ACTIVE

LUPA

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Financial year 2025 · closed on 30/09/2025

Net result

12,2 k €

+119.1% YoY

Gross margin

82 k €

+543.0% YoY

Equity

1,1 M €

+1.2% YoY

What does LUPA do?

LUPA is a Private limited company incorporated in 1993. Its main activity is: Activities of holding companies. Its registered office is in Wingene.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.353.686

Incorporation

04/02/1993

Legal form

Private limited company

Registered office

Tieltstraat 18
8750 Wingene · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Signals

ProfitablePositive cashflowPositive EBITDA

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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	82 k €	+543%	12,8 k €	-91.4%	147,6 k €	-55.8%	334,1 k €	+210%	107,9 k €	-64.9%	307,2 k €	+155%	120,3 k €	+53.4%	78,4 k €	-69.4%	256,3 k €	+63.2%	157 k €	+255%	44,3 k €	+165%	-68,5 k €	-810%	9,7 k €	-90.3%	99,6 k €	-31.1%	144,6 k €	-22.4%	186,3 k €	+7.1%	173,9 k €	-35.1%	268,1 k €	+35.3%	198,2 k €
EBITDA	76,3 k €	+2544%	2,9 k €	-98.0%	141,5 k €	-55.9%	320,8 k €	+216%	101,6 k €	-65.8%	297,3 k €	+178%	106,9 k €	+109%	51,1 k €	-77.1%	223,5 k €	+48.0%	151 k €	+326%	35,4 k €	+148%	-73,2 k €	-2447%	3,1 k €	-96.7%	94,8 k €	-32.3%	140,1 k €	-23.0%	181,8 k €	+8.0%	168,3 k €	-35.1%	259,4 k €	+34.4%	193 k €
Operating result	47,5 k €	+280%	-26,4 k €	-124%	112,2 k €	-60.2%	281,6 k €	+447%	51,5 k €	-76.9%	222,8 k €	+537%	35 k €	+171%	-49 k €	-132%	153,7 k €	+59.7%	96,3 k €	+564%	-20,7 k €	+84.1%	-130,2 k €	-119%	-59,4 k €	-829%	8,1 k €	-80.0%	40,8 k €	+6.2%	38,4 k €	-2.8%	39,6 k €	-67.1%	120,3 k €	+102%	59,6 k €
Net result	12,2 k €	+119%	-64 k €	-229%	49,7 k €	-73.7%	188,8 k €	+1249%	14 k €	-92.6%	189,3 k €	+1496%	-13,6 k €	+87.9%	-112,1 k €	-221%	92,3 k €	+195%	31,2 k €	+139%	-79,5 k €	+54.7%	-175,6 k €	-75.4%	-100,1 k €	-238%	-29,6 k €	-139%	75,8 k €	+325%	17,8 k €	+104%	-454,3 k €	-520%	108,2 k €	+118%	49,5 k €
Balance sheet
Equity	1,1 M €	+1.2%	1 M €	-5.8%	1,1 M €	+4.7%	1,1 M €	+21.7%	871,9 k €	+1.6%	858 k €	+28.3%	668,6 k €	-2.0%	682,2 k €	-14.1%	794,3 k €	+13.1%	702 k €	+4.7%	670,7 k €	-10.6%	750,3 k €	-19.0%	925,8 k €	-9.8%	1 M €	-2.8%	1,1 M €	+7.7%	979,8 k €	+1.9%	961,9 k €	-32.1%	1,4 M €	+8.3%	1,3 M €
Total assets	4 M €	+4.8%	3,8 M €	+0.2%	3,8 M €	-1.1%	3,8 M €	-5.2%	4 M €	+1.1%	4 M €	+0.9%	4 M €	-0.2%	4 M €	+4.6%	3,8 M €	+7.0%	3,5 M €	+3.8%	3,4 M €	-2.0%	3,5 M €	+20.8%	2,9 M €	+1.5%	2,8 M €	-0.1%	2,8 M €	+7.5%	2,6 M €	+2.7%	2,6 M €	+13.6%	2,3 M €	-0.7%	2,3 M €
Cash	355,3 €	-97.8%	15,8 k €	+304%	3,9 k €	-96.3%	106,9 k €	+5386%	1,9 k €	-82.7%	11,2 k €	+152%	4,5 k €	-40.6%	7,5 k €	+1.0%	7,4 k €	-10.2%	8,3 k €	+507%	1,4 k €	+2.4%	1,3 k €	-86.7%	10 k €	-48.0%	19,3 k €	-55.0%	42,8 k €	+296%	10,8 k €	+2.1%	10,6 k €	+149%	4,3 k €	-66.1%	12,5 k €
Debts	2,8 M €	+6.3%	2,6 M €	+2.7%	2,6 M €	-4.5%	2,7 M €	-14.5%	3,1 M €	+0.9%	3,1 M €	-3.8%	3,2 M €	+0.2%	3,2 M €	+10.2%	2,9 M €	+5.0%	2,8 M €	+3.5%	2,7 M €	+0.1%	2,7 M €	+40.3%	1,9 M €	+8.1%	1,8 M €	-0.5%	1,8 M €	+7.4%	1,7 M €	+3.2%	1,6 M €	+89.4%	852,7 k €	-12.6%	976,1 k €
Other
Workforce	–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 2 ended

