LEYS
ActiveSummary
LEYS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €836,480 and a net result of €82,804. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 29% of 317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-10
Solvency50▼-6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.26 in 2024; short-term debt: 50.5% and cash: 0.6% of total assets), and 74.6% 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○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
25.4%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
55 d early
2023
30 d late
2022
150 d early
2021
33 d early
2020
26 d late
2019
32 d late
← 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 19 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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 28 June (4 of the last 5 filed years within 64 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€82,804▼ 54.9%
2024 · €183,630
Working capital
€210,361▼ 50.7%
2024 · €426,559
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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
Operating result€56,645▼ 40.8%€54,465▼ 3.8%€138,622▲ 155%€290,387▲ 109%€159,560▼ 45.1%
Net result€27,814within the sector's middle half▼ 58.7%€5,254below the sector's middle half▼ 81.1%€15,377within the sector's middle half▲ 193%€183,630within the sector's middle half▲ 1,094%€82,804within the sector's middle half▼ 54.9%
Equity€966,762within the sector's middle half▲ 3.0%€972,015within the sector's middle half▲ 0.5%€987,392within the sector's middle half▲ 1.6%€1.2mwithin the sector's middle half▲ 18.6%€836,480within the sector's middle half▼ 28.6%
Total assets€4.2mabove the sector's middle half▲ 22.0%€3.6mabove the sector's middle half▼ 14.3%€3.8mabove the sector's middle half▲ 7.5%€3.7mabove the sector's middle half▼ 2.1%€3.3mwithin the sector's middle half▼ 12.1%
Debt€3.2m▲ 29.3%€2.6m▼ 18.8%€2.8m▲ 9.7%€2.6m▼ 9.3%€2.5m▼ 4.6%
Working capital€252,146within the sector's middle half▼ 60.7%€327,512within the sector's middle half▲ 29.9%€360,611within the sector's middle half▲ 10.1%€426,559within the sector's middle half▲ 18.3%€210,361within the sector's middle half▼ 50.7%
Solvency23.3%within the sector's middle half▼ 4.3pp27.3%within the sector's middle half▲ 4.0pp25.8%within the sector's middle half▼ 1.5pp31.3%within the sector's middle half▲ 5.5pp25.4%within the sector's middle half▼ 5.9pp
Current ratio1.09below the sector's middle half▼ 0.281.20within the sector's middle half▲ 0.101.23below the sector's middle half▲ 0.041.26within the sector's middle half▲ 0.021.13below the sector's middle half▼ 0.13
Return on assets (ROA)0.7%below the sector's middle half▼ 1.3pp0.1%below the sector's middle half▼ 0.5pp0.4%below the sector's middle half▲ 0.3pp4.9%within the sector's middle half▲ 4.5pp2.5%within the sector's middle half▼ 2.4pp
Staff (FTE)18.7above the sector's middle half=20above the sector's middle half▲ 7.0%19.1above the sector's middle half▼ 4.5%18.2above the sector's middle half▼ 4.7%17.6within the sector's middle half▼ 3.3%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -55% on 2024. Partial demerger to KTEMA, effective 01-07-2025. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€1.4m ▼ 13.8%
Current assets
€1.9m ▼ 10.8%
Equity and liabilities €3.3m
Equity
€836,480 ▼ 28.6%
Debt
€2.5m ▼ 4.6%
Debt's share of the balance-sheet total rises from 68.7% to 74.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€447,331▼
2024 · €636,748
Cash flow
€370,574▼
2024 · €529,991
Quick ratio
0.51▼
2024 · 0.64
Debt to equity
2.93▲
2024 · 2.20
ROE
9.9%▼
2024 · 15.7%
Interest coverage
4.90▼
2024 · 5.81
Debt ≤ 1 year
€1.7m▼
2024 · €1.7m
Debt > 1 year
€774,829▼
2024 · €885,313
Income taxes
€176▲
2024 · €174
Staff costs
€1.0m▲
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% 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 4,678 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €17,500 | €40,240 | €0 | - | €113,292 | - |
| Remuneration, social security and pensions62 | €970,162 | €982,427 | €1.0m | €1.0m | €1.0m | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €200,469 | €293,017 | €331,119 | €346,361 | €287,770 | ▼ 16.9% |
