ACTIVE

LOREN

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Financial year 2025 · closed on 31/12/2025

Net result

21,5 k €

+104.7% YoY

Gross margin

198 k €

+18.5% YoY

Equity

55 k €

+64.0% YoY

What does LOREN do?

LOREN is a Private limited company incorporated in 1995. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.483.503

Incorporation

08/02/1995

Legal form

Private limited company

Registered office

Chaussée de Bruxelles 348
1410 Waterloo · WallonieSee on map

Contributed capital

31 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

314
31401

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	198 k €	+18.5%	167,1 k €	+17.7%	141,9 k €	+17.1%	121,2 k €	+5.5%	114,9 k €	-42.7%	200,7 k €	-37.7%	322,2 k €	-21.8%	412 k €	-13.6%	476,6 k €	-3.4%	493,5 k €	+15.4%	427,5 k €	+17.9%	362,5 k €	+12.9%	321 k €	-3.7%	333,4 k €	-3.4%	345,3 k €	-12.0%	392,2 k €	-6.9%	421,1 k €	+32.2%	318,4 k €
EBITDA	26,4 k €	+66.5%	15,8 k €	+126%	7 k €	+248%	-4,8 k €	-123%	20,8 k €	-55.4%	46,6 k €	+130%	-154,9 k €	-462%	42,8 k €	-28.5%	59,9 k €	-33.7%	90,3 k €	+23.3%	73,3 k €	+55.8%	47 k €	+9.0%	43,1 k €	+33.9%	32,2 k €	+1.5%	31,7 k €	-40.9%	53,7 k €	-54.5%	118 k €	+100%	59 k €
Operating result	23 k €	+74.5%	13,2 k €	+223%	4,1 k €	+153%	-7,6 k €	-176%	10 k €	-67.0%	30,4 k €	+117%	-181,4 k €	-1455%	13,4 k €	-63.5%	36,7 k €	-44.8%	66,5 k €	+23.3%	54 k €	+101%	26,9 k €	+6.8%	25,2 k €	+195%	8,5 k €	+344%	-3,5 k €	-1065%	362 €	-98.9%	32,8 k €	+220%	10,3 k €
Net result	21,5 k €	+105%	10,5 k €	+418%	2 k €	+121%	-9,8 k €	-219%	8,2 k €	-67.2%	25 k €	+113%	-187,6 k €	-2707%	7,2 k €	-63.6%	19,7 k €	-53.4%	42,4 k €	+33.9%	31,7 k €	+218%	10 k €	+35.1%	7,4 k €	+1034%	-790 €	+95.0%	-15,8 k €	-97.2%	-8 k €	-118%	43,8 k €	+1723%	-2,7 k €
Balance sheet
Equity	55 k €	+64.0%	33,6 k €	+45.5%	23,1 k €	+9.6%	21 k €	-31.8%	30,8 k €	+192%	-33,4 k €	+42.8%	-58,3 k €	-145%	129,3 k €	+5.9%	122,1 k €	+19.3%	102,3 k €	+70.8%	59,9 k €	+112%	28,2 k €	+54.5%	18,3 k €	+67.7%	10,9 k €	-6.8%	11,7 k €	-57.5%	27,5 k €	-22.6%	35,5 k €	+159%	13,7 k €
Total assets	112,8 k €	+45.6%	77,5 k €	+20.5%	64,3 k €	+25.1%	51,4 k €	-7.5%	55,6 k €	-48.3%	107,5 k €	-45.7%	198 k €	-22.1%	254,1 k €	-4.1%	264,9 k €	-12.2%	301,7 k €	+42.6%	211,6 k €	+8.6%	194,9 k €	+13.4%	171,9 k €	-13.3%	198,2 k €	-19.4%	246 k €	-14.5%	287,8 k €	-0.8%	290,2 k €	+45.2%	199,8 k €
Cash	91,1 k €	+55.0%	58,8 k €	+18.0%	49,8 k €	+53.8%	32,4 k €	-2.9%	33,3 k €	-10.7%	37,3 k €	-53.6%	80,4 k €	-25.0%	107,1 k €	-0.7%	107,9 k €	-23.6%	141,3 k €	+125%	62,8 k €	+20.5%	52,1 k €	+58.2%	32,9 k €	+39.1%	23,7 k €	-52.4%	49,7 k €	-18.6%	61,1 k €	-42.2%	105,8 k €	+17.1%	90,4 k €
Debts	54,3 k €	+23.6%	43,9 k €	+6.6%	41,2 k €	+35.8%	30,4 k €	+24.6%	24,4 k €	-74.2%	94,2 k €	-15.9%	112 k €	-10.3%	124,9 k €	-12.6%	142,8 k €	-28.4%	199,4 k €	+31.4%	151,7 k €	-9.0%	166,6 k €	+8.5%	153,6 k €	-17.7%	186,6 k €	-20.1%	233,6 k €	-9.7%	258,6 k €	+1.7%	254,2 k €	+37.3%	185,2 k €
Other
Workforce	–		–		–		–		–		6,0 ETP	-39.4%	9,9 ETP	-17.5%	12,0 ETP	-1.6%	12,2 ETP	+1.7%	12,0 ETP	-7.7%	13,0 ETP	+2.4%	12,7 ETP	-1.6%	12,9 ETP	+4.9%	12,3 ETP	-0.8%	12,4 ETP	-22.0%	15,9 ETP	-3.6%	16,5 ETP	+13.8%	14,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Nathalie Ghos