Active mandates

Filip DEMYTTENAERE

Director

Active

Hilde DE LOORE

Director

Active

Ended mandates

Filip DEMYTTENAERE

Manager

Ended

Hilde DE LOORE

Associate

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	01/10/2024	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	17/04/2025	26/04/2024	15/03/2023	25/03/2022	27/02/2021
General meeting	28/03/2026	29/03/2025	30/03/2024	24/02/2023	25/02/2022	26/02/2021
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
Micro model	30/09/2025	28/03/2026	17/04/2026	Dutch	PDF
Micro model	30/09/2024	29/03/2025	17/04/2025	Dutch	PDF
Micro model	30/09/2023	30/03/2024	26/04/2024	Dutch	PDF
Micro model	30/09/2022	24/02/2023	15/03/2023	Dutch	PDF
Micro model	30/09/2021	25/02/2022	25/03/2022	Dutch	PDF
Micro model	30/09/2020	26/02/2021	27/02/2021	Dutch	PDF
Abridged model	30/09/2019	28/02/2020	03/03/2020	Dutch	PDF
Abridged model	30/09/2018	22/02/2019	28/03/2019	Dutch	PDF
Abridged model	30/09/2017	23/02/2018	03/04/2018	Dutch	PDF
Abridged model	30/09/2016	24/02/2017	29/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/02/2016	29/02/2016	Dutch	PDF
Abridged model	30/09/2014	27/02/2015	25/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/02/2014	24/04/2014	Dutch	PDF
Abridged model	30/09/2012	22/02/2013	04/03/2013	Dutch	PDF
Abridged model	30/09/2011	24/02/2012	25/04/2012	Dutch	PDF
Abridged model	30/09/2010	25/02/2011	27/04/2011	Dutch	PDF
Abridged model	30/09/2009	26/02/2010	28/04/2010	Dutch	PDF
Abridged model	30/09/2008	27/02/2009	28/05/2009	Dutch	PDF
Abridged model	30/09/2007	29/02/2008	24/04/2008	Dutch	PDF
Abridged model	30/09/2006	23/02/2007	28/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/09/2025 · 2 active · 2 ended

Active mandates

Filip DEMYTTENAERE

Director

Active

Hilde DE LOORE

Director

Active

Ended mandates

Filip DEMYTTENAERE

Manager

Ended

Hilde DE LOORE

Associate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2023
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Restructuring07/09/2009
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring15/07/2009
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
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 202512,2 k €↑
2024
Annual accounts 2024-64 k €↓
2023
Annual accounts 202349,7 k €↓
2023
Name changeLUPA
2022
Annual accounts 2022188,8 k €↑
2022
Name changeDEMYTTENAERE F.
2021
Annual accounts 202114 k €↓
2020
Annual accounts 2020189,3 k €↑
2019
Annual accounts 2019-13,6 k €↑
2018
Annual accounts 2018-112,1 k €↓
2017
Annual accounts 201792,3 k €↑
2016
Annual accounts 201631,2 k €↑
2015
Annual accounts 2015-79,5 k €↑
2014
Annual accounts 2014-175,6 k €↓
2013
Annual accounts 2013-100,1 k €↓
2012
Annual accounts 2012-29,6 k €↓
2011
Annual accounts 201175,8 k €↑
2010
Annual accounts 201017,8 k €↑
2009
Annual accounts 2009-454,3 k €↓
2008
Annual accounts 2008108,2 k €↑
2007
Annual accounts 200749,5 k €
04/02/1993
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

LUPA

Overview

What does LUPA do?

Trend over 19 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