ACTIVE

LIMELCO (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

5,5 M €

+448.9% YoY

Revenue

275,3 M €

+42.0% YoY

Equity

31 M €

+21.6% YoY

Workforce

173,2 ETP

+8.2% YoY

What does LIMELCO do?

LIMELCO is a Public limited company incorporated in 1993. Its registered office is in Zonhoven. It employs on average 173,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.994.084

Incorporation

30/03/1993

Legal form

Public limited company

Registered office

Genkerbaan 71-75
3520 Zonhoven · FlandreSee on map

Contributed capital

6 150 000,00 €

Latest accounts

31/12/2025

Average workforce

173,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	275,3 M €	+42.0%	193,9 M €	+12.4%	172,6 M €	-11.8%	195,7 M €	+78.8%	109,4 M €	-8.4%	119,5 M €	-11.1%	134,4 M €	+28.6%	104,5 M €	-21.8%	133,7 M €	-29.0%	188,2 M €	+248%	54,1 M €	-0.2%	54,3 M €	-1.4%	55 M €	+0.0%	55 M €	-20.7%	69,4 M €	-34.4%	105,8 M €	+49.8%	70,6 M €
EBITDA	11,9 M €	+91.0%	6,3 M €	-28.6%	8,8 M €	+240%	2,6 M €	-52.7%	5,5 M €	-18.3%	6,7 M €	+12.0%	6 M €	-5.8%	6,3 M €	+5.7%	6 M €	-11.0%	6,7 M €	+2402%	269 k €	-80.0%	1,3 M €	+20.4%	1,1 M €	-37.1%	1,8 M €	-9.2%	2 M €	+453%	-552,4 k €	-120%	2,7 M €
Operating result	6,3 M €	+748%	-965,4 k €	-129%	3,3 M €	+395%	-1,1 M €	-167%	1,7 M €	-30.0%	2,4 M €	-22.3%	3,1 M €	-9.4%	3,4 M €	+102%	1,7 M €	+209%	545,7 k €	+133%	-1,6 M €	-107%	-790,4 k €	-3.0%	-767,4 k €	-42.1%	-540 k €	+35.7%	-840,4 k €	+74.1%	-3,2 M €	-1211%	291,8 k €
Net result	5,5 M €	+449%	-1,6 M €	-152%	3,1 M €	+407%	-999,5 k €	-157%	1,8 M €	+29.7%	1,4 M €	-45.1%	2,5 M €	-26.8%	3,4 M €	+12.1%	3 M €	+559%	456,3 k €	+128%	-1,6 M €	-104%	-793,4 k €	+2.4%	-812,5 k €	-26.4%	-642,5 k €	+49.2%	-1,3 M €	+62.7%	-3,4 M €	-1144%	324,2 k €
Balance sheet
Equity	31 M €	+21.6%	25,5 M €	-6.0%	27,1 M €	+14.8%	23,6 M €	+63.1%	14,5 M €	+13.7%	12,7 M €	+20.1%	10,6 M €	+29.5%	8,2 M €	+71.0%	4,8 M €	+157%	1,9 M €	+14.5%	1,6 M €	-50.9%	3,3 M €	-9.7%	3,7 M €	-17.9%	4,5 M €	-12.5%	5,1 M €	-19.8%	6,4 M €	-34.8%	9,8 M €
Total assets	89,4 M €	+21.2%	73,8 M €	+18.1%	62,5 M €	-6.2%	66,6 M €	+91.1%	34,9 M €	+2.2%	34,1 M €	-1.1%	34,5 M €	+10.6%	31,2 M €	+7.9%	28,9 M €	-6.4%	30,9 M €	+55.4%	19,9 M €	-4.0%	20,7 M €	+15.7%	17,9 M €	-4.2%	18,7 M €	-18.1%	22,8 M €	-19.2%	28,2 M €	-1.9%	28,8 M €
Cash	6,4 M €	+266%	1,7 M €	-45.2%	3,2 M €	-45.4%	5,8 M €	+1614%	340,1 k €	-55.0%	756,3 k €	-63.7%	2,1 M €	+72.8%	1,2 M €	-39.7%	2 M €	+483%	342,5 k €	+2707%	12,2 k €	-93.6%	190,5 k €	-55.1%	424,6 k €	-22.9%	550,9 k €	+7299%	7,4 k €	-98.1%	383,9 k €	+77.2%	216,6 k €
Debts	57,7 M €	+19.6%	48,3 M €	+36.5%	35,4 M €	-17.7%	43 M €	+113%	20,2 M €	-4.3%	21,1 M €	-10.6%	23,6 M €	+3.7%	22,8 M €	-4.6%	23,9 M €	-16.9%	28,8 M €	+60.2%	18 M €	+5.5%	17 M €	+23.1%	13,8 M €	-0.1%	13,8 M €	-21.3%	17,6 M €	-19.4%	21,8 M €	+15.1%	18,9 M €
Other
Workforce	173,2 ETP	+8.2%	160,1 ETP	-0.1%	160,2 ETP	+5.0%	152,5 ETP	-0.7%	153,5 ETP	-3.0%	158,3 ETP	+2.7%	154,1 ETP	-3.5%	159,7 ETP	+5.7%	151,1 ETP	+4.8%	144,2 ETP	+3.1%	139,8 ETP	-3.3%	144,6 ETP	-1.1%	146,2 ETP	+1.0%	144,7 ETP	-2.0%	147,6 ETP	-0.9%	149,0 ETP	+4.0%	143,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 36 ended

