LEVI
ActiveSummary
LEVI has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.8m and a net result of €1.6m. Equity has been growing by about 77% per year since 2019. Its solvency ranks better than 69% of 543 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-04-1994 Normal situation
- Activity
- Rental and leasing activities NACE 77223and 6 others
- Joint committee
- 126 Paritair Comité voor de stoffering en de houtbewerking · annual accounts 30-06-2025
- Establishment units
- 2.066.555.997 9820 Merelbeke-Melle, since 26-04-1994
- 2.261.701.686 9820 Merelbeke-Melle, since 09-04-2008and 2 others
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Lejeune ChristianManaging director
- Lejeune TommyManaging director
- Vindevogel CarineManaging director
- Holdings
- Shares in 2 companies PALMIMMO and RUWI
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts to 30-06-2025
- Turnover
- €11.9m
- ▼ 7.1%
- Profit
- €1.6m
- ▼ 34.9%
- Equity
- €7.8m
- ▲ 21.0%
- Total assets
- €12.0m
- ▼ 2.8%
- Employees on 30-06-2025
- 75
- ▲ 25.0%
Filed on 29-01-2026, 2 days before the deadline
Score breakdownraises riskLiquidity: current ratio 2.03, cash €428,307lowers riskFounded in 1994Profit of €1.6m (financial year 2025)Equity €7.8m (65.3% of total assets)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of medium-sized companies in rental and leasing (NACE 77)
Financial strength · tick: 2024
Strong
Solvency
90+13
equity 65.3% of total assets
Liquidity
53+4
short-term debt 11.7% · cash 3.6%
Profitability
90-5
return on assets 13.1%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.2%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025
02-2026: 0.1%▼ -0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.03 (1.82 in 2024), above the usual 1.5. Short-term debt is 11.7% and cash 3.6% of total assets. 34.7% of the assets are financed with debt and provisions.
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 77, medium-sized). It does better than 82% of them on solvency, 81% on liquidity, 99% on profitability and 50% 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
2 days early
2023
on the day
2022
11 days late
2021
62 days early
2020
26 days late
2019
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 29 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end02-11-2026 today31-01-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 29-01-2026 PDF all 30 filings
Turnover
€11.9m▼ 7.1%
2024 · €12.8m
EBIT margin
18.9%▼ 8.4pp
2024 · 27.3%
Net result
€1.6m▼ 34.9%
2024 · €2.4m
Working capital
€1.4m▼ 3.0%
2024 · €1.5m
In the rankings
#3 employer in East Flanders, Rental and leasing sector#3 company by total assets in Merelbeke-Melle, Administrative and support services sector#3 company by equity in Merelbeke-Melle, Administrative and support services sector
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 36% lower than in 2024. It is the second fall in a row.
Turnover€11.9m
2025
Operating result€2.2m
2025
Net result€1.6m
2025
Total assets€12.0m
2025
Equity€7.8m
2025
Debt€4.2m
2025
Working capital€1.4m
2025
EBIT margin18.9%
2025
Return on assets (ROA)13.1%
2025
Solvency65.3%
2025
Current ratio2.03
2025
Staff (FTE)66.8
2025
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 Rental and leasing activities (NACE 77). 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€2.5m€9.5m▲ 280%€13.0m▲ 36.5%€12.8m▼ 2.0%€11.9m▼ 7.1%
Operating result€0.2m--€0.3m-€0.6m▼ 85.3%€1.9m€3.6m▲ 90.7%€3.5m▼ 4.1%€2.2m▼ 35.5%
Net result-€0.008m--€0.5mbelow the sector's middle half▼ 6,739%-€0.8mbelow the sector's middle half▼ 56.3%€1.7mabove the sector's middle half€2.7mabove the sector's middle half▲ 62.4%€2.4mabove the sector's middle half▼ 10.3%€1.6mabove the sector's middle half▼ 34.9%
EBIT margin-23.5%20.0%▲ 43.4pp27.9%▲ 7.9pp27.3%▼ 0.6pp18.9%▼ 8.4pp
