LIMES
0441.727.409 · rovalta.com · 22/09/2026
ACTIVE
LIMES
Financial year 2025 · closed on 31/12/2025
Net result
5 k €
-13.1% YoY
Gross margin
380,9 k €
-27.0% YoY
Equity
81,8 k €
+6.5% YoY
Workforce
3,4 ETP
-30.6% YoY
Overview
What does LIMES do?
LIMES is a Private limited company incorporated in 1990. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Hasselt. It employs on average 3,4 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0441.727.409
Incorporation
08/08/1990
Legal form
Private limited company
Registered office
Herkenrodesingel 101
3500 Hasselt · FlandreSee on map
3500 Hasselt · FlandreSee on map
Contributed capital
24 789,35 €
Latest accounts
31/12/2025
Average workforce
3,4 ETP
Activities (NACE)
Joint committees (2)
- 200
- 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 380,9 k € | -27.0% | 521,8 k € | -8.0% | 567,3 k € | +67.3% | 339,1 k € | +2.1% | 332,2 k € | +0.0% | 332 k € | – | – | – | – | – | – | – | -271,6 € | -128% | -119,1 € | -3.0% | -115,6 € | -101% | 13,4 k € | -56.4% | 30,7 k € | +16.9% | 26,3 k € | +29.9% | 20,2 k € | ||||||||
| EBITDA | 43,9 k € | +8.3% | 40,5 k € | +225% | -32,4 k € | -164% | 50,6 k € | -28.8% | 71,2 k € | +12.1% | 63,5 k € | +5.8% | 60 k € | +246% | 17,4 k € | -6.4% | 18,6 k € | -0.7% | 18,7 k € | -24.0% | 24,6 k € | +8.4% | 22,7 k € | +2.4% | 22,2 k € | +3679% | -619,1 € | -32.7% | -466,6 € | -0.8% | -463,1 € | -104% | 13,1 k € | -57.0% | 30,4 k € | +17.2% | 25,9 k € | +30.4% | 19,9 k € |
| Operating result | 16,7 k € | -4.3% | 17,5 k € | -11.3% | 19,7 k € | -10.7% | 22 k € | +47.6% | 14,9 k € | +94.3% | 7,7 k € | -54.5% | 16,9 k € | +13.2% | 14,9 k € | -4.4% | 15,6 k € | -3.0% | 16,1 k € | -27.4% | 22,2 k € | +7.5% | 20,6 k € | -2.6% | 21,2 k € | +3522% | -619,1 € | -32.7% | -466,6 € | -0.8% | -463,1 € | -104% | 13,1 k € | -57.0% | 30,4 k € | +17.2% | 25,9 k € | +30.4% | 19,9 k € |
| Net result | 5 k € | -13.1% | 5,7 k € | -37.1% | 9,1 k € | -32.0% | 13,4 k € | +43.3% | 9,4 k € | +134% | 4 k € | +24.1% | 3,2 k € | -24.2% | 4,3 k € | +83.4% | 2,3 k € | -23.2% | 3 k € | -56.0% | 6,9 k € | +5.5% | 6,5 k € | -21.0% | 8,2 k € | +1418% | -625,9 € | -31.4% | -476,5 € | -0.6% | -473,5 € | -104% | 13,1 k € | -56.9% | 30,5 k € | +16.8% | 26,1 k € | +30.6% | 20 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 81,8 k € | +6.5% | 76,8 k € | +8.1% | 71 k € | +14.8% | 61,9 k € | +27.7% | 48,4 k € | +24.0% | 39,1 k € | +11.4% | 35,1 k € | +10.1% | 31,8 k € | +15.5% | 27,6 k € | +9.2% | 25,3 k € | +13.6% | 22,2 k € | +44.8% | 15,4 k € | +73.7% | 8,8 k € | +1400% | 589,3 € | -51.5% | 1,2 k € | -28.2% | 1,7 k € | -21.9% | 2,2 k € | +120% | -11 k € | +73.5% | -41,5 k € | +38.6% | -67,6 k € |
| Total assets | 445,4 k € | -4.9% | 468,5 k € | -9.7% | 519 k € | +6.6% | 486,8 k € | -2.5% | 499,5 k € | -13.8% | 579,1 k € | -7.6% | 626,7 k € | +49.8% | 418,3 k € | -4.8% | 439,2 k € | -0.7% | 442,4 k € | -6.6% | 473,6 k € | +6.7% | 443,7 k € | -30.1% | 635,2 k € | +107678% | 589,3 € | -51.5% | 1,2 k € | -28.2% | 1,7 k € | -21.9% | 2,2 k € | -92.1% | 27,6 k € | +127% | 12,1 k € | -29.4% | 17,2 k € |
| Cash | 77,6 k € | +18.4% | 65,6 k € | -63.4% | 179,4 k € | -9.6% | 198,4 k € | +224% | 61,2 k € | +23.8% | 49,4 k € | -71.0% | 170,6 k € | +58.9% | 107,3 k € | +87.9% | 57,1 k € | -43.9% | 101,8 k € | +7.3% | 94,9 k € | +11.2% | 85,3 k € | -22.3% | 109,9 k € | +21198% | 515,9 € | -55.8% | 1,2 k € | -29.3% | 1,6 k € | -22.4% | 2,1 k € | -80.6% | 11 k € | +87.9% | 5,8 k € | -36.7% | 9,2 k € |
| Debts | 363,2 k € | -7.3% | 391,7 k € | -12.6% | 448 k € | +28.2% | 349,5 k € | -7.9% | 379,3 k € | -19.0% | 468,3 k € | -9.9% | 519,9 k € | +34.5% | 386,4 k € | -6.1% | 411,7 k € | -1.3% | 417,2 k € | -7.6% | 451,4 k € | +5.4% | 428,4 k € | -31.6% | 626,3 k € | – | – | – | – | 38,5 k € | -28.1% | 53,6 k € | -36.8% | 84,8 k € | |||||
