ACTIVE

LNDR

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Financial year 2025 · closed on 30/09/2025

Net result

41,9 k €

+405.6% YoY

Gross margin

162,7 k €

+35.7% YoY

Equity

1,2 M €

+3.5% YoY

What does LNDR do?

LNDR is a Private limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Diksmuide.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.041.414

Incorporation

25/10/1996

Legal form

Private limited company

Registered office

Ijzerlegerstraat(D) 21 box 11
8600 Diksmuide · FlandreSee on map

Contributed capital

37 184,03 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies 66300Fund management activities 66300Fund management activities+6

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	162,7 k €	+35.7%	119,9 k €	-15.0%	141 k €	-41.3%	240,4 k €	-27.8%	332,9 k €	+12.8%	295,1 k €	+34.2%	220 k €	-77.6%	981,9 k €	+38.6%	708,4 k €	+31.6%	538,4 k €	+1.9%	528,5 k €	+9.7%	481,6 k €	+12.1%	429,5 k €	+4.4%	411,4 k €	+2.2%	402,7 k €	+0.1%	402,4 k €	+4.1%	386,7 k €	+26.8%	305,1 k €
EBITDA	146,1 k €	+39.1%	105 k €	-16.6%	125,8 k €	-29.6%	178,8 k €	-35.6%	277,6 k €	+16.3%	238,6 k €	+30.7%	182,5 k €	-76.2%	766,8 k €	+97.4%	388,5 k €	+41.4%	274,8 k €	-2.3%	281,3 k €	+17.2%	240,1 k €	+14.7%	209,3 k €	+0.4%	208,4 k €	+4.0%	200,5 k €	+1.8%	196,8 k €	-7.3%	212,3 k €	+35.8%	156,4 k €
Operating result	52,4 k €	+975%	4,9 k €	+192%	-5,3 k €	-106%	86,8 k €	-53.2%	185,5 k €	+28.1%	144,8 k €	+76.6%	82 k €	-87.8%	672,5 k €	+196%	226,9 k €	+25.2%	181,2 k €	-1.3%	183,5 k €	+26.7%	144,8 k €	+9.7%	132 k €	+45.4%	90,8 k €	+13.8%	79,8 k €	-23.9%	104,7 k €	-30.6%	150,9 k €	+30.9%	115,3 k €
Net result	41,9 k €	+406%	8,3 k €	+301%	-4,1 k €	-107%	62,1 k €	-57.1%	144,9 k €	+22.2%	118,6 k €	+104%	58,2 k €	-87.0%	447,4 k €	+212%	143,3 k €	-34.7%	219,4 k €	+95.7%	112,2 k €	+16.7%	96,1 k €	+9.2%	88,1 k €	+63.7%	53,8 k €	+3.1%	52,2 k €	-32.2%	76,9 k €	-21.1%	97,5 k €	+17.0%	83,3 k €
Balance sheet
Equity	1,2 M €	+3.5%	1,2 M €	+0.7%	1,2 M €	-0.3%	1,2 M €	+5.4%	1,1 M €	+9.3%	1 M €	-6.5%	1,1 M €	+4.1%	1,1 M €	-17.9%	1,3 M €	+24.5%	1 M €	+26.1%	831,3 k €	+2.2%	813,1 k €	+11.1%	732 k €	+12.1%	652,9 k €	+9.0%	599,1 k €	-1.3%	607 k €	+11.6%	543,9 k €	+11.8%	486,4 k €
Total assets	1,3 M €	+0.7%	1,3 M €	-4.6%	1,4 M €	-1.7%	1,4 M €	+2.5%	1,4 M €	-10.8%	1,5 M €	+7.6%	1,4 M €	-29.5%	2 M €	+5.9%	1,9 M €	+13.3%	1,7 M €	+13.4%	1,5 M €	+2.0%	1,5 M €	+1.7%	1,4 M €	-0.5%	1,5 M €	+20.1%	1,2 M €	+22.0%	991,7 k €	+29.2%	767,6 k €	+5.5%	727,8 k €
Cash	146,4 k €	+161%	56,1 k €	-15.3%	66,3 k €	-83.2%	393,3 k €	+21.0%	325 k €	+2.3%	317,9 k €	+121%	143,7 k €	-76.3%	606 k €	+214%	192,8 k €	-26.9%	263,7 k €	+305%	65,1 k €	+48.8%	43,8 k €	-46.0%	81 k €	-4.4%	84,7 k €	+154%	33,4 k €	-53.4%	71,7 k €	-13.9%	83,3 k €	-11.9%	94,5 k €
Debts	54,1 k €	-33.2%	80,9 k €	-44.7%	146,2 k €	-8.3%	159,5 k €	-12.0%	181,2 k €	-58.6%	437,9 k €	+75.3%	249,8 k €	-71.9%	889,2 k €	+55.3%	572,5 k €	-3.1%	591 k €	-11.1%	664,6 k €	+1.6%	654,4 k €	-8.1%	711,9 k €	-9.8%	789,2 k €	+31.3%	601,3 k €	+58.7%	378,8 k €	+76.4%	214,8 k €	-8.2%	234 k €
Other
Workforce	–		–		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-11.1%	0,9 ETP	-73.5%	3,4 ETP	-44.3%	6,1 ETP	0.0%	6,1 ETP	+17.3%	5,2 ETP	0.0%	5,2 ETP	-5.5%	5,5 ETP	+12.2%	4,9 ETP	-2.0%	5,0 ETP	+2.0%	4,9 ETP	0.0%	4,9 ETP	+6.5%	4,6 ETP

