Losses
-€60,095 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
LIEVEST
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2002peak €1.0m (2022)
€53,348▼ 43.4%
lowest -€44,042 (2007)
-€28,806▼ €20,190
peak €1.1m (2022)
€1.0m▼ 2.7%
€844,438▲ 96.0%
Board2 names since 2018
1 directorGeert Martens
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €94,286 to €53,348Loss of €28,806Debts from €430,810 to €844,438Investments €533,440Cash from €98,914 to €14,602
Key points
from the 2025 annual accountsTurnover
≈ €69,000 estimated
The accounts state no turnover.
Debts
€844,438 ▲ 96.0%
Debts rose by €413,628 in 2025.
Investments
€533,440 8.0 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 28.7% higher than in 2024.
Liquidity
0.75 was 2.90 in 2024
Short-term debts fell from €41,750 to €38,091.
Position in the sector
-€28,806
Lower net result than 87% of companies in real estate. Sector median €5,997 · 17,176 companies.
Checked score
94
Excellent
Financially stronger than 49% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,997 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.2%▲ +0.1 percentage points vs 01-2025highest value
03-2025: < 0.1%▼ -0.2 percentage points vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: 0.1%▲ +0.1 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.2%▲ +0.1 percentage points vs 01-2026
03-2026: 0.1%▼ -0.1 percentage points 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 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.75, cash €14,602, halved
lowers risk
Size: total assets €2.1m
Founded in 2001
Legal form: public limited company
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, small). It does better than 67% of them on solvency, 63% on liquidity, 31% on profitability and 32% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as LIEVEST has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LIEVEST itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 8,617 companies, not a prediction for LIEVEST. 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.
Credit verdict
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.75 (2.9 in 2024), below 1. Short-term debt is 1.8% and cash 0.7% of total assets. 50.9% of the assets are financed with debt and provisions.
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
17 days late
2023
41 days early
2022
39 days early
2021
42 days early
2020
44 days early
2019
42 days early
← 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 27 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)
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 23 December (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen and 1 more · Erpe-Mere
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Slopen van niet vrijstaande gebouwen of constructies and 2 more · Erpe-Mere
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476225458
Resignation: Hilde Lievens (director)
Reappointment: Geert Martens (sole director) · Director discharge: Hilde Lievens · General meeting of 14-09-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LIEVEST Erpe-Mere | €2.1m | €53,348 | 49.1% | - |
| MAS Uccle | €1.9m | €50,944 | 33.6% | 0 |
| JOMAGE TRADING Duffel | €2.3m | €59,958 | 15.8% | 0 |
| BESYB Knokke-Heist | €1.8m | €54,375 | 17.7% | - |
| IMMO LARCIER Sint-Martens-Latem | €2.1m | €57,173 | 45.3% | - |
| FISCUNA Beveren-Kruibeke-Zwijndrecht | €1.7m | €81,290 | 41.6% | - |
| INTERPAT Aalst | €1.5m | €80,934 | 9.5% | - |
These companies have the same main activity as LIEVEST: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.5m and €2.3m, founded between 1992 and 2004.
Official details
Source: KBO- Status
- Active since 03-12-2001Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.095.666.0939420 Erpe-Mere, since 14-02-2002
- Financial year end
- 30 June
- Peppol
- Reachable since 15-07-2025
Annual accounts to 30-06-2025
- €2.1m▲ 21.4%
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on LIEVEST
LIEVEST files the micro format. That format states no turnover. The gross margin rose from €43,440 in 2007 to €53,348 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LIEVEST
- What is the company number of LIEVEST?
- The company number of LIEVEST is 0476.225.458. The VAT number is the same number with BE in front: BE 0476.225.458.
- Where is LIEVEST based?
- The registered office is at Zevekootstraat 7, 9420 Erpe-Mere.Company details
- What does LIEVEST do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of LIEVEST?
- LIEVEST is a public limited company (NV).
- When was LIEVEST founded?
- LIEVEST was founded on 03-12-2001.
- Is LIEVEST still active?
- Yes, LIEVEST is an active enterprise in the KBO register.
- What is the turnover of LIEVEST?
- The turnover in financial year 2025 is ≈ €69,000. This figure is estimated from the gross margin of €53,348 and 45 comparable companies (NACE 682). It probably lies between €60,000 and €88,000.Financials
- Is LIEVEST profitable?
- In financial year 2025, LIEVEST made a loss of €28,806.
- Where can I find the annual accounts of LIEVEST?
- LIEVEST filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LIEVEST due?
- LIEVEST must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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