ACTIVE

LECOBEL

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Financial year 2025 · closed on 31/12/2025

Net result

-7,3 k €

+79.9% YoY

Gross margin

340,3 k €

-40.1% YoY

Equity

1,5 M €

-0.5% YoY

Workforce

9,1 ETP

-4.2% YoY

What does LECOBEL do?

LECOBEL is a Public limited company incorporated in 1988. Its main activity is: Real estate agencies. Its registered office is in Ixelles. It employs on average 9,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.334.803

Incorporation

15/12/1988

Legal form

Public limited company

Registered office

Place Georges Brugmann 10B
1050 Ixelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

9,1 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	340,3 k €	-40.1%	568,4 k €	-9.4%	627,7 k €	+3.8%	604,5 k €	-11.0%	679,2 k €	+27.2%	533,8 k €	+31.6%	405,7 k €	-23.0%	527,2 k €	+55.6%	338,8 k €	+9.2%	310,2 k €		–		401,4 k €	+4.9%	382,6 k €	+20.2%	318,4 k €	-35.3%	492,3 k €	+69.7%	290,1 k €	-32.9%	432,2 k €	-38.3%	700,6 k €	+92.1%	364,7 k €
EBITDA	38,4 k €	+48.5%	25,9 k €	+184%	-30,6 k €	-109%	-14,7 k €	-129%	50,5 k €	+225%	-40,5 k €	-84.2%	-22 k €	-107%	303 k €	+90.0%	159,5 k €	+9.1%	146,2 k €	-42.2%	252,8 k €	-10.5%	282,6 k €	+3.0%	274,3 k €	+49.7%	183,2 k €	-45.0%	333,3 k €	+137%	140,5 k €	-50.9%	286 k €	-50.4%	576,6 k €	+126%	255,5 k €
Operating result	-22,9 k €	+49.9%	-45,7 k €	+54.0%	-99,4 k €	-68.9%	-58,8 k €	-333%	25,2 k €	+138%	-67,2 k €	-185%	-23,6 k €	-109%	273,6 k €	+119%	124,7 k €	+0.8%	123,8 k €	-47.4%	235,2 k €	-18.5%	288,6 k €	+19.0%	242,5 k €	+44.8%	167,5 k €	-45.1%	305,2 k €	+162%	116,6 k €	-54.1%	254,3 k €	-51.7%	526,2 k €	+132%	226,4 k €
Net result	-7,3 k €	+79.9%	-36,1 k €	+53.1%	-77 k €	-59.4%	-48,3 k €	-396%	16,3 k €	+141%	-40,1 k €	-706%	6,6 k €	-96.9%	211,4 k €	+113%	99,4 k €	-12.1%	113,1 k €	-40.2%	189,1 k €	-20.8%	238,7 k €	-6.5%	255,4 k €	+80.9%	141,1 k €	-41.4%	240,7 k €	+101%	119,9 k €	-45.4%	219,7 k €	-51.3%	450,9 k €	+55.8%	289,5 k €
Balance sheet
Equity	1,5 M €	-0.5%	1,5 M €	-2.4%	1,5 M €	-4.8%	1,6 M €	-2.9%	1,6 M €	+1.0%	1,6 M €	-2.4%	1,7 M €	-10.7%	1,9 M €	+0.0%	1,9 M €	-0.0%	1,9 M €	+0.0%	1,9 M €	+0.5%	1,9 M €	+2.1%	1,8 M €	+0.3%	1,8 M €	+8.4%	1,7 M €	-19.6%	2,1 M €	+6.1%	2 M €	+3.7%	1,9 M €	+18.9%	1,6 M €
Total assets	1,9 M €	-9.4%	2,1 M €	-7.0%	2,2 M €	-7.0%	2,4 M €	-2.9%	2,4 M €	-1.0%	2,5 M €	+1.1%	2,4 M €	-9.3%	2,7 M €	-1.4%	2,7 M €	+4.0%	2,6 M €	-2.5%	2,7 M €	+10.7%	2,4 M €	+9.9%	2,2 M €	+6.9%	2,1 M €	-22.0%	2,7 M €	+10.1%	2,4 M €	-2.0%	2,5 M €	+1.7%	2,4 M €	+25.4%	1,9 M €
Cash	269,8 k €	+22.4%	220,4 k €	+34.1%	164,4 k €	-30.5%	236,7 k €	+47.1%	160,9 k €	+75.5%	91,7 k €	+96.0%	46,8 k €	-68.6%	148,9 k €	-59.3%	366,4 k €	+14.7%	319,4 k €	-24.1%	420,8 k €	+60.9%	261,5 k €	-74.6%	1 M €	+196%	347,7 k €	-71.3%	1,2 M €	-15.5%	1,4 M €	-0.3%	1,4 M €	-15.6%	1,7 M €	+346%	381,8 k €
Debts	381,4 k €	-32.6%	565,9 k €	-17.2%	683,2 k €	-11.8%	774,4 k €	-2.9%	797,5 k €	-5.0%	839,3 k €	+8.6%	772,9 k €	-6.2%	823,6 k €	-4.5%	862,4 k €	+13.9%	757,4 k €	-8.1%	824,3 k €	+44.0%	572,5 k €	+45.8%	392,7 k €	+54.7%	253,9 k €	-74.1%	979,3 k €	+199%	327,4 k €	-34.1%	497,1 k €	-5.3%	524,9 k €	+56.4%	335,5 k €
Other
Workforce	9,1 ETP	-4.2%	9,5 ETP	+13.1%	8,4 ETP	-23.6%	11,0 ETP	-6.0%	11,7 ETP	+7.3%	10,9 ETP	+39.7%	7,8 ETP	+39.3%	5,6 ETP	+86.7%	3,0 ETP	-16.7%	3,6 ETP	-16.3%	4,3 ETP	+65.4%	2,6 ETP	+4.0%	2,5 ETP	-34.2%	3,8 ETP	-17.4%	4,6 ETP	-8.0%	5,0 ETP	+28.2%	3,9 ETP	+44.4%	2,7 ETP	+3.8%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Astrid Chatiliez

