LOREFAC
Dissolution or liquidationFinancials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€97,246
2024 · €7,999
Working capital
-€337,866▼ 31.5%
2024 · -€256,997
Trend over the years
2019 to 2025, 5 financial years 2018 to 2025, 6 financial years
The operating result turns negative in 2025: a loss of €97,246 after €7,999 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€97,246
2025
Net result-€97,246
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€54,738
2025
Equity-€367,462
2025
Debt€422,200
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€337,866
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)24.9
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120242025
Operating result€6,044--€3,110-€45,321▼ 1,357%-€41,683▲ 8.0%€7,999--€97,246
Net result€4,150-€365▼ 91.2%-€42,801-€42,640▲ 0.4%€7,999--€97,246
Equity€28,990-€29,355▲ 1.3%-€13,446-€56,086▼ 317%-€270,216--€367,462▼ 36.0%
Total assets€279,377-€331,588▲ 18.7%€305,922▼ 7.7%€240,039▼ 21.5%€152,884-€54,738▼ 64.2%
Debt€250,387-€302,233▲ 20.7%€319,368▲ 5.7%€296,125▼ 7.3%€423,100-€422,200▼ 0.2%
Working capital-€10,035--€30,000▼ 199%-€47,694▼ 59.0%-€93,830▼ 96.7%-€256,997--€337,866▼ 31.5%
Staff (FTE)19.1-20.3▲ 6.3%19.8▼ 2.5%24.9▲ 25.8%
Key figures and ratios
Solvency
-671.3%▼
2024 · -176.7%
Current ratio
0.14▼
2024 · 0.35
ROA
-177.7%▼
2024 · 5.2%
Debt ≤ 1 year
€392,604▼
2024 · €393,504
Debt > 1 year
€13,001=
2024 · €13,001
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €799 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €769,562 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,222 | €42,702 | €52,610 | €36,412 | - | - | - |
| Other operating charges640/8 | - | - | - | €12,703 | €1,636 | €94,677 | ▲ 5,687% |
| Gross operating margin9900 | €694,973 | €638,112 | €588,644 | €776,994 | €9,635 | -€2,569 | - |
| Operating profit (loss)9901 | €6,044 | -€3,110 | -€45,321 | -€41,683 | €7,999 | -€97,246 | - |
| Financial income75/76B | - | - | - | €4,673 | - | - | - |
| Recurring financial income75 | €1,351 | €6,493 | €7,755 | €4,673 | - | - | - |
| Financial charges65/66B | - | - | - | €5,630 | - | - | - |
| Recurring financial charges65 | €3,843 | €3,018 | €5,235 | €5,630 | - | - | - |
| Profit (loss) for the period before taxes9903 | €3,553 | €365 | -€42,801 | -€42,640 | €7,999 | -€97,246 | - |
| Income taxes67/77 | -€597 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €4,150 | €365 | -€42,801 | -€42,640 | €7,999 | -€97,246 | - |
| Profit (loss) for the period to be appropriated9905 | €4,150 | €365 | -€42,801 | -€42,640 | €7,999 | -€97,246 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €279,377 | €331,588 | €305,922 | €240,039 | €152,884 | €54,738 | ▼ 64.2% |
| Fixed assets21/28 | €119,204 | €165,629 | €116,116 | €82,367 | €16,378 | - | - |
| Tangible fixed assets22/27 | €108,194 | €152,349 | €99,739 | €65,989 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €575 | - | - | - |
| Furniture and vehicles24 | - | - | - | €39,303 | - | - | - |
| Leasing and similar rights25 | - | - | - | €26,111 | - | - | - |
| Financial fixed assets28 | €11,010 | €13,280 | €16,378 | €16,378 | €16,378 | - | - |
| Current assets29/58 | €160,173 | €165,959 | €189,805 | €157,673 | €136,507 | €54,738 | ▼ 59.9% |
| Amounts receivable within one year40/41 | €134,114 | €143,436 | €155,498 | €151,839 | €78,386 | - | - |
| Trade receivables40 | - | - | - | €149,664 | €78,386 | - | - |
| Other amounts receivable41 | - | - | - | €2,175 | - | - | - |
| Cash at bank and in hand54/58 | €9,871 | €5,290 | €10,673 | €3,904 | €56,546 | €53,164 | ▼ 6.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,929 | €1,574 | €1,574 | = |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €279,377 | €331,588 | €305,922 | €240,039 | €152,884 | €54,738 | ▼ 64.2% |
| Equity10/15 | €28,990 | €29,355 | -€13,446 | -€56,086 | -€270,216 | -€367,462 | ▼ 36.0% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €3,859 | €3,859 | €3,859 | €3,859 | €3,859 | €3,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - |
| Other1319 | - | - | - | - | - | €1,859 | - |
| Tax-exempt reserves132 | - | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €6,539 | €6,904 | -€35,897 | -€78,537 | -€292,667 | -€389,913 | ▼ 33.2% |
| Amounts payable17/49 | €250,387 | €302,233 | €319,368 | €296,125 | €423,100 | €422,200 | ▼ 0.2% |
| Amounts payable after more than one year17 | €80,180 | €98,331 | €74,898 | €39,356 | €13,001 | €13,001 | = |
| Financial debts170/4 | - | - | - | €39,356 | €13,001 | €13,001 | = |
| Amounts payable within one year42/48 | €170,208 | €195,959 | €237,499 | €251,503 | €393,504 | €392,604 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €51,462 | €13,622 | €13,622 | = |
| Financial debts43 | - | - | - | - | €5,526 | €5,526 | = |
| Credit institutions430/8 | - | - | - | - | €5,526 | €5,526 | = |
| Trade debts44 | €35,263 | €67,041 | €45,235 | €34,693 | €109,903 | €109,203 | ▼ 0.6% |
| Suppliers440/4 | - | - | - | €34,693 | €109,903 | €109,203 | ▼ 0.6% |
| Taxes, remuneration and social security45 | - | - | - | €163,973 | €263,241 | €263,241 | = |
| Remuneration and social security454/9 | - | - | - | €163,973 | €263,241 | €263,241 | = |
| Other amounts payable47/48 | - | - | - | €1,375 | €1,212 | €1,012 | ▼ 16.5% |
| Accrued charges and deferred income492/3 | - | - | - | €5,266 | €16,594 | €16,594 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,150 | €365 | -€42,801 | -€42,640 | €7,999 | -€97,246 | - |
| + Depreciation and write-downs630 | €48,222 | €42,702 | €52,610 | €36,412 | - | - | - |
| Operating cash flow (approximation) | €52,372 | €43,067 | €9,809 | -€6,228 | €7,999 | -€97,246 | - |
| Investment in fixed assets (approximation) | - | -€89,127 | -€3,098 | -€2,662 | - | - | - |
| Change in cash | - | -€4,581 | €5,383 | -€6,769 | - | -€3,382 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 25-03-2026 | 2026-00064664 |
| 31-12-2024 | full format | 20-08-2025 | 2025-00385396 |
| 31-12-2021 | full format | 10-08-2022 | 2022-20288329 |
| 31-12-2020 | full format | 20-07-2021 | 2021-39400358 |
| 31-12-2019 | full format | 24-11-2020 | 2020-72100361 |
| 31-12-2018 | micro format | 25-09-2019 | 2019-65900132 |
| 31-12-2017 | micro format | 06-08-2018 | 2018-44000377 |
| 31-12-2016 | full format | 21-06-2017 | 2017-20100419 |
| 31-12-2015 | full format | 31-08-2016 | 2016-57500125 |
| 31-12-2014 | full format | 22-07-2015 | 2015-33100506 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.