LAFELI
ActiveSummary
LAFELI 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 €48,044 and a net result of €43,310. Equity is shrinking by about 25% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 65% of 9,732 sector peers (NACE 64, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€70,365total assets 2025
- Equity
- €48,044
- Profit
- €43,310
Turnover not published (abbreviated or micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- BERTELS ElsDirector
- VANBROECKHOVEN Bart Tony LucDirector
2025 accounts 77 days early2 of 4 deeds summarised
Signalslowers riskGrowing equityneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
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.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €48,044
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-02-2026, 77 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
77 days early
2024
33 days early
2023
82 days early
2022
90 days early
2021
88 days early
2020
116 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 8 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end28-10-2026 today30-04-2027 deadline
- Purpose · Amendment of the articlesPower of attorney · Purpose…
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €43,310
Financials · financial year 2025, micro format
Equity
€48,044▲ 915%
2024 · €4,734
Net result
€43,310
2024 · -€3,416
Total assets
€70,365▲ 323%
2024 · €16,648
Solvency
68.3%▲ 39.8pp
2024 · 28.4%
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result returns to profit in 2025: €56,842 after a loss of €2,731 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€56,842
2025
Net result€43,310
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€70,365
2025
Equity€48,044
2025
Debt€22,321
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€48,044
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)61.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency68.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.15
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€91--€1,178-€4,110▼ 249%-€2,043▲ 50.3%-€2,731▼ 33.7%€56,842
Net result-€439below the sector's middle half--€3,525below the sector's middle half▼ 702%-€4,549below the sector's middle half▼ 29.1%-€3,337below the sector's middle half▲ 26.6%-€3,416below the sector's middle half▼ 2.3%€43,310within the sector's middle half
Equity€19,561below the sector's middle half-€16,036below the sector's middle half▼ 18.0%€11,487below the sector's middle half▼ 28.4%€8,149below the sector's middle half▼ 29.1%€4,734below the sector's middle half▼ 41.9%€48,044within the sector's middle half▲ 915%
Total assets€31,614below the sector's middle half-€34,286below the sector's middle half▲ 8.4%€24,832below the sector's middle half▼ 27.6%€26,050below the sector's middle half▲ 4.9%€16,648below the sector's middle half▼ 36.1%€70,365below the sector's middle half▲ 323%
Debt€12,054-€18,250▲ 51.4%€13,345▼ 26.9%€17,901▲ 34.1%€11,914▼ 33.4%€22,321▲ 87.4%
Working capital€26,533within the sector's middle half-€16,036within the sector's middle half▼ 39.6%€11,499within the sector's middle half▼ 28.3%€8,181within the sector's middle half▼ 28.9%€4,784within the sector's middle half▼ 41.5%€48,044within the sector's middle half▲ 904%
Solvency61.9%within the sector's middle half-46.8%within the sector's middle half▼ 15.1pp46.3%within the sector's middle half▼ 0.5pp31.3%within the sector's middle half▼ 15.0pp28.4%within the sector's middle half▼ 2.8pp68.3%within the sector's middle half▲ 39.8pp
Current ratio6.22above the sector's middle half-1.88within the sector's middle half▼ 4.341.86within the sector's middle half▼ 0.021.46within the sector's middle half▼ 0.401.40within the sector's middle half▼ 0.053.15within the sector's middle half▲ 1.75
Return on assets (ROA)-1.4%below the sector's middle half--10.3%below the sector's middle half▼ 8.9pp-18.3%below the sector's middle half▼ 8.0pp-12.8%below the sector's middle half▲ 5.5pp-20.5%below the sector's middle half▼ 7.7pp61.6%above the sector's middle half▲ 82.1pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €70,365
Equity
€48,044 ▲ 915%
Debt
€22,321 ▲ 87.4%
Debt's share of the balance-sheet total falls from 71.6% to 31.7%. Equity and debt are higher.
