ACTIVE

NELSON LABS

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Financial year 2025 · closed on 31/12/2025

Net result

38,1 M €

-56.6% YoY

Revenue

41,3 M €

+8.3% YoY

Equity

595,3 M €

-9.1% YoY

Workforce

202,5 ETP

+15.5% YoY

What does NELSON LABS do?

NELSON LABS is a Private limited company incorporated in 1990. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Leuven. It employs on average 202,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.395.719

Incorporation

28/12/1990

Legal form

Private limited company

Registered office

Romeinse straat 12
3001 Leuven · FlandreSee on map

Contributed capital

513 876 542,73 €

Latest accounts

31/12/2025

Average workforce

202,5 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering 73100Advertising 74203Photographic activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006		2005
Income statement
Revenue	41,3 M €	+8.3%	38,1 M €	+0.1%	38,1 M €	-2.9%	39,2 M €	+32.4%	29,6 M €	+31.1%	22,6 M €	-14.5%	26,4 M €	+17.6%	22,5 M €	+26.4%	17,8 M €	-3.9%	18,5 M €	+13.6%	16,3 M €	+33.4%	12,2 M €	+22.0%	10 M €	+25.0%	8 M €		–		–		–		–		–		–		–
EBITDA	17,9 M €	+38.7%	12,9 M €	-5.7%	13,7 M €	-13.8%	15,9 M €	+26.0%	12,6 M €	+46.8%	8,6 M €	+7.1%	8 M €	+39.5%	5,7 M €	+81.6%	3,2 M €	-20.8%	4 M €	+2.5%	3,9 M €	+44.7%	2,7 M €	+52.7%	1,8 M €	+26.4%	1,4 M €	+16.9%	1,2 M €	+44.2%	828,3 k €	+257%	231,9 k €	-48.2%	447,5 k €	-36.2%	701,3 k €	+398%	140,8 k €	+8.1%	130,3 k €
Operating result	16 M €	+43.9%	11,1 M €	-11.8%	12,6 M €	-15.0%	14,9 M €	+27.0%	11,7 M €	+56.0%	7,5 M €	+8.5%	6,9 M €	+39.9%	4,9 M €	+85.8%	2,7 M €	-17.8%	3,2 M €	-2.1%	3,3 M €	+43.8%	2,3 M €	+62.5%	1,4 M €	+27.3%	1,1 M €	+33.0%	834 k €	+70.8%	488,2 k €	+1353%	-39 k €	-121%	183,6 k €	-59.3%	451,6 k €	+1814%	23,6 k €	-66.2%	69,7 k €
Net result	38,1 M €	-56.6%	87,8 M €	+927%	8,6 M €	-29.2%	12,1 M €	+36.9%	8,8 M €	+64.5%	5,4 M €	+12.7%	4,8 M €	+40.1%	3,4 M €	+84.5%	1,8 M €	-22.4%	2,4 M €	+19.8%	2 M €	+45.3%	1,4 M €	+56.2%	871,9 k €	+26.1%	691,4 k €	+48.1%	466,9 k €	+91.1%	244,4 k €	+748%	-37,7 k €	-196%	39,5 k €	-86.0%	282,7 k €	+86.3%	151,8 k €	+2523%	5,8 k €
Balance sheet
Equity	595,3 M €	-9.1%	654,8 M €	+1129%	53,3 M €	+19.1%	44,7 M €	+37.0%	32,7 M €	+37.0%	23,8 M €	+29.0%	18,5 M €	+34.6%	13,7 M €	+32.8%	10,3 M €	+20.9%	8,6 M €	+38.3%	6,2 M €	+47.1%	4,2 M €	+44.2%	2,9 M €	+42.7%	2 M €	+51.2%	1,4 M €	+54.5%	873,9 k €	+54.5%	565,6 k €	-6.3%	603,3 k €	+7.0%	563,8 k €	+101%	281,1 k €	+117%	129,3 k €
Total assets	769 M €	-6.5%	822,5 M €	+1303%	58,6 M €	+11.5%	52,6 M €	+34.4%	39,1 M €	+31.6%	29,7 M €	+30.4%	22,8 M €	+19.7%	19 M €	+3.2%	18,4 M €	+11.0%	16,6 M €	+21.7%	13,7 M €	+25.7%	10,9 M €	+25.2%	8,7 M €	+38.4%	6,3 M €	+20.2%	5,2 M €	+24.6%	4,2 M €	+58.0%	2,7 M €	+17.0%	2,3 M €	-23.8%	3 M €	+67.6%	1,8 M €	+75.0%	1 M €
Cash	27,7 M €	-67.4%	84,9 M €	+40206%	210,7 k €	-79.9%	1 M €	+19.2%	880,1 k €	-21.4%	1,1 M €	+51.9%	736,8 k €	+9.0%	676,2 k €	-75.6%	2,8 M €	+103%	1,4 M €	-3.6%	1,4 M €	-16.0%	1,7 M €	+95.0%	865,1 k €	-10.9%	970,6 k €	+143%	399,9 k €	-47.3%	758,6 k €	+367%	162,6 k €	-62.0%	427,7 k €	-6.7%	458,3 k €	+1180%	35,8 k €	-77.9%	161,8 k €
Debts	173,4 M €	+3.5%	167,6 M €	+3162%	5,1 M €	-32.7%	7,6 M €	+20.4%	6,3 M €	+11.7%	5,7 M €	+33.2%	4,3 M €	-19.6%	5,3 M €	-29.3%	7,5 M €	-3.6%	7,8 M €	+9.3%	7,1 M €	+10.8%	6,4 M €	+20.4%	5,3 M €	+33.2%	4 M €	+11.0%	3,6 M €	+17.4%	3,1 M €	+55.6%	2 M €	+28.3%	1,5 M €	-31.0%	2,2 M €	+63.2%	1,4 M €	+58.0%	865 k €
Other
Workforce	202,5 ETP	+15.5%	175,4 ETP	+0.8%	174,0 ETP	+7.5%	161,8 ETP	+24.6%	129,9 ETP	+5.5%	123,1 ETP	+6.8%	115,3 ETP	+5.8%	109,0 ETP	+5.1%	103,7 ETP	+12.5%	92,2 ETP	+14.8%	80,3 ETP	+19.0%	67,5 ETP	+24.1%	54,4 ETP	+28.9%	42,2 ETP	+14.1%	37,0 ETP	+21.7%	30,4 ETP	+9.4%	27,8 ETP	+6.9%	26,0 ETP	+23.2%	21,1 ETP	+52.9%	13,8 ETP	+24.3%	11,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 36 ended

