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LEUCO

Active
Private limited companyfounded 199135 yrs activePrins Leopoldlei 37, 2640 Mortsel, BelgiumKBO/BCE: BE 0442.963.366
Summary

LEUCO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €969,099 and a net result of €133,399. Equity is growing by ~16% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability86▲+8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 88.44 against 23.86 in 2024; short-term debt: 1.1% and cash: 32.2% of total assets), and 1.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
98.9%
Return on assets
13.6%
Age of the figures
9 mo
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 d early
2024
41 d early
2023
37 d early
2022
27 d early
2021
33 d early
2020
86 d late
2019
3 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LEUCO was incorporated on 17 January 1991.1 Total assets rose from EUR 528,655 in 2018 to EUR 980,168 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€969,099▲ 16.0%
2024 · €835,701
Total assets
€980,168▲ 13.0%
2024 · €867,485
Net result
€133,399▼ 4.9%
2024 · €140,293
Working capital
€967,902▲ 33.2%
2024 · €726,623
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€483,958▲ 245%€164,996▼ 65.9%€183,432▲ 11.2%€189,494▲ 3.3%€172,133▼ 9.2%
Net result€321,882▲ 242%€71,428▼ 77.8%€154,406▲ 116%€140,293▼ 9.1%€133,399▼ 4.9%
Equity€469,574▲ 17.4%€541,002▲ 15.2%€695,408▲ 28.5%€835,701▲ 20.2%€969,099▲ 16.0%
Total assets€571,523▲ 5.4%€638,427▲ 11.7%€728,988▲ 14.2%€867,485▲ 19.0%€980,168▲ 13.0%
Debt€101,948▼ 28.4%€97,425▼ 4.4%€33,579▼ 65.5%€31,784▼ 5.3%€11,069▼ 65.2%
Working capital€351,958▲ 597%€436,098▲ 23.9%€520,035▲ 19.2%€726,623▲ 39.7%€967,902▲ 33.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2021: €483,958€483,958Net result 2021: €321,882€321,882Operating result 2022: €164,996€164,996Net result 2022: €71,428€71,428Operating result 2023: €183,432€183,432Net result 2023: €154,406€154,406Operating result 2024: €189,494€189,494Net result 2024: €140,293€140,293Operating result 2025: €172,133€172,133Net result 2025: €133,399€133,39920212022202320242025€0€50,000€100,000€150,000€200,000Operating result 2023: €183,432€183,000Net result 2023: €154,406Operating result 2024: €189,494€189,000Net result 2024: €140,293€140,000Operating result 2025: €172,133€172,000Net result 2025: €133,399€133,000202320242025
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €980,168
Fixed assets €1,197 ▼ 98.9%
Current assets €978,971 ▲ 29.1%
Equity and liabilities €980,168
Equity €969,099 ▲ 16.0%
Debt €11,069 ▼ 65.2%
Debt's share of the balance-sheet total falls from 3.7% to 1.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€172,957▼
2024 · €193,489
Cash flow
€134,223▼
2024 · €144,287
Current ratio
88.44▲
2024 · 23.86
Debt to equity
0.01▼
2024 · 0.04
ROE
13.8%▼
2024 · 16.8%
ROA
13.6%▼
2024 · 16.2%
Interest coverage
98.50▲
2024 · -63.62
Debt ≤ 1 year
€11,069▼
2024 · €31,784
Income taxes
€63,335▼
2024 · €64,906
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€867,485€980,168▲
Fixed assets21/28€109,077€1,197▼
Tangible fixed assets22/27€8,868€1,197▼
Plant, machinery and equipment23€5,378€1,197▼
Furniture and vehicles24€3,491€0▼
Financial fixed assets28€100,209€0▼
Current assets29/58€758,407€978,971▲
Amounts receivable within one year40/41-€33,000
Trade receivables40-€33,000
Current investments50/53€499,309€630,781▲
Cash at bank and in hand54/58€255,720€315,191▲
Deferred charges and accrued income490/1€3,378€0▼
Equity and liabilities
Total equity and liabilities10/49€867,485€980,168▲
Equity10/15€835,701€969,099▲
Contributions10/11€18,592€18,592=
Reserves13€817,109€950,507▲
Tax-exempt reserves132€1,051€1,051=
Distributable reserves133€816,058€949,457▲
Amounts payable17/49€31,784€11,069▼
Amounts payable within one year42/48€31,784€11,069▼
Trade debts44€234€0▼
Suppliers440/4€234€0▼
Taxes, remuneration and social security45€11,747€11,059▼
Taxes450/3€11,747€11,059▼
Other amounts payable47/48€19,803€10▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,994€824▼
Other operating charges640/8€13,082€574▼
Non-recurring operating charges66A€45€356▲
Gross operating margin9900€206,616€173,888▼
Operating profit (loss)9901€189,494€172,133▼
Financial income75/76B€12,663€26,357▲
Recurring financial income75€12,663€26,357▲
Financial charges65/66B-€3,042€1,756▲
Recurring financial charges65-€3,042€1,756▲
Profit (loss) for the period before taxes9903€205,198€196,734▼
Income taxes67/77€64,906€63,335▼
Profit (loss) for the period9904€140,293€133,399▼
Profit (loss) for the period to be appropriated9905€140,293€133,399▼
Appropriation of the result
Profit (loss) to be appropriated9906€140,293€133,399▼
Transfer to equity691/2€140,293€133,399▼
To other reserves6921€140,293€133,399▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,714€16,499€4,282€3,994€824▼ 79.4%
Other operating charges640/8€2,036€1,551€815€13,082€574▼ 95.6%
Non-recurring operating charges66A€58€0-€45€356▲ 692%
Gross operating margin9900€501,765€183,046€188,529€206,616€173,888▼ 15.8%
