LETEN
ActiveSummary
LETEN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €611k and a net result of €84k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 80% of 394 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-4
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 5.23 against 4.65 in 2024; short-term debt: 18.1% and cash: 56.4% of total assets), and 20.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
79.9%
Return on assets
11%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
27 d late
2023
53 d late
2022
24 d late
2021
1 d early
2020
39 d late
2019
40 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€611k▲ 16.0%
2024 · €527k
Total assets
€765k▲ 9.3%
2024 · €700k
Net result
€84k▼ 14.6%
2024 · €98k
Working capital
€587k▲ 14.6%
2024 · €512k
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€10k▼ 82.0%€92k▲ 799%€93k▲ 0.9%€162k▲ 75.4%€116k▼ 28.6%
Net result€4k▼ 89.2%€65k▲ 1,424%€59k▼ 8.7%€98k▲ 66.8%€84k▼ 14.6%
Equity€374k▼ 1.5%€429k▲ 14.6%€473k▲ 10.3%€527k▲ 11.5%€611k▲ 16.0%
Total assets€439k▼ 15.2%€525k▲ 19.6%€612k▲ 16.5%€700k▲ 14.3%€765k▲ 9.3%
Debt€65k▼ 52.8%€97k▲ 48.4%€139k▲ 44.5%€173k▲ 24.1%€154k▼ 11.2%
Working capital€368k▼ 7.6%€410k▲ 11.4%€477k▲ 16.3%€512k▲ 7.4%€587k▲ 14.6%
Staff (FTE)3.5▼ 16.7%3.5=3.5=3.5=3.5=
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 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €765k
Fixed assets
€39k ▼ 17.6%
Current assets
€726k ▲ 11.2%
Equity and liabilities €765k
Equity
€611k ▲ 16.0%
Debt
€154k ▼ 11.2%
Debt's share of the balance-sheet total falls from 24.7% to 20.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131k▼
2024 · €177k
Cash flow
€99k▼
2024 · €113k
Current ratio
5.23▲
2024 · 4.65
Quick ratio
4.93▲
2024 · 4.43
Debt to equity
0.25▼
2024 · 0.33
ROE
13.8%▼
2024 · 18.7%
ROA
11.0%▼
2024 · 14.1%
Interest coverage
19.48▼
2024 · 36.02
Debt ≤ 1 year
€139k▼
2024 · €140k
Debt > 1 year
€13k▼
2024 · €25k
Income taxes
€37k▼
2024 · €60k
Staff costs
€211k▲
2024 · €192k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €650 | - | - | - |
| Remuneration, social security and pensions62 | €159k | €175k | €184k | €192k | €211k | ▲ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €18k | €15k | €15k | €15k | ▲ 1.1% |
| Other operating charges640/8 | €4k | €3k | €5k | €6k | €6k | ▼ 9.1% |
| Gross operating margin9900 | €198k | €288k | €296k | €376k | €347k | ▼ 7.5% |
| Operating profit (loss)9901 | €10k | €92k | €93k | €162k | €116k | ▼ 28.6% |
| Financial income75/76B | €387 | €873 | €590 | €1k | €12k | ▲ 858% |
| Recurring financial income75 | €387 | €873 | €590 | €1k | €12k | ▲ 858% |
| Financial charges65/66B | €2k | €1k | €3k | €5k | €7k | ▲ 36.6% |
| Recurring financial charges65 | €2k | €1k | €3k | €5k | €7k | ▲ 36.6% |
| Profit (loss) for the period before taxes9903 | €8k | €91k | €90k | €159k | €121k | ▼ 23.5% |
| Income taxes67/77 | €4k | €27k | €31k | €60k | €37k | ▼ 38.1% |
| Profit (loss) for the period9904 | €4k | €65k | €59k | €98k | €84k | ▼ 14.6% |
| Profit (loss) for the period to be appropriated9905 | €4k | €65k | €59k | €98k | €84k | ▼ 14.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €439k | €525k | €612k | €700k | €765k | ▲ 9.3% |
| Fixed assets21/28 | €22k | €39k | €62k | €48k | €39k | ▼ 17.6% |
| Tangible fixed assets22/27 | €21k | €32k | €54k | €40k | €32k | ▼ 20.9% |
| Plant, machinery and equipment23 | €3k | €2k | €2k | €1k | €663 | ▼ 45.7% |
| Furniture and vehicles24 | €18k | €29k | €53k | €39k | €31k | ▼ 20.2% |
| Financial fixed assets28 | €1k | €8k | €8k | €8k | €8k | = |
| Current assets29/58 | €417k | €486k | €550k | €652k | €726k | ▲ 11.2% |
