LEYA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 18-04-2026 PDF all 3 filings
Turnover
≈ €750,000
Estimated: probably between €510,000 and €1.3m
Total assets
€360,584▼ 2.8%
2024 · €370,930
Net result
€2,023▲ 129%
2024 · €884
Working capital
-€67,785▼ 45.1%
2024 · -€46,703
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€14,142
▲ 1.0%
2025
20232025
Net result
€2,023
▲ 129%
2025
middle half of the sector
20232025
Equity
€29,656
▲ 7.3%
2025
middle half of the sector
20232025
Total assets
€360,584
▼ 2.8%
2025
highest quarter of the sector
20232025
Debt
€330,927
▼ 3.6%
2025
20232025
Working capital
-€67,785
▼ 45.1%
2025
lowest quarter of the sector
20232025
Solvency
8.2%
▲ 0.8pp
2025
middle half of the sector
20232025
Current ratio
0.49
▼ 0.07
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
0.6%
▲ 0.3pp
2025
middle half of the sector
20232025
Staff (FTE)
3.4
▼ 10.5%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€16,037-€14,000▼ 12.7%€14,142▲ 1.0%
Net result€1,750within the sector's middle half-€884within the sector's middle half▼ 49.5%€2,023within the sector's middle half▲ 129%
Equity€26,750within the sector's middle half-€27,634within the sector's middle half▲ 3.3%€29,656within the sector's middle half▲ 7.3%
Total assets€418,189above the sector's middle half-€370,930above the sector's middle half▼ 11.3%€360,584above the sector's middle half▼ 2.8%
Debt€391,439-€343,297▼ 12.3%€330,927▼ 3.6%
Working capital-€29,820below the sector's middle half--€46,703below the sector's middle half▼ 56.6%-€67,785below the sector's middle half▼ 45.1%
Solvency6.4%within the sector's middle half-7.4%within the sector's middle half▲ 1.1pp8.2%within the sector's middle half▲ 0.8pp
Current ratio0.73below the sector's middle half-0.56below the sector's middle half▼ 0.170.49below the sector's middle half▼ 0.07
Return on assets (ROA)0.4%within the sector's middle half-0.2%within the sector's middle half▼ 0.2pp0.6%within the sector's middle half▲ 0.3pp
Staff (FTE)2.1-3.8▲ 81.0%3.4▼ 10.5%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 1% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €357,259
Fixed assets
€290,938 ▼ 5.0%
Current assets
€66,321 ▲ 10.0%
Equity and liabilities €360,584
Equity
€29,656 ▲ 7.3%
Debt
€330,927 ▼ 3.6%
Debt's share of the balance-sheet total falls from 92.6% to 91.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53,679▲
2024 · €51,062
Cash flow
€41,560▲
2024 · €37,945
Quick ratio
0.30▼
2024 · 0.34
Debt to equity
11.16▼
2024 · 12.42
ROE
6.8%▲
2024 · 3.2%
Interest coverage
4.85▲
2024 · 4.23
Debt ≤ 1 year
€134,105▲
2024 · €107,014
Debt > 1 year
€196,514▼
2024 · €234,158
Income taxes
€1,209▲
2024 · €1,089
Staff costs
€100,477▲
2024 · €99,875
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 6 | 5 | 3 |
| full-time | 4 | 4 | 2 |
| part-time | 2 | 1 | 1 |
| in full-time equivalents | 5.6 | 4.8 | 2.8 |
| Average over the year, in full-time equivalents | 2.1 | 3.8 | 3.4 |
| On a permanent contract | - | 0 | 0 |
| Joined | 23 | 20 | 19 |
| Left | 20 | 17 | 18 |
| Training hours | 608 | 1,890 | 1,508 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | €301,971 | €7,636 | €17,140 |
| Intangible fixed assets | €50,000 | - | - |
| Financial fixed assets | €15,623 | €34 | €6,041 |
| Depreciation and write-downs of the year | €33,490 | €37,062 | €39,537 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €58,832 | €99,875 | €100,477 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,490 | €37,062 | €39,537 | ▲ 6.7% |
| Other operating charges640/8 | €389 | €1,310 | €4,478 | ▲ 242% |
| Gross operating margin9900 | €108,748 | €152,247 | €158,633 | ▲ 4.2% |
