ACTIVE

IMMALEF

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Financial year 2025 · closed on 31/12/2025

Net result

59,4 k €

-13.9% YoY

Gross margin

93,8 k €

-12.9% YoY

Equity

935,6 k €

+6.8% YoY

What does IMMALEF do?

IMMALEF is a Public limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.578.951

Incorporation

14/08/2000

Legal form

Public limited company

Registered office

Leiestraat 73
8792 Waregem · FlandreSee on map

Contributed capital

76 688,39 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	93,8 k €	-12.9%	107,7 k €	+5.6%	102 k €	+1.2%	100,8 k €	-9.6%	111,5 k €	-8.9%	122,4 k €	-4.9%	128,7 k €	-16.1%	153,5 k €	+15.3%	133,1 k €	-0.0%	133,1 k €	-3.5%	137,9 k €	+1.4%	136 k €	-6.2%	144,9 k €	+22.0%	118,8 k €	-2.9%	122,3 k €	-5.0%	128,8 k €	-14.3%	150,3 k €	+40.6%	106,8 k €	+26.4%	84,5 k €	-6.1%	90 k €
EBITDA	85,9 k €	-14.1%	100 k €	+5.7%	94,5 k €	+0.6%	93,9 k €	-10.0%	104,4 k €	-9.6%	115,4 k €	-5.4%	122 k €	-17.0%	147,1 k €	+16.1%	126,7 k €	-0.2%	127 k €	-3.7%	131,8 k €	+1.6%	129,7 k €	-6.7%	139 k €	+23.1%	112,9 k €	-3.3%	116,8 k €	+6.0%	110,2 k €	-15.9%	130,9 k €	+22.5%	106,8 k €	+26.4%	84,5 k €	-6.1%	90 k €
Operating result	81,9 k €	-16.3%	97,9 k €	+34.6%	72,7 k €	+0.4%	72,5 k €	-12.6%	82,9 k €	-11.9%	94 k €	-6.6%	100,7 k €	-19.6%	125,2 k €	+19.8%	104,5 k €	+1.5%	102,9 k €	-1.2%	104,1 k €	+0.1%	104 k €	-5.7%	110,3 k €	+32.4%	83,3 k €	+4.8%	79,4 k €	+17.5%	67,6 k €	-21.9%	86,6 k €	+39.8%	62 k €	+57.9%	39,3 k €	-16.3%	46,9 k €
Net result	59,4 k €	-13.9%	69 k €	+40.4%	49,1 k €	-1.4%	49,8 k €	-10.0%	55,3 k €	-11.7%	62,7 k €	-0.1%	62,7 k €	-17.6%	76,1 k €	+27.8%	59,6 k €	+5.6%	56,4 k €	-3.7%	58,6 k €	-0.3%	58,8 k €	-10.7%	65,9 k €	+37.4%	47,9 k €	+11.0%	43,2 k €	+21.4%	35,6 k €	-17.3%	43 k €	+69.8%	25,3 k €	+248%	7,3 k €	-31.3%	10,6 k €
Balance sheet
Equity	935,6 k €	+6.8%	876,2 k €	+8.5%	807,2 k €	+6.5%	758,1 k €	+7.0%	708,3 k €	+8.5%	653 k €	+0.6%	649,1 k €	+10.7%	586,4 k €	+14.9%	510,3 k €	+13.2%	450,7 k €	+14.3%	394,2 k €	+17.5%	335,6 k €	+21.3%	276,8 k €	+13.1%	244,6 k €	+6.2%	230,5 k €	+23.1%	187,3 k €	+23.5%	151,7 k €	+39.6%	108,7 k €	+30.4%	83,4 k €	+9.6%	76,1 k €
Total assets	1 M €	+6.5%	958,3 k €	+8.7%	881,6 k €	+1.2%	871,3 k €	+2.7%	848,2 k €	+3.9%	816,4 k €	-3.8%	848,7 k €	+0.6%	844 k €	+4.1%	810,6 k €	+3.3%	784,4 k €	+3.5%	757,7 k €	+7.0%	708,2 k €	+2.8%	689 k €	+4.3%	660,9 k €	+2.2%	646,4 k €	-5.6%	684,4 k €	-3.5%	709,3 k €	-0.3%	711,4 k €	-4.5%	744,9 k €	-0.6%	749,8 k €
Cash	272,1 k €	+18.4%	229,9 k €	-48.3%	444,5 k €	+7.3%	414,3 k €	+10.4%	375,3 k €	+10.9%	338,3 k €	+727%	40,9 k €	-53.5%	87,9 k €	-35.1%	135,5 k €	+19.9%	113 k €	+102%	56 k €	+146%	22,8 k €	+50.2%	15,2 k €	+27.2%	11,9 k €	+172%	4,4 k €	-72.3%	15,8 k €	+259%	4,4 k €	-3.0%	4,5 k €	+1884%	228,7 €	-94.8%	4,4 k €
Debts	36,3 k €	+2.2%	35,5 k €	+31.3%	27,1 k €	-59.3%	66,5 k €	-28.7%	93,3 k €	-20.1%	116,8 k €	-23.6%	152,9 k €	-25.3%	204,7 k €	-15.4%	242,1 k €	-8.2%	263,7 k €	-10.1%	293,5 k €	-3.0%	302,6 k €	-11.6%	342,3 k €	-1.2%	346,3 k €	+0.1%	345,9 k €	-19.0%	427,1 k €	-14.3%	498,3 k €	-11.4%	562,7 k €	-9.5%	621,6 k €	-4.9%	653,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

