LEST
ActiveSummary
LEST has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €1k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency92▲+13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 1.67 in 2024; short-term debt: 32.5% and cash: 31.2% of total assets), and 32.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.5%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
61 d late
2022
29 d late
2021
4 d early
2020
8 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▼ 21.9%
2024 · €46k
2018: €25klowest in 8 years
2019: €36k▲ +46.6% vs 2018
2020: €50k▲ +36.9% vs 2019
2021: €48k▼ -3.8% vs 2020
2022: €57k▲ +20.2% vs 2021highest in 8 years
2023: €52k▼ -9.7% vs 2022
2024: €46k▼ -11.1% vs 2023
2025: €36k▼ -21.9% vs 2024
2018 → 2025
Total assets
€53k▼ 37.6%
2024 · €86k
2018: €68k
2019: €81k▲ +19.8% vs 2018
2020: €121k▲ +48.9% vs 2019highest in 8 years
2021: €107k▼ -11.4% vs 2020
2022: €104k▼ -3.6% vs 2021
2023: €96k▼ -7.6% vs 2022
2024: €86k▼ -10.6% vs 2023
2025: €53k▼ -37.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€1k▼ 33.4%
2024 · €2k
2018: €8k
2019: €12k▲ +46.2% vs 2018
2020: €13k▲ +16.0% vs 2019highest in 8 years
2021: €-2k▼ -114% vs 2020lowest in 8 years
2022: €10k▲ +613% vs 2021
2023: €3k▼ -66.6% vs 2022
2024: €2k▼ -33.9% vs 2023
2025: €1k▼ -33.4% vs 2024
2018 → 2025
Working capital
€26k▼ 1.9%
2024 · €27k
2018: €9klowest in 8 years
2019: €10k▲ +10.8% vs 2018
2020: €24k▲ +131% vs 2019
2021: €25k▲ +6.2% vs 2020
2022: €38k▲ +51.5% vs 2021highest in 8 years
2023: €36k▼ -4.4% vs 2022
2024: €27k▼ -26.6% vs 2023
2025: €26k▼ -1.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€57k▲ 20.2%€52k▼ 9.7%€46k▼ 11.1%€36k▼ 21.9%
2021: €48k
2022: €57k▲ +20.2% vs 2021highest in 5 years
2023: €52k▼ -9.7% vs 2022
2024: €46k▼ -11.1% vs 2023
2025: €36k▼ -21.9% vs 2024lowest in 5 years
Operating result€-1k-€14k€7k▼ 50.8%€5k▼ 28.7%€4k▼ 17.2%
2021: €-1klowest in 5 years
2022: €14k▲ +1075% vs 2021highest in 5 years
2023: €7k▼ -50.8% vs 2022
2024: €5k▼ -28.7% vs 2023
2025: €4k▼ -17.2% vs 2024
Net result€-2k-€10k€3k▼ 66.6%€2k▼ 33.9%€1k▼ 33.4%
2021: €-2klowest in 5 years
2022: €10k▲ +613% vs 2021highest in 5 years
2023: €3k▼ -66.6% vs 2022
2024: €2k▼ -33.9% vs 2023
2025: €1k▼ -33.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€10k ▼ 49.1%
Current assets
€43k ▼ 34.2%
Equity and liabilities €53k
Equity
€36k ▼ 21.9%
Debt
€17k ▼ 55.9%
Debt's share of the balance-sheet total falls from 46.1% to 32.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €20k
Cash flow
€14k▼
2024 · €17k
Current ratio
2.50▲
2024 · 1.67
Debt to equity
0.48▼
2024 · 0.85
ROE
3.9%▼
2024 · 4.6%
ROA
2.7%▲
2024 · 2.5%
Interest coverage
36.60▲
2024 · 25.91
Debt ≤ 1 year
€17k▼
2024 · €39k
Income taxes
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€86k€53k▼
Fixed assets21/28€20k€10k▼
Tangible fixed assets22/27€20k€10k▼
Plant, machinery and equipment23€383€0▼
Furniture and vehicles24€17k€8k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€66k€43k▼
Amounts receivable after more than one year29€12k€0▼
Other amounts receivable291€12k€0▼
Amounts receivable within one year40/41€22k€24k▲
Trade receivables40€16k€20k▲
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€30k€17k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€86k€53k▼
Equity10/15€46k€36k▼
Contributions10/11€6k€6k=
Reserves13€40k€30k▼
Distributable reserves133€40k€30k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€39k€17k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€39k€17k▼
Current portion of amounts payable after more than one year42€10k€0▼
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€20k€11k▼
Taxes450/3€20k€11k▼
Other amounts payable47/48€4k€2k▼
Accrued charges and deferred income492/3€11€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€4k€3k▼
Gross operating margin9900€24k€19k▼
Operating profit (loss)9901€5k€4k▼
Financial income75/76B€567€197▼
Recurring financial income75€567€197▼
Non-recurring financial income76B€0-
Financial charges65/66B€772€440▼
Recurring financial charges65€772€440▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€5k€4k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€1k▼
Transfer from equity791/2€8k€12k▲
Transfer to equity691/2€2k€1k▼
To other reserves6921€2k€1k▼
Profit to be distributed694/7€8k€12k▲
Return on contributions (dividend)694€8k€12k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €15k | €14k | €15k | €12k | ▼ 20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-2k | €0 | - | - |
