LETTERSOEP
ActiveLETTERSOEP has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €11k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 3461 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+5
Solvency98▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.03 against 3.49 in 2024; short-term debt: 19% and cash: 33.9% of total assets), and 26.7% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.3%
Return on assets
6.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
50 d early
2023
43 d early
2022
28 d early
2021
46 d early
2020
47 d early
2019
59 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€118k▲ 10.3%
2024 · €107k
2019: €78k
2020: €91k
2021: €89k
2022: €97k
2023: €103k
2024: €107k
2019 → 2025
Total assets
€161k▲ 4.0%
2024 · €155k
2019: €87k
2020: €134k
2021: €180k
2022: €165k
2023: €165k
2024: €155k
2019 → 2025
Net result
€11k▲ 174%
2024 · €4k
2019: €13k
2020: €13k
2021: €8k
2022: €8k
2023: €6k
2024: €4k
2019 → 2025
Working capital
€62k▲ 7.4%
2024 · €58k
2019: €63k
2020: €101k
2021: €47k
2022: €55k
2023: €58k
2024: €58k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€97k▲ 8.9%€103k▲ 6.4%€107k▲ 3.9%€118k▲ 10.3%
Operating result€14k-€14k▲ 1.0%€11k▼ 20.4%€8k▼ 32.2%€17k▲ 121%
Net result€8k-€8k▼ 1.7%€6k▼ 21.7%€4k▼ 35.2%€11k▲ 174%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 121% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161k
Fixed assets
€68k▼ 7.3%
Current assets
€93k▲ 14.3%
Equity and liabilities €161k
Equity
€118k▲ 10.3%
Debt
€43k▼ 9.9%
The debt ratio falls from 30.9% to 26.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €19k
Cash flow
€24k▲
2024 · €16k
Solvency
73.3%▲
2024 · 69.1%
Current ratio
3.03▼
2024 · 3.49
Quick ratio
3.03▼
2024 · 3.49
Debt / equity
0.36▼
2024 · 0.45
ROE
9.3%▲
2024 · 3.8%
ROA
6.8%▲
2024 · 2.6%
Interest coverage
27.79▲
2024 · 14.06
Debt
€43k▼
2024 · €48k
Debt ≤ 1 year
€31k▲
2024 · €23k
Debt > 1 year
€12k▼
2024 · €24k
Income taxes
€5k▲
2024 · €3k
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€155k€161k▲
Fixed assets21/28€73k€68k▼
Tangible fixed assets22/27€73k€68k▼
Furniture and vehicles24€6k€11k▲
Other tangible fixed assets26€67k€57k▼
Current assets29/58€81k€93k▲
Amounts receivable within one year40/41€28k€38k▲
Trade receivables40€20k€34k▲
Other amounts receivable41€8k€3k▼
Cash at bank and in hand54/58€53k€55k▲
Deferred charges and accrued income490/1€1k€846▼
Equity and liabilities
Total equity and liabilities10/49€155k€161k▲
Equity10/15€107k€118k▲
Contributions10/11€19k€19k=
Reserves13€88k€99k▲
Distributable reserves133€88k€99k▲
Amounts payable17/49€48k€43k▼
Amounts payable after more than one year17€24k€12k▼
Financial debts170/4€24k€12k▼
Amounts payable within one year42/48€23k€31k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€927€7k▲
Suppliers440/4€927€7k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€7k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€683€866▲
Gross operating margin9900€20k€31k▲
Operating profit (loss)9901€8k€17k▲
Financial income75/76B€267€291▲
Recurring financial income75€267€291▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€7k€16k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€4k€11k▲
Profit (loss) for the period to be appropriated9905€4k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€11k▲
Transfer to equity691/2€4k€11k▲
To other reserves6921€4k€11k▲
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
Next filing, fiscal year 2026, expected by
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €4k ▼35.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €100kEq €103k ▲6.4%
5 profitable years in a row build equity to €103k.
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Highest result since 2019net €13k ▲4.8%
Operating result €19k, net result €13k, both a record.
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Antwerpen · 1 establishment unit since 2010
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.
Dries 422000 AntwerpenGround area
160 m²
Building footprint
88 m²
Volume, LiDAR
906 m³
Parcel 11002A2185/00G000, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Dries 42, 2000 Antwerpen
since 20102.189.656.818
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A2185/00G000 | Flanders | 160 m² | 1 · 88 m² | 14.3 m · 4 fl. |
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
BSBELETTERING
BE 0688.676.541
Rumst · Eq €118k
CA VA ALORS
BE 0742.549.252
Schaarbeek · Eq €118k
TWO STUDIOS
BE 0841.062.254
Malle · Eq €119k
EDAL SOLUTIONS
BE 0627.924.055
Koksijde · Eq €116k
CEDOCO
BE 0824.552.359
Anderlecht · Eq €116k
Of 6,296 companies in sector 74120 we hold annual accounts for 1,010. 794 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-2010
Fiscal year end30-06
Activities, NACEBEL
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.