ACTIVE

LBG ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

7,1 k €

-17.3% YoY

Gross margin

135,9 k €

-18.5% YoY

Equity

378,5 k €

+1.9% YoY

Workforce

2,1 ETP

-12.5% YoY

What does LBG ENGINEERING do?

LBG ENGINEERING is a Private limited company incorporated in 1992. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Gent. It employs on average 2,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.711.022

Incorporation

07/07/1992

Legal form

Private limited company

Registered office

Admiraaldreef 10
9040 Gent · FlandreSee on map

Contributed capital

43 381,37 €

Latest accounts

31/12/2025

Average workforce

2,1 ETP

Activities (NACE)

46742Wholesale of hardware, plumbing and heating equipment and supplies· main 46842Wholesale trade, except of motor vehicles and motorcycles 47527Retail sale of hardware, paints and glass in specialised stores 47527Retail sale of hardware, paints and glass in specialised stores 51542Air transport 43211Electrical installation+11

Joint committees (2)

14904
218

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 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	135,9 k €	-18.5%	166,7 k €	+67.8%	99,3 k €	-55.2%	221,7 k €	+78.2%	124,4 k €	-13.5%	143,7 k €	+54.5%	93 k €	-31.7%	136,3 k €	-3.5%	141,2 k €	+45.8%	96,8 k €	-6.8%	103,9 k €	-29.3%	146,9 k €	-5.2%	154,9 k €	+1.5%	152,7 k €	+2.3%	149,3 k €	-3.5%	154,7 k €	+8.9%	142,1 k €	+14.6%	123,9 k €	+31.5%	94,2 k €	+17.7%	80 k €
EBITDA	23 k €	-31.1%	33,4 k €	+238%	-24,2 k €	-119%	125,5 k €	+112%	59,3 k €	-36.0%	92,6 k €	+141%	38,4 k €	-52.9%	81,5 k €	-7.0%	87,6 k €	+132%	37,7 k €	+7.7%	35 k €	-50.6%	70,8 k €	+25.2%	56,6 k €	-15.1%	66,7 k €	-24.0%	87,7 k €	-8.7%	96,1 k €	+47.7%	65 k €	-18.8%	80,1 k €	-8.3%	87,4 k €	+19.3%	73,2 k €
Operating result	8,9 k €	-49.9%	17,8 k €	+141%	-42,9 k €	-144%	98,3 k €	+209%	31,8 k €	-52.5%	67 k €	+1520%	4,1 k €	-92.3%	53,4 k €	-20.5%	67,2 k €	+286%	17,4 k €	+26.2%	13,8 k €	-66.8%	41,6 k €	+52.2%	27,3 k €	-35.2%	42,2 k €	-30.2%	60,4 k €	-15.1%	71,1 k €	+101%	35,4 k €	-32.8%	52,6 k €	-13.3%	60,7 k €	+20.3%	50,4 k €
Net result	7,1 k €	-17.3%	8,5 k €	+118%	-46,5 k €	-159%	78,5 k €	+285%	20,4 k €	-65.9%	59,8 k €	+2189%	2,6 k €	-94.1%	44,5 k €	-5.7%	47,2 k €	+360%	10,3 k €	+121%	4,6 k €	-84.6%	30,2 k €	+348%	6,7 k €	-76.6%	28,7 k €	+0.6%	28,5 k €	-0.3%	28,6 k €	+515%	4,7 k €	-75.0%	18,6 k €	-21.0%	23,5 k €	+30.2%	18,1 k €
Balance sheet
Equity	378,5 k €	+1.9%	371,5 k €	+2.4%	362,9 k €	-11.3%	409,4 k €	+23.7%	330,9 k €	+6.6%	310,5 k €	+23.9%	250,7 k €	+1.1%	248,1 k €	+21.9%	203,5 k €	+1.1%	201,3 k €	-14.3%	234,8 k €	+2.0%	230,2 k €	+11.7%	206 k €	+3.4%	199,2 k €	+16.8%	170,5 k €	+20.1%	142 k €	+25.3%	113,4 k €	+4.3%	108,7 k €	+20.6%	90,1 k €	+35.4%	66,6 k €
Total assets	925,1 k €	+2.1%	906,3 k €	+2.1%	887,4 k €	-21.0%	1,1 M €	+27.1%	883,4 k €	+1.5%	870,2 k €	+23.5%	704,7 k €	-0.7%	709,9 k €	+6.3%	667,8 k €	-0.9%	673,7 k €	-5.5%	712,8 k €	-8.2%	776,7 k €	+2.4%	758,8 k €	-4.0%	790,8 k €	-2.0%	806,7 k €	-5.4%	852,9 k €	+1.7%	838,5 k €	+4.5%	802,2 k €	-3.8%	833,5 k €	+5.3%	791,2 k €
Cash	33,7 k €	+390%	6,9 k €	+37.2%	5 k €	-91.0%	55,3 k €	+287%	14,3 k €	-70.3%	48,1 k €		–		22,1 k €		–		–		–		26 k €		–		427,1 €		–		14,1 k €		–		–		–		–
Debts	546,6 k €	+2.2%	534,8 k €	+2.0%	524,4 k €	-26.5%	713 k €	+29.1%	552,3 k €	-1.3%	559,5 k €	+23.2%	454 k €	-1.7%	461,9 k €	-0.5%	464,2 k €	-1.7%	472,4 k €	-1.2%	478 k €	-12.5%	546,6 k €	-1.1%	552,8 k €	-6.5%	591,5 k €	-7.0%	636,2 k €	-10.5%	710,9 k €	-1.9%	724,4 k €	+4.6%	692,7 k €	-6.6%	741,5 k €	+2.3%	724,7 k €
Other
Workforce	2,1 ETP	-12.5%	2,4 ETP	0.0%	2,4 ETP	+4.3%	2,3 ETP	+130%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP	-40.9%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	-21.4%	2,8 ETP	-15.2%	3,3 ETP	-5.7%	3,5 ETP	+94.4%	1,8 ETP	+28.6%	1,4 ETP	+367%	0,3 ETP	0.0%	0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