| Operating profit (loss)9901 | €16,037 | €14,000 | €14,142 | ▲ 1.0% |
| Financial income75/76B | €92 | €51 | €150 | ▲ 197% |
| Recurring financial income75 | €92 | €51 | €150 | ▲ 197% |
| Financial charges65/66B | €13,267 | €12,078 | €11,060 | ▼ 8.4% |
| Recurring financial charges65 | €13,267 | €12,078 | €11,060 | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €2,862 | €1,973 | €3,231 | ▲ 63.8% |
| Income taxes67/77 | €1,112 | €1,089 | €1,209 | ▲ 11.0% |
| Profit (loss) for the period9904 | €1,750 | €884 | €2,023 | ▲ 129% |
| Profit (loss) for the period to be appropriated9905 | €1,750 | €884 | €2,023 | ▲ 129% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €418,189 | €370,930 | €360,584 | ▼ 2.8% |
| Formation expenses20 | €3,288 | €4,507 | €3,325 | ▼ 26.2% |
| Fixed assets21/28 | €334,723 | €306,113 | €290,938 | ▼ 5.0% |
| Intangible fixed assets21 | €45,356 | €40,356 | €35,356 | ▼ 12.4% |
| Tangible fixed assets22/27 | €273,744 | €250,100 | €233,885 | ▼ 6.5% |
| Plant, machinery and equipment23 | €273,744 | €250,100 | €233,885 | ▼ 6.5% |
| Financial fixed assets28 | €15,623 | €15,656 | €21,697 | ▲ 38.6% |
| Current assets29/58 | €80,178 | €60,311 | €66,321 | ▲ 10.0% |
| Stocks and contracts in progress3 | €19,796 | €24,117 | €26,756 | ▲ 10.9% |
| Stocks30/36 | €19,796 | €24,117 | €26,756 | ▲ 10.9% |
| Amounts receivable within one year40/41 | €18,766 | €2,600 | €5,790 | ▲ 123% |
| Trade receivables40 | €9,878 | €606 | €5,262 | ▲ 768% |
| Other amounts receivable41 | €8,888 | €1,993 | €528 | ▼ 73.5% |
| Cash at bank and in hand54/58 | €37,631 | €21,279 | €2,547 | ▼ 88.0% |
| Deferred charges and accrued income490/1 | €3,985 | €12,315 | €31,227 | ▲ 154% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €418,189 | €370,930 | €360,584 | ▼ 2.8% |
| Equity10/15 | €26,750 | €27,634 | €29,656 | ▲ 7.3% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €1,750 | €2,634 | €4,656 | ▲ 76.8% |
| Amounts payable17/49 | €391,439 | €343,297 | €330,927 | ▼ 3.6% |
| Amounts payable after more than one year17 | €281,257 | €234,158 | €196,514 | ▼ 16.1% |
| Financial debts170/4 | €281,257 | €234,158 | €196,514 | ▼ 16.1% |
| Amounts payable within one year42/48 | €109,997 | €107,014 | €134,105 | ▲ 25.3% |
| Current portion of amounts payable after more than one year42 | €32,990 | €45,293 | €51,858 | ▲ 14.5% |
| Trade debts44 | €71,818 | €57,224 | €71,935 | ▲ 25.7% |
| Suppliers440/4 | €71,818 | €57,224 | €71,935 | ▲ 25.7% |
| Taxes, remuneration and social security45 | €3,735 | €4,150 | €10,312 | ▲ 148% |
| Taxes450/3 | €1,619 | €1,181 | €3,797 | ▲ 222% |
| Remuneration and social security454/9 | €2,116 | €2,969 | €6,516 | ▲ 119% |
| Other amounts payable47/48 | €1,455 | €347 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €185 | €2,125 | €309 | ▼ 85.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,750 | €884 | €2,023 | ▲ 129% |
| + Depreciation and write-downs630 | €33,490 | €37,062 | €39,537 | ▲ 6.7% |
| Operating cash flow (approximation) | €35,240 | €37,945 | €41,560 | ▲ 9.5% |
| Investment in fixed assets (approximation) | - | -€8,451 | -€24,362 | ▼ 188% |
| Change in cash | - | -€16,352 | -€18,732 | ▼ 14.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,135 companies had the same profile as LEYA has now. Two years later, 92.1% were still going and 5.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
92.1%
was still going
2.3%
stopped otherwise
5.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEYA itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,135 companies, not a prediction for LEYA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.