LEFEBRE
ActiveSummary
LEFEBRE has been active since 1955 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.8m and a net result of €637,518. Equity has been growing by about 23% per year since 2019. Its solvency ranks better than 86% of 199 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-05-1955 Normal situation
- Activity
- Manufacture of textiles NACE 13100and 2 others
- Establishment unit
- 2.229.262.314 8760 Tielt, since 06-05-1955
- Financial year end
- 30 September
- Peppol
- Reachable since 23-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €1.7m
- ▼ 26.5%
- Turnover
- ≈ €2.9m
- estimated
- Profit
- €637,518
- ▼ 53.3%
- Equity
- €5.8m
- ▲ 12.3%
- Total assets
- €6.7m
- ▲ 0.2%
- Employees on 30-09-2025
- 3
- ▼ 25.0%
Score breakdownlowers riskLiquidity: current ratio 5.19, cash €1.1mSize: 3.7 FTE, total assets €6.7mFounded in 1955Equity €5.8m (87.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 13, micro). It does better than 88% of them on solvency, 73% on liquidity, 69% on profitability and 68% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-04-2026 PDF all 48 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 48% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of textiles (NACE 13). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 3 | 4 | 3 |
| full-time | 3 | 3 | 3 | 4 | 3 |
| part-time | 0 | 0 | 0 | 0 | 0 |
| in full-time equivalents | 3 | 3 | 3 | 4 | 3 |
| Average over the year, in full-time equivalents | 3.2 | 3.3 | 3.5 | 3.7 | 3.7 |
| On a permanent contract | 3 | 3 | 3 | 3 | 3 |
| Joined | 2 | 4 | 7 | 7 | 8 |
| Left | 2 | 4 | 7 | 6 | 9 |
| Training hours | 2 | 3 | 0 | 20 | 22 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Pledge on the business | - | €500,000 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €78,141 | €1.4m | €757,113 | €1.3m | €758,367 |
| Depreciation and write-downs of the year | €236,187 | €361,187 | €353,357 | €395,390 | €614,073 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €1,278 awarded · €1,278 paid| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0.02m | €0.04m | €0.1m | €0.2m | €0.2m | ▲ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.3m | €0.2m | €0.4m | €0.4m | €0.4m | €0.6m | ▲ 55.3% |
| Other operating charges640/8 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 16.5% |
| Gross operating margin9900 | €0.9m | €0.7m | €0.7m | €0.9m | €1.8m | €2.3m | €1.7m | ▼ 26.5% |
| Operating profit (loss)9901 | €0.4m | €0.3m | €0.4m | €0.5m | €1.3m | €1.7m | €0.9m | ▼ 48.0% |
| Financial income75/76B | - | - | €0.2m | €0.3m | €0.1m | €0.07m | €0.02m | ▼ 63.7% |
| Recurring financial income75 | €0.05m | €0.06m | €0.2m | €0.3m | €0.1m | €0.07m | €0.02m | ▼ 63.7% |
| Financial charges65/66B | - | - | €0.06m | €0.04m | €0.05m | €0.01m | €0.08m | ▲ 493% |
| Recurring financial charges65 | €0.04m | €0.07m | €0.06m | €0.04m | €0.05m | €0.01m | €0.08m | ▲ 493% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.3m | €0.5m | €0.8m | €1.4m | €1.8m | €0.8m | ▼ 52.6% |
| Transfer from deferred taxes780 | - | - | €0.004m | €0.004m | €0.008m | €0.008m | €0.02m | ▲ 146% |
| Transfer to deferred taxes680 | - | - | €0 | €0.02m | €0 | €0.08m | €0.08m | ▲ 8.4% |
| Income taxes67/77 | €0.1m | €0.06m | €0.2m | €0.2m | €0.4m | €0.3m | €0.1m | ▼ 58.9% |
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.4m | €0.6m | €0.9m | €1.4m | €0.6m | ▼ 53.3% |
| Transfer from tax-exempt reserves789 | - | - | €0.07m | €0.01m | €0.02m | €0.02m | €0.06m | ▲ 146% |
| Transfer to tax-exempt reserves689 | - | - | €0 | €0.06m | €0 | €0.2m | €0.3m | ▲ 8.4% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.2m | €0.4m | €0.5m | €1.0m | €1.2m | €0.4m | ▼ 61.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.0m | €3.5m | €3.8m | €4.6m | €5.0m | €6.7m | €6.7m | ▲ 0.2% |
| Fixed assets21/28 | €0.8m | €0.7m | €0.5m | €1.6m | €2.0m | €2.9m | €3.1m | ▲ 4.9% |
