ACTIVE

LENAERTS

Financial year 2025 · closed on 31/12/2025
Net result
1,6 M €
-47.9% YoY
Revenue
20,7 M €
-9.5% YoY
Equity
10,1 M €
+18.9% YoY
Workforce
47,7 ETP
+9.4% YoY

What does LENAERTS do?

LENAERTS is a Public limited company incorporated in 1993. Its registered office is in Houthalen-Helchteren. It employs on average 47,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0450.996.946
Incorporation
30/09/1993
Legal form
Public limited company
Registered office
Europark 1086
3530 Houthalen-Helchteren · FlandreSee on map
Contributed capital
608 300,00 €
Latest accounts
31/12/2025
Average workforce
47,7 ETP
Joint committees (4)
  • 124
  • 14901
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Revenue20,7 M €22,9 M €19,6 M €23,1 M €15,6 M €14,6 M €11,6 M €10,8 M €10,4 M €20,2 M €10,3 M €11,2 M €8,9 M €9,4 M €9,4 M €7,4 M €7 M €10,7 M €9,6 M €
EBITDA2,3 M €4 M €2,9 M €3,2 M €2,5 M €1,6 M €1,4 M €634,8 k €380,4 k €767,4 k €461,7 k €523,2 k €476,3 k €265 k €231,9 k €478,6 k €355,7 k €259,9 k €505,1 k €
Operating result2 M €3,9 M €2,8 M €3 M €2,4 M €1,5 M €1,3 M €537,5 k €294,9 k €604 k €314,5 k €293,7 k €245,4 k €180,5 k €157 k €181,1 k €125,6 k €196,9 k €356,6 k €
Net result1,6 M €3,1 M €2,2 M €2,3 M €1,7 M €1,1 M €847,1 k €339 k €155,5 k €354,4 k €153,5 k €128,3 k €98,3 k €81,1 k €54,3 k €77,8 k €46,1 k €43,7 k €136,3 k €
Balance sheet
Equity10,1 M €8,5 M €5,4 M €3,2 M €3,6 M €2,5 M €2,3 M €2 M €1,9 M €1,8 M €1,8 M €1,8 M €1,8 M €1,7 M €1,6 M €1,6 M €1,5 M €1,2 M €1,1 M €
Total assets12,7 M €12,7 M €9,8 M €8,7 M €8,4 M €8 M €6,2 M €5 M €5,3 M €9,8 M €6,2 M €6,1 M €4,9 M €5,6 M €5,5 M €5,1 M €5,1 M €5,2 M €4,7 M €
Cash231,3 k €295,9 k €239,8 k €3 M €4,2 M €4,6 M €3,2 M €2 M €1,1 M €4,6 M €1,6 M €1,1 M €804,6 k €783,2 k €601,4 k €720,5 k €557 k €753,8 k €693,1 k €
Debts2,6 M €4,2 M €4,2 M €5,4 M €4,7 M €5,5 M €3,9 M €2,9 M €3,4 M €7,9 M €4,4 M €4,3 M €3,1 M €3,9 M €3,9 M €3,6 M €3,6 M €4 M €3,6 M €
Other
Workforce47,7 ETP43,6 ETP41,1 ETP40,6 ETP41,6 ETP40,9 ETP40,2 ETP41,7 ETP43,4 ETP46,3 ETP51,3 ETP50,8 ETP50,9 ETP49,8 ETP50,2 ETP45,5 ETP45,1 ETP49,3 ETP46,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

