ACTIVE

Lips

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Financial year 2025 · closed on 31/12/2025
Net result
3,6 M €
+100.8% YoY
Revenue
39,5 M €
+7.2% YoY
Equity
4,8 M €
+51.7% YoY
Workforce
75,9 ETP
+20.7% YoY

What does Lips do?

Lips is a Public limited company incorporated in 1969. Its registered office is in Knokke-Heist. It employs on average 75,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0406.904.508
Incorporation
26/11/1969
Legal form
Public limited company
Registered office
Heistlaan 27
8301 Knokke-Heist · FlandreSee on map
Contributed capital
320 000,00 €
Latest accounts
31/12/2025
Average workforce
75,9 ETP
Joint committees (7)
  • 119
  • 1190
  • 11901
  • 11902
  • 202
  • 20201
  • 20203
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Revenue39,5 M €36,9 M €34,4 M €30,3 M €29,9 M €30,5 M €29,7 M €27,8 M €25,8 M €22,7 M €20,8 M €20,6 M €20,4 M €20,2 M €20,3 M €20,2 M €19,7 M €
EBITDA5,7 M €3,3 M €3,3 M €1,7 M €2,5 M €2,8 M €2,7 M €2,6 M €2,2 M €1,8 M €1,7 M €1,7 M €1,6 M €1,4 M €1,8 M €1,6 M €1,5 M €
Operating result4,9 M €2,5 M €2,3 M €959,8 k €1,7 M €2,1 M €2 M €1,9 M €1,5 M €1,2 M €1,4 M €1,5 M €1,4 M €1,2 M €1,5 M €1,2 M €1,1 M €
Net result3,6 M €1,8 M €1,7 M €673,6 k €1,2 M €1,6 M €1,4 M €1,3 M €950 k €771,3 k €884,7 k €1 M €928,1 k €755,5 k €1 M €821,7 k €719,4 k €
Balance sheet
Equity4,8 M €3,2 M €3,6 M €3,4 M €3,1 M €2,8 M €2,7 M €2,7 M €2,4 M €1,9 M €1,2 M €1,6 M €1,2 M €898,1 k €939,1 k €1,3 M €853,1 k €
Total assets11,6 M €9,8 M €10,4 M €9,9 M €7,3 M €7,6 M €9,8 M €11,3 M €11,2 M €11,6 M €6 M €6,4 M €4,4 M €3,7 M €3,8 M €4,3 M €3,1 M €
Cash811,2 k €1,3 M €1,5 M €1,2 M €1 M €1,5 M €1,3 M €1,7 M €1,1 M €421,1 k €1,2 M €3,1 M €2,9 M €2 M €1,8 M €2,1 M €700,6 k €
Debts6,6 M €6,4 M €6,4 M €6,1 M €3,8 M €4,4 M €6,6 M €8,2 M €8,4 M €9,2 M €4,8 M €4,8 M €3,3 M €2,8 M €2,8 M €3 M €2,2 M €
Other
Workforce75,9 ETP62,9 ETP45,8 ETP50,2 ETP74,9 ETP65,3 ETP64,2 ETP54,3 ETP53,4 ETP49,1 ETP48,5 ETP48,9 ETP48,1 ETP48,9 ETP50,6 ETP53,6 ETP52,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

BELISY

Managing director · since 24 novembre 2023 · until 24 avril 2028 · 0464.982.762

Represented by Benoit Lips

Active
SYMAX

Managing director · since 24 novembre 2023 · until 24 avril 2028 · 0809.090.559

Represented by Sylvie Lips

Active

Ended mandates

BELISY

Managing director · since 10 juin 2014 · until 04 juin 2020 · 0464.982.762

Represented by Benoit LIPS

Ended
BELISY

Managing director · since 10 juin 2014 · until 09 juin 2020 · 0464.982.762

Represented by Benoit Lips

Ended
BELISY

Managing director · since 10 juin 2014 · until 09 juin 2020 · 0464.982.762

Represented by Benoit LIPS

Ended
BELISY

Managing director · since 10 juin 2014 · until 09 juin 2020 · 0464.982.762

Represented by Benoit Lips

Ended
At this address

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0438.526.706
SYLO● Active
1031.480.677
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/05/202605/06/202527/06/202427/08/202329/08/202204/06/2021
General meeting30/04/202604/06/202528/05/202402/05/202319/05/202204/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/04/202608/05/2026DutchPDF
Full model31/12/202404/06/202505/06/2025DutchPDF
Full model31/12/202328/05/202427/06/2024DutchPDF
Full model31/12/202202/05/202327/08/2023DutchPDF
Full model31/12/202119/05/202229/08/2022DutchPDF
Full model31/12/202004/05/202104/06/2021DutchPDF
Full model31/12/201930/04/202029/05/2020DutchPDF
Full model31/12/201825/04/201902/05/2019DutchPDF
Full model31/12/201724/04/201822/05/2018DutchPDF
Full model31/12/201628/06/201713/07/2017DutchPDF
Full model31/12/201507/06/201613/06/2016DutchPDF
Full model31/12/201421/04/201506/10/2015DutchPDF
Full model31/12/201310/06/201418/07/2014DutchPDF
Full model31/12/201210/06/201312/06/2013DutchPDF
Full model31/12/201104/06/201208/06/2012DutchPDF
Full model31/12/201007/06/201116/08/2011DutchPDF
Full model31/12/200904/06/201014/06/2010DutchPDF
Full model31/12/200803/07/200906/07/2009DutchPDF
Full model31/12/200723/06/200814/07/2008DutchPDF
Full model31/12/200605/06/200707/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 active · 20 ended

Active mandates

BELISY

Managing director · since 24 novembre 2023 · until 24 avril 2028 · 0464.982.762

Represented by Benoit Lips

Active
SYMAX

Managing director · since 24 novembre 2023 · until 24 avril 2028 · 0809.090.559

Represented by Sylvie Lips

Active

Ended mandates

BELISY

Managing director · since 10 juin 2014 · until 04 juin 2020 · 0464.982.762

Represented by Benoit LIPS

Ended
BELISY

Managing director · since 10 juin 2014 · until 09 juin 2020 · 0464.982.762

Represented by Benoit Lips

Ended
BELISY

Managing director · since 10 juin 2014 · until 09 juin 2020 · 0464.982.762

Represented by Benoit LIPS

Ended
BELISY

Managing director · since 10 juin 2014 · until 09 juin 2020 · 0464.982.762

Represented by Benoit Lips

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/08/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/08/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/07/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/05/2011
    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

Timeline

  1. 2025
    Annual accounts 20253,6 M €↑
  2. 2024
    Annual accounts 20241,8 M €↑
  3. 2023
    Annual accounts 20231,7 M €↑
  4. 2022
    Annual accounts 2022673,6 k €↓
  5. 2021
    Annual accounts 20211,2 M €↓
  6. 2020
    Annual accounts 20201,6 M €↑
  7. 2019
    Annual accounts 20191,4 M €↑
  8. 2018
    Annual accounts 20181,3 M €↑
  9. 2017
    Annual accounts 2017950 k €↑
  10. 2016
    Annual accounts 2016771,3 k €↓
  11. 2015
    Annual accounts 2015884,7 k €↓
  12. 2014
    Annual accounts 20141 M €↑
  13. 2013
    Annual accounts 2013928,1 k €↑
  14. 2012
    Annual accounts 2012755,5 k €↓
  15. 2011
    Annual accounts 20111 M €↑
  16. 2010
    Annual accounts 2010821,7 k €↑
  17. 2009
    Annual accounts 2009719,4 k €
  18. 26/11/1969
    IncorporationPublic limited company