LEUCO
ActiveSummary
LEUCO has been active since 1959 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €6,530. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 67% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-3
Solvency86▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 2.9 against 2.42 in 2024; short-term debt: 28.8% and cash: 9.1% of total assets), and 39.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
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
60.7%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 06-03-2026, 147 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
147 d early
2024
141 d early
2023
96 d early
2022
116 d early
2021
69 d early
2020
87 d early
2019
37 d early
← 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 99 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 6 April (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#4 oldest company in Waregem, Wholesale and retail trade sector
Turnover
€5.1m▼ 4.2%
2024 · €5.4m
EBIT margin
0.5%▼ 1.0pp
2024 · 1.5%
Net result
€6,530▼ 84.6%
2024 · €42,445
Working capital
€931,634▲ 4.8%
2024 · €889,373
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€5.5m▲ 12.3%€5.2m▼ 5.9%€5.4m▲ 3.8%€5.4m▼ 0.4%€5.1m▼ 4.2%
Operating result€227,831▲ 147%€47,744▼ 79.0%-€54,421€79,986€23,389▼ 70.8%
Net result€161,943within the sector's middle half▲ 164%€29,910within the sector's middle half▼ 81.5%-€51,019below the sector's middle half€42,445within the sector's middle half€6,530within the sector's middle half▼ 84.6%
EBIT margin4.1%▲ 2.2pp0.9%▼ 3.2pp-1.0%▼ 1.9pp1.5%▲ 2.5pp0.5%▼ 1.0pp
Equity€1.1mwithin the sector's middle half▲ 1.1%€1.1mwithin the sector's middle half▲ 0.9%€1.0mwithin the sector's middle half▼ 4.7%€1.0mwithin the sector's middle half▲ 0.2%€1.0mwithin the sector's middle half▲ 0.6%
Total assets€2.2mwithin the sector's middle half▲ 14.7%€2.0mwithin the sector's middle half▼ 8.3%€1.9mwithin the sector's middle half▼ 4.2%€1.8mwithin the sector's middle half▼ 5.8%€1.7mwithin the sector's middle half▼ 5.1%
Debt€1.1m▲ 38.5%€880,498▼ 17.8%€846,830▼ 3.8%€732,779▼ 13.5%€633,786▼ 13.5%
Working capital€998,559within the sector's middle half▲ 3.0%€935,641within the sector's middle half▼ 6.3%€882,340within the sector's middle half▼ 5.7%€889,373within the sector's middle half▲ 0.8%€931,634within the sector's middle half▲ 4.8%
Solvency49.2%within the sector's middle half▼ 6.6pp54.1%within the sector's middle half▲ 5.0pp53.8%within the sector's middle half▼ 0.3pp57.3%within the sector's middle half▲ 3.5pp60.7%within the sector's middle half▲ 3.4pp
Current ratio2.17within the sector's middle half▼ 0.502.43within the sector's middle half▲ 0.252.39within the sector's middle half▼ 0.042.42within the sector's middle half▲ 0.042.90within the sector's middle half▲ 0.47
Return on assets (ROA)7.5%within the sector's middle half▲ 4.2pp1.5%within the sector's middle half▼ 6.0pp-2.7%below the sector's middle half▼ 4.2pp2.4%within the sector's middle half▲ 5.0pp0.4%within the sector's middle half▼ 2.0pp
Staff (FTE)26.6within the sector's middle half▼ 0.4%25.8within the sector's middle half▼ 3.0%24.3within the sector's middle half▼ 5.8%23.8within the sector's middle half▼ 2.1%23.1within the sector's middle half▼ 2.9%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€283,460 ▲ 0.1%
Current assets
€1.4m ▼ 6.0%
Equity and liabilities €1.7m
Equity
€1.0m ▲ 0.6%
Provisions
€35,904 ▲ 3.8%
Debt
€633,786 ▼ 13.5%
Debt's share of the balance-sheet total falls from 40.8% to 37.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158,197▼
2024 · €209,121
Cash flow
€141,339▼
2024 · €171,580
Quick ratio
2.17▲
2024 · 1.96
Debt to equity
0.61▼
2024 · 0.71
ROE
0.6%▼
2024 · 4.1%
Interest coverage
9.35▼
2024 · 12.27
Debt ≤ 1 year
€490,655▼
2024 · €624,220
Debt > 1 year
€126,902▲
2024 · €99,759
Income taxes
€21,727▼
2024 · €34,667
Staff costs
€1.7m▲
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5.6m | €5.3m | €5.5m | €5.4m | €5.2m | ▼ 4.1% |
| Turnover70 | €5.5m | €5.2m | €5.4m | €5.4m | €5.1m | ▼ 4.2% |
| Other operating income74 | €75,509 | €69,403 | €62,429 | €47,070 | €55,046 | ▲ 16.9% |
| Operating charges60/66A | €5.4m | €5.2m | €5.5m | €5.3m | €5.2m | ▼ 3.1% |
