ACTIVE

LB Farma

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Financial year 2025 · closed on 31/12/2025

Net result

67,6 k €

+154.5% YoY

Gross margin

240 k €

+32.0% YoY

Equity

457,4 k €

+0.0% YoY

Workforce

2,1 ETP

+10.5% YoY

What does LB Farma do?

LB Farma is a Private limited company incorporated in 1989. Its registered office is in Kasterlee. It employs on average 2,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.529.971

Incorporation

26/09/1989

Legal form

Private limited company

Registered office

Leistraat 94
2460 Kasterlee · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

2,1 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	240 k €	+32.0%	181,8 k €	+16.1%	156,5 k €	+75.8%	89 k €	-1.7%	90,6 k €	+58.3%	57,2 k €	+82.1%	31,4 k €	+1793%	-1,9 k €	+94.9%	-36 k €	-137%	98 k €	+36.0%	72 k €	-22.8%	93,3 k €	+58.2%	59 k €	-3.5%	61,1 k €	-16.3%	73 k €	-36.4%	114,7 k €	-20.2%	143,7 k €	+9.1%	131,8 k €
EBITDA	108,7 k €	+58.3%	68,7 k €	-29.0%	96,7 k €	+218%	30,4 k €	-32.0%	44,8 k €	+648%	6 k €	-8.8%	6,6 k €	+130%	-21,9 k €	+53.5%	-47 k €	-158%	80,5 k €	+45.3%	55,4 k €	-20.7%	69,9 k €	+299%	17,5 k €	-30.4%	25,2 k €	-22.6%	32,5 k €	-59.4%	80,2 k €	-31.2%	116,5 k €	+0.7%	115,7 k €
Operating result	86,4 k €	+95.3%	44,2 k €	-42.3%	76,6 k €	+230%	23,2 k €	-44.5%	41,8 k €	+1335%	2,9 k €	-20.8%	3,7 k €	+115%	-24,5 k €	+49.5%	-48,6 k €	-164%	76,2 k €	+628%	10,5 k €	-58.2%	25,1 k €	+248%	-16,9 k €	-154%	-6,7 k €	-109%	-3,2 k €	-109%	35 k €	-35.5%	54,3 k €	+48.3%	36,6 k €
Net result	67,6 k €	+154%	26,5 k €	-61.5%	68,9 k €	+282%	18 k €	-51.7%	37,4 k €	+3494%	1 k €	-15.9%	1,2 k €	-35.6%	1,9 k €	+111%	-17,6 k €	-121%	82,3 k €	+1875%	-4,6 k €	-193%	5 k €	+113%	-38,9 k €	-95.4%	-19,9 k €	-119%	103 k €	+3265%	3,1 k €	-91.1%	34,2 k €	+52.5%	22,4 k €
Balance sheet
Equity	457,4 k €	+0.0%	457,3 k €	+0.0%	457,3 k €	+6.4%	429,9 k €	+4.4%	411,9 k €	+0.0%	411,8 k €	+0.0%	411,8 k €	+0.0%	411,8 k €	+0.1%	411,3 k €	-4.1%	428,9 k €	+12.0%	383,1 k €	-1.2%	387,8 k €	+1.3%	382,8 k €	-9.2%	421,7 k €	-4.5%	441,7 k €	-25.0%	588,7 k €	+0.5%	585,6 k €	+6.2%	551,4 k €
Total assets	1,1 M €	+5.5%	1,1 M €	-8.9%	1,2 M €	+6.6%	1,1 M €	+22.8%	900,8 k €	+12.3%	802,2 k €	+1.8%	788 k €	+10.4%	714 k €	+4.6%	682,3 k €	-8.0%	742 k €	+6.2%	699 k €	-7.9%	759,3 k €	-7.2%	818,2 k €	-0.4%	821,3 k €	-20.5%	1 M €	+7.0%	965,5 k €	-8.4%	1,1 M €	+7.5%	980,2 k €
Cash	44,7 k €	+69.3%	26,4 k €	-61.1%	67,9 k €	+64.3%	41,3 k €	-41.6%	70,7 k €	+477%	12,3 k €	-35.9%	19,1 k €	+305%	4,7 k €	-90.4%	49,2 k €	-53.2%	105 k €	+9683%	1,1 k €	-73.6%	4,1 k €	+157%	1,6 k €	-73.1%	5,9 k €	-76.8%	25,3 k €	-52.4%	53,2 k €	-64.3%	148,7 k €	+330%	34,6 k €
Debts	673,3 k €	+9.5%	614,8 k €	-14.6%	719,7 k €	+6.8%	674,1 k €	+38.4%	487,1 k €	+25.4%	388,6 k €	+4.3%	372,5 k €	+26.4%	294,7 k €	+9.4%	269,4 k €	-13.5%	311,5 k €	+2.3%	304,4 k €	-15.2%	359 k €	-15.6%	425,2 k €	+7.3%	396,4 k €	-32.1%	584,1 k €	+58.1%	369,4 k €	-20.4%	464,2 k €	+9.0%	425,9 k €
Other
Workforce	2,1 ETP	+10.5%	1,9 ETP	+72.7%	1,1 ETP	0.0%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP	+66.7%	0,3 ETP		–		–		0,2 ETP	-77.8%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 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 · 1 active · 8 ended