Equity€1.5m-€1.0mabove the sector's middle half▼ 35.6%€0.1mwithin the sector's middle half▼ 86.2%€1.8mwithin the sector's middle half▲ 14×€4.5mabove the sector's middle half▲ 150%€6.5mabove the sector's middle half▲ 44.7%€7.8mabove the sector's middle half▲ 21.0%
Total assets€13.7m-€15.7mabove the sector's middle half▲ 14.5%€14.9mabove the sector's middle half▼ 5.0%€14.8mabove the sector's middle half▼ 0.4%€13.5mabove the sector's middle half▼ 9.1%€12.3mabove the sector's middle half▼ 8.3%€12.0mwithin the sector's middle half▼ 2.8%
Debt€12.2m-€14.7m▲ 20.6%€14.7m▲ 0.3%€13.0m▼ 11.6%€9.0m▼ 31.0%€5.9m▼ 34.7%€4.2m▼ 29.1%
Working capital-€0.9m--€0.5mbelow the sector's middle half▲ 49.4%-€1.1mbelow the sector's middle half▼ 132%-€0.2mbelow the sector's middle half▲ 78.4%€1.2mabove the sector's middle half€1.5mabove the sector's middle half▲ 24.0%€1.4mabove the sector's middle half▼ 3.0%
Solvency10.9%-6.1%below the sector's middle half▼ 4.7pp0.9%below the sector's middle half▼ 5.2pp12.1%within the sector's middle half▲ 11.2pp33.2%within the sector's middle half▲ 21.2pp52.5%within the sector's middle half▲ 19.2pp65.3%within the sector's middle half▲ 12.8pp
Current ratio0.75-0.83within the sector's middle half▲ 0.080.68below the sector's middle half▼ 0.150.94within the sector's middle half▲ 0.261.42within the sector's middle half▲ 0.491.82within the sector's middle half▲ 0.392.03within the sector's middle half▲ 0.21
Return on assets (ROA)-0.1%--3.4%below the sector's middle half▼ 3.3pp-5.5%below the sector's middle half▼ 2.2pp11.2%above the sector's middle half▲ 16.7pp20.0%above the sector's middle half▲ 8.8pp19.5%above the sector's middle half▼ 0.4pp13.1%above the sector's middle half▼ 6.5pp
Staff (FTE)60.2-59.8above the sector's middle half▼ 0.7%47above the sector's middle half▼ 21.4%46.3above the sector's middle half▼ 1.5%57.8above the sector's middle half▲ 24.8%61.1above the sector's middle half▲ 5.7%66.8above the sector's middle half▲ 9.3%
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). 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.
Large changes and their cause
- 2021 Net result -56% on 2020. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.0m
Fixed assets
€9.1m ▲ 1.3%
Current assets
€2.9m ▼ 14.0%
Equity and liabilities €12.0m
Equity
€7.8m ▲ 21.0%
Debt
€4.2m ▼ 29.1%
Debt's share of the balance-sheet total falls from 47.5% to 34.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.7m▼
2024 · €5.0m
Cash flow
€3.0m▼
2024 · €4.0m
Quick ratio
2.01▲
2024 · 1.81
Debt to equity
0.53▼
2024 · 0.91
ROE
20.0%▼
2024 · 37.2%
Interest coverage
45.05▲
2024 · 27.18
Debt ≤ 1 year
€1.4m▼
2024 · €1.8m
Debt > 1 year
€2.6m▼
2024 · €3.9m
Income taxes
€600,075▼
2024 · €872,509
Customer credit
63 days▼
2024 · 65 days
Supplier credit
194 days▲
2024 · 156 days
Staff costs
€4.1m▲
2024 · €3.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 48 | 67 | 60 | 75 |
| full-time | 44 | 64 | 58 | 70 |
| part-time | 4 | 3 | 2 | 5 |
| in full-time equivalents | 46.3 | 65.9 | 59 | 73 |
| Average over the year, in full-time equivalents | 42.9 | 57.8 | 61.1 | 66.8 |
| On a permanent contract | 34 | 34 | 36 | 40 |
| Joined | 140 | 206 | 251 | 655 |
| Left | 135 | 187 | 258 | 640 |
| Agency workers, average number | 10.9 | 21 | 14 | 8.4 |
| Training hours | 332 | 345 | 465 | 393 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €9.7m | €7.9m | €4.9m | €3.2m |
| Mortgages, amount registered | €694,186 | €744,186 | €1.1m | €1.1m |
| Mortgage mandates | €7.0m | €7.2m | €10.6m | €10.6m |
| Carrying value of the mortgaged assets | €5.5m | €7.0m | €7.0m | €6.7m |
| Pledge on the business | €970,000 | €970,000 | €200,000 | €200,000 |
| Mandates to pledge the business | - | - | €770,000 | €770,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €508,228 | €4.8m | €1.3m | €1.5m |
| Intangible fixed assets | - | €385,500 | €63,336 | €59,903 |