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 30/09/2025 · 2 active · 5 ended

Active mandates

GRIETKIN HOET

Director · since 13 décembre 2023

Active

WERNER DECOUTERE

Director · since 13 décembre 2023

Active

Ended mandates

WD advies

Director · since 03 mars 2018 · until 13 décembre 2023 · 0691.640.484

Represented by WERNER DECOUTERE

Ended

WD advies

Director · since 03 mars 2018 · 0691.640.484

Represented by WERNER DECOUTERE

Ended

WD advies

Manager · since 03 mars 2018 · 0691.640.484

Represented by WERNER DECOUTERE

Ended

WERNER DECOUTERE

Manager · since 22 octobre 1996 · until 03 mars 2018

Ended

At this address

Other companies at this address

Company	CBE no.
Accountants aan de IJzer● Active	0691.992.357
Maatschap OLEANDER● Active	0744.563.288

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	28/04/2026	28/04/2025	29/04/2024	14/04/2023	28/04/2022	29/04/2021
General meeting	30/03/2026	31/03/2025	01/03/2024	04/03/2023	05/03/2022	06/03/2021
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
Abridged model	30/09/2025	30/03/2026	28/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	28/04/2025	Dutch	PDF
Abridged model	30/09/2023	01/03/2024	29/04/2024	Dutch	PDF
Abridged model	30/09/2022	04/03/2023	14/04/2023	Dutch	PDF
Abridged model	30/09/2021	05/03/2022	28/04/2022	Dutch	PDF
Abridged model	30/09/2020	06/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	07/03/2020	29/04/2020	Dutch	PDF
Abridged model	30/09/2018	19/04/2019	24/04/2019	Dutch	PDF
Abridged model	30/09/2017	03/03/2018	30/04/2018	Dutch	PDF
Abridged model	30/09/2016	08/05/2017	30/05/2017	Dutch	PDF
Abridged model	30/09/2015	30/04/2016	04/05/2016	Dutch	PDF
Abridged model	30/09/2014	25/04/2015	28/04/2015	Dutch	PDF
Abridged model	30/09/2013	31/03/2014	23/04/2014	Dutch	PDF
Abridged model	30/09/2012	31/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	30/04/2011	30/05/2011	Dutch	PDF
Abridged model	30/09/2009	31/03/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	31/03/2009	28/04/2009	Dutch	PDF
Abridged model	30/09/2007	31/03/2008	30/04/2008	Dutch	PDF
Abridged model	30/09/2006	03/03/2007	30/03/2007	Dutch	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 30/09/2025 · 2 active · 5 ended

Active mandates

GRIETKIN HOET

Director · since 13 décembre 2023

Active

WERNER DECOUTERE

Director · since 13 décembre 2023

Active

Ended mandates

WD advies

Director · since 03 mars 2018 · until 13 décembre 2023 · 0691.640.484

Represented by WERNER DECOUTERE

Ended

WD advies

Director · since 03 mars 2018 · 0691.640.484

Represented by WERNER DECOUTERE

Ended

WD advies

Manager · since 03 mars 2018 · 0691.640.484

Represented by WERNER DECOUTERE

Ended

WERNER DECOUTERE

Manager · since 22 octobre 1996 · until 03 mars 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/10/2018
KAPITAAL - AANDELEN
PDF
Mandates16/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/10/2014
KAPITAAL - AANDELEN - BENAMING
PDF
Registered office12/08/2013
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares02/10/2006
DOEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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 202541,9 k €↑
2024
Annual accounts 20248,3 k €↑
2023
Annual accounts 2023-4,1 k €↓
2023
Name changeLNDR
2022
Annual accounts 202262,1 k €↓
2021
Annual accounts 2021144,9 k €↑
2021
Name changeFISCAAL KANTOOR DECOUTERE
2020
Annual accounts 2020118,6 k €↑
2019
Annual accounts 201958,2 k €↓
2018
Annual accounts 2018447,4 k €↑
2017
Annual accounts 2017143,3 k €↓
2015
Annual accounts 2015219,4 k €↑
2014
Annual accounts 2014112,2 k €↑
2013
Annual accounts 201396,1 k €↑
2012
Annual accounts 201288,1 k €↑
2011
Annual accounts 201153,8 k €↑
2010
Annual accounts 201052,2 k €↓
2009
Annual accounts 200976,9 k €↓
2008
Annual accounts 200897,5 k €↑
2007
Annual accounts 200783,3 k €
25/10/1996
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

LNDR

Overview

What does LNDR do?

Trend over 18 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