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 3,4 ETP | -30.6% | 4,9 ETP | -18.3% | 6,0 ETP | +100% | 3,0 ETP | +11.1% | 2,7 ETP | -6.9% | 2,9 ETP | -71.3% | 10,1 ETP | -15.8% | 12,0 ETP | -7.0% | 12,9 ETP | +5.7% | 12,2 ETP | -5.4% | 12,9 ETP | 0.0% | 12,9 ETP | -4.4% | 13,5 ETP | – | – | – | – | – | – | – | |||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 8 active · 49 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
BEGEVEL Hasselt● Active | 0416.122.179 |
Bouwfonds● Active | 0430.263.690 |
Groeiend Limburg noord● Active | 0410.132.826 |
Groeiend Limburg zuid● Active | 0408.038.418 |
Groep Medisch-Sociale Initiatieven van Limburg● Liquidation | 0450.648.043 |
OKRA-REIZEN● Active | 1023.571.912 |
Participo Limburg● Active | 0407.882.228 |
PRIVATUM● Active | 0699.533.712 |
Vriendenkring CM en MSI● Active | 0739.536.017 |
we+● Active | 0476.495.177 |
Financials
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 | 23/06/2026 | 02/07/2025 | 01/07/2024 | 04/07/2023 | 30/06/2022 | 01/07/2021 |
| General meeting | 02/06/2026 | 03/06/2025 | 04/06/2024 | 15/06/2023 | 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 02/06/2026 | 23/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 03/06/2025 | 02/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 04/06/2024 | 01/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 15/06/2023 | 04/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 07/06/2022 | 30/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 01/06/2021 | 01/07/2021 | Dutch | |
| Full model | 31/12/2019 | 24/06/2020 | 01/07/2020 | Dutch | |
| Full model | 31/12/2018 | 25/06/2019 | 03/07/2019 | Dutch | |
| Full model | 31/12/2017 | 26/06/2018 | 02/07/2018 | Dutch | |
| Full model | 31/12/2016 | 26/06/2017 | 27/06/2017 | Dutch | |
| Full model | 31/12/2015 | 16/06/2016 | 22/06/2016 | Dutch | |
| Full model | 31/12/2014 | 09/06/2015 | 19/06/2015 | Dutch | |
| Full model | 31/12/2013 | 10/06/2014 | 16/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 18/06/2013 | 20/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 23/04/2012 | 10/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 23/05/2011 | 16/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 28/06/2010 | 01/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 22/06/2009 | 30/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 23/06/2008 | 26/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 25/06/2007 | 26/06/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 8 active · 49 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates06/07/2026ONTSLAGEN - BENOEMINGEN
- Mandates20/09/2023ONTSLAGEN - BENOEMINGEN
- Registered office26/01/2023WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING
- Mandates13/12/2022ONTSLAGEN - BENOEMINGEN
- Mandates24/08/2022ONTSLAGEN - BENOEMINGEN
- Mandates23/09/2020ONTSLAGEN - BENOEMINGEN
- Mandates16/08/2019ONTSLAGEN - BENOEMINGEN
- Mandates13/03/2017ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20255 k €↓
- 2024Annual accounts 20245,7 k €↓
- 2023Annual accounts 20239,1 k €↓
- 2022Annual accounts 202213,4 k €↑
- 2021Annual accounts 20219,4 k €↑
- 2020Annual accounts 20204 k €↑
- 2019Annual accounts 20193,2 k €↓
- 2018Annual accounts 20184,3 k €↑
- 2017Annual accounts 20172,3 k €↓
- 2016Annual accounts 20163 k €↓
- 2015Annual accounts 20156,9 k €↑
- 2014Annual accounts 20146,5 k €↓
- 2013Annual accounts 20138,2 k €↑
- 2012Annual accounts 2012-625,9 €↓
- 2011Annual accounts 2011-476,5 €↓
- 2010Annual accounts 2010-473,5 €↓
- 2009Annual accounts 200913,1 k €↓
- 2008Annual accounts 200830,5 k €↑
- 2007Annual accounts 200726,1 k €↑
- 2006Annual accounts 200620 k €
- 08/08/1990IncorporationPrivate limited company