ACTIVE

LHOIST

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Financial year 2025 · closed on 31/12/2025
Net result
776,9 M €
-25.1% YoY
Revenue
674,6 M €
+476.0% YoY
Equity
1,3 Md €
+60.7% YoY
Workforce
107,0 ETP
+11.5% YoY

What does LHOIST do?

LHOIST is a Public limited company incorporated in 1996. Its main activity is: Manufacture of lime and plaster. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 107,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0459.399.522
Incorporation
10/12/1996
Legal form
Public limited company
Registered office
Rue Charles Dubois 28
1342 Ottignies-Louvain-la-Neuve · WallonieSee on map
Contributed capital
5 099 288,89 €
Latest accounts
31/12/2025
Average workforce
107,0 ETP
Activities (NACE)
23520Manufacture of lime and plaster· main23520Manufacture of lime and plaster46731Wholesale of wood, construction materials and sanitary equipment46831Wholesale trade, except of motor vehicles and motorcycles51532Air transport
Joint committees (1)
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520232022202120202019201820172016201520142013201220112010200920082007
Income statement
Revenue674,6 M €117,1 M €151,6 M €135,4 M €72,1 M €74,6 M €74,4 M €84,1 M €82,1 M €84,7 M €79,4 M €79,3 M €78,3 M €80,3 M €74,1 M €54,5 M €56,5 M €53,9 M €
EBITDA139 M €-4,4 M €7,3 M €207,8 k €-22,1 M €-18 M €-25,7 M €-16,2 M €-9,3 M €-15,8 M €-25,2 M €-19,9 M €-20,4 M €-18,7 M €-2,9 M €-22,7 M €-11 M €-11 M €
Operating result147 M €-12,2 M €2 M €-1,1 M €-22,6 M €-18,5 M €-26,4 M €-17,2 M €-9,8 M €-16 M €-25,4 M €-20,3 M €-20,6 M €-18,7 M €-3,1 M €-23 M €-11,2 M €-11,2 M €
Net result776,9 M €1 Md €208,3 M €105,1 M €168,1 M €132,7 M €-4,9 M €91,8 M €61,3 M €242,8 M €83,8 M €458,9 M €90,1 M €187 M €2,1 M €11,9 M €-22,1 M €198,9 k €
Balance sheet
Equity1,3 Md €825,4 M €638,2 M €460,5 M €484,6 M €316,5 M €183,8 M €353,5 M €261,8 M €285,6 M €107,7 M €124 M €197,1 M €264,8 M €176,9 M €342,9 M €331 M €353,1 M €
Total assets2,1 Md €2,9 Md €2,1 Md €947,5 M €1,1 Md €809,6 M €836,2 M €819,6 M €817,3 M €852,2 M €847,2 M €833,1 M €842,2 M €845,7 M €668,4 M €655,9 M €600,5 M €609 M €
Cash77 k €89,8 k €86 k €140,5 k €162,4 k €–95,6 k €304,6 k €131,5 k €560,8 k €533,2 k €557,8 k €459,6 k €326,6 k €486,5 k €42,5 k €27,6 k €17,5 k €
Debts785,8 M €2 Md €1,4 Md €479,7 M €564,5 M €487,2 M €645,4 M €454,8 M €539,1 M €549 M €713,2 M €684,7 M €617 M €557,9 M €474,8 M €295,5 M €252,6 M €243,7 M €
Other
Workforce107,0 ETP96,0 ETP92,8 ETP95,7 ETP101,0 ETP102,3 ETP94,1 ETP88,3 ETP80,1 ETP83,3 ETP86,0 ETP85,4 ETP86,6 ETP83,1 ETP77,3 ETP40,0 ETP43,5 ETP44,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 11 active · 108 ended

