ACTIVE

LD3

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Financial year 2025 · closed on 31/12/2025

Net result

2,7 k €

+104.0% YoY

Gross margin

1,1 M €

+19.5% YoY

Equity

3,7 M €

-1.9% YoY

Workforce

15,4 ETP

+10.0% YoY

What does LD3 do?

LD3 is a Non-profit organization incorporated in 1993. Its main activity is: Technical and vocational secondary education. Its registered office is in Bruxelles. It employs on average 15,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.403.374

Incorporation

21/01/1993

Legal form

Non-profit organization

Registered office

Rue Marcq 25
1000 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

15,4 ETP

Activities (NACE)

85323Technical and vocational secondary education· main 88102Social work activities without accommodation for the elderly and disabled 88102Social work activities without accommodation for the elderly and disabled 88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.

Joint committees (2)

329
32901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,1 M €	+19.5%	932,1 k €	-18.1%	1,1 M €	+17.7%	967,6 k €	-7.1%	1 M €	+20.8%	861,9 k €	+50.0%	574,6 k €	+5.1%	546,7 k €	+3.7%	527 k €	+72.8%	305 k €	-4.9%	320,6 k €	+21.2%	264,5 k €	+9.0%	242,6 k €	-22.1%	311,5 k €	+35.1%	230,5 k €	+15.2%	200 k €	-14.6%	234,3 k €	+15.1%	203,5 k €
EBITDA	135 k €	+146%	54,8 k €	-77.1%	239,3 k €	+162%	91,4 k €	-48.6%	177,8 k €	+14.2%	155,7 k €	+101%	77,6 k €	-20.5%	97,5 k €	+2.1%	95,5 k €	+89.6%	50,4 k €	-78.9%	238,9 k €	+592%	34,5 k €	+258%	9,6 k €	-84.4%	62 k €	+250%	-41,4 k €	+39.8%	-68,7 k €	-1452%	5,1 k €	-87.9%	42 k €
Operating result	3,5 k €	+105%	-77,2 k €	-174%	104,2 k €	+325%	-46,3 k €	-215%	40,1 k €	+313%	9,7 k €	-77.3%	42,7 k €	-35.5%	66,2 k €	+2.5%	64,6 k €	+42.1%	45,4 k €	-77.3%	200,2 k €	+29740%	671 €	-87.7%	5,5 k €	-90.5%	57,5 k €	+215%	-50 k €	+34.6%	-76,3 k €	-3424%	-2,2 k €	-106%	35 k €
Net result	2,7 k €	+104%	-68,7 k €	-164%	107,3 k €	+335%	-45,7 k €	-217%	39,1 k €	+318%	9,3 k €	-78.1%	42,8 k €	-34.2%	65 k €	-1.5%	66 k €	+121%	29,8 k €	-84.3%	190 k €	+2096%	-9,5 k €	-1268%	815 €	-98.8%	67,3 k €	+261%	-41,7 k €	+43.8%	-74,3 k €	-4655%	1,6 k €	-95.1%	33,1 k €
Balance sheet
Equity	3,7 M €	-1.9%	3,8 M €	-4.7%	4 M €	-0.4%	4 M €	-4.0%	4,2 M €	+0.8%	4,1 M €	+2.2%	4,1 M €	+5.6%	3,8 M €	+145%	1,6 M €	+211%	503,3 k €	-5.3%	531,5 k €	+195%	180,1 k €	+117%	83,1 k €	+1.0%	82,3 k €	+449%	15 k €	-73.6%	56,7 k €	-56.7%	131,1 k €	+1.3%	129,4 k €
Total assets	3,9 M €	-4.6%	4,1 M €	-2.3%	4,2 M €	-0.7%	4,3 M €	-7.3%	4,6 M €	+5.9%	4,3 M €	+1.8%	4,3 M €	+7.6%	4 M €	+138%	1,7 M €	+189%	577,4 k €	-38.2%	933,8 k €	+10.7%	843,5 k €	+51.2%	558 k €	+55.1%	359,8 k €	+98.3%	181,5 k €	-8.2%	197,6 k €	-14.5%	231,2 k €	+23.6%	187,1 k €
Cash	255,6 k €	+244%	74,4 k €	-22.2%	95,7 k €	-49.0%	187,7 k €	-47.5%	357,5 k €	+31.1%	272,6 k €	-51.8%	565,2 k €	-41.7%	969,3 k €	+67.2%	579,6 k €	+13.7%	509,6 k €	+451%	92,5 k €	+68.2%	55 k €	+336%	12,6 k €	-29.3%	17,9 k €	+20.8%	14,8 k €	-41.6%	25,3 k €	-86.0%	180,4 k €	+154%	70,9 k €
Debts	205,3 k €	-33.2%	307,5 k €	+43.1%	214,8 k €	-8.3%	234,3 k €	+36.1%	172,2 k €	+31.1%	131,3 k €	+5.5%	124,5 k €	+47.0%	84,7 k €	-0.9%	85,5 k €	+15.3%	74,1 k €	-81.6%	402,4 k €	-17.0%	484,7 k €	+63.8%	296 k €	+171%	109 k €	+282%	28,6 k €	-42.5%	49,7 k €	+5.5%	47,1 k €	+17.3%	40,2 k €
Other
Workforce	15,4 ETP	+10.0%	14,0 ETP	-15.7%	16,6 ETP	-1.8%	16,9 ETP	-8.2%	18,4 ETP	+25.2%	14,7 ETP	+153%	5,8 ETP	-37.0%	9,2 ETP	+1.1%	9,1 ETP	+54.2%	5,9 ETP	-7.8%	6,4 ETP	+14.3%	5,6 ETP	-5.1%	5,9 ETP	+1.7%	5,8 ETP	-9.4%	6,4 ETP	-14.7%	7,5 ETP	+33.9%	5,6 ETP	-1.8%	5,7 ETP

