ACTIVE

LOBECO

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Financial year 2025 · closed on 31/12/2025

Net result

75,7 k €

+558.3% YoY

Revenue

221,8 k €

-10.3% YoY

Equity

1,8 M €

+4.5% YoY

Workforce

0,1 ETP

0.0% YoY

What does LOBECO do?

LOBECO is a Public limited company incorporated in 1987. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Zele. It employs on average 0,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.631.192

Incorporation

22/07/1987

Legal form

Public limited company

Registered office

Markt 2A
9240 Zele · FlandreSee on map

Contributed capital

1 075 000,00 €

Latest accounts

31/12/2025

Average workforce

0,1 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Revenue	221,8 k €	-10.3%	247,4 k €	-5.1%	260,6 k €	+6.8%	244 k €	+13.5%	214,9 k €	-0.4%	215,8 k €		–		–		–		–		–		–		–		–
EBITDA	249,4 k €	+80.6%	138,1 k €	-12.8%	158,4 k €	+7.6%	147,1 k €	+16.9%	125,8 k €	-13.8%	146 k €	-9.9%	162,1 k €	+8.0%	150 k €	+1.3%	148,1 k €	+6.8%	138,7 k €	-5.6%	146,9 k €	+3.9%	141,4 k €	+2.4%	138 k €	-6.4%	147,4 k €
Operating result	96,8 k €	+1296%	6,9 k €	-60.9%	17,8 k €	+155%	7 k €	+125%	-28,1 k €	-326%	12,5 k €	-54.6%	27,4 k €	+7.9%	25,4 k €	+8.1%	23,5 k €	+474%	4,1 k €	-70.0%	13,7 k €	+68.7%	8,1 k €	-0.2%	8,1 k €	-50.7%	16,5 k €
Net result	75,7 k €	+558%	11,5 k €	-34.9%	17,7 k €	+36.5%	12,9 k €	+135%	-37,3 k €	-2304%	1,7 k €	-94.0%	28 k €	+28.5%	21,8 k €	-8.6%	23,9 k €	+364%	5,1 k €	-67.2%	15,7 k €	+141%	-38,4 k €	-120%	190,2 k €	-31.2%	276,4 k €
Balance sheet
Equity	1,8 M €	+4.5%	1,7 M €	+0.7%	1,7 M €	+1.1%	1,7 M €	+0.8%	1,6 M €	-2.2%	1,7 M €	+0.1%	1,7 M €	+1.7%	1,6 M €	+1.3%	1,6 M €	+1.5%	1,6 M €	+0.3%	1,6 M €	+1.0%	1,6 M €	-2.4%	1,6 M €	+13.3%	1,4 M €
Total assets	1,8 M €	+6.8%	1,7 M €	+0.4%	1,7 M €	-24.0%	2,2 M €	+0.7%	2,2 M €	-1.3%	2,2 M €	-11.4%	2,5 M €	+1.1%	2,5 M €	+0.9%	2,5 M €	+0.9%	2,5 M €	-5.5%	2,6 M €	-5.0%	2,7 M €	+0.4%	2,7 M €	-0.4%	2,7 M €
Cash	257,8 k €	+193%	88 k €	-61.1%	226,1 k €	-65.7%	659,6 k €	+20.2%	548,9 k €	-14.3%	640,2 k €	-21.5%	815,2 k €	+16.0%	703 k €	+26.6%	555,4 k €	+20.5%	460,9 k €	-8.8%	505,4 k €	-0.6%	508,2 k €	+12.2%	453,1 k €	+38.0%	328,2 k €
Debts	197 €	-87.7%	1,6 k €	-66.2%	4,7 k €	-99.2%	558,6 k €	+0.3%	556,8 k €	-0.3%	558,5 k €	-34.6%	854,3 k €	0.0%	854,3 k €	+0.1%	853 k €	-0.2%	854,6 k €	-14.8%	1 M €	-13.1%	1,2 M €	+4.5%	1,1 M €	-15.3%	1,3 M €
Other
Workforce	0,1 ETP	0.0%	0,1 ETP		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