| Goods for resale, raw materials and consumables60 | €2.4m | €2.2m | €2.4m | €2.4m | €2.1m | ▼ 12.3% |
| Purchases600/8 | €2.5m | €2.2m | €2.4m | €2.4m | €2.1m | ▼ 11.1% |
| Change in stocks: decrease (increase)609 | -€63,398 | €4,950 | -€19,756 | €4,640 | -€24,519 | ▼ 628% |
| Services and other goods61 | €982,212 | €1.2m | €1.2m | €1.2m | €1.3m | ▲ 6.5% |
| Remuneration, social security and pensions62 | €1.8m | €1.8m | €1.7m | €1.6m | €1.7m | ▲ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99,904 | €108,137 | €121,915 | €129,135 | €134,809 | ▲ 4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €898 | €7,319 | €23,621 | €3,901 | -€45,594 | ▼ 1,269% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €79,403 | -€101,056 | €8,250 | -€6,432 | €1,303 | ▲ 120% |
| Other operating charges640/8 | €3,825 | €6,636 | €3,433 | €8,691 | €7,078 | ▼ 18.6% |
| Operating profit (loss)9901 | €227,831 | €47,744 | -€54,421 | €79,986 | €23,389 | ▼ 70.8% |
| Financial income75/76B | €82,528 | €81,674 | €84,598 | €79,384 | €78,675 | ▼ 0.9% |
| Recurring financial income75 | €82,528 | €81,674 | €84,598 | €79,384 | €78,675 | ▼ 0.9% |
| Other financial income752/9 | €82,528 | €81,674 | €84,598 | €79,384 | €78,675 | ▼ 0.9% |
| Financial charges65/66B | €72,654 | €69,237 | €77,296 | €82,258 | €73,807 | ▼ 10.3% |
| Recurring financial charges65 | €72,654 | €69,237 | €77,296 | €82,258 | €73,807 | ▼ 10.3% |
| Debt charges650 | €6,163 | €7,739 | €14,533 | €17,047 | €16,928 | ▼ 0.7% |
| Other financial charges652/9 | €66,491 | €61,498 | €62,763 | €65,211 | €56,880 | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | €237,704 | €60,181 | -€47,119 | €77,112 | €28,257 | ▼ 63.4% |
| Income taxes67/77 | €75,761 | €30,271 | €3,900 | €34,667 | €21,727 | ▼ 37.3% |
| Taxes670/3 | €75,761 | €30,271 | €3,900 | €34,667 | €21,727 | ▼ 37.3% |
| Profit (loss) for the period9904 | €161,943 | €29,910 | -€51,019 | €42,445 | €6,530 | ▼ 84.6% |
| Profit (loss) for the period to be appropriated9905 | €161,943 | €29,910 | -€51,019 | €42,445 | €6,530 | ▼ 84.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.0m | €1.9m | €1.8m | €1.7m | ▼ 5.1% |
| Fixed assets21/28 | €323,710 | €401,251 | €389,109 | €283,317 | €283,460 | ▲ 0.1% |
| Intangible fixed assets21 | €51,148 | €40,475 | €27,894 | €15,313 | €22,782 | ▲ 48.8% |
| Tangible fixed assets22/27 | €272,525 | €360,739 | €361,179 | €267,967 | €260,641 | ▼ 2.7% |
| Plant, machinery and equipment23 | €246,901 | €264,517 | €269,584 | €193,110 | €166,156 | ▼ 14.0% |
| Furniture and vehicles24 | €9,224 | €48,149 | €36,036 | €30,034 | €62,511 | ▲ 108% |
| Other tangible fixed assets26 | €16,401 | €48,073 | €55,558 | €44,823 | €31,974 | ▼ 28.7% |
| Financial fixed assets28 | €37 | €37 | €37 | €37 | €37 | = |
| Other financial fixed assets284/8 | €37 | €37 | €37 | €37 | €37 | = |
| Amounts receivable and cash guarantees285/8 | €37 | €37 | €37 | €37 | €37 | = |
| Current assets29/58 | €1.8m | €1.6m | €1.5m | €1.5m | €1.4m | ▼ 6.0% |
| Stocks and contracts in progress3 | €308,853 | €296,114 | €296,705 | €287,981 | €355,939 | ▲ 23.6% |
| Stocks30/36 | €308,853 | €296,114 | €296,705 | €287,981 | €355,939 | ▲ 23.6% |
| Raw materials and consumables30/31 | €88,916 | €86,660 | €90,946 | €96,269 | €139,625 | ▲ 45.0% |
| Goods purchased for resale34 | €219,937 | €209,454 | €205,759 | €191,712 | €216,314 | ▲ 12.8% |
| Amounts receivable within one year40/41 | €838,439 | €873,533 | €1.0m | €874,014 | €870,267 | ▼ 0.4% |
| Trade receivables40 | €833,103 | €864,010 | €924,650 | €858,290 | €866,041 | ▲ 0.9% |
| Other amounts receivable41 | €5,337 | €9,524 | €76,124 | €15,724 | €4,226 | ▼ 73.1% |
| Cash at bank and in hand54/58 | €677,645 | €388,955 | €201,894 | €288,658 | €155,578 | ▼ 46.1% |
| Deferred charges and accrued income490/1 | €23,710 | €31,942 | €19,781 | €62,940 | €40,505 | ▼ 35.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.0m | €1.9m | €1.8m | €1.7m | ▼ 5.1% |
| Equity10/15 | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | ▲ 0.6% |
| Contributions10/11 | €800,000 | €800,000 | €800,000 | €800,000 | €800,000 | = |
| Capital10 | €800,000 | €800,000 | €800,000 | €800,000 | €800,000 | = |