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 31/12/2025 · 8 active · 87 ended

Active mandates

Ermelinda Struelens

Director

Active

Grieke Forceville

Director

Active

Ilse Van der Veken

Director

Active

Inge Verhaegen

Director

Active

Isabelle De Meyere

Director

Active

Jan Vandekerckhove

Director

Active

Joeri Colson

Director

Active

Steven Gibens

Director

Active

Ended mandates

Isabelle De Meyere

Chairman of the board of directors · since 28 mars 2023

Ended

Jan Vandekerckhove

Director · since 28 mars 2023

Ended

Linda Streulens

Director · since 28 mars 2023

Ended

Maarten Janssens

Chairman of the board of directors · since 28 mars 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Association Beguinage● Active	0408.937.053
QUALIS● Active	0458.032.614

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	02/06/2026	13/06/2025	03/06/2024	15/06/2023	08/06/2022	17/05/2021
General meeting	26/05/2026	03/06/2025	16/05/2024	12/06/2023	21/04/2022	24/03/2021
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	31/12/2025	26/05/2026	02/06/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	13/06/2025	Dutch	PDF
Abridged model	31/12/2023	16/05/2024	03/06/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	21/04/2022	08/06/2022	Dutch	PDF
Abridged model	31/12/2020	24/03/2021	17/05/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	17/04/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	18/04/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	29/03/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/04/2015	15/01/2016	Dutch	PDF
Abridged model	31/12/2013	08/04/2014	08/05/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/04/2012	09/05/2012	Dutch	PDF
Abridged model	31/12/2010	09/02/2011	18/03/2011	Dutch	PDF
Abridged model	31/12/2009	31/03/2010	26/04/2010	Dutch	PDF
Abridged model	31/12/2008	27/02/2009	27/03/2009	Dutch	PDF
Abridged model	31/12/2007	21/03/2008	17/04/2008	Dutch	PDF
Abridged model	31/12/2006	21/03/2007	22/05/2007	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 31/12/2025 · 8 active · 87 ended

Active mandates

Ermelinda Struelens

Director

Active

Grieke Forceville

Director

Active

Ilse Van der Veken

Director

Active

Inge Verhaegen

Director

Active

Isabelle De Meyere

Director

Active

Jan Vandekerckhove

Director

Active

Joeri Colson

Director

Active

Steven Gibens

Director

Active

Ended mandates

Isabelle De Meyere

Chairman of the board of directors · since 28 mars 2023

Ended

Jan Vandekerckhove

Director · since 28 mars 2023

Ended

Linda Streulens

Director · since 28 mars 2023

Ended

Maarten Janssens

Chairman of the board of directors · since 28 mars 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other16/07/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office18/04/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/02/2017
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 20252,7 k €↑
2024
Annual accounts 2024-68,7 k €↓
2023
Annual accounts 2023107,3 k €↑
2022
Annual accounts 2022-45,7 k €↓
2021
Annual accounts 202139,1 k €↑
2020
Annual accounts 20209,3 k €↓
2019
Annual accounts 201942,8 k €↓
2018
Annual accounts 201865 k €↓
2017
Annual accounts 201766 k €↑
2016
Annual accounts 201629,8 k €↓
2015
Annual accounts 2015190 k €↑
2014
Annual accounts 2014-9,5 k €↓
2013
Annual accounts 2013815 €↓
2012
Annual accounts 201267,3 k €↑
2011
Annual accounts 2011-41,7 k €↑
2010
Annual accounts 2010-74,3 k €↓
2009
Annual accounts 20091,6 k €↓
2008
Annual accounts 200833,1 k €
21/01/1993
IncorporationNon-profit organization

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

LD3

Overview

What does LD3 do?

Trend over 18 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