ACTIVE

Vlaamse Vervoermaatschappij - De Lijn

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result20,4 k €-91,2 %over 1 year

Revenue1,4 Md €-0,3 %over 1 year

Equity2,3 Md €+4,2 %over 1 year

Workforce7 637,1 ETP-0,5 %over 1 year

Identity

Source · BCE/KBO

Vlaamse Vervoermaatschappij - De Lijn is a Authorities of the Flemish Region and the Flemish Community incorporated in 1990. Its main activity is: Urban and suburban passenger land transport. Its registered office is in Mechelen. It employs on average 7 637,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0242.069.537
Incorporation: 31/07/1990
Legal form: Authorities of the Flemish Region and the Flemish Community
Registered office: Motstraat 20
2800 Mechelen · FlandreSee on map
Contributed capital: 53 951 025,00 €
Latest accounts: 31/12/2025
Average workforce: 7 637,1 ETP

Activities (NACE)

49310Urban and suburban passenger land transport· main 49310Urban and suburban passenger land transport 60212Television programming and broadcasting activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 40 filings

Trend over 13 financial years

	2025		2024		2023		2020		2017
Income statement
Revenue	1,4 Md €	-0.3%	1,4 Md €	+8.3%	1,3 Md €	+23.0%	1,1 Md €	+3.1%	1 Md €
EBITDA	33 M €	-18.7%	40,6 M €	+112%	19,1 M €	-59.8%	47,5 M €	+5.8%	44,9 M €
Operating result	-130,7 M €	+12.6%	-149,5 M €	+10.6%	-167,2 M €	-52.0%	-110 M €	-20.1%	-91,6 M €
Net result	20,4 k €	-91.2%	233 k €	+101%	-29,1 M €	-132852%	22 k €	+39.0%	15,8 k €
Balance sheet
Equity	2,3 Md €	+4.2%	2,2 Md €	+3.6%	2,1 Md €	+12.3%	1,9 Md €	+10.0%	1,7 Md €
Total assets	3,1 Md €	+3.6%	3 Md €	-2.1%	3 Md €	+14.2%	2,7 Md €	+2.9%	2,6 Md €
Cash	178,1 k €	-97.8%	8,2 M €	+2425%	322,9 k €	-99.7%	124 M €	+14587%	844,5 k €
Debts	614,3 M €	+4.3%	588,9 M €	-18.1%	718,8 M €	+24.5%	577,4 M €	-9.6%	639 M €
Other
Workforce	7 637,1 ETP	-0.5%	7 675,4 ETP	+1.3%	7 578,6 ETP	+2.7%	7 379,7 ETP	-2.7%	7 585,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 29 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christine Berwaerts	Directorsince 01/12/2025
Cathy Coudyser	Directorsince 08/08/2025
Jef Van den Bergh	Directorsince 08/08/2025
Jochen Goekint	Directorsince 08/08/2025Waarnemer13/01/2023 → 08/08/2025ended
Peter Hertog	Waarnemersince 08/08/2025Director13/01/2023 → 08/08/2025ended
Sven Desmedt	Waarnemersince 08/08/2025
Koen Kennis	Vice-chairman of the board of directorssince 24/05/2025
Joris Vandenbroucke	Chairman of the board of directorssince 24/04/2025
Marc Descheemaecker	Directorsince 24/04/2025Vice-chairman of the board of directors01/05/2020 → 24/04/2025endedChairman of the board of directorssince 24/01/2015ended
Tom Dehaene	Directorsince 24/04/2025
Johan Decuyper	Directorsince 12/07/2023
Rachel Lamock	Directorsince 12/07/2023
Jo Van der Herten	Andere functiesince 02/04/2021
Stan Reusen	Andere functiesince 04/12/2020
Evelien Putman	Directorsince 24/01/2018

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Johan Sauwens	Director24/04/2025 → 08/08/2025
Katleen Vantyghem	Director24/09/2021 → 08/08/2025
Erik Quisthoudt	Waarnemer15/05/2020 → 08/08/2025

Other companies at this address

Motstraat 20 2800 Mechelen

Company	CBE no.
IBP DE LIJN● Active	0451.188.768
LijnCom● Active	0882.998.819
Mobiliteitserfgoed Tram en Autobus● Active	0899.881.272