CAROLINE NEIRYNCK

Director · since 12 décembre 2023

Active

JAN LATTREZ

Manager

Active

Ended mandates

Caroline NEIRYNCK

Director · since 01 août 2000

Ended

Jan LATTREZ

Director · since 07 juillet 1992

Ended

CAROLINE NEIRYNCK

Mandate

Ended

JAN LATTREZ

Mandate

Ended

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	13/07/2026	17/07/2025	01/07/2024	03/07/2023	14/07/2022	28/06/2021
General meeting	26/06/2026	15/07/2025	27/06/2024	30/06/2023	12/07/2022	25/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	15/07/2025	17/07/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	12/07/2022	14/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	07/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	04/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	03/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	17/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 2 active · 4 ended

Active mandates

CAROLINE NEIRYNCK

Director · since 12 décembre 2023

Active

JAN LATTREZ

Manager

Active

Ended mandates

Caroline NEIRYNCK

Director · since 01 août 2000

Ended

Jan LATTREZ

Director · since 07 juillet 1992

Ended

CAROLINE NEIRYNCK

Mandate

Ended

JAN LATTREZ

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares17/07/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/09/2002
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 20257,1 k €↓
2024
Annual accounts 20248,5 k €↑
2023
Annual accounts 2023-46,5 k €↓
2022
Annual accounts 202278,5 k €↑
2021
Annual accounts 202120,4 k €↓
2020
Annual accounts 202059,8 k €↑
2019
Annual accounts 20192,6 k €↓
2018
Annual accounts 201844,5 k €↓
2017
Annual accounts 201747,2 k €↑
2016
Annual accounts 201610,3 k €↑
2015
Annual accounts 20154,6 k €↓
2014
Annual accounts 201430,2 k €↑
2013
Annual accounts 20136,7 k €↓
2012
Annual accounts 201228,7 k €↑
2011
Annual accounts 201128,5 k €↓
2010
Annual accounts 201028,6 k €↑
2009
Annual accounts 20094,7 k €↓
2008
Annual accounts 200818,6 k €↓
2007
Annual accounts 200723,5 k €↑
2006
Annual accounts 200618,1 k €
07/07/1992
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

LBG ENGINEERING

Overview

What does LBG ENGINEERING 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