Financials
Financial year 2025
LETH from Sint-Martens-Latem, company number BE0700457883, closed financial year 2025 with a result of € 12,748 after tax. For that financial year LETH recorded a gross margin of € 32,179 and equity of € 37,139. Compared with financial year 2024, the result moved from € 24,413 to € 12,748. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 22, 2025.
€ 37,139
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,748
▼ 48% vs 2024
Profit after tax over the fiscal year.
€ 17,152
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 12,358 paid out
97 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 29,761
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 19,218
▼ 25% vs 2024
€ 6,342 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2,977
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,048
▼ 36% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,206 | € -8,537 | € 32,021 | € 32,179 | |
| Profit after taxes | € 962 | € -18,625 | € 24,413 | € 12,748 | ▼ 48% |
| Equity | € 30,961 | € 12,336 | € 36,749 | € 37,139 | ▲ 1% |
| Total debts | € 81,772 | € 40,191 | € 54,302 | € 55,293 | ▲ 2% |
| Cash | € 91,805 | € 22,789 | € 54,567 | € 17,152 | ▼ 69% |
| Retained profit | € 18,561 | € -64 | € 24,349 | € 24,739 | ▲ 2% |
| Dividend | € 0 | € 0 | € 0 | € 12,358 | |
| Bank debt | € 37,871 | € 31,715 | € 25,497 | € 19,218 | ▼ 25% |
| Balance sheet total | € 112,732 | € 52,527 | € 91,051 | € 92,432 | ▲ 2% |
Key figures of LETH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to LETH?
What happened at LETH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,748 (▼ 48% vs 2024). Source: NBB ↗
- BRIGITTE MORNIE became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Sint-Martens-Latem. KBO
In short
From € 962 profit in 2022 to € 12,748 profit in 2025.
Paid € 8,027 in corporate taxes since 2022.
Best year ever: 2024, with € 24,413 profit.
Paid out € 12,358 in dividends to the owners in total.
Management
Behind LETH are Thibault Leusen and BRIGITTE MORNIE.
Directors
According to the 2025 annual accounts
Thibault Leusen
Director
BRIGITTE MORNIE
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Forestierspad 5
9830 Sint-Martens-Latem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
WEEBLY - Weebly, Inc., US
Website info
Features
Security
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- LEUSEN Thibault Anthony Cathérine Ghislain(oprichter) 100%
Details
- Company number
- 0700.457.883
- VAT number
- BE 0700.457.883
- Registered office
- Forestierspad 5, 9830 Sint-Martens-Latem
- Names & denominations
- LETH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 July 2018
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- leth.be
- Activities · NACE
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