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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
L & D MANAGEMENT from Ledegem, company number BE0885721648, closed financial year 2025 with a result of € -117,354 after tax. For that financial year L & D MANAGEMENT recorded a gross margin of € 11,263 and equity of € -459,227. Compared with financial year 2024, the result moved from € -127,129 to € -117,354. 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 May 29, 2026.
€ -459,227
▼ € 1.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -117,354
▲ 8 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,923
▲ € 4,893 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -609,227.
Debts at end 2025
€ 840,000
▼ 10% vs 2024
€ 90,000 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 55,468
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,764
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 | € 68,136 | € -15,360 | € -21,083 | € 11,263 | ▲ € 32,346 |
| Profit after taxes | € -21,094 | € -114,275 | € -127,129 | € -117,354 | ▲ € 9,775 |
| Equity | € 1,257,082 | € 1,142,807 | € 1,015,678 | € -459,227 | ▼ € 1.5 million |
| Total debts | € 1,137,360 | € 1,155,453 | € 1,214,804 | € 1,260,402 | ▲ 4% |
| Cash | € 1,397 | € 1,014 | € 30 | € 4,923 | ▲ € 4,893 |
| Land & buildings | € 2,371,978 | € 2,295,492 | € 2,221,079 | € 595,178 | ▼ 73% |
| Retained profit | € -250,469 | € -364,744 | € -491,873 | € -609,227 | ▼ € 117,354 |
| Bank debt | € 1,110,000 | € 1,020,000 | € 937,500 | € 840,000 | ▼ 10% |
| Balance sheet total | € 2,588,378 | € 2,492,196 | € 2,424,418 | € 801,175 | ▼ 67% |
Key figures of L & D MANAGEMENT, 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 May 2027.
What happened to L & D MANAGEMENT?
What happened at L & D MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 117,354. Source: NBB ↗
- Lieven Maes became a director. NBB
- Dave David stepped down as director. NBB
- Lieven David stepped down as director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,094 loss in 2022 to € 117,354 loss in 2025.
Management
Behind L & D MANAGEMENT are Brecht Pottie and Lieven Maes. The same people are also behind Kubiek³, KUBIEK³ INVEST and POEMA INVEST. Brecht Pottie is also behind BETRACON. Lieven Maes is also behind DEVELTERE, MARIELOUIS, STENIEMA, LIMA LOGISTICS and VANRAES.
Directors
According to the 2025 annual accounts
Lieven Maes
Director
Also active at: DEVELTERE, MARIELOUIS, Kubiek³, KUBIEK³ INVEST, STENIEMA, LIMA LOGISTICS, VANRAES, FIDELIS +2 more
since 2025
Dave David
Director
· until 2025
Lieven David
Director
Also active at: A. & G. HOUSING CORPORATION, LIEDAVID, DABOMA, L&O Marketing & Management
· until 2025
Establishments
Establishment units
Physical locations of this company
Kleine Izegemsestraat 5
8880 Ledegem
Gullegemsesteenweg(Bis) 216
8501 Kortrijk
Active since 18 December 2006
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 →MARIELOUIS same network
€ 208,324 gross margin · 2025
Kubiek³ same network
€ -118,466 gross margin · 2025
STENIEMA same network
€ -1,891 gross margin · 2026
LIMA LOGISTICS same network
€ 112,417 gross margin · 2025
FIDELIS same network
€ 45,424 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
- 0885.721.648
- VAT number
- BE 0885.721.648
- Registered office
- Kleine Izegemsestraat 5, 8880 Ledegem
- Names & denominations
- L & D MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2006
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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