Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Let's App is 0.8% (low). The 2024 annual accounts show negative equity (€-524k) and a net result of €-1.12M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 561 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.8%
Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-1.12M-1483.8%
Working capital€165k-53.8%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 19-08-2025 with the NBB · fiscal year 2024 · verkort
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -54.9% | 34.8% | |
| Net result | €-1.12M | €15k | |
| Equity | €-524k | €79k | |
| Gross operating margin | €-498k | €81k | |
| Staff costs | €411k | €297k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P12
Stable position over 2020-2024
· n=143-561
P5
Weakening position over 2020-2024
· n=143-561
P5
Stable position over 2020-2024
· n=143-561
P5
Stable position over 2020-2024
· n=143-560
Describes the position versus peers, not a forecast.
€-911k
-1499.1%
far below sector median
€-1.12M
-1483.8%
far below sector median
€-992k
-1559.8%
far below sector median
€955k
+32.8%
+130% vs sector
€-524k
-673.3%
far below sector median
€165k
-53.8%
+131% vs sector
6
-
+180% vs sector
€411k
+10753.4%
far above sector median
€-82
-
far below sector median
€1.48M
+87.9%
far above sector median
€362k
+520.8%
+140% vs sector
€609k
-16.4%
far above sector median
1.46
-79.6%
-10% vs sector
1.46
-79.6%
-5% vs sector
-54.9%
-482.4%
far below sector median
-2.82
+75.7%
far below sector median
214.1%
+104.8%
far above sector median
-117.5%
-1092.8%
far below sector median
-11.26
+45.0%
far below sector median
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-911k |
| Net profit | €-1.12M |
| Cash flow | €-992k |
| Staff costs | €411k |
| Income taxes | €-82 |
| Dividends | - |
| Total assets | €955k |
| Equity | €-524k |
| Debt | €1.48M |
| of which ≤ 1y | €362k |
| of which > 1y | €609k |
| Working capital | €165k |
| Employees (FTE) | 5.6 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.46 |
| Quick ratio | 1.46 |
| Working capital ratio | 17.3% |
| Solvency | -54.9% |
| Debt / equity | -2.82 |
| Long-term debt ratio | -1.16 |
| Interest coverage | -11.26 |
| Gross margin | - |
| Net margin | - |
| ROA | -117.5% |
| ROE | 214.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €955k |
| Fixed assets | 21/28 | €428k |
| Intangible fixed assets | 21 | €416k |
| Tangible fixed assets | 22/27 | €12k |
| Financial fixed assets | 28 | €0 |
| Current assets | 29/58 | €527k |
| Amounts receivable within one year | 40/41 | €66k |
| Cash & bank | 54/58 | €452k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €955k |
| Equity | 10/15 | €-524k |
| Contributions / capital | 10/11 | €695k |
| Accumulated profits (losses) | 14 | €-1.22M |
| Amounts payable | 17/49 | €1.48M |
| Amounts payable after one year | 17 | €609k |
| Amounts payable within one year | 42/48 | €362k |
| Trade debts payable within one year | 44 | €239k |
| Income statement | ||
| Gross operating margin | 9900 | €-498k |
| Operating result | 9901 | €-1.04M |
| Financial charges | 65 | €81k |
| Result before taxes | 9903 | €-1.12M |
| Income taxes | 67/77 | €-82 |
| Net result for the period | 9904 | €-1.12M |
| Result to be appropriated | 9905 | €-1.12M |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed32
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Establishment units
1 locationDexxter
since 20242.354.427.946
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,242 m²
Buildings1
Building footprint1,010 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0040/00W005 | Flanders | 2,242 m² | 1 · 1,010 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Capital history · 1
30-08-2023
Capital change
Address history · 1
24-02-2025
Registered-office move
All acts · 4
updated 1 year ago
2025
24-02-2025 Registered office moved from Puurs-Sint-Amands to Mechelen
- Rietveld 35 te 2870 Puurs-Sint-Amands → 2800 Mechelen, Stationsstraat 55
2024
23-12-2024 1 director appointed, 4 resigning
- Jeroen De Wit, Niet-statutair bestuurder
- DE PAUW Stan, Niet-statutair bestuurder
- Robbe Claessens, Niet-statutair bestuurder
- Thomas Giel, Niet-statutair bestuurder
- Matthias Doornaert, Niet-statutair bestuurder
Notary:
Inès Staessens · SleidingeFirm:
Notariaat Sleidinge geassocieerde notarissen
29-10-2024 Change in the board of directors
Notary:
Inès Staessens · SleidingeFirm:
Notariaat Sleidinge geassocieerde notarissen
2023
30-08-2023 Share split
Notary:
Ruben Van Maelzaeke · Evergem-SleidingeFirm:
Notariaat Sleidinge geassocieerde notarissen
Analysis
Snowflake analysis
financial profile on 5 axes63
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
32
Profitability
100
Solvency
55
Growth
32
Stability
94
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100
Primary activity highlighted.
Names & trade names
| Legal nameNL | Let's App |
Registered office
Stationsstraat 55
2800 Mechelen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.