LEFRED
ActiveSummary
LEFRED has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €123k and a net result of €7k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+14
Solvency65▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.21 in 2023; short-term debt: 24.2% and cash: 2.1% of total assets), and 60.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.5%
Return on assets
2.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
30 d late
2022
7 d late
2021
17 d late
2020
31 d late
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€123k▲ 6.2%
2023 · €116k
2018: €96k
2019: €100k▲ +3.8% vs 2018
2020: €96k▼ -4.3% vs 2019lowest in 7 years
2021: €102k▲ +6.4% vs 2020
2022: €112k▲ +10.0% vs 2021
2023: €116k▲ +3.4% vs 2022
2024: €123k▲ +6.2% vs 2023highest in 7 years
2018 → 2024
Total assets
€312k▼ 1.7%
2023 · €317k
2018: €338khighest in 7 years
2019: €322k▼ -4.7% vs 2018
2020: €309k▼ -4.2% vs 2019
2021: €300k▼ -2.8% vs 2020
2022: €295k▼ -1.5% vs 2021lowest in 7 years
2023: €317k▲ +7.3% vs 2022
2024: €312k▼ -1.7% vs 2023
2018 → 2024
Net result
€7k▲ 87.0%
2023 · €4k
2018: €-3k
2019: €4k▲ +214% vs 2018
2020: €-4k▼ -217% vs 2019lowest in 7 years
2021: €6k▲ +243% vs 2020
2022: €10k▲ +67.1% vs 2021highest in 7 years
2023: €4k▼ -62.6% vs 2022
2024: €7k▲ +87.0% vs 2023
2018 → 2024
Working capital
€-53k▲ 12.8%
2023 · €-60k
2018: €-49k
2019: €-43k▲ +11.4% vs 2018
2020: €-46k▼ -6.4% vs 2019
2021: €-40k▲ +12.7% vs 2020
2022: €-30k▲ +24.7% vs 2021highest in 7 years
2023: €-60k▼ -100% vs 2022lowest in 7 years
2024: €-53k▲ +12.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€96k-€102k▲ 6.4%€112k▲ 10.0%€116k▲ 3.4%€123k▲ 6.2%
2020: €96klowest in 5 years
2021: €102k▲ +6.4% vs 2020
2022: €112k▲ +10.0% vs 2021
2023: €116k▲ +3.4% vs 2022
2024: €123k▲ +6.2% vs 2023highest in 5 years
Operating result€3k-€14k▲ 396%€21k▲ 57.0%€11k▼ 46.6%€16k▲ 36.9%
2020: €3klowest in 5 years
2021: €14k▲ +396% vs 2020
2022: €21k▲ +57.0% vs 2021highest in 5 years
2023: €11k▼ -46.6% vs 2022
2024: €16k▲ +36.9% vs 2023
Net result€-4k-€6k€10k▲ 67.1%€4k▼ 62.6%€7k▲ 87.0%
2020: €-4klowest in 5 years
2021: €6k▲ +243% vs 2020
2022: €10k▲ +67.1% vs 2021highest in 5 years
2023: €4k▼ -62.6% vs 2022
2024: €7k▲ +87.0% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 37% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €312k
Fixed assets
€289k ▼ 4.2%
Current assets
€23k ▲ 46.4%
Equity and liabilities €312k
Equity
€123k ▲ 6.2%
Debt
€188k ▼ 6.2%
Debt's share of the balance-sheet total falls from 63.4% to 60.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2023 · €25k
Cash flow
€22k▲
2023 · €17k
Current ratio
0.30▲
2023 · 0.21
Debt to equity
1.53▼
2023 · 1.73
ROE
5.8%▲
2023 · 3.3%
ROA
2.3%▲
2023 · 1.2%
Interest coverage
5.80▲
2023 · 4.27
Debt ≤ 1 year
€75k▼
2023 · €76k
Debt > 1 year
€112k▼
2023 · €125k
Income taxes
€3k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€317k€312k▼
Fixed assets21/28€301k€289k▼
Tangible fixed assets22/27€301k€289k▼
Land and buildings22€301k€287k▼
Plant, machinery and equipment23€671€87▼
Furniture and vehicles24-€2k
Financial fixed assets28€25€25=
Current assets29/58€16k€23k▲
Amounts receivable within one year40/41€13k€16k▲
Trade receivables40€13k€15k▲
Other amounts receivable41€80€169▲
Cash at bank and in hand54/58€2k€6k▲
Deferred charges and accrued income490/1€716€830▲
Equity and liabilities
Total equity and liabilities10/49€317k€312k▼
Equity10/15€116k€123k▲
Contributions10/11€6k€6k=
Reserves13€53k€60k▲
Tax-exempt reserves132€37k€37k=
Distributable reserves133€16k€23k▲
Profit (loss) carried forward14€57k€57k=
Amounts payable17/49€201k€188k▼
Amounts payable after more than one year17€125k€112k▼
Financial debts170/4€125k€112k▼
Amounts payable within one year42/48€76k€75k▼
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44-€1k
Suppliers440/4-€1k
Taxes, remuneration and social security45€9k€4k▼
Taxes450/3€9k€4k▼
Other amounts payable47/48€55k€57k▲
Accrued charges and deferred income492/3-€615
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€15k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€27k€33k▲
Operating profit (loss)9901€11k€16k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€6k€10k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€4k€7k▲
Profit (loss) for the period to be appropriated9905€4k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€60k€64k▲
Profit (loss) brought forward from the previous period14P€57k€57k=
Transfer to equity691/2€4k€7k▲
