Losses
-€83,579 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
LETHI
Lifetime
19 annual accounts with figures on one time axis, 29 filings since 1996peak €84,530 (2020)
€48,761▲ 0.9%
lowest -€73,786 (2017)
-€30,736▲ €1,002
peak €2.2m (2022)
€2.1m▼ 1.4%
€836,992▼ 10.8%
Board3 names since 2022
3 directors and 2 others
Owners
99.6%
Documentsfilings and deeds
12-12-202550 days before the deadline
2025micro format
Loss of €30,736Cash from €68,300 to €883
Key points
from the 2025 annual accountsFilings
29 annual accounts since 1996
The last five annual accounts were filed 0 to 50 days before the end of the period.
Position in the sector
-€30,736
Lower net result than 95% of companies in office administrative support. Sector median €15,201 · 10,252 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 8,609 companies had the same profile as LETHI has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 8,609 companies, not a prediction for LETHI. 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
Managing director
Director
Director
- 99.6%score equity €4.1m (2025) · 30-09-2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0454487362
Changes of role: (director) and (director)
Legal-form conversion: from partnership limited by shares to public limited company · Director discharge: (manager) · Director discharge: (manager) · General meeting of 20-02-2024 · Gazette deed
First establishment
Magere Schorre 20, Knokke-Heist
Incorporation
published on 01-03-1995 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LETHI Knokke-Heist | €2.9m | €48,761 | 71.5% | - |
| IMPATELS Knokke-Heist | €2.2m | €67,686 | 63.3% | - |
| Ladesco Wingene | €2.0m | €51,174 | 99.0% | - |
| SAMAINVEST Kortrijk | €4.8m | €46,290 | 55.2% | 0 |
| M & W Lochristi | €3.5m | €60,785 | 98.4% | - |
| DIRK HANSSENS VERZEKERINGSADVISEURS Zemst | €2.7m | €56,270 | 93.6% | - |
| Texbel Invest Mons | €2.9m | €70,860 | 98.9% | - |
These companies have the same main activity as LETHI: other business support services (NACE 82990). They are comparable in size and age: total assets between €2m and €4.8m, founded between 1989 and 2002.
Official details
Source: KBO- Status
- Active since 06-02-1995Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.071.274.0588300 Knokke-Heist, since 20-04-1995
- Financial year end
- 30 June
- Peppol
- Reachable since 28-12-2025
Annual accounts to 30-06-2025
- ≈ €130,000estimated
- €2.9m▼ 4.3%
- Filing
- Filed on 12-12-2025, 50 days before the end of the filing period
Insights on LETHI
LETHI files the micro format. That format states no turnover. The gross margin rose from €10,542 in 2007 to €48,761 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets.
holds all the shares. In March 2024, the Official Gazette published the appointment of as managing director.
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 LETHI
- What is the company number of LETHI?
- The company number of LETHI is 0454.487.362. The VAT number is the same number with BE in front: BE 0454.487.362.
- Where is LETHI based?
- The registered office is at Magere Schorre 95B, 8300 Knokke-Heist.Company details
- What does LETHI do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of LETHI?
- LETHI is a public limited company (NV).
- When was LETHI founded?
- LETHI was founded on 06-02-1995.
- Is LETHI still active?
- Yes, LETHI is an active enterprise in the KBO register.
- What is the turnover of LETHI?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €48,761 and 41 comparable companies (NACE 82990). It probably lies between €78,000 and €160,000.Financials
- Is LETHI profitable?
- In financial year 2025, LETHI made a loss of €30,736.
- Where can I find the annual accounts of LETHI?
- LETHI filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LETHI due?
- LETHI must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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