Equity
€777,694 ▲ 4.5%
LETHAN has made a profit in every financial year since 2019.
LETHAN
Lifetime
7 annual accounts with figures on one time axispeak €582,851 (2022)
€54,540▼ 82.2%
peak €369,172 (2022)
€33,523▼ 66.8%
peak €777,694 (2025)
€777,694▲ 4.5%
€1.7m▲ 2.3%
Board3 names since 2018
1 director
Owners2 names in the annual accounts
50% and 1 other
Documentsfilings and deeds
24-07-20267 days before the deadline
2025abbreviated format
Gross margin from €306,906 to €54,540Result from €100,966 to €33,523
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,637 companies had the same profile as LETHAN has now. Each dot stands for 5 companies, two years later.
95.4%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,637 companies, not a prediction for LETHAN. 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
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Signals
Board and ownership
Director,
- 50%score equity €2.4m (2025) · 2025 annual accounts of
- 50%score equity €676,587 (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0694929972
1 director appointed, 1 manager resigning
Change of role: , from manager to director · Resignation: (manager) · Appointment: (director) · General meeting of 07-12-2023 · Gazette deed
Incorporation
Founding capital of €500,000, 120 shares, €150,000 paid up · Founders: and · Appointments: (manager) and (manager) · published on 24-04-2018 · Gazette deed
First establishment
Ruddervoordestraat 170, Torhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LETHAN Torhout | €2.5m | €54,540 | 30.9% | - |
| LAURI INVEST Charleroi | €2.7m | €64,630 | 36.7% | - |
| MAYARD Ghent | €2.7m | €54,335 | 1.4% | - |
| DENILO GROUP Waterloo | €2.6m | €66,410 | -26.1% | - |
| Forti-7 Anderlecht | €2.2m | €63,022 | 46.8% | - |
| TROVATIMMO Saint-Josse-ten-Noode | €2.5m | €76,049 | 9.5% | - |
| AMJ Home Liège | €2.6m | €67,216 | -0.2% | - |
These companies have the same main activity as LETHAN: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €2.2m and €2.7m, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 20-04-2018Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 1 other
- Establishment unit
- 2.275.514.5858820 Torhout, since 20-04-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Annual accounts 2025
- ≈ €140,000estimated
- €2.5m▲ 3.0%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on LETHAN
LETHAN files the abbreviated format. That format states no turnover. The gross margin rose from €17,996 in 2019 to €54,540 in 2025.
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 LETHAN
- What is the company number of LETHAN?
- The company number of LETHAN is 0694.929.972. The VAT number is the same number with BE in front: BE 0694.929.972.
- Where is LETHAN based?
- The registered office is at Ruddervoordestraat 170, 8820 Torhout.Company details
- What does LETHAN do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of LETHAN?
- LETHAN is a private limited company (BV).
- When was LETHAN founded?
- LETHAN was founded on 20-04-2018.
- Is LETHAN still active?
- Yes, LETHAN is an active enterprise in the KBO register.
- What is the turnover of LETHAN?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €54,540 and 48 comparable companies (NACE 681). It probably lies between €74,000 and €340,000.Financials
- Is LETHAN profitable?
- In financial year 2025, LETHAN made a profit of €33,523.
- Where can I find the annual accounts of LETHAN?
- LETHAN filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LETHAN due?
- LETHAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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