ACTIVE

LIEFRESTE

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Financial year 2025 · closed on 30/09/2025

Net result

3,1 k €

-75.1% YoY

Gross margin

65,2 k €

-13.9% YoY

Equity

143,2 k €

+2.2% YoY

What does LIEFRESTE do?

LIEFRESTE is a Private limited company incorporated in 1996. Its main activity is: Growing of rice. Its registered office is in Ath.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.284.517

Incorporation

20/06/1996

Legal form

Private limited company

Registered office

Place d'Houtaing(Hou) 22
7812 Ath · WallonieSee on map

Contributed capital

33 713,38 €

Latest accounts

30/09/2025

Activities (NACE)

01121Growing of rice· main 01130Growing of vegetables and melons, roots and tubers 01130Growing of vegetables and melons, roots and tubers

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	65,2 k €	-13.9%	75,7 k €	-8.3%	82,6 k €	-14.7%	96,8 k €	-33.8%	146,3 k €	+42.8%	102,5 k €	-29.6%	145,5 k €	+50.5%	96,6 k €	-4.6%	101,3 k €	-28.0%	140,7 k €	+17.3%	120 k €	+9.6%	109,5 k €	-0.2%	109,7 k €	+26.4%	86,8 k €	-7.0%	93,3 k €	+0.1%	93,2 k €	+16.1%	80,3 k €	-28.0%	111,5 k €	+136%	47,2 k €
EBITDA	62,2 k €	-14.5%	72,7 k €	-8.6%	79,5 k €	-16.4%	95,1 k €	-34.4%	144,9 k €	+45.1%	99,9 k €	-30.1%	142,9 k €	+51.8%	94,1 k €	-4.7%	98,8 k €	-27.6%	136,5 k €	+16.1%	117,5 k €	+9.9%	107 k €	-0.4%	107,4 k €	+27.4%	84,3 k €	-7.4%	91,1 k €	+0.1%	91 k €	+16.5%	78,1 k €	-29.0%	110,1 k €	+140%	45,9 k €
Operating result	2 k €	-84.5%	12,9 k €	+113%	6 k €	+38.1%	4,4 k €	-91.2%	49,6 k €	+258%	13,9 k €	-78.0%	63 k €	+423%	12,1 k €	+19.6%	10,1 k €	-50.0%	20,2 k €	-17.7%	24,5 k €	+11.5%	22 k €	-1.8%	22,4 k €	+126%	9,9 k €	-55.5%	22,3 k €	-3.5%	23,1 k €	+119%	10,6 k €	-76.4%	44,8 k €	+599%	6,4 k €
Net result	3,1 k €	-75.1%	12,6 k €	+208%	4,1 k €	+145%	1,7 k €	-96.7%	50,2 k €	+275%	13,4 k €	+153%	-25,3 k €	-389%	8,8 k €	+148%	3,5 k €	-34.2%	5,4 k €	-65.5%	15,6 k €	+374%	3,3 k €	-15.7%	3,9 k €	+141%	-9,5 k €	-1025%	1 k €	+174%	373 €	-82.2%	2,1 k €	-17.3%	2,5 k €	+25.4%	2 k €
Balance sheet
Equity	143,2 k €	+2.2%	140 k €	+9.9%	127,4 k €	+3.3%	123,3 k €	+0.2%	123 k €	+64.7%	74,7 k €	+13.4%	65,9 k €	-31.5%	96,1 k €	+3.9%	92,5 k €	-2.7%	95,1 k €	-1.1%	96,1 k €	+25.5%	76,6 k €	-2.4%	78,5 k €	+36.3%	57,6 k €	-19.7%	71,8 k €	-5.5%	76 k €	-6.0%	80,8 k €	-3.7%	83,9 k €	-3.5%	87 k €
Total assets	2,9 M €	-3.7%	3 M €	+44.6%	2,1 M €	+22.4%	1,7 M €	+16.3%	1,5 M €	+74.7%	837,8 k €	+25.5%	667,4 k €	-40.7%	1,1 M €	+13.6%	991,2 k €	-16.7%	1,2 M €	-40.1%	2 M €	+4.7%	1,9 M €	-1.2%	1,9 M €	+6.2%	1,8 M €	+0.2%	1,8 M €	+8.7%	1,7 M €	-9.1%	1,8 M €	+20.0%	1,5 M €	+54.2%	986,9 k €
Cash	2,6 M €	+0.2%	2,5 M €	+51.4%	1,7 M €	+33.0%	1,3 M €	+29.9%	973,7 k €	+165%	367 k €	+83.0%	200,6 k €	-65.9%	588,3 k €	+40.2%	419,6 k €	-7.0%	451 k €	+1158%	35,9 k €	-12.8%	41,1 k €	-71.5%	144,1 k €	+673%	18,6 k €	+166%	7 k €	-87.4%	55,4 k €	+533%	8,7 k €	-67.6%	27 k €	-42.6%	47,1 k €
Debts	2,8 M €	-4.0%	2,9 M €	+46.9%	2 M €	+23.9%	1,6 M €	+17.7%	1,3 M €	+76.7%	759 k €	+27.4%	596 k €	-41.7%	1 M €	+15.0%	889,9 k €	-17.9%	1,1 M €	-42.3%	1,9 M €	+4.0%	1,8 M €	-0.8%	1,8 M €	+5.2%	1,7 M €	+1.2%	1,7 M €	+9.7%	1,6 M €	-9.2%	1,7 M €	+22.0%	1,4 M €	+62.3%	867,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

