LETH
ActiveLETH has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €6k and a net result of €-5k. Equity is shrinking by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 346 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability1▼-72
Solvency42▼-4
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.98 against 0.52 in 2025; short-term debt: 76.4% and cash: 25.9% of total assets), and 83.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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 2026Solvency, return and age of the figures
Solvency
16.9%
Return on assets
-15.6%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 346 sector peers (2026).
NBB · sector comparisonPosition among 346 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
47 d early
2025
32 d early
2024
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€6k▼ 48.0%
2025 · €11k
2024: €9k
2025: €11k
2024 → 2026
Total assets
€34k▼ 34.1%
2025 · €52k
2024: €65k
2025: €52k
2024 → 2026
Net result
€-5k
2025 · €2k
2024: €6k
2025: €2k
2024 → 2026
Working capital
€-578▲ 95.5%
2025 · €-13k
2024: €-9k
2025: €-13k
2024 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202420252026Trend
Equity€9k-€11k▲ 18.9%€6k▼ 48.0%
Operating result€12k-€5k▼ 58.3%€-3k
Net result€6k-€2k▼ 72.2%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €3k after €5k in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €34k
Fixed assets
€9k▼ 77.4%
Current assets
€26k▲ 86.5%
Equity and liabilities €34k
Equity
€6k▼ 48.0%
Debt
€29k▼ 30.3%
The debt ratio rises from 78.6% to 83.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€434▼
2025 · €22k
Cash flow
€-2k▼
2025 · €19k
Solvency
16.9%▼
2025 · 21.4%
Current ratio
0.98▲
2025 · 0.52
Quick ratio
0.98▲
2025 · 0.52
Debt / equity
4.92▲
2025 · 3.67
ROE
-92.4%▼
2025 · 15.9%
ROA
-15.6%▼
2025 · 3.4%
Interest coverage
0.18▼
2025 · 14.93
Debt
€29k▼
2025 · €41k
Debt ≤ 1 year
€26k▼
2025 · €27k
Income taxes
€274▼
2025 · €2k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€52k€34k▼
Fixed assets21/28€38k€9k▼
Tangible fixed assets22/27€38k€9k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€6k€4k▼
Leasing and similar rights25€28k-
Current assets29/58€14k€26k▲
Amounts receivable within one year40/41€9k€15k▲
Trade receivables40€9k€15k▲
Cash at bank and in hand54/58€3k€9k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€52k€34k▼
Equity10/15€11k€6k▼
Contributions10/11€3k€3k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14-€-5k
Amounts payable17/49€41k€29k▼
Amounts payable after more than one year17€11k-
Financial debts170/4€11k-
Amounts payable within one year42/48€27k€26k▼
Current portion of amounts payable after more than one year42€13k€11k▼
Trade debts44€2k€10k▲
Suppliers440/4€2k€10k▲
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€5k€3k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€4k€329▼
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20252026
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€3k▼
Other operating charges640/8€609€680▲
Gross operating margin9900€22k€1k▼
Operating profit (loss)9901€5k€-3k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€4k€-5k▼
Income taxes67/77€2k€274▼
Profit (loss) for the period9904€2k€-5k▼
Profit (loss) for the period to be appropriated9905€2k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-5k▼
Transfer to equity691/2€2k-
To other reserves6921€2k-
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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Weakest financial yearnet €-5k ▼402%
Net result drops to €-5k, the lowest in the series.
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
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, Tessenderlo-Ham · 1 establishment unit since 2023
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.
Gerhagenstraat (C) 1323980 Tessenderlo-HamGround area
1,556 m²
Building footprint
327 m²
Volume, LiDAR
1,176 m³
Parcel 71364E1751/00C000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LETH
since 20232.340.915.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71364E1751/00C000 | Flanders | 1,556 m² | 1 · 327 m² | 6.5 m · 1 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 · 1 entry · 1,388 EUR awarded · 1,388 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,388 EUR | 1,388 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 17,034 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-01-2023
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.