Public limited company · founded 2016 · 10 yrs activeVenetiëlaan 33, 8530 Harelbeke, BelgiumKBO/BCE: BE 0654.955.678
Summary
L2D is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €41.6m and a net result of €4.5m. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 2413 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Outside the general model
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 55 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
L2D was incorporated on 25 May 2016, with a starting capital of EUR 29 million.12The name was changed to HE3M bvba in 2018.3In 2019 the capital was increased 2 times, most recently to EUR 29 million.45The board currently has 6 members; Aeneas Management Consultants - FZCO has served longest, since 2022.6Total assets went from EUR 61 million in 2020 to EUR 64 million in 2025 and headcount from 7.8 to 15.5 full-time equivalents.7
State Gazette actReappointment: EY BEDRIJFSREVISOREN BV (statutory auditor)
Permanent representatives: DEFOER Marleen, Lode De Boe and Dirk Clarysse · Appointments: De Boe Lode BV (director) and QDC - Governance BV (chair)9 facts ▸
General meeting, 21-05-2021
Auditor reappointment, EY BEDRIJFSREVISOREN BV (statutory auditor)
Permanent representative, DEFOER Marleen
General meeting, 03-07-2020
Director appointment, De Boe Lode BV (director)
Permanent representative, Lode De Boe
Board meeting, 03-07-2020
Director appointment, QDC - Governance BV (chair)
Permanent representative, Dirk Clarysse
15-06
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
31-12
FinancialWeakest financial yearnet -€468,756
Net result drops to -€468,756, the lowest in the series; recovery starts the following year.
17-07
State Gazette actResignation: Pivake GCV (director)
Director discharge3 facts ▸
General meeting, 13-12-2019
Director resignation, Pivake GCV (director)
Director discharge, Pivake GCV
05-06
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
2019
06-08
State Gazette actRestructuring
Demerger · Share transfer · Accounting effect13 facts ▸
General meeting, 17-07-2019
Demerger, 17-07-2019
Share transfer, IMDECO → L2D
Accounting effect, 01-01-2019
Capital decrease, €8.454.415,77
Capital increase, €70,53
Capital, €28.517.196,53
Statutes amendment
Inbreng in natura, 20947361.98, EUR
Debt transfer, schulden in rekening-courant
Share distribution, 3
Joint liability, hoofdelijk gehouden tot de betaling van de zekere en opeisbare schulden die bestaan op het ogenblik van de openbaarmaking van de gerealiseerde splitsing
+1 further facts in this act
11-06
State Gazette actRestructuring
Permanent representatives: Joseph Lano, Mireille Lanneau and 4 others · Demerger · Capital20 facts ▸
Board meeting, 27-05-2019
Demerger, partielle splitsing door overneming
Capital, €8.914.396,96
Permanent representative, Joseph Lano (director and managing director)
Permanent representative, Pierre Van Keirsbilck (director)
Permanent representative, Mark Delboo (director)
+8 further facts in this act
06-06
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
2018
15-06
State Gazette actAppointment: Ernst & Young Assurance Services BV Cvba (statutory auditor)
Permanent representative: Joseph Lano · Name change4 facts ▸
General meeting, 18-05-2018
Auditor appointment, Ernst & Young Assurance Services BV Cvba (statutory auditor)
Name change, HE3M bvba
Permanent representative, Joseph Lano
23-03
State Gazette actPermanent representative: Joseph Lano
Power of attorney3 facts ▸
Board meeting, 23-02-2018
Power of attorney, Karel Lagast
Permanent representative, Joseph Lano
2016
18-10
State Gazette actAppointments: Pivake Comm. Va, Mark Delboo bvba and 2 others
Permanent representatives: Pierre Van Keirsbilck, Mark Delboo and 2 others9 facts ▸
General meeting, 23-09-2016
Director appointment, Pivake Comm. Va (director)
Permanent representative, Pierre Van Keirsbilck
Director appointment, Mark Delboo bvba (director)
Permanent representative, Mark Delboo
Director appointment, QDC-Governance bvba (director)
Permanent representative, Dirk Clarysse
Permanent representative, Joseph Lano
Director appointment, JLMV bvba (managing director)
11-07
State Gazette actMiscellaneous
27-05
State Gazette actIncorporation
Appointments: JLMV bvba, C.C.M. nv and STECRI bvba · Permanent representatives: Joseph Lano, Mireille Lanneau and Stefaan Declerck · Founding capital9 facts ▸
Incorporation, 19-05-2016
Founding capital, €28.517.126
Director appointment, JLMV bvba (director)
Permanent representative, Joseph Lano
Director appointment, C.C.M. nv (director)
Permanent representative, Mireille Lanneau
Director appointment, STECRI bvba (director)
Permanent representative, Stefaan Declerck
Director appointment, JLMV bvba (managing director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
16 of 17 acts read
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 16 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
9 directors, 1 in day-to-day management, last change in 2026
Auditor · since 21-05-2021 · perm. rep.: Brecht Deketele
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 17 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of L2D and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
12 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 2,990 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.