LOCAL ENERGY SAVING SOLUTIONS 3
ActiveSummary
LOCAL ENERGY SAVING SOLUTIONS 3 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,690 and a net result of €7,455. Equity is shrinking by ~29.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 8% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+8
Solvency25=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
0.1%
Return on assets
0.2%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 7868 sector peers (2025).
NBB · sector comparisonPosition among 7868 sector peers
Solvency
better than 8%
← weakest
strongest →
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 15-01-2026, 16 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
16 d early
2024
23 d early
2023
14 d early
2022
1 d early
2021
on the day
2020
26 d late
2019
25 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 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€4,690▼ 18.8%
2024 · €5,778
Total assets
€4.7m▼ 11.1%
2024 · €5.2m
Net result
€7,455
2024 · -€85,088
Working capital
-€297,519▼ 5.2%
2024 · -€282,820
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€134,366▲ 3.9%€132,779▼ 1.2%€72,312▼ 45.5%€80,579▲ 11.4%€162,524▲ 102%
Net result-€54,823▲ 14.4%-€49,992▲ 8.8%-€101,676▼ 103%-€85,088▲ 16.3%€7,455
Equity€268,161▼ 8.5%€209,626▼ 21.8%€99,408▼ 52.6%€5,778▼ 94.2%€4,690▼ 18.8%
Total assets€6.3m▼ 5.5%€5.9m▼ 6.1%€5.5m▼ 5.9%€5.2m▼ 5.3%€4.7m▼ 11.1%
Debt€5.9m▼ 6.0%€5.5m▼ 6.0%€5.3m▼ 4.7%€5.0m▼ 4.2%€4.5m▼ 11.4%
Working capital-€176,054▲ 29.0%-€200,193▼ 13.7%-€270,987▼ 35.4%-€282,820▼ 4.4%-€297,519▼ 5.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 102% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€4.3m ▼ 8.1%
Current assets
€385,530 ▼ 35.0%
Equity and liabilities €4.7m
Equity
€4,690 ▼ 18.8%
Provisions
€185,585 ▼ 3.1%
Debt
€4.5m ▼ 11.4%
Debt's share of the balance-sheet total falls from 96.2% to 95.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€538,563▲
2024 · €456,619
Cash flow
€383,494▲
2024 · €290,952
Current ratio
0.56▼
2024 · 0.68
ROE
158.9%
ROA
0.2%▲
2024 · -1.6%
Interest coverage
3.24▲
2024 · 2.58
Debt ≤ 1 year
€683,049▼
2024 · €875,548
Debt > 1 year
€3.8m▼
2024 · €4.1m
A ratio outside any meaningful range has been withheld (balance sheet total €4.7m, equity €4,690).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €373,511 | €378,775 | €378,815 | €376,040 | €376,040 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €31,000 | €28,709 | €26,587 | -€3,137 | ▼ 112% |
| Other operating charges640/8 | - | €1,509 | €1,858 | €20,185 | €1,146 | ▼ 94.3% |
| Gross operating margin9900 | €552,329 | €544,062 | €481,694 | €503,391 | €536,572 | ▲ 6.6% |
| Operating profit (loss)9901 | €134,366 | €132,779 | €72,312 | €80,579 | €162,524 | ▲ 102% |
| Financial income75/76B | - | €8,559 | €8,542 | €8,542 | €8,542 | = |
| Recurring financial income75 | €8,542 | €8,559 | €8,542 | €8,542 | €8,542 | = |
| Financial charges65/66B | - | €194,177 | €185,377 | €177,057 | €166,459 | ▼ 6.0% |
| Recurring financial charges65 | €200,579 | €194,177 | €185,377 | €177,057 | €166,459 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | -€57,671 | -€52,840 | -€104,523 | -€87,935 | €4,607 | ▲ 105% |
| Transfer from deferred taxes780 | - | €2,847 | €2,847 | €2,847 | €2,847 | = |
| Profit (loss) for the period9904 | -€54,823 | -€49,992 | -€101,676 | -€85,088 | €7,455 | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | -€54,823 | -€49,992 | -€101,676 | -€85,088 | €7,455 | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.3m | €5.9m | €5.5m | €5.2m | €4.7m | ▼ 11.1% |
| Formation expenses20 | €769 | €353 | €0 | - | - | - |
| Fixed assets21/28 | €5.8m | €5.4m | €5.0m | €4.6m | €4.3m | ▼ 8.1% |
| Intangible fixed assets21 | €588,940 | €548,804 | €508,668 | €468,532 | €428,396 | ▼ 8.6% |
| Tangible fixed assets22/27 | €5.2m | €4.9m | €4.5m | €4.2m | €3.8m | ▼ 8.0% |
| Plant, machinery and equipment23 | - | €4.9m | €4.5m | €4.2m | €3.8m | ▼ 8.0% |
| Current assets29/58 | €455,032 | €448,576 | €481,099 | €592,727 | €385,530 | ▼ 35.0% |