Operating profit (loss)9901€483,958€164,996€183,432€189,494€172,133▼ 9.2%
Financial income75/76B€2€6,062€2,296€12,663€26,357▲ 108%
Recurring financial income75€2€6,062€2,296€12,663€26,357▲ 108%
Non-recurring financial income76B€0-----
Financial charges65/66B€1,637€45,767-€30,479-€3,042€1,756▲ 158%
Recurring financial charges65€1,637€45,767-€30,479-€3,042€1,756▲ 158%
Profit (loss) for the period before taxes9903€482,323€125,290€216,207€205,198€196,734▼ 4.1%
Income taxes67/77€160,441€53,862€61,801€64,906€63,335▼ 2.4%
Profit (loss) for the period9904€321,882€71,428€154,406€140,293€133,399▼ 4.9%
Profit (loss) for the period to be appropriated9905€321,882€71,428€154,406€140,293€133,399▼ 4.9%
Line20212022202320242025Change
Assets
Total assets20/58€571,523€638,427€728,988€867,485€980,168▲ 13.0%
Fixed assets21/28€117,616€104,904€175,374€109,077€1,197▼ 98.9%
Tangible fixed assets22/27€17,407€4,695€75,165€8,868€1,197▼ 86.5%
Land and buildings22€0-----
Plant, machinery and equipment23€1,884€2,998€7,938€5,378€1,197▼ 77.7%
Furniture and vehicles24€15,523€1,697€67,226€3,491€0▼ 100%
Financial fixed assets28€100,209€100,209€100,209€100,209€0▼ 100%
Current assets29/58€453,906€533,523€553,614€758,407€978,971▲ 29.1%
Amounts receivable within one year40/41€158,446€2,954€0-€33,000-
Trade receivables40----€33,000-
Other amounts receivable41€158,446€2,954€0---
Current investments50/53-€351,027€434,678€499,309€630,781▲ 26.3%
Cash at bank and in hand54/58€290,707€176,657€114,215€255,720€315,191▲ 23.3%
Deferred charges and accrued income490/1€4,753€2,886€4,721€3,378€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€571,523€638,427€728,988€867,485€980,168▲ 13.0%
Equity10/15€469,574€541,002€695,408€835,701€969,099▲ 16.0%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€450,982€522,410€676,816€817,109€950,507▲ 16.3%
Non-distributable reserves130/1€1,859€1,859€0---
Reserves not available under the articles1311€1,859€1,859€0---
Tax-exempt reserves132€1,051€1,051€1,051€1,051€1,051=
Distributable reserves133€448,072€519,500€675,765€816,058€949,457▲ 16.3%
Profit (loss) carried forward14€0€0----
Amounts payable17/49€101,948€97,425€33,579€31,784€11,069▼ 65.2%
Amounts payable after more than one year17€0-----
Financial debts170/4€0-----
Amounts payable within one year42/48€101,948€97,425€33,579€31,784€11,069▼ 65.2%
Current portion of amounts payable after more than one year42€0-----
Trade debts44€2,495€546€37€234€0▼ 100%
Suppliers440/4€2,495€546€37€234€0▼ 100%
Taxes, remuneration and social security45€73,441€73,441€11,196€11,747€11,059▼ 5.9%
Taxes450/3€73,441€73,441€11,196€11,747€11,059▼ 5.9%
Other amounts payable47/48€26,013€23,438€22,347€19,803€10▼ 99.9%
Line20212022202320242025Change
Profit (loss) for the period9904€321,882€71,428€154,406€140,293€133,399▼ 4.9%
+ Depreciation and write-downs630€15,714€16,499€4,282€3,994€824▼ 79.4%
Operating cash flow (approximation)€337,596€87,927€158,688€144,287€134,223▼ 7.0%
Investment in fixed assets (approximation)--€3,787-€74,751€62,302€107,056▲ 71.8%
Change in cash--€114,050-€62,442€141,505€59,471▼ 58.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Liquidity quadruplescurrent ratio 88.44
Current ratio from 23.86 to 88.44; short-term debt falls from €31,784 to €11,069.
20-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity triplescurrent ratio 16.49
Current ratio from 5.48 to 16.49; short-term debt falls from €97,425 to €33,579.
04-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Equity above €500,000Eq €541,002 ▲15.2%
5 profitable years in a row build equity to €541,002.
28-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Highest result since 2018net €321,882 ▲242%
Operating result €483,958, net result €321,882, both a record.
31-12
Financial Liquidity triplescurrent ratio 4.45
Current ratio from 1.42 to 4.45; short-term debt falls from €121,397 to €101,948.
25-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
03-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
Show earlier events
2019
31-12
Financial Weakest financial yearnet €2,710 ▼76.5%
Net result drops to €2,710, the lowest in the series; recovery starts the following year.
25-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 86 days late
2018
21-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
27-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Mortsel · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
182 m²
Building footprint
124 m²
Parcel 11513C0254/00S006, Flanders. Linked by address, not a title deed.
1 establishment unit
LEUCO
Prins Leopoldlei 37, 2640 MortselNACE 85120
since 19912.051.598.401
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11513C0254/00S006 Flanders 182 m² 1 · 124 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

Legal Entity Identifier

699400DY0DOJJCDKMC32
no longer live in the LEI register

Company details

Identification
Legal formPrivate limited company
Founded17-01-1991
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.