| Financial fixed assets | - | €7,180 | - | - |
| Depreciation and write-downs of the year | €1.9m | €1.5m | €1.6m | €1.4m |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 10 entries · €393,694 awarded · €393,696 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,637 | €3,528 |
| 2024 | 3 | €8,407 | €8,370 |
| 2023 | 3 | €28,057 | €28,205 |
| 2022 | 3 | €353,593 | €353,593 |
Comparable companies
These companies have the same main activity as LEVI: rental and leasing activities (NACE 77223). They are comparable in size and age: total assets between €2.2m and €17m, founded between 1985 and 1997.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| LEVI Merelbeke-Melle | 1994 | €12.0m | €7.8m | - | €11.9m | €1.6m | 66.8 | 2025 |
| Options Belgique Vorst | 1997 | €4.1m | -€1.2m | - | €7.0m | -€2.6m | 56.7 | 2025 |
| PICOBELLO RENTING Roeselare | 1992 | €15.8m | €3.6m | €4.9m | - | €0.04m | 53.7 | 2026 |
| AQUA VITAL Wavre | 1995 | €16.6m | €1.2m | €3.7m | - | -€0.2m | 34.4 | 2025 |
| BANQUETS-LOCATIONS Nivelles | 1985 | €5.4m | €1.4m | €3.2m | - | €0.5m | 34.6 | 2025 |
| GOED TEN HOUTE Kortrijk | 1989 | €5.3m | €4.9m | -€0.2m | - | -€0.2m | - | 2025 |
| B.V. Catering - Service Mouscron | 1994 | €2.2m | €0.7m | €0.1m | - | €0.005m | - | 2025 |
They were chosen from the 139 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,579 companies had the same profile as LEVI has now. Two years later, 0.1% had gone bankrupt and 96.7% were still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.2%
stopped otherwise
96.7%
was still going
That fits the bankruptcy probability of LEVI 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 1,579 companies, not a prediction for LEVI. 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.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €10.0m | €13.6m | €13.5m | €12.6m | ▼ 6.5% |
| Turnover70 | - | - | €2.5m | €9.5m | €13.0m | €12.8m | €11.9m | ▼ 7.1% |
| Own construction capitalised72 | - | - | - | €0.006m | €0.03m | €0.08m | €0.2m | ▲ 174% |
| Other operating income74 | - | - | - | €0.4m | €0.6m | €0.7m | €0.6m | ▼ 17.3% |
| Operating charges60/66A | - | - | - | €8.1m | €10.0m | €10.0m | €10.4m | ▲ 3.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.7m | €0.8m | €0.8m | €0.8m | ▲ 2.8% |
| Purchases600/8 | - | - | - | €0.7m | €0.8m | €0.8m | €0.8m | ▲ 5.5% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.05m | €0.02m | €0.008m | -€0.01m | - |
| Services and other goods61 | - | - | - | €3.2m | €4.2m | €3.8m | €3.9m | ▲ 1.5% |
| Remuneration, social security and pensions62 | - | - | - | €2.2m | €3.2m | €3.6m | €4.1m | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.4m | €1.7m | €1.5m | €1.9m | €1.5m | €1.6m | €1.4m | ▼ 8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.006m | €392 | €0.003m | €0.005m | ▲ 72.9% |
| Other operating charges640/8 | - | - | - | €0.1m | €0.3m | €0.2m | €0.2m | ▼ 14.5% |
| Gross operating margin9900 | €5.5m | €3.7m | - | - | - | - | - | - |
| Operating profit (loss)9901 | €0.2m | -€0.3m | -€0.6m | €1.9m | €3.6m | €3.5m | €2.2m | ▼ 35.5% |
| Financial income75/76B | - | - | - | €0.008m | €0.02m | €0.02m | €0.04m | ▲ 111% |
| Recurring financial income75 | €0.004m | €0.007m | €0.003m | €0.008m | €0.02m | €0.02m | €0.04m | ▲ 111% |
| Income from financial fixed assets750 | - | - | - | €0.006m | €0.01m | €0.02m | €0.03m | ▲ 112% |
| Other financial income752/9 | - | - | - | €0.002m | €0.003m | €0.002m | €0.004m | ▲ 105% |
| Financial charges65/66B | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 48.0% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 48.0% |
| Debt charges650 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.08m | ▼ 56.1% |
| Other financial charges652/9 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | -€0.01m | -€0.5m | -€0.8m | €1.7m | €3.4m | €3.3m | €2.2m | ▼ 33.9% |
