LETEN - DEWULF
ActiveLETEN - DEWULF has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €529k and a net result of €89k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 1263 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+8
Solvency100▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 6.6 against 1.77 in 2024; short-term debt: 9.8% and cash: 24.6% of total assets), and 9.9% 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.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Sector 75
lower
← fewer bankruptcies
more bankruptcies →
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
90.1%
Return on assets
15.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-04-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
1 d early
2023
18 d early
2022
17 d early
2021
31 d early
2020
24 d early
2019
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€529k▲ 20.2%
2024 · €440k
2018: €172k
2019: €177k
2020: €209k
2021: €248k
2022: €309k
2023: €375k
2024: €440k
2018 → 2025
Total assets
€587k▼ 20.0%
2024 · €734k
2018: €613k
2019: €597k
2020: €617k
2021: €663k
2022: €668k
2023: €661k
2024: €734k
2018 → 2025
Net result
€89k▲ 37.5%
2024 · €65k
2018: €14k
2019: €5k
2020: €32k
2021: €55k
2022: €61k
2023: €66k
2024: €65k
2018 → 2025
Working capital
€323k▲ 43.1%
2024 · €226k
2018: €-79k
2019: €-32k
2020: €5k
2021: €33k
2022: €66k
2023: €151k
2024: €226k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€248k-€309k▲ 24.4%€375k▲ 21.5%€440k▲ 17.2%€529k▲ 20.2%
Operating result€84k-€98k▲ 17.2%€117k▲ 19.0%€116k▼ 0.4%€131k▲ 12.5%
Net result€55k-€61k▲ 11.1%€66k▲ 9.4%€65k▼ 2.4%€89k▲ 37.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €582k
Fixed assets
€200k▼ 3.1%
Current assets
€381k▼ 26.7%
Equity and liabilities €587k
Equity
€529k▲ 20.2%
Debt
€58k▼ 80.2%
The debt ratio falls from 40.1% to 9.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€177k▲
2024 · €163k
Cash flow
€135k▲
2024 · €111k
Solvency
90.1%▲
2024 · 59.9%
Current ratio
6.60▲
2024 · 1.77
Quick ratio
6.45▲
2024 · 1.74
Debt / equity
0.11▼
2024 · 0.67
ROE
16.8%▲
2024 · 14.7%
ROA
15.2%▲
2024 · 8.8%
Interest coverage
15.35▲
2024 · 8.21
Debt
€58k▼
2024 · €294k
Debt ≤ 1 year
€58k▼
2024 · €294k
Income taxes
€51k▲
2024 · €32k
Staff costs
€4k▼
2024 · €4k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€734k€587k▼
Formation expenses20€7k€5k▼
Fixed assets21/28€207k€200k▼
Tangible fixed assets22/27€207k€200k▼
Land and buildings22€179k€177k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€24k€21k▼
Current assets29/58€520k€381k▼
Stocks and contracts in progress3€10k€8k▼
Stocks30/36€10k€8k▼
Amounts receivable within one year40/41€52k€30k▼
Trade receivables40€47k€30k▼
Other amounts receivable41€6k€0▼
Current investments50/53€313k€192k▼
Cash at bank and in hand54/58€140k€144k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€734k€587k▼
Equity10/15€440k€529k▲
Contributions10/11€106k€106k=
Reserves13€334k€422k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€334k€422k▲
Amounts payable17/49€294k€58k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€294k€58k▼
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€27k€15k▼
Suppliers440/4€27k€15k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€7k€6k▼
Other amounts payable47/48€258k€37k▼
Accrued charges and deferred income492/3€0€400▲
Income statement
Code20242025
Non-recurring operating income76A€1k€9k▲
Remuneration, social security and pensions62€4k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€46k▼
Other operating charges640/8€4k€7k▲
Gross operating margin9900€170k€188k▲
Operating profit (loss)9901€116k€131k▲
Financial income75/76B€646€20k▲
Recurring financial income75€646€10k▲
Non-recurring financial income76B-€10k
Financial charges65/66B€20k€12k▼
Recurring financial charges65€20k€12k▼
Profit (loss) for the period before taxes9903€97k€140k▲
Income taxes67/77€32k€51k▲
Profit (loss) for the period9904€65k€89k▲
Profit (loss) for the period to be appropriated9905€65k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€89k▲
Transfer to equity691/2€65k€89k▲
To other reserves6921€65k€89k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Statutes amendment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Statutes amendment5 facts ▸
- General meeting, 2026-08-26
- Director resignation, Jan Leten (statutair bestuurder)
- Statutes amendment
- Power of attorney, Bestuursorgaan van LETEN - DEWULF
- Share concentration, alle aandelen in één hand verenigd; identiteit van de enige aandeelhouder kenbaar gemaakt
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €89k ▲37.5%
Operating result €131k, net result €89k, both a record.
30-09
Financial
Liquidity quadruplescurrent ratio 6.60
Current ratio from 1.77 to 6.60; short-term debt falls from €294k to €58k.
30-09
Financial
Equity above €500kEq €529k ▲20.2%
8 profitable years in a row build equity to €529k.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200kEq €209k ▲17.9%
3 profitable years in a row build equity to €209k.
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €5k ▼64.2%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-08-2026
Resigned as Statutair bestuurder
Location & real-estate footprint
Registered office, Ledegem · 1 establishment unit since 2001
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.
Groene Jagerstraat 158880 LedegemGround area
215 m²
Building footprint
215 m²
Volume, LiDAR
1,093 m³
Parcel 36010A0350/00P000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Groene Jagerstraat 15, 8880 Ledegem
since 20012.184.707.541
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010A0350/00P000 | Flanders | 215 m² | 1 · 215 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 to 2025 · 3 entries · 2,700 EUR awarded · 2,700 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,335 EUR | 1,335 EUR |
| 2024 | 1 | 1,335 EUR | 1,365 EUR |
| 2023 | 1 | 30 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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EquiVets Coffé & Baudhuin
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Lebbeke · Eq €522k
Of 6,078 companies in sector 75000 we hold annual accounts for 1,950. 1,319 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2001
Fiscal year end30-09
Activities, NACEBEL
75000Veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.