LIEDEC
ActiveFrom the official registers: KBO 36 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
LIEDEC has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €296,609 and a net result of €23,718. Equity has been stable since 2018 (±2% per year). Its solvency ranks better than 81% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 15-11-1989 Normal situation
- Legal form
- Public limited company
- Registered office
- Hoogstraat 26, 9620 Zottegem
- Activity
- Buying and selling of own real estate NACE 68110and 2 others
- Establishment unit
- 2.046.839.560 9620 Zottegem, since 01-12-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Board and ownership
- DE CLERCQ DianeDirector · since 24-06-2024
- LIEVENS AnnickDirector · since 24-06-2024
- LIEVENS JokeDirector · since 24-06-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €34,400
- ▲ 39.4%
- Turnover
- ≈ €84,000
- estimated
- Profit
- €23,718
- ▲ 282%
- Equity
- €296,609
- ▲ 8.7%
- Total assets
- €406,845
- ▼ 14.9%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed on 28-07-2026)Size: total assets €406,845Founded in 1989Show the evidence
Checked score
About 2 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 68, micro). It does better than 80% of them on solvency, 44% on liquidity, 71% on profitability and 64% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Signals
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 28-07-2026
- Format
- abbreviated format
- Reference
- 2026-00342667
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is over 4 times that of 2024. It is a recovery after the fall 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.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as LIEDEC 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 LIEDEC itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 LIEDEC. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,426 | €29,426 | €29,705 | €28,883 | €14,322 | €14,653 | €10,449 | €2,195 | ▼ 79.0% |
| Other operating charges640/8 | - | - | - | €6,938 | €7,125 | €5,365 | €8,433 | €8,833 | ▲ 4.7% |
| Gross operating margin9900 | -€100,193 | €40,766 | €27,936 | €65,745 | €29,895 | €30,189 | €24,677 | €34,400 | ▲ 39.4% |
| Operating profit (loss)9901 | -€136,266 | €4,035 | -€8,827 | €29,924 | €8,448 | €10,170 | €5,796 | €23,372 | ▲ 303% |
| Financial income75/76B | - | - | - | €0 | €1,221 | €2,168 | €620 | €461 | ▼ 25.6% |
| Recurring financial income75 | €1 | €0 | €0 | €0 | €1,221 | €2,168 | €620 | €461 | ▼ 25.6% |
| Financial charges65/66B | - | - | - | €7,589 | €7,617 | €10,427 | €44 | €45 | ▲ 3.4% |
| Recurring financial charges65 | €7,964 | €277 | €86 | €7,589 | €7,617 | €10,427 | €44 | €45 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | -€144,229 | €3,758 | -€8,912 | €22,336 | €2,052 | €1,911 | €6,372 | €23,788 | ▲ 273% |
| Income taxes67/77 | €255 | €335 | €145 | €146 | €149 | €157 | €160 | €70 | ▼ 56.2% |
| Profit (loss) for the period9904 | -€144,484 | €3,424 | -€9,057 | €22,190 | €1,903 | €1,754 | €6,212 | €23,718 | ▲ 282% |
| Profit (loss) for the period to be appropriated9905 | -€144,484 | €3,424 | -€9,057 | €22,190 | €1,903 | €1,754 | €6,212 | €23,718 | ▲ 282% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €690,192 | €594,224 | €540,247 | €513,112 | €511,080 | €512,510 | €478,068 | €406,845 | ▼ 14.9% |
| Fixed assets21/28 | €490,105 | €460,679 | €432,020 | €403,138 | €388,815 | €391,119 | €380,670 | €378,475 | ▼ 0.6% |
| Tangible fixed assets22/27 | €490,105 | €460,679 | €432,020 | €403,138 | €388,815 | €391,119 | €380,670 | €378,475 | ▼ 0.6% |
| Land and buildings22 | - | - | - | €402,719 | €388,746 | €391,119 | €380,670 | €378,475 | ▼ 0.6% |
| Plant, machinery and equipment23 | - | - | - | €418 | €70 | €0 | - | - | - |
| Current assets29/58 | €200,087 | €133,544 | €108,226 | €109,974 | €122,265 | €121,391 | €97,398 | €28,370 | ▼ 70.9% |
| Stocks and contracts in progress3 | €180,366 | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1,880 | €37 | €458 | €102 | €206 | €102 | €63 | €84 | ▲ 32.8% |
