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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Shrinking team NBB
FTE fell two years in a row, from 2 to 1.
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Busy address KBO
33 other companies have their registered office at the same address; threshold 10.
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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 2025
LEBELCO from Antwerpen, company number BE0447762589, closed financial year 2025 with a result of € 236,730 after tax. For that financial year LEBELCO recorded a gross margin of € 2.6 million and equity of € 6.8 million. Compared with financial year 2023, the result moved from € -259,606 to € 236,730. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 13, 2026.
€ 6.8 million
▲ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 236,730
▲ still € 259,606 loss in 2023
Profit after tax over the fiscal year.
€ 11,803
▼ 78% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.9 million.
People and assets in 2025
1
▼ 0.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 143,813
▲ 30% vs 2023
€ 143,800 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.
€ 31,239
▲ 239% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 18 million
▼ 4% vs 2023
€ 706,444 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 276,816
▼ 62% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 22,211
▼ 40% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,069,518 | € 1,419,220 | € 1,374,960 | € 2,632,960 | ▲ 91% |
| Profit after taxes | € -311,421 | € 51,848 | € -259,606 | € 236,730 | ▲ € 496,336 |
| Equity | € 6,749,836 | € 6,801,684 | € 6,542,079 | € 6,778,809 | ▲ 4% |
| Total debts | € 20,909,340 | € 21,565,462 | € 21,371,889 | € 20,423,067 | ▼ 4% |
| Cash | € 61,217 | € 282,447 | € 53,198 | € 11,803 | ▼ 78% |
| Land & buildings | € 19,968,861 | € 20,379,731 | € 19,589,283 | € 18,413,366 | ▼ 6% |
| Retained profit | € 2,842,350 | € 2,894,198 | € 2,634,592 | € 2,871,323 | ▲ 9% |
| Bank debt | € 19,014,386 | € 18,853,926 | € 18,747,167 | € 17,992,401 | ▼ 4% |
| Balance sheet total | € 29,351,175 | € 29,964,209 | € 29,416,095 | € 28,615,689 | ▼ 3% |
| Employees (FTE) | 2 | 2 | 1.3 | 1 | ▼ 0.3 |
Key figures of LEBELCO, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to LEBELCO?
What happened at LEBELCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 236,730. filed late Source: NBB ↗
- Lares NV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 311,421 loss in 2021 to € 236,730 profit in 2025.
Paid € 62,547 in corporate taxes since 2021.
Best year ever: 2025, with € 236,730 profit.
On average € 2.6 million of value added per employee in 2025.
A new publication or filing at LEBELCO? We notify you, reason included.
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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 stake of LARES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LEBELCOBehind LEBELCO is Lares NV. The shares are held by LARES (13.2%). It owns 44.4% of Leemco itself.
Directors
According to the 2025 annual accounts
Director · represented by Crols Christina
Also active at: LEMAN INVEST, Arts Gebroeders, Arts Gebroeders immobilière, LEEMCO, ECHNATON, COCKERILL INVEST, LINC LEXINGTON, GROEP L. +5 more
since 2021
Shareholders
13.2%
Participations
44.4%
Establishments
Establishment units
Physical locations of this company
Tavernierkaai 2
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 33 companies are registered at this address.
All companies at this address →Gemeenschappelijke kas voor de koopvaardij
ORYON
€ 1.1 million gross margin · 2025
LEMAN INVEST same network
€ 1.3 million gross margin · 2025
Arts Gebroeders same network
€ -2,876 gross margin · 2025
Arts Gebroeders immobilière same network
€ 271,341 gross margin · 2025
+28 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.762.589
- VAT number
- BE 0447.762.589
- Registered office
- Tavernierkaai 2, 2000 Antwerpen
- Names & denominations
- LEBELCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 1992
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur van woningen, exclusief sociale woningen