ACTIVE

Lesuco

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Financial year 2025 · closed on 31/12/2025

Net result

2,2 M €

-35.6% YoY

Revenue

19 M €

-13.1% YoY

Equity

3,1 M €

-28.2% YoY

Workforce

26,1 ETP

+4.0% YoY

What does Lesuco do?

Lesuco is a Public limited company incorporated in 1977. Its registered office is in Huldenberg. It employs on average 26,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.053.082

Incorporation

01/01/1977

Legal form

Public limited company

Registered office

Leuvensebaan(SAR) 317
3040 Huldenberg · FlandreSee on map

Contributed capital

310 000,00 €

Latest accounts

31/12/2025

Average workforce

26,1 ETP

Joint committees (3)

Contacts

1 public detail availableLog in to view

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 15 financial years

	2025		2024		2023		2022		2021		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	19 M €	-13.1%	21,9 M €	-17.8%	26,6 M €	+33.2%	20 M €	+31.7%	15,2 M €	+6.5%	14,2 M €	+19.6%	11,9 M €	+11.7%	10,6 M €	-23.9%	14 M €	-9.6%	15,5 M €	+53.7%	10,1 M €	-37.7%	16,2 M €	+72.8%	9,4 M €	-28.5%	13,1 M €	-1.7%	13,3 M €
EBITDA	3 M €	-39.1%	4,9 M €	-6.8%	5,2 M €	+31.4%	4 M €	+58.0%	2,5 M €	+78.7%	1,4 M €	+128%	616,2 k €	-2.6%	632,6 k €	-56.0%	1,4 M €	+35.4%	1,1 M €	-26.6%	1,4 M €	+27.5%	1,1 M €	+287%	293,3 k €	-74.7%	1,2 M €	-9.5%	1,3 M €
Operating result	3 M €	-33.9%	4,6 M €	-11.0%	5,1 M €	+33.1%	3,9 M €	+57.0%	2,5 M €	+86.7%	1,3 M €	+151%	525,2 k €	-1.0%	530,7 k €	-60.2%	1,3 M €	+36.5%	977,3 k €	-26.4%	1,3 M €	+25.8%	1,1 M €	+453%	190,9 k €	-82.4%	1,1 M €	-11.3%	1,2 M €
Net result	2,2 M €	-35.6%	3,4 M €	-9.4%	3,7 M €	+32.2%	2,8 M €	+59.0%	1,8 M €	+120%	809,5 k €	+185%	283,9 k €	+1.6%	279,5 k €	-64.8%	794 k €	+41.5%	561,1 k €	-29.8%	798,7 k €	+20.3%	663,7 k €	+1201%	51 k €	-92.4%	668,9 k €	-8.0%	727,1 k €
Balance sheet
Equity	3,1 M €	-28.2%	4,3 M €	-7.6%	4,6 M €	+24.4%	3,7 M €	+39.2%	2,7 M €	+196%	904,6 k €	-0.0%	904,9 k €	-0.1%	905,6 k €	-0.1%	906,1 k €	-0.1%	907,2 k €	+10.7%	819,8 k €	+1.2%	810,1 k €	+8.0%	750,2 k €	-45.2%	1,4 M €	-4.2%	1,4 M €
Total assets	6,5 M €	-25.5%	8,8 M €	+1.8%	8,6 M €	+5.8%	8,1 M €	+36.2%	6 M €	+60.8%	3,7 M €	-15.7%	4,4 M €	+46.8%	3 M €	-25.7%	4 M €	-34.7%	6,2 M €	+30.4%	4,7 M €	-7.6%	5,1 M €	+58.9%	3,2 M €	-22.2%	4,2 M €	-33.4%	6,2 M €
Cash	914,1 k €	-53.7%	2 M €	+23.8%	1,6 M €	+775%	182,4 k €	-33.4%	273,7 k €	-27.1%	375,3 k €	+239%	110,6 k €	-73.8%	422,3 k €	+84.7%	228,7 k €	-60.5%	579 k €	+18.3%	489,6 k €	+124%	218,2 k €	+102%	108,2 k €	+226%	33,2 k €	-97.9%	1,5 M €
Debts	3,2 M €	-22.0%	4,1 M €	+7.7%	3,8 M €	-10.7%	4,2 M €	+33.5%	3,2 M €	+19.9%	2,6 M €	-20.6%	3,3 M €	+74.6%	1,9 M €	-35.3%	2,9 M €	-42.3%	5,1 M €	+36.2%	3,8 M €	-3.6%	3,9 M €	+66.0%	2,3 M €	-10.8%	2,6 M €	-41.6%	4,5 M €
Other
Workforce	26,1 ETP	+4.0%	25,1 ETP	+4.6%	24,0 ETP	-1.6%	24,4 ETP	+4.3%	23,4 ETP	-11.7%	26,5 ETP	0.0%	26,5 ETP	-9.6%	29,3 ETP	-3.3%	30,3 ETP	+4.5%	29,0 ETP	+15.1%	25,2 ETP	-10.0%	28,0 ETP	-1.4%	28,4 ETP	-3.7%	29,5 ETP	+1.0%	29,2 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

