ACTIVE

LEAN

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Financial year 2025 · closed on 31/12/2025

Net result

43,8 k €

+45.0% YoY

Gross margin

16 k €

-52.7% YoY

Equity

1,3 M €

+3.5% YoY

What does LEAN do?

LEAN is a Private limited company incorporated in 1995. Its main activity is: Management consultancy activities. Its registered office is in Mont-Saint-Guibert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.225.165

Incorporation

27/01/1995

Legal form

Private limited company

Registered office

Avenue des Bouleaux 10
1435 Mont-Saint-Guibert · WallonieSee on map

Contributed capital

476 692,01 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	16 k €	-52.7%	33,7 k €	+91.2%	17,6 k €	+79.9%	9,8 k €	-40.7%	16,5 k €	-77.9%	74,9 k €	-50.9%	152,5 k €	+30.5%	116,8 k €	-1.2%	118,3 k €	-2.4%	121,2 k €	-16.2%	144,6 k €	+6.1%	136,2 k €	-21.2%	172,8 k €	+59.3%	108,5 k €	+32.8%	81,7 k €	-35.7%	127,1 k €	+360%	27,6 k €	+84.5%	15 k €	-2.5%	15,3 k €	-6.6%	16,4 k €
EBITDA	13,3 k €	-58.9%	32,4 k €	+101%	16,1 k €	+87.0%	8,6 k €	-43.8%	15,4 k €	-79.2%	73,7 k €	-51.0%	150,4 k €	+30.0%	115,7 k €	-1.2%	117,1 k €	-2.5%	120,1 k €	-16.2%	143,3 k €	+6.2%	135 k €	-21.7%	172,3 k €	+59.6%	108 k €	+32.9%	81,3 k €	-35.8%	126,6 k €	+368%	27,1 k €	+82.7%	14,8 k €	-2.6%	15,2 k €	-6.5%	16,3 k €
Operating result	4,6 k €	-84.9%	30,7 k €	+243%	8,9 k €	+578%	1,3 k €	-83.4%	7,9 k €	-87.9%	65,4 k €	-53.6%	141 k €	+32.2%	106,7 k €	-2.5%	109,4 k €	-3.7%	113,6 k €	-17.2%	137,1 k €	+6.6%	128,6 k €	-25.0%	171,4 k €	+60.1%	107,1 k €	+32.1%	81,1 k €	-35.8%	126,3 k €	+377%	26,5 k €	+111%	12,6 k €	-3.0%	12,9 k €	-6.5%	13,8 k €
Net result	43,8 k €	+45.0%	30,2 k €	+332%	7 k €	+596%	-1,4 k €	-135%	4,1 k €	-91.9%	50,2 k €	-49.3%	99 k €	+32.1%	75 k €	+8.5%	69,1 k €	+3.3%	66,8 k €	-13.8%	77,5 k €	-8.4%	84,7 k €	-29.8%	120,6 k €	+49.9%	80,4 k €	+28.0%	62,9 k €	-33.8%	95 k €	+238%	28,1 k €	+126%	12,4 k €	-26.5%	16,9 k €	+2.9%	16,4 k €
Balance sheet
Equity	1,3 M €	+3.5%	1,2 M €	+2.5%	1,2 M €	+0.6%	1,2 M €	-0.1%	1,2 M €	+0.3%	1,2 M €	+4.4%	1,2 M €	+9.4%	1,1 M €	+7.7%	978,3 k €	+7.6%	909,3 k €	+7.9%	842,4 k €	+10.1%	764,9 k €	+12.4%	680,2 k €	+11.4%	610,6 k €	+15.2%	530,1 k €	+13.5%	467,2 k €	+25.5%	372,3 k €	+8.2%	344,2 k €	+3.7%	331,8 k €	+5.3%	315 k €
Total assets	1,3 M €	+3.9%	1,3 M €	+3.1%	1,2 M €	+1.4%	1,2 M €	-0.6%	1,2 M €	+0.5%	1,2 M €	+4.9%	1,2 M €	+9.4%	1,1 M €	+7.6%	980 k €	+4.2%	941 k €	+8.2%	869,4 k €	+13.3%	767,1 k €	+11.3%	689,5 k €	+10.1%	626 k €	+17.0%	534,9 k €	+10.0%	486,5 k €	+28.5%	378,6 k €	+9.4%	346,1 k €	+3.8%	333,4 k €	+5.3%	316,6 k €
Cash	289,1 k €	+143%	119 k €	-0.3%	119,4 k €	-90.0%	1,2 M €	-0.1%	1,2 M €	+1.1%	1,2 M €	+6.3%	1,1 M €	+9.6%	1 M €	+7.0%	951,7 k €	+3.5%	919,8 k €	+13.9%	807,4 k €	+10.3%	732,3 k €	+8.9%	672,2 k €	+17.1%	574 k €	+17.5%	488,6 k €	+20.7%	404,8 k €	+12.8%	359 k €	+8.2%	331,9 k €	+4.4%	318 k €	+7.5%	295,9 k €
Debts	28,1 k €	+25.8%	22,3 k €	+49.2%	15 k €	+231%	4,5 k €	-54.5%	10 k €	+23.2%	8,1 k €	+376%	1,7 k €	-0.9%	1,7 k €	0.0%	1,7 k €	-94.6%	31,7 k €	+28.1%	24,8 k €	+8013%	305,1 €	-95.8%	7,3 k €	-45.7%	13,4 k €	+422%	2,6 k €	-85.6%	17,8 k €	+273%	4,8 k €	+902%	476,3 €	+40.0%	340,3 €	-23.5%	444,7 €

