Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
LIBECO from Tielt, company number BE0405577982, closed financial year 2025 with a result of € 1.8 million after tax. For that financial year LIBECO recorded revenue of € 52 million and equity of € 30 million. Compared with financial year 2024, the result moved from € 1.5 million to € 1.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 30 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.8 million
▲ 26% vs 2024
Profit after tax over the fiscal year.
€ 1.9 million
▲ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 841,234 paid out
46 % of the profit went to the shareholders, mostly to Liflax BV (97 % of the shares). That is where the money ends up.
People and assets in 2025
186.2
▼ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.8 million
▲ 15% vs 2024
€ 63,400 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.
€ 202,239
▼ 16% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.5 million
▲ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.
€ 2.4 million
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 65,388,487 | € 57,421,607 | € 50,538,439 | € 51,961,269 | ▲ 3% |
| Profit after taxes | € 4,853,570 | € 2,747,714 | € 1,455,294 | € 1,826,575 | ▲ 26% |
| Equity | € 26,841,517 | € 28,608,323 | € 29,200,038 | € 30,043,014 | ▲ 3% |
| Total debts | € 17,191,694 | € 10,614,831 | € 6,080,356 | € 7,961,846 | ▲ 31% |
| Cash | € 1,293,462 | € 685,859 | € 1,158,979 | € 1,941,806 | ▲ 68% |
| Land & buildings | € 338,040 | € 528,129 | € 469,029 | € 410,574 | ▼ 12% |
| Retained profit | € 24,111,879 | € 25,878,685 | € 26,470,401 | € 27,313,377 | ▲ 3% |
| Dividend | € 346,800 | € 764,676 | € 760,176 | € 841,234 | ▲ 11% |
| Bank debt | € 1,000,000 | € 1,000,000 | € 0 | € 0 | |
| Balance sheet total | € 44,046,213 | € 39,232,552 | € 35,289,475 | € 38,050,826 | ▲ 8% |
| Employees (FTE) | 204.7 | 199.5 | 189.8 | 186.2 | ▼ 3.6 |
Key figures of LIBECO, 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 LIBECO?
What happened at LIBECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michael Huyghe stepped down as director. NBB
- LIFLAX BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.8 million (▲ 26% vs 2024). Source: NBB ↗
- VOF Dejaegher-Helaert stepped down as director. NBB
- Peter Van de Weyer stepped down as director. NBB
- Peter Van de Weyer became a director. NBB
- LIFLAX BV became a director. NBB
- VOF Dejaegher-Helaert became a director. NBB
In short
From € 4.9 million profit in 2022 to € 1.8 million profit in 2025.
Paid € 3.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 4.9 million profit.
Paid out € 2.7 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Liflax BV (96.6%) and Libeco NV Werknemers (3.4%). It owns 100% of Libeco INC itself.
Directors
According to the 2025 annual accounts
Managing director · represented by RAYMOND LIBEERT
Also active at: LIBECO HOME STORES, Flaximmo
since 2024 · until 2027
since 2025 · until 2026
Director · represented by Didier Dejaegher
since 2023 · until 2026
Shareholders
96.6%
Libeco NV Werknemers
3.4%
Participations
Libeco INC
100%
Establishments
Establishment units
Physical locations of this company
Tieltstraat 112
8760 Tielt
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
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
libeco.com
Registered
2001-06-17
Registrar
Hetzner Online GmbH
Expires
2027-06-17
Website info
Features
Security
Details
- Company number
- 0405.577.982
- VAT number
- BE 0405.577.982
- Registered office
- Tieltstraat 112, 8760 Tielt
- Names & denominations
- LIBECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 1928
- Peppol
- Active · Active since 18 May 2026
- Contact
- libeco.com
- Activities · NACE
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