Didier SEGHERS

Managing director · since 30 janvier 2021 · until 30 janvier 2027

Active

Pierre-Antoine MALOU

Managing director · since 30 janvier 2021 · until 30 janvier 2027

Active

Ended mandates

Didier Seghers

Director · since 30 janvier 2021 · until 30 janvier 2027

Ended

Pierre-Antoine Malou

Director · since 30 janvier 2021 · until 30 janvier 2027

Ended

Thomas HIRSCHLAND

Director · since 30 janvier 2021 · until 23 septembre 2022

Ended

Thomas HIRSCHLAND

Director · since 30 janvier 2021 · until 30 janvier 2027

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	31/07/2026	18/07/2025	19/08/2024	04/07/2023	01/08/2022	02/07/2021
General meeting	26/06/2026	30/06/2025	08/08/2024	30/06/2023	30/06/2022	30/06/2021
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
Full model	31/12/2025	26/06/2026	31/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	18/07/2025	Dutch	PDF
Full model	31/12/2023	08/08/2024	19/08/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	01/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	02/07/2021	Dutch	PDF
Full model	31/12/2019	13/07/2020	30/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	12/06/2018	13/06/2018	Dutch	PDF
Full model	31/12/2016	30/05/2017	19/06/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	23/05/2014	30/05/2014	Dutch	PDF
Full model	31/12/2012	27/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	22/06/2012	27/07/2012	Dutch	PDF
Full model	31/12/2010	17/06/2011	08/08/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	19/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	23/07/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	31/07/2008	Dutch	PDF
Full model	31/12/2006	16/06/2007	23/07/2007	Dutch	PDF

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

Didier SEGHERS

Managing director · since 30 janvier 2021 · until 30 janvier 2027

Active

Pierre-Antoine MALOU

Managing director · since 30 janvier 2021 · until 30 janvier 2027

Active

Ended mandates

Didier Seghers

Director · since 30 janvier 2021 · until 30 janvier 2027

Ended

Pierre-Antoine Malou

Director · since 30 janvier 2021 · until 30 janvier 2027

Ended

Thomas HIRSCHLAND

Director · since 30 janvier 2021 · until 23 septembre 2022

Ended

Thomas HIRSCHLAND

Director · since 30 janvier 2021 · until 30 janvier 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates28/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2019
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 20252,2 M €↓
2024
Annual accounts 20243,4 M €↓
2023
Annual accounts 20233,7 M €↑
2022
Annual accounts 20222,8 M €↑
2021
Annual accounts 20211,8 M €↑
2015
Annual accounts 2015809,5 k €↑
2014
Annual accounts 2014283,9 k €↑
2013
Annual accounts 2013279,5 k €↓
2012
Annual accounts 2012794 k €↑
2011
Annual accounts 2011561,1 k €↓
2010
Annual accounts 2010798,7 k €↑
2009
Annual accounts 2009663,7 k €↑
2008
Annual accounts 200851 k €↓
2007
Annual accounts 2007668,9 k €↓
2006
Annual accounts 2006727,1 k €
01/01/1977
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

Lesuco

Overview

What does Lesuco do?

Trend over 15 financial years

Indicative valuation

Board of directors

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