Thibault LEONARD
ActiveThibault LEONARD has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-86k) and a net result of €-19k. Equity is shrinking by ~60.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.07 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-96.6%
Return on assets
-21.8%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€86k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
29 d late
2023
21 d late
2022
18 d late
2021
61 d early
2020
11 d early
2019
49 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-86k▼ 29.1%
2024 · €-67k
2018: €4k
2019: €-2k
2020: €-5k
2021: €-16k
2022: €-41k
2023: €-26k
2024: €-67k
2018 → 2025
Total assets
€89k▲ 1.1%
2024 · €88k
2018: €69k
2019: €354k
2020: €298k
2021: €235k
2022: €342k
2023: €157k
2024: €88k
2018 → 2025
Net result
€-19k▲ 52.0%
2024 · €-40k
2018: €-20k
2019: €-6k
2020: €-2k
2021: €-11k
2022: €-25k
2023: €15k
2024: €-40k
2018 → 2025
Working capital
€-140k▲ 1.2%
2024 · €-142k
2018: €-47k
2019: €-46k
2020: €-41k
2021: €-54k
2022: €-116k
2023: €-120k
2024: €-142k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-16k-€-41k▼ 155%€-26k▲ 35.8%€-67k▼ 154%€-86k▼ 29.1%
Operating result€-10k-€-22k▼ 122%€12k€-39k€-18k▲ 53.3%
Net result€-11k-€-25k▼ 116%€15k€-40k€-19k▲ 52.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2025 against €39k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89k
Fixed assets
€54k▼ 29.2%
Current assets
€35k▲ 205%
Key figures and ratios
EBITDA
€4k▲
2024 · €-16k
Cash flow
€3k▲
2024 · €-17k
Solvency
-96.6%▼
2024 · -75.7%
Current ratio
0.20▲
2024 · 0.07
Quick ratio
0.20▲
2024 · 0.07
Debt / equity
-2.04▲
2024 · -2.32
ROE
22.5%▼
2024 · 60.7%
ROA
-21.8%▲
2024 · -45.9%
Interest coverage
2.96▲
2024 · -10.51
Debt
€175k▲
2024 · €155k
Debt ≤ 1 year
€175k▲
2024 · €153k
Income taxes
€0▼
2024 · €0
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€88k€89k▲
Fixed assets21/28€77k€54k▼
Tangible fixed assets22/27€77k€54k▼
Land and buildings22€16k€10k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€58k€43k▼
Current assets29/58€11k€35k▲
Amounts receivable within one year40/41€1k€25k▲
Trade receivables40-€24k
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€9k€9k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€88k€89k▲
Equity10/15€-67k€-86k▼
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Other1109/19€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-89k€-108k▼
Amounts payable17/49€155k€175k▲
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€153k€175k▲
Current portion of amounts payable after more than one year42€5k€1k▼
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Other amounts payable47/48€145k€172k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Other operating charges640/8€548€161▼
Gross operating margin9900€-15k€4k▲
Operating profit (loss)9901€-39k€-18k▲
Financial income75/76B€1€203▲
Recurring financial income75€1€203▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-40k€-19k▲
Income taxes67/77€0€0▼
Profit (loss) for the period9904€-40k€-19k▲
Profit (loss) for the period to be appropriated9905€-40k€-19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-89k€-108k▼
Profit (loss) brought forward from the previous period14P€-48k€-89k▼
The notes to these accounts (3 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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-40k ▼377%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after 5 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Grez-Doiceau · 1 establishment unit since 2008
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.
Rue du Centry 221390 Grez-DoiceauGround area
2,357 m²
Building footprint
379 m²
Volume, LiDAR
1,297 m³
2 parcels, Wallonia · tallest building 5.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thibault LEONARD
since 20082.208.259.636
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25052A0076/00N000 | Wallonia | 1,353 m² | 1 · 279 m² | 5.2 m · 2 fl. |
| 25037G0220/00F000 | Wallonia | 1,004 m² | 1 · 100 m² | - |
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.
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Of 10,620 companies in sector 47811 we hold annual accounts for 5,193. 1,332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-07-2008
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
41001General construction of residential buildings
68121Development of residential building projects
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
45204
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.