Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LEF Group from Sint-Lievens-Houtem, company number BE0718933217, closed financial year 2025 with a result of € -764,655 after tax. For that financial year LEF Group recorded revenue of € 422,397 and equity of € 7.8 million. Compared with financial year 2024, the result moved from € 59,339 to € -764,655. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 7.8 million
▲ € 7.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -764,655
▼ still € 59,339 profit in 2024
Profit after tax over the fiscal year.
€ 128,217
▲ € 126,177 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -538,668.
People and assets in 2025
€ 7,882
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.8 million
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 91,163
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
€ 42
▼ € 21,836 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 422,397 | |
| Gross margin | € 68,651 | € 165,566 | € 77,979 | - | |
| Profit after taxes | € 67,763 | € 140,226 | € 59,339 | € -764,655 | ▼ € 823,995 |
| Equity | € 32,622 | € 172,848 | € 733,752 | € 7,789,676 | ▲ € 7.1 million |
| Total debts | € 189,663 | € 403,000 | € 372,298 | € 12,138,560 | ▲ € 11.8 million |
| Cash | € 16,085 | € 3,241 | € 2,040 | € 128,217 | ▲ € 126,177 |
| Retained profit | € 26,422 | € 166,648 | € 225,987 | € -538,668 | ▼ € 764,655 |
| Dividend | € 66,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 5,847,598 | |
| Balance sheet total | € 222,285 | € 575,848 | € 1,106,050 | € 19,928,236 | ▲ € 18.8 million |
Key figures of LEF Group, 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 LEF Group?
What happened at LEF Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 764,655 (▼ € 823,995 vs 2024). Source: NBB ↗
- Doms - De Kinder VOF became a director. NBB
- KASTOR XI became a director. NBB
- Maxime Maertens became a director. NBB
- Navigeer became a director. NBB
- Stefaan Vanquaethem became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 67,763 profit in 2022 to € 764,655 loss in 2025.
Paid € 45,460 in corporate taxes since 2022.
Best year ever: 2023, with € 140,226 profit.
Paid out € 66,000 in dividends to the owners in total.
Management
The stake of Vectis Private Equity IV, KASTOR XI, Thin & Tall comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LEF GroupBehind LEF Group are KASTOR XI, Doms - De Kinder VOF, Maxime Maertens, Navigeer and Stefaan Vanquaethem. The shares are held by Vectis Private Equity IV (51%), KASTOR XI (5.9%) and Thin & Tall (5.9%). It owns 100% of INDONAR, 100% of DONKEY, 100% of De Lentdecker Luc and 100% of VD TOOLS itself.
Directors
According to the 2025 annual accounts
Administrator-manager · represented by Kristof Versluys
Also active at: S - PRESS, DE LENTDECKER LUC, HANDLANGERS, KOPPENBREKERS, SLIMR, MAARSCHALK INVEST I
since 2025
Director · represented by Leen De Kinder
Also active at: DE KINDER INVEST, DE KINDER HARDWARE
since 2026
since 2025
Administrator-manager · represented by Tom Van Wassenhove
Also active at: SLIMR, LANDSHEER REAL ESTATE, MAARSCHALK INVEST I
since 2025
Stefaan Vanquaethem
Director
since 2025
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Gentsesteenweg 1A
9520 Sint-Lievens-Houtem
Lange Violettestraat 94
9000 Gent
Active since 21 January 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →DONCKERS
€ 11.6 million revenue · 2025
VD TOOLS same network
€ 22.2 million revenue · 2025
ANTWERP TOOLS SERVICES
€ 136,498 gross margin · 2025
Donkey same network
€ -8,292 gross margin · 2025
DD REAL ESTATE
€ 571,437 gross margin · 2025
+2 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
- 0718.933.217
- VAT number
- BE 0718.933.217
- Registered office
- Gentsesteenweg 1A, 9520 Sint-Lievens-Houtem
- Names & denominations
- LEF Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 2019
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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