ACTIVE

LCEBE

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Financial year 2025 · Closed on 31/12/2025

Net result496,4 k €+302,0 %over 1 year

Gross margin6,7 M €+25,1 %over 1 year

Equity68,6 M €-0,0 %over 1 year

Workforce4,8 ETP+11,6 %over 1 year

Identity

Source · BCE/KBO

LCEBE is a Public limited company incorporated in 1980. Its main activity is: Development of building projects. Its registered office is in Auderghem. It employs on average 4,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0420.832.520
Incorporation: 09/07/1980
Legal form: Public limited company
Registered office: Drève du Prieuré 25
1160 Auderghem · BruxellesSee on map
Contributed capital: 17 382 930,00 €
Latest accounts: 31/12/2025
Average workforce: 4,8 ETP

Activities (NACE)

41102Development of building projects· main 68122Buying and selling of own real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70112Activities of head offices 70203Management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	6,7 M €	+25.1%	5,4 M €	+12.2%	4,8 M €	-77.5%	21,3 M €	+374%	4,5 M €
EBITDA	4,8 M €	+31.5%	3,6 M €	+23.1%	2,9 M €	-85.1%	19,8 M €	+545%	3,1 M €
Operating result	993,2 k €	+1869%	50,5 k €	+107%	-688,7 k €	-104%	16,9 M €	+19266%	87,2 k €
Net result	496,4 k €	+302%	123,5 k €	+125%	-486,4 k €	-104%	12,7 M €	+7380%	170 k €
Balance sheet
Equity	68,6 M €	-0.0%	68,6 M €	+0.4%	68,4 M €	-0.6%	68,8 M €	+22.5%	56,1 M €
Total assets	103,3 M €	+4.1%	99,2 M €	+1.5%	97,7 M €	+12.4%	87 M €	+20.1%	72,4 M €
Cash	134,1 k €	+23.7%	108,5 k €	+101%	53,9 k €	-98.6%	3,9 M €	+719%	477,4 k €
Debts	30,6 M €	+15.7%	26,5 M €	+5.5%	25,1 M €	+82.5%	13,8 M €	-14.1%	16 M €
Other
Workforce	4,8 ETP	+11.6%	4,3 ETP	+7.5%	4,0 ETP	+100%	2,0 ETP	0.0%	2,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Baudouin Paquot0840.859.940Represented by Baudouin Paquot	Director30/06/2025 → 26/06/2031
Deux L0838.177.295Represented by Yaël Lloret	Director30/06/2025 → 26/06/2031
LPB0890.097.635Represented by Laurent Puissant	Director30/06/2025 → 26/06/2031
Mathilde ZURSTRASSEN	Director29/07/2019 → 26/06/2031
Vincent Doumier0502.670.529Represented by Vincent Doumier	Director30/06/2025 → 26/06/2031
Gaël CRUYSMANS	Director04/09/2023 → 28/06/2029
Clémence de BELLEFROID	Director25/09/2012 → 24/06/2027
Juliette de BELLEFROID	Director25/09/2012 → 24/06/2027
Sophie LE CLERCQ	Managing director27/04/2006 → 24/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thérèse Blaton	Director22/10/2018 → 2019 accountsManaging director03/06/2014 → 2018 accounts

Other companies at this address

Drève du Prieuré 25 1160 Auderghem

Company	CBE no.
AMELIE ZURSTRASSEN● Active	1021.178.287
BEABSTRACT● Active	0713.604.947
CDB DEVELOPMENT● Active	0793.708.339
CLZ● Active	0793.707.943
DBZ HOLDING● Active	0793.836.815
DIA IMMO● Active	0792.616.001
Domaine de Montjumont● Active	0785.734.345
Fondation JCMLA● Active	1017.248.007
Hamoir 8● Active	0759.944.223
JCMLA HOLDING● Active	0686.855.020
JCX GESTION● Active	0467.537.822
JCX IMMO● Active	0454.019.089
JDB DEVELOPMENT● Active	0793.708.438
LES COMPTOIRS DES DAVIDS● Active	0744.936.739
LES DAVIDS● Active	0845.485.058
MATINAL● Active	0799.875.361
OUDI● Active	0793.707.547
THE NESTWORK● Active	0716.755.170
Unité TVA DUKE● Active	0744.901.996

