Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 146.6 to 110.
Financials
Financial year 2025
MARCEL LIEBAERT from Deinze, company number BE0401030365, closed financial year 2025 with a result of € 296,037 after tax. For that financial year MARCEL LIEBAERT recorded revenue of € 14.8 million and equity of € 10.3 million. Compared with financial year 2024, the result moved from € 150,725 to € 296,037. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 7, 2026.
€ 10.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 296,037
▲ 96% vs 2024
Profit after tax over the fiscal year.
€ 395,929
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 325,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
110
▼ 27.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.7 million
▲ 25% vs 2024
€ 70,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 202,098
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.4 million
€ 1.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 344,122
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 17 days on average.
€ 1.5 million
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 19,191,719 | € 15,669,131 | € 14,075,367 | € 14,817,230 | ▲ 5% |
| Profit after taxes | € 1,013,712 | € 894,808 | € 150,725 | € 296,037 | ▲ 96% |
| Equity | € 10,294,422 | € 10,287,998 | € 10,318,723 | € 10,289,760 | |
| Total debts | € 9,741,159 | € 8,452,670 | € 6,098,842 | € 6,621,786 | ▲ 9% |
| Cash | € 1,013,898 | € 1,439,025 | € 1,030,916 | € 395,929 | ▼ 62% |
| Land & buildings | € 1,507,366 | € 1,392,262 | € 1,370,309 | € 1,344,806 | ▼ 2% |
| Retained profit | € 5,294,422 | € 5,287,998 | € 5,318,723 | € 5,289,760 | ▼ 1% |
| Dividend | € 1,050,160 | € 901,232 | € 0 | € 325,000 | |
| Bank debt | € 6,705,029 | € 5,805,021 | € 4,424,639 | € 4,414,382 | |
| Balance sheet total | € 20,356,135 | € 19,035,927 | € 16,433,095 | € 16,918,896 | ▲ 3% |
| Employees (FTE) | 145.5 | 146.6 | 137.1 | 110 | ▼ 27.1 |
Key figures of MARCEL LIEBAERT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MARCEL LIEBAERT?
What happened at MARCEL LIEBAERT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SOCRATES PROJECTS NV stepped down as director. NBB
- Micheline De Graeve stepped down as director. NBB
- LMQS BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 296,037 (▲ 96% vs 2024). Source: NBB ↗
- SOCRATES PROJECTS NV became a director. NBB
- Micheline De Graeve became a director. NBB
- LMQS BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1 million profit in 2022 to € 296,037 profit in 2025.
Paid € 25,958 in corporate taxes since 2022.
Best year ever: 2022, with € 1 million profit.
Paid out € 2.3 million in dividends to the owners in total.
Management
The stake of SOCRATES PROJECTS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MARCEL LIEBAERTThe shares are held by SOCRATES PROJECTS (49.7%).
Directors
According to the 2025 annual accounts
Managing director · represented by Alain Liebaert
since 2025 · until 2029
since 2025 · until 2029
Shareholders
49.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industrielaan 1
9800 Deinze
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
liebaert.com
Registered
1996-09-13
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-09-12
Website info
Features
Security
Details
- Company number
- 0401.030.365
- VAT number
- BE 0401.030.365
- Registered office
- Industrielaan 1, 9800 Deinze
- Names & denominations
- MARCEL LIEBAERT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 5 Nov 2025
- Contact
- liebaert.com [email protected] 093861145
- Activities · NACE
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