| Income taxes67/77 | €0.1m | €0.001m | €0.001m | €0.04m | €0.8m | €0.9m | €0.6m | ▼ 31.2% |
| Taxes670/3 | - | - | - | €0.04m | €0.8m | €0.9m | €0.6m | ▼ 31.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €80 | - | - |
| Profit (loss) for the period9904 | -€0.008m | -€0.5m | -€0.8m | €1.7m | €2.7m | €2.4m | €1.6m | ▼ 34.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.03m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | -€0.5m | -€0.8m | €1.7m | €2.7m | €2.4m | €1.6m | ▼ 34.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €13.7m | €15.7m | €14.9m | €14.8m | €13.5m | €12.3m | €12.0m | ▼ 2.8% |
| Fixed assets21/28 | €10.8m | €13.3m | €12.5m | €11.1m | €9.4m | €9.0m | €9.1m | ▲ 1.3% |
| Intangible fixed assets21 | €0.03m | €0.02m | €0.01m | €0.004m | €0.3m | €0.3m | €0.3m | ▼ 10.3% |
| Tangible fixed assets22/27 | €8.2m | €10.5m | €9.6m | €8.2m | €8.8m | €8.7m | €8.8m | ▲ 1.7% |
| Land and buildings22 | - | - | - | €5.5m | €7.0m | €7.0m | €6.7m | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | €1.6m | €1.3m | €1.4m | €1.7m | ▲ 20.4% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.02m | €0.02m | €0.2m | ▲ 832% |
| Leasing and similar rights25 | - | - | - | €1.1m | €0.5m | €0.3m | €0.2m | ▼ 24.1% |
| Financial fixed assets28 | €2.6m | €2.8m | €2.8m | €2.8m | €0.2m | €0.03m | €0.03m | ▲ 0.5% |
| Affiliated companies280/1 | - | - | - | €2.6m | - | - | - | - |
| Participating interests280 | - | - | - | €2.6m | - | - | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.2m | €0.2m | €0.03m | €0.03m | ▲ 0.5% |
| Shares284 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.2m | €0.2m | €0.005m | €0.005m | ▲ 2.9% |
| Current assets29/58 | €2.8m | €2.3m | €2.4m | €3.7m | €4.0m | €3.3m | €2.9m | ▼ 14.0% |
| Stocks and contracts in progress3 | €0.06m | €0.02m | €0.004m | €0.05m | €0.03m | €0.02m | €0.03m | ▲ 65.2% |
| Stocks30/36 | - | - | - | €0.05m | €0.03m | €0.02m | €0.03m | ▲ 65.2% |
| Goods purchased for resale34 | - | - | - | €0.05m | €0.03m | €0.02m | €0.03m | ▲ 65.2% |
| Amounts receivable within one year40/41 | €2.1m | €1.7m | €1.6m | €2.4m | €2.4m | €2.5m | €2.3m | ▼ 7.7% |
| Trade receivables40 | - | - | - | €1.7m | €2.0m | €2.3m | €2.1m | ▼ 8.7% |
| Other amounts receivable41 | - | - | - | €0.7m | €0.4m | €0.2m | €0.3m | ▲ 1.3% |
| Current investments50/53 | €0.4m | €0.4m | €0.001m | €0.001m | €0.5m | €0.5m | €0.001m | ▼ 99.8% |
| Other investments51/53 | - | - | - | €0.001m | €0.5m | €0.5m | €0.001m | ▼ 99.8% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.4m | €1.2m | €1.0m | €0.2m | €0.4m | ▲ 173% |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.04m | €0.1m | €0.08m | ▼ 39.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €13.7m | €15.7m | €14.9m | €14.8m | €13.5m | €12.3m | €12.0m | ▼ 2.8% |
| Equity10/15 | €1.5m | €1.0m | €0.1m | €1.8m | €4.5m | €6.5m | €7.8m | ▲ 21.0% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.5m | €4.1m | €6.2m | €7.6m | ▲ 21.9% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €0.5m | €4.0m | €6.2m | €7.5m | ▲ 22.0% |
| Profit (loss) carried forward14 | €0.5m | €0.003m | -€0.8m | €0.9m | - | - | - | - |
| Amounts payable17/49 | €12.2m | €14.7m | €14.7m | €13.0m | €9.0m | €5.9m | €4.2m | ▼ 29.1% |
| Amounts payable after more than one year17 | €8.4m | €11.8m | €11.2m | €8.8m | €6.1m | €3.9m | €2.6m | ▼ 33.2% |
| Financial debts170/4 | - | - | - | €8.5m | €5.9m | €3.7m | €2.6m | ▼ 29.8% |
| Leasing and similar obligations172 | - | - | - | €0.9m | €0.4m | €0.2m | €0.1m | ▼ 41.7% |
| Credit institutions173 | - | - | - | €7.6m | €5.5m | €3.5m | €2.5m | ▼ 29.2% |
| Other amounts payable178/9 | - | - | - | €0.3m | €0.2m | €0.2m | - | - |
| Amounts payable within one year42/48 | €3.8m | €2.8m | €3.5m | €4.0m | €2.8m | €1.8m | €1.4m | ▼ 22.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2.3m | €2.1m | €1.2m | €0.6m | ▼ 52.6% |
