ACTIVE

LUBACO

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Financial year 2025 · closed on 31/12/2025

Net result

54,6 k €

-25.8% YoY

Revenue

1,2 M €

+13.5% YoY

Equity

563,3 k €

0.0% YoY

Workforce

1,4 ETP

-50.0% YoY

What does LUBACO do?

LUBACO is a Private limited company incorporated in 1985. Its registered office is in Ranst. It employs on average 1,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.985.189

Incorporation

14/03/1985

Legal form

Private limited company

Registered office

Liersesteenweg 174
2520 Ranst · FlandreSee on map

Contributed capital

369 539,08 €

Latest accounts

31/12/2025

Average workforce

1,4 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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
Revenue	1,2 M €	+13.5%	1,1 M €	+5.3%	1 M €	+29.9%	776,8 k €	-2.1%	793,7 k €	+13.0%	702,5 k €	-22.6%	907,1 k €	-24.2%	1,2 M €	-12.8%	1,4 M €	-1.5%	1,4 M €	-2.3%	1,4 M €	-1.1%	1,4 M €	-8.6%	1,6 M €	+1.8%	1,6 M €	-8.5%	1,7 M €	+9.9%	1,5 M €	+14.1%	1,4 M €	+6.3%	1,3 M €	+11.4%	1,1 M €	+11.1%	1 M €
EBITDA	109,8 k €	+20.6%	91,1 k €	-22.6%	117,7 k €	+1175%	-11 k €	-123%	47 k €	+958%	4,4 k €	-85.6%	30,8 k €	-66.3%	91,3 k €	-37.2%	145,6 k €	-0.4%	146,2 k €	+35.9%	107,5 k €	+17.3%	91,7 k €	-17.6%	111,3 k €	+47.7%	75,3 k €	-40.9%	127,6 k €	-1.3%	129,3 k €	+20.9%	107 k €	-5.3%	113 k €	+6.3%	106,3 k €	+25.1%	85 k €
Operating result	69,4 k €	-6.4%	74,1 k €	+4.4%	71 k €	+219%	-59,9 k €	-312%	-14,5 k €	+74.2%	-56,3 k €	-208%	-18,3 k €	-135%	52,9 k €	-51.3%	108,7 k €	+1.4%	107,1 k €	+61.5%	66,4 k €	+34.1%	49,5 k €	-28.5%	69,2 k €	+111%	32,9 k €	-66.7%	98,6 k €	+3.5%	95,3 k €	+24.4%	76,6 k €	-7.9%	83,2 k €	+8.2%	76,9 k €	+38.7%	55,4 k €
Net result	54,6 k €	-25.8%	73,7 k €	+3.1%	71,4 k €	+219%	-60,1 k €	-282%	-15,8 k €	+73.2%	-58,7 k €	-178%	-21,1 k €	-179%	26,9 k €	-61.8%	70,3 k €	+0.7%	69,8 k €	+88.9%	37 k €	+37.4%	26,9 k €	-20.8%	34 k €	+187%	11,8 k €	-82.1%	66,2 k €	+7.2%	61,8 k €	+23.3%	50,1 k €	+23.2%	40,6 k €	-11.5%	45,9 k €	+57.1%	29,2 k €
Balance sheet
Equity	563,3 k €	0.0%	563,3 k €	+15.0%	489,6 k €	+17.1%	418,2 k €	-12.6%	478,3 k €	-3.2%	494 k €	-10.6%	552,7 k €	-3.7%	573,8 k €	+4.9%	547 k €	-16.3%	653,5 k €	+8.6%	601,7 k €	+6.5%	564,7 k €	+200%	188,1 k €	-66.6%	562,7 k €	+2.1%	550,8 k €	+13.7%	484,7 k €	+14.6%	422,9 k €	+13.4%	372,8 k €	+12.2%	332,2 k €	+16.0%	286,3 k €
Total assets	746,9 k €	+5.3%	709,3 k €	-1.5%	720,2 k €	+1.7%	708,4 k €	-6.6%	758,3 k €	-2.9%	781 k €	-1.1%	789,8 k €	-3.8%	821,2 k €	-25.0%	1,1 M €	+3.0%	1,1 M €	+1.2%	1 M €	-2.1%	1,1 M €	-5.6%	1,1 M €	-0.2%	1,1 M €	+16.0%	980,3 k €	+15.3%	850,4 k €	+1.6%	837,2 k €	+3.8%	806,4 k €	+8.9%	740,6 k €	-3.9%	770,4 k €
Cash	153,2 k €	+32.0%	116,1 k €	-34.1%	176 k €	+40.6%	125,2 k €	+24.2%	100,8 k €	+61.0%	62,6 k €	+492%	10,6 k €	-95.1%	215,2 k €	-51.5%	443,9 k €	+17.0%	379,5 k €	+26.8%	299,3 k €	+5.4%	284,1 k €	-14.1%	330,5 k €	+33.1%	248,4 k €	-5.5%	262,9 k €	+1.2%	259,9 k €	+18.8%	218,8 k €	+11.2%	196,8 k €	+69.8%	115,9 k €	-1.4%	117,6 k €
Debts	178,6 k €	+22.3%	146 k €	-36.7%	230,6 k €	-20.0%	288,2 k €	+5.6%	273 k €	-3.4%	282,7 k €	+24.3%	227,5 k €	-6.8%	244,1 k €	-55.4%	547,3 k €	+33.8%	408,9 k €	-8.7%	447,9 k €	-11.6%	506,5 k €	-46.5%	947,3 k €	+64.8%	574,9 k €	+34.1%	428,7 k €	+17.4%	365,1 k €	-11.9%	414,3 k €	-4.4%	433,5 k €	+6.2%	408,4 k €	-15.6%	484,1 k €
Other
Workforce	1,4 ETP	-50.0%	2,8 ETP	+21.7%	2,3 ETP	+27.8%	1,8 ETP	+28.6%	1,4 ETP	-57.6%	3,3 ETP	0.0%	3,3 ETP	+3.1%	3,2 ETP	+60.0%	2,0 ETP	0.0%	2,0 ETP	+25.0%	1,6 ETP	+60.0%	1,0 ETP	-44.4%	1,8 ETP	-30.8%	2,6 ETP	-13.3%	3,0 ETP	+36.4%	2,2 ETP	+22.2%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 27 ended