| Other operating charges640/8 | €21,373 | €23,266 | €17,158 | €19,823 | €41,317 | ▲ 108% |
| Non-recurring operating charges66A | - | - | €73,877 | €0 | - | - |
| Gross operating margin9900 | €1.2m | €1.4m | €1.6m | €1.7m | €1.5m | ▼ 9.7% |
| Operating profit (loss)9901 | €56,645 | €54,465 | €138,622 | €290,387 | €159,560 | ▼ 45.1% |
| Financial income75/76B | €21,547 | €14,090 | €18,420 | €2,969 | €14,636 | ▲ 393% |
| Recurring financial income75 | €21,547 | €13,990 | €18,420 | €2,969 | €14,636 | ▲ 393% |
| Non-recurring financial income76B | - | €100 | €0 | - | - | - |
| Financial charges65/66B | €50,220 | €63,146 | €141,501 | €109,552 | €91,216 | ▼ 16.7% |
| Recurring financial charges65 | €50,220 | €63,146 | €87,041 | €109,552 | €91,216 | ▼ 16.7% |
| Non-recurring financial charges66B | - | - | €54,461 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €27,972 | €5,409 | €15,541 | €183,804 | €82,980 | ▼ 54.9% |
| Income taxes67/77 | €158 | €155 | €164 | €174 | €176 | ▲ 1.0% |
| Profit (loss) for the period9904 | €27,814 | €5,254 | €15,377 | €183,630 | €82,804 | ▼ 54.9% |
| Profit (loss) for the period to be appropriated9905 | €27,814 | €5,254 | €15,377 | €183,630 | €82,804 | ▼ 54.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €3.6m | €3.8m | €3.7m | €3.3m | ▼ 12.1% |
| Formation expenses20 | €76,726 | €38,363 | €0 | - | - | - |
| Fixed assets21/28 | €1.1m | €1.5m | €1.9m | €1.6m | €1.4m | ▼ 13.8% |
| Intangible fixed assets21 | €121,000 | €78,000 | €44,194 | €7,256 | €77,779 | ▲ 972% |
| Tangible fixed assets22/27 | €960,351 | €1.4m | €1.9m | €1.6m | €1.3m | ▼ 18.2% |
| Land and buildings22 | €474,836 | €452,366 | €422,795 | €434,290 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €384,081 | €451,519 | €965,341 | €831,108 | €792,414 | ▼ 4.7% |
| Furniture and vehicles24 | €3,583 | €5,754 | €45,877 | €40,218 | €28,072 | ▼ 30.2% |
| Leasing and similar rights25 | €97,851 | €532,275 | €432,212 | €333,904 | €521,297 | ▲ 56.1% |
| Current assets29/58 | €3.0m | €2.0m | €1.9m | €2.1m | €1.9m | ▼ 10.8% |
| Amounts receivable after more than one year29 | €557,005 | €377,181 | €385,976 | €400,450 | €211,378 | ▼ 47.2% |
| Other amounts receivable291 | €557,005 | €377,181 | €385,976 | €400,450 | €211,378 | ▼ 47.2% |
| Stocks and contracts in progress3 | €1.8m | €913,823 | €900,000 | €1.0m | €1.0m | ▲ 0.4% |
| Stocks30/36 | €696,757 | €763,823 | €550,000 | €601,096 | €573,632 | ▼ 4.6% |
| Contracts in progress37 | €1.1m | €150,000 | €350,000 | €422,177 | €453,767 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €485,348 | €653,501 | €577,451 | €623,705 | €611,851 | ▼ 1.9% |
| Trade receivables40 | €440,059 | €629,374 | €509,943 | €602,438 | €559,995 | ▼ 7.0% |
| Other amounts receivable41 | €45,288 | €24,127 | €67,508 | €21,266 | €51,855 | ▲ 144% |
| Cash at bank and in hand54/58 | €153,001 | €55,621 | €50,451 | €49,969 | €20,760 | ▼ 58.5% |
| Deferred charges and accrued income490/1 | €1,577 | €386 | €1,963 | €386 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €3.6m | €3.8m | €3.7m | €3.3m | ▼ 12.1% |
| Equity10/15 | €966,762 | €972,015 | €987,392 | €1.2m | €836,480 | ▼ 28.6% |
| Contributions10/11 | €390,000 | €390,000 | €390,000 | €390,000 | €313,278 | ▼ 19.7% |
| Capital10 | €390,000 | €390,000 | €390,000 | €390,000 | €313,278 | ▼ 19.7% |
| Issued capital100 | €390,000 | €390,000 | €390,000 | €390,000 | €313,278 | ▼ 19.7% |
| Revaluation surpluses12 | €285,860 | €263,278 | €240,695 | €218,113 | €0 | ▼ 100% |
| Reserves13 | €106,746 | €129,328 | €151,910 | €562,000 | €520,442 | ▼ 7.4% |
| Non-distributable reserves130/1 | €39,000 | €39,000 | €39,000 | €39,000 | €31,328 | ▼ 19.7% |
| Legal reserve130 | €39,000 | €39,000 | €39,000 | €39,000 | €31,328 | ▼ 19.7% |
| Distributable reserves133 | €67,746 | €90,328 | €112,910 | €523,000 | €489,114 | ▼ 6.5% |
| Profit (loss) carried forward14 | €184,156 | €189,410 | €204,786 | €908 | €2,760 | ▲ 204% |
| Amounts payable17/49 | €3.2m | €2.6m | €2.8m | €2.6m | €2.5m | ▼ 4.6% |
