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 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Leutenez E&M Pigeons from Kluisbergen, company number BE0844636705, closed financial year 2025 with a result of € 1,236 after tax. For that financial year Leutenez E&M Pigeons recorded a gross margin of € 53,133 and equity of € 74,913. Compared with financial year 2024, the result moved from € -42,788 to € 1,236. 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 January 30, 2026.
€ 74,913
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,236
▲ still € 42,788 loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 56,363.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 25,444
▲ 123% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,264
▲ 181% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 127,059
▲ 63% vs 2024
€ 14,772 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 6,747
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,133
▲ 126% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 49,934 | € -3,324 | € -13,235 | € 53,133 | ▲ € 66,368 |
| Profit after taxes | € 18,837 | € -18,547 | € -42,788 | € 1,236 | ▲ € 44,023 |
| Equity | € 135,012 | € 116,465 | € 73,678 | € 74,913 | ▲ 2% |
| Total debts | € 91,531 | € 81,040 | € 92,437 | € 147,616 | ▲ 60% |
| Retained profit | € 116,462 | € 97,915 | € 55,128 | € 56,363 | ▲ 2% |
| Bank debt | € 71,685 | € 69,862 | € 78,170 | € 127,059 | ▲ 63% |
| Balance sheet total | € 226,543 | € 197,506 | € 166,115 | € 222,529 | ▲ 34% |
Key figures of Leutenez E&M Pigeons, 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 Leutenez E&M Pigeons?
What happened at Leutenez E&M Pigeons in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,236. Source: NBB ↗
- Maarten Leutenez became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Kruisem. KBO
In short
From € 18,837 profit in 2022 to € 1,236 profit in 2025.
Paid € 10,641 in corporate taxes since 2022.
Best year ever: 2022, with € 18,837 profit.
Management
Behind Leutenez E&M Pigeons is Maarten Leutenez.
Directors
According to the 2025 annual accounts
Maarten Leutenez
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Grote Herreweg 58
9690 Kluisbergen
Duifhuisstraat(KRU) 48
9770 Kruisem
Active since 1 March 2012
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0844.636.705
- VAT number
- BE 0844.636.705
- Registered office
- Grote Herreweg 58, 9690 Kluisbergen
- Names & denominations
- Leutenez E&M Pigeons
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 2012
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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