Depreciation and write-downs630 | €19,198 | €15,515 | €5,562 | €20,633 | €29,546 | ▲ 43.2% |
| Operating cash flow (approximation) | €214,595 | €230,821 | €226,881 | €281,331 | €271,223 | ▼ 3.6% |
| Investment in fixed assets (approximation) | - | -€8,374 | -€18,324 | -€98,739 | -€25,939 | ▲ 73.7% |
| Change in cash | - | €225,534 | -€420,765 | -€36,710 | -€50,193 | ▼ 36.7% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 2.43
Current ratio from 0.89 to 2.43; short-term debt falls from €411,614 to €128,356.
31-12
Financial
Equity above €200,000Eq €281,677 ▲395%
7 profitable years in a row build equity to €281,677.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 41 days late
2024
31-12
Financial
Highest result since 2019net €260,698 ▲17.8%
Operating result €341,713, net result €260,698, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €75,175 ▼47.8%
Net result drops to €75,175, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €259,174 ▲40.9%
2 profitable years in a row build equity to €259,174.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Oudenaarde · 1 establishment unit since 2018
Ground area
207 m²
Building footprint
110 m²
Volume, LiDAR
1,421 m³
Parcel 45035B0408/00D000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LETAGE
since 20182.282.737.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0408/00D000 | Flanders | 207 m² | 1 · 110 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudenaarde2.282.737.028
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 2,708 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56210Event catering
56220Contract catering and other food service activities
82100Office administrative and support services
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0715625121
Also
9925:BE0715625121
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.