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	06/07/2026	22/07/2025	18/07/2024	27/07/2023	18/07/2022	28/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	06/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	22/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	18/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	27/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	18/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	28/07/2021	French	PDF
Abridged model	31/12/2019	08/10/2020	02/11/2020	French	PDF
Abridged modelCorrection	31/12/2018	29/07/2019	20/12/2019	French	PDF
Abridged model	31/12/2018	29/07/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	22/10/2018	31/10/2018	French	PDF
Abridged model	31/12/2016	12/12/2017	12/12/2017	French	PDF
Abridged model	31/12/2015	05/10/2016	05/10/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	08/06/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	12/06/2014	French	PDF
Abridged model	31/12/2012	02/09/2013	04/09/2013	French	PDF
Abridged model	31/12/2011	25/09/2012	25/09/2012	French	PDF
Abridged model	31/12/2010	07/11/2011	07/11/2011	French	PDF
Abridged model	31/12/2009	15/11/2010	24/11/2010	French	PDF
Abridged model	31/12/2008	14/05/2009	30/07/2009	French	PDF
Abridged model	31/12/2007	24/04/2008	18/08/2008	French	PDF
Abridged model	31/12/2006	26/04/2007	20/09/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Baudouin Paquot0840.859.940Represented by Baudouin Paquot	Director30/06/2025 → 26/06/2031
Deux L0838.177.295Represented by Yaël Lloret	Director30/06/2025 → 26/06/2031
LPB0890.097.635Represented by Laurent Puissant	Director30/06/2025 → 26/06/2031
Mathilde ZURSTRASSEN	Director29/07/2019 → 26/06/2031
Vincent Doumier0502.670.529Represented by Vincent Doumier	Director30/06/2025 → 26/06/2031
Gaël CRUYSMANS	Director04/09/2023 → 28/06/2029
Clémence de BELLEFROID	Director25/09/2012 → 24/06/2027
Juliette de BELLEFROID	Director25/09/2012 → 24/06/2027
Sophie LE CLERCQ	Managing director27/04/2006 → 24/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thérèse Blaton	Director22/10/2018 → 2019 accountsManaging director03/06/2014 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring17/08/2026
OPERATION ASSIMILEE A UNE FUSION PAR ABSORPTION DE LA
PDF
Restructuring29/05/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates24/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates14/10/2025
DEMISSIONS, NOMINATIONS
PDF
Restructuring13/01/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring06/11/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other21/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates07/12/2023
DEMISSIONS, NOMINATIONS
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

Filings18 filings

Mandates

Vincent Doumier

Deux L

Baudouin Paquot

LPB

Mathilde ZURSTRASSEN

Gaël CRUYSMANS

Sophie LE CLERCQ

Clémence de BELLEFROID

Juliette de BELLEFROID

Thérèse Blaton

Patrick Horlait

COGERIMO

1980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

LCEBE

Drève du Prieuré 25, 1160 Auderghem

Director

Managing director

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Drève du Prieuré 25, 1160 AuderghemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00270455

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
LCEBECurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00270455

Events

2025
Annual accounts 2025496,4 k €↑
13/11/2025
nominationGaël Cruysmans · administrateur
30/06/2025
reconductionMathilde Zurstrassen · administrateur
30/06/2025
nominationVincent Doumier srl · administrateur
30/06/2025
nominationDeux L srt · administrateur
30/06/2025
nominationLPM srl · administrateur
30/06/2025
nominationBaudouin Paquot srl · administrateur
2024
Annual accounts 2024123,5 k €↑
2023
Annual accounts 2023-486,4 k €↓
04/09/2023
nominationGaël Cruysmans · administrateur
2022
Annual accounts 202212,7 M €↑
2021
Annual accounts 2021170 k €↓
2020
Annual accounts 2020248,8 k €↓
2019
Annual accounts 20191,1 M €↑
2018
Annual accounts 2018424,9 k €↓
2017
Annual accounts 2017909,5 k €↓
2016
Annual accounts 20164,9 M €↑
2015
Annual accounts 2015719,7 k €↓
2014
Annual accounts 20141,1 M €↓
2013
Annual accounts 20131,2 M €↑
2012
Annual accounts 20121,1 M €↓
2011
Annual accounts 20111,2 M €↓
2010
Annual accounts 20102,4 M €↓
2009
Annual accounts 20093,2 M €↑
2008
Annual accounts 20082,3 M €
09/07/1980
IncorporationPublic limited company

LCEBE

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