Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Lecos from Gent, company number BE0448511271, closed financial year 2025 with a result of € 84,892 after tax. For that financial year Lecos recorded a gross margin of € 168,305 and equity of € 332,651. Compared with financial year 2024, the result moved from € -77,942 to € 84,892. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 332,651
▲ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 84,892
▲ still € 77,942 loss in 2024
Profit after tax over the fiscal year.
€ 265,931
▼ 5% 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 € 314,059.
People and assets in 2025
€ 25,962
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 5% vs 2024
€ 57,980 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 213
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,251
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 24,407 | € 588,333 | € 1,539 | € 168,305 | ▲ € 166,766 |
| Profit after taxes | € -17,152 | € 110,780 | € -77,942 | € 84,892 | ▲ € 162,833 |
| Equity | € 214,921 | € 325,701 | € 247,759 | € 332,651 | ▲ 34% |
| Total debts | € 2,379,718 | € 2,103,878 | € 2,031,584 | € 1,879,843 | ▼ 7% |
| Cash | € 11,692 | € 457,192 | € 278,631 | € 265,931 | ▼ 5% |
| Land & buildings | - | € 1,906,973 | € 1,956,984 | € 1,909,467 | ▼ 2% |
| Retained profit | € 196,329 | € 307,109 | € 229,167 | € 314,059 | ▲ 37% |
| Bank debt | € 1,308,099 | € 1,183,412 | € 1,141,084 | € 1,083,891 | ▼ 5% |
| Balance sheet total | € 2,594,639 | € 2,429,579 | € 2,279,343 | € 2,212,494 | ▼ 3% |
Key figures of Lecos, 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 Lecos?
What happened at Lecos in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 84,892. Source: NBB ↗
- Jurgen Leybaert became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,152 loss in 2022 to € 84,892 profit in 2025.
Paid € 49,361 in corporate taxes since 2022.
Best year ever: 2023, with € 110,780 profit.
Management
Behind Lecos is Jurgen Leybaert.
Directors
According to the 2025 annual accounts
Jurgen Leybaert
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Zuidbroek 41 box A
9030 Gent
Zuidbroek 41A
9030 Gent
Active since 25 November 1992
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0448.511.271
- VAT number
- BE 0448.511.271
- Registered office
- Zuidbroek 41 bus A, 9030 Gent
- Names & denominations
- Lecos
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 1992
- Peppol
- Active · Active since 10 Oct 2025
- Activities · NACE
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