ACTIVE

LUDEM

Export PDF

Financial year 2025 · closed on 30/11/2025

Net result

143 k €

-37.9% YoY

Gross margin

305,5 k €

-13.5% YoY

Equity

367 k €

+63.9% YoY

What does LUDEM do?

LUDEM is a Private limited company incorporated in 1991. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.018.794

Incorporation

18/01/1991

Legal form

Private limited company

Registered office

Evarist Carpentierlaan(Kor) 7
8500 Kortrijk · FlandreSee on map

Contributed capital

140 000,00 €

Latest accounts

30/11/2025

Activities (NACE)

74879Other professional, scientific and technical activities· main 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

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	305,5 k €	-13.5%	353,2 k €	+36.1%	259,5 k €	+106%	125,7 k €	-31.0%	182,2 k €	-2.9%	187,6 k €	-13.3%	216,3 k €	+100%	108 k €	-40.9%	182,5 k €	+36.0%	134,2 k €	+79.5%	74,8 k €	-50.1%	149,8 k €	+923%	14,7 k €	-74.7%	58 k €	-14.5%	67,9 k €	+85.7%	36,6 k €	-37.7%	58,7 k €	-11.3%	66,1 k €	+161%	25,4 k €	+25.7%	20,2 k €
EBITDA	302 k €	+1197%	-27,5 k €	-111%	255,2 k €	+109%	121,9 k €	-31.5%	178,1 k €	-3.0%	183,5 k €	-13.7%	212,7 k €	+115%	98,8 k €	-44.6%	178,3 k €	+36.8%	130,3 k €	+79.0%	72,8 k €	-50.6%	147,4 k €	+1046%	12,9 k €	-76.8%	55,4 k €	-15.3%	65,4 k €	+92.7%	33,9 k €	-39.5%	56,1 k €	-13.8%	65,1 k €	+196%	22 k €	+712%	2,7 k €
Operating result	241 k €	-22.5%	310,9 k €	+36.1%	228,4 k €	+147%	92,7 k €	-38.4%	150,5 k €	-3.6%	156,1 k €	-16.3%	186,4 k €	+149%	74,9 k €	-22.4%	96,5 k €	-4.8%	101,4 k €	+120%	46,2 k €	-61.9%	121,2 k €	+974%	-13,9 k €	-171%	19,6 k €	-13.1%	22,6 k €	+369%	-8,4 k €	-161%	13,8 k €	-39.7%	22,8 k €	+1903%	1,1 k €	+148%	-2,4 k €
Net result	143 k €	-37.9%	230,1 k €	+34.0%	171,7 k €	+146%	69,9 k €	-37.3%	111,5 k €	+2.3%	109 k €	-16.9%	131,2 k €	+155%	51,5 k €	-46.8%	96,8 k €	-75.9%	402,1 k €	+776%	45,9 k €	-61.6%	119,6 k €	+108%	-1,5 M €	-14376%	-10 k €	-355%	-2,2 k €	-134%	6,5 k €	+123%	-28,8 k €	-27.1%	-22,6 k €	-0.2%	-22,6 k €	-75.7%	-12,9 k €
Balance sheet
Equity	367 k €	+63.9%	224 k €	+3729%	-6,2 k €	+96.5%	-177,9 k €	+28.2%	-247,8 k €	+31.0%	-359,3 k €	+23.3%	-468,3 k €	+21.9%	-599,5 k €	+7.9%	-651 k €	+12.9%	-747,7 k €	+35.0%	-1,1 M €	+3.8%	-1,2 M €	+9.1%	-1,3 M €	-1073%	135,2 k €	-6.9%	145,2 k €	-1.5%	147,4 k €	+4.6%	140,9 k €	-17.0%	169,7 k €	-11.8%	192,3 k €	-10.5%	214,9 k €
Total assets	575,4 k €	-19.7%	716,6 k €	+67.5%	427,8 k €	+154%	168,4 k €	-1.9%	171,7 k €	-6.0%	182,6 k €	-47.3%	346,2 k €	+43.4%	241,5 k €	-15.1%	284,3 k €	-12.5%	325,1 k €	-1.6%	330,5 k €	-2.1%	337,5 k €	+28.5%	262,7 k €	-84.6%	1,7 M €	+24.8%	1,4 M €	-2.6%	1,4 M €	-2.9%	1,4 M €	-4.1%	1,5 M €	+138%	634,6 k €	+47.5%	430,2 k €
Cash	87,4 k €	-79.8%	432 k €	+70.1%	254 k €	+3423%	7,2 k €	+580%	1,1 k €	-94.4%	19,1 k €	-87.5%	152,3 k €	+106%	74,1 k €	+852%	7,8 k €	-65.2%	22,4 k €	-0.2%	22,4 k €	+484%	3,8 k €	+93.6%	2 k €	-83.4%	12 k €	-21.0%	15,2 k €	+6472%	230,7 €	+19959%	1,2 €	-97.8%	52,9 €	-99.9%	80,1 k €	+25.0%	64 k €
Debts	208,3 k €	-57.6%	491,6 k €	+13.8%	431,9 k €	+25.8%	343,2 k €	-17.4%	415,5 k €	-22.6%	537 k €	-33.6%	808,6 k €	-3.0%	834,1 k €	-10.1%	927,4 k €	-12.8%	1,1 M €	-27.6%	1,5 M €	-3.4%	1,5 M €	-2.8%	1,6 M €	+0.3%	1,6 M €	+30.7%	1,2 M €	-3.2%	1,2 M €	-3.8%	1,3 M €	-1.9%	1,3 M €	+217%	413 k €	+119%	188,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 7 ended

