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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NAFELU from Kortenaken, company number BE0715764780, closed financial year 2025 with a result of € 19,920 after tax. For that financial year NAFELU recorded a gross margin of € 52,903 and equity of € -35,847. Compared with financial year 2024, the result moved from € -2,275 to € 19,920. Profitable, and profit is growing. 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 22, 2026.
€ -35,847
▲ € 19,920 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,920
▲ still € 2,275 loss in 2024
Profit after tax over the fiscal year.
€ 11,905
▲ € 11,578 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -42,047.
Debts at end 2025
€ 396,813
▲ 86% vs 2024
€ 21,110 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 4,324
▲ 212% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,494
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 20,805 | € 18,436 | € 25,401 | € 52,903 | ▲ 108% |
| Profit after taxes | € -3,024 | € -5,300 | € -2,275 | € 19,920 | ▲ € 22,195 |
| Equity | € -48,192 | € -53,492 | € -55,767 | € -35,847 | ▲ € 19,920 |
| Total debts | € 616,787 | € 609,407 | € 594,965 | € 809,233 | ▲ 36% |
| Cash | € 3,256 | € 2,361 | € 327 | € 11,905 | ▲ € 11,578 |
| Land & buildings | € 564,750 | € 553,554 | € 537,671 | € 709,331 | ▲ 32% |
| Retained profit | € -54,392 | € -59,692 | € -61,967 | € -42,047 | ▲ € 19,920 |
| Bank debt | € 249,343 | € 230,836 | € 213,613 | € 396,813 | ▲ 86% |
| Balance sheet total | € 568,595 | € 555,915 | € 539,197 | € 773,386 | ▲ 43% |
Key figures of NAFELU, 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 NAFELU?
What happened at NAFELU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 19,920. filed late Source: NBB ↗
- New establishment in Kortenaken. KBO
- Luc Poffé became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,024 loss in 2022 to € 19,920 profit in 2025.
Best year ever: 2025, with € 19,920 profit.
Management
Behind NAFELU is Luc Poffé.
Directors
According to the 2025 annual accounts
Luc Poffé
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Heidebosweg 38
3471 Kortenaken
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0715.764.780
- VAT number
- BE 0715.764.780
- Registered office
- Heidebosweg 38, 3471 Kortenaken
- Names & denominations
- NAFELU
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 2018
- Peppol
- Active · Active since 9 Apr 2025
- Activities · NACE
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Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis