LETO
ActiveLETO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €16k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 779 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+9
Solvency95▲+4
Growth32=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 2.39 in 2024), and 49.4% 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 56
Relative position
BE, all sectors
reference
Sector 56
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
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
50.6%
Return on assets
7.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
58 d late
2022
31 d late
2021
78 d late
2020
83 d late
2019
83 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
06-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16k▲ 21.7%
2024 · €13k
2021: €57k
2022: €-66k
2023: €24k
2024: €13k
2021 → 2025
Working capital
€101k▼ 13.0%
2024 · €116k
2021: €84k
2022: €24k
2023: €91k
2024: €116k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€136k-€71k▼ 48.2%€95k▲ 34.1%€108k▲ 14.1%€116k▲ 6.8%
Operating result€64k-€-61k€31k€23k▼ 26.8%€24k▲ 4.0%
Net result€57k-€-66k€24k€13k▼ 44.4%€16k▲ 21.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228k
Fixed assets
€31k▼ 12.9%
Current assets
€197k▼ 1.0%
Equity and liabilities €228k
Equity
€116k▲ 6.8%
Debt
€113k▼ 11.0%
The debt ratio falls from 54.0% to 49.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€39k▼
2024 · €70k
Cash flow
€32k▼
2024 · €61k
Solvency
50.6%▲
2024 · 46.0%
Current ratio
2.04▼
2024 · 2.39
Quick ratio
1.85▼
2024 · 2.16
Debt / equity
0.98▼
2024 · 1.17
ROE
14.1%▲
2024 · 12.4%
ROA
7.1%▲
2024 · 5.7%
Interest coverage
6.76▼
2024 · 8.82
Debt
€113k▼
2024 · €127k
Debt ≤ 1 year
€97k▲
2024 · €83k
Debt > 1 year
€16k▼
2024 · €43k
Income taxes
€2k▲
2024 · €1k
Staff costs
€574k▼
2024 · €579k
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
Total assets
20/58€235k€228k▼
Fixed assets
21/28€36k€31k▼
Tangible fixed assets
22/27€36k€31k▼
Current assets
29/58€199k€197k▼
Stocks & contracts in progress
3€18k€18k=
Amounts receivable within one year
40/41€26k€15k▼
Cash & bank
54/58€54k€33k▼
Total equity & liabilities
10/49€235k€228k▼
Equity
10/15€108k€116k▲
Contributions / capital
10/11€25k€25k=
Reserves
13€83k€91k▲
Amounts payable
17/49€127k€113k▼
Amounts payable after one year
17€43k€16k▼
Amounts payable within one year
42/48€83k€97k▲
Trade debts payable within one year
44€39k€20k▼
Income statement
Code20242025
Gross operating margin
9900€654k€617k▼
Operating result
9901€23k€24k▲
Financial income
75€1€145▲
Financial charges
65€8k€6k▼
Result before taxes
9903€15k€18k▲
Income taxes
67/77€1k€2k▲
Net result for the period
9904€13k€16k▲
Result to be appropriated
9905€13k€16k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Equity above €100kEq €108k ▲14.1%
2 profitable years in a row build equity to €108k.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-66k ▼215%
Net result drops to €-66k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 83 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 62 days late
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
SMAAKSALON
BE 0848.744.357
Hasselt · Eq €116k
Njamm
BE 0649.703.525
Avelgem · Eq €116k
SHUN FENG
BE 0553.540.792
Namur · Eq €116k
ENSEMBLE
BE 0793.450.793
Jabbeke · Eq €116k
KRIKO
BE 0811.411.037
Dendermonde · Eq €116k
Of 20,236 companies in sector 56111 we hold annual accounts for 10,942. 9,103 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2005
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 12-08-2026. Scores and ratios are computed by Checked and are not a credit decision.