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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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LIETAER N & C from Menen, company number BE0446090330, closed financial year 2025 with a result of € 576,701 after tax. For that financial year LIETAER N & C recorded revenue of € 2 million and equity of € 68,177. Compared with financial year 2024, the result moved from € 412,874 to € 576,701. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 13, 2026.
€ 68,177
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 576,701
▲ 40% vs 2024
Profit after tax over the fiscal year.
€ 5,145
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 576,701 paid out
100 % of the profit went to the shareholders, mostly to INTEGRA en PARTNERS (99 % of the shares). That is where the money ends up.
People and assets in 2025
5.8
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 430,196
▲ 12% vs 2024
€ 74,200 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.
€ 170,893
▼ 1% vs 2024
Of which on lease € 83,286.
Debts at end 2025
€ 295,386
▲ € 255,748 vs 2024
€ 48,758 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 21,472
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 85,336
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 1,717,088 | € 1,734,237 | € 2,002,598 | ▲ 15% |
| Gross margin | € 932,333 | € 1,006,669 | € 993,595 | € 1,270,489 | ▲ 28% |
| Profit after taxes | € 388,888 | € 405,403 | € 412,874 | € 576,701 | ▲ 40% |
| Equity | € 210,564 | € 210,564 | € 68,177 | € 68,177 | |
| Total debts | € 572,621 | € 519,603 | € 540,876 | € 895,964 | ▲ 66% |
| Cash | € 7,446 | € 59,624 | € 413,342 | € 5,145 | ▼ 99% |
| Land & buildings | € 4,920 | € 5,413 | € 4,391 | € 3,369 | ▼ 23% |
| Retained profit | € 148,564 | € 148,564 | € 6,177 | € 6,177 | |
| Dividend | € 388,888 | € 405,403 | € 555,261 | € 576,701 | ▲ 4% |
| Bank debt | € 0 | € 0 | € 39,639 | € 295,386 | ▲ € 255,748 |
| Balance sheet total | € 783,184 | € 730,166 | € 609,053 | € 964,141 | ▲ 58% |
| Employees (FTE) | 6.3 | 5.9 | 4.5 | 5.8 | ▲ 1.3 |
Key figures of LIETAER N & C, 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 LIETAER N & C?
What happened at LIETAER N & C in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- HENTHI BV stepped down as director. NBB
- Bart Bollen stepped down as director. NBB
- INTEGRA en PARTNERS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 576,701 (▲ 40% vs 2024). Source: NBB ↗
- HENTHI BV became a director. NBB
- INTEGRA en PARTNERS became a director. NBB
- Carine Lietaer stepped down as director. NBB
- Carine Lietaer became a director. NBB
In short
From € 388,888 profit in 2022 to € 576,701 profit in 2025.
Paid € 632,549 in corporate taxes since 2022.
Best year ever: 2025, with € 576,701 profit.
On average € 219,000 of value added per employee in 2025.
Management
The stake of INTEGRA en PARTNERS, HENTHI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LIETAER N & CThe shares are held by INTEGRA en PARTNERS (99.2%) and HENTHI (20%).
Directors
According to the 2025 annual accounts
since 2024 · until 2025
Director · represented by CHARLOTTE FRANCOIS
since 2025 · until 2030
since 2024 · until 2030
Managing director · represented by CARINE LIETAER
since 2025 · until 2030
Shareholders
99.2%
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dronckaertstraat 285
8930 Menen
Schouwburgplein(Kor) 11
8500 Kortrijk
Active since 1 October 2013
Grote Weg 40A
8930 Menen
Active since 30 January 2008
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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
DNS
Cloudflare DNS
Domain
Domain
lietaer.eu
Registrar
Registrar.eu
Website info
Features
Security
Details
- Company number
- 0446.090.330
- VAT number
- BE 0446.090.330
- Registered office
- Dronckaertstraat 285, 8930 Menen
- Names & denominations
- LIETAER N & C
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 1991
- Peppol
- Active · Active since 27 Jul 2026
- Contact
- lietaer.eu
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars
Verzekeringsmakelaars en -agenten