What does Liemax horses do?

Liemax horses is a farm in Westerlo. Private Limited, started on 25 May 2021, 2 establishments.

What is the address of Liemax horses?

The registered office of Liemax horses is located at Koning Leopoldlaan 59, 2260 Westerlo.

Is Liemax horses still active?

Yes. According to the CBE (30 October 2026) Liemax horses is active, legal situation “Normale toestand”, started on 25 May 2021.

Is Liemax horses registered on Peppol?

Yes, Liemax horses is registered on the Peppol network with ID 0208:0768711934.

What is the enterprise number of Liemax horses?

The enterprise number of Liemax horses is BE0768711934.

When was Liemax horses founded?

Liemax horses was founded on 25 May 2021.

Who are the directors of Liemax horses?

According to the 2025 annual accounts, the directors of Liemax horses are: Lien Van Cauwenbergh.

Is Liemax horses a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 May 2021; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did Liemax horses make in 2025?

Liemax horses recorded a loss after taxes of € 240,647 in financial year 2025.

What is the revenue of Liemax horses?

As a small company, Liemax horses is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -73,523.

Liemax horses (Private Limited) - Westerlo - BE0768711934

Dossier Liemax horses, printed on 30 October 2026 from databakkes.be/en/0768711934/liemax-horses. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 3 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Liemax horses from Westerlo, company number BE0768711934, closed financial year 2025 with a result of € -240,647 after tax. For that financial year Liemax horses recorded a gross margin of € -73,523 and equity of € -153,617. Compared with financial year 2024, the result moved from € -317,750 to € -240,647. 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 July 20, 2026.

What it is worth Caution

€ -153,617

▼ € 240,647 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -240,647

▲ 24 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 473

▼ 82% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.1 million.

People and assets in 2025

Wage cost

€ 81,973

▲ 4% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 284,276

▼ 16% vs 2024

Of which on lease € 284,235.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 221,879

▼ 32% vs 2024

€ 76,736 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 40,056

▲ 64% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Wages and social charges

€ 5,557

▼ 21% vs 2024

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -178,776 Gross margin 2022: € -178,776 First fiscal year in the series	€ -156,580 Gross margin 2023: € -156,580 ▲ € 22,196 vs 2022 (€ -178,776) Favourable step	€ -135,812 Gross margin 2024: € -135,812 ▲ € 20,767 vs 2023 (€ -156,580) Favourable step	€ -73,523 Gross margin 2025: € -73,523 ▲ € 62,289 vs 2024 (€ -135,812) Favourable step	▲ € 62,289
Profit after taxes	€ -220,188 Profit after taxes 2022: € -220,188 First fiscal year in the series	€ -290,031 Profit after taxes 2023: € -290,031 ▼ € 69,843 vs 2022 (€ -220,188) Unfavourable step	€ -317,750 Profit after taxes 2024: € -317,750 ▼ € 27,719 vs 2023 (€ -290,031) Unfavourable step	€ -240,647 Profit after taxes 2025: € -240,647 ▲ € 77,103 vs 2024 (€ -317,750) Favourable step	▲ € 77,103
Equity	€ -105,188 Equity 2022: € -105,188 First fiscal year in the series	€ -395,219 Equity 2023: € -395,219 ▼ € 290,031 vs 2022 (€ -105,188) Unfavourable step	€ 87,031 Equity 2024: € 87,031 ▲ € 482,250 vs 2023 (€ -395,219) Favourable step	€ -153,617 Equity 2025: € -153,617 ▼ € 240,647 vs 2024 (€ 87,031) Unfavourable step	▼ € 240,647
Total debts	€ 725,310 Total debts 2022: € 725,310 First fiscal year in the series	€ 1,079,709 Total debts 2023: € 1,079,709 ▲ 49% vs 2022 (€ 725,310) Unfavourable step	€ 503,657 Total debts 2024: € 503,657 ▼ 53% vs 2023 (€ 1,079,709) Favourable step	€ 620,564 Total debts 2025: € 620,564 ▲ 23% vs 2024 (€ 503,657) Unfavourable step	▲ 23%
Cash	€ 1,047 Cash 2022: € 1,047 First fiscal year in the series	€ 80 Cash 2023: € 80 ▼ 92% vs 2022 (€ 1,047) Unfavourable step	€ 2,680 Cash 2024: € 2,680 ▲ € 2,600 vs 2023 (€ 80) Favourable step	€ 473 Cash 2025: € 473 ▼ 82% vs 2024 (€ 2,680) Unfavourable step	▼ 82%
Retained profit	€ -220,188 Retained profit 2022: € -220,188 First fiscal year in the series	€ -510,219 Retained profit 2023: € -510,219 ▼ € 290,031 vs 2022 (€ -220,188) Unfavourable step	€ -827,969 Retained profit 2024: € -827,969 ▼ € 317,750 vs 2023 (€ -510,219) Unfavourable step	€ -1,068,617 Retained profit 2025: € -1,068,617 ▼ € 240,647 vs 2024 (€ -827,969) Unfavourable step	▼ € 240,647
Bank debt	€ 409,805 Bank debt 2022: € 409,805 First fiscal year in the series	€ 421,683 Bank debt 2023: € 421,683 ▲ 3% vs 2022 (€ 409,805) Unfavourable step	€ 324,067 Bank debt 2024: € 324,067 ▼ 23% vs 2023 (€ 421,683) Favourable step	€ 221,879 Bank debt 2025: € 221,879 ▼ 32% vs 2024 (€ 324,067) Favourable step	▼ 32%
Balance sheet total	€ 620,122 Balance sheet total 2022: € 620,122 First fiscal year in the series	€ 684,489 Balance sheet total 2023: € 684,489 ▲ 10% vs 2022 (€ 620,122) Unchanged	€ 590,687 Balance sheet total 2024: € 590,687 ▼ 14% vs 2023 (€ 684,489) Unchanged	€ 466,947 Balance sheet total 2025: € 466,947 ▼ 21% vs 2024 (€ 590,687) Unchanged	▼ 21%