Key figures and ratios
ROE
90.1%▲
2024 · -72.2%
Debt ≤ 1 year
€22,321▲
2024 · €11,864
Income taxes
€13,359▲
2024 · €462
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0 | - |
| Other operating charges640/8 | - | - | €1,257 | €1,880 | €1,814 | €1,863 | ▲ 2.7% |
| Gross operating margin9900 | €936 | €2,692 | -€2,853 | -€163 | -€916 | €58,705 | - |
| Operating profit (loss)9901 | €91 | -€1,178 | -€4,110 | -€2,043 | -€2,731 | €56,842 | - |
| Financial charges65/66B | - | - | €439 | €347 | €223 | €173 | ▼ 22.5% |
| Recurring financial charges65 | €36 | €580 | €439 | €347 | €223 | €173 | ▼ 22.5% |
| Profit (loss) for the period before taxes9903 | €55 | -€1,758 | -€4,549 | -€2,390 | -€2,953 | €56,669 | - |
| Income taxes67/77 | €494 | €1,767 | - | €947 | €462 | €13,359 | ▲ 29× |
| Profit (loss) for the period9904 | -€439 | -€3,525 | -€4,549 | -€3,337 | -€3,416 | €43,310 | - |
| Profit (loss) for the period to be appropriated9905 | -€439 | -€3,525 | -€4,549 | -€3,337 | -€3,416 | €43,310 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €31,614 | €34,286 | €24,832 | €26,050 | €16,648 | €70,365 | ▲ 323% |
| Current assets29/58 | €31,614 | €34,286 | €24,832 | €26,050 | €16,648 | €70,365 | ▲ 323% |
| Amounts receivable within one year40/41 | €4,869 | €16,645 | €11,500 | €7,500 | €13,550 | €15,315 | ▲ 13.0% |
| Trade receivables40 | - | - | €11,500 | €7,500 | €13,550 | €15,315 | ▲ 13.0% |
| Cash at bank and in hand54/58 | €26,745 | €15,623 | €11,237 | €16,398 | €906 | €55,050 | ▲ 61× |
| Deferred charges and accrued income490/1 | - | - | €2,095 | €2,152 | €2,191 | €0 | ▼ 100% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €31,614 | €34,286 | €24,832 | €26,050 | €16,648 | €70,365 | ▲ 323% |
| Equity10/15 | €19,561 | €16,036 | €11,487 | €8,149 | €4,734 | €48,044 | ▲ 915% |
| Contributions10/11 | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€439 | -€3,964 | -€8,513 | -€11,851 | -€15,266 | €28,044 | - |
| Amounts payable17/49 | €12,054 | €18,250 | €13,345 | €17,901 | €11,914 | €22,321 | ▲ 87.4% |
| Amounts payable within one year42/48 | €5,082 | €18,250 | €13,333 | €17,870 | €11,864 | €22,321 | ▲ 88.1% |
| Trade debts44 | €388 | €5,940 | €1,192 | €941 | €4,206 | €3,355 | ▼ 20.2% |
| Suppliers440/4 | - | - | €1,192 | €941 | €4,206 | €3,355 | ▼ 20.2% |
| Advances received on contracts in progress46 | - | - | - | €8,470 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €2,298 | €1,491 | €798 | €12,214 | ▲ 15× |
| Taxes450/3 | - | - | €2,298 | €1,491 | €798 | €12,214 | ▲ 15× |
| Other amounts payable47/48 | - | - | €9,842 | €6,968 | €6,860 | €6,752 | ▼ 1.6% |
| Accrued charges and deferred income492/3 | - | - | €13 | €31 | €50 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€439 | -€3,525 | -€4,549 | -€3,337 | -€3,416 | €43,310 | - |
| Operating cash flow (approximation) | -€439 | -€3,525 | -€4,549 | -€3,337 | -€3,416 | €43,310 | - |
| Change in cash | - | -€11,122 | -€4,386 | €5,161 | -€15,492 | €54,143 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 12-02-2026 | 2026-00037894 |
| 30-09-2024 | abbreviated format | 28-03-2025 | 2025-00056455 |
| 30-09-2023 | abbreviated format | 08-02-2024 | 2024-00028838 |
| 30-09-2022 | abbreviated format | 30-01-2023 | 2023-00009874 |
| 30-09-2021 | abbreviated format | 01-02-2022 | 2022-04100437 |
| 30-09-2020 | abbreviated format | 04-01-2021 | 2021-00200170 |
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Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,067. 10,546 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €245 awarded · €245 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2024
BERTELS Els
CurrentDirector (not named in the articles) · since 08-01-2024
VANBROECKHOVEN Bart Tony Luc
CurrentDirector (not named in the articles) · since 08-01-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2024, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BERTELS Els |
|
| VANBROECKHOVEN Bart Tony Luc |
|
Owners and capital
Capital and shareholders
Capital over the years
- 08-01-2024 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
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Board mandates elsewhere
2 board mandatesHistory
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
08-05
Gazette deed
Purpose · Amendment of the articlesPower of attorney · Purpose change3 facts ▸
Gazette deed
Purpose · Amendment of the articles
Power of attorney · Purpose change3 facts ▸
- Power of attorney, Emmanuel BEELEN
- General meeting, 03-04-2026
- Purpose change
12-02
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
30-09
Financial
Back to profitnet €43,310
Net result €43,310 after 5 loss-making years.