Active mandates

Luc Demeyere

Director · since 25 janvier 2023

Active

Ended mandates

LANNOY AGENCIES

Director · since 01 février 2017 · 0879.566.801

Represented by Lannoy SYLVIE

Ended

LANNOY AGENCIES

Administrator - manager · since 01 février 2017 · 0879.566.801

Represented by Lannoy SYLVIE

Ended

LANNOY AGENCIES

Administrator - manager · since 01 février 2017 · 0879.566.801

Represented by SYLVIE LANNOY

Ended

LANNOY AGENCIES

Manager · since 01 février 2017 · 0879.566.801

Represented by SYLVIE LANNOY

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/03/2026	27/02/2025	16/06/2024	04/05/2023	23/05/2022	30/04/2021
General meeting	06/03/2026	31/01/2025	31/05/2024	29/04/2023	30/04/2022	30/04/2021
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 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/11/2025	06/03/2026	22/03/2026	Dutch	PDF
Micro model	30/11/2024	31/01/2025	27/02/2025	Dutch	PDF
Micro model	30/11/2023	31/05/2024	16/06/2024	Dutch	PDF
Micro model	30/11/2022	29/04/2023	04/05/2023	Dutch	PDF
Micro model	30/11/2021	30/04/2022	23/05/2022	Dutch	PDF
Micro model	30/11/2020	30/04/2021	30/04/2021	Dutch	PDF
Micro model	30/11/2019	30/04/2020	25/05/2020	Dutch	PDF
Micro model	30/11/2018	30/04/2019	12/06/2019	Dutch	PDF
Micro model	30/11/2017	30/04/2018	06/06/2018	Dutch	PDF
Abridged model	30/11/2016	29/04/2017	03/05/2017	Dutch	PDF
Abridged model	30/11/2015	30/04/2016	24/05/2016	Dutch	PDF
Abridged model	30/11/2014	30/04/2015	14/07/2015	Dutch	PDF
Abridged model	30/11/2013	30/04/2014	14/08/2014	Dutch	PDF
Abridged model	30/11/2012	30/04/2013	16/07/2013	Dutch	PDF
Abridged model	30/11/2011	30/04/2012	10/07/2012	Dutch	PDF
Abridged model	30/11/2010	30/04/2011	20/05/2011	Dutch	PDF
Abridged model	30/11/2009	30/04/2010	28/05/2010	Dutch	PDF
Abridged model	30/11/2008	30/04/2009	16/07/2009	Dutch	PDF
Abridged model	30/11/2007	30/04/2008	30/04/2008	Dutch	PDF
Abridged model	30/11/2006	30/04/2007	30/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/11/2025 · 1 active · 7 ended

Active mandates

Luc Demeyere

Director · since 25 janvier 2023

Active

Ended mandates

LANNOY AGENCIES

Director · since 01 février 2017 · 0879.566.801

Represented by Lannoy SYLVIE

Ended

LANNOY AGENCIES

Administrator - manager · since 01 février 2017 · 0879.566.801

Represented by Lannoy SYLVIE

Ended

LANNOY AGENCIES

Administrator - manager · since 01 février 2017 · 0879.566.801

Represented by SYLVIE LANNOY

Ended

LANNOY AGENCIES

Manager · since 01 février 2017 · 0879.566.801

Represented by SYLVIE LANNOY

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/02/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/05/2014
SIEGE SOCIAL
PDF
Other05/03/2013
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office04/12/2012
MAATSCHAPPELIJKE ZETEL
PDF
Registered office27/03/2008
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares18/12/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - 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

2025
Annual accounts 2025143 k €↓
2024
Annual accounts 2024230,1 k €↑
2023
Annual accounts 2023171,7 k €↑
2022
Annual accounts 202269,9 k €↓
2021
Annual accounts 2021111,5 k €↑
2020
Annual accounts 2020109 k €↓
2019
Annual accounts 2019131,2 k €↑
2018
Annual accounts 201851,5 k €↓
2017
Annual accounts 201796,8 k €↓
2016
Annual accounts 2016402,1 k €↑
2015
Annual accounts 201545,9 k €↓
2014
Annual accounts 2014119,6 k €↑
2013
Annual accounts 2013-1,5 M €↓
2012
Annual accounts 2012-10 k €↓
2011
Annual accounts 2011-2,2 k €↓
2010
Annual accounts 20106,5 k €↑
2009
Annual accounts 2009-28,8 k €↓
2008
Annual accounts 2008-22,6 k €↓
2007
Annual accounts 2007-22,6 k €↓
2006
Annual accounts 2006-12,9 k €
18/01/1991
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

LUDEM

Overview

What does LUDEM do?

Trend over 20 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