| Other operating charges640/8 | €1k | €2k | €5k | €4k | €3k | ▼ 36.5% |
| Gross operating margin9900 | €15k | €31k | €25k | €24k | €19k | ▼ 22.3% |
| Operating profit (loss)9901 | €-1k | €14k | €7k | €5k | €4k | ▼ 17.2% |
| Financial income75/76B | €719 | €894 | €9k | €567 | €197 | ▼ 65.2% |
| Recurring financial income75 | €719 | €894 | €490 | €567 | €197 | ▼ 65.2% |
| Non-recurring financial income76B | €0 | - | €8k | €0 | - | - |
| Financial charges65/66B | €1k | €981 | €9k | €772 | €440 | ▼ 43.0% |
| Recurring financial charges65 | €1k | €981 | €638 | €772 | €440 | ▼ 43.0% |
| Non-recurring financial charges66B | €0 | - | €8k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €-2k | €14k | €7k | €5k | €4k | ▼ 18.8% |
| Income taxes67/77 | €188 | €4k | €3k | €2k | €2k | ▼ 6.2% |
| Profit (loss) for the period9904 | €-2k | €10k | €3k | €2k | €1k | ▼ 33.4% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €10k | €3k | €2k | €1k | ▼ 33.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107k | €104k | €96k | €86k | €53k | ▼ 37.6% |
| Fixed assets21/28 | €53k | €40k | €25k | €20k | €10k | ▼ 49.1% |
| Tangible fixed assets22/27 | €53k | €40k | €25k | €20k | €10k | ▼ 49.1% |
| Plant, machinery and equipment23 | €1k | €1k | €742 | €383 | €0 | ▼ 100% |
| Furniture and vehicles24 | €49k | €37k | €23k | €17k | €8k | ▼ 52.4% |
| Other tangible fixed assets26 | €2k | €2k | €2k | €2k | €2k | ▼ 19.0% |
| Current assets29/58 | €54k | €64k | €70k | €66k | €43k | ▼ 34.2% |
| Amounts receivable after more than one year29 | €25k | €10k | €12k | €12k | €0 | ▼ 100% |
| Other amounts receivable291 | €25k | €10k | €12k | €12k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €23k | €23k | €35k | €22k | €24k | ▲ 9.8% |
| Trade receivables40 | €20k | €18k | €28k | €16k | €20k | ▲ 21.0% |
| Other amounts receivable41 | €3k | €5k | €7k | €5k | €4k | ▼ 24.2% |
| Cash at bank and in hand54/58 | €4k | €29k | €21k | €30k | €17k | ▼ 44.7% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €2k | €3k | ▲ 37.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107k | €104k | €96k | €86k | €53k | ▼ 37.6% |
| Equity10/15 | €48k | €57k | €52k | €46k | €36k | ▼ 21.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €43k | €51k | €46k | €40k | €30k | ▼ 25.3% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €42k | €49k | €46k | €40k | €30k | ▼ 25.3% |
| Profit (loss) carried forward14 | €-2k | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €60k | €46k | €44k | €39k | €17k | ▼ 55.9% |
| Amounts payable after more than one year17 | €30k | €20k | €10k | €0 | - | - |
| Financial debts170/4 | €30k | €20k | €10k | €0 | - | - |
| Amounts payable within one year42/48 | €29k | €26k | €34k | €39k | €17k | ▼ 55.9% |
| Current portion of amounts payable after more than one year42 | €10k | €10k | €10k | €10k | €0 | ▼ 100% |
| Trade debts44 | €2k | €3k | €10k | €7k | €5k | ▼ 25.9% |
| Suppliers440/4 | €2k | €3k | €10k | €7k | €5k | ▼ 25.9% |
| Taxes, remuneration and social security45 | €16k | €13k | €14k | €20k | €11k | ▼ 45.9% |
| Taxes450/3 | €16k | €13k | €14k | €20k | €11k | ▼ 45.9% |
| Other amounts payable47/48 | €994 | €83 | €0 | €4k | €2k | ▼ 47.4% |
| Accrued charges and deferred income492/3 | €47 | €35 | €23 | €11 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €10k | €3k | €2k | €1k | ▼ 33.4% |
| + Depreciation and write-downs630 | €15k | €15k | €14k | €15k | €12k | ▼ 20.2% |
| Operating cash flow (approximation) | €13k | €25k | €17k | €17k | €14k | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-9k | €-2k | ▲ 73.8% |
| Change in cash | - | €24k | €-7k | €9k | €-13k | ▼ 256% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €13k ▲16%
Operating result €32k, net result €13k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Evergem · 1 establishment unit since 2016
Ground area
415 m²
Building footprint
115 m²
Parcel 44302E1480/00H000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LEST
since 20162.259.014.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E1480/00H000 | Flanders | 415 m² | 1 · 115 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 35,886 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
85510Sports and recreation education
Scores and ratios are computed by Checked and are not a credit decision.