LETOILE
ActiveLETOILE has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.45M) and a net result of €-679k. Equity is shrinking by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 4537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
7
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.3 in 2024), and equity is negative.
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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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 · 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 2025Solvency, return and age of the figures
Solvency
-196.4%
Return on assets
-91.8%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.5M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
2 d early
2023
30 d late
2022
28 d late
2021
29 d late
2020
30 d late
2019
90 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-1.45M▼ 87.7%
2024 · €-775k
2018: €915k
2019: €703k
2020: €189k
2021: €155k
2022: €-88k
2023: €-583k
2024: €-775k
2018 → 2025
Total assets
€740k▼ 29.0%
2024 · €1.04M
2018: €945k
2019: €2.09M
2020: €1.76M
2021: €2.08M
2022: €1.65M
2023: €1.15M
2024: €1.04M
2018 → 2025
Net result
€-679k▼ 254%
2024 · €-192k
2018: €-7k
2019: €-212k
2020: €-514k
2021: €-34k
2022: €-243k
2023: €-495k
2024: €-192k
2018 → 2025
Working capital
€-1.87M▼ 47.1%
2024 · €-1.27M
2018: €603k
2019: €-189k
2020: €-862k
2021: €-647k
2022: €-775k
2023: €-1.18M
2024: €-1.27M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€155k-€-88k€-583k▼ 562%€-775k▼ 32.9%€-1.45M▼ 87.7%
Operating result€-30k-€-239k▼ 690%€-494k▼ 107%€-191k▲ 61.3%€-679k▼ 255%
Net result€-34k-€-243k▼ 618%€-495k▼ 104%€-192k▲ 61.2%€-679k▼ 254%
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 €679k in 2025 against €191k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €740k
Fixed assets
€412k▼ 16.6%
Current assets
€328k▼ 40.2%
Key figures and ratios
EBITDA
€-589k▼
2024 · €-92k
Cash flow
€-589k▼
2024 · €-92k
Solvency
-196.4%▼
2024 · -74.3%
Current ratio
0.15▼
2024 · 0.30
Quick ratio
0.01▼
2024 · 0.05
Debt / equity
-1.51▲
2024 · -2.35
ROE
46.7%▲
2024 · 24.8%
ROA
-91.8%▼
2024 · -18.4%
Interest coverage
-2753.53▼
2024 · -173.29
Debt
€2.19M▲
2024 · €1.82M
Debt ≤ 1 year
€2.19M▲
2024 · €1.82M
Income taxes
€163▲
2024 · €159
Staff costs
€92k▲
2024 · €58k
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€1.04M€740k▼
Fixed assets21/28€494k€412k▼
Tangible fixed assets22/27€494k€412k▼
Land and buildings22€220k€181k▼
Plant, machinery and equipment23€112k€82k▼
Furniture and vehicles24€162k€149k▼
Current assets29/58€549k€328k▼
Stocks and contracts in progress3€458k€296k▼
Stocks30/36€458k€296k▼
Amounts receivable within one year40/41€12k€13k▲
Trade receivables40-€637
Other amounts receivable41€12k€13k▲
Cash at bank and in hand54/58€79k€15k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€1.04M€740k▼
Equity10/15€-775k€-1.45M▼
Contributions10/11€798k€798k=
Reserves13€125k€125k=
Non-distributable reserves130/1€12k€12k=
Reserves not available under the articles1311€12k€12k=
Distributable reserves133€113k€113k=
Profit (loss) carried forward14€-1.70M€-2.38M▼
Amounts payable17/49€1.82M€2.19M▲
Amounts payable within one year42/48€1.82M€2.19M▲
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45€159€163▲
Taxes450/3€159€163▲
Other amounts payable47/48€1.81M€2.19M▲
Income statement
Code20242025
Remuneration, social security and pensions62€58k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€90k▼
Other operating charges640/8€9k€10k▲
Gross operating margin9900€-25k€-487k▼
Operating profit (loss)9901€-191k€-679k▼
Financial income75/76B€11€157▲
Recurring financial income75€11€157▲
Financial charges65/66B€529€214▼
Recurring financial charges65€529€214▼
Profit (loss) for the period before taxes9903€-192k€-679k▼
Income taxes67/77€159€163▲
Profit (loss) for the period9904€-192k€-679k▼
Profit (loss) for the period to be appropriated9905€-192k€-679k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.70M€-2.38M▼
Profit (loss) brought forward from the previous period14P€-1.51M€-1.70M▼
The notes to these accounts (7 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-679k
Net result drops to €-679k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Maasmechelen · 1 establishment unit since 2003
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.
St-Pietersstraat(L) 1143630 MaasmechelenGround area
1.0 ha
Building footprint
2,944 m²
Volume, LiDAR
15,918 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LETOILE
since 20032.294.705.541
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71067B1026/00X002 | Flanders | 9,170 m² | 1 · 2,725 m² | 7.3 m · 2 fl. |
| 73045B0011/00M000 | Flanders | 855 m² | 1 · 218 m² | 8.9 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
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C&L real estate
BE 0790.550.691
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De Meersman F & V
BE 0599.985.580
Gent · Eq €153k
HARAS DE L'AUBE
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Of 1,946 companies in sector 01430 we hold annual accounts for 739. 545 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-1985
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
96993Pet care services, excluding veterinary services
46231Wholesale of live animals
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.