ACTIVE

LET AUTOMOTIVE

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Financial year 2025 · Closed on 31/12/2025

Net result-157,6 k €+57,6 %over 1 year
Gross margin1,7 M €+22,2 %over 1 year
Equity1,7 M €-8,5 %over 1 year
Workforce18,1 ETP-5,7 %over 1 year

Identity

Source · BCE/KBO

LET AUTOMOTIVE is a Public limited company incorporated in 2005. Its main activity is: Manufacture of other special-purpose machinery n.e.c.. Its registered office is in Deinze. It employs on average 18,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0878.248.787
Incorporation
15/12/2005
Legal form
Public limited company
Registered office
Vaartlaan 20
9800 Deinze · FlandreSee on map
Contributed capital
125 000,00 €
Latest accounts
31/12/2025
Average workforce
18,1 ETP
Joint committees (2)
  • 111
  • 209
Contacts
1 public detail availableLog in to view
Signals
Good liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin1,7 M €1,4 M €1,4 M €1,5 M €1,7 M €
EBITDA310,1 k €3,1 k €-146,6 k €-110,7 k €167,6 k €
Operating result-77,5 k €-291,2 k €-325,2 k €-234,2 k €145,1 k €
Net result-157,6 k €-371,6 k €-396,5 k €-275,1 k €144,8 k €
Balance sheet
Equity1,7 M €1,9 M €2,2 M €2,6 M €2,9 M €
Total assets6,4 M €6,4 M €6,2 M €6,1 M €6,5 M €
Cash294,8 k €129,3 k €218,2 k €233,1 k €225,4 k €
Debts4,6 M €4,5 M €4 M €3,4 M €3,5 M €
Other
Workforce18,1 ETP19,2 ETP21,5 ETP25,1 ETP24,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 20 ended

Active mandates

MICHAEL VANDEWALLE

Director · since 31 mai 2023 · until 30 mai 2029

Active
FORMETCO

Managing director · since 07 janvier 2021 · until 07 janvier 2027 · 0423.466.168

Represented by JOSEPHUS VANDEWALLE

Active
HANA FEJTOVA

Managing director · since 07 janvier 2021 · until 07 janvier 2027

Active
LUC VANDEWALLE

Chairman of the board of directors · since 07 janvier 2021 · until 07 janvier 2027

Active
ANNA ROOSEN

Director · since 03 juin 2020 · until 03 juin 2026

Active

Ended mandates

LUC VANDENBULCKE

Director · since 25 mai 2016 · until 24 mai 2022

Ended
FORMETCO

Managing director · since 08 janvier 2015 · until 07 janvier 2021 · 0423.466.168

Represented by JOSEPHUS VANDEWALLE

Ended
FORMETCO

Managing director · since 08 janvier 2015 · until 07 janvier 2021 · 0423.466.168

Represented by JOSEPHUS VANDEWALLE

Ended
HANA FEJTOVA

Managing director · since 08 janvier 2015 · until 07 janvier 2021

Ended

Other companies at this address

Vaartlaan 20 9800 Deinze
CompanyCBE no.
DELTRO SYSTEEMTECHNIEK● Active
0878.249.579
Laboratorium voor Electronische Toepassingen L.E.T.● Active
0401.029.672
LET ENGINEERING● Active
0699.759.681

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/06/202626/06/202504/07/202423/06/202321/06/202224/06/2021
General meeting27/05/202629/05/202505/06/202431/05/202325/05/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/05/202625/06/2026DutchPDF
Abridged model31/12/202429/05/202526/06/2025DutchPDF
Abridged model31/12/202305/06/202404/07/2024DutchPDF
Abridged model31/12/202231/05/202323/06/2023DutchPDF
Abridged model31/12/202125/05/202221/06/2022DutchPDF
Abridged model31/12/202002/06/202124/06/2021DutchPDF
Abridged model31/12/201903/06/202001/07/2020DutchPDF
Abridged model31/12/201829/05/201926/06/2019DutchPDF
Abridged model31/12/201730/05/201829/06/2018DutchPDF
Abridged model31/12/201631/05/201730/06/2017DutchPDF
Abridged model31/12/201525/05/201624/06/2016DutchPDF
Abridged model31/12/201427/05/201531/08/2015DutchPDF
Abridged model31/12/201328/05/201410/10/2014DutchPDF
Abridged model31/12/201229/05/201331/08/2013DutchPDF
Abridged model31/12/201130/05/201231/08/2012DutchPDF
Abridged model31/12/201025/05/201127/06/2011DutchPDF
Abridged model31/12/200926/05/201023/07/2010DutchPDF
Abridged model31/12/200827/05/200926/06/2009DutchPDF
Abridged model31/12/200728/05/200824/07/2008DutchPDF
Abridged model31/12/200630/05/200729/08/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 20 ended

Active mandates

MICHAEL VANDEWALLE

Director · since 31 mai 2023 · until 30 mai 2029

Active
FORMETCO

Managing director · since 07 janvier 2021 · until 07 janvier 2027 · 0423.466.168

Represented by JOSEPHUS VANDEWALLE

Active
HANA FEJTOVA

Managing director · since 07 janvier 2021 · until 07 janvier 2027

Active
LUC VANDEWALLE

Chairman of the board of directors · since 07 janvier 2021 · until 07 janvier 2027

Active
ANNA ROOSEN

Director · since 03 juin 2020 · until 03 juin 2026

Active

Ended mandates

LUC VANDENBULCKE

Director · since 25 mai 2016 · until 24 mai 2022

Ended
FORMETCO

Managing director · since 08 janvier 2015 · until 07 janvier 2021 · 0423.466.168

Represented by JOSEPHUS VANDEWALLE

Ended
FORMETCO

Managing director · since 08 janvier 2015 · until 07 janvier 2021 · 0423.466.168

Represented by JOSEPHUS VANDEWALLE

Ended
HANA FEJTOVA

Managing director · since 08 janvier 2015 · until 07 janvier 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other06/07/2026
    —
    PDF
  • Mandates27/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/08/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/01/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/11/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/07/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/07/2009
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-157,6 k €↑
  2. 2024
    Annual accounts 2024-371,6 k €↑
  3. 2023
    Annual accounts 2023-396,5 k €↓
  4. 2022
    Annual accounts 2022-275,1 k €↓
  5. 2021
    Annual accounts 2021144,8 k €↓
  6. 2020
    Annual accounts 2020171,4 k €↓
  7. 2019
    Annual accounts 2019551 k €↑
  8. 2018
    Annual accounts 2018545,6 k €↑
  9. 2017
    Annual accounts 2017356,7 k €↑
  10. 2016
    Annual accounts 201684,4 k €↓
  11. 2015
    Annual accounts 2015180,1 k €↓
  12. 2014
    Annual accounts 2014351,7 k €↑
  13. 2013
    Annual accounts 2013251,1 k €↑
  14. 2012
    Annual accounts 2012138,8 k €↑
  15. 2011
    Annual accounts 2011107,2 k €↑
  16. 2010
    Annual accounts 201085,1 k €↑
  17. 2009
    Annual accounts 200955,5 k €↑
  18. 2008
    Annual accounts 20088,9 k €↓
  19. 2007
    Annual accounts 200747,9 k €↑
  20. 2006
    Annual accounts 200623,3 k €
  21. 15/12/2005
    IncorporationPublic limited company