| Trade receivables40 | - | - | - | €0 | €104 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €102 | €102 | €102 | €63 | €84 | ▲ 32.8% |
| Cash at bank and in hand54/58 | €17,841 | €133,507 | €105,099 | €107,034 | €118,911 | €118,005 | €97,335 | €28,286 | ▼ 70.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,838 | €3,147 | €3,284 | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €690,192 | €594,224 | €540,247 | €513,112 | €511,080 | €512,510 | €478,068 | €406,845 | ▼ 14.9% |
| Equity10/15 | €246,466 | €249,890 | €240,832 | €263,022 | €264,925 | €266,679 | €272,891 | €296,609 | ▲ 8.7% |
| Contributions10/11 | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | = |
| Capital10 | - | - | - | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | = |
| Issued capital100 | - | - | - | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | = |
| Reserves13 | €239,831 | €239,831 | €239,831 | €239,831 | €239,831 | €239,831 | €239,831 | €239,831 | = |
| Non-distributable reserves130/1 | - | - | - | €19,831 | €19,831 | €19,831 | €19,831 | €19,831 | = |
| Legal reserve130 | - | - | - | €19,831 | €19,831 | €19,831 | €19,831 | €19,831 | = |
| Distributable reserves133 | - | - | - | €220,000 | €220,000 | €220,000 | €220,000 | €220,000 | = |
| Profit (loss) carried forward14 | -€191,680 | -€188,257 | -€197,314 | -€175,124 | -€173,222 | -€171,467 | -€165,256 | -€141,537 | ▲ 14.4% |
| Amounts payable17/49 | €443,726 | €344,334 | €299,414 | €250,090 | €246,155 | €245,831 | €205,177 | €110,236 | ▼ 46.3% |
| Amounts payable within one year42/48 | €443,726 | €344,334 | €299,414 | €250,090 | €246,155 | €235,443 | €205,177 | €110,236 | ▼ 46.3% |
| Trade debts44 | €5,275 | €262 | €3,629 | €3,184 | €567 | €2,549 | €244 | €2,684 | ▲ 11× |
| Suppliers440/4 | - | - | - | €3,184 | €567 | €2,549 | €244 | €2,684 | ▲ 11× |
| Taxes, remuneration and social security45 | - | - | - | €2,534 | €2,405 | €40 | €0 | - | - |
| Taxes450/3 | - | - | - | €2,534 | €2,405 | €40 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €244,372 | €243,183 | €232,854 | €204,933 | €107,552 | ▼ 47.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €10,388 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€144,484 | €3,424 | -€9,057 | €22,190 | €1,903 | €1,754 | €6,212 | €23,718 | ▲ 282% |
| + Depreciation and write-downs630 | €29,426 | €29,426 | €29,705 | €28,883 | €14,322 | €14,653 | €10,449 | €2,195 | ▼ 79.0% |
| Operating cash flow (approximation) | -€115,058 | €32,849 | €20,648 | €51,072 | €16,225 | €16,408 | €16,660 | €25,913 | ▲ 55.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,046 | €0 | €0 | -€16,957 | €0 | €0 | - |
| Change in cash | - | €115,666 | -€28,408 | €1,935 | €11,877 | -€906 | -€20,670 | -€69,048 | ▼ 234% |
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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-07-2026 | 2026-00342667 | NBB |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00256298 | |
| 31-12-2023 | micro format | 14-07-2024 | 2024-00242754 | |
| 31-12-2022 | micro format | 08-07-2023 | 2023-00217318 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20156659 | |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33200589 | |
| 31-12-2019 | micro format | 28-07-2020 | 2020-35100062 | |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-36300499 | |
| 31-12-2017 | abbreviated format | 30-06-2018 | 2018-27400388 | |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-36400574 |
Comparable companies
These companies have the same main activity as LIEDEC: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €347,000 and €480,000, founded between 1986 and 1993.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| LIEDEC Zottegem | 1989 | €406,845 | €296,609 | €34,400 | - | €23,718 | - | 2025 |
| CMO Retie | 1989 | €402,709 | €194,236 | €43,681 | - | €11,480 | 0 | 2025 |
