LETI
ActiveLETI has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €23k. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-7
Solvency50▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.39 in 2024; short-term debt: 6.4% and cash: 10.1% of total assets), but 75.4% 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
24.6%
Return on assets
3.3%
Age of the figures
12 mo
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
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 24-04-2026, 6 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
6 d early
2024
6 d early
2023
34 d early
2022
34 d early
2021
2 d early
2020
15 d early
2019
34 d late
← 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
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€166k▲ 15.7%
2024 · €144k
2019: €24k
2020: €23k
2021: €39k
2022: €72k
2023: €108k
2024: €144k
2019 → 2025
Total assets
€675k▲ 47.0%
2024 · €459k
2019: €410k
2020: €399k
2021: €421k
2022: €411k
2023: €433k
2024: €459k
2019 → 2025
Net result
€23k▼ 36.1%
2024 · €35k
2019: €-896
2020: €-768
2021: €16k
2022: €33k
2023: €37k
2024: €35k
2019 → 2025
Working capital
€33k▼ 22.3%
2024 · €43k
2019: €-69k
2020: €58k
2021: €55k
2022: €43k
2023: €44k
2024: €43k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€72k▲ 83.7%€108k▲ 50.8%€144k▲ 32.5%€166k▲ 15.7%
Operating result€26k-€55k▲ 113%€58k▲ 5.3%€59k▲ 1.4%€48k▼ 19.0%
Net result€16k-€33k▲ 107%€37k▲ 11.6%€35k▼ 3.6%€23k▼ 36.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €675k
Fixed assets
€599k▲ 96.6%
Current assets
€76k▼ 50.6%
Equity and liabilities €675k
Equity
€166k▲ 15.7%
Debt
€509k▲ 61.3%
The debt ratio rises from 68.7% to 75.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77k▲
2024 · €74k
Cash flow
€51k▲
2024 · €50k
Solvency
24.6%▼
2024 · 31.3%
Current ratio
1.78▲
2024 · 1.39
Quick ratio
1.78▲
2024 · 1.39
Debt / equity
3.06▲
2024 · 2.20
ROE
13.5%▼
2024 · 24.5%
ROA
3.3%▼
2024 · 7.7%
Interest coverage
5.81▼
2024 · 6.77
Debt
€509k▲
2024 · €316k
Debt ≤ 1 year
€43k▼
2024 · €112k
Debt > 1 year
€464k▲
2024 · €202k
Income taxes
€12k▼
2024 · €13k
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€459k€675k▲
Fixed assets21/28€305k€599k▲
Intangible fixed assets21€6k€7k▲
Tangible fixed assets22/27€298k€592k▲
Land and buildings22€289k€574k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€7k
Other tangible fixed assets26€9k€8k▼
Financial fixed assets28€300€300=
Current assets29/58€155k€76k▼
Amounts receivable within one year40/41€3k€7k▲
Trade receivables40-€4k
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€152k€68k▼
Deferred charges and accrued income490/1-€795
Equity and liabilities
Total equity and liabilities10/49€459k€675k▲
Equity10/15€144k€166k▲
Contributions10/11€25k€25k=
Reserves13€119k€141k▲
Distributable reserves133€119k€141k▲
Profit (loss) carried forward14-€16
Amounts payable17/49€316k€509k▲
Amounts payable after more than one year17€202k€464k▲
Financial debts170/4€178k€456k▲
Other amounts payable178/9€24k€8k▼
Amounts payable within one year42/48€112k€43k▼
Current portion of amounts payable after more than one year42€12k€33k▲
Trade debts44€623€958▲
Suppliers440/4€623€958▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Other amounts payable47/48€93k€5k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€29k▲
Other operating charges640/8€7k€10k▲
Gross operating margin9900€81k€87k▲
Operating profit (loss)9901€59k€48k▼
Financial income75/76B€0€37▲
Recurring financial income75€0€37▲
Financial charges65/66B€11k€13k▲
Recurring financial charges65€11k€13k▲
Profit (loss) for the period before taxes9903€48k€35k▼
Income taxes67/77€13k€12k▼
Profit (loss) for the period9904€35k€23k▼
Profit (loss) for the period to be appropriated9905€35k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€23k▼
Transfer to equity691/2€35k€23k▼
To the legal reserve6920€35k€0▼
To other reserves6921-€23k
The notes to these accounts (14 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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €150kEq €166k ▲15.7%
5 profitable years in a row build equity to €166k.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2019net €37k ▲11.6%
Net result €37k, the highest in the series.
30-09
Financial
Equity above €100kEq €108k ▲50.8%
3 profitable years in a row build equity to €108k.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity times 9current ratio 4.66
Current ratio from 0.55 to 4.66; short-term debt falls from €151k to €16k.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Oostende · 3 establishment units since 2018
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.
Godtschalckstraat 28400 OostendeGround area
7.9 ha
Building footprint
1.3 ha
Volume, LiDAR
115,713 m³
3 parcels, Flanders · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
LETI
since 20182.275.408.281
Oudenburgsesteenweg 31, 8400 Oostende
since 20212.317.892.796
Marktstraat 1, 8420 De Haan
since 20252.373.177.254
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382G0267/00T000 | Flanders | 4.9 ha | 1 · 1.2 ha | 11.3 m · 3 fl. |
| 35382B0032/00M008 | Flanders | 3.0 ha | 1 · 926 m² | 21.9 m · 5 fl. |
| 35007A0011/00M023 | Flanders | 231 m² | 1 · 199 m² | 15.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TRIGIMMO
BE 0761.565.410
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IMDELAER
BE 0894.046.525
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JEROVILLE
BE 0460.687.147
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FORTUNA Group
BE 0715.732.415
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GESI
BE 0444.606.725
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Of 12,014 companies in sector 68203 we hold annual accounts for 5,981. 4,154 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-04-2018
Fiscal year end30-09
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.