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Consolidated accounts	Consolidated accounts	Consolidated accounts
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	08/06/2026	17/06/2025	04/06/2024	30/06/2023	12/07/2022	28/07/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	30/05/2023	31/05/2022	25/05/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 40 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	27/05/2025	17/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	27/05/2025	27/08/2025	Dutch	PDF
Full model	31/12/2023	28/05/2024	04/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	28/05/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	30/05/2023	12/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	30/05/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	31/05/2022	09/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	31/05/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	02/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	25/05/2021	28/07/2021	Dutch	PDF
Full modelCorrection	31/12/2019	26/05/2020	19/05/2021	Dutch	PDF
Full model	31/12/2019	26/05/2020	10/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	26/05/2020	12/10/2020	Dutch	PDF
Full model	31/12/2018	28/05/2019	18/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	27/05/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	29/05/2018	01/06/2018	Dutch	PDF
Consolidated accountsCorrection	31/12/2017	28/05/2018	28/08/2018	Dutch	PDF
Consolidated accounts	31/12/2017	28/05/2018	17/08/2018	Dutch	PDF
Full model	31/12/2016	30/05/2017	08/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	30/05/2017	24/08/2017	Dutch	PDF
Full model	31/12/2015	31/05/2016	13/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	31/05/2016	25/08/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	03/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	26/05/2015	02/07/2015	Dutch	PDF
Full model	31/12/2013	27/05/2014	28/05/2014	Dutch	PDF
Consolidated accounts	31/12/2013	27/05/2014	28/05/2014	Dutch	PDF
Full model	31/12/2012	28/05/2013	09/07/2013	Dutch	PDF
Consolidated accounts	31/12/2012	28/05/2013	03/07/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	22/06/2012	Dutch	PDF
Consolidated accounts	31/12/2011	29/05/2012	22/06/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	22/06/2011	Dutch	PDF
Consolidated accounts	31/12/2010	31/05/2011	22/06/2011	Dutch	PDF
Full model	31/12/2009	25/05/2010	18/06/2010	Dutch	PDF
Consolidated accounts	31/12/2009	25/05/2010	23/06/2010	Dutch	PDF
Full model	31/12/2008	26/05/2009	25/06/2009	Dutch	PDF
Consolidated accounts	31/12/2008	26/05/2009	25/06/2009	Dutch	PDF
Full model	31/12/2007	27/05/2008	18/06/2008	Dutch	PDF
Consolidated accounts	31/12/2007	27/05/2008	09/07/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	21/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 29 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christine Berwaerts	Directorsince 01/12/2025
Cathy Coudyser	Directorsince 08/08/2025
Jef Van den Bergh	Directorsince 08/08/2025
Jochen Goekint	Directorsince 08/08/2025Waarnemer13/01/2023 → 08/08/2025ended
Peter Hertog	Waarnemersince 08/08/2025Director13/01/2023 → 08/08/2025ended
Sven Desmedt	Waarnemersince 08/08/2025
Koen Kennis	Vice-chairman of the board of directorssince 24/05/2025
Joris Vandenbroucke	Chairman of the board of directorssince 24/04/2025
Marc Descheemaecker	Directorsince 24/04/2025Vice-chairman of the board of directors01/05/2020 → 24/04/2025endedChairman of the board of directorssince 24/01/2015ended
Tom Dehaene	Directorsince 24/04/2025
Johan Decuyper	Directorsince 12/07/2023
Rachel Lamock	Directorsince 12/07/2023
Jo Van der Herten	Andere functiesince 02/04/2021
Stan Reusen	Andere functiesince 04/12/2020
Evelien Putman	Directorsince 24/01/2018

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Johan Sauwens	Director24/04/2025 → 08/08/2025
Katleen Vantyghem	Director24/09/2021 → 08/08/2025
Erik Quisthoudt	Waarnemer15/05/2020 → 08/08/2025

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other07/11/2024
DIVERSEN
PDF
Other12/09/2023
DIVERSEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

Christine Berwaerts

Cathy Coudyser

Sven Desmedt

Peter Hertog

Jef Van den Bergh

Jochen Goekint

Koen Kennis

Marc Descheemaecker

Joris Vandenbroucke

Tom Dehaene

Johan Decuyper

Rachel Lamock

and 30 more mandates

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Vlaamse Vervoermaatschappij - De Lijn

Motstraat 20, 2800 Mechelen

Director

Waarnemer

Vice-chairman of the board of directors

DirectorVice-chairman of the board of directors

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Motstraat 20, 2800 MechelenCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00148468

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Vlaamse Vervoermaatschappij - De LijnCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00148468

Events

2025
Annual accounts 202520,4 k €↓
2024
Annual accounts 2024233 k €↑
2023
Annual accounts 2023-29,1 M €↓
2020
Annual accounts 202022 k €↑
2017
Annual accounts 201715,8 k €↑
2014
Annual accounts 2014
2013
Annual accounts 2013
2011
Annual accounts 2011-19 M €
2010
Annual accounts 2010
2009
Annual accounts 2009
2008
Annual accounts 2008
2007
Annual accounts 2007
2006
Annual accounts 2006
31/07/1990
IncorporationAuthorities of the Flemish Region and the Flemish Community

Vlaamse Vervoermaatschappij - De Lijn

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events