Active mandates

Valentine BERGHMANS

Director · since 21 octobre 2025 · until 30 mai 2028

Active
Anne Marianne FENTENER van VLISSINGEN

Director · until 26 mai 2026

Active
BERGHMANS BARON

Président Honoraire du Conseil d'Administration · until 30 mai 2028

Active
Elisabeth van der VAEREN

Director · until 26 mai 2026

Active
Jean-Marc ETLIN

Director · until 30 mai 2028

Active
Marcos de AZEVEDO FERREIRA FRANCA

Chairman of the board of directors · until 30 mai 2028

Active
Michel TILMANT

Director · until 30 mai 2028

Active
Monique FORGET LEROUX

Director · until 26 mai 2026

Active
Olivier BERGHMANS

Director · until 26 mai 2026

Active
Pierre GURDJIAN

Director · until 26 mai 2026

Active
Vincent BERGHMANS

Director · until 30 mai 2028

Active

Ended mandates

Marcos de AZEVEDO FERREIRA FRANCA

Managing director · since 01 août 2017 · until 28 mai 2019

Ended
Pierre GURDJIAN

Director · since 15 décembre 2016 · until 30 mai 2017

Ended
Torkel RHENMAN

Managing director · since 14 septembre 2012 · until 28 mai 2013

Ended
Jean-Marc ETLIN

Director · since 22 juin 2012 · until 28 mai 2013

Ended
At this address

Other companies at this address

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DOLOMIES DE MARCHE-LES-DAMES● Active
0425.225.234
DOMAINE DE HOYOUX S.A.● Active
0417.330.523
Domaine de Ramezée● Active
0439.100.390
Domaine d'Haveligeoule● Active
0745.715.511
Immobilière Saint-Michel● Active
0420.731.461
IMMO SCLERMONT● Active
0417.203.928
LHOIST RECHERCHE ET DEVELOPPEMENT● Active
0434.971.655
LHOIST UNITE TVA● Active
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Lim’Art● Active
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LNA Holding● Active
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202629/07/202524/07/202431/07/202301/08/202225/06/2021
General meeting26/05/202627/05/202528/05/202430/05/202331/05/202225/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

39 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/05/202627/07/2026FrenchPDF
Full model31/12/202427/05/202529/07/2025FrenchPDF
Consolidated accounts31/12/202427/05/202529/07/2025FrenchPDF
Full model31/12/202328/05/202424/07/2024FrenchPDF
Consolidated accounts31/12/202328/05/202424/07/2024FrenchPDF
Full model31/12/202230/05/202331/07/2023FrenchPDF
Consolidated accounts31/12/202230/05/202331/07/2023FrenchPDF
Full model31/12/202131/05/202201/08/2022FrenchPDF
Consolidated accounts31/12/202131/05/202203/08/2022FrenchPDF
Full model31/12/202025/05/202125/06/2021FrenchPDF
Consolidated accounts31/12/202025/05/202125/06/2021FrenchPDF
Full model31/12/201926/05/202022/06/2020FrenchPDF
Consolidated accounts31/12/201926/05/202022/06/2020FrenchPDF
Full model31/12/201828/05/201925/06/2019FrenchPDF
Consolidated accounts31/12/201828/05/201925/06/2019FrenchPDF
Full model31/12/201729/05/201825/06/2018FrenchPDF
Consolidated accounts31/12/201729/05/201825/06/2018FrenchPDF
Full model31/12/201630/05/201708/06/2017FrenchPDF
Consolidated accounts31/12/201630/05/201727/06/2017FrenchPDF
Full model31/12/201531/05/201624/06/2016FrenchPDF
Consolidated accounts31/12/201531/05/201627/06/2016FrenchPDF
Full model31/12/201426/05/201524/06/2015FrenchPDF
Consolidated accounts31/12/201426/05/201526/06/2015FrenchPDF
Full model31/12/201327/05/201423/06/2014FrenchPDF

View all 39 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 11 active · 108 ended

