ACTIVE

LED EXPRESS

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Financial year 2024 · closed on 31/12/2024

Net result

10,7 k €

-83.3% YoY

Gross margin

190,9 k €

-6.5% YoY

Equity

168,6 k €

+6.7% YoY

What does LED EXPRESS do?

LED EXPRESS is a Public limited company incorporated in 1989. Its main activity is: Electrical installation. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.234.410

Incorporation

08/12/1989

Legal form

Public limited company

Registered office

Kiewitstraat 178
3500 Hasselt · FlandreSee on map

Contributed capital

61 973,00 €

Latest accounts

31/12/2024

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 46500Wholesale of information and communication equipment 46520Wholesale of electronic and telecommunications equipment and parts

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 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	190,9 k €	-6.5%	204,2 k €	+30.9%	155,9 k €	+42.5%	109,4 k €	+46.1%	74,9 k €	+2590%	-3 k €	+21.8%	-3,8 k €	+94.6%	-71,4 k €	-2472%	3 k €	-36.9%	4,8 k €	+76.5%	2,7 k €	+123%	-11,7 k €	-237%	8,5 k €	-79.6%	41,6 k €	+16.1%	35,8 k €	-65.0%	102,2 k €	-3.5%	105,9 k €	+2403%	-4,6 k €	-129%	16 k €
EBITDA	67,6 k €	-40.4%	113,5 k €	+122%	51 k €	+136%	21,6 k €	-33.4%	32,4 k €	+1178%	-3 k €	+23.0%	-3,9 k €	+94.6%	-72,2 k €	-2799%	2,7 k €	-39.1%	4,4 k €	+312%	1,1 k €	+107%	-15,1 k €	-99.7%	-7,6 k €	-285%	4,1 k €	+186%	1,4 k €	-97.6%	59,4 k €	+47.2%	40,4 k €	+303%	-19,9 k €	-253%	13 k €
Operating result	29,3 k €	-68.1%	91,9 k €	+161%	35,1 k €	+188%	12,2 k €	-60.0%	30,5 k €	+1021%	-3,3 k €	+21.4%	-4,2 k €	+94.2%	-72,5 k €	-2811%	2,7 k €	-39.1%	4,4 k €	+312%	1,1 k €	+107%	-15,1 k €	-99.7%	-7,6 k €	-1485%	546,3 €	+126%	-2,1 k €	-104%	49,6 k €	+45.4%	34,1 k €	+231%	-26,1 k €	-487%	6,7 k €
Net result	10,7 k €	-83.3%	63,6 k €	+220%	19,9 k €	+275%	5,3 k €	-82.7%	30,7 k €	+1405%	-2,4 k €	+48.0%	-4,5 k €	+93.4%	-68,6 k €	-2632%	2,7 k €	-11.3%	3,1 k €	-70.1%	10,2 k €	+372%	2,2 k €	+124%	-8,9 k €	-824%	1,2 k €	+132%	-3,8 k €	-108%	50,9 k €	+45.6%	35 k €	+231%	-26,7 k €	-685%	4,6 k €
Balance sheet
Equity	168,6 k €	+6.7%	158 k €	+67.5%	94,3 k €	+26.8%	74,4 k €	+7.7%	69,1 k €	+79.8%	38,4 k €	-5.8%	40,8 k €	-10.0%	45,3 k €	-60.2%	113,9 k €	+2.4%	111,2 k €	+2.8%	108,1 k €	+10.4%	97,9 k €	+2.3%	95,8 k €	-8.5%	104,6 k €	+1.2%	103,4 k €	-15.4%	122,2 k €	+71.5%	71,3 k €	+96.3%	36,3 k €	-42.4%	63 k €
Total assets	438,1 k €	+61.2%	271,7 k €	+35.6%	200,3 k €	+112%	94,4 k €	+16.0%	81,4 k €	+110%	38,7 k €	-29.9%	55,2 k €	+11.4%	49,6 k €	-57.6%	116,9 k €	-7.3%	126,1 k €	+3.4%	121,9 k €	+8.6%	112,3 k €	+6.3%	105,6 k €	-18.3%	129,2 k €	-6.2%	137,8 k €	-11.4%	155,5 k €	+8.5%	143,4 k €	+157%	55,7 k €	-35.3%	86,1 k €
Cash	13,8 k €	+341%	3,1 k €	-8.2%	3,4 k €	-35.0%	5,2 k €	+673%	676,7 €		–		–		–		24,1 k €	-15.8%	28,6 k €	+141%	11,9 k €	-1.5%	12 k €	+93.2%	6,2 k €	+75.9%	3,5 k €	-82.5%	20,3 k €	+6.2%	19,1 k €	+128%	8,4 k €	+83.4%	4,6 k €	-83.7%	28 k €
Debts	269,5 k €	+137%	113,8 k €	+7.3%	106 k €	+429%	20,1 k €	+62.9%	12,3 k €	+3654%	328,1 €	-97.7%	14,5 k €	+237%	4,3 k €	+40.3%	3,1 k €	-79.5%	14,9 k €	+7.9%	13,8 k €	-3.7%	14,3 k €	+45.1%	9,9 k €	-59.8%	24,6 k €	-28.5%	34,4 k €	+3.4%	33,3 k €	-53.8%	72,1 k €	+271%	19,4 k €	-15.9%	23,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,5 ETP	-61.5%	1,3 ETP	-13.3%	1,5 ETP	+7.1%	1,4 ETP	-6.7%	1,5 ETP	-40.0%	2,5 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 11 ended

