ACTIVE

ORTELEC

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Financial year 2025 · closed on 30/09/2025

Net result

424 k €

-63.3% YoY

Gross margin

1,4 M €

-21.0% YoY

Equity

8,7 M €

+0.3% YoY

Workforce

11,0 ETP

-0.9% YoY

What does ORTELEC do?

ORTELEC is a Public limited company incorporated in 1991. Its main activity is: Activities of holding companies. Its registered office is in Kortemark. It employs on average 11,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.926.132

Incorporation

26/08/1991

Legal form

Public limited company

Registered office

Staatsbaan 32
8610 Kortemark · FlandreSee on map

Contributed capital

2 825 986,18 €

Latest accounts

30/09/2025

Average workforce

11,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 74151Specialised design activities 68203Rental and operating of own or leased real estate+1

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,4 M €	-21.0%	1,7 M €	-8.6%	1,9 M €	+6.9%	1,8 M €	+6.1%	1,7 M €	+8.6%	1,5 M €	-9.8%	1,7 M €	-1.9%	1,7 M €	+5.6%	1,7 M €	+17.2%	1,4 M €	+5.1%	1,3 M €	-5.4%	1,4 M €	-6.5%	1,5 M €	+5.3%	1,4 M €	+9.6%	1,3 M €	+1.1%	1,3 M €	-8.8%	1,4 M €	-3.5%	1,5 M €	+1.3%	1,5 M €
EBITDA	694,4 k €	-30.6%	1 M €	-12.8%	1,1 M €	+11.9%	1 M €	+13.9%	900,3 k €	+26.9%	709,6 k €	+5.5%	672,4 k €	-4.1%	700,8 k €	-3.4%	725,1 k €	+26.6%	573 k €	+16.7%	490,9 k €	-10.1%	546,1 k €	-16.9%	657 k €	+10.4%	594,9 k €	+17.0%	508,5 k €	-2.3%	520,4 k €	+0.8%	516,3 k €	-19.1%	638,5 k €	+13.4%	562,8 k €
Operating result	645,3 k €	-32.2%	952 k €	-14.8%	1,1 M €	+13.0%	989 k €	+13.6%	870,9 k €	+29.1%	674,6 k €	+3.9%	649,3 k €	-2.3%	664,7 k €	-2.2%	679,7 k €	+28.0%	530,9 k €	+19.2%	445,2 k €	-6.1%	474,1 k €	-16.6%	568,4 k €	+12.6%	504,8 k €	+20.9%	417,6 k €	+0.7%	414,6 k €	+4.0%	398,8 k €	-21.6%	508,7 k €	-12.7%	582,7 k €
Net result	424 k €	-63.3%	1,2 M €	-22.5%	1,5 M €	+28.6%	1,2 M €	-31.6%	1,7 M €	+312%	410,3 k €	-60.7%	1 M €	+161%	399,3 k €	-90.9%	4,4 M €	+645%	586,8 k €	+187%	204,7 k €	-31.8%	300,1 k €	-21.8%	383,6 k €	+33.8%	286,8 k €	+46.0%	196,5 k €	-19.1%	242,8 k €	+20.6%	201,4 k €	-24.8%	267,9 k €	+95.7%	136,9 k €
Balance sheet
Equity	8,7 M €	+0.3%	8,6 M €	+2.4%	8,4 M €	+16.0%	7,3 M €	+0.0%	7,3 M €	+18.0%	6,2 M €	+6.8%	5,8 M €	+22.0%	4,7 M €	-40.4%	7,9 M €	+113%	3,7 M €	-28.7%	5,2 M €	+4.1%	5 M €	-12.5%	5,7 M €	+0.9%	5,7 M €	+0.2%	5,7 M €	+0.1%	5,7 M €	+0.7%	5,6 M €	+0.2%	5,6 M €	+1.7%	5,5 M €
Total assets	16,3 M €	+66.8%	9,8 M €	+1.0%	9,7 M €	+10.2%	8,8 M €	+1.0%	8,7 M €	+1.1%	8,6 M €	-7.5%	9,3 M €	-10.9%	10,4 M €	-28.1%	14,5 M €	+23.2%	11,8 M €	-4.7%	12,4 M €	-8.1%	13,4 M €	-0.2%	13,5 M €	+0.6%	13,4 M €	+1.0%	13,3 M €	-0.2%	13,3 M €	-0.2%	13,3 M €	+0.9%	13,2 M €	+1.4%	13 M €
Cash	519,7 k €	+1233%	39 k €	-72.3%	140,5 k €	-74.0%	540,8 k €	+1091%	45,4 k €	-43.0%	79,6 k €	-58.6%	192,3 k €	+4.9%	183,2 k €	+39.3%	131,5 k €	-55.9%	298,1 k €	-39.8%	495,5 k €	-38.6%	807,2 k €	+2.7%	786 k €	+29.4%	607,2 k €	+38.0%	439,9 k €	-18.4%	539,2 k €	-25.1%	720,4 k €	+115%	334,4 k €	-41.1%	567,7 k €
Debts	7,6 M €	+592%	1,1 M €	-8.7%	1,2 M €	-18.3%	1,5 M €	+7.7%	1,4 M €	-41.7%	2,3 M €	-28.9%	3,3 M €	-38.9%	5,4 M €	-15.9%	6,4 M €	-18.3%	7,9 M €	+10.6%	7,1 M €	-12.6%	8,1 M €	+9.3%	7,4 M €	+0.3%	7,4 M €	+1.7%	7,3 M €	-0.8%	7,4 M €	-0.8%	7,4 M €	+1.5%	7,3 M €	+1.2%	7,2 M €
Other
Workforce	11,0 ETP	-0.9%	11,1 ETP	-3.5%	11,5 ETP	-15.4%	13,6 ETP	+7.9%	12,6 ETP	-11.3%	14,2 ETP	-6.0%	15,1 ETP	+2.0%	14,8 ETP	+13.0%	13,1 ETP	+12.0%	11,7 ETP	+4.5%	11,2 ETP	-2.6%	11,5 ETP	-3.4%	11,9 ETP	+6.3%	11,2 ETP	-0.9%	11,3 ETP	+2.7%	11,0 ETP	-11.3%	12,4 ETP	-4.6%	13,0 ETP	+11.1%	11,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 12 ended

