ACTIVE

LIMA PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

257,6 k €

+19.1% YoY

Gross margin

873,7 k €

+4.1% YoY

Equity

1,4 M €

+20.2% YoY

Workforce

2,8 ETP

+7.7% YoY

What does LIMA PROJECTS do?

LIMA PROJECTS is a Public limited company incorporated in 1979. Its registered office is in La Louvière. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.823.918

Incorporation

15/10/1979

Legal form

Public limited company

Registered office

Rue Grand Peuplier(H-A) 24
7110 La Louvière · Wallonie

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

2,8 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	873,7 k €	+4.1%	839,6 k €	-4.2%	876,4 k €	+16.0%	755,6 k €		–		–		–		4,2 M €	+18.7%	3,6 M €	+4.7%	3,4 M €	+23.1%	2,8 M €	+1.3%	2,7 M €	+33.5%	2 M €	+4.2%	2 M €	+9.1%	1,8 M €	+14.8%	1,6 M €	+3.9%	1,5 M €	-8.3%	1,6 M €	+23.6%	1,3 M €	+8.8%	1,2 M €
EBITDA	636,1 k €	+2.3%	621,9 k €	-1.6%	632,2 k €	+12.9%	560 k €	-14.5%	655,1 k €	-75.7%	2,7 M €	+7.5%	2,5 M €	+0.2%	2,5 M €	+33.5%	1,9 M €	+3.3%	1,8 M €	+29.7%	1,4 M €	+2.5%	1,4 M €	+52.8%	894,2 k €	-6.2%	952,9 k €	-10.6%	1,1 M €	+28.6%	828,3 k €	-3.3%	856,3 k €	-23.8%	1,1 M €	+30.1%	864 k €	+11.4%	775,6 k €
Operating result	352 k €	+12.7%	312,4 k €	-6.0%	332,3 k €	+38.5%	239,9 k €	-26.3%	325,6 k €	-72.2%	1,2 M €	+44.3%	811,8 k €	-29.0%	1,1 M €	+93.3%	591,1 k €	-23.2%	769,2 k €	+46.9%	523,6 k €	+3.7%	505 k €	+292%	128,8 k €	-68.8%	413,3 k €	-21.1%	524 k €	+78.5%	293,5 k €	+6.7%	275,2 k €	-42.2%	476,4 k €	+25.4%	379,8 k €	-8.6%	415,4 k €
Net result	257,6 k €	+19.1%	216,4 k €	-5.3%	228,4 k €	+48.1%	154,2 k €	-28.1%	214,6 k €	-74.8%	853 k €	+31.0%	651 k €	-20.3%	817,3 k €	+105%	399,6 k €	-16.9%	480,7 k €	+26.4%	380,2 k €	+8.0%	352,1 k €	+308%	86,4 k €	-75.9%	358,8 k €	-31.2%	521,3 k €	+73.7%	300,1 k €	+22.1%	245,9 k €	-43.1%	432,1 k €	+44.4%	299,2 k €	-6.6%	320,4 k €
Balance sheet
Equity	1,4 M €	+20.2%	1,1 M €	+19.9%	944,8 k €	+26.2%	748,5 k €	+20.0%	623,6 k €	-83.2%	3,7 M €	+24.4%	3 M €	+0.9%	3 M €	+6.9%	2,8 M €	+8.7%	2,5 M €	-1.8%	2,6 M €	+8.5%	2,4 M €	+7.7%	2,2 M €	+2.0%	2,2 M €	+53.4%	1,4 M €	+29.8%	1,1 M €	+0.9%	1,1 M €	-2.7%	1,1 M €	+2.9%	1,1 M €	+16.0%	932,3 k €
Total assets	2,3 M €	-8.9%	2,6 M €	-8.2%	2,8 M €	-8.2%	3 M €	-23.0%	4 M €	-62.0%	10,4 M €	+2.5%	10,2 M €	+7.8%	9,4 M €	+4.8%	9 M €	-1.5%	9,1 M €	+7.7%	8,5 M €	+1.7%	8,3 M €	-2.3%	8,5 M €	+65.9%	5,2 M €	+61.6%	3,2 M €	+25.7%	2,5 M €	+6.5%	2,4 M €	-25.5%	3,2 M €	+30.1%	2,5 M €	+11.9%	2,2 M €
Cash	435,3 k €	+28.3%	339,3 k €	+16.9%	290,2 k €	+155%	113,9 k €	-84.1%	715,5 k €	-65.8%	2,1 M €	+106%	1 M €	-3.6%	1,1 M €	-9.0%	1,2 M €	-10.2%	1,3 M €	+107%	622,4 k €	+22.3%	509 k €	+31.3%	387,6 k €	-23.8%	508,4 k €	-27.5%	701,1 k €	+35.6%	517 k €	+143%	212,5 k €	-40.9%	359,4 k €	+20.4%	298,4 k €	+80.8%	165 k €
Debts	975,1 k €	-31.9%	1,4 M €	-22.7%	1,9 M €	-19.4%	2,3 M €	-31.0%	3,3 M €	-50.2%	6,7 M €	-6.5%	7,2 M €	+11.2%	6,4 M €	+3.7%	6,2 M €	-5.5%	6,6 M €	+12.1%	5,9 M €	-1.2%	5,9 M €	-5.6%	6,3 M €	+113%	2,9 M €	+68.9%	1,7 M €	+21.6%	1,4 M €	+11.2%	1,3 M €	-38.0%	2,1 M €	+52.2%	1,4 M €	+10.6%	1,2 M €
Other
Workforce	2,8 ETP	+7.7%	2,6 ETP	-3.7%	2,7 ETP	+28.6%	2,1 ETP	-90.2%	21,4 ETP	-45.1%	39,0 ETP	+2.6%	38,0 ETP	+11.4%	34,1 ETP	-1.2%	34,5 ETP	+6.2%	32,5 ETP	+13.6%	28,6 ETP	+2.1%	28,0 ETP	+10.2%	25,4 ETP	+11.9%	22,7 ETP	+13.5%	20,0 ETP	+4.2%	19,2 ETP	+11.0%	17,3 ETP	+21.8%	14,2 ETP	-4.7%	14,9 ETP	+7.2%	13,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Sophie MAINIL