Lieven HOLVOET

Director

Active

Stefan HOLVOET

Director

Active

Ended mandates

Lieven HOLVOET

Managing director

Ended

Lucien HOLVOET

Managing director

Ended

Paul CASTEL

Director

Ended

Stéphan HOLVOET

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Assoc. fait. HOLVOET Lieven et Laurent● Active	0678.492.828
HOLVOET FRERES● Active	0474.640.893

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/02/2026	11/03/2025	29/03/2024	31/03/2023	03/03/2022	05/03/2021
General meeting	02/02/2026	03/02/2025	05/02/2024	06/02/2023	07/02/2022	01/02/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	02/02/2026	12/02/2026	French	PDF
Abridged model	30/09/2024	03/02/2025	11/03/2025	French	PDF
Abridged model	30/09/2023	05/02/2024	29/03/2024	French	PDF
Abridged model	30/09/2022	06/02/2023	31/03/2023	French	PDF
Abridged model	30/09/2021	07/02/2022	03/03/2022	French	PDF
Abridged model	30/09/2020	01/02/2021	05/03/2021	French	PDF
Abridged model	30/09/2019	03/02/2020	12/02/2020	French	PDF
Abridged model	30/09/2018	04/02/2019	07/02/2019	French	PDF
Abridged model	30/09/2017	05/02/2018	21/02/2018	French	PDF
Abridged model	30/09/2016	06/02/2017	13/02/2017	French	PDF
Abridged model	30/06/2015	19/11/2015	23/12/2015	French	PDF
Abridged model	30/06/2014	21/11/2014	27/11/2014	French	PDF
Abridged model	30/06/2013	22/11/2013	24/01/2014	French	PDF
Abridged model	30/06/2012	23/11/2012	06/12/2012	French	PDF
Abridged model	30/06/2011	25/11/2011	29/11/2011	French	PDF
Abridged model	30/06/2010	25/11/2010	30/11/2010	French	PDF
Abridged model	30/06/2009	25/11/2009	21/12/2009	French	PDF
Abridged model	30/06/2008	25/11/2008	26/11/2008	French	PDF
Abridged model	30/06/2007	20/11/2007	27/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/09/2025 · 2 active · 4 ended

Active mandates

Lieven HOLVOET

Director

Active

Stefan HOLVOET

Director

Active

Ended mandates

Lieven HOLVOET

Managing director

Ended

Lucien HOLVOET

Managing director

Ended

Paul CASTEL

Director

Ended

Stéphan HOLVOET

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/08/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Other07/07/2016
ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates11/06/2012
DEMISSIONS, NOMINATIONS
PDF
Other08/11/2005
DIVERS - 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 20253,1 k €↓
2024
Annual accounts 202412,6 k €↑
2023
Annual accounts 20234,1 k €↑
2022
Annual accounts 20221,7 k €↓
2021
Annual accounts 202150,2 k €↑
2020
Annual accounts 202013,4 k €↑
2019
Annual accounts 2019-25,3 k €↓
2018
Annual accounts 20188,8 k €↑
2017
Annual accounts 20173,5 k €↓
2016
Annual accounts 20165,4 k €↓
2015
Annual accounts 201515,6 k €↑
2014
Annual accounts 20143,3 k €↓
2013
Annual accounts 20133,9 k €↑
2012
Annual accounts 2012-9,5 k €↓
2011
Annual accounts 20111 k €↑
2010
Annual accounts 2010373 €↓
2009
Annual accounts 20092,1 k €↓
2008
Annual accounts 20082,5 k €↑
2007
Annual accounts 20072 k €
20/06/1996
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

LIEFRESTE

Overview

What does LIEFRESTE do?

Trend over 19 financial years

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