| Tangible fixed assets22/27 | €0.8m | €0.7m | €0.5m | €1.6m | €2.0m | €2.9m | €3.1m | ▲ 4.9% |
| Land and buildings22 | - | - | €0.2m | €0.9m | €1.0m | €1.1m | €1.1m | ▲ 5.5% |
| Plant, machinery and equipment23 | - | - | €0.3m | €0.4m | €0.8m | €1.7m | €1.8m | ▲ 8.8% |
| Furniture and vehicles24 | - | - | €0.03m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 39.6% |
| Financial fixed assets28 | €43 | €43 | €43 | €43 | €43 | €43 | €43 | = |
| Current assets29/58 | €2.2m | €2.8m | €3.3m | €3.0m | €3.1m | €3.7m | €3.6m | ▼ 3.5% |
| Stocks and contracts in progress3 | €0.4m | €0.5m | €0.3m | €0.5m | €0.4m | €0.4m | €0.6m | ▲ 42.6% |
| Stocks30/36 | - | - | €0.3m | €0.5m | €0.4m | €0.4m | €0.6m | ▲ 42.6% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 8.8% |
| Trade receivables40 | - | - | €0.1m | €0.05m | €0.2m | €0.04m | €0.05m | ▲ 36.9% |
| Other amounts receivable41 | - | - | €0.05m | €0.1m | €0.08m | €0.1m | €0.1m | ▲ 0.2% |
| Current investments50/53 | €0.07m | €1.0m | €1.1m | €1.3m | €1.0m | €3.0m | €1.7m | ▼ 43.7% |
| Cash at bank and in hand54/58 | €1.5m | €1.1m | €1.6m | €1.1m | €1.4m | €0.1m | €1.1m | ▲ 942% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.001m | €0.007m | €0.003m | ▼ 60.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.0m | €3.5m | €3.8m | €4.6m | €5.0m | €6.7m | €6.7m | ▲ 0.2% |
| Equity10/15 | €1.9m | €2.1m | €2.4m | €3.0m | €3.8m | €5.2m | €5.8m | ▲ 12.3% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €0.9m | €1.1m | €1.4m | €2.0m | €2.8m | €4.2m | €4.8m | ▲ 15.3% |
| Non-distributable reserves130/1 | - | - | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Tax-exempt reserves132 | - | - | €0.04m | €0.09m | €0.07m | €0.3m | €0.5m | ▲ 70.7% |
| Distributable reserves133 | - | - | €1.3m | €1.8m | €2.6m | €3.8m | €4.2m | ▲ 11.7% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | - | - |
| Provisions and deferred taxes16 | - | €0.02m | €0.01m | €0.03m | €0.02m | €0.09m | €0.2m | ▲ 70.7% |
| Deferred taxes168 | - | - | €0.01m | €0.03m | €0.02m | €0.09m | €0.2m | ▲ 70.7% |
| Amounts payable17/49 | €1.1m | €1.4m | €1.4m | €1.6m | €1.2m | €1.4m | €0.7m | ▼ 49.3% |
| Amounts payable after more than one year17 | - | - | - | €0.6m | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €0.6m | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.1m | €1.4m | €1.3m | €1.0m | €1.2m | €1.4m | €0.7m | ▼ 49.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0 | - | - | - |
| Trade debts44 | €0.3m | €0.5m | €0.4m | €0.4m | €0.7m | €1.2m | €0.5m | ▼ 54.5% |
| Suppliers440/4 | - | - | €0.4m | €0.4m | €0.7m | €1.2m | €0.5m | ▼ 54.5% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.08m | €0.3m | €0.07m | €0.02m | ▼ 69.9% |
| Taxes450/3 | - | - | €0.1m | €0.07m | €0.3m | €0.04m | €0.001m | ▼ 97.4% |
| Remuneration and social security454/9 | - | - | €0.003m | €0.001m | €0.02m | €0.03m | €0.02m | ▼ 40.5% |
| Other amounts payable47/48 | - | - | €0.8m | €0.4m | €0.2m | €0.1m | €0.1m | ▲ 5.6% |
| Accrued charges and deferred income492/3 | - | - | €0.03m | €0.03m | €0.01m | €0.01m | €0.01m | ▲ 1.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.4m | €0.6m | €0.9m | €1.4m | €0.6m | ▼ 53.3% |
| + Depreciation and write-downs630 | €0.4m | €0.3m | €0.2m | €0.4m | €0.4m | €0.4m | €0.6m | ▲ 55.3% |
| Operating cash flow (approximation) | €0.7m | €0.5m | €0.6m | €0.9m | €1.3m | €1.8m | €1.3m | ▼ 29.0% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.08m | -€1.4m | -€0.8m | -€1.3m | -€0.8m | ▲ 43.4% |
| Change in cash | - | -€0.5m | €0.6m | -€0.5m | €0.2m | -€1.3m | €1.0m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as LEFEBRE has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEFEBRE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,368 companies, not a prediction for LEFEBRE. 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.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-04-2026 | 2026-00099195 | |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00085029 | |