Director · since 09 janvier 2014

Active

Michel Pelège

Managing director · since 09 janvier 2014

Active

Ended mandates

Ariane Fournelle

Director · since 09 janvier 2014

Ended

Ariane Fournelle

Director

Ended

Astrid Chatiliez

Director

Ended

Caroline Nagiel

Director

Ended

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	29/06/2026	10/06/2025	31/05/2024	14/06/2023	17/06/2022	22/06/2021
General meeting	01/06/2026	02/06/2025	10/05/2024	05/06/2023	07/06/2022	07/06/2021
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
Abridged model	31/12/2025	01/06/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	02/06/2025	10/06/2025	French	PDF
Abridged model	31/12/2023	10/05/2024	31/05/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	14/06/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	17/06/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	22/06/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	10/08/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	11/06/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	13/06/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	12/06/2017	French	PDF
Full model	31/12/2015	06/06/2016	10/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	24/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	20/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	07/06/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	27/06/2012	French	PDF
Abridged model	31/12/2010	29/06/2011	11/07/2011	French	PDF
Abridged model	31/12/2009	21/06/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	03/07/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	11/07/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	08/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 7 ended

Active mandates

Astrid Chatiliez

Director · since 09 janvier 2014

Active

Michel Pelège

Managing director · since 09 janvier 2014

Active

Ended mandates

Ariane Fournelle

Director · since 09 janvier 2014

Ended

Ariane Fournelle

Director

Ended

Astrid Chatiliez

Director

Ended

Caroline Nagiel

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/08/2025
DEMISSIONS, NOMINATIONS
PDF
Other16/09/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates20/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates13/09/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office03/03/2023
SIEGE SOCIAL
PDF
Mandates13/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates24/07/2012
DEMISSIONS, NOMINATIONS
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 2025-7,3 k €↑
2024
Annual accounts 2024-36,1 k €↑
2023
Annual accounts 2023-77 k €↓
2022
Annual accounts 2022-48,3 k €↓
2021
Annual accounts 202116,3 k €↑
2020
Annual accounts 2020-40,1 k €↓
2019
Annual accounts 20196,6 k €↓
2018
Annual accounts 2018211,4 k €↑
2017
Annual accounts 201799,4 k €↓
2016
Annual accounts 2016113,1 k €↓
2015
Annual accounts 2015189,1 k €↓
2014
Annual accounts 2014238,7 k €↓
2013
Annual accounts 2013255,4 k €↑
2012
Annual accounts 2012141,1 k €↓
2011
Annual accounts 2011240,7 k €↑
2010
Annual accounts 2010119,9 k €↓
2009
Annual accounts 2009219,7 k €↓
2008
Annual accounts 2008450,9 k €↑
2007
Annual accounts 2007289,5 k €
15/12/1988
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

LECOBEL

Overview

What does LECOBEL do?

Trend over 19 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