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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
Levinvest from Vielsalm, company number BE0447652525, closed financial year 2024 with a result of € -13,078 after tax. For that financial year Levinvest recorded a gross margin of € -1,660 and equity of € -248. Compared with financial year 2023, the result moved from € -10,957 to € -13,078. 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 October 14, 2025.
€ -248
▼ € 13,078 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,078
▼ 19 % more loss than in 2023
Profit after tax over the fiscal year.
€ 114
▼ 90% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -62,221.
Debts at end 2024
€ 109,000
Loans from banks and other lenders, long and short.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -558 | € -1,391 | € -1,452 | € -1,660 | ▼ € 209 |
| Profit after taxes | € -6,997 | € -8,421 | € -10,957 | € -13,078 | ▼ € 2,120 |
| Equity | € 32,208 | € 23,787 | € 12,830 | € -248 | ▼ € 13,078 |
| Total debts | € 134,107 | € 134,107 | € 144,107 | € 148,950 | ▲ 3% |
| Cash | € 199 | € 217 | € 1,159 | € 114 | ▼ 90% |
| Retained profit | € -29,765 | € -38,186 | € -49,144 | € -62,221 | ▼ € 13,078 |
| Bank debt | € 99,000 | € 99,000 | € 109,000 | € 109,000 | |
| Balance sheet total | € 166,315 | € 157,894 | € 156,936 | € 148,702 | ▼ 5% |
Key figures of Levinvest, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Levinvest?
What happened at Levinvest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul ETIENNE stepped down as director. NBB
- Alicia ETIENNE stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 13,078. filed late Source: NBB ↗
- Paul ETIENNE became a director. NBB
- Alicia ETIENNE became a director. NBB
- New establishment in Stavelot. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,997 loss in 2021 to € 13,078 loss in 2024.
Management
Directors
According to the 2024 annual accounts
Paul ETIENNE
Managing director
since 2022 · until 2028
Alicia ETIENNE
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Rue du Vieux-Marché 42
6690 Vielsalm
Les Closures 51
4970 Stavelot
Active since 17 August 1992
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
- 0447.652.525
- VAT number
- BE 0447.652.525
- Registered office
- Rue du Vieux-Marché 42, 6690 Vielsalm
- Names & denominations
- Levinvest
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 1992
- Peppol
- Not registered