WILLCO

Director · since 02 juin 2025 · until 02 juin 2031 · 0783.441.482

Represented by Wim Geens

Active
Cristallo TopCo

Director · since 31 juillet 2022 · until 31 mai 2028 · 0787.628.419

Represented by Monballieu Ruben

Active
ILENCO

Managing director · since 01 juillet 2022 · until 31 mai 2028 · 0568.502.350

Represented by Ilse Lenaerts

Active

Ended mandates

WILLCO

Director · since 02 juillet 2025 · 0783.441.482

Represented by Wim GEENS

Ended
Cristallo TopCo

Director · since 01 juillet 2022 · until 31 mai 2028 · 0787.628.419

Represented by Ruben Monballieu

Ended
Cristallo TopCo

Director · since 01 juillet 2022 · until 31 mai 2028 · 0787.628.419

Represented by Geert Fostier

Ended
ILENCO

Director · since 01 juillet 2022 · until 31 mai 2028 · 0568.502.350

Represented by Ilse Lenaerts

Ended
At this address

Other companies at this address

CompanyCBE no.
Cristallo TopCoActive
0787.628.419
0429.382.079
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/07/202628/07/202529/08/202431/07/202331/08/202208/08/2021
General meeting08/07/202602/07/202528/06/202430/06/202326/05/202231/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/07/202609/07/2026DutchPDF
Full model31/12/202402/07/202528/07/2025DutchPDF
Full model31/12/202328/06/202429/08/2024DutchPDF
Full model31/12/202230/06/202331/07/2023DutchPDF
Full model31/12/202126/05/202231/08/2022DutchPDF
Full model31/12/202031/05/202108/08/2021DutchPDF
Full model31/12/201931/05/202019/08/2020DutchPDF
Full model31/12/201831/05/201928/08/2019DutchPDF
Full model31/12/201731/05/201810/08/2018DutchPDF
Full model31/12/201631/05/201729/08/2017DutchPDF
Full model31/12/201531/05/201627/08/2016DutchPDF
Full model31/12/201431/05/201522/08/2015DutchPDF
Full model31/12/201331/05/201427/08/2014DutchPDF
Full model31/12/201231/05/201329/08/2013DutchPDF
Full model31/12/201131/05/201229/08/2012DutchPDF
Full model31/12/201031/05/201126/08/2011DutchPDF
Full model31/12/200931/05/201030/08/2010DutchPDF
Full model31/12/200831/05/200928/08/2009DutchPDF
Full model31/12/200731/05/200827/08/2008DutchPDF
Full model31/12/200631/05/200730/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 3 active · 22 ended

Active mandates

WILLCO

Director · since 02 juin 2025 · until 02 juin 2031 · 0783.441.482

Represented by Wim Geens

Active
Cristallo TopCo

Director · since 31 juillet 2022 · until 31 mai 2028 · 0787.628.419

Represented by Monballieu Ruben

Active
ILENCO

Managing director · since 01 juillet 2022 · until 31 mai 2028 · 0568.502.350

Represented by Ilse Lenaerts

Active

Ended mandates

WILLCO

Director · since 02 juillet 2025 · 0783.441.482

Represented by Wim GEENS

Ended
Cristallo TopCo

Director · since 01 juillet 2022 · until 31 mai 2028 · 0787.628.419

Represented by Ruben Monballieu

Ended
Cristallo TopCo

Director · since 01 juillet 2022 · until 31 mai 2028 · 0787.628.419

Represented by Geert Fostier

Ended
ILENCO

Director · since 01 juillet 2022 · until 31 mai 2028 · 0568.502.350

Represented by Ilse Lenaerts

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/02/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/05/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares01/02/2010
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 20251,6 M €
  2. 2024
    Annual accounts 20243,1 M €
  3. 2023
    Annual accounts 20232,2 M €
  4. 2022
    Annual accounts 20222,3 M €
  5. 2021
    Annual accounts 20211,7 M €
  6. 2020
    Annual accounts 20201,1 M €
  7. 2019
    Annual accounts 2019847,1 k €
  8. 2018
    Annual accounts 2018339 k €
  9. 2017
    Annual accounts 2017155,5 k €
  10. 2016
    Annual accounts 2016354,4 k €
  11. 2015
    Annual accounts 2015153,5 k €
  12. 2014
    Annual accounts 2014128,3 k €
  13. 2013
    Annual accounts 201398,3 k €
  14. 2012
    Annual accounts 201281,1 k €
  15. 2011
    Annual accounts 201154,3 k €
  16. 2010
    Annual accounts 201077,8 k €
  17. 2009
    Annual accounts 200946,1 k €
  18. 2008
    Annual accounts 200843,7 k €
  19. 2007
    Annual accounts 2007136,3 k €
  20. 30/09/1993
    IncorporationPublic limited company