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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
LECO from Pepingen, company number BE0455576732, closed financial year 2024 with a result of € -105,980 after tax. For that financial year LECO recorded a gross margin of € -10,592 and equity of € -130,172. Compared with financial year 2023, the result moved from € -144,638 to € -105,980. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2025.
€ -130,172
▼ € 105,980 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -105,980
▲ 27 % less loss than in 2023
Profit after tax over the fiscal year.
€ 21,095
▲ 73% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -192,145.
People and assets in 2024
€ 12,402
▼ 25% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.4 million
▼ 5% vs 2023
€ 72,364 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 64,574
▼ 7% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 102,480 | € -24,112 | € -24,663 | € -10,592 | ▲ € 14,071 |
| Profit after taxes | € 35,727 | € -81,084 | € -144,638 | € -105,980 | ▲ € 38,658 |
| Equity | € 201,530 | € 120,446 | € -24,192 | € -130,172 | ▼ € 105,980 |
| Total debts | € 801,781 | € 1,559,776 | € 1,562,093 | € 1,670,099 | ▲ 7% |
| Cash | € 7,761 | € 95,457 | € 12,176 | € 21,095 | ▲ 73% |
| Land & buildings | € 652,351 | € 1,237,024 | € 1,203,663 | € 1,154,757 | ▼ 4% |
| Retained profit | € 139,557 | € 58,473 | € -86,165 | € -192,145 | ▼ € 105,980 |
| Bank debt | € 656,664 | € 1,363,720 | € 1,437,878 | € 1,367,111 | ▼ 5% |
| Balance sheet total | € 1,038,208 | € 1,680,222 | € 1,537,901 | € 1,539,927 |
Key figures of LECO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to LECO?
What happened at LECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 105,980. Source: NBB ↗
- New establishment in Schaarbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,727 profit in 2021 to € 105,980 loss in 2024.
Paid € 816 in corporate taxes since 2021.
Best year ever: 2021, with € 35,727 profit.
Establishments
Establishment units
Physical locations of this company
Molenhofstraat(H) 24
1670 Pepingen
Rogierlaan 232
1030 Schaarbeek
Active since 6 September 1995
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0455.576.732
- VAT number
- BE 0455.576.732
- Registered office
- Molenhofstraat(H) 24, 1670 Pepingen
- Names & denominations
- LECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 1995
- Peppol
- Active · Active since 12 Feb 2025
- Activities · NACE
Schoonheidsverzorging en andere schoonheidsbehandelingen
Schoonheidsverzorging
Ontwikkeling van residentiële bouwprojecten
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Handel in eigen onroerend goed