Active mandates

Osman Ozcan

Mandate

Active

Ended mandates

Douwe Velds

Director · since 14 mars 2017 · until 14 mars 2023

Ended

Douwe Velds

Managing director · since 14 mars 2017 · until 14 mars 2023

Ended

Huseyin Yilmaz

Director · since 14 mars 2017 · until 14 mars 2023

Ended

Osman Ozcan

Director · since 14 mars 2017 · until 14 mars 2023

Ended

At this address

Other companies at this address

Company	CBE no.
ASBEST VERWIJDERING HOUBEN● Active	1038.458.739
LED CNC● Active	1016.527.336
LED TECH● Active	0478.790.317

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/08/2025	29/08/2024	28/08/2023	18/08/2022	31/08/2021	15/12/2020
General meeting	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021	29/07/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	19/05/2025	26/08/2025	Dutch	PDF
Micro model	31/12/2023	21/05/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	15/05/2023	28/08/2023	Dutch	PDF
Micro model	31/12/2021	16/05/2022	18/08/2022	Dutch	PDF
Micro model	31/12/2020	17/05/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	29/07/2020	15/12/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	27/09/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	27/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	29/09/2011	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	20/05/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2024 · 1 active · 11 ended

Active mandates

Osman Ozcan

Mandate

Active

Ended mandates

Douwe Velds

Director · since 14 mars 2017 · until 14 mars 2023

Ended

Douwe Velds

Managing director · since 14 mars 2017 · until 14 mars 2023

Ended

Huseyin Yilmaz

Director · since 14 mars 2017 · until 14 mars 2023

Ended

Osman Ozcan

Director · since 14 mars 2017 · until 14 mars 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/09/2024
Benoemingen - Ontslagen
PDF
Mandates29/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/06/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/03/2017
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - 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

2024
Annual accounts 202410,7 k €↓
2023
Annual accounts 202363,6 k €↑
2022
Annual accounts 202219,9 k €↑
2021
Annual accounts 20215,3 k €↓
2020
Annual accounts 202030,7 k €↑
2019
Annual accounts 2019-2,4 k €↑
2018
Annual accounts 2018-4,5 k €↑
2017
Annual accounts 2017-68,6 k €↓
2016
Annual accounts 20162,7 k €↓
2015
Annual accounts 20153,1 k €↓
2014
Annual accounts 201410,2 k €↑
2013
Annual accounts 20132,2 k €↑
2012
Annual accounts 2012-8,9 k €↓
2011
Annual accounts 20111,2 k €↑
2010
Annual accounts 2010-3,8 k €↓
2009
Annual accounts 200950,9 k €↑
2008
Annual accounts 200835 k €↑
2007
Annual accounts 2007-26,7 k €↓
2006
Annual accounts 20064,6 k €
08/12/1989
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

LED EXPRESS

Overview

What does LED EXPRESS do?

Trend over 19 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