LEFEVRE INTERIORS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 34 filings
Turnover
≈ €160,000
Estimated: probably between €96,000 and €300,000
Total assets
€425,028▲ 12.3%
2024 · €378,482
Net result
€34,389▲ 28.9%
2024 · €26,683
Working capital
€248,376▲ 11.8%
2024 · €222,064
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€52,201
▲ 56.5%
2025
20182025
Net result
€34,389
▲ 28.9%
2025
middle half of the sector
20182025
Equity
€258,994
▲ 15.3%
2025
middle half of the sector
20182025
Total assets
€425,028
▲ 12.3%
2025
middle half of the sector
20182025
Debt
€166,034
▲ 7.9%
2025
20182025
Working capital
€248,376
▲ 11.8%
2025
middle half of the sector
20182025
Solvency
60.9%
▲ 1.6pp
2025
middle half of the sector
20182025
Current ratio
2.50
▼ 0.02
2025
middle half of the sector
20182025
Return on assets (ROA)
8.1%
▲ 1.0pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€14,496--€12,154▲ 16.2%€17,466€44,795▲ 156%€53,415▲ 19.2%€62,708▲ 17.4%€33,346▼ 46.8%€52,201▲ 56.5%
Net result-€19,719--€16,097▲ 18.4%€13,492within the sector's middle half€41,440within the sector's middle half▲ 207%€50,975within the sector's middle half▲ 23.0%€60,085within the sector's middle half▲ 17.9%€26,683within the sector's middle half▼ 55.6%€34,389within the sector's middle half▲ 28.9%
Equity€48,028-€31,931▼ 33.5%€45,423below the sector's middle half▲ 42.3%€86,862below the sector's middle half▲ 91.2%€137,838below the sector's middle half▲ 58.7%€197,923within the sector's middle half▲ 43.6%€224,606within the sector's middle half▲ 13.5%€258,994within the sector's middle half▲ 15.3%
Total assets€180,074-€164,912▼ 8.4%€175,910below the sector's middle half▲ 6.7%€218,306below the sector's middle half▲ 24.1%€266,336below the sector's middle half▲ 22.0%€364,258below the sector's middle half▲ 36.8%€378,482below the sector's middle half▲ 3.9%€425,028within the sector's middle half▲ 12.3%
Debt€132,046-€132,981▲ 0.7%€130,488▼ 1.9%€131,444▲ 0.7%€128,499▼ 2.2%€166,335▲ 29.4%€153,876▼ 7.5%€166,034▲ 7.9%
Working capital€45,058-€30,111▼ 33.2%€44,416within the sector's middle half▲ 47.5%€86,862within the sector's middle half▲ 95.6%€136,448within the sector's middle half▲ 57.1%€233,035within the sector's middle half▲ 70.8%€222,064within the sector's middle half▼ 4.7%€248,376within the sector's middle half▲ 11.8%
Solvency26.7%-19.4%▼ 7.3pp25.8%within the sector's middle half▲ 6.5pp39.8%within the sector's middle half▲ 14.0pp51.8%within the sector's middle half▲ 12.0pp54.3%within the sector's middle half▲ 2.6pp59.3%within the sector's middle half▲ 5.0pp60.9%within the sector's middle half▲ 1.6pp
Current ratio1.34-1.23▼ 0.111.34within the sector's middle half▲ 0.111.66within the sector's middle half▲ 0.322.06within the sector's middle half▲ 0.402.86within the sector's middle half▲ 0.802.52within the sector's middle half▼ 0.342.50within the sector's middle half▼ 0.02
Return on assets (ROA)-11.0%--9.8%▲ 1.2pp7.7%within the sector's middle half▲ 17.4pp19.0%above the sector's middle half▲ 11.3pp19.1%above the sector's middle half▲ 0.2pp16.5%above the sector's middle half▼ 2.6pp7.1%within the sector's middle half▼ 9.4pp8.1%within the sector's middle half▲ 1.0pp
above
within
below
The sector band is the middle half of the companies in Manufacture of furniture (NACE 31). 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 operating result for 2025 is 57% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €425,028
