Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
LIVLINA from Sint-Niklaas, company number BE0448553239, closed financial year 2025 with a result of € -1.3 million after tax. For that financial year LIVLINA recorded revenue of € 278.3 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € -2.7 million to € -1.3 million. The company made a loss. 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 June 23, 2026.
€ 2.7 million
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.3 million
▲ 52 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2.1 million
▲ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.2 million.
People and assets in 2025
239.6
▲ 7.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 13.6 million
▲ 9% vs 2024
€ 56,900 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.
€ 35.4 million
▼ 10% vs 2024
Of which on lease € 35.2 million.
Debts at end 2025
€ 43.6 million
▼ 5% vs 2024
€ 3.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 33 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.
€ 2.9 million
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 169,793,868 | € 193,057,865 | € 208,451,656 | € 278,330,685 | ▲ 34% |
| Profit after taxes | € -2,823,656 | € 12,690 | € -2,673,577 | € -1,295,039 | ▲ € 1.4 million |
| Equity | € 1,634,785 | € 6,647,475 | € 3,973,898 | € 2,678,859 | ▼ 33% |
| Total debts | € 80,722,986 | € 73,869,528 | € 80,390,373 | € 79,678,805 | ▼ 1% |
| Cash | € 1,385,058 | € 1,612,360 | € 1,849,951 | € 2,066,899 | ▲ 12% |
| Land & buildings | € 4,989,073 | € 4,847,382 | € 4,847,376 | € 4,847,376 | |
| Retained profit | € 767,158 | € 779,848 | € -1,893,729 | € -3,188,768 | ▼ € 1.3 million |
| Bank debt | € 55,722,228 | € 47,940,423 | € 45,834,437 | € 43,637,368 | ▼ 5% |
| Balance sheet total | € 82,420,081 | € 80,807,813 | € 84,757,916 | € 82,906,659 | ▼ 2% |
| Employees (FTE) | 204.7 | 224 | 232.3 | 239.6 | ▲ 7.3 |
Key figures of LIVLINA, 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 LIVLINA?
What happened at LIVLINA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ALEXO BV stepped down as director. NBB
- K.P.L.H. BV stepped down as director. NBB
- ARISTO BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.3 million. Source: NBB ↗
- ALEXO BV became a director. NBB
- K.P.L.H. BV became a director. NBB
- ARISTO BV became a director. NBB
- New establishment in Tessenderlo-Ham. KBO
In short
From € 2.8 million loss in 2022 to € 1.3 million loss in 2025.
Paid € 22,211 in corporate taxes since 2022.
Best year ever: 2023, with € 12,690 profit.
Pays suppliers within 46 days on average.
A new publication or filing at LIVLINA? 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 FEBELCO, FEBELFARMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LIVLINAThe shares are held by FEBELCO (100%) and FEBELFARMA (0%). It owns 100% of LIVLINA TRANSPORT itself.
Directors
According to the 2025 annual accounts
Lid van de toezichtsraad · represented by Olivier Delaer
Also active at: SDC, HC Pharma, SODIAP, APOTHEEK JENNE, PANNOC CHEMIE, Apotheek de Lisseweg, Apotheek Seurinck, APOTHEEK SCARPHOUT +34 more
since 2023 · until 2029
since 2023 · until 2029
Lid van de toezichtsraad · represented by Frank Coene
Also active at: FEBELCO, FEBELFARMA, FEBELCOFONDS, AXONE PHARMA, LIVLINA TRANSPORT
since 2023 · until 2029
Shareholders
100%
0%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Eigenlostraat 5
9100 Sint-Niklaas
Dellestraat 61
3550 Heusden-Zolder
Active since 29 January 2014
Geenrode 6
3980 Tessenderlo-Ham
Active since 1 September 2020
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
- 0448.553.239
- VAT number
- BE 0448.553.239
- Registered office
- Eigenlostraat 5, 9100 Sint-Niklaas
- Names & denominations
- LIVLINA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 October 1992
- Peppol
- Active · Active since 20 Dec 2025
- Contact
- [email protected]
- Activities · NACE
Groothandel in farmaceutische en medische artikelen