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 28 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LEDAP from Brugge, company number BE0553673822, closed financial year 2025 with a result of € 50,601 after tax. For that financial year LEDAP recorded a gross margin of € 1.5 million and equity of € 1 million. Compared with financial year 2024, the result moved from € 30,097 to € 50,601. 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 9, 2026.
€ 1 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 50,601
▲ 68% vs 2024
Profit after tax over the fiscal year.
€ 47,912
▼ 91% 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 € 693,488.
People and assets in 2025
14.1
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 2% vs 2024
€ 72,200 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.
€ 2,512
▼ 86% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 921,006
▼ 22% vs 2024
€ 228,587 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 519,151
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 78,857
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 274,700 | € 1,543,075 | € 1,631,202 | € 1,547,187 | ▼ 5% |
| Profit after taxes | € 64,717 | € 46,001 | € 30,097 | € 50,601 | ▲ 68% |
| Equity | € 568,662 | € 962,790 | € 992,887 | € 1,043,488 | ▲ 5% |
| Total debts | € 1,132,969 | € 3,171,873 | € 3,077,726 | € 2,042,796 | ▼ 34% |
| Cash | € 40,530 | € 250,843 | € 556,951 | € 47,912 | ▼ 91% |
| Land & buildings | € 956,841 | € 923,163 | € 133,808 | € 127,837 | ▼ 4% |
| Retained profit | € 418,662 | € 612,790 | € 642,887 | € 693,488 | ▲ 8% |
| Bank debt | € 983,073 | € 2,312,739 | € 1,180,898 | € 921,006 | ▼ 22% |
| Balance sheet total | € 1,701,632 | € 4,134,663 | € 4,070,614 | € 3,086,284 | ▼ 24% |
| Employees (FTE) | 0.4 | 14.3 | 16 | 14.1 | ▼ 1.9 |
Key figures of LEDAP, 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 LEDAP?
What happened at LEDAP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PADELWORLD BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 50,601 (▲ 68% vs 2024). Source: NBB ↗
- QUILAUDEM BV became a director. NBB
- Bever Consulting BV stepped down as director. NBB
- Bever Consulting BV became a director. NBB
- Rio Management BV stepped down as director. NBB
- New establishment in Waregem. KBO
- New establishment in Mechelen. KBO
In short
From € 64,717 profit in 2022 to € 50,601 profit in 2025.
Paid € 71,641 in corporate taxes since 2022.
Best year ever: 2022, with € 64,717 profit.
On average € 109,700 of value added per employee in 2025.
Management
The stake of PADELWORLD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LEDAPBehind LEDAP is QUILAUDEM BV. The shares are held by PADELWORLD (100%). It owns 51% of Bandeja BV and 29.8% of Arenal Immo Holding itself.
Directors
According to the 2025 annual accounts
Director · represented by Nathalie Van Den Haute
Also active at: PAIRI DAIZA, Ekopak, LIZY Belgium, STOETEL, DUMA SPORTS, PADELWORLD, Comate Holding, Comate Ventures +4 more
since 2026
Director · represented by Els Degroote
Also active at: Smartphoto group, WEDIM, ENSO HOSPITALITY, AS2, miDiagnostics, Triginta, ATCARS, OTRA Solutions +11 more
since 2025 · until 2026
since 2022 · until 2028
Director · represented by Anthony Piette
Also active at: RIANT SEJOUR, LE SANGLIER DES ARDENNES, Immo Sanglier des Ardennes, FM-A INVEST, LA RESERVE INVEST, ARE³, STOETEL, ARE³ Development +11 more
since 2022 · until 2025
Shareholders
100%
Participations
51%
29.8%
Establishments
Establishment units
Physical locations of this company
Pierre Debbautstraat 6
8200 Brugge
Geralaan 51
8310 Brugge
Active since 6 June 2014
Franklin Rooseveltlaan 155
8790 Waregem
Active since 19 July 2023
Kruisbaan 56
2800 Mechelen
Active since 19 July 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Peaklevel
€ 6,266 gross margin · 2025
Ledap VAT
STOETEL same network
€ 852,081 gross margin · 2025
KOKORO BUSINESS
€ -13,984 gross margin · 2025
DUMA SPORTS same network
€ 1.3 million gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0553.673.822
- VAT number
- BE 0553.673.822
- Registered office
- Pierre Debbautstraat 6, 8200 Brugge
- Names & denominations
- LEDAP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 2014
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Exploitatie van sportaccommodaties