Fixed assets
€10,644 ▲ 7.7%
Current assets
€414,384 ▲ 12.4%
Equity and liabilities €425,028
Equity
€258,994 ▲ 15.3%
Debt
€166,034 ▲ 7.9%
Debt's share of the balance-sheet total falls from 40.7% to 39.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,403▲
2024 · €35,323
Cash flow
€37,591▲
2024 · €28,660
Quick ratio
2.49▼
2024 · 2.51
Debt to equity
0.64▼
2024 · 0.69
ROE
13.3%▲
2024 · 11.9%
Interest coverage
20.68▲
2024 · 12.88
Debt ≤ 1 year
€166,008▲
2024 · €146,534
Income taxes
€15,279▲
2024 · €4,166
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,545 | €3,623 | €1,113 | €1,243 |
| Intangible fixed assets | - | - | €2,085 | €4,800 | €2,720 |
| Depreciation and write-downs of the year | €525 | €155 | €1,151 | €1,976 | €3,203 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,450 | €1,151 | €813 | €525 | €155 | €1,151 | €1,976 | €3,203 | ▲ 62.1% |
| Other operating charges640/8 | - | - | - | €549 | €555 | €645 | €614 | €672 | ▲ 9.5% |
| Gross operating margin9900 | -€9,402 | -€8,315 | €19,734 | €45,869 | €54,125 | €64,504 | €35,937 | €56,076 | ▲ 56.0% |
| Operating profit (loss)9901 | -€14,496 | -€12,154 | €17,466 | €44,795 | €53,415 | €62,708 | €33,346 | €52,201 | ▲ 56.5% |
| Financial income75/76B | - | - | - | €861 | €173 | €103 | €246 | €146 | ▼ 40.6% |
| Recurring financial income75 | - | - | €10 | €861 | €173 | €103 | €246 | €146 | ▼ 40.6% |
| Financial charges65/66B | - | - | - | €4,216 | €2,612 | €2,727 | €2,743 | €2,679 | ▼ 2.3% |
| Recurring financial charges65 | €5,223 | €3,943 | €3,984 | €4,216 | €2,612 | €2,727 | €2,743 | €2,679 | ▼ 2.3% |
| Profit (loss) for the period before taxes9903 | -€19,719 | -€16,097 | €13,492 | €41,440 | €50,975 | €60,085 | €30,849 | €49,667 | ▲ 61.0% |
| Income taxes67/77 | - | - | - | - | - | - | €4,166 | €15,279 | ▲ 267% |
| Profit (loss) for the period9904 | -€19,719 | -€16,097 | €13,492 | €41,440 | €50,975 | €60,085 | €26,683 | €34,389 | ▲ 28.9% |
| Profit (loss) for the period to be appropriated9905 | -€19,719 | -€16,097 | €13,492 | €41,440 | €50,975 | €60,085 | €26,683 | €34,389 | ▲ 28.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €180,074 | €164,912 | €175,910 | €218,306 | €266,336 | €364,258 | €378,482 | €425,028 | ▲ 12.3% |
| Fixed assets21/28 | €2,970 | €1,820 | €1,007 | €0 | €1,390 | €5,947 | €9,884 | €10,644 | ▲ 7.7% |
| Intangible fixed assets21 | €741 | €247 | - | - | - | €1,765 | €5,888 | €6,857 | ▲ 16.5% |
| Tangible fixed assets22/27 | €1,748 | €1,091 | €525 | €0 | €1,390 | €4,182 | €3,996 | €3,788 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0 | €1,390 | €4,182 | €3,996 | €3,788 | ▼ 5.2% |
| Financial fixed assets28 | €482 | €482 | €482 | €0 | - | - | - | - | - |
| Current assets29/58 | €177,104 | €163,092 | €174,903 | €218,306 | €264,947 | €358,311 | €368,598 | €414,384 | ▲ 12.4% |
| Stocks and contracts in progress3 | €6,835 | €6,835 | €6,369 | €6,204 | €6,204 | €5,473 | €253 | €253 | = |
| Stocks30/36 | - | - | - | €6,204 | €6,204 | €5,473 | €253 | €253 | = |
| Amounts receivable within one year40/41 | €3,891 | €262 | €4,454 | €0 | €3,697 | €41,619 | €25,419 | €42,143 | ▲ 65.8% |
| Trade receivables40 | - | - | - | €0 | €3,697 | €28,695 | €4,681 | €31,659 | ▲ 576% |
| Other amounts receivable41 | - | - | - | - | - | €12,924 | €20,738 | €10,484 | ▼ 49.4% |