| Trade debts44 | €1.3m | €1.2m | €0.8m | €1.1m | €0.5m | €0.3m | €0.4m | ▲ 28.0% |
| Suppliers440/4 | - | - | - | €1.1m | €0.5m | €0.3m | €0.4m | ▲ 28.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 33.1% |
| Taxes450/3 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 46.9% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 18.4% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.001m | €0.005m | €0.02m | ▲ 399% |
| Accrued charges and deferred income492/3 | - | - | - | €0.3m | €0.08m | €0.1m | €0.1m | ▲ 4.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.008m | -€0.5m | -€0.8m | €1.7m | €2.7m | €2.4m | €1.6m | ▼ 34.9% |
| + Depreciation and write-downs630 | €2.4m | €1.7m | €1.5m | €1.9m | €1.5m | €1.6m | €1.4m | ▼ 8.6% |
| Operating cash flow (approximation) | €2.4m | €1.2m | €0.7m | €3.5m | €4.1m | €4.0m | €3.0m | ▼ 24.6% |
| Investment in fixed assets (approximation) | - | -€4.2m | -€0.6m | -€0.5m | €0.2m | -€1.2m | -€1.5m | ▼ 33.1% |
| Change in cash | - | -€0.1m | €0.2m | €0.8m | -€0.1m | -€0.9m | €0.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 29-01-2026 | 2026-00023854 | |
| 30-06-2024 | full format | 29-01-2025 | 2025-00017600 | |
| 30-06-2023 | full format | 31-01-2024 | 2024-00022961 | |
| 30-06-2022 | full format | 11-02-2023 | 2023-00026835 | |
| 30-06-2021 | full format | 30-11-2021 | 2021-79100349 | |
| 30-06-2020 | abbreviated format | 26-02-2021 | 2021-06600106 | |
| 30-06-2019 | abbreviated format | 12-02-2020 | 2020-05000154 | |
| 30-06-2018 | full format | 31-01-2019 | 2019-04200443 | |
| 30-06-2017 | full format | 06-02-2018 | 2018-04500166 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03700340 |
Board & ownership
Directors
Directors
4 directors, 3 in day-to-day management, last change in 2023
Board 4
Lejeune Christian
Current
Director (not named in the articles) · current term since 31-07-2023 · listed in the 2025 annual accounts, filed on 29-01-2026
Lejeune Timothy
Current
Director (not named in the articles) · current term since 31-07-2023 · listed in the 2025 annual accounts, filed on 29-01-2026
Lejeune Tommy
Current
Director (not named in the articles) · current term since 31-07-2023 · listed in the 2025 annual accounts, filed on 29-01-2026
Vindevogel Carine
Current
Director (not named in the articles) · current term since 31-07-2023 · listed in the 2025 annual accounts, filed on 29-01-2026
Day-to-day management 3
Lejeune Tommy
Current
Managing director · appointed in the act of 25-05-2022
Vindevogel Carine
Current
Managing director · appointed in the act of 25-05-2022 · 6-year term from 2022
Lejeune Christian
Current
Managing director · appointed in the act of 31-03-2025
Owners and capital
Capital transactions
Capital over time
- 25-10-2023 Capital reduction of €160,560.44 · to €265,493.96 · repaid to the shareholders
Mandate history
6 people, 4 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Lejeune Christian |
|
| Lejeune Timothy |
|
| Lejeune Tommy |
|
| Vindevogel Carine |
|
| LT CONSTRUCT |
|
| Xpand |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “3, onmiddellijk na vergadering over herverkiezing indien niet herbenoemd”
Articles of association, deed of 25-10-2023 (in Dutch)
Network & group
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 30-06-2022
Acquisitions and mergers
2 transactionsCompanies at the same address
1 other companyConnections & network
4 current directorsThe network starts from the directors of LEVI. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-01
full format · 2 days before the deadline
2025
31-03
Gazette deed
Appointments: Vindevogel Carine, Lejeune Christian and 2 othersResignations: LT Construct (director) and Xpand (director) · Director discharge · Correction18 points ▸
Gazette deed
