Summary
LOFD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.28M and a net result of €404k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 5547 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
4 d early
2021
2 d early
2020
1 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€2.28M▲ 21.4%
2024 · €1.88M
Net result
€404k▲ 26.7%
2024 · €319k
Total assets
€2.39M▲ 23.5%
2024 · €1.93M
Solvency
95.7%▼ 1.6pp
2024 · 97.3%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€279k▲ 1.1%€89k▼ 68.0%€327k▲ 266%€468k▲ 43.1%€589k▲ 26.0%
Net result€410k▲ 135%€57k▼ 86.2%€217k▲ 283%€319k▲ 46.5%€404k▲ 26.7%
Equity€1.29M▲ 46.4%€1.35M▲ 4.3%€1.56M▲ 16.1%€1.88M▲ 20.3%€2.28M▲ 21.4%
Total assets€1.94M▲ 27.4%€1.84M▼ 5.2%€1.57M▼ 14.7%€1.93M▲ 23.0%€2.39M▲ 23.5%
Debt€653k▲ 1.4%€496k▼ 24.0%€8k▼ 98.4%€52k▲ 553%€102k▲ 97.9%
Working capital€393k▲ 375%€366k▼ 6.7%€227k▼ 38.1%€576k▲ 154%€973k▲ 68.9%
Solvency66.4%▲ 8.6pp73.1%▲ 6.7pp99.5%▲ 26.4pp97.3%▼ 2.2pp95.7%▼ 1.6pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.39M
Fixed assets
€1.31M ▲ 0.5%
Current assets
€1.07M ▲ 71.2%
Equity and liabilities €2.39M
Equity
€2.28M ▲ 21.4%
Debt
€102k ▲ 97.9%
Debt's share of the balance-sheet total rises from 2.7% to 4.3%. Equity and debt are higher.
Key figures and ratios
ROE
17.7%▲
2024 · 16.9%
ROA
16.9%▲
2024 · 16.5%
Debt ≤ 1 year
€101k▲
2024 · €51k
Income taxes
€189k▲
2024 · €149k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €14k | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €57k | €59k | €58k | €49k | ▼ 14.9% |
| Other operating charges640/8 | €3k | €2k | €5k | €3k | €2k | ▼ 29.8% |
| Gross operating margin9900 | €323k | €148k | €391k | €528k | €641k | ▲ 21.3% |
| Operating profit (loss)9901 | €279k | €89k | €327k | €468k | €589k | ▲ 26.0% |
| Financial income75/76B | €245k | €0 | €149 | €0 | €4k | ▲ 13,234,500% |
| Recurring financial income75 | €245k | €0 | €149 | €0 | €4k | ▲ 13,234,500% |
| Financial charges65/66B | €5k | €6k | €8k | €313 | €1k | ▲ 287% |
| Recurring financial charges65 | €5k | €6k | €8k | €313 | €1k | ▲ 287% |
| Profit (loss) for the period before taxes9903 | €519k | €83k | €319k | €467k | €592k | ▲ 26.7% |
| Income taxes67/77 | €109k | €27k | €102k | €149k | €189k | ▲ 26.7% |
| Profit (loss) for the period9904 | €410k | €57k | €217k | €319k | €404k | ▲ 26.7% |
| Profit (loss) for the period to be appropriated9905 | €410k | €57k | €217k | €319k | €404k | ▲ 26.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.94M | €1.84M | €1.57M | €1.93M | €2.39M | ▲ 23.5% |
| Fixed assets21/28 | €1.34M | €1.37M | €1.34M | €1.31M | €1.31M | ▲ 0.5% |
| Tangible fixed assets22/27 | €645k | €676k | €644k | €613k | €620k | ▲ 1.1% |
| Land and buildings22 | €610k | €654k | €632k | €611k | €619k | ▲ 1.2% |
| Plant, machinery and equipment23 | - | - | €2k | €2k | €1k | ▼ 25.9% |
| Furniture and vehicles24 | €34k | €22k | €10k | €0 | - | - |
| Financial fixed assets28 | €693k | €693k | €693k | €693k | €693k | = |
| Current assets29/58 | €606k | €474k | €235k | €627k | €1.07M | ▲ 71.2% |
| Amounts receivable within one year40/41 | €454k | €263k | €153k | €596k | €628k | ▲ 5.4% |
| Trade receivables40 | €11k | €18k | €749 | €30k | €18k | ▼ 39.3% |
| Other amounts receivable41 | €443k | €244k | €152k | €566k | €610k | ▲ 7.8% |
| Current investments50/53 | - | - | - | - | €200k | - |
