ACTIVE

LOREC

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Financial year 2024 · closed on 31/12/2024

Net result

43,4 k €

+57.7% YoY

Gross margin

82,7 k €

+29.5% YoY

Equity

466,7 k €

+10.2% YoY

What does LOREC do?

LOREC is a Private limited company incorporated in 1997. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Tongeren-Borgloon.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.841.249

Incorporation

05/11/1997

Legal form

Private limited company

Registered office

Tramstraat 2A
3840 Tongeren-Borgloon · FlandreSee on map

Contributed capital

28 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	82,7 k €	+29.5%	63,8 k €	+9.0%	58,6 k €	-18.4%	71,8 k €	+71.6%	41,8 k €	+1.0%	41,4 k €	+3.7%	39,9 k €	+14.5%	34,9 k €	-21.7%	44,5 k €	+34.8%	33 k €	-4.3%	34,5 k €	+40.7%	24,5 k €	-36.0%	38,3 k €	+54.5%	24,8 k €	+20.0%	20,7 k €	-43.2%	36,4 k €	-6.6%	39 k €	+23.1%	31,7 k €	+7.1%	29,6 k €
EBITDA	78,6 k €	+31.0%	60 k €	+9.7%	54,7 k €	-17.0%	66 k €	+78.6%	36,9 k €	+1.1%	36,5 k €	-4.4%	38,2 k €	+25.7%	30,4 k €	-23.0%	39,5 k €	+9.6%	36 k €	+20.3%	29,9 k €	+53.6%	19,5 k €	-46.2%	36,3 k €	+80.0%	20,1 k €	+11.3%	18,1 k €	-47.8%	34,6 k €	-7.3%	37,4 k €	+36.6%	27,4 k €	-3.5%	28,3 k €
Operating result	65,8 k €	+44.0%	45,7 k €	+13.1%	40,4 k €	-30.1%	57,8 k €	+59.8%	36,2 k €	+1.4%	35,7 k €	-4.5%	37,4 k €	+26.4%	29,6 k €	+46.2%	20,2 k €	+40.6%	14,4 k €	+98.2%	7,2 k €	+3901%	181,2 €	-99.0%	18,1 k €	+506%	3 k €	-8.3%	3,3 k €	-85.5%	22,5 k €	-9.2%	24,7 k €	+64.2%	15,1 k €	-6.1%	16 k €
Net result	43,4 k €	+57.7%	27,5 k €	+19.4%	23 k €	-38.2%	37,3 k €	+81.3%	20,6 k €	+30.2%	15,8 k €	-37.4%	25,2 k €	+50.4%	16,8 k €	+133%	7,2 k €	+27.4%	5,6 k €	+11.6%	5,1 k €	-11.6%	5,7 k €	-76.2%	24 k €	+676%	3,1 k €	-74.0%	11,9 k €	+23.9%	9,6 k €	-45.5%	17,7 k €	+1111%	-1,7 k €	-123%	7,5 k €
Balance sheet
Equity	466,7 k €	+10.2%	423,4 k €	+6.9%	395,9 k €	+6.2%	372,9 k €	+11.1%	335,6 k €	+6.5%	315 k €	+5.3%	299,2 k €	+9.2%	274 k €	+6.5%	257,2 k €	+2.9%	250 k €	+2.3%	244,4 k €	+2.1%	239,4 k €	-1.9%	244 k €	+10.9%	220 k €	+1.4%	216,9 k €	+5.8%	205 k €	+4.9%	195,4 k €	+9.9%	177,7 k €	-1.0%	179,5 k €
Total assets	633,7 k €	-0.9%	639,7 k €	+1.7%	628,9 k €	-0.6%	632,8 k €	+9.4%	578,3 k €	+5.2%	549,6 k €	+2.5%	536,2 k €	+2.0%	525,5 k €	+2.7%	511,5 k €	-4.0%	532,8 k €	+8.6%	490,4 k €	+27.9%	383,2 k €	+8.9%	352,1 k €	+0.3%	350,9 k €	-1.6%	356,7 k €	+4.6%	341,1 k €	-2.9%	351,1 k €	-2.6%	360,4 k €	-5.7%	382,2 k €
Cash	–		–		–		–		–		–		–		–		4,6 k €		–		–		–		–		–		–		–		95,5 €		–		–
Debts	162,5 k €	-23.2%	211,6 k €	-7.9%	229,8 k €	-11.1%	258,4 k €	+9.1%	236,9 k €	+2.4%	231,4 k €	-1.6%	235,3 k €	-5.2%	248,3 k €	-1.5%	252,1 k €	-10.8%	282,7 k €	+17.3%	241 k €	+71.6%	140,4 k €	+36.8%	102,6 k €	-18.5%	125,9 k €	-8.3%	137,2 k €	+2.8%	133,6 k €	-12.9%	153,3 k €	-14.9%	180,2 k €	-10.7%	201,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 6 ended

