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LetsBuild Belgium SA

Active
Public limited companyfounded 2012active for 14 yearsPlace du Luxembourg 1, 1420 Braine-l'Alleud, Belgium10 active companies are registered at this addressKBO/BCE: BE 0842.720.855
Summary

LetsBuild Belgium SA has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4.2m) and a net result of €1.1m. Equity is shrinking by about 16% per year across the filed financial years. Its solvency ranks better than 9% of 1,672 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Computer programming
NACE 62100Computer consultancy and computer facilities management NACE 62200
8th largest employer in Braine-l'Alleud, Telecoms and IT sector1 site
Size
€3.9mtotal assets 2025
Staff
15.6 FTE
Equity
-€4.2m
Profit
€1.1m
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
Causeway Technologies Limited · 100%
  • Causeway Technologies LimitedDirector · permanent representative Philip BROWN
Auditor: FORVIS MAZARS REVISEURS D'ENTREPRISES SRLAccounts 23 days early
Why 55raises riskCapped at 59: negative equityNegative equity -€4.2mlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Figures for financial year 2025 (filed 08-07-2026)Profit of €1.1m (financial year 2025)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 41% of its sector peers (NACE 62, small)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -109.8% of total assets
Liquidity 7+2
short-term debt 120.7% · cash 5.3%
Profitability 100+62
return on assets 28.5%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,162 companies, NACE 62, small)
Last 24 months 11-2024: 1.3% 12-2024: 1.3%● unchanged vs 11-2024 01-2025: 1.3%● unchanged vs 12-2024 02-2025: 1.3%● unchanged vs 01-2025 03-2025: 1.5%▲ +0.2 percentage points vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.6%▲ +0.1 percentage points vs 04-2025 06-2025: 1.7%▲ +0.1 percentage points vs 05-2025 07-2025: 1.8%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 1.2%▼ -0.6 percentage points vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 0.8%▼ -0.4 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.9%▲ +0.1 percentage points vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026 08-2026: 0.5%▼ -0.5 percentage points vs 07-2026lowest value 09-2026: 0.5%● unchanged vs 08-2026lowest value 10-2026: 0.5%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.39, compared with 0.66 in 2024, below 1; short-term debt: 120.7% and cash: 5.3% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 62, small): better than 2% on solvency, 5% on liquidity, 97% on profitability and 61% on growth.

The bankruptcy probability was computed on 21-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€4.2m
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Figures for financial year 2025 (filed 08-07-2026)
NBB · annual accounts
lowers risk · Profit of €1.1m (financial year 2025)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1672 sector peers (2025).
NBB · sector comparison
Position among 1672 sector peers
Solvency
better than 9%
← weakest strongest →
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 filings
Deviation from the deadline
2025
23 days early
2024
31 days early
2023
19 days late
2022
17 days early
2021
4 days early
2020
59 days late
2019
41 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · Amendment of…Auditor report · Capital increase…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignation: Joffrey SPINETTI (day-to-day manager)Permanent representatives: Paul MADEIRA and…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€4.2m View
  • Positive: Result rose in 2025from €133,409 to €1.1m ▲ 724% View
  • Caution: Among the weakest 5% on equitysector median €431,589 · 1,672 companies -€4.2m View
  • Caution: Board changedlatest change 19-06-2026 · 1 in office 1 joined · 3 left View
  • Controlled by Causeway Technologies Limited 100% View

By topic

Financials

Financial year
2025
Total assets
€3.9m
Profit
€1.1m
Solvency
-109.8%
Total assets▼ 9.7%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
Causeway Technologies Limited · 100%
Auditor
FORVIS MAZARS REVISEURS D'ENTREPRISES…
  • Causeway Technologies LimitedDirector
Go to Board & ownership

Timeline

Events
49
Since
2012
Next accounts
by 31-07-2027
  1. 22-05-2026Reappointment: Forvis Mazars Réviseurs d'Entreprises SRL (statutory…
  2. 04-02-2026Resignations: LetsBuild Holding SA (sole director) and…
  3. 31-12-2025Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
13-01-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
“1. Le développement, la commercialisation et la distribution d'une solution informatique…” (deed in French)
Go to Articles of association

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