LETATECH
ActiveThe computed 12-month bankruptcy probability of LETATECH is 2.3% (moderate). The 2024 annual accounts show equity of €76k and a net result of €28k. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 26049 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▲+58
Solvency43=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.98 against 0.78 in 2023; short-term debt: 43.9% and cash: 0.5% of total assets), and 82.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17.8%
Return on assets
6.5%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-03-2026, 215 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
215 d late
2023
42 d late
2022
33 d early
2021
121 d late
2020
95 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€76k▲ 11.5%
2023 · €68k
2019: €149k
2020: €113k
2021: €134k
2022: €112k
2023: €68k
2019 → 2024
Total assets
€427k▲ 9.7%
2023 · €389k
2019: €204k
2020: €421k
2021: €480k
2022: €466k
2023: €389k
2019 → 2024
Net result
€28k
2023 · €-44k
2019: €137k
2020: €-37k
2021: €22k
2022: €-23k
2023: €-44k
2019 → 2024
Working capital
€-3k▲ 90.3%
2023 · €-34k
2019: €127k
2020: €18k
2021: €57k
2022: €6k
2023: €-34k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€113k-€134k▲ 19.2%€112k▼ 16.9%€68k▼ 38.9%€76k▲ 11.5%
Operating result€-2k-€25k€-21k€-37k▼ 75.7%€46k
Net result€-37k-€22k€-23k€-44k▼ 91.7%€28k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €46k after a loss of €37k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €427k
Fixed assets
€243k▼ 8.7%
Current assets
€184k▲ 49.6%
Equity and liabilities €427k
Equity
€76k▲ 11.5%
Debt
€351k▲ 9.4%
The debt ratio falls from 82.5% to 82.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71k▲
2023 · €-11k
Cash flow
€53k▲
2023 · €-18k
Solvency
17.8%▲
2023 · 17.5%
Current ratio
0.98▲
2023 · 0.78
Quick ratio
0.66▲
2023 · 0.50
Debt / equity
4.61▼
2023 · 4.70
ROE
36.6%▲
2023 · -63.7%
ROA
6.5%▲
2023 · -11.2%
Interest coverage
4.37▲
2023 · -1.21
Debt
€351k▲
2023 · €321k
Debt ≤ 1 year
€187k▲
2023 · €157k
Debt > 1 year
€163k=
2023 · €163k
Income taxes
€4k
Staff costs
€136k▲
2023 · €103k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€389k€427k▲
Formation expenses20€0-
Fixed assets21/28€266k€243k▼
Tangible fixed assets22/27€266k€243k▼
Land and buildings22€240k€226k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€5k€3k▼
Leasing and similar rights25€17k€10k▼
Current assets29/58€123k€184k▲
Stocks and contracts in progress3€45k€61k▲
Stocks30/36€45k€61k▲
Amounts receivable within one year40/41€75k€121k▲
Trade receivables40€30k€87k▲
Other amounts receivable41€45k€34k▼
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€389k€427k▲
Equity10/15€68k€76k▲
Contributions10/11€12k€12k=
Reserves13€56k€64k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€54k€62k▲
Profit (loss) carried forward14-€36
Amounts payable17/49€321k€351k▲
Amounts payable after more than one year17€163k€163k=
Financial debts170/4€163k€163k=
Amounts payable within one year42/48€157k€187k▲
Current portion of amounts payable after more than one year42€20k€1k▼
Financial debts43€59k€40k▼
Credit institutions430/8€59k€40k▼
Trade debts44€29k€94k▲
Suppliers440/4€29k€94k▲
Taxes, remuneration and social security45€49k€32k▼
Taxes450/3€14k€17k▲
Remuneration and social security454/9€35k€16k▼
Other amounts payable47/48-€20k
Accrued charges and deferred income492/3€432€294▼
Income statement
Code20232024
Non-recurring operating income76A€17k-
Remuneration, social security and pensions62€103k€136k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€25k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k-
Other operating charges640/8€4k€2k▼
Gross operating margin9900€100k€209k▲
Operating profit (loss)9901€-37k€46k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€9k€16k▲
Recurring financial charges65€9k€16k▲
Profit (loss) for the period before taxes9903€-44k€31k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-44k€28k▲
Profit (loss) for the period to be appropriated9905€-44k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€28k▲
Transfer from equity791/2€44k-
Transfer to equity691/2-€8k
To other reserves6921-€8k
Profit to be distributed694/7-€20k
Directors or managers695-€20k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 215 days late
2024
31-12
Financial
Back to profitnet €28k
Net result €28k after 2 loss-making years.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 95 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zwevegem · 2 establishment units since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zwevegemstraat(O) 508553 ZwevegemGround area
1,011 m²
Building footprint
506 m²
Volume, LiDAR
2,826 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Letamotors
since 20182.281.308.059
LetaMotors
since 20202.305.214.601
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34030A0834/00H004 | Flanders | 593 m² | 1 · 142 m² | 8.8 m · 1 fl. |
| 34013A1121/00S005 | Flanders | 417 m² | 1 · 364 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 6,880 EUR awarded · 6,880 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,880 EUR | 6,880 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 10,677 companies in sector 47811 we hold annual accounts for 5,222. 3,531 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-10-2018
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
47811Retail sale of cars and light vans (up to 3.5 tonnes)
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
45112
46180Agents specialised in the wholesale of other particular products
47210Retail sale of fruit and vegetables
47810Retail trade
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@letamotors.be
Phone:056/71.63.00