| Cash at bank and in hand54/58 | €152k | €210k | €80k | €30k | €245k | ▲ 707% |
| Deferred charges and accrued income490/1 | €975 | €1k | €2k | €943 | €995 | ▲ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.94M | €1.84M | €1.57M | €1.93M | €2.39M | ▲ 23.5% |
| Equity10/15 | €1.29M | €1.35M | €1.56M | €1.88M | €2.28M | ▲ 21.4% |
| Contributions10/11 | €144k | €144k | €144k | €144k | €144k | = |
| Reserves13 | €1.15M | €1.20M | €1.42M | €1.74M | €2.14M | ▲ 23.2% |
| Non-distributable reserves130/1 | €14k | €14k | €14k | €0 | - | - |
| Reserves not available under the articles1311 | €14k | €14k | €14k | €0 | - | - |
| Distributable reserves133 | €1.13M | €1.19M | €1.41M | €1.74M | €2.14M | ▲ 23.2% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €653k | €496k | €8k | €52k | €102k | ▲ 97.9% |
| Amounts payable after more than one year17 | €439k | €388k | €0 | - | - | - |
| Financial debts170/4 | €439k | €388k | €0 | - | - | - |
| Amounts payable within one year42/48 | €213k | €107k | €8k | €51k | €101k | ▲ 96.8% |
| Current portion of amounts payable after more than one year42 | €54k | €51k | €0 | - | - | - |
| Financial debts43 | €26k | €0 | - | - | - | - |
| Credit institutions430/8 | €26k | €0 | - | - | - | - |
| Trade debts44 | €75k | €43k | €2k | €2k | €1k | ▼ 37.5% |
| Suppliers440/4 | €75k | €43k | €2k | €2k | €1k | ▼ 37.5% |
| Taxes, remuneration and social security45 | €38k | €11k | €5k | €39k | €77k | ▲ 98.9% |
| Taxes450/3 | €38k | €11k | €5k | €39k | €77k | ▲ 98.9% |
| Other amounts payable47/48 | €21k | €2k | €833 | €11k | €23k | ▲ 118% |
| Accrued charges and deferred income492/3 | €485 | €298 | €0 | €301 | €1k | ▲ 289% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €410k | €57k | €217k | €319k | €404k | ▲ 26.7% |
| + Depreciation and write-downs630 | €41k | €57k | €59k | €58k | €49k | ▼ 14.9% |
| Operating cash flow (approximation) | €451k | €113k | €276k | €377k | €453k | ▲ 20.3% |
| Investment in fixed assets (approximation) | - | €-88k | €-26k | €-27k | €-56k | ▼ 108% |
| Change in cash | - | €58k | €-130k | €-50k | €214k | ▲ 530% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €2MEq €2.28M ▲21.4%
8 profitable years in a row build equity to €2.28M.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Liquidity times 7current ratio 29.60
Current ratio from 4.41 to 29.60; short-term debt falls from €107k to €8k.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €57k ▼86.2%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €410k ▲135%
Net result €410k, the highest in the series.
30-09
Financial
Equity above €1MEq €1.29M ▲46.4%
4 profitable years in a row build equity to €1.29M.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
30-09
Financial
Liquidity triplescurrent ratio 1.41
Current ratio from 0.42 to 1.41; short-term debt falls from €248k to €100k.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Zwevegem · 1 establishment unit since 2010
Ground area
2,085 m²
Building footprint
273 m²
Volume, LiDAR
1,545 m³
Parcel 34014B0647/00T005, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LOFD
since 20102.189.822.510
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34014B0647/00T005 | Flanders | 2,085 m² | 1 · 273 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 10,519 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
Founded13-07-2010
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.