Director

Active

WILMA INVEST

Director · 0859.586.086

Active

Ended mandates

David LIETAR

Managing director · since 03 juin 2019 · until 01 janvier 2020

Ended

David LIETAR

Managing director · since 03 juin 2019 · until 02 juin 2025

Ended

Sophie MAINIL

Director · since 03 juin 2019 · until 02 juin 2025

Ended

WILMA INVEST

Managing director · since 03 juin 2019 · until 02 juin 2025 · 0859.586.086

Represented by David LIETAR

Ended

At this address

Other companies at this address

Company	CBE no.
LIETAR LOCATION● Active	0770.237.309
LIETAR OUTILLAGE● Active	0770.238.396
WI-LI● Active	0770.739.333

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	23/07/2026	23/07/2025	26/07/2024	28/07/2023	19/07/2022	12/07/2021
General meeting	30/06/2026	27/06/2025	27/06/2024	30/06/2023	24/06/2022	22/06/2021
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
Abridged model	31/12/2025	30/06/2026	23/07/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	23/07/2025	French	PDF
Abridged model	31/12/2023	27/06/2024	26/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	28/07/2023	French	PDF
Full model	31/12/2021	24/06/2022	19/07/2022	French	PDF
Full model	31/12/2020	22/06/2021	12/07/2021	French	PDF
Full model	31/12/2019	01/06/2020	03/08/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	09/07/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	05/06/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	10/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	18/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	08/07/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	06/08/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	29/06/2012	French	PDF
Abridged model	31/12/2010	27/06/2011	19/07/2011	French	PDF
Abridged model	31/12/2009	24/06/2010	19/07/2010	French	PDF
Abridged model	31/12/2008	22/06/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	07/07/2008	French	PDF
Abridged model	31/12/2006	27/06/2007	11/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 7 ended

Active mandates

Sophie MAINIL

Director

Active

WILMA INVEST

Director · 0859.586.086

Active

Ended mandates

David LIETAR

Managing director · since 03 juin 2019 · until 01 janvier 2020

Ended

David LIETAR

Managing director · since 03 juin 2019 · until 02 juin 2025

Ended

Sophie MAINIL

Director · since 03 juin 2019 · until 02 juin 2025

Ended

WILMA INVEST

Managing director · since 03 juin 2019 · until 02 juin 2025 · 0859.586.086

Represented by David LIETAR

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/09/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring30/06/2021
DENOMINATION - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring03/05/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates23/01/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates17/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates23/10/2013
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates04/10/2013
DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates01/08/2008
DEMISSIONS, NOMINATIONS
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 2025257,6 k €↑
2024
Annual accounts 2024216,4 k €↓
2023
Annual accounts 2023228,4 k €↑
2022
Annual accounts 2022154,2 k €↓
2021
Annual accounts 2021214,6 k €↓
2020
Annual accounts 2020853 k €↑
2020
Name changeLIMA PROJECTS
2019
Annual accounts 2019651 k €↓
2018
Annual accounts 2018817,3 k €↑
2017
Annual accounts 2017399,6 k €↓
2016
Annual accounts 2016480,7 k €↑
2015
Annual accounts 2015380,2 k €↑
2014
Annual accounts 2014352,1 k €↑
2013
Annual accounts 201386,4 k €↓
2012
Annual accounts 2012358,8 k €↓
2012
Name changeLIETAR
2011
Annual accounts 2011521,3 k €↑
2010
Annual accounts 2010300,1 k €↑
2009
Annual accounts 2009245,9 k €↓
2008
Annual accounts 2008432,1 k €↑
2007
Annual accounts 2007299,2 k €↓
2006
Annual accounts 2006320,4 k €
2006
Name changeEtablissements Paul LIETAR
15/10/1979
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

LIMA PROJECTS

Overview

What does LIMA PROJECTS 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