Delphine LEFEBVRE

Director · since 19 décembre 2023 · until 17 mai 2030

Active

Lucien LEFEBVRE

Managing director · since 19 décembre 2023 · until 17 mai 2030

Active

Marie Christine ALLAERT

Director · since 19 décembre 2023 · until 17 mai 2030

Active

Ended mandates

Delphine LEFEBVRE

Director · since 18 mai 2018 · until 19 décembre 2023

Ended

Delphine LEFEBVRE

Director · since 18 mai 2018 · until 17 mai 2024

Ended

Lucien LEFEBVRE

Managing director · since 18 mai 2018 · until 19 décembre 2023

Ended

Lucien LEFEBVRE

Managing director · since 18 mai 2018 · until 17 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
ASSURAL● Active	0472.573.409
BOEKHOUDKANTOOR LEFEBVRE● Active	0472.573.211

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	13/06/2025	27/05/2024	16/06/2023	06/07/2022	02/08/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/05/2026	09/06/2026	Dutch	PDF
Micro model	31/12/2024	16/05/2025	13/06/2025	Dutch	PDF
Micro model	31/12/2023	17/05/2024	27/05/2024	Dutch	PDF
Micro model	31/12/2022	19/05/2023	16/06/2023	Dutch	PDF
Micro model	31/12/2021	20/05/2022	06/07/2022	Dutch	PDF
Micro model	31/12/2020	21/05/2021	02/08/2021	Dutch	PDF
Micro model	31/12/2019	15/05/2020	21/09/2020	Dutch	PDF
Micro model	31/12/2018	17/05/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	18/05/2018	14/08/2018	Dutch	PDF
Micro model	31/12/2016	19/05/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	11/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	29/08/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	02/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	09/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	16/06/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	18/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

Delphine LEFEBVRE

Director · since 19 décembre 2023 · until 17 mai 2030

Active

Lucien LEFEBVRE

Managing director · since 19 décembre 2023 · until 17 mai 2030

Active

Marie Christine ALLAERT

Director · since 19 décembre 2023 · until 17 mai 2030

Active

Ended mandates

Delphine LEFEBVRE

Director · since 18 mai 2018 · until 19 décembre 2023

Ended

Delphine LEFEBVRE

Director · since 18 mai 2018 · until 17 mai 2024

Ended

Lucien LEFEBVRE

Managing director · since 18 mai 2018 · until 19 décembre 2023

Ended

Lucien LEFEBVRE

Managing director · since 18 mai 2018 · until 17 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2006
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202559,4 k €↓
2024
Annual accounts 202469 k €↑
2023
Annual accounts 202349,1 k €↓
2022
Annual accounts 202249,8 k €↓
2021
Annual accounts 202155,3 k €↓
2020
Annual accounts 202062,7 k €↓
2019
Annual accounts 201962,7 k €↓
2018
Annual accounts 201876,1 k €↑
2017
Annual accounts 201759,6 k €↑
2016
Annual accounts 201656,4 k €↓
2015
Annual accounts 201558,6 k €↓
2014
Annual accounts 201458,8 k €↓
2013
Annual accounts 201365,9 k €↑
2012
Annual accounts 201247,9 k €↑
2011
Annual accounts 201143,2 k €↑
2010
Annual accounts 201035,6 k €↓
2009
Annual accounts 200943 k €↑
2008
Annual accounts 200825,3 k €↑
2007
Annual accounts 20077,3 k €↓
2006
Annual accounts 200610,6 k €
14/08/2000
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IMMALEF

Overview

What does IMMALEF do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline