Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 13.2 to 10.6.
Financials
Financial year 2025
Laboratorium voor Electronische Toepassingen L.E.T. from Deinze, company number BE0401029672, closed financial year 2025 with a result of € 51,796 after tax. For that financial year Laboratorium voor Electronische Toepassingen L.E.T. recorded a gross margin of € 1.1 million and equity of € 788,963. Compared with financial year 2024, the result moved from € 91,521 to € 51,796. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 788,963
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,796
▼ 43% vs 2024
Profit after tax over the fiscal year.
€ 502,628
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 703,780.
People and assets in 2025
10.6
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 855,514
▼ 5% vs 2024
€ 80,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 73,866
▲ 87% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▲ 15% vs 2024
€ 140,761 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 103,968
▲ 159% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 153,677
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,302,012 | € 1,513,358 | € 1,153,773 | € 1,061,835 | ▼ 8% |
| Profit after taxes | € 157,391 | € 295,464 | € 91,521 | € 51,796 | ▼ 43% |
| Equity | € 850,182 | € 645,646 | € 737,166 | € 788,963 | ▲ 7% |
| Total debts | € 1,586,647 | € 1,576,583 | € 1,866,612 | € 1,798,752 | ▼ 4% |
| Cash | € 1,008,463 | € 785,777 | € 621,858 | € 502,628 | ▼ 19% |
| Land & buildings | € 182,050 | € 129,537 | € 151,612 | € 119,791 | ▼ 21% |
| Retained profit | € 764,999 | € 560,463 | € 651,983 | € 703,780 | ▲ 8% |
| Dividend | € 0 | € 500,000 | € 0 | € 0 | |
| Bank debt | € 1,098,261 | € 1,066,930 | € 983,724 | € 1,131,285 | ▲ 15% |
| Balance sheet total | € 2,436,829 | € 2,222,228 | € 2,603,778 | € 2,587,714 | ▼ 1% |
| Employees (FTE) | 13.5 | 13.2 | 11.2 | 10.6 | ▼ 0.6 |
Key figures of Laboratorium voor Electronische Toepassingen L.E.T., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Laboratorium voor Electronische Toepassingen L.E.T.?
What happened at Laboratorium voor Electronische Toepassingen L.E.T. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MICHAEL VANDEWALLE stepped down as director. NBB
- LUC VANDEWALLE stepped down as director. NBB
- HANA FEJTOVA stepped down as director. NBB
- FORMETCO NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 51,796 (▼ 43% vs 2024). Source: NBB ↗
- ANNA ROOSEN stepped down as director. NBB
- MICHAEL VANDEWALLE became a director. NBB
- LUC VANDEWALLE became a director. NBB
In short
From € 157,391 profit in 2022 to € 51,796 profit in 2025.
Paid € 210,730 in corporate taxes since 2022.
Best year ever: 2023, with € 295,464 profit.
On average € 100,200 of value added per employee in 2025.
A new publication or filing at Laboratorium voor Electronische Toepassingen L.E.T.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of FORMETCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Laboratorium voor Electronische Toepassingen L.E.T.The shares are held by FORMETCO (99.6%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
LUC VANDEWALLE
Chairman of the board
Also active at: FIN - COL, DOMO INVESTMENT GROUP, LET AUTOMOTIVE, DELTRO SYSTEEMTECHNIEK, ALINSO GROUP
since 2021 · until 2027
HANA FEJTOVA
Managing director
Also active at: LET ENGINEERING, LET AUTOMOTIVE, DELTRO SYSTEEMTECHNIEK
since 2021 · until 2027
Managing director · represented by JOSEPHUS VANDEWALLE
Also active at: LET ENGINEERING, LET AUTOMOTIVE, DELTRO SYSTEEMTECHNIEK
since 2021 · until 2027
since 2020 · until 2026
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vaartlaan 20
9800 Deinze
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.029.672
- VAT number
- BE 0401.029.672
- Registered office
- Vaartlaan 20, 9800 Deinze
- Names & denominations
- Laboratorium voor Electronische Toepassingen L.E.T.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 May 1967
- Peppol
- Active · Active since 2 Sept 2025
- Contact
- [email protected]
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