ACTIVE

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

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Financial year 2025 · Closed on 31/12/2025

Net result17,8 M €+20 888,6 %over 1 year

Revenue2,2 M €+14,8 %over 1 year

Equity521,2 M €+2,3 %over 1 year

Workforce46,7 ETP+2,4 %over 1 year

Identity

Source · BCE/KBO

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· main 64210Activities of holding companies 65231Reinsurance 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 40 filings

Trend over 13 financial years

	2025		2024		2023		2022		2016
Income statement
Revenue	2,2 M €	+14.8%	1,9 M €	+21.9%	1,6 M €	-8.2%	1,7 M €	-14.4%	2 M €
EBITDA	-8,1 M €	-2.8%	-7,9 M €	+8.5%	-8,7 M €	-5.4%	-8,2 M €	-10.1%	-7,5 M €
Operating result	-9 M €	-4.3%	-8,6 M €	+2.5%	-8,8 M €	-5.5%	-8,4 M €	-8.8%	-7,7 M €
Net result	17,8 M €	+20889%	84,9 k €	-90.9%	932,5 k €	-90.6%	9,9 M €	-94.8%	190,1 M €
Balance sheet
Equity	521,2 M €	+2.3%	509,7 M €	-0.0%	509,8 M €	+5.6%	482,8 M €	+19.6%	403,6 M €
Total assets	543,2 M €	+5.8%	513,4 M €	-0.9%	518 M €	+4.4%	496,4 M €	+5.0%	472,8 M €
Cash	10,4 M €	-32.8%	15,5 M €	-67.8%	48,1 M €	+6.1%	45,3 M €	+21.0%	37,5 M €
Debts	21,7 M €	+539%	3,4 M €	-56.9%	7,9 M €	-39.2%	13 M €	-81.1%	68,7 M €
Other
Workforce	46,7 ETP	+2.4%	45,6 ETP	-2.4%	46,7 ETP	-3.1%	48,2 ETP	-6.8%	51,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

10 active · 34 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BERT LAMBRECHTS	Government commissionersince 17/10/2025
PIETER PAUWELS	Director21/05/2024 → 17/05/2027
KRISTOF SCHIEPERS	Vice-chairman of the board of directors24/08/2023 → 17/05/2027
HANS WILMOTS	Director09/06/2021 → 17/05/2027
KARLIEN DE TURCK	Director09/06/2021 → 17/05/2027
FREDERICK VANDEPUT	Director17/05/2021 → 17/05/2027
FRIEDA BREPOELS	Vice-chairman of the board of directors17/05/2021 → 17/05/2027
HILDE ESSERS	Director18/05/2015 → 17/05/2027
MARK MAESEN	Chairman of the board of directors17/05/2021 → 17/05/2027
PETER VAVEDIN	Director22/12/2011 → 17/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JULES NOTEN	Director09/06/2021 → 17/05/2027
GEORGES LENSSEN	Vice-chairman of the board of directors17/05/2021 → 30/06/2023
GEORGES LENSSEN GEORGES	Vice-chairman of the board of directors17/05/2021 → 17/05/2027

Other companies at this address

Kempische steenweg 311 3500 Hasselt

Company	CBE 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
EXPERT PLUS● Active	0782.373.987
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

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Consolidated accounts	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	08/06/2026	03/06/2025	05/06/2024	30/05/2023	14/06/2022	23/06/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 40 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	08/06/2026	Dutch	PDF
Consolidated accounts	31/12/2025	18/05/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	03/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	19/05/2025	11/06/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	05/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	21/05/2024	05/06/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	30/05/2023	Dutch	PDF
Consolidated accounts	31/12/2022	15/05/2023	31/05/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	09/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	16/05/2022	14/06/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	23/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	17/05/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	18/05/2020	25/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	18/05/2020	25/06/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	13/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	20/05/2019	13/06/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	08/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	22/05/2018	08/06/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	07/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	15/05/2017	09/06/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	03/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	17/05/2016	03/06/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	08/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	18/05/2015	08/06/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	25/06/2014	Dutch	PDF
Consolidated accounts	31/12/2013	02/06/2014	25/06/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	18/06/2013	Dutch	PDF
Consolidated accounts	31/12/2012	21/05/2013	18/06/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	13/06/2012	Dutch	PDF
Consolidated accounts	31/12/2011	21/05/2012	13/06/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	06/06/2011	Dutch	PDF
Consolidated accounts	31/12/2010	16/05/2011	06/06/2011	Dutch	PDF
Full model	31/12/2009	27/05/2010	17/06/2010	Dutch	PDF
Consolidated accounts	31/12/2009	27/05/2010	17/06/2010	Dutch	PDF
Full model	31/12/2008	18/05/2009	03/06/2009	Dutch	PDF
Consolidated accounts	31/12/2008	18/05/2009	08/06/2009	Dutch	PDF
Full model	31/12/2007	19/05/2008	06/06/2008	Dutch	PDF
Consolidated accounts	31/12/2007	19/05/2008	06/06/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	15/06/2007	Dutch	PDF
Consolidated accounts	31/12/2006	29/05/2007	15/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

10 active · 34 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BERT LAMBRECHTS	Government commissionersince 17/10/2025
PIETER PAUWELS	Director21/05/2024 → 17/05/2027
KRISTOF SCHIEPERS	Vice-chairman of the board of directors24/08/2023 → 17/05/2027
HANS WILMOTS	Director09/06/2021 → 17/05/2027
KARLIEN DE TURCK	Director09/06/2021 → 17/05/2027
FREDERICK VANDEPUT	Director17/05/2021 → 17/05/2027
FRIEDA BREPOELS	Vice-chairman of the board of directors17/05/2021 → 17/05/2027
HILDE ESSERS	Director18/05/2015 → 17/05/2027
MARK MAESEN	Chairman of the board of directors17/05/2021 → 17/05/2027
PETER VAVEDIN	Director22/12/2011 → 17/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JULES NOTEN	Director09/06/2021 → 17/05/2027
GEORGES LENSSEN	Vice-chairman of the board of directors17/05/2021 → 30/06/2023
GEORGES LENSSEN GEORGES	Vice-chairman of the board of directors17/05/2021 → 17/05/2027

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

BERT LAMBRECHTS

PIETER PAUWELS

KRISTOF SCHIEPERS

HANS WILMOTS

KARLIEN DE TURCK

HILDE ESSERS

MARK MAESEN

FRIEDA BREPOELS

FREDERICK VANDEPUT

PETER VAVEDIN

JULES NOTEN

GEORGES LENSSEN

and 30 more mandates

1994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

LRM NV

Kempische steenweg 311 bte 4.01, 3500 Hasselt

Director

Vice-chairman of the board of directors

Director

Chairman of the board of directors

Vice-chairman of the board of directors

Director

Vice-chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kempische steenweg 311 bte 4.01, 3500 HasseltCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00150241

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
LIMBURGSE RECONVERSIE MAATSCHAPPIJCurrent		CBE
LRM NV	accounts 2022 → 2025	Accounts 2025 · 2026-00150241

Events

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

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events