| Amounts payable after more than one year17 | €442,783 | €909,801 | €1.3m | €885,313 | €774,829 | ▼ 12.5% |
| Financial debts170/4 | €442,783 | €909,801 | €1.3m | €885,313 | €774,829 | ▼ 12.5% |
| Amounts payable within one year42/48 | €2.7m | €1.7m | €1.6m | €1.7m | €1.7m | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €181,975 | €248,571 | €427,744 | €387,204 | €429,107 | ▲ 10.8% |
| Financial debts43 | €899,521 | €1.0m | €753,002 | €890,000 | €887,500 | ▼ 0.3% |
| Credit institutions430/8 | €899,521 | €1.0m | €753,002 | €890,000 | €887,500 | ▼ 0.3% |
| Other loans439 | €0 | - | - | - | - | - |
| Trade debts44 | €337,857 | €297,366 | €263,757 | €279,683 | €201,580 | ▼ 27.9% |
| Suppliers440/4 | €337,857 | €297,366 | €263,757 | €279,683 | €201,580 | ▼ 27.9% |
| Advances received on contracts in progress46 | €1.2m | €2,792 | €2,792 | €0 | - | - |
| Taxes, remuneration and social security45 | €99,018 | €102,159 | €107,936 | €114,337 | €142,838 | ▲ 24.9% |
| Taxes450/3 | €158 | €155 | €164 | €7,591 | €21,265 | ▲ 180% |
| Remuneration and social security454/9 | €98,861 | €102,004 | €107,772 | €106,746 | €121,573 | ▲ 13.9% |
| Accrued charges and deferred income492/3 | €679 | €3,972 | €11,213 | €16,999 | €18,614 | ▲ 9.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,814 | €5,254 | €15,377 | €183,630 | €82,804 | ▼ 54.9% |
| + Depreciation and write-downs630 | €200,469 | €293,017 | €331,119 | €346,361 | €287,770 | ▼ 16.9% |
| Operating cash flow (approximation) | €228,283 | €298,270 | €346,496 | €529,991 | €370,574 | ▼ 30.1% |
| Investment in fixed assets (approximation) | - | -€731,579 | -€721,624 | -€82,718 | -€60,556 | ▲ 26.8% |
| Change in cash | - | -€97,380 | -€5,169 | -€482 | -€29,209 | ▼ 5,957% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
19-01
State Gazette act
Capital & shares · RestructuringPermanent representative: LEYS Luc · Demerger · Real estate13 facts ▸
State Gazette act
Capital & shares · Restructuring
Permanent representative: LEYS Luc · Demerger · Real estate13 facts ▸
- General meeting, 23-12-2025
- Demerger, partial split, oprichting van de besloten vennootschap KTEMA
- Real estate, Werkplaats op en met grond gelegen Industrielaan, 30, Aalst-Erembodegem
- Net-asset statement, 30-06-2025
- Share issue, new shares, 1000
- Permanent representative, LEYS Luc
- Mandate compensation, LUC LEYS
- Capital decrease, €76.721,74
- Capital, €313.278,26
- Power of attorney, LEYS Luc
- Power of attorney, AXIS FINANCE
- Accounting effect, 01-07-2025
- +1 further facts in this act
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €183,630 ▲1,094%
Operating result €290,387, net result €183,630, both a record.
31-12
Financial
Equity above €1mEq €1.2m ▲18.6%
7 profitable years in a row build equity to €1.2m.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
03-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 1986
Ground area
2.0 ha
Building footprint
9,182 m²
Volume, LiDAR
16,118 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LEYS NV
since 19862.035.623.390
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B1005/00B002 | Flanders | 1.5 ha | 1 · 6,864 m² | - |
| 41342B1046/00T000 | Flanders | 4,967 m² | 1 · 2,318 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:KTEMA
Capital and shareholders
Capital over the years
- 19-01-2026 Capital reduction of 76,721.74 EUR · to 313,278.26 EUR
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 212,911 EUR awarded · 212,911 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 151 EUR | 151 EUR |
| 2024 | 1 | 0 EUR | 42,620 EUR |
| 2023 | 2 | 0 EUR | 85,250 EUR |
| 2022 | 2 | 212,760 EUR | 84,890 EUR |
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Of 211 companies in sector 28299 we hold annual accounts for 154. 113 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
Founded10-07-1986
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
28299Manufacture of machinery and equipment not elsewhere classified
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429180062
Also
9925:BE0429180062
Registered
30-01-2025
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.