ACTIVE

TLD LEBRUN

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Financial year 2025 · closed on 31/12/2025

Net result

-4,5 M €

-567.3% YoY

Revenue

46,5 M €

+9.6% YoY

Equity

1,2 M €

-79.0% YoY

Workforce

188,8 ETP

+13.5% YoY

What does TLD LEBRUN do?

TLD LEBRUN is a Public limited company incorporated in 1980. Its registered office is in Frameries. It employs on average 188,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.297.922

Incorporation

12/01/1980

Legal form

Public limited company

Registered office

Rue Achile Degrace 1 box A
7080 Frameries · WallonieSee on map

Contributed capital

8 166 976,48 €

Latest accounts

31/12/2025

Average workforce

188,8 ETP

Joint committees (3)

14904
200
218

Signals

Good liquidityHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Revenue	46,5 M €	+9.6%	42,4 M €	-10.2%	47,3 M €	+59.1%	29,7 M €	+105%	14,5 M €	-10.3%	16,1 M €	-36.8%	25,5 M €	+85.0%	13,8 M €	-53.1%	29,4 M €	+13.8%	25,8 M €	+48.9%	17,4 M €	+75.8%	9,9 M €	+3.5%	9,5 M €	+15.6%	8,3 M €	+66.6%	5 M €	-17.2%	6 M €	-3.3%	6,2 M €	-1.2%	6,3 M €	+32.5%	4,7 M €
EBITDA	-1,5 M €	-286%	803,4 k €	-70.2%	2,7 M €	+172%	-3,7 M €	-174%	-1,4 M €	-347%	-305,1 k €	+26.1%	-412,7 k €	-126%	1,6 M €	-74.0%	6,2 M €	+260%	1,7 M €	-7.6%	1,9 M €	+325%	440,4 k €	+1.9%	432 k €	-30.0%	617,3 k €	+128%	270,9 k €	-43.1%	475,7 k €	+8.0%	440,3 k €	-27.9%	610,9 k €	+115%	284,8 k €
Operating result	-3,9 M €	-3943%	-96,1 k €	-108%	1,2 M €	+126%	-4,6 M €	-98.2%	-2,3 M €	-29.5%	-1,8 M €	-21.0%	-1,5 M €	-149%	3 M €	-30.3%	4,3 M €	+197%	1,4 M €	-6.4%	1,5 M €	+4199%	35,9 k €	+222%	-29,4 k €	-948%	3,5 k €	+102%	-206,9 k €	-353%	81,6 k €	+81.7%	44,9 k €	-84.0%	280,4 k €	+128%	122,9 k €
Net result	-4,5 M €	-567%	-671,5 k €	-171%	940,2 k €	+120%	-4,8 M €	-98.3%	-2,4 M €	-23.8%	-1,9 M €	-34.1%	-1,5 M €	-168%	2,1 M €	-32.2%	3,2 M €	+254%	891,9 k €	-36.3%	1,4 M €	+1552%	84,8 k €	+552%	13 k €	-81.1%	68,9 k €	+202%	-67,8 k €	-169%	-25,1 k €	-482%	6,6 k €	+33.0%	5 k €	-50.3%	10 k €
Balance sheet
Equity	1,2 M €	-79.0%	5,7 M €	-11.0%	6,4 M €	+356%	-2,5 M €	-216%	2,2 M €	-52.4%	4,6 M €	-30.3%	6,5 M €	-17.3%	7,9 M €	+33.3%	5,9 M €	+113%	2,8 M €	+49.8%	1,9 M €	+411%	363,9 k €	+11.7%	325,9 k €	-73.7%	1,2 M €	-1.6%	1,3 M €	+42.2%	884,6 k €	-2.8%	910,2 k €	+0.6%	904,5 k €	+0.6%	899,5 k €
Total assets	31,5 M €	-7.9%	34,2 M €	-0.8%	34,5 M €	+36.9%	25,2 M €	+11.1%	22,7 M €	-1.3%	22,9 M €	-2.3%	23,5 M €	+40.3%	16,7 M €	-12.9%	19,2 M €	-30.8%	27,8 M €	+59.6%	17,4 M €	+72.5%	10,1 M €	+97.1%	5,1 M €	-34.8%	7,9 M €	+27.2%	6,2 M €	+20.2%	5,1 M €	+14.5%	4,5 M €	+18.3%	3,8 M €	-19.7%	4,7 M €
Cash	1,8 M €	-48.6%	3,4 M €	+4.1%	3,3 M €	+73.5%	1,9 M €	-6.7%	2 M €	-55.9%	4,6 M €	+63.2%	2,8 M €	-49.0%	5,5 M €	-36.7%	8,7 M €	+89.8%	4,6 M €	+371%	973,3 k €	+52.3%	638,9 k €	-17.3%	772,1 k €	+53.0%	504,5 k €	+49.3%	337,8 k €	-45.1%	615,8 k €	+15.3%	534,2 k €	+66.3%	321,2 k €	-42.4%	557,6 k €
Debts	29,2 M €	+5.6%	27,6 M €	+1.2%	27,3 M €	+0.6%	27,1 M €	+34.7%	20,1 M €	+10.9%	18,2 M €	+10.4%	16,4 M €	+97.6%	8,3 M €	-28.7%	11,7 M €	-46.1%	21,7 M €	+41.1%	15,4 M €	+60.3%	9,6 M €	+106%	4,7 M €	-28.4%	6,5 M €	+35.3%	4,8 M €	+22.9%	3,9 M €	+18.6%	3,3 M €	+24.5%	2,6 M €	-28.3%	3,7 M €
Other
Workforce	188,8 ETP	+13.5%	166,4 ETP	-0.7%	167,6 ETP	+54.2%	108,7 ETP	+16.1%	93,6 ETP	-8.2%	102,0 ETP	+36.2%	74,9 ETP	+55.4%	48,2 ETP	+0.6%	47,9 ETP	-0.8%	48,3 ETP	+1.0%	47,8 ETP	-3.0%	49,3 ETP	+7.2%	46,0 ETP	-4.8%	48,3 ETP	+9.8%	44,0 ETP	-3.1%	45,4 ETP	+0.2%	45,3 ETP	+0.2%	45,2 ETP	+12.4%	40,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 24 ended

