Leto
ActiveLeto has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154k and a net result of €-6k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 44.15; short-term debt: 2.2% and cash: 74.6% of total assets), and 2.8% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-6k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
1 d early
2023
6 d early
2022
38 d early
2021
2 d early
2020
88 d late
2019
56 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€154k▼ 3.7%
2024 · €160k
2018: €91k
2019: €108k
2020: €124k
2021: €149k
2022: €170k
2023: €170k
2024: €160k
2018 → 2025
Total assets
€158k▼ 1.8%
2024 · €161k
2018: €116k
2019: €112k
2020: €134k
2021: €160k
2022: €182k
2023: €174k
2024: €161k
2018 → 2025
Net result
€-6k▲ 42.9%
2024 · €-10k
2018: €15k
2019: €18k
2020: €15k
2021: €25k
2022: €22k
2023: €-101
2024: €-10k
2018 → 2025
Working capital
€153k▼ 3.4%
2024 · €159k
2018: €109k
2019: €105k
2020: €119k
2021: €146k
2022: €167k
2023: €168k
2024: €159k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€170k▲ 14.5%€170k▼ 0.1%€160k▼ 6.1%€154k▼ 3.7%
Operating result€37k-€31k▼ 15.2%€2k▼ 92.5%€-11k€-8k▲ 30.2%
Net result€25k-€22k▼ 14.4%€-101€-10k▼ 10,103%€-6k▲ 42.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158k
Fixed assets
€1k▼ 32.7%
Current assets
€157k▼ 1.4%
Equity and liabilities €158k
Equity
€154k▼ 3.7%
Debt
€4k▲ 203%
The debt ratio rises from 0.9% to 2.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▲
2024 · €-10k
Cash flow
€-5k▲
2024 · €-9k
Solvency
97.2%▼
2024 · 99.1%
Current ratio
44.15
Quick ratio
44.15
Debt / equity
0.03▲
2024 · 0.01
ROE
-3.8%▲
2024 · -6.5%
ROA
-3.7%▲
2024 · -6.4%
Interest coverage
-46.63▼
2024 · -39.25
Debt
€4k▲
2024 · €1k
Debt ≤ 1 year
€4k▲
2024 · €409
Debt > 1 year
€816▼
2024 · €1k
Income taxes
€0
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€161k€158k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Land and buildings22€1k€1k▼
Plant, machinery and equipment23€942€459▼
Furniture and vehicles24-€0
Current assets29/58€159k€157k▼
Amounts receivable after more than one year29€30k€32k▲
Other amounts receivable291€30k€32k▲
Amounts receivable within one year40/41€252€7k▲
Trade receivables40-€7k
Other amounts receivable41€252€166▼
Cash at bank and in hand54/58€129k€118k▼
Equity and liabilities
Total equity and liabilities10/49€161k€158k▼
Equity10/15€160k€154k▼
Contributions10/11€12k€12k=
Reserves13€147k€142k▼
Distributable reserves133€147k€142k▼
Amounts payable17/49€1k€4k▲
Amounts payable after more than one year17€1k€816▼
Other amounts payable178/9€1k€816▼
Amounts payable within one year42/48€409€4k▲
Trade debts44€409€3k▲
Suppliers440/4€409€3k▲
Taxes, remuneration and social security45-€135
Taxes450/3-€135
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€920€709▼
Other operating charges640/8€62€62=
Gross operating margin9900€-10k€-7k▲
Operating profit (loss)9901€-11k€-8k▲
Financial income75/76B€705€2k▲
Recurring financial income75€705€2k▲
Financial charges65/66B€251€146▼
Recurring financial charges65€251€146▼
Profit (loss) for the period before taxes9903€-10k€-6k▲
Income taxes67/77-€0
Profit (loss) for the period9904€-10k€-6k▲
Profit (loss) for the period to be appropriated9905€-10k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-6k▲
Transfer from equity791/2€10k€6k▼
The notes to these accounts (4 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 388.91
Current ratio from 53.49 to 388.91; short-term debt falls from €3k to €409.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 53.49
Current ratio from 14.87 to 53.49; short-term debt falls from €12k to €3k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €170k ▲14.5%
5 profitable years in a row build equity to €170k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €25k ▲64.6%
Operating result €37k, net result €25k, both a record.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial
Equity above €100kEq €108k ▲19.3%
2 profitable years in a row build equity to €108k.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lummen · 1 establishment unit since 2011
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.
Kerkevennestraat 173560 LummenGround area
790 m²
Building footprint
126 m²
Parcel 71035A0544/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
LETO
since 20112.201.817.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71035A0544/00L000 | Flanders | 790 m² | 1 · 126 m² | - |
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.
Similar companies · same sector, comparable size
GREEN ROOF TOOLS
BE 0883.724.735
Lummen · Eq €153k
DAJOKA
BE 0465.440.048
Beringen · Eq €153k
PIERRET MARKETING & DEVELOPMENT
BE 0461.960.817
Libin · Eq €155k
DM CREATION
BE 0869.480.977
Boortmeerbeek · Eq €156k
ECO-PROJECTS
BE 0758.406.574
Bilzen-Hoeselt · Eq €157k
Of 1,137 companies in sector 46130 we hold annual accounts for 646. 513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-08-2011
Fiscal year end31-12
Activities, NACEBEL
46130Agents in the wholesale of timber and building materials
46832Wholesale of timber
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.