Active mandates

LBJ Holding

Director · since 01 septembre 2016 · 0838.301.516

Represented by Boeckmans LEEN

Active

Ended mandates

GODELIEVE JANSSENS

Associate · since 26 septembre 1989

Ended

KARL VANDONINCK

Manager · since 26 septembre 1989

Ended

GODELIEVE JANSSENS

Manager

Ended

GODELIEVE JANSSENS

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
JADIBOUW● Active	0799.601.187
LBJ Holding● Active	0838.301.516
V.D.K.M.● Active	0425.663.318

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	16/06/2026	13/06/2025	22/08/2024	14/08/2023	04/08/2022	10/08/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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	02/06/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	13/06/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	22/08/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	14/08/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	04/08/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	10/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	10/09/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	09/08/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	16/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	13/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	04/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/09/2011	08/09/2011	Dutch	PDF
Abridged model	31/12/2009	27/09/2010	28/09/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	08/09/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	12/07/2007	Dutch	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 · 1 active · 8 ended

Active mandates

LBJ Holding

Director · since 01 septembre 2016 · 0838.301.516

Represented by Boeckmans LEEN

Active

Ended mandates

GODELIEVE JANSSENS

Associate · since 26 septembre 1989

Ended

KARL VANDONINCK

Manager · since 26 septembre 1989

Ended

GODELIEVE JANSSENS

Manager

Ended

GODELIEVE JANSSENS

Associate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/10/2016
BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/09/2016
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 202567,6 k €↑
2024
Annual accounts 202426,5 k €↓
2023
Annual accounts 202368,9 k €↑
2022
Annual accounts 202218 k €↓
2021
Annual accounts 202137,4 k €↑
2020
Annual accounts 20201 k €↓
2019
Annual accounts 20191,2 k €↓
2018
Annual accounts 20181,9 k €↑
2017
Annual accounts 2017-17,6 k €↓
2016
Annual accounts 201682,3 k €↑
2016
Name changeLB Farma
2015
Annual accounts 2015-4,6 k €↓
2014
Annual accounts 20145 k €↑
2013
Annual accounts 2013-38,9 k €↓
2012
Annual accounts 2012-19,9 k €↓
2011
Annual accounts 2011103 k €↑
2010
Annual accounts 20103,1 k €↓
2009
Annual accounts 200934,2 k €↑
2008
Annual accounts 200822,4 k €
2008
Name changeVANDONINCK
26/09/1989
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

LB Farma

Overview

What does LB Farma do?

Trend over 18 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