LETO SERVICES
ActiveLETO SERVICES has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39k and a net result of €14k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 23% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
68
/ 100
Healthy▼ -21 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency31▼-41
Growth78=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.2 in 2023), and 78.8% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.2%
Return on assets
7.5%
Age of the figures
20 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36378 sector peers (2024).
NBB · sector comparisonPosition among 36378 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Filed more than 90 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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
30 d late
2022
25 d early
2021
17 d early
2020
31 d late
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€39k▲ 55.2%
2023 · €25k
2018: €9k
2019: €9k
2020: €9k
2021: €13k
2022: €12k
2023: €25k
2018 → 2024
Total assets
€183k▲ 232%
2023 · €55k
2018: €11k
2019: €14k
2020: €12k
2021: €14k
2022: €14k
2023: €55k
2018 → 2024
Net result
€14k▼ 63.3%
2023 · €38k
2018: €6k
2019: €-467
2020: €603
2021: €4k
2022: €-754
2023: €38k
2018 → 2024
Working capital
€19k▲ 230%
2023 · €6k
2018: €9k
2019: €9k
2020: €9k
2021: €13k
2022: €12k
2023: €6k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€9k-€13k▲ 40.1%€12k▼ 5.7%€25k▲ 102%€39k▲ 55.2%
Operating result€-191-€3k€-1k€41k€19k▼ 54.3%
Net result€603-€4k▲ 524%€-754€38k€14k▼ 63.3%
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 2024; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €183k
Fixed assets
€19k▲ 1.3%
Current assets
€164k▲ 355%
Equity and liabilities €183k
Equity
€39k▲ 55.2%
Debt
€144k▲ 379%
The debt ratio rises from 54.6% to 78.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€21k▼
2023 · €42k
Cash flow
€16k▼
2023 · €38k
Solvency
21.2%▼
2023 · 45.4%
Current ratio
1.13▼
2023 · 1.20
Quick ratio
1.13▼
2023 · 1.20
Debt / equity
3.71▲
2023 · 1.20
ROE
35.6%▼
2023 · 150.2%
ROA
7.5%▼
2023 · 68.2%
Interest coverage
851.46▲
2023 · 469.09
Debt
€144k▲
2023 · €30k
Debt ≤ 1 year
€144k▲
2023 · €30k
Income taxes
€6k▲
2023 · €3k
Staff costs
€65k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€55k€183k▲
Fixed assets21/28€19k€19k▲
Intangible fixed assets21€19k€17k▼
Tangible fixed assets22/27-€2k
Plant, machinery and equipment23-€2k
Financial fixed assets28-€165
Current assets29/58€36k€164k▲
Amounts receivable within one year40/41€14k€116k▲
Trade receivables40€2k€93k▲
Other amounts receivable41€12k€23k▲
Cash at bank and in hand54/58€22k€48k▲
Equity and liabilities
Total equity and liabilities10/49€55k€183k▲
Equity10/15€25k€39k▲
Contributions10/11€12k€12k=
Outside capital11€12k-
Other1109/19€12k-
Profit (loss) carried forward14€13k€27k▲
Amounts payable17/49€30k€144k▲
Amounts payable within one year42/48€30k€144k▲
Trade debts44€1k€58k▲
Suppliers440/4€1k€58k▲
Advances received on contracts in progress46-€394
Taxes, remuneration and social security45€4k€61k▲
Taxes450/3€3k€13k▲
Remuneration and social security454/9€630€48k▲
Other amounts payable47/48€25k€25k=
Income statement
Code20232024
Remuneration, social security and pensions62-€65k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€844€2k▲
Other operating charges640/8€369€2k▲
Gross operating margin9900€42k€87k▲
Operating profit (loss)9901€41k€19k▼
Financial income75/76B€288€825▲
Recurring financial income75€288€825▲
Financial charges65/66B€89€24▼
Recurring financial charges65€89€24▼
Profit (loss) for the period before taxes9903€41k€20k▼
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€38k€14k▼
Profit (loss) for the period to be appropriated9905€38k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€27k▼
Profit (loss) brought forward from the previous period14P€753€13k▲
Profit to be distributed694/7€25k-
Directors or managers695€25k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-754 ▼120%
Net result drops to €-754, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 11.80
Current ratio from 4.53 to 11.80; short-term debt falls from €3k to €1k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €603
Net result €603 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Aalst · 1 establishment unit since 2013
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.
Spoelstraat 109300 AalstGround area
431 m²
Building footprint
183 m²
Volume, LiDAR
1,046 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Leto Services
since 20132.222.911.089
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0121/00P010 | Flanders | 245 m² | 1 · 87 m² | 8.3 m · 2 fl. |
| 41303E0441/00N000 | Flanders | 186 m² | 1 · 96 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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
BOSMANS VOEGWERKEN
BE 0764.680.989
Bree · Eq €39k
Toitures HAYEZ Joffrey
BE 0824.115.265
Hotton · Eq €39k
TOITURE TOURNAISIENNE
BE 0750.943.217
Tournai · Eq €39k
BDH TOITURE
BE 0759.397.162
Overijse · Eq €39k
DAKWERKEN RONALD
BE 0436.790.208
Geraardsbergen · Eq €39k
Of 11,048 companies in sector 43910 we hold annual accounts for 5,438. 4,509 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2013
Fiscal year end31-12
Activities, NACEBEL
43910Bricklaying and masonry work
43994Specialised construction activities
41003General construction of other non-residential buildings
43110Demolition
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.