Appointments: Vindevogel Carine, Lejeune Christian and 2 others
Resignations: LT Construct (director) and Xpand (director) · Director discharge · Correction18 points ▸
- General meeting, 31-07-2023
- Director appointment, Vindevogel Carine (director (not named in the articles))
- Director discharge, Vindevogel Carine
- Director appointment, Lejeune Christian (director (not named in the articles))
- Director discharge, Lejeune Christian
- Director appointment, Lejeune Tommy (director (not named in the articles))
- Director discharge, Lejeune Tommy
- Director appointment, Lejeune Timothy (director (not named in the articles))
- Director discharge, Lejeune Timothy
- Board meeting, “aanduiding nieuwe gedelegeerde bestuurders”, 30-07-2029 (deed in Dutch)
- Director appointment, Lejeune Christian (managing director)
- Director appointment, Lejeune Tommy (managing director)
- The act holds 6 more points.
29-01
full format · 2 days before the deadline
2024
30-06
Financial
Equity above €5mequity €6.5m ▲44.7%
After 3 profitable years in a row, equity reaches €6.5m.
31-01
full format · on the deadline day
2023
25-10
Gazette deed
Merger: LEVI takes over RUWICapital decrease of €160,560.44 to €265,493.96 · Reappointments: LEJEUNE Christian, VINDEVOGEL Carine and 2 others · Incorporation32 points ▸
Gazette deed
Merger: LEVI takes over RUWI
Capital decrease of €160,560.44 to €265,493.96 · Reappointments: LEJEUNE Christian, VINDEVOGEL Carine and 2 others · Incorporation32 points ▸
- General meeting, 31-07-2023
- Incorporation, 13-04-1987
- Incorporation, 17-12-1991
- Incorporation, 08-04-1994
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “afzien opmaak verslag artikel 12:25, artikel 12:25 §1,laatste lid Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “afzien opmaak schriftelijk verslag revisor over fusievoorstel in hoofde van overnemende vennootschap, artikel 12:26,§1,eerste lid Wetboek van vennootschappen en…” (deed in Dutch)
- Other provision, “kennisname en bespreking fusievoorstel, bestuurders van de betrokken vennootschappen” (deed in Dutch)
- Other provision, “bevestiging ontvangst fusievoorstel en inzagemogelijkheid stukken, zetel van de vennootschap” (deed in Dutch)
- Other provision, “kennis inhoud documenten verslagen stukken en vrijstelling voorlezing voorzitter” (deed in Dutch)
- Merger, “onder algemene titel, gehele vermogen zowel rechten als verplichtingen” (deed in Dutch), mentioned 2 times in the deed
- The company holds all the shares of RUWI
- The act holds 20 more points.
30-06
Financial
Highest result from 2019 to 2025net €2.7m ▲62.4%
The operating result of €3.6m and the net result of €2.7m are both a record.
30-06
Financial
Equity above €2mequity €4.5m ▲150%
After 2 profitable years in a row, equity reaches €4.5m.
14-06
Gazette deed
Merger proposal: LEVI takes over RUWIShareholding · Accounting effect · Real estate11 points ▸
Gazette deed
Merger proposal: LEVI takes over RUWI
Shareholding · Accounting effect · Real estate11 points ▸
- Merger, “fusievoorstel, artikel 12:50 e.v. van het Wetboek van vennootschappen en verenigingen” (deed in Dutch), mentioned 2 times in the deed
- Other provision, “LEVI” (deed in Dutch)
- Other provision, “RUWI” (deed in Dutch)
- The company holds all the shares of RUWI
- The company holds all the shares of PALMIMMO
- Other provision, “ruilverhouding en uitgifte van aandelen, niet relevant” (deed in Dutch)
- Accounting effect, 01-01-2023
- Other provision, “bijzondere rechten aandeelhouders” (deed in Dutch)
- Other provision, “bijzondere voordelen bestuursorgaan” (deed in Dutch)
- Real estate, 9087, “Ambachtsweg 34 - Merelbeke” (deed in Dutch)
- Real estate, 7756, “Ambachtsweg 28- Merelbeke” (deed in Dutch)
11-02
full format · 11 days late
2022
30-06
Financial
Back to profitnet €1.7m
The net result is €1.7m, after 3 loss-making years.
