Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ANDOR from Lievegem, company number BE0442863792, closed financial year 2025 with a result of € -155,343 after tax. For that financial year ANDOR recorded a gross margin of € -21,537 and equity of € -858,860. Compared with financial year 2024, the result moved from € -360,113 to € -155,343. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 11, 2026.
€ -858,860
▼ € 155,343 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -155,343
▲ 57 % less loss than in 2024
Profit after tax over the fiscal year.
€ 31,718
▲ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2025
€ 8,701
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 49,766
▼ 20% vs 2024
€ 10,799 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 5,711
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,128
▲ 101% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -93,036 | € -49,371 | € -214,275 | € -21,537 | ▲ € 192,737 |
| Profit after taxes | € -229,080 | € -198,522 | € -360,113 | € -155,343 | ▲ € 204,770 |
| Equity | € -144,882 | € -343,404 | € -703,517 | € -858,860 | ▼ € 155,343 |
| Total debts | € 2,189,607 | € 2,328,026 | € 2,404,247 | € 2,490,844 | ▲ 4% |
| Cash | € 23,560 | € 18,379 | € 16,004 | € 31,718 | ▲ 98% |
| Land & buildings | € 894,877 | € 832,172 | € 741,240 | € 650,524 | ▼ 12% |
| Retained profit | € -1,391,247 | € -1,589,768 | € -1,949,882 | € -2,105,224 | ▼ € 155,343 |
| Bank debt | € 537,128 | € 524,886 | € 62,423 | € 49,766 | ▼ 20% |
| Balance sheet total | € 2,044,724 | € 1,984,622 | € 1,700,730 | € 1,631,984 | ▼ 4% |
Key figures of ANDOR, 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 ANDOR?
What happened at ANDOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 155,343. filed late Source: NBB ↗
- New establishment in Lievegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 229,080 loss in 2022 to € 155,343 loss in 2025.
Paid € 6,883 in corporate taxes since 2022.
Management
Behind ANDOR are Jonathan DE SPIEGELEIRE, Heliodora RUBIO CID, CONSULTING DEN BERG 127 BV and André DE SPIEGELEIRE. Jonathan DE SPIEGELEIRE is also behind Belaudio and Billy. Heliodora RUBIO CID is also behind BOTERHOEK. CONSULTING DEN BERG 127 BV is also behind BOTERHOEK, FAMDES and FAINFOOD. André DE SPIEGELEIRE is also behind BOTERHOEK, FAMDES and FAINFOOD.
Directors
According to the 2025 annual accounts
Director · represented by Philippe GUNS
Establishments
Establishment units
Physical locations of this company
Grote Baan 117
9920 Lievegem
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.
Details
- Company number
- 0442.863.792
- VAT number
- BE 0442.863.792
- Registered office
- Grote Baan 117, 9920 Lievegem
- Names & denominations
- ANDOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 December 1990
- Peppol
- Active · Active since 28 Aug 2023
- Activities · NACE
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