LetterLust
ActiveLetterLust has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9k and a net result of €321. Equity is shrinking by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 1236 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
94
/ 100
Excellent▲ +34 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▲+18
Solvency100=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.59 against 3.38 in 2023), and 24.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
75.1%
Return on assets
2.7%
Age of the figures
20 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
30 d early
2022
45 d early
2021
11 d early
2020
33 d early
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€9k▲ 3.7%
2023 · €9k
2018: €15k
2019: €13k
2020: €13k
2021: €16k
2022: €11k
2023: €9k
2018 → 2024
Total assets
€12k▲ 0.2%
2023 · €12k
2018: €30k
2019: €24k
2020: €21k
2021: €23k
2022: €15k
2023: €12k
2018 → 2024
Net result
€321
2023 · €-3k
2018: €213
2019: €-2k
2020: €196
2021: €3k
2022: €-5k
2023: €-3k
2018 → 2024
Working capital
€5k▼ 1.9%
2023 · €5k
2018: €5k
2019: €6k
2020: €11k
2021: €13k
2022: €5k
2023: €5k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13k-€16k▲ 23.4%€11k▼ 29.2%€9k▼ 23.3%€9k▲ 3.7%
Operating result€2k-€5k▲ 203%€-4k€-2k▲ 46.3%€725
Net result€196-€3k▲ 1,455%€-5k€-3k▲ 43.6%€321
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €725 after a loss of €2k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12k
Fixed assets
€4k▼ 16.5%
Current assets
€8k▲ 12.5%
Equity and liabilities €12k
Equity
€9k▲ 3.7%
Debt
€3k▼ 9.1%
The debt ratio falls from 27.4% to 24.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€2k▲
2023 · €-1k
Cash flow
€1k▲
2023 · €-2k
Solvency
75.1%▲
2023 · 72.6%
Current ratio
2.59▼
2023 · 3.38
Quick ratio
2.59▼
2023 · 3.38
Debt / equity
0.33▼
2023 · 0.38
ROE
3.5%▲
2023 · -30.3%
ROA
2.7%▲
2023 · -22.0%
Interest coverage
6.83▲
2023 · -7.60
Debt
€3k▼
2023 · €3k
Debt ≤ 1 year
€3k▲
2023 · €2k
Income taxes
€174▲
2023 · €164
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€12k€12k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€1k€750▼
Financial fixed assets28€150€150=
Current assets29/58€7k€8k▲
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40€2k€1k▼
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€12k€12k▲
Equity10/15€9k€9k▲
Contributions10/11€12k€12k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-7k€-7k▲
Amounts payable17/49€3k€3k▼
Amounts payable within one year42/48€2k€3k▲
Trade debts44€1k€0▼
Suppliers440/4€1k€0▼
Taxes, remuneration and social security45€343€794▲
Taxes450/3€343€794▲
Other amounts payable47/48€596€2k▲
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€847▼
Other operating charges640/8€773€603▼
Gross operating margin9900€-448€2k▲
Operating profit (loss)9901€-2k€725▲
Financial charges65/66B€161€230▲
Recurring financial charges65€161€230▲
Profit (loss) for the period before taxes9903€-2k€495▲
Income taxes67/77€164€174▲
Profit (loss) for the period9904€-3k€321▲
Profit (loss) for the period to be appropriated9905€-3k€321▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-7k▲
Profit (loss) brought forward from the previous period14P€-5k€-7k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €321
Net result €321 after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-5k ▼254%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €3k ▲1455%
Operating result €5k, net result €3k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €196
Net result €196 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-03
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
1 director, no change since 2023
Stefaan VERBOVEN
CurrentDirector · since 27-12-2023
27-12-2023
Resigned as Director
27-12-2023
Appointed as Director
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 2005
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.
Schaaflaan 182242 ZandhovenGround area
539 m²
Building footprint
96 m²
Volume, LiDAR
6 m³
Parcel 11033B0448/00H005, Flanders · tallest building 2.7 m. Linked by address, not a title deed.
1 establishment unit
LetterLust
since 20052.145.071.757
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11033B0448/00H005 | Flanders | 539 m² | 1 · 96 m² | 2.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
SIRIUS GRAPHICS
BE 0665.604.201
Gent · Eq €9k
Impuls Connect
BE 0502.499.293
Hoogstraten · Eq €9k
Studio DrieDay
BE 1011.065.246
Westerlo · Eq €9k
PHOENIX POST
BE 0846.477.230
Sint-Pieters-Woluwe · Eq €10k
ARTATTACK
BE 0478.701.829
Mechelen · Eq €10k
Of 2,853 companies in sector 18130 we hold annual accounts for 828. 423 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2005
Fiscal year end31-12
Activities, NACEBEL
18130Pre-press and pre-media services
22250
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.