Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 21.5 to 18.1.
Financials
Financial year 2025
LET AUTOMOTIVE from Deinze, company number BE0878248787, closed financial year 2025 with a result of € -157,609 after tax. For that financial year LET AUTOMOTIVE recorded a gross margin of € 1.7 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -371,558 to € -157,609. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 1.7 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -157,609
▲ 58 % less loss than in 2024
Profit after tax over the fiscal year.
€ 294,782
▲ 128% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.6 million.
People and assets in 2025
18.1
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
€ 75,300 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.
€ 38,747
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.3 million
▲ 6% vs 2024
€ 121,681 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 1.9 million
Supplier invoices still open on the last day of the fiscal year.
€ 179,723
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,531,784 | € 1,384,658 | € 1,375,269 | € 1,680,101 | ▲ 22% |
| Profit after taxes | € -275,082 | € -396,498 | € -371,558 | € -157,609 | ▲ € 213,949 |
| Equity | € 2,630,114 | € 2,233,616 | € 1,862,058 | € 1,704,449 | ▼ 8% |
| Total debts | € 3,463,707 | € 3,987,118 | € 4,543,350 | € 4,648,243 | ▲ 2% |
| Cash | € 233,097 | € 218,248 | € 129,346 | € 294,782 | ▲ 128% |
| Retained profit | € 2,505,114 | € 2,108,616 | € 1,737,058 | € 1,579,449 | ▼ 9% |
| Bank debt | € 1,516,715 | € 2,137,561 | € 2,170,210 | € 2,302,333 | ▲ 6% |
| Balance sheet total | € 6,093,821 | € 6,220,735 | € 6,405,408 | € 6,352,692 | ▼ 1% |
| Employees (FTE) | 25.1 | 21.5 | 19.2 | 18.1 | ▼ 1.1 |
Key figures of LET AUTOMOTIVE, 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 LET AUTOMOTIVE?
What happened at LET AUTOMOTIVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MICHAEL VANDEWALLE stepped down as director. NBB
- LUC VANDEWALLE stepped down as director. NBB
- HANA FEJTOVA stepped down as director. NBB
- FORMETCO NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 157,609. Source: NBB ↗
- ANNA ROOSEN stepped down as director. NBB
- MICHAEL VANDEWALLE became a director. NBB
- LUC VANDEWALLE became a director. NBB
In short
From € 275,082 loss in 2022 to € 157,609 loss in 2025.
Paid € 3,616 in corporate taxes since 2022.
On average € 92,800 of value added per employee in 2025.
A new publication or filing at LET AUTOMOTIVE? We notify you, reason included.
Follow LET AUTOMOTIVEDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 FORMETCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LET AUTOMOTIVEThe shares are held by FORMETCO (72%).
Directors
According to the 2025 annual accounts
MICHAEL VANDEWALLE
Director
Also active at: Laboratorium voor Electronische Toepassingen L.E.T., DELTRO SYSTEEMTECHNIEK
since 2023 · until 2029
LUC VANDEWALLE
Chairman of the board
Also active at: Laboratorium voor Electronische Toepassingen L.E.T., FIN - COL, DOMO INVESTMENT GROUP, DELTRO SYSTEEMTECHNIEK, ALINSO GROUP
since 2021 · until 2027
HANA FEJTOVA
Managing director
Also active at: Laboratorium voor Electronische Toepassingen L.E.T., LET ENGINEERING, DELTRO SYSTEEMTECHNIEK
since 2021 · until 2027
Managing director · represented by JOSEPHUS VANDEWALLE
Also active at: Laboratorium voor Electronische Toepassingen L.E.T., LET ENGINEERING, DELTRO SYSTEEMTECHNIEK
since 2021 · until 2027
ANNA ROOSEN
Director
Also active at: Laboratorium voor Electronische Toepassingen L.E.T., DELTRO SYSTEEMTECHNIEK
since 2020 · until 2026
Shareholders
72%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vaartlaan 20
9800 Deinze
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0878.248.787
- VAT number
- BE 0878.248.787
- Registered office
- Vaartlaan 20, 9800 Deinze
- Names & denominations
- LET AUTOMOTIVE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2005
- Peppol
- Active · Active since 1 Oct 2025
- Contact
- [email protected]
- Activities · NACE
Groothandel in andere machines en werktuigen, neg
Groothandel in vervoermiddelen met uitzondering van auto's, motorrijwielen en rijwielen, in meetapparaten en -instrumenten, in navigatieapparatuur en andere diverse machines en uitrusting voor de nijv
Vervaardiging van andere machines voor specifieke doeleinden neg
Groothandel in andere machines en werktuigen, n.e.g.