30-06
Financial
Equity above €1mequity €1.8m ▲1,256%
Equity rises from €131,877 to €1.8m.
Show earlier events
25-05
Gazette deed
Reappointments: Lejeune Christian (director) and Vindevogel Carine (director)Appointments: Lejeune Tommy, Lejeune Timothy and Vindevogel Carine · Director discharge9 points ▸
Gazette deed
Reappointments: Lejeune Christian (director) and Vindevogel Carine (director)
Appointments: Lejeune Tommy, Lejeune Timothy and Vindevogel Carine · Director discharge9 points ▸
- General meeting, 25-04-2022
- Director reappointment, Lejeune Christian (director)
- Director discharge, Lejeune Christian
- Director reappointment, Vindevogel Carine (director)
- Director discharge, Vindevogel Carine
- Director appointment, Lejeune Tommy (director)
- Director appointment, Lejeune Timothy (director)
- Director appointment, Vindevogel Carine (managing director)
- Director appointment, Lejeune Tommy (managing director)
2021
30-11
full format · 62 days before the deadline
30-06
Financial
Weakest financial yearnet -€824,939
The net result drops to -€824,939, the lowest from 2019 to 2025. It recovers the following year.
26-02
abbreviated format · 26 days late
2020
12-02
abbreviated format · 12 days late
2019
31-01
full format · on the deadline day
2018
06-02
full format · 6 days late
2017
31-01
abbreviated format · on the deadline day
1994
29-04
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
LEVI in Dutch
Enterprise number
0452.425.816
Legal form
Public limited company
Status
Active, normale toestand
Founded
08-04-1994
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, Artikel 2”
deed of 25-10-2023 (in Dutch)Registered office and establishments
Registered office
Handelsweg 1, 9820 Merelbeke-Melle, Belgium
Establishment units
LEVI, Handelsweg 1, 9820 Merelbeke-Melle since 26-04-1994 · unit number 2.066.555.997
Levi, Ambachtsweg 4, 9820 Merelbeke-Melle since 09-04-2008 · unit number 2.261.701.686
Levi, Ambachtsweg 2, 9820 Merelbeke-Melle since 26-03-2013 · unit number 2.261.701.587
Levi, Ambachtsweg 34, 9820 Merelbeke-Melle since 01-03-2015 · unit number 2.261.701.785
Activities
NACEBEL 2025VAT activities
77223
Rental and leasing activities main activity
56301
Cafés and bars
64210
Activities of holding companies
68110
Buying and selling of own real estate
68201
Renting and operating of own or leased residential real estate, excluding social housing
68203
Renting and operating of own or leased non-residential real estate, excluding land
77392
Rental and leasing activities
Social security (RSZ) activities
77223
Rental and leasing activities main activity
Codes under NACEBEL 2008
VAT activities
77293
Rental and leasing activities main activity
56301
Cafés and bars
64200
Holdings
68100
Real estate activities
68201
Real estate activities
68203
Real estate rental
77392
Rental and leasing activities
Social security (RSZ) activities
77293
Rental and leasing activities main activity
Codes under NACEBEL 2003
VAT activities
74151
main activity
Social security (RSZ) activities
71404
main activity
Joint committee
126 Paritair Comité voor de stoffering en de houtbewerking annual accounts 30-06-2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 25-10-2023 (in Dutch)
“De aan- en verkoop, import en export en verhuring van feestmateriaal en amusementstoestellen in de ruimste zin van het woord; De aan- en…”
19 activities
- De aan- en verkoop, import en export en verhuring van feestmateriaal en amusementstoestellen in de ruimste zin van het woord.
- De aan- en verkoop, irnport en export en verhuring van kunstbloernen en kunstplanten, bloempotten en soortgelijke decoratiematerialen, dit in de ruimste zin van het woord.
- Het organiseren van, begeleiden en ondersteunen van evenementen in de ruimste zin van het woord.
