Leutenez E&M Pigeons
ActiveLeutenez E&M Pigeons has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €1k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 3108 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+46
Solvency59▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 2.21 in 2024; short-term debt: 25.4% of total assets), but 66.3% 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 01
Relative position
BE, all sectors
reference
Sector 01
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
33.7%
Return on assets
0.6%
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
on the day
2020
2 d early
2019
31 d late
2018
28 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
€75k▲ 1.7%
2024 · €74k
2018: €113k
2019: €114k
2020: €116k
2022: €135k
2023: €116k
2024: €74k
2018 → 2025
Total assets
€223k▲ 34.0%
2024 · €166k
2018: €222k
2019: €192k
2020: €227k
2022: €227k
2023: €198k
2024: €166k
2018 → 2025
Net result
€1k
2024 · €-43k
2018: €51k
2019: €1k
2020: €2k
2022: €19k
2023: €-19k
2024: €-43k
2018 → 2025
Working capital
€31k▼ 41.7%
2024 · €53k
2018: €113k
2019: €107k
2020: €130k
2022: €125k
2023: €104k
2024: €53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€116k-€135k▲ 16.2%€116k▼ 13.7%€74k▼ 36.7%€75k▲ 1.7%
Operating result€6k-€32k▲ 460%€-14k€-37k▼ 163%€10k
Net result€2k-€19k▲ 921%€-19k€-43k▼ 131%€1k
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 2025: €10k after a loss of €37k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €223k
Fixed assets
€135k▲ 93.7%
Current assets
€87k▼ 9.4%
Equity and liabilities €223k
Equity
€75k▲ 1.7%
Debt
€148k▲ 59.7%
The debt ratio rises from 55.6% to 66.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26k▲
2024 · €-26k
Cash flow
€17k▲
2024 · €-32k
Solvency
33.7%▼
2024 · 44.4%
Current ratio
1.54▼
2024 · 2.21
Quick ratio
0.05▼
2024 · 0.08
Debt / equity
1.97▲
2024 · 1.25
ROE
1.6%▲
2024 · -58.1%
ROA
0.6%▲
2024 · -25.8%
Interest coverage
3.17▲
2024 · -5.65
Debt
€148k▲
2024 · €92k
Debt ≤ 1 year
€56k▲
2024 · €44k
Debt > 1 year
€91k▲
2024 · €49k
Income taxes
€592▼
2024 · €811
Staff costs
€25k▲
2024 · €11k
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€166k€223k▲
Fixed assets21/28€70k€135k▲
Tangible fixed assets22/27€70k€135k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€2k€4k▲
Other tangible fixed assets26€67k€130k▲
Financial fixed assets28€200€200=
Current assets29/58€96k€87k▼
Stocks and contracts in progress3€93k€85k▼
Stocks30/36€93k€85k▼
Amounts receivable within one year40/41€172€4▼
Trade receivables40€2€4▲
Other amounts receivable41€170€0▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€166k€223k▲
Equity10/15€74k€75k▲
Contributions10/11€19k€19k=
Reserves13€113k€113k=
Distributable reserves133€113k€113k=
Profit (loss) carried forward14€-58k€-57k▲
Amounts payable17/49€92k€148k▲
Amounts payable after more than one year17€49k€91k▲
Financial debts170/4€49k€91k▲
Amounts payable within one year42/48€44k€56k▲
Current portion of amounts payable after more than one year42€14k€15k▲
Financial debts43€15k€21k▲
Credit institutions430/8€15k€21k▲
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€4k€10k▲
Taxes450/3€811€2k▲
Remuneration and social security454/9€4k€8k▲
Other amounts payable47/48€4k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€11k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€16k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-13k€53k▲
Operating profit (loss)9901€-37k€10k▲
Financial income75/76B-€45
Recurring financial income75-€45
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€-42k€2k▲
Income taxes67/77€811€592▼
Profit (loss) for the period9904€-43k€1k▲
Profit (loss) for the period to be appropriated9905€-43k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-57k▲
Profit (loss) brought forward from the previous period14P€-15k€-58k▼
Transfer from equity791/2€0-
The notes to these accounts (10 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
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 7.07
Current ratio from 2.69 to 7.07; short-term debt falls from €67k to €18k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
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
5 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, Kluisbergen · 1 establishment unit since 2012
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.
Grote Herreweg 589690 KluisbergenGround area
2,422 m²
Building footprint
243 m²
Volume, LiDAR
812 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LEUTENEZ PIGEONS
since 20122.208.771.162
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45043B0593/00C000 | Flanders | 1,376 m² | 1 · 84 m² | - |
| 45017A0367/00H000 | Flanders | 1,047 m² | 1 · 158 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
ANIMAL'S PARADISE
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BE 1000.902.616
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VERDEYEN RACING PIGEONS
BE 0500.569.488
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NOBLE WHITE
BE 0781.462.187
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Of 1,702 companies in sector 01480 we hold annual accounts for 161. 120 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-03-2012
Fiscal year end30-06
Activities, NACEBEL
01480Raising of other animals
01490Crop and animal production, hunting and related service activities
01500Mixed farming
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.