Active mandates

SABINE REQUILE

Associate · since 05 octobre 1997

Active

Ended mandates

JURGEN LOWETTE

Director · since 21 septembre 2006

Ended

SABINE REQUILE

Director · since 05 octobre 1997

Ended

SABINE REQUILE

Managing director · since 05 octobre 1997

Ended

SABINE REQUILE

Manager · since 05 octobre 1997

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	29/08/2024	29/08/2023	27/08/2022	29/07/2021	30/07/2020
General meeting	07/05/2025	02/05/2024	03/05/2023	04/05/2022	05/05/2021	06/05/2020
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
Micro model	31/12/2024	07/05/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	02/05/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	03/05/2023	29/08/2023	Dutch	PDF
Micro model	31/12/2021	04/05/2022	27/08/2022	Dutch	PDF
Micro model	31/12/2020	05/05/2021	29/07/2021	Dutch	PDF
Micro model	31/12/2019	06/05/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	02/05/2019	29/07/2019	Dutch	PDF
Micro model	31/12/2017	02/05/2018	31/07/2018	Dutch	PDF
Micro model	31/12/2016	04/05/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	04/05/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	06/05/2015	11/08/2015	Dutch	PDF
Abridged model	31/12/2013	07/05/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	02/05/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	04/05/2011	11/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/05/2010	12/08/2010	Dutch	PDF
Abridged model	31/12/2008	07/05/2009	25/07/2009	Dutch	PDF
Abridged model	31/12/2007	07/05/2008	07/07/2008	Dutch	PDF
Abridged model	31/12/2006	06/05/2007	29/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 1 active · 6 ended

Active mandates

SABINE REQUILE

Associate · since 05 octobre 1997

Active

Ended mandates

JURGEN LOWETTE

Director · since 21 septembre 2006

Ended

SABINE REQUILE

Director · since 05 octobre 1997

Ended

SABINE REQUILE

Managing director · since 05 octobre 1997

Ended

SABINE REQUILE

Manager · since 05 octobre 1997

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/09/2026
ONTSLAGEN, BENOEMINGEN, WIJZIGING RECHTSVORM
PDF
Other05/03/2012
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates16/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other05/10/2006
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

2024
Annual accounts 202443,4 k €↑
2023
Annual accounts 202327,5 k €↑
2022
Annual accounts 202223 k €↓
2021
Annual accounts 202137,3 k €↑
2020
Annual accounts 202020,6 k €↑
2019
Annual accounts 201915,8 k €↓
2018
Annual accounts 201825,2 k €↑
2017
Annual accounts 201716,8 k €↑
2016
Annual accounts 20167,2 k €↑
2015
Annual accounts 20155,6 k €↑
2014
Annual accounts 20145,1 k €↓
2013
Annual accounts 20135,7 k €↓
2012
Annual accounts 201224 k €↑
2011
Annual accounts 20113,1 k €↓
2010
Annual accounts 201011,9 k €↑
2009
Annual accounts 20099,6 k €↓
2008
Annual accounts 200817,7 k €↑
2007
Annual accounts 2007-1,7 k €↓
2006
Annual accounts 20067,5 k €
05/11/1997
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

LOREC

Overview

What does LOREC do?

Trend over 19 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