Active mandates

Jonahold

Managing director · since 20 février 2020 · 0656.724.147

Represented by Jonathan Lecluyse

Active

Ended mandates

Jonahold

Managing director · since 30 juin 2016 · until 20 février 2020 · 0656.724.147

Represented by Jonathan Lecluyse

Ended

Jonahold

Managing director · since 30 juin 2016 · until 15 février 2022 · 0656.724.147

Represented by Jonathan Lecluyse

Ended

Jonathan LECLUYSE

Managing director · since 26 février 2016 · until 30 juin 2016

Ended

KOR-INVEST Comm. VA

Managing director · since 26 février 2016 · until 15 février 2022 · 0460.232.237

Represented by Jonathan LECLUYSE

Ended

At this address

Other companies at this address

Company	CBE no.
LECLUYSE● Active	0420.881.812

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/04/2026	14/04/2025	16/04/2024	03/04/2023	31/03/2022	14/04/2021
General meeting	21/03/2026	15/03/2025	16/03/2024	18/03/2023	19/03/2022	20/03/2021
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	30/09/2025	21/03/2026	17/04/2026	Dutch	PDF
Abridged model	30/09/2024	15/03/2025	14/04/2025	Dutch	PDF
Abridged model	30/09/2023	16/03/2024	16/04/2024	Dutch	PDF
Abridged model	30/09/2022	18/03/2023	03/04/2023	Dutch	PDF
Abridged model	30/09/2021	19/03/2022	31/03/2022	Dutch	PDF
Abridged model	30/09/2020	20/03/2021	14/04/2021	Dutch	PDF
Abridged model	30/09/2019	21/03/2020	30/03/2020	Dutch	PDF
Abridged model	30/09/2018	15/03/2019	28/03/2019	Dutch	PDF
Abridged model	30/09/2017	10/11/2017	23/02/2018	Dutch	PDF
Abridged model	30/09/2016	15/02/2017	24/03/2017	Dutch	PDF
Abridged model	30/09/2015	23/02/2016	01/03/2016	Dutch	PDF
Abridged model	30/09/2014	16/02/2015	27/02/2015	Dutch	PDF
Abridged model	30/09/2013	15/02/2014	08/04/2014	Dutch	PDF
Abridged model	30/09/2012	15/02/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	15/02/2012	22/05/2012	Dutch	PDF
Abridged model	30/09/2010	15/02/2011	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	15/02/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	16/02/2009	27/04/2009	Dutch	PDF
Abridged model	30/09/2007	15/02/2008	28/04/2008	Dutch	PDF
Abridged model	30/09/2006	14/02/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/09/2025 · 1 active · 12 ended

Active mandates

Jonahold

Managing director · since 20 février 2020 · 0656.724.147

Represented by Jonathan Lecluyse

Active

Ended mandates

Jonahold

Managing director · since 30 juin 2016 · until 20 février 2020 · 0656.724.147

Represented by Jonathan Lecluyse

Ended

Jonahold

Managing director · since 30 juin 2016 · until 15 février 2022 · 0656.724.147

Represented by Jonathan Lecluyse

Ended

Jonathan LECLUYSE

Managing director · since 26 février 2016 · until 30 juin 2016

Ended

KOR-INVEST Comm. VA

Managing director · since 26 février 2016 · until 15 février 2022 · 0460.232.237

Represented by Jonathan LECLUYSE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/02/2020
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates12/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2003
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 2025424 k €↓
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20231,5 M €↑
2022
Annual accounts 20221,2 M €↓
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 2020410,3 k €↓
2019
Annual accounts 20191 M €↑
2018
Annual accounts 2018399,3 k €↓
2017
Annual accounts 20174,4 M €↑
2016
Annual accounts 2016586,8 k €↑
2015
Annual accounts 2015204,7 k €↓
2014
Annual accounts 2014300,1 k €↓
2013
Annual accounts 2013383,6 k €↑
2012
Annual accounts 2012286,8 k €↑
2011
Annual accounts 2011196,5 k €↓
2010
Annual accounts 2010242,8 k €↑
2009
Annual accounts 2009201,4 k €↓
2008
Annual accounts 2008267,9 k €↑
2007
Annual accounts 2007136,9 k €
26/08/1991
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

ORTELEC

Overview

What does ORTELEC 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