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LETO SERVICES

Active
Private limited companyfounded 2013active for 13 yearsSpoelstraat 10, 9300 Aalst, BelgiumKBO/BCE: BE 0539.892.793

From the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of LETO SERVICES is 5.3% (elevated). The 2024 annual accounts show equity of €38,886 and a net result of €13,829. Equity has been growing by about 27% per year since 2018. Its solvency ranks better than 23% of 35,970 sector peers (NACE 43, financial year 2024). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 01-10-2013 Normal situation
Activity
Bricklaying and masonry work NACE 43910and 3 others
Establishment unit
2.222.911.089 2660 Antwerpen, since 01-10-2013
Financial year end
31 December
Peppol
Reachable since 09-12-2025

Board and ownership

Board

Financial position

38 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.3%
Annual accounts 2024
Gross margin
€87,290
▲ 107%
Turnover
≈ €440,000
estimated
Profit
€13,829
▼ 63.3%
Equity
€38,886
▲ 55.2%
Total assets
€183,269
▲ 232%
Staff
1.7 FTE
2025 accounts not filed, 93 days past the deadline
Filed on 30-10-2025PDF
Score breakdownraises riskFigures for financial year 2024 (filed on 31-10-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 91 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 1.13, cash €48,273Show the evidence

Checked score

Score 2024
38 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 48% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2023
Average
Solvency 46-24
equity 21.2% of total assets
Liquidity 40-32
short-term debt 78.8% · cash 26.3%
Profitability 78-22
return on assets 7.5%
Bankruptcy probability within 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.4%lowest value 12-2024: 0.6%▲ +0.2 percentage points vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.8%▲ +0.2 percentage points vs 04-2025 06-2025: 0.7%▼ -0.1 percentage points vs 05-2025 07-2025: 0.8%▲ +0.1 percentage points vs 06-2025 08-2025: 1.3%▲ +0.5 percentage points vs 07-2025 09-2025: 1.7%▲ +0.4 percentage points vs 08-2025 10-2025: 3.2%▲ +1.5 percentage points vs 09-2025 11-2025: 1.7%▼ -1.5 percentage points vs 10-2025 12-2025: 1.7%● unchanged vs 11-2025 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.7%● unchanged vs 02-2026 04-2026: 1.8%▲ +0.1 percentage points vs 03-2026 05-2026: 1.9%▲ +0.1 percentage points vs 04-2026 06-2026: 1.9%● unchanged vs 05-2026 07-2026: 1.9%● unchanged vs 06-2026 08-2026: 2.6%▲ +0.7 percentage points vs 07-2026 09-2026: 3.2%▲ +0.6 percentage points vs 08-2026 10-2026: 5.3%▲ +2.1 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.13 (1.2 in 2023), below the usual 1.5. Short-term debt is 78.8% and cash 26.3% of total assets. 78.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 23% of them on solvency, 29% on liquidity, 56% on profitability and 84% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed on 31-10-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 91 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 1.13, cash €48,273
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 35970 sector peers (2024).
NBB · sector comparison
Position among 35970 sector peers
Solvency
better than 23%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 91 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
91 days late
2023
30 days late
2022
25 days early
2021
17 days early
2020
31 days late
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 18 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Comparable companies

These companies have the same main activity as LETO SERVICES: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €137,000 and €243,000, founded between 2011 and 2015.

CompanyTotal assetsGross margin
LETO SERVICES Aalst€183,269€87,290
DSJ Herzele€181,461€100,447
BOUWWERKEN LELY Laarne€231,416€69,430
WES-DG Oudenaarde€136,689€93,617
BOUW EN RENOVATIE FILIP MAES Wetteren€242,850€105,544
ELASTISCHE VOEGWERKEN GOETHALS Maldegem€199,824€61,161
RED BUILDING Leopoldsburg€201,866€80,215
Full comparison

Documents

Key facts about LETO SERVICES

What is the company number of LETO SERVICES?
The company number of LETO SERVICES is 0539.892.793. The VAT number is the same number with BE in front: BE 0539.892.793.
Where is LETO SERVICES based?
The registered office is at Spoelstraat 10, 9300 Aalst.Company details
What does LETO SERVICES do?
According to the KBO register, the main activity is bricklaying and masonry work (NACE 43910).
What is the legal form of LETO SERVICES?
The legal form of LETO SERVICES is Private limited company (BV).
When was LETO SERVICES founded?
LETO SERVICES was founded on 01-10-2013.
Is LETO SERVICES still active?
Yes, LETO SERVICES is an active enterprise in the KBO register.
How many employees does LETO SERVICES have?
LETO SERVICES had an average of 1.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of LETO SERVICES?
The turnover in financial year 2024 is ≈ €440,000. This figure is estimated from the gross margin of €87,290 and 79 comparable companies (NACE 439). It probably lies between €330,000 and €780,000.
Is LETO SERVICES profitable?
In financial year 2024, LETO SERVICES made a profit of €13,829.
Where can I find the annual accounts of LETO SERVICES?
LETO SERVICES filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

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