LOREFAC
Dissolution or liquidationOverview
Activity
Activity not known
Size
€54,738total assets 2025
- Equity
- -€367,462
- Loss
- -€97,246
Financial health
Dissolution or liquidation: no score
Structure
1 of 8 deeds read
Signalsraises riskRegister: dissolution or liquidationNegative equityneutralLatest accounts filed on timeShow the evidence
Signals
Three signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
181920212425
2018 to 2025 · latest year -€367,462
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
128 days early
2024
20 days late
2021
10 days late
2020
11 days early
2019
116 days late
2018
56 days late
2017
6 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 10 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- End & cessationDirector discharge · Liquidation closure
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€97,246
Financials · 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.
Directors
Directors
No directors read yet: 1 of 8 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
28-09
Gazette deed
End & cessationDirector discharge · Liquidation closure3 facts ▸
Gazette deed
End & cessation
Director discharge · Liquidation closure3 facts ▸
- General meeting, 15-09-2026
- Director discharge, Frédéric KERSTENNE (liquidator)
- Liquidation closure, 15-09-2026
25-03
NBB filing
Annual accounts filed
financial year 2025 · full format
2025
31-12
Financial
Weakest financial yearnet -€97,246
Net result drops to -€97,246, the lowest in the series.
20-08
NBB filing
Annual accounts filed
financial year 2024 · full format · 20 days late
2024
31-12
Financial
Back to profitnet €7,999
Net result €7,999 after 2 loss-making years.
2022
10-08
NBB filing
Annual accounts filed
financial year 2021 · full format · 10 days late
2021
20-07
NBB filing
Annual accounts filed
financial year 2020 · full format
2020
24-11
NBB filing
Annual accounts filed
financial year 2019 · full format · 116 days late
2019
25-09
NBB filing
Annual accounts filed
financial year 2018 · micro format · 56 days late
2018
06-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 6 days late
2017
21-06
NBB filing
Annual accounts filed
financial year 2016 · full format
2016
31-08
NBB filing
Annual accounts filed
financial year 2015 · full format · 31 days late
2015
22-07
NBB filing
Annual accounts filed
financial year 2014 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 34 annual accounts filed, the latest 10 are here; all 34 are under Financials.
1 of 8 deeds read
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Liège
Ground area
510 m²
Building footprint
338 m²
Building volume
9,351 m³
Parcel 62803A1351/00P000, Wallonia · tallest building 38.0 m. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62803A1351/00P000 | Wallonia | 510 m² | 1 · 338 m² | 38.0 m · 9 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- One provision in the deed
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Liquidation distribution: “Créanciers privilégiés sur pied de l'article 19, 3ter de la loi hypothécaire, ne pouvant percevoir de dividende” (deed in French)
Read from the deeds: 2 provisions, deed of 28-09-2026