Active mandates

Valentine BERGHMANS

Director · since 21 octobre 2025 · until 30 mai 2028

Active
Anne Marianne FENTENER van VLISSINGEN

Director · until 26 mai 2026

Active
BERGHMANS BARON

Président Honoraire du Conseil d'Administration · until 30 mai 2028

Active
Elisabeth van der VAEREN

Director · until 26 mai 2026

Active
Jean-Marc ETLIN

Director · until 30 mai 2028

Active
Marcos de AZEVEDO FERREIRA FRANCA

Chairman of the board of directors · until 30 mai 2028

Active
Michel TILMANT

Director · until 30 mai 2028

Active
Monique FORGET LEROUX

Director · until 26 mai 2026

Active
Olivier BERGHMANS

Director · until 26 mai 2026

Active
Pierre GURDJIAN

Director · until 26 mai 2026

Active
Vincent BERGHMANS

Director · until 30 mai 2028

Active

Ended mandates

Marcos de AZEVEDO FERREIRA FRANCA

Managing director · since 01 août 2017 · until 28 mai 2019

Ended
Pierre GURDJIAN

Director · since 15 décembre 2016 · until 30 mai 2017

Ended
Torkel RHENMAN

Managing director · since 14 septembre 2012 · until 28 mai 2013

Ended
Jean-Marc ETLIN

Director · since 22 juin 2012 · until 28 mai 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Other15/06/2026
    —
    PDF
  • Mandates04/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/06/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/07/2023
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025776,9 M €↓
  2. 21/10/2025
    nominationValentine Berghmans — Administratrice
  3. 01/10/2025
    nominationPhilipp Niemann — délégué à la gestion journalière
  4. 01/10/2025
    nominationBaron Berghmans — Président Honoraire
  5. 01/10/2025
    nominationMarcos França — Président du Conseil d'administration
  6. 27/05/2025
    reconductionForvis Mazars Réviseurs d'entreprises SRL — commissaire
  7. 02/12/2024
    nominationVaillon SRL — Administrateur
  8. 28/05/2024
    reconductionBaron Berghmans
  9. 28/05/2024
    reconductionVincent Berghmans
  10. 28/05/2024
    reconductionJean-Marc Etlin
  11. 28/05/2024
    reconductionMichel Tilmant
  12. 28/05/2024
    reconductionMarcos de Azevedo Ferreira França
  13. 28/05/2024
    reconductionAnne Marianne Fentener van Vlissingen
  14. 28/05/2024
    reconductionPierre Gurdjian
  15. 2023
    Annual accounts 20231 Md €↑
  16. 30/06/2023
    nominationMonique Forget Leroux — Administratrice
  17. 08/03/2023
    demissionArnaud Baudrihaye — pouvoirs fiscaux
  18. 2022
    Annual accounts 2022208,3 M €↑
  19. 20/06/2022
    nominationElisabeth van der Vaeren — Administrateur
  20. 20/06/2022
    nominationOlivier Berghmans — Administrateur
  21. 31/05/2022
    reconductionBaron Berghmans — Administrateur
  22. 31/05/2022
    reconductionAnne Marianne Fentener van Vlissingen — Administrateur
  23. 31/05/2022
    reconductionVincent Berghmans — Administrateur
  24. 31/05/2022
    reconductionJean-Marc Etlin — Administrateur
  25. 31/05/2022
    reconductionPierre Gurdjian — Administrateur
  26. 31/05/2022
    reconductionMichel Tilmant — Administrateur
  27. 31/05/2022
    reconductionMarcos de Azevedo Ferreira França — Administrateur
  28. 2021
    Annual accounts 2021105,1 M €↓
  29. 2020
    Annual accounts 2020168,1 M €↑
  30. 2019
    Annual accounts 2019132,7 M €↑
  31. 2018
    Annual accounts 2018-4,9 M €↓
  32. 2017
    Annual accounts 201791,8 M €↑
  33. 2016
    Annual accounts 201661,3 M €↓
  34. 2015
    Annual accounts 2015242,8 M €↑
  35. 2014
    Annual accounts 201483,8 M €↓
  36. 2013
    Annual accounts 2013458,9 M €↑
  37. 2012
    Annual accounts 201290,1 M €↓
  38. 2011
    Annual accounts 2011187 M €↑
  39. 2010
    Annual accounts 20102,1 M €↓
  40. 2009
    Annual accounts 200911,9 M €↑
  41. 2008
    Annual accounts 2008-22,1 M €↓
  42. 2007
    Annual accounts 2007198,9 k €
  43. 10/12/1996
    IncorporationPublic limited company