| LIMKO Lubbeek | 1986 | €427,802 | €188,055 | €33,967 | - | €2,353 | - | 2025 |
| WA-RM INVEST Oostende | 1992 | €469,236 | €166,685 | €30,422 | - | -€324 | - | 2025 |
| DE GEMEENSCHAP Beringen | 1991 | €401,359 | €51,516 | €25,292 | - | -€3,276 | - | 2024 |
| T-TRA CONSTRUCTIONS Charleroi | 1993 | €346,803 | €244,108 | €30,640 | €321,637 | €1,735 | - | 2025 |
| JEDEKA Brecht | 1988 | €479,589 | €342,961 | €44,566 | - | €6,078 | - | 2025 |
They were chosen from the 5,832 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE CLERCQ Diane |
|
| LIEVENS Annick |
|
| LIEVENS Joke |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “De raad van bestuur kan in zijn midden en onder zijn aansprakelijkheid één of meer adviserende comités oprichten. Hij omschrijft hun…”
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “3, algemene vergadering”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Bijzonder verslag met maatregelen voor continuïteit tenzij ontbinding voorgesteld, iedere belanghebbende of openbaar ministerie voor…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Vereffenaar, alle schulden naar evenredigheid zonder onderscheid opeisbare en niet-opeisbare schulden onder aftrek disconto voor…”
Articles of association, deed of 10-07-2024
Owners and capital
Capital transactions
- 10-07-2024 Capital stated in the deed · €198,314.81 · 8,000 shares
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Reserves en winstverdeling, ter beschikking van de algemene vergadering die ieder jaar over aanwending beslist”“Alle handelingen te verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp van de vennootschap,behoudens die waarvoor…”
Articles of association, deed of 10-07-2024 (in Dutch)
Group and network
Connections & network
3 current directorsThe network starts from the directors of LIEDEC. Every other company they run is a node.
History
Acts, filings and financial milestones
25-02
Gazette deed
Registered officeRegistered-office move · Power of attorney3 points ▸
- General meeting, 15-01-2026
- Registered-office move, Hoogstraat 26 bus 0001, 9620 Zottegem
- Power of attorney, BV Reyns - De Paepe
10-07
Gazette deed
Reappointments: DE CLERCQ Diane, LIEVENS Joke and LIEVENS AnnickPower of attorney · Registered office clause · Amendment of the articles11 points ▸
- Power of attorney, Carmen de Vuyst
- Power of attorney, Kristof Berlengé
- Registered office clause, “9620 Zottegem,Godveerdegemstraat 189” (deed in Dutch)
- Power of attorney
- Director reappointment, DE CLERCQ Diane (director)
- Director reappointment, LIEVENS Joke (director)
- Director reappointment, LIEVENS Annick (director)
- General meeting, “met eenparigheid van stemmen, buitengewone algemene vergadering van de naamloze vennootschap LIEDEC” (deed in Dutch)
- Other provision, 31-12-2013, “omzetting toonderaandelen” (deed in Dutch)
- Amendment of the articles
- Capital, €198,314.81
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20253 activities
- Het geven van management,adviezen op gebied van marketing,productie,financiën en administratief en commercieel beheer,het uitwerken van organisatieprojecten in alle soorten ondernemingen,het nemen van minderheids-en/of meerderheidsparticipaties in bestaande en/of op te richten ondernemingen,het verstrekken van financiële middelen,het uitwerken van rendementsstudies en technische studies,het creëren van prototypes en nieuwe producten en markten.
- De aankoop,verkoop,ruiling,leasing,huur en verhuur,expertise van onroerende goederen;oprichting,omvorming of ombouwing en valorisatie van onroerende goederen van alle aard,zo gronden als gebouwen,in voorkomend geval bij middel van verkaveling,nieuwbouw,heropbouw of verbouwing.
- Zij mag voorzien van supervisie,beheren,raad geven en filialen controleren en vennootschappen beheren in de breedste zin van het woord.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41081A0974/00C000 | Flanders | 1,052 m² | 1 · 568 m² | - |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.