ERGUCO

Director · since 01 janvier 2023 · until 31 décembre 2028 · 0445.269.095

Represented by Ernestina Flies

Active

Hubertina De Smet

Managing director · since 01 janvier 2023 · until 31 décembre 2028

Active

PAMARIM

Director · since 01 janvier 2023 · until 31 décembre 2028 · 0435.587.804

Represented by Marleen Verburgt

Active

Ended mandates

ERGUCO

Director · since 01 janvier 2017 · until 31 décembre 2022 · 0445.269.095

Represented by Ernestina Flies

Ended

Hubertina De Smet

Managing director · since 01 janvier 2017 · until 31 décembre 2022

Ended

Lodewijk Flies

Chairman of the board of directors · since 01 janvier 2017 · until 18 décembre 2021

Ended

Lodewijk Flies

Managing director · since 01 janvier 2017 · until 18 décembre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Beheer L. Flies● Active	0447.695.877

Annual accounts

Full financial information

	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	29/05/2026	06/05/2025	06/05/2024	09/05/2023	01/06/2022	02/06/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	01/05/2023	02/05/2022	03/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	29/05/2026	Dutch	PDF
Abridged model	31/12/2024	05/05/2025	06/05/2025	Dutch	PDF
Abridged model	31/12/2023	06/05/2024	06/05/2024	Dutch	PDF
Abridged model	31/12/2022	01/05/2023	09/05/2023	Dutch	PDF
Abridged model	31/12/2021	02/05/2022	01/06/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	02/06/2021	Dutch	PDF
Abridged model	31/12/2019	04/05/2020	12/05/2020	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	09/05/2019	Dutch	PDF
Abridged model	31/12/2017	07/05/2018	08/05/2018	Dutch	PDF
Abridged model	31/12/2016	01/05/2017	08/05/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	25/05/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	06/05/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	27/05/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	24/05/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	15/05/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	11/05/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	01/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	04/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	30/05/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	01/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 active · 10 ended

Active mandates

ERGUCO

Director · since 01 janvier 2023 · until 31 décembre 2028 · 0445.269.095

Represented by Ernestina Flies

Active

Hubertina De Smet

Managing director · since 01 janvier 2023 · until 31 décembre 2028

Active

PAMARIM

Director · since 01 janvier 2023 · until 31 décembre 2028 · 0435.587.804

Represented by Marleen Verburgt

Active

Ended mandates

ERGUCO

Director · since 01 janvier 2017 · until 31 décembre 2022 · 0445.269.095

Represented by Ernestina Flies

Ended

Hubertina De Smet

Managing director · since 01 janvier 2017 · until 31 décembre 2022

Ended

Lodewijk Flies

Chairman of the board of directors · since 01 janvier 2017 · until 18 décembre 2021

Ended

Lodewijk Flies

Managing director · since 01 janvier 2017 · until 18 décembre 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring14/05/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/03/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares06/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2005
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 202575,7 k €↑
2024
Annual accounts 202411,5 k €↓
2023
Annual accounts 202317,7 k €↑
2022
Annual accounts 202212,9 k €↑
2021
Annual accounts 2021-37,3 k €↓
2020
Annual accounts 20201,7 k €↓
2019
Annual accounts 201928 k €↑
2018
Annual accounts 201821,8 k €↓
2017
Annual accounts 201723,9 k €↑
2016
Annual accounts 20165,1 k €↓
2015
Annual accounts 201515,7 k €↑
2014
Annual accounts 2014-38,4 k €↓
2013
Annual accounts 2013190,2 k €↓
2012
Annual accounts 2012276,4 k €
22/07/1987
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

LOBECO

Overview

What does LOBECO do?

Trend over 14 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