Active mandates

GARA

Managing director · since 30 novembre 2024 · until 30 novembre 2030 · 0736.427.562

Represented by Kurt Peeters

Active

Joseph A Schrawder

Director · since 01 janvier 2021 · until 03 mai 2027

Active

Ended mandates

GARA

Director · since 30 novembre 2024 · until 30 novembre 2030 · 0736.427.562

Represented by Kurt Peeters

Ended

Bruce T Krarup

Director · since 01 janvier 2021 · until 03 mars 2023

Ended

Bruce T Krarup

Director · since 01 janvier 2021 · until 03 mai 2027

Ended

Bruce T. Karup

Director · since 01 janvier 2021 · until 03 mai 2027

Ended

At this address

Other companies at this address

Company	CBE no.
TRISKON● Active	0880.233.329

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	27/07/2026	04/07/2025	30/08/2024	28/09/2023	20/10/2022	29/12/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	15/09/2023	14/10/2022	20/12/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	27/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	04/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	15/09/2023	28/09/2023	Dutch	PDF
Full model	31/12/2021	14/10/2022	20/10/2022	Dutch	PDF
Full model	31/12/2020	20/12/2021	29/12/2021	Dutch	PDF
Full model	31/12/2019	16/09/2020	30/09/2020	Dutch	PDF
Full model	31/12/2018	17/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	14/06/2018	Dutch	PDF
Full model	31/12/2016	08/05/2017	14/06/2017	Dutch	PDF
Full model	31/12/2015	02/05/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	04/05/2015	03/07/2015	Dutch	PDF
Full model	31/12/2013	05/05/2014	15/07/2014	Dutch	PDF
Full model	31/12/2012	06/05/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	06/11/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	28/09/2007	05/12/2007	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	06/06/2007	Dutch	PDF
Abridged modelCorrection	31/12/2005	08/05/2006	01/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 36 ended

Active mandates

GARA

Managing director · since 30 novembre 2024 · until 30 novembre 2030 · 0736.427.562

Represented by Kurt Peeters

Active

Joseph A Schrawder

Director · since 01 janvier 2021 · until 03 mai 2027

Active

Ended mandates

GARA

Director · since 30 novembre 2024 · until 30 novembre 2030 · 0736.427.562

Represented by Kurt Peeters

Ended

Bruce T Krarup

Director · since 01 janvier 2021 · until 03 mars 2023

Ended

Bruce T Krarup

Director · since 01 janvier 2021 · until 03 mai 2027

Ended

Bruce T. Karup

Director · since 01 janvier 2021 · until 03 mai 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/08/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares13/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates27/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2021
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 202538,1 M €↓
2024
Annual accounts 202487,8 M €↑
02/12/2024
augmentation_capital
30/11/2024
nominationGARA BV — bestuurder
31/10/2024
augmentation_capital
12/09/2024
nominationHan WEVERS — vaste vertegenwoordiger van de commissaris
2023
Annual accounts 20238,6 M €↓
2022
Annual accounts 202212,1 M €↑
2021
Annual accounts 20218,8 M €↑
2020
Annual accounts 20205,4 M €↑
2019
Annual accounts 20194,8 M €↑
2018
Annual accounts 20183,4 M €↑
2017
Annual accounts 20171,8 M €↓
2017
Name changeNelson Labs
2016
Annual accounts 20162,4 M €↑
2015
Annual accounts 20152 M €↑
2014
Annual accounts 20141,4 M €↑
2013
Annual accounts 2013871,9 k €↑
2012
Annual accounts 2012691,4 k €↑
2011
Annual accounts 2011466,9 k €↑
2010
Annual accounts 2010244,4 k €↑
2009
Annual accounts 2009-37,7 k €↓
2008
Annual accounts 200839,5 k €↓
2007
Annual accounts 2007282,7 k €↑
2006
Annual accounts 2006151,8 k €↑
2005
Annual accounts 20055,8 k €
2005
Name changeTOXIKON EUROPE
28/12/1990
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

NELSON LABS

Overview

What does NELSON LABS do?

Trend over 21 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