| Issued capital100 | €800,000 | €800,000 | €800,000 | €800,000 | €800,000 | = |
| Reserves13 | €86,738 | €86,738 | €86,738 | €86,738 | €86,738 | = |
| Non-distributable reserves130/1 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Reserves not available under the articles1311 | €80,000 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Tax-exempt reserves132 | €6,738 | €6,738 | €6,738 | €6,738 | €6,738 | = |
| Profit (loss) carried forward14 | €181,455 | €191,365 | €140,347 | €142,792 | €149,322 | ▲ 4.6% |
| Provisions and deferred taxes16 | €32,513 | €33,194 | €34,349 | €34,601 | €35,904 | ▲ 3.8% |
| Provisions for liabilities and charges160/5 | €32,513 | €33,194 | €34,349 | €34,601 | €35,904 | ▲ 3.8% |
| Pensions and similar obligations160 | €5,003 | €5,684 | €6,839 | €7,091 | €8,394 | ▲ 18.4% |
| Other liabilities and charges164/5 | €27,510 | €27,510 | €27,510 | €27,510 | €27,510 | = |
| Amounts payable17/49 | €1.1m | €880,498 | €846,830 | €732,779 | €633,786 | ▼ 13.5% |
| Amounts payable after more than one year17 | €165,800 | €198,976 | €192,601 | €99,759 | €126,902 | ▲ 27.2% |
| Financial debts170/4 | €165,800 | €198,976 | €192,601 | €99,759 | €126,902 | ▲ 27.2% |
| Credit institutions173 | €165,800 | €198,976 | €192,601 | €99,759 | €126,902 | ▲ 27.2% |
| Amounts payable within one year42/48 | €850,088 | €654,903 | €636,814 | €624,220 | €490,655 | ▼ 21.4% |
| Current portion of amounts payable after more than one year42 | €79,367 | €118,031 | €117,390 | €92,842 | €81,661 | ▼ 12.0% |
| Financial debts43 | €30,000 | €27,584 | €30,337 | €30,317 | €30,192 | ▼ 0.4% |
| Credit institutions430/8 | €30,000 | €27,584 | €30,337 | €30,317 | €30,192 | ▼ 0.4% |
| Trade debts44 | €112,381 | €138,018 | €138,795 | €171,560 | €144,160 | ▼ 16.0% |
| Suppliers440/4 | €112,381 | €138,018 | €138,795 | €171,560 | €144,160 | ▼ 16.0% |
| Taxes, remuneration and social security45 | €478,340 | €351,270 | €350,291 | €289,501 | €234,643 | ▼ 18.9% |
| Taxes450/3 | €128,095 | €126,341 | €104,143 | €89,212 | €37,695 | ▼ 57.7% |
| Remuneration and social security454/9 | €350,245 | €224,929 | €246,148 | €200,289 | €196,948 | ▼ 1.7% |
| Other amounts payable47/48 | €150,000 | €20,000 | - | €40,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €55,764 | €26,619 | €17,416 | €8,801 | €16,229 | ▲ 84.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €161,943 | €29,910 | -€51,019 | €42,445 | €6,530 | ▼ 84.6% |
| + Depreciation and write-downs630 | €99,904 | €108,137 | €121,915 | €129,135 | €134,809 | ▲ 4.4% |
| Operating cash flow (approximation) | €261,847 | €138,047 | €70,897 | €171,580 | €141,339 | ▼ 17.6% |
| Investment in fixed assets (approximation) | - | -€185,677 | -€109,774 | -€23,342 | -€134,952 | ▼ 478% |
| Change in cash | - | -€288,690 | -€187,061 | €86,764 | -€133,080 | ▼ 253% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €42,445
Net result €42,445 after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€51,019
Net result drops to -€51,019, the lowest in the series; recovery starts the following year.
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €161,943 ▲164%
Operating result €227,831, net result €161,943, both a record.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 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, Waregem · 1 establishment unit since 2001
Ground area
1,994 m²
Building footprint
14 m²
Parcel 34452B0863/00B013, Flanders. Linked by address, not a title deed.
1 establishment unit
Anzegemseweg 16, 8790 Waregem
since 20012.004.062.065
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0863/00B013 | Flanders | 1,994 m² | 1 · 14 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
1 live approvalProductiemedewerker industrie duaal (so)
Legal Entity Identifier
894500K77MR82D0YUP03
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Of 827 companies in sector 46620 we hold annual accounts for 644. 519 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-07-1959
Fiscal year end31-12
Activities, NACEBEL 2025
46620Wholesale of machine tools
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404979354
Also
9925:BE0404979354
Registered
07-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.