Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2024 accounts came latest: 235 days after the end of the period.
In July 2024, 7,654 companies had the same profile as BE LEAF has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,654 companies, not a prediction for BE LEAF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
BE LEAF files the micro format. That format states no turnover. The gross margin fell from €6,471 in 2023 to -€5,134 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
478 | 7,450 | 25,852 | |
21/28 |
- | 850 | 9,306 | |
21 |
- | - | 9,306 | |
28 |
- | 850 | - | |
29/58 |
478 | 6,600 | 16,546 | |
40/41 |
- | 2,549 | - | |
40 |
- | 693 | - | |
41 |
- | 1,856 | - | |
54/58 |
478 | 4,051 | 16,546 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
478 | 7,450 | 25,852 | |
10/15 |
-9,038 | 208 | 19,049 | |
10/11 |
15,000 | 15,000 | 15,000 | |
14 |
-24,038 | -14,792 | 4,049 | |
17/49 |
9,516 | 7,242 | 6,803 | |
42/48 |
9,516 | 7,242 | 6,803 | |
44 |
- | 4,427 | 3,183 | |
440/4 |
- | 4,427 | 3,183 | |
45 |
- | 1,012 | 2,636 | |
450/3 |
- | 1,012 | 2,636 | |
47/48 |
9,516 | 1,802 | 984 | |
| Income statement | ||||
9900 |
-5,134 | -7,255 | 6,471 | |
630 |
- | - | 694 | |
640/8 |
4,037 | 10,515 | 696 | |
9901 |
-9,171 | -17,770 | 5,081 | |
75/76B |
- | 7 | - | |
75 |
- | 7 | - | |
65/66B |
75 | 1,078 | 20 | |
65 |
75 | 1,078 | 20 | |
9903 |
-9,247 | -18,841 | 5,061 | |
67/77 |
- | - | 1,012 | |
9904 |
-9,247 | -18,841 | 4,049 | |
9905 |
-9,247 | -18,841 | 4,049 | |
| Appropriation of the result | ||||
9906 |
-24,038 | -14,792 | 4,049 | |
14P |
-14,792 | 4,049 | - | |
| Document | ||||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-08-2026.
2025 annual accounts filed 19 days after the deadline. Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00407048.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| - | - | 5,775 | ||
| - | - | 4,743 | ||
| - | 850 | 10,000 | ||
| -3,573 | -12,495 | - | ||
| -9,038 | -642 | 9,743 | ||
| - | 2.8% | 73.7% | ||
| - | 0.91 | 2.43 | ||
| - | - | 0.36 | ||
| - | - | 21.3% | ||
| - | -252.9% | 15.7% | ||
| - | - | over 100 |
The ratios are withheld because a balance sheet total of €478 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Intangible fixed assets | - | - | €10,000 |
| Financial fixed assets | - | €850 | - |
| - | - | €694 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €9,171, smaller than the loss of €17,770 in 2024.
Equity is negative. Debt (€9,516) exceeds the balance-sheet total (€478).
BE LEAF has no parent and no holdings in its annual accounts. is the only director. BE LEAF shares no director with another company.
| SFR DRIVE
establishment since 07-11-2023 · founded in 2023 |
total assets €54,097 (2025) 1002.035.041 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Esdoorndreef 13 registered office 2100 Antwerp | ||
| Jan Van de Wouwerstraat 70 2660 Antwerp 49410 Freight transport by road | 30-05-2023 | 2.346.073.771 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11345B0234/00W003 | 504 m² | 1 · 108 m² | 9.1 m |
| 11019B0055/00M002 | 187 m² | 1 · 96 m² | 9.1 m · 1 |
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