30-09
Financial
Liquidity more than doubledcurrent ratio 3.15
Current ratio from 1.40 to 3.15.
28-03
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2024
08-02
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
08-01
Gazette deed
Resignations: VANBROECKHOVEN Bart Tony Luc (manager) and BERTELS Els (manager)Appointments: VANBROECKHOVEN Bart Tony Luc (director) and BERTELS Els (director) · Capital conversion · Reserve release16 facts ▸
Gazette deed
Resignations: VANBROECKHOVEN Bart Tony Luc (manager) and BERTELS Els (manager)
Appointments: VANBROECKHOVEN Bart Tony Luc (director) and BERTELS Els (director) · Capital conversion · Reserve release16 facts ▸
- General meeting, 07-09-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm BV, besloten vennootschap (BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, opheffing” (deed in Dutch)
- Amendment of the articles
- Other provision, “terminologievervangingen, WVV” (deed in Dutch)
- Other provision, “ongewijzigd voorwerp naam boekjaar jaarvergadering en vaststelling nieuwe statuuttekst, vastgesteld als volgt” (deed in Dutch)
- Capital
- Other provision, “coördinatie opmaken en ondertekenen overeenkomstig vorig besluit;neerlegging in vennootschapsdossier verzorgen, opdracht coördinatie statuten” (deed in Dutch)
- Director resignation, VANBROECKHOVEN Bart Tony Luc (manager)
- Director resignation, BERTELS Els (manager)
- Director appointment, VANBROECKHOVEN Bart Tony Luc (director (not named in the articles))
- +4 further facts in this act
2023
30-01
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2022
30-09
Financial
Weakest financial yearnet -€4,549
Net result drops to -€4,549, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2021
04-01
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
2 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded11-01-2019
Financial year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0718601239
Also
9925:BE0718601239
Registered
18-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2019
Ground area
6,145 m²
Building footprint
1,108 m²
Building volume
5,417 m³
Parcel 71502C0666/00E000, Flanders · tallest building 6.6 m. Linked by address, not a title deed.
1 establishment unit
LAFELI
since 2019unit no. 2.284.445.713
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71502C0666/00E000 | Flanders | 6,145 m² | 1 · 1,108 m² | 6.6 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van bijstand,advies en leiding aan bedrijven,privé-personen en instellingen,voornamelijk doch niet uitsluitend op het vlak van…” (deed in Dutch)
8 activities (deed in Dutch)
- Het verlenen van bijstand,advies en leiding aan bedrijven,privé-personen en instellingen,voornamelijk doch niet uitsluitend op het vlak van management,marketing,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis.
- De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen,bestuurdersfuncties waarnemen of laten waarnemen en diensten verlenen die direct of indirect verband houden met de voorgaande.
- Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- Ter uitvoering van haar opdrachten en voor het waarnemen van bestuursmandaten kan de vennootschap zich laten vertegenwoordigen door haar bestuurder of elke andere derde vertegenwoordiger,die door de vennootschap worden afgevaardigd om op te treden in eigen naam doch voor rekening van de vennootschap.
- Daartoe kan de vennootschap samenwerken met,deelnemen in,of op gelijk welke wijze,rechtstreeks of onrechtstreeks,belangen nemen in andere ondernemingen.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door eigen goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- De vennootschap kan eveneens optreden als bestuurder,volmachtdrager,mandataris of vereffenaar in andere vennootschappen of ondernemingen.
- De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks en onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LAFELI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan” (deed in Dutch)“Vlaamse Gewest, bij enkel besluit bestuursorgaan in België of buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, met of zonder beperking duur” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten los van representatie- reis- verplaatsingskosten” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of March
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)