| Cash at bank and in hand54/58 | €164,652 | €154,118 | €162,069 | €210,002 | €252,896 | €308,566 | €338,347 | €369,591 | ▲ 9.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,100 | €2,150 | €2,652 | €4,579 | €2,398 | ▼ 47.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €180,074 | €164,912 | €175,910 | €218,306 | €266,336 | €364,258 | €378,482 | €425,028 | ▲ 12.3% |
| Equity10/15 | €48,028 | €31,931 | €45,423 | €86,862 | €137,838 | €197,923 | €224,606 | €258,994 | ▲ 15.3% |
| Contributions10/11 | €225,000 | €225,000 | - | €225,000 | €225,000 | €225,000 | €225,000 | €225,000 | = |
| Reserves13 | €10,690 | €10,690 | €10,690 | €10,690 | €10,690 | €10,690 | €10,690 | €33,994 | ▲ 218% |
| Non-distributable reserves130/1 | - | - | - | €2,250 | €2,250 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,250 | €2,250 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €8,440 | €8,440 | €8,440 | €8,440 | €8,440 | = |
| Distributable reserves133 | - | - | - | - | - | €2,250 | €2,250 | €25,554 | ▲ 11× |
| Profit (loss) carried forward14 | -€187,662 | -€203,759 | -€190,267 | -€148,828 | -€97,852 | -€37,767 | -€11,084 | €0 | - |
| Amounts payable17/49 | €132,046 | €132,981 | €130,488 | €131,444 | €128,499 | €166,335 | €153,876 | €166,034 | ▲ 7.9% |
| Amounts payable within one year42/48 | €132,046 | €132,981 | €130,488 | €131,444 | €128,499 | €125,276 | €146,534 | €166,008 | ▲ 13.3% |
| Trade debts44 | €1,651 | €2,273 | €1,461 | €2,496 | €3,276 | €718 | €19,488 | €30,994 | ▲ 59.0% |
| Suppliers440/4 | - | - | - | €2,496 | €3,276 | €718 | €19,488 | €30,994 | ▲ 59.0% |
| Taxes, remuneration and social security45 | - | - | - | €3,998 | €1,682 | €0 | - | €10,697 | - |
| Taxes450/3 | - | - | - | €3,998 | €1,682 | €0 | - | €10,697 | - |
| Other amounts payable47/48 | - | - | - | €124,949 | €123,541 | €124,558 | €127,046 | €124,317 | ▼ 2.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €41,059 | €7,342 | €26 | ▼ 99.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,719 | -€16,097 | €13,492 | €41,440 | €50,975 | €60,085 | €26,683 | €34,389 | ▲ 28.9% |
| + Depreciation and write-downs630 | €2,450 | €1,151 | €813 | €525 | €155 | €1,151 | €1,976 | €3,203 | ▲ 62.1% |
| Operating cash flow (approximation) | -€17,269 | -€14,947 | €14,304 | €41,965 | €51,131 | €61,236 | €28,660 | €37,591 | ▲ 31.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €482 | -€1,545 | -€5,708 | -€5,913 | -€3,963 | ▲ 33.0% |
| Change in cash | - | -€10,535 | €7,951 | €47,933 | €42,895 | €55,670 | €29,781 | €31,244 | ▲ 4.9% |
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 LEFEVRE INTERIORS has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LEFEVRE INTERIORS 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 LEFEVRE INTERIORS. 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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00274794 | |
| 31-12-2024 | abbreviated format | 19-06-2025 | 2025-00151888 | |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00132274 | |
| 31-12-2022 | abbreviated format | 12-06-2023 | 2023-00118661 | |
| 31-12-2021 | abbreviated format | 15-06-2022 | 2022-20063189 | |
| 31-12-2020 | abbreviated format | 14-06-2021 | 2021-19200519 | |
| 31-12-2019 | abbreviated format | 16-06-2020 | 2020-16900408 | |
| 31-12-2018 | abbreviated format | 20-07-2019 | 2019-35200321 | |
| 31-12-2017 | abbreviated format | 14-07-2018 | 2018-32700298 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-23600437 |