Active mandates

Michael Gabriëls

Director · since 11 décembre 2025 · until 05 juin 2026

Active

Nele Vandaele

Chairman of the board of directors · since 11 décembre 2025 · until 05 juin 2026

Active

Geert Markey

Director · since 12 janvier 2018

Active

Ended mandates

Geert Markey

Manager · since 12 janvier 2018

Ended

Marc Tijssens

Director · since 12 janvier 2018

Ended

MARC TIJSSENS

Manager · since 12 janvier 2018

Ended

JAN CLAES

Manager · since 01 janvier 2017 · until 11 janvier 2018

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	01/07/2026	24/06/2025	04/07/2024	24/07/2023	13/06/2022	07/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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	05/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	24/07/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	07/06/2021	Dutch	PDF
Full model	31/12/2019	05/06/2020	09/06/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	18/06/2019	Dutch	PDF
Abridged model	31/12/2017	07/05/2018	10/07/2018	Dutch	PDF
Abridged model	31/12/2016	01/05/2017	18/05/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	12/05/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	21/05/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	16/05/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	14/05/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	14/05/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	18/05/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	11/05/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	27/05/2009	Dutch	PDF
Abridged model	31/12/2007	06/05/2008	08/05/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	30/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 3 active · 27 ended

Active mandates

Michael Gabriëls

Director · since 11 décembre 2025 · until 05 juin 2026

Active

Nele Vandaele

Chairman of the board of directors · since 11 décembre 2025 · until 05 juin 2026

Active

Geert Markey

Director · since 12 janvier 2018

Active

Ended mandates

Geert Markey

Manager · since 12 janvier 2018

Ended

Marc Tijssens

Director · since 12 janvier 2018

Ended

MARC TIJSSENS

Manager · since 12 janvier 2018

Ended

JAN CLAES

Manager · since 01 janvier 2017 · until 11 janvier 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates14/07/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Capital / shares31/08/2020
KAPITAAL - AANDELEN
PDF
Other21/03/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202554,6 k €↓
2024
Annual accounts 202473,7 k €↑
2023
Annual accounts 202371,4 k €↑
2022
Annual accounts 2022-60,1 k €↓
2021
Annual accounts 2021-15,8 k €↑
2020
Annual accounts 2020-58,7 k €↓
2019
Annual accounts 2019-21,1 k €↓
2018
Annual accounts 201826,9 k €↓
2017
Annual accounts 201770,3 k €↑
2016
Annual accounts 201669,8 k €↑
2015
Annual accounts 201537 k €↑
2014
Annual accounts 201426,9 k €↓
2013
Annual accounts 201334 k €↑
2012
Annual accounts 201211,8 k €↓
2011
Annual accounts 201166,2 k €↑
2010
Annual accounts 201061,8 k €↑
2009
Annual accounts 200950,1 k €↑
2008
Annual accounts 200840,6 k €↓
2007
Annual accounts 200745,9 k €↑
2006
Annual accounts 200629,2 k €
14/03/1985
IncorporationPrivate 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

LUBACO

Overview

What does LUBACO do?

Trend over 20 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