Letswatt
The computed 12-month bankruptcy probability of Letswatt is 1.1% (low). The 2024 annual accounts show equity of €83k and a net result of €-12k. Its solvency ranks better than 55% of 46 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €83k |
| Net result | €-12k |
| Better than sector | 55% |
| Active | 3 yrs |
Fragile profile — watch profitability in particular.
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 23.5% | 19.5% | |
| Net result | €-12k | €-7k | |
| Equity | €83k | €24k | |
| Gross operating margin | €-13k | €-1k | |
| Total assets | €354k | €357k |
| Fiscal year | 2024 |
|---|---|
| Revenue | — |
| EBITDA | €-14k |
| Net profit | €-12k |
| Cash flow | €-11k |
| Staff costs | — |
| Income taxes | — |
| Dividends | — |
| Total assets | €354k |
| Equity | €83k |
| Debt | €271k |
| of which ≤ 1y | €49k |
| of which > 1y | €222k |
| Working capital | €301k |
| Employees (FTE) | — |
| 2024 | |
|---|---|
| Current ratio | 7.09 |
| Quick ratio | 0.93 |
| Working capital ratio | 85.0% |
| Solvency | 23.5% |
| Debt / equity | 3.26 |
| Long-term debt ratio | 2.67 |
| Interest coverage | -104.86 |
| Gross margin | — |
| Net margin | — |
| ROA | -3.5% |
| ROE | -14.8% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €354k |
| Fixed assets | 21/28 | €3k |
| Formation expenses | 20 | €910 |
| Tangible fixed assets | 22/27 | €3k |
| Current assets | 29/58 | €351k |
| Stocks & contracts in progress | 3 | €305k |
| Amounts receivable within one year | 40/41 | €2k |
| Cash & bank | 54/58 | €44k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €354k |
| Equity | 10/15 | €83k |
| Contributions / capital | 10/11 | €100k |
| Accumulated profits (losses) | 14 | €-17k |
| Amounts payable | 17/49 | €271k |
| Amounts payable after one year | 17 | €222k |
| Amounts payable within one year | 42/48 | €49k |
| Trade debts payable within one year | 44 | €45k |
| Income statement | ||
| Gross operating margin | 9900 | €-13k |
| Operating result | 9901 | €-15k |
| Financial income | 75 | €3k |
| Financial charges | 65 | €129 |
| Result before taxes | 9903 | €-12k |
| Net result for the period | 9904 | €-12k |
| Result to be appropriated | 9905 | €-12k |
| NACE primary | 35110 |
| Legal form | Private limited company(610) |
| Incorporation | 23-01-2023 |
| Status | Active |
| Postal code | 3581 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005C0981/00L004 | Flanders | 784 m² | 1 · 292 m² | 7.7 m · 2 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
30-05-2024 1 director appointed, 1 resigning
- Ceprayil OZTURK — Bestuurder
- Mustafa Enes AYDOGAN — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Mustafa Enes AYDOGAN",
"address": "Antwerpsesteenweg 15-3970 Leopoldsburg",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De heer Mustafa Enes AYDOGAN, wonende te Antwerpsesteenweg 15-3970 Leopoldsburg, vanaf heden te ontslaan als bestuurder. Er wordt d\u00E9charge verleend over de periode actief als bestuurder.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ceprayil OZTURK",
"address": "Sint-Petrusstraat 40 - 3580 Beringen",
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"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
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"compensated": null,
"effective_date": null,
"evidence_quote": "Ceprayil OZTURK, wonende te Sint-Petrusstraat 40 - 3580 Beringen vanaf heden aan te stellen ais bestuurder.",
"decharge_status": null,
"mandate_duration": null,
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"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2024-05-21",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2024-04-01",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0797.475.404",
"name_full": "Letswatt",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"Bijlagen-bij-het Belgiseh-Staatsblad---30/05/2024---Annexes du Moniteur belge"
],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Letswatt |