Key figures of Liemax horses, 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 Liemax horses?

What happened at Liemax horses in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 20, 2026 New annual accounts for financial year 2025: loss of € 240,647. Source: NBB ↗
Apr 1, 2025 New establishment in Hulshout. KBO
May 25, 2021 New establishment in Westerlo. KBO
2021 Lien Van Cauwenbergh became a director. NBB
May 25, 2021 Start of the company according to the CBE. KBO

In short

From € 220,188 loss in 2022 to € 240,647 loss in 2025.

Original PDFs at the National Bank ↗

Management

Lien Van Cauwenbergh

Liemax horses

NOTAWEST

Notariële Participatievennootschap Van Cauwenbergh Lien

Behind Liemax horses is Lien Van Cauwenbergh. Lien Van Cauwenbergh is also behind NOTAWEST and Notariële Participatievennootschap Van Cauwenbergh Lien.

Directors

According to the 2025 annual accounts

Lien Van Cauwenbergh

Director

Also active at: NOTAWEST, Notariële Participatievennootschap Van Cauwenbergh Lien

since 2021

Establishments

Establishment units

Physical locations of this company

Registered office

Koning Leopoldlaan 59

2260 Westerlo

2.373.085.697

Heide 71

2235 Hulshout

Active since 1 April 2025

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

NOTAWEST same network

€ 738,801 gross margin · 2025

Notariële Participatievennootschap Van Cauwenbergh Lien same network

€ 590,734 gross margin · 2025

Notawest

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0768.711.934

VAT number

BE 0768.711.934

Registered office

Koning Leopoldlaan 59, 2260 Westerlo

Names & denominations

Liemax horses

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

25 May 2021

Peppol

Active · Active since 29 Jul 2024

Activities · NACE

Fokken van paarden en andere paardachtigen

Exploitatie van sportaccommodaties

Activiteiten van overige sportclubs

Groothandel in levend vee

Overige sportactiviteiten, neg

View on CBE Public ↗ Annual accounts (NBB) ↗

Liemax horses

Warning lights

Financials

What happened to Liemax horses?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions