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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 15.7 to 5.7.
Financials
Financial year 2024
LEODETIM from Courcelles, company number BE0897495765, closed financial year 2024 with a result of € -1.1 million after tax. For that financial year LEODETIM recorded a gross margin of € -362,491 and equity of € -2.9 million. Compared with financial year 2023, the result moved from € -1.1 million to € -1.1 million. The company made a loss. 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 November 9, 2025.
€ -2.9 million
▼ € 1.1 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 5 % more loss than in 2023
Profit after tax over the fiscal year.
€ 398,076
▼ 72% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3 million.
People and assets in 2024
5.7
▼ 6.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 236,926
▼ 24% vs 2023
€ 41,600 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.
€ 14,862
▼ 50% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 50,502
▼ 54% vs 2023
€ 28,739 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2.5 million
▼ 23% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 2,898
▼ 89% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 243,086 | € 10,463 | € -615,359 | € -362,491 | ▲ € 252,867 |
| Profit after taxes | € -99,247 | € -422,956 | € -1,080,883 | € -1,134,519 | ▼ € 53,636 |
| Equity | € -271,605 | € -694,561 | € -1,775,443 | € -2,909,962 | ▼ € 1.1 million |
| Total debts | € 1,028,536 | € 1,381,399 | € 4,074,603 | € 3,641,700 | ▼ 11% |
| Cash | € 109,555 | € 68,560 | € 1,430,594 | € 398,076 | ▼ 72% |
| Land & buildings | - | - | € 7,196 | € 10,307 | ▲ 43% |
| Retained profit | € -343,605 | € -766,561 | € -1,847,443 | € -2,981,962 | ▼ € 1.1 million |
| Bank debt | € 290,301 | € 199,110 | € 110,516 | € 50,502 | ▼ 54% |
| Balance sheet total | € 756,931 | € 686,838 | € 2,299,160 | € 731,739 | ▼ 68% |
| Employees (FTE) | 9.4 | 15.7 | 11.8 | 5.7 | ▼ 6.1 |
Key figures of LEODETIM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to LEODETIM?
What happened at LEODETIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 1.1 million. filed late Source: NBB ↗
- Cédric DEGAVRE became a director. NBB
- Martin STAELENS became a director. NBB
- New establishment in Courcelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 99,247 loss in 2021 to € 1.1 million loss in 2024.
Paid € 215 in corporate taxes since 2021.
On average € 700 of value added per employee in 2022.
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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 ITM ALIMENTAIRE BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LEODETIMBehind LEODETIM are Cédric DEGAVRE and Martin STAELENS. The shares are held by ITM ALIMENTAIRE BELGIUM (100%).
Directors
According to the 2024 annual accounts
since 2023
Martin STAELENS
Director
Also active at: ITM ALIMENTAIRE BELGIUM, ALIWAR, INTERMADIS, JEREMIL, EMCA Distribution, AJD & Co, HANIMMO, WATEA +9 more
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Trazegnies(CO) 150
6180 Courcelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0897.495.765
- VAT number
- BE 0897.495.765
- Registered office
- Rue de Trazegnies(CO) 150, 6180 Courcelles
- Names & denominations
- LEODETIM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2008
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)