ACTIVE

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
17,8 M €
+20888.6% YoY
Revenue
2,2 M €
+14.8% YoY
Equity
521,2 M €
+2.3% YoY
Workforce
46,7 ETP
+2.4% YoY

What does LIMBURGSE RECONVERSIE MAATSCHAPPIJ do?

LIMBURGSE RECONVERSIE MAATSCHAPPIJ is a Public limited company incorporated in 1994. Its main activity is: Activities of holding companies. Its registered office is in Hasselt. It employs on average 46,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0452.138.972
Incorporation
01/02/1994
Legal form
Public limited company
Registered office
Kempische steenweg 311 box 4.01
3500 Hasselt · FlandreSee on map
Contributed capital
343 047 367,49 €
Latest accounts
31/12/2025
Average workforce
46,7 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies65231Reinsurance70200Management consultancy activities70220Business and other management consultancy activities74142Specialised design activities+2
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022201620142012201120102009200820072006
Income statement
Revenue2,2 M €1,9 M €1,6 M €1,7 M €2,0 M €4,3 M €2,0 M €21,0 M €1,4 M €1,5 M €1,4 M €1,4 M €1,4 M €
EBITDA-8,1 M €-7,9 M €-8,7 M €-8,2 M €-7,5 M €-6,2 M €-4,6 M €-4,1 M €-4,1 M €-4,1 M €228,9 k €-3,5 M €-2,3 M €
Operating result-9,0 M €-8,6 M €-8,8 M €-8,4 M €-7,7 M €-6,4 M €-4,6 M €-4,1 M €-4,1 M €-4,1 M €164,5 k €-3,6 M €-2,4 M €
Net result17,8 M €84,9 k €932,5 k €9,9 M €190,1 M €-5,7 M €1,5 M €16,6 M €13,0 M €-1,7 M €43,9 M €16,8 M €24,1 M €
Balance sheet
Equity521,2 M €509,7 M €509,8 M €482,8 M €403,6 M €270,3 M €248,6 M €257,1 M €250,6 M €248,7 M €258,0 M €361,6 M €355,4 M €
Total assets543,2 M €513,4 M €518,0 M €496,4 M €472,8 M €405,9 M €351,3 M €345,2 M €362,7 M €355,9 M €340,4 M €426,5 M €424,0 M €
Cash10,4 M €15,5 M €48,1 M €45,3 M €37,5 M €174,6 k €54,3 k €57,8 k €160,8 k €171,7 k €17,4 k €263,7 k €13,3 k €
Debts21,7 M €3,4 M €7,9 M €13,0 M €68,7 M €135,3 M €101,5 M €87,5 M €110,9 M €107,0 M €81,0 M €60,5 M €64,2 M €
Other
Workforce46,7 ETP45,6 ETP46,7 ETP48,2 ETP51,7 ETP47,2 ETP40,0 ETP37,6 ETP34,6 ETP31,0 ETP30,1 ETP30,9 ETP22,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 73 ended

Active mandates

BERT LAMBRECHTS

Government commissioner · since 17 octobre 2025

Active
PIETER PAUWELS

Director · since 21 mai 2024 · until 17 mai 2027

Active
KRISTOF SCHIEPERS

Vice-chairman of the board of directors · since 24 août 2023 · until 17 mai 2027

Active
HANS WILMOTS

Director · since 09 juin 2021 · until 17 mai 2027

Active
KARLIEN DE TURCK

Director · since 09 juin 2021 · until 17 mai 2027

Active
FREDERICK VANDEPUT

Director · since 17 mai 2021 · until 17 mai 2027

Active
FRIEDA BREPOELS

Vice-chairman of the board of directors · since 17 mai 2021 · until 17 mai 2027

Active
HILDE ESSERS

Director · since 17 mai 2021 · until 17 mai 2027

Active
MARK MAESEN

Chairman of the board of directors · since 17 mai 2021 · until 17 mai 2027

Active
PETER VAVEDIN

Director · since 17 mai 2021 · until 17 mai 2027

Active

Ended mandates

JULES NOTEN

Director · since 09 juin 2021 · until 21 mai 2024

Ended
JULES NOTEN

Director · since 09 juin 2021 · until 17 mai 2027

Ended
GEORGES LENSSEN

Vice-chairman of the board of directors · since 17 mai 2021 · until 30 juin 2023

Ended
GEORGES LENSSEN GEORGES

Vice-chairman of the board of directors · since 17 mai 2021 · until 17 mai 2027

Ended
At this address

Other companies at this address

CompanyCBE no.
ARGUENDO● Active
0681.748.266
ARGUENDO BXL● Active
1034.211.030
be-DIVE● Active
0507.608.819
be-MINE● Active
0821.540.807
be-MINE Mijnbelevingscentrum● Active
0786.218.454
BLUECIE● Active
0634.969.126
CAMPUS NOORD● Active
1025.147.468
C. Corda● Active
0559.919.236
CORDA CAMPUS 2.0● Active
0547.573.611
Elision● Active
0884.167.272
Fenego● Active
0809.511.718
FLOATING PV● Active
0715.622.349
FORWARD Services● Active
0673.543.848
HOUTPARK● Active
0842.301.874
H.W.P.● Active
0451.555.190
IMMO SCHURHOVEN● Active
0641.964.509
JEFREVAL● Active
0821.786.671
Kristalpark III● Active
0838.432.861
KRISTAL SOLAR PARK● Active
0698.661.108
LRM Beheer● Active
0440.550.442
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelm120-f-pFull 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 date08/06/202603/06/202505/06/202430/05/202314/06/202223/06/2021
General meeting18/05/202619/05/202521/05/202415/05/202316/05/202217/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