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 · 1 active · 6 ended

Active mandates

Yves SMEERS

Mandate

Active

Ended mandates

Yves Smeers

Director · since 16 mars 1995

Ended

Yves Smeers

Manager · since 16 mars 1995

Ended

Annette Cartier

Director · since 20 janvier 1995

Ended

Annette Cartier

Manager · since 20 janvier 1995

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/07/2025	30/10/2024	27/07/2023	24/08/2022	29/07/2021
General meeting	02/05/2026	02/05/2025	02/05/2024	02/05/2023	02/05/2022	03/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/05/2026	02/06/2026	French	PDF
Micro model	31/12/2024	02/05/2025	31/07/2025	French	PDF
Micro model	31/12/2023	02/05/2024	30/10/2024	French	PDF
Micro model	31/12/2022	02/05/2023	27/07/2023	French	PDF
Micro model	31/12/2021	02/05/2022	24/08/2022	French	PDF
Micro model	31/12/2020	03/05/2021	29/07/2021	French	PDF
Micro model	31/12/2019	06/08/2020	13/08/2020	French	PDF
Micro model	31/12/2018	02/05/2019	30/06/2019	French	PDF
Micro model	31/12/2017	02/05/2018	31/07/2018	French	PDF
Micro model	31/12/2016	02/05/2017	09/07/2017	French	PDF
Abridged model	31/12/2015	02/05/2016	10/06/2016	French	PDF
Abridged model	31/12/2014	04/05/2015	10/06/2015	French	PDF
Abridged model	31/12/2013	02/05/2014	15/05/2014	French	PDF
Abridged model	31/12/2012	02/05/2013	03/05/2013	French	PDF
Abridged model	31/12/2011	02/05/2012	12/06/2012	French	PDF
Abridged model	31/12/2010	02/05/2011	11/05/2011	French	PDF
Abridged model	31/12/2009	03/05/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	04/05/2009	12/05/2009	French	PDF
Abridged model	31/12/2007	06/05/2008	20/05/2008	French	PDF
Abridged model	31/12/2006	02/05/2007	15/05/2007	French	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 · 1 active · 6 ended

Active mandates

Yves SMEERS

Mandate

Active

Ended mandates

Yves Smeers

Director · since 16 mars 1995

Ended

Yves Smeers

Manager · since 16 mars 1995

Ended

Annette Cartier

Director · since 20 janvier 1995

Ended

Annette Cartier

Manager · since 20 janvier 1995

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/02/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/12/2013
CAPITAL, ACTIONS
PDF
Capital / shares17/02/2004
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202543,8 k €↑
2024
Annual accounts 202430,2 k €↑
2023
Annual accounts 20237 k €↑
2022
Annual accounts 2022-1,4 k €↓
2021
Annual accounts 20214,1 k €↓
2020
Annual accounts 202050,2 k €↓
2019
Annual accounts 201999 k €↑
2018
Annual accounts 201875 k €↑
2017
Annual accounts 201769,1 k €↑
2016
Annual accounts 201666,8 k €↓
2015
Annual accounts 201577,5 k €↓
2014
Annual accounts 201484,7 k €↓
2013
Annual accounts 2013120,6 k €↑
2012
Annual accounts 201280,4 k €↑
2011
Annual accounts 201162,9 k €↓
2010
Annual accounts 201095 k €↑
2009
Annual accounts 200928,1 k €↑
2008
Annual accounts 200812,4 k €↓
2007
Annual accounts 200716,9 k €↑
2006
Annual accounts 200616,4 k €
27/01/1995
IncorporationPrivate 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

LEAN

Overview

What does LEAN do?

Trend over 20 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