Equity
€1.3m ▲ 14.7%
LETALON has made a profit without a break since 2015.
LETALON
Lifetime
18 annual accounts with figures on one time axis, 31 filings since 1995peak €1.0m (2017)
€717,477▲ 32.0%
lowest -€18,831 (2009)
€185,851▲ 332%
peak €1.5m (2022)
€1.3m▲ 14.7%
€2.8m▼ 3.5%
peak 3.8 FTE (2022)
2.8 FTE▼ 6.7%
Board3 names since 2017
3 directorsBenny Lejeune and 2 others
Documentsfilings and deeds
28-09-202659 days late
2025financial year
Gross margin from €543,531 to €717,477Result from €43,032 to €185,851Dividend €1,386Equity from €1.2m to €1.3mCash from €31,637 to €248,451
Key points
from the 2025 annual accountsResult
€185,851 ▲ 332%
The result rose in 2025: different schema filed.
Investments
€31,691 0.2 × depreciation
Green is investment, beige is depreciation.
Staff
2 employees on 31-12-2025
In 2025, 1 person joined and 3 left.
Liquidity
2.82 was 1.83 in 2024
Short-term debts fell from €515,465 to €477,973.
Filings
31 annual accounts since 1995
Ten of the last ten came late. The 2019 accounts came latest: 119 days after the end of the period.
Checked score
94
Excellent
Financially stronger than 59% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.1 percentage points vs 08-2025
10-2025: 1.0%▲ +0.3 percentage points vs 09-2025highest value
11-2025: 0.4%▼ -0.6 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.3%▼ -0.1 percentage points vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.4 percentage points vs 07-2026
09-2026: 0.9%▲ +0.1 percentage points vs 08-2026
10-2026: 0.1%▼ -0.8 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 59 days late; 2 of the last 3 accounts late
lowers risk
Size: 2.8 FTE, total assets €4.4m
Founded in 1994
Figures for financial year 2025 (filed on 30-09-2026)
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 68, micro). It does better than 49% of them on solvency, 67% on liquidity, 49% on profitability and 71% 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as LETALON has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LETALON itself: 0.1% within 12 months.
Test of the method
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 3,984 companies, not a prediction for LETALON. 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.
Credit verdict
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.82 (1.83 in 2024), above the usual 1.5. Short-term debt is 10.8% and cash 5.6% of total assets. However, 70.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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 · 10 filingsDeviation from the deadline
2025
59 days late
2024
60 days late
2023
5 days late
2022
69 days late
2021
92 days late
2020
118 days late
2019
119 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 75 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · 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 29 September (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0452425618
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen · Merelbeke-Melle
3 directors reappointed
Daniël Lejeune (managing director), Benny Lejeune and Katleen Lejeune · General meeting of 17-05-2023 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Merelbeke-Melle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LETALON Merelbeke-Melle | €4.4m | €717,477 | 29.8% | 2.8 |
| VAN RAEMDONCK INTERIEUR Waasmunster | €5.4m | €768,548 | 24.4% | 2.8 |
| SAGEL Ixelles | €3.8m | €559,116 | 6.3% | 3.1 |
| IMMINFO Bornem | €5.0m | €679,120 | 40.9% | 2.3 |
| Mundo Matongé Ixelles | €4.8m | €810,646 | 23.4% | 3.5 |
| CARES Jemeppe-sur-Sambre | €4.8m | €841,870 | 53.5% | 3.1 |
| ma clinic Ixelles | €5.6m | €934,782 | 23.8% | 3.6 |
These companies have the same main activity as LETALON: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €3.8m and €5.6m, founded between 1983 and 2003.
Official details
Source: KBO- Status
- Active since 08-04-1994Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 5 others
- Joint committee
- 124Construction · annual accounts 2024
- Establishment unit
- 2.066.556.0969820 Merelbeke-Melle, since 26-04-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €790,000estimated
- €4.4m▲ 1.1%
- Employeeson 31-12-2025
- 2▼ 50.0%
- Filing
- Filed on 28-09-2026
Insights on LETALON
LETALON has existed since 1994. The gross margin grew from €487,772 in 2008 to €717,477 in 2025.
In June 2023, the Official Gazette published the appointment of Daniël Lejeune as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LETALON
- What is the company number of LETALON?
- The company number of LETALON is 0452.425.618. The VAT number is the same number with BE in front: BE 0452.425.618.
- Where is LETALON based?
- The registered office is at Melsenbeekstraat 8, 9820 Merelbeke-Melle.Company details
- What does LETALON do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of LETALON?
- LETALON is a public limited company (NV).
- When was LETALON founded?
- LETALON was founded on 08-04-1994.
- Is LETALON still active?
- Yes, LETALON is an active enterprise in the KBO register.
- How many employees does LETALON have?
- LETALON had an average of 2.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LETALON fall under?
- In its 2024 annual accounts, LETALON states joint committee 124 (Construction).
- What is the turnover of LETALON?
- The turnover in financial year 2025 is ≈ €790,000. This figure is estimated from the gross margin of €717,477 and 39 comparable companies (NACE 68203). It probably lies between €750,000 and €990,000.
- Is LETALON profitable?
- In financial year 2025, LETALON made a profit of €185,851.
- Where can I find the annual accounts of LETALON?
- LETALON filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LETALON due?
- LETALON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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