40 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202518/05/202608/06/2026DutchPDF
m120-f-p31/12/202518/05/202609/06/2026DutchPDF
Full model31/12/202419/05/202503/06/2025DutchPDF
m120-f-p31/12/202419/05/202511/06/2025DutchPDF
Full model31/12/202321/05/202405/06/2024DutchPDF
m120-f-p31/12/202321/05/202405/06/2024DutchPDF
Full model31/12/202215/05/202330/05/2023DutchPDF
m120-f-p31/12/202215/05/202331/05/2023DutchPDF
Full model31/12/202116/05/202209/06/2022DutchPDF
m120-f-p31/12/202116/05/202214/06/2022DutchPDF
Full model31/12/202017/05/202123/06/2021DutchPDF
m120-f-p31/12/202017/05/202123/06/2021DutchPDF
Full model31/12/201918/05/202025/06/2020DutchPDF
m120-f-p31/12/201918/05/202025/06/2020DutchPDF
Full model31/12/201820/05/201913/06/2019DutchPDF
m120-f-p31/12/201820/05/201913/06/2019DutchPDF
Full model31/12/201722/05/201808/06/2018DutchPDF
m120-f-p31/12/201722/05/201808/06/2018DutchPDF
Full model31/12/201615/05/201707/06/2017DutchPDF
m120-f-p31/12/201615/05/201709/06/2017DutchPDF
Full model31/12/201517/05/201603/06/2016DutchPDF
m120-f-p31/12/201517/05/201603/06/2016DutchPDF
Full model31/12/201418/05/201508/06/2015DutchPDF
m120-f-p31/12/201418/05/201508/06/2015DutchPDF

View all 40 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 · 10 active · 73 ended

Active mandates

BERT LAMBRECHTS

Government commissioner · since 17 octobre 2025

Active
PIETER PAUWELS

Director · since 21 mai 2024 · until 17 mai 2027

Active
KRISTOF SCHIEPERS

Vice-chairman of the board of directors · since 24 août 2023 · until 17 mai 2027

Active
HANS WILMOTS

Director · since 09 juin 2021 · until 17 mai 2027

Active
KARLIEN DE TURCK

Director · since 09 juin 2021 · until 17 mai 2027

Active
FREDERICK VANDEPUT

Director · since 17 mai 2021 · until 17 mai 2027

Active
FRIEDA BREPOELS

Vice-chairman of the board of directors · since 17 mai 2021 · until 17 mai 2027

Active
HILDE ESSERS

Director · since 17 mai 2021 · until 17 mai 2027

Active
MARK MAESEN

Chairman of the board of directors · since 17 mai 2021 · until 17 mai 2027

Active
PETER VAVEDIN

Director · since 17 mai 2021 · until 17 mai 2027

Active

Ended mandates

JULES NOTEN

Director · since 09 juin 2021 · until 21 mai 2024

Ended
JULES NOTEN

Director · since 09 juin 2021 · until 17 mai 2027

Ended
GEORGES LENSSEN

Vice-chairman of the board of directors · since 17 mai 2021 · until 30 juin 2023

Ended
GEORGES LENSSEN GEORGES

Vice-chairman of the board of directors · since 17 mai 2021 · until 17 mai 2027

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/05/2024
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates24/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/07/2023
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Capital / shares11/05/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates05/10/2021
    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

Timeline

  1. 2025
    Annual accounts 202517,8 M €↑
  2. 12/11/2025
    nominationSarina Wolfs — Head of Corporate Real Estate
  3. 2024
    Annual accounts 202484,9 k €↓
  4. 19/09/2024
    nominationKris Snijkers — Head of Corporate Affairs
  5. 27/06/2024
    nominationPieter Pauwels — bestuurder
  6. 21/05/2024
    reconductionEY Bedriffsrevisoren — commissaris
  7. 2023
    Annual accounts 2023932,5 k €↓
  8. 24/08/2023
    nominationKristof Schiepers — bestuurder
  9. 2022
    Annual accounts 20229,9 M €↓
  10. 2016
    Annual accounts 2016190,1 M €↑
  11. 2014
    Annual accounts 2014-5,7 M €↓
  12. 2012
    Annual accounts 20121,5 M €↓
  13. 2011
    Annual accounts 201116,6 M €↑
  14. 2010
    Annual accounts 201013,0 M €↑
  15. 2009
    Annual accounts 2009-1,7 M €↓
  16. 2008
    Annual accounts 200843,9 M €↑
  17. 2007
    Annual accounts 200716,8 M €↓
  18. 2006
    Annual accounts 200624,1 M €
  19. 01/02/1994
    IncorporationPublic limited company