Director · since 08 février 1995

Active

Ended mandates

Nathalie Ghos

Manager · since 30 mars 2001

Ended

Nathalie Ghos

Manager · since 01 mars 1995

Ended

Nathalie Ghos

Director

Ended

Nathalie Ghos

Manager

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	29/06/2026	27/06/2025	03/06/2024	19/06/2023	29/06/2022	28/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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	01/06/2026	29/06/2026	French	PDF
Micro model	31/12/2024	02/06/2025	27/06/2025	French	PDF
Micro model	31/12/2023	03/06/2024	03/06/2024	French	PDF
Micro model	31/12/2022	05/06/2023	19/06/2023	French	PDF
Micro model	31/12/2021	07/06/2022	29/06/2022	French	PDF
Micro model	31/12/2020	07/06/2021	28/06/2021	French	PDF
Micro model	31/12/2019	02/06/2020	14/07/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	21/06/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	04/07/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	14/06/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	07/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	03/06/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	21/06/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	15/06/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	26/06/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	25/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 4 ended

Active mandates

Nathalie Ghos

Director · since 08 février 1995

Active

Ended mandates

Nathalie Ghos

Manager · since 30 mars 2001

Ended

Nathalie Ghos

Manager · since 01 mars 1995

Ended

Nathalie Ghos

Director

Ended

Nathalie Ghos

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Registered office21/03/2018
SIEGE SOCIAL
PDF
Registered office23/08/2007
SIEGE SOCIAL
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 202521,5 k €↑
2024
Annual accounts 202410,5 k €↑
2023
Annual accounts 20232 k €↑
2022
Annual accounts 2022-9,8 k €↓
2021
Annual accounts 20218,2 k €↓
2018
Annual accounts 201825 k €↑
2017
Annual accounts 2017-187,6 k €↓
2016
Annual accounts 20167,2 k €↓
2015
Annual accounts 201519,7 k €↓
2014
Annual accounts 201442,4 k €↑
2013
Annual accounts 201331,7 k €↑
2012
Annual accounts 201210 k €↑
2011
Annual accounts 20117,4 k €↑
2010
Annual accounts 2010-790 €↑
2009
Annual accounts 2009-15,8 k €↓
2008
Annual accounts 2008-8 k €↓
2007
Annual accounts 200743,8 k €↑
2006
Annual accounts 2006-2,7 k €
08/02/1995
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

LOREN

Overview

What does LOREN do?

Trend over 18 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