| Stocks and contracts in progress3 | €23k | €37k | €35k | €30k | €42k | ▲ 40.8% |
| Stocks30/36 | €23k | €37k | €35k | €30k | €42k | ▲ 40.8% |
| Amounts receivable within one year40/41 | €278k | €275k | €312k | €410k | €237k | ▼ 42.2% |
| Trade receivables40 | €259k | €253k | €276k | €326k | €207k | ▼ 36.5% |
| Other amounts receivable41 | €19k | €22k | €36k | €84k | €30k | ▼ 64.4% |
| Cash at bank and in hand54/58 | €109k | €166k | €190k | €204k | €432k | ▲ 112% |
| Deferred charges and accrued income490/1 | €7k | €7k | €13k | €9k | €15k | ▲ 68.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €439k | €525k | €612k | €700k | €765k | ▲ 9.3% |
| Equity10/15 | €374k | €429k | €473k | €527k | €611k | ▲ 16.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €368k | €422k | €466k | €521k | €605k | ▲ 16.2% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €366k | €421k | €466k | €521k | €605k | ▲ 16.2% |
| Amounts payable17/49 | €65k | €97k | €139k | €173k | €154k | ▼ 11.2% |
| Amounts payable after more than one year17 | €3k | €20k | €36k | €25k | €13k | ▼ 49.5% |
| Financial debts170/4 | €3k | €20k | €36k | €25k | €13k | ▼ 49.5% |
| Amounts payable within one year42/48 | €49k | €76k | €73k | €140k | €139k | ▼ 1.3% |
| Current portion of amounts payable after more than one year42 | €14k | €8k | €12k | €13k | €12k | ▼ 5.0% |
| Trade debts44 | €10k | €5k | - | - | €7k | - |
| Suppliers440/4 | €10k | €5k | - | - | €7k | - |
| Taxes, remuneration and social security45 | €19k | €56k | €51k | €90k | €120k | ▲ 33.7% |
| Taxes450/3 | €3k | €36k | €25k | €61k | €67k | ▲ 8.7% |
| Remuneration and social security454/9 | €16k | €19k | €26k | €28k | €53k | ▲ 88.2% |
| Other amounts payable47/48 | €7k | €7k | €11k | €38k | - | - |
| Accrued charges and deferred income492/3 | €13k | €1k | €30k | €8k | €3k | ▼ 67.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €65k | €59k | €98k | €84k | ▼ 14.6% |
| + Depreciation and write-downs630 | €25k | €18k | €15k | €15k | €15k | ▲ 1.1% |
| Operating cash flow (approximation) | €29k | €83k | €74k | €113k | €99k | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | €-36k | €-37k | €0 | €-6k | - |
| Change in cash | - | €57k | €24k | €14k | €228k | ▲ 1,573% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €98k ▲66.8%
Operating result €162k, net result €98k, both a record.
31-12
Financial
Equity above €500kEq €527k ▲11.5%
5 profitable years in a row build equity to €527k.
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 53 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
2020
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 40 days late
2019
31-12
Financial
Weakest financial yearnet €-832
Net result drops to €-832, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Sint-Niklaas · 1 establishment unit since 1996
Ground area
776 m²
Building footprint
156 m²
Volume, LiDAR
751 m³
Parcel 46002B1261/00Y000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LETEN BVBA
since 19962.079.204.896
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002B1261/00Y000 | Flanders | 776 m² | 1 · 156 m² | 9.6 m · 2 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.
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Of 268 companies in sector 28220 we hold annual accounts for 231. 181 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
Founded18-09-1996
Fiscal year end31-12
Activities, NACEBEL 2025
28220Manufacture of machinery and equipment not elsewhere classified
43211General electrical installation work
95290Repair and maintenance of other personal and household goods
Scores and ratios are computed by Checked and are not a credit decision.