Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 90.8 to 81.6.
Financials
Financial year 2025
LOVELD from Aalter, company number BE0445434193, closed financial year 2025 with a result of € -53,123 after tax. For that financial year LOVELD recorded revenue of € 19.2 million and equity of € 11.2 million. Compared with financial year 2024, the result moved from € 116,511 to € -53,123. The company made a loss. 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 26, 2026.
€ 11.2 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,123
▼ still € 116,511 profit in 2024
Profit after tax over the fiscal year.
€ 3.3 million
▲ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 10.2 million.
People and assets in 2025
81.6
▼ 7.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.9 million
▼ 11% vs 2024
€ 60,400 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.
€ 281,371
▼ 33% vs 2024
Of which on lease € 190,750.
Debts at end 2025
€ 150,866
▼ 53% vs 2024
Loans from banks and other lenders, long and short.
€ 2.3 million
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 143 days on average.
€ 528,904
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,826,098 | € 21,335,208 | € 21,689,643 | € 19,196,650 | ▼ 11% |
| Profit after taxes | € 370,441 | € 145,555 | € 116,511 | € -53,123 | ▼ € 169,634 |
| Equity | € 11,006,577 | € 11,152,132 | € 11,268,644 | € 11,215,521 | |
| Total debts | € 5,884,543 | € 4,678,003 | € 4,215,065 | € 3,787,676 | ▼ 10% |
| Cash | € 1,689,456 | € 1,567,720 | € 2,455,809 | € 3,251,688 | ▲ 32% |
| Land & buildings | € 380,979 | € 326,360 | € 248,425 | € 284,228 | ▲ 14% |
| Retained profit | € 10,015,003 | € 10,160,558 | € 10,277,070 | € 10,223,947 | ▼ 1% |
| Bank debt | € 843,240 | € 553,513 | € 323,419 | € 150,866 | ▼ 53% |
| Balance sheet total | € 16,914,120 | € 15,853,136 | € 15,506,709 | € 15,026,197 | ▼ 3% |
| Employees (FTE) | 93.6 | 90.8 | 89.2 | 81.6 | ▼ 7.6 |
Key figures of LOVELD, 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 LOVELD?
What happened at LOVELD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 53,123 (▼ € 169,634 vs 2024). Source: NBB ↗
- Ward Van Hulle stepped down as director. NBB
- Bernard Buys stepped down as director. NBB
- Bruno Vanhulle stepped down as director. NBB
- Bart Van Wyk stepped down as director. NBB
- Vincent Termote stepped down as director. NBB
- Ward Van Hulle became a director. NBB
- Bernard Buys became a director. NBB
In short
From € 370,441 profit in 2022 to € 53,123 loss in 2025.
Paid € 161,844 in corporate taxes since 2022.
Best year ever: 2022, with € 370,441 profit.
Pays suppliers within 143 days on average.
Management
The stake of VELDIMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LOVELDThe shares are held by VELDIMMO (15%). It owns 100% of Loveld UK itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2026
Bruno Vanhulle
Managing director
Also active at: VELDIMMO, VASTGOED OOST, BUILDING ARCHITECTURE MANAGEMENT
since 2020 · until 2026
Bart Van Wyk
Director
since 2020 · until 2026
since 2020 · until 2026
Shareholders
15%
Participations
Loveld UK
100%
Establishments
Establishment units
Physical locations of this company
Brug-Zuid 12
9880 Aalter
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0445.434.193
- VAT number
- BE 0445.434.193
- Registered office
- Brug-Zuid 12, 9880 Aalter
- Names & denominations
- LOVELD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 1991
- Peppol
- Active · Active since 29 Aug 2023
- Activities · NACE
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