| Amounts receivable within one year40/41 | €196,396 | €197,226 | €244,965 | €236,668 | €160,223 | ▼ 32.3% |
| Trade receivables40 | - | €197,226 | €244,965 | €236,668 | €160,223 | ▼ 32.3% |
| Cash at bank and in hand54/58 | €253,578 | €246,171 | €230,944 | €347,130 | €221,330 | ▼ 36.2% |
| Deferred charges and accrued income490/1 | - | €5,179 | €5,189 | €8,929 | €3,977 | ▼ 55.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.3m | €5.9m | €5.5m | €5.2m | €4.7m | ▼ 11.1% |
| Equity10/15 | €268,161 | €209,626 | €99,408 | €5,778 | €4,690 | ▼ 18.8% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Issued capital100 | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Profit (loss) carried forward14 | -€145,288 | -€195,280 | -€296,956 | -€382,044 | -€374,589 | ▲ 2.0% |
| Investment grants15 | - | €104,906 | €96,364 | €87,822 | €79,279 | ▼ 9.7% |
| Provisions and deferred taxes16 | €113,816 | €141,969 | €167,831 | €191,570 | €185,585 | ▼ 3.1% |
| Provisions for liabilities and charges160/5 | - | €107,000 | €135,709 | €162,296 | €159,159 | ▼ 1.9% |
| Major repairs and maintenance162 | - | €107,000 | €135,709 | €162,296 | €159,159 | ▼ 1.9% |
| Deferred taxes168 | - | €34,969 | €32,121 | €29,274 | €26,426 | ▼ 9.7% |
| Amounts payable17/49 | €5.9m | €5.5m | €5.3m | €5.0m | €4.5m | ▼ 11.4% |
| Amounts payable after more than one year17 | €5.2m | €4.9m | €4.5m | €4.1m | €3.8m | ▼ 8.8% |
| Financial debts170/4 | - | €4.9m | €4.5m | €4.1m | €3.8m | ▼ 8.8% |
| Amounts payable within one year42/48 | €631,085 | €648,769 | €752,085 | €875,548 | €683,049 | ▼ 22.0% |
| Current portion of amounts payable after more than one year42 | - | €364,000 | €364,000 | €455,000 | €364,000 | ▼ 20.0% |
| Trade debts44 | €145,949 | €205,748 | €249,785 | €248,756 | €248,970 | ▲ 0.1% |
| Suppliers440/4 | - | €205,748 | €249,785 | €248,756 | €248,970 | ▲ 0.1% |
| Taxes, remuneration and social security45 | - | €24,020 | €17,301 | €21,792 | €20,079 | ▼ 7.9% |
| Taxes450/3 | - | €24,020 | €17,301 | €21,792 | €20,079 | ▼ 7.9% |
| Other amounts payable47/48 | - | €55,000 | €121,000 | €150,000 | €50,000 | ▼ 66.7% |
| Accrued charges and deferred income492/3 | - | €0 | - | €19,666 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€54,823 | -€49,992 | -€101,676 | -€85,088 | €7,455 | ▲ 109% |
| + Depreciation and write-downs630 | €373,511 | €378,775 | €378,815 | €376,040 | €376,040 | = |
| Operating cash flow (approximation) | €318,688 | €328,783 | €277,139 | €290,952 | €383,494 | ▲ 31.8% |
| Investment in fixed assets (approximation) | - | -€1,013 | -€1,606 | €26,351 | €0 | ▼ 100% |
| Change in cash | - | -€7,407 | -€15,227 | €116,186 | -€125,800 | ▼ 208% |
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
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €7,455
Net result €7,455 after 6 loss-making years.
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet -€101,676
Net result drops to -€101,676, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2018
Ground area
2,277 m²
Building footprint
281 m²
Volume, LiDAR
4,129 m³
Parcel 44806F0399/00H000, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
95
companies at this address
See who is registered here
1 establishment unit
LESS3
since 20182.291.455.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0399/00H000 | Flanders | 2,277 m² | 1 · 281 m² | 17.8 m · 5 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
Aquasec
BE 1002.226.071
Nazareth-De Pinte · Eq €4,697
MAT-MAX
BE 0503.896.786
Zoersel · Eq €4,723
DAVASTI
BE 0835.971.338
Wijnegem · Eq €4,658
MLM CONSTRUCT
BE 1023.322.284
Anderlecht · Eq €4,623
THEO FLOR
BE 0861.132.346
Beersel · Eq €4,620
Of 7,299 companies in sector 43350 we hold annual accounts for 2,360. 969 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
Founded07-05-2018
Fiscal year end30-06
Activities, NACEBEL 2025
43350Other building finishing work
68110Buying and selling of own real estate
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.