| 30-09-2023 | abbreviated format | 18-04-2024 | 2024-00065418 | |
| 30-09-2022 | abbreviated format | 03-04-2023 | 2023-00053887 | |
| 30-09-2021 | abbreviated format | 12-04-2022 | 2022-20003327 | |
| 30-09-2020 | abbreviated format | 23-03-2021 | 2021-08200254 | |
| 30-09-2019 | abbreviated format | 25-03-2020 | 2020-07500356 | |
| 30-09-2018 | abbreviated format | 18-03-2019 | 2019-07200423 | |
| 30-09-2017 | abbreviated format | 19-03-2018 | 2018-07200174 | |
| 30-09-2016 | abbreviated format | 21-03-2017 | 2017-06900276 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 20-06-2024 Capital stated in the deed · €1,002,329.51
Mandate history
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| LEFEBRE Franky |
|
| LEFEBRE Daniel |
|
| Rita Reynaert |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, enige bestuurder”
Articles of association, deed of 20-06-2024 (in Dutch)
Network & group
LEFEBRE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of LEFEBRE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-06
Gazette deed
Change of role: LEFEBRE Franky, from director to niet statutaire enige bestuurderResignation: LEFEBRE Daniel (director) · Power of attorney · Registered office clause13 points ▸
- Power of attorney
- Power of attorney, Hélène Dusselier
- Registered office clause, “Gentstraat 317, 8760 Meulebeke, Zesde beslissing” (deed in Dutch)
- General meeting, 17-06-2024
- Amendment of the articles, mentioned 2 times in the deed
- Board rule, 1, “enige bestuurder” (deed in Dutch)
- Director resignation, LEFEBRE Daniel (director)
- Director resignation, LEFEBRE Franky (director)
- Director discharge, LEFEBRE Daniel
- Director discharge, LEFEBRE Franky
- Director appointment, LEFEBRE Franky (niet statutaire enige bestuurder)
- Purpose change
- The act holds 1 more point.
15-06
Gazette deed
Reappointments: Daniel Lefebre (director) and Franky Lefebre (director)Resignation: Rita Reynaert (director)6 points ▸
- General meeting, 07-04-2022
- Director reappointment, Daniel Lefebre (director)
- Director reappointment, Franky Lefebre (director)
- Director resignation, Rita Reynaert (director)
- Board meeting, 07-04-2022
- Director reappointment, Franky Lefebre (managing director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
5 activities
- Voor haar rekening of voor rekening van derden of tussenpersonen,alle activiteiten uit te voeren,in binnen- en buitenland,die verband houden met de aankoop,verkoop,verwerking en alle andere handelsdaden van vlas en vlasproducten het telen en verwerken van vlas.
- Evenals het produceren,uitbaten,verhandelen,invoeren en uitvoeren van alle goederen en diensten,welke met haar voorwerp verband houden.
- Te dien einde zal zij,zowel in België als in het buitenland,zowel voor eigen rekening als voor rekening van derden,alle commerciële,ambachtelijke,industriële,financiële,roerende of onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks,geheel of gedeeltelijk verband met haar voorwerp of die van aard zouden zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden.
- De vennootschap mag op om het even welke wijze betrokken zijn in zaken,ondernemingen,verenigingen of vennootschappen,zowel in België als in het buitenland,die hetzelfde,een gelijkaardig of een verwant voorwerp hebben of waarvan het voorwerp in enig verband met het hare staat.
- Zij kan zich ten gunste van vennootschappen borgstellen of haar aval verlenen,optreden als haar agent of vertegenwoordiger,bestuursmandaten vervullen,voorschotten toestaan,kredieten verlenen,hypothecaire of andere zekerheden verstrekken.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37322C1911/00P000 | Flanders | 2,924 m² | 1 · 201 m² | 6.0 m · 1 |