ACTIVE

LIWA

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Financial year 2025 · closed on 31/12/2025
Net result
369,9 k €
+325.9% YoY
Gross margin
1,9 M €
+43.2% YoY
Equity
1,7 M €
+28.2% YoY
Workforce
0,0 ETP

What does LIWA do?

LIWA is a Public limited company incorporated in 1988. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Stabroek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0433.658.096
Incorporation
10/03/1988
Legal form
Public limited company
Registered office
Dorpsstraat 63
2940 Stabroek · FlandreSee on map
Contributed capital
665 568,52 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
68201Rental and operating of own or leased real estate· main68201Rental and operating of own or leased real estate82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212009200820072006
Income statement
Gross margin1,9 M €1,3 M €1,4 M €1,7 M €1,2 M €974,2 k €892,3 k €760,6 k €679,5 k €
EBITDA1,7 M €1,2 M €1,3 M €1,6 M €1,1 M €889,5 k €808,4 k €698,5 k €611,2 k €
Operating result774 k €194,2 k €212 k €478,8 k €-48,3 k €193,5 k €128,7 k €-30 k €-99,5 k €
Net result369,9 k €-163,8 k €-90,9 k €164 k €-109 k €61,2 k €-18,9 k €4,1 k €-173,6 k €
Balance sheet
Equity1,7 M €1,3 M €1,5 M €1,6 M €1,4 M €464,4 k €403,2 k €422,1 k €418 k €
Total assets8,9 M €9,1 M €10,4 M €10,9 M €11,2 M €7,2 M €7,4 M €8 M €8 M €
Cash444,9 k €198,1 k €696,8 k €563,2 k €272,4 k €412,3 k €157,1 k €280 k €70,8 k €
Debts6,8 M €7,4 M €8,5 M €8,8 M €9,3 M €6,7 M €6,9 M €7,5 M €7,5 M €
Other
Workforce0,0 ETP–0,0 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 · 1 active · 7 ended

Active mandates

Eduard Vandermolen

Director · since 24 novembre 2003

Active

Ended mandates

Eduard Vandermolen

Manager · since 24 novembre 2003

Ended
Godelieve Van der Pluym

Manager · since 24 novembre 2003

Ended
Godelieve Van Der Pluym

Director · since 24 novembre 2003

Ended
Eduard Vandermolen

Mandate

Ended
At this address

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0729.716.746
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0769.645.114
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/07/202622/07/202525/06/202404/07/202328/07/202231/08/2021
General meeting30/06/202630/06/202504/06/202425/05/202327/06/202205/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202629/07/2026DutchPDF
Abridged model31/12/202430/06/202522/07/2025DutchPDF
Abridged model31/12/202304/06/202425/06/2024DutchPDF
Abridged model31/12/202225/05/202304/07/2023DutchPDF
Abridged model31/12/202127/06/202228/07/2022DutchPDF
Abridged model31/12/202005/04/202131/08/2021DutchPDF
Abridged model31/12/201922/06/202004/08/2020DutchPDF
Abridged model31/12/201827/06/201927/08/2019DutchPDF
Abridged model31/12/201726/06/201826/07/2018DutchPDF
Abridged model31/12/201603/04/201728/07/2017DutchPDF
Abridged model31/12/201504/04/201629/07/2016DutchPDF
Abridged model31/12/201407/04/201521/08/2015DutchPDF
Abridged model31/12/201307/04/201429/07/2014DutchPDF
Abridged model31/12/201202/04/201320/08/2013DutchPDF
Abridged model31/12/201102/04/201230/07/2012DutchPDF
Abridged model31/12/201004/04/201118/08/2011DutchPDF
Abridged model31/12/200906/04/201013/08/2010DutchPDF
Abridged model31/12/200806/04/200913/08/2009DutchPDF
Abridged model31/12/200707/04/200831/08/2008DutchPDF
Abridged model31/12/200602/04/200730/08/2007DutchPDF
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 · 1 active · 7 ended

Active mandates

Eduard Vandermolen

Director · since 24 novembre 2003

Active

Ended mandates

Eduard Vandermolen

Manager · since 24 novembre 2003

Ended
Godelieve Van der Pluym

Manager · since 24 novembre 2003

Ended
Godelieve Van Der Pluym

Director · since 24 novembre 2003

Ended
Eduard Vandermolen

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/03/2024
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring10/04/2018
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring29/01/2018
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates24/01/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares05/07/2005
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates11/12/2003
    ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    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

Timeline

  1. 2025
    Annual accounts 2025369,9 k €↑
  2. 2024
    Annual accounts 2024-163,8 k €↓
  3. 2023
    Annual accounts 2023-90,9 k €↓
  4. 2022
    Annual accounts 2022164 k €↑
  5. 2021
    Annual accounts 2021-109 k €↓
  6. 2009
    Annual accounts 200961,2 k €↑
  7. 2008
    Annual accounts 2008-18,9 k €↓
  8. 2007
    Annual accounts 20074,1 k €↑
  9. 2006
    Annual accounts 2006-173,6 k €
  10. 10/03/1988
    IncorporationPublic limited company