Active mandates

GILBERT'S MANAGEMENT COMPANY

Director · since 28 avril 2025 · until 28 avril 2031 · 0441.609.722

Represented by Antonio Rodriguez

Active

GILBERT'S MANAGEMENT COMPANY

Director · since 17 mai 2024 · until 28 avril 2025 · 0441.609.722

Represented by Nathalie Nijs

Active

Ended mandates

BOGAERTS CONSULTING

Director · since 24 mars 2020 · until 20 décembre 2024 · 0476.229.616

Represented by Guy BOGAERTS

Ended

BOGAERTS CONSULTING

Director · since 24 mars 2020 · until 30 mai 2025 · 0476.229.616

Represented by Guy BOGAERTS

Ended

BOGAERTS CONSULTING

Director · since 24 mars 2020 · until 30 mai 2025 · 0476.229.616

Represented by Guy BOGAERTS

Ended

GILBERT'S MANAGEMENT COMPANY

Managing director · since 24 mars 2020 · 0441.609.722

Represented by Nathalie NIJS

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	01/06/2026	26/06/2025	14/06/2024	19/06/2023	23/06/2022	15/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	01/06/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	26/06/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	14/06/2024	Dutch	PDF
Full model	31/12/2022	26/05/2023	19/06/2023	Dutch	PDF
Full model	31/12/2021	27/05/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	15/07/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	22/07/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	17/06/2019	Dutch	PDF
Full model	31/12/2017	25/05/2018	16/07/2018	Dutch	PDF
Full model	31/12/2016	26/05/2017	12/06/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	05/07/2016	Dutch	PDF
Full model	30/09/2014	27/03/2015	31/03/2015	Dutch	PDF
Full model	31/12/2012	30/06/2013	29/07/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	27/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	16/08/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	16/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	10/07/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	16/07/2008	Dutch	PDF
Full model	31/12/2006	20/04/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 2 active · 36 ended

Active mandates

GILBERT'S MANAGEMENT COMPANY

Director · since 28 avril 2025 · until 28 avril 2031 · 0441.609.722

Represented by Antonio Rodriguez

Active

GILBERT'S MANAGEMENT COMPANY

Director · since 17 mai 2024 · until 28 avril 2025 · 0441.609.722

Represented by Nathalie Nijs

Active

Ended mandates

BOGAERTS CONSULTING

Director · since 24 mars 2020 · until 20 décembre 2024 · 0476.229.616

Represented by Guy BOGAERTS

Ended

BOGAERTS CONSULTING

Director · since 24 mars 2020 · until 30 mai 2025 · 0476.229.616

Represented by Guy BOGAERTS

Ended

BOGAERTS CONSULTING

Director · since 24 mars 2020 · until 30 mai 2025 · 0476.229.616

Represented by Guy BOGAERTS

Ended

GILBERT'S MANAGEMENT COMPANY

Managing director · since 24 mars 2020 · 0441.609.722

Represented by Nathalie NIJS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/11/2025
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates09/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other18/04/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring08/09/2020
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/06/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates10/04/2020
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

31/12/2025
nominationHannes Poelmans — commissaris
2025
Annual accounts 20255,5 M €↑
28/04/2025
nominationGILBERT'S MANAGEMENT COMPANY NV — bestuurder
2024
Annual accounts 2024-1,6 M €↓
21/12/2024
reconductionGILBERT's MANAGEMENT COMPANY nv — bestuurder
2023
Annual accounts 20233,1 M €↑
2022
Annual accounts 2022-999,5 k €↓
27/05/2022
reconductionDELOITTE BEDRIJFSREVISOREN BV — commissaris
2019
Annual accounts 20191,8 M €↑
2018
Annual accounts 20181,4 M €↓
2017
Annual accounts 20172,5 M €↓
2016
Annual accounts 20163,4 M €↑
2015
Annual accounts 20153 M €↑
2014
Annual accounts 2014456,3 k €↑
2012
Annual accounts 2012-1,6 M €↓
2011
Annual accounts 2011-793,4 k €↑
2010
Annual accounts 2010-812,5 k €↓
2009
Annual accounts 2009-642,5 k €↑
2008
Annual accounts 2008-1,3 M €↑
2007
Annual accounts 2007-3,4 M €↓
2006
Annual accounts 2006324,2 k €
30/03/1993
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

LIMELCO (SA)

Overview

What does LIMELCO do?

Trend over 17 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