- De aan- en verkoop van alle alcoholische en niet-alcoholische dranken en kleine eetwaren.
- Alle daden van beheer en mariagement varı industriële- erı handelsverinootschappen.
- Het verleren van bijstand inzake management zowel bij wijze van managementadvies als door rechtstreekse deelname aan het bestuur, het uitvoeren van bepaalde opdrachten in uitvoerng van managementcontracten zonder dat deze opsomming beperkend is.
- Het verienen van diensten in de meest ruime betekenis, de publiciteit, reclame, marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit reclame marketing en algemene communicatie noodzakelijk zijn, zonder enige beperking.
- De aan- en verkoop van alle onroerende goederen, zowel bebouwde als onbebouwde aller aard; de bemiddeling bij dergelijke operaties, de oprichting, de aanpassing en de herstelling voor eigen rekening of voor derden ten titel van aanneming van alle gebouwen of constructies.
- Het wassen, oriderhouden en herstellen van linnen.
- Het uitbaten, inrichten, huren en verhuren van tavernes, brasseries, tearooms, pizzeria's, restaurants, frituren en zo meer, en in het rechtstreeks of onrechtstreeks verband met horecasector.
- Het maken van houten en metalen constructies.
- Het optreden als beroepsoprichter of bouwprornotor.
- Het irı eigendom behouden en uitbaten van alle onroerende goederen, zowel onbebouwde als bebouwde gebouwen, het verhuren, huren, onderverhuren of onderhuren, beheren voor eigen rekening of voor rekening van derden van alle oriroerende goederen.
- De vennootschap heeft als voorwerp voor eigen rekening, voor rekening varı derden of in deelneming met derden prestaties te verrichten die rechtstreeks of onrechtstreeks betrekking hebben op het bevorderen van de ontwikkeling van technologische innovaties tot aarı hun industrialisering en commercialisering, opsporen van geschikte partners voor realisaties, de uitvoering van algemene technologische en ecoriomische studies inzake industrialisering en investering, productdiversificatie, rieuwe producten en/of procedés, het uitvoeren van alle studies en onderzoek, het verrichten van marktonderzoek, promotie, raadgeving, prospectie, marketing en techno-consult assistentie op gebied van management engineering en consulting; technisch commercieel administratief finaricieel, fiscaal en juridisch beheer en advies.
- De vennootschap mag alle onroerende goederen, zowel gebouwen als ongebouwde en belaste, verkopen, ruilen, deze van waarde maken, verhuren, huren, onderverhuren, dit alles voor haar rekening of voor rekening van derden. De handel, zo groot- en kleinhandel, de import en export, het verwerken van alle grondstoffen en producten strekkende tot de realisatie van gezegd voorwerp.
- Holdingmaatschappij: onder eender welke vorm participaties te verwerven en/of aan te houden in bestaande en nog op te richten maatschappijen.
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in het kort tussenpersoon in de handel alle verrichtingen van commerciële industriële onroerende roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verkocht zijn of de verwezenlijking ervan kunnen bevorderen.
- De vennootschap mag zich tevens borg stellen, ook onder de vorm van hypothecaire inschrijving op haar oriroerende goederen, voor verbintenissen aangegaan door huurders van haar onroerende goederen en/of onroerende goederen waarmee ze economisch verbonden zijn.
- Het verhuren van alle voertuigen, ook vrachtwagens, in de ruimste zin.
Invoicing and payment
VAT number
BE 0452.425.816
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of December at 18:00
deed of 25-10-2023 (in Dutch)Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 9 endedMagazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Operator CNC-gestuurde houtbewerkingsmachines duaal (so)
Polyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
Show 9 ended approvals
Commercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Administratief medewerker (so)
Magazijnmedewerker (so)
Schilder (so)
Administratief medewerker (so)
Polyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
Legal Entity Identifier
699400TXOM6GID09GU64
Environmental permits
2 applications in Flanders since 2019 · 2 granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Een grond gebruiken, aanleggen of inrichten
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1.2 ha
Building footprint
6,023 m²
Building volume
38,684 m³
Tallest building: 10.6 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44412C0097/00D000 | Flanders | 4,936 m² | 1 · 2,219 m² | 8.1 m · 2 |
| 44412C0096/00K000 | Flanders | 3,992 m² | 1 · 1,980 m² | 8.0 m · 3 |
| 44412C0103/00H000 | Flanders | 2,992 m² | 1 · 1,824 m² | 10.6 m · 2 |