To other reserves6921€4k€7k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €13k | €13k | €15k | ▲ 13.1% |
| Other operating charges640/8 | - | €1k | €1k | €2k | €2k | ▼ 12.7% |
| Gross operating margin9900 | €16k | €28k | €36k | €27k | €33k | ▲ 21.0% |
| Operating profit (loss)9901 | €3k | €14k | €21k | €11k | €16k | ▲ 36.9% |
| Financial income75/76B | - | €1 | - | - | €0 | - |
| Recurring financial income75 | - | €1 | - | - | €0 | - |
| Financial charges65/66B | - | €7k | €6k | €6k | €5k | ▼ 8.6% |
| Recurring financial charges65 | €7k | €7k | €6k | €6k | €5k | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €-4k | €7k | €15k | €6k | €10k | ▲ 82.5% |
| Income taxes67/77 | - | €672 | €5k | €2k | €3k | ▲ 73.5% |
| Profit (loss) for the period9904 | €-4k | €6k | €10k | €4k | €7k | ▲ 87.0% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €6k | €10k | €4k | €7k | ▲ 87.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €309k | €300k | €295k | €317k | €312k | ▼ 1.7% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €302k | €291k | €280k | €301k | €289k | ▼ 4.2% |
| Tangible fixed assets22/27 | €302k | €291k | €279k | €301k | €289k | ▼ 4.2% |
| Land and buildings22 | - | €291k | €278k | €301k | €287k | ▼ 4.7% |
| Plant, machinery and equipment23 | - | - | €1k | €671 | €87 | ▼ 87.1% |
| Furniture and vehicles24 | - | - | - | - | €2k | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €7k | €9k | €16k | €16k | €23k | ▲ 46.4% |
| Amounts receivable within one year40/41 | €573 | €5k | €11k | €13k | €16k | ▲ 18.6% |
| Trade receivables40 | - | €5k | €9k | €13k | €15k | ▲ 18.0% |
| Other amounts receivable41 | - | - | €1k | €80 | €169 | ▲ 110% |
| Cash at bank and in hand54/58 | €6k | €5k | €5k | €2k | €6k | ▲ 274% |
| Deferred charges and accrued income490/1 | - | - | - | €716 | €830 | ▲ 15.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €309k | €300k | €295k | €317k | €312k | ▼ 1.7% |
| Equity10/15 | €96k | €102k | €112k | €116k | €123k | ▲ 6.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Uncalled capital101 | - | €12k | - | - | - | - |
| Reserves13 | €39k | €39k | €49k | €53k | €60k | ▲ 13.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | - | - | - |
| Tax-exempt reserves132 | - | €37k | €37k | €37k | €37k | = |
| Distributable reserves133 | - | - | €10k | €16k | €23k | ▲ 44.9% |
| Profit (loss) carried forward14 | €50k | €57k | €57k | €57k | €57k | = |
| Amounts payable17/49 | €213k | €198k | €183k | €201k | €188k | ▼ 6.2% |
| Amounts payable after more than one year17 | €160k | €149k | €137k | €125k | €112k | ▼ 10.1% |
| Financial debts170/4 | - | €149k | €137k | €125k | €112k | ▼ 10.1% |
| Amounts payable within one year42/48 | €53k | €49k | €46k | €76k | €75k | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | €11k | €12k | €12k | €13k | ▲ 4.0% |
| Trade debts44 | €2k | €143 | - | - | €1k | - |
| Suppliers440/4 | - | €143 | - | - | €1k | - |
| Taxes, remuneration and social security45 | - | €687 | €5k | €9k | €4k | ▼ 50.8% |
| Taxes450/3 | - | €687 | €5k | €9k | €4k | ▼ 50.8% |
| Other amounts payable47/48 | - | €37k | €29k | €55k | €57k | ▲ 3.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €615 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €6k | €10k | €4k | €7k | ▲ 87.0% |
| + Depreciation and write-downs630 | €12k | €12k | €13k | €13k | €15k | ▲ 13.1% |
| Operating cash flow (approximation) | €8k | €19k | €23k | €17k | €22k | ▲ 29.8% |
| Investment in fixed assets (approximation) | - | €-2k | €-2k | €-35k | €-2k | ▲ 93.8% |
| Change in cash | - | €-2k | €698 | €-4k | €5k | ▲ 233% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €10k ▲67.1%
Operating result €21k, net result €10k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Equity above €100kEq €102k ▲6.4%
Equity rises from €96k to €102k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Equity above €100kEq €100k ▲3.8%
Equity rises from €96k to €100k.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 43 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 2011
Ground area
783 m²
Building footprint
188 m²
Volume, LiDAR
1,913 m³
2 parcels, Wallonia · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LEFRED SPRL
since 20112.198.791.842
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55026A0156/00A008 | Wallonia | 438 m² | 1 · 119 m² | 12.8 m · 4 fl. |
| 55020C0110/00S000 | Wallonia | 345 m² | 1 · 68 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,916 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.