Active mandates

François CHAIGNON

Managing director · since 01 avril 2026 · until 10 mai 2029

Active

Valentin SCHMITT

Director · since 01 octobre 2024 · until 10 mai 2029

Active

Nicolas VERIN

Managing director · since 14 mai 2021 · until 01 avril 2026

Active

Erwan JALIL

Director · since 20 décembre 2018 · until 10 mai 2029

Active

Maxime MAHIEU

Chairman of the board of directors · since 20 décembre 2018 · until 10 mai 2029

Active

Ended mandates

Nicolas VERIN

Managing director · since 14 mai 2021 · until 09 mai 2024

Ended

Nicolas VERIN

Managing director · since 14 mai 2021 · until 10 mai 2029

Ended

Antoine MAGUIN

Director · since 20 décembre 2018 · until 09 mai 2024

Ended

Antoine MAGUIN

Director · since 20 décembre 2018 · until 01 octobre 2024

Ended

At this address

Other companies at this address

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SMART AIRPORT SYSTEMS BELGIUM● Active	1028.115.371

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	10/06/2026	23/05/2025	15/05/2024	09/06/2023	21/06/2022	18/06/2021
General meeting	14/05/2026	08/05/2025	09/05/2024	11/05/2023	12/05/2022	14/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	14/05/2026	10/06/2026	French	PDF
Full model	31/12/2024	08/05/2025	23/05/2025	French	PDF
Full model	31/12/2023	09/05/2024	15/05/2024	French	PDF
Full model	31/12/2022	11/05/2023	09/06/2023	French	PDF
Full model	31/12/2021	12/05/2022	21/06/2022	French	PDF
Full model	31/12/2020	14/05/2021	18/06/2021	French	PDF
Full model	31/12/2019	14/05/2020	10/08/2020	French	PDF
Full model	31/12/2018	28/06/2019	07/01/2020	French	PDF
Full modelCorrection	31/12/2017	11/05/2018	27/11/2018	French	PDF
Full model	31/12/2017	11/05/2018	10/09/2018	French	PDF
Full model	31/12/2016	11/05/2017	14/09/2017	French	PDF
Full model	31/12/2015	12/05/2016	29/09/2016	French	PDF
Full model	31/12/2014	15/05/2015	11/06/2015	French	PDF
Abridged model	31/12/2013	08/05/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	10/05/2013	08/08/2013	French	PDF
Abridged model	31/12/2011	10/05/2012	14/06/2012	French	PDF
Abridged model	31/12/2010	12/05/2011	21/06/2011	French	PDF
Abridged model	31/12/2009	17/05/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	14/05/2009	05/10/2009	French	PDF
Abridged model	31/12/2007	09/05/2008	28/08/2008	French	PDF
Abridged modelCorrection	31/12/2006	10/05/2007	19/11/2007	French	PDF
Abridged model	31/12/2006	10/05/2007	30/08/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 24 ended

Active mandates

François CHAIGNON

Managing director · since 01 avril 2026 · until 10 mai 2029

Active

Valentin SCHMITT

Director · since 01 octobre 2024 · until 10 mai 2029

Active

Nicolas VERIN

Managing director · since 14 mai 2021 · until 01 avril 2026

Active

Erwan JALIL

Director · since 20 décembre 2018 · until 10 mai 2029

Active

Maxime MAHIEU

Chairman of the board of directors · since 20 décembre 2018 · until 10 mai 2029

Active

Ended mandates

Nicolas VERIN

Managing director · since 14 mai 2021 · until 09 mai 2024

Ended

Nicolas VERIN

Managing director · since 14 mai 2021 · until 10 mai 2029

Ended

Antoine MAGUIN

Director · since 20 décembre 2018 · until 09 mai 2024

Ended

Antoine MAGUIN

Director · since 20 décembre 2018 · until 01 octobre 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other08/09/2026
DIVERS
PDF
Other16/07/2026
DIVERS
PDF
Mandates11/06/2026
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/06/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Mandates22/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/05/2023
CAPITAL, ACTIONS
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 2025-4,5 M €↓
2024
Annual accounts 2024-671,5 k €↓
2023
Annual accounts 2023940,2 k €↑
2022
Annual accounts 2022-4,8 M €↓
2021
Annual accounts 2021-2,4 M €↓
2020
Annual accounts 2020-1,9 M €↓
2019
Annual accounts 2019-1,5 M €↓
2018
Annual accounts 20182,1 M €↓
2017
Annual accounts 20173,2 M €↑
2016
Annual accounts 2016891,9 k €↓
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 201484,8 k €↑
2013
Annual accounts 201313 k €↓
2011
Annual accounts 201168,9 k €↑
2010
Annual accounts 2010-67,8 k €↓
2009
Annual accounts 2009-25,1 k €↓
2008
Annual accounts 20086,6 k €↑
2007
Annual accounts 20075 k €↓
2006
Annual accounts 200610 k €
12/01/1980
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

TLD LEBRUN

Overview

What does TLD LEBRUN do?

Trend over 19 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