Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
LetsBuild Belgium SA from Braine-l'Alleud, company number BE0842720855, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year LetsBuild Belgium SA recorded a gross margin of € 3.5 million and equity of € -4.2 million. Compared with financial year 2024, the result moved from € 133,409 to € 1.1 million. Profitable, and profit is growing. 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 8, 2026.
€ -4.2 million
▲ € 726,139 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ € 965,381 vs 2024
Profit after tax over the fiscal year.
€ 203,333
▲ 37% 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 € -17 million.
People and assets in 2025
15.6
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 6% vs 2024
€ 91,800 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.
€ 744
▼ 87% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 417,703
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 332,354
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,428,373 | € 2,421,639 | € 3,320,899 | € 3,454,905 | ▲ 4% |
| Profit after taxes | € 469,992 | € -134,622 | € 133,409 | € 1,098,790 | ▲ € 965,381 |
| Equity | € -4,954,804 | € -5,089,426 | € -4,956,017 | € -4,229,878 | ▲ € 726,139 |
| Total debts | € 7,439,169 | € 8,011,071 | € 9,223,989 | € 8,083,698 | ▼ 12% |
| Cash | € 142,883 | € 297,168 | € 148,952 | € 203,333 | ▲ 37% |
| Retained profit | € -18,102,405 | € -18,237,027 | € -18,103,618 | € -17,004,828 | ▲ € 1.1 million |
| Bank debt | € 2,301,455 | € 2,302,095 | € 2,302,042 | € 0 | ▼ 100% |
| Balance sheet total | € 2,484,365 | € 2,921,645 | € 4,267,972 | € 3,853,821 | ▼ 10% |
| Employees (FTE) | 12.5 | 17.5 | 17.7 | 15.6 | ▼ 2.1 |
Key figures of LetsBuild Belgium SA, 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 LetsBuild Belgium SA?
What happened at LetsBuild Belgium SA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Causeway Technologies Limited stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.1 million (▲ € 965,381 vs 2024). Source: NBB ↗
- Causeway Technologies Limited became a director. NBB
- New establishment in Braine-l'Alleud. KBO
- Start of the company according to the CBE. KBO
In short
From € 469,992 profit in 2022 to € 1.1 million profit in 2025.
Paid € 172,359 in corporate taxes since 2022.
Best year ever: 2025, with € 1.1 million profit.
On average € 221,500 of value added per employee in 2025.
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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 Fortino Capital Venture I ARKIV, LetsBuild Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LetsBuild Belgium SAThe shares are held by Causeway Technologies Limited (100%), Fortino Capital Venture I ARKIV (10.8%) and LetsBuild Holding (0%).
Directors
According to the 2025 annual accounts
Causeway Technologies Limited
Director · represented by Philip BROWN
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Place du Luxembourg 1 box 5
1420 Braine-l'Alleud
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0842.720.855
- VAT number
- BE 0842.720.855
- Registered office
- Place du Luxembourg 1 bus 5, 1420 Braine-l'Alleud
- Names & denominations
- LetsBuild Belgium SA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 2012
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
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