ACTIVE

LMS-SYSTEMS

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Financial year 2025 · closed on 31/03/2025

Net result

723,8 k €

+32.1% YoY

Gross margin

1 M €

+1.4% YoY

Equity

5,8 M €

+14.4% YoY

What does LMS-SYSTEMS do?

LMS-SYSTEMS is a Private limited company incorporated in 1997. Its main activity is: Management consultancy activities. Its registered office is in Wortegem-Petegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.070.287

Incorporation

10/12/1997

Legal form

Private limited company

Registered office

St. Martinusstraat (P.) 14
9790 Wortegem-Petegem · Flandre

Contributed capital

487 605,32 €

Latest accounts

31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	+1.4%	1 M €	+14.7%	902,2 k €	+33.6%	675,2 k €	-31.7%	989 k €	+50.2%	658,4 k €	+19.5%	551 k €	-0.9%	556,2 k €	-41.8%	956,2 k €	+0.4%	952 k €	+104%	467,5 k €	+101%	232,4 k €	+9.3%	212,6 k €	+0.9%	210,7 k €	+16.7%	180,5 k €	-3.1%	186,3 k €	+12.4%	165,8 k €	+74.4%	95,1 k €	-26.3%	129 k €	-91.8%	1,6 M €
EBITDA	1 M €	+30.8%	793,1 k €	-10.8%	889,3 k €	+34.4%	661,6 k €	-32.7%	983,2 k €	+68.1%	585 k €	+33.6%	438 k €	+37.0%	319,6 k €	-55.0%	710,4 k €	-0.2%	711,9 k €	+106%	345,9 k €	+82.3%	189,8 k €	+8.1%	175,5 k €	+7.3%	163,6 k €	+24.6%	131,3 k €	-9.7%	145,3 k €	+24.2%	117 k €	+106%	56,9 k €	-62.4%	151,4 k €	-87.6%	1,2 M €
Operating result	972,6 k €	+30.7%	744,2 k €	-11.3%	838,7 k €	+39.2%	602,6 k €	-34.2%	916,3 k €	+67.0%	548,7 k €	+49.6%	366,7 k €	+21.8%	301,2 k €	-56.2%	687,9 k €	-0.2%	689,3 k €	+113%	322,9 k €	+94.9%	165,7 k €	+1.3%	163,5 k €	+20.2%	136,1 k €	+29.4%	105,1 k €	-15.8%	124,9 k €	+8.3%	115,4 k €	+721%	-18,6 k €	-111%	174,7 k €	-84.4%	1,1 M €
Net result	723,8 k €	+32.1%	548,1 k €	-12.7%	627,9 k €	+37.4%	457 k €	-38.6%	744,2 k €	+89.6%	392,6 k €	+64.9%	238,1 k €	+27.3%	187 k €	-59.5%	461,9 k €	+10.8%	416,9 k €	+102%	206,8 k €	+67.7%	123,3 k €	+3.0%	119,6 k €	+17.5%	101,9 k €	+22.8%	82,9 k €	-11.5%	93,7 k €	-16.6%	112,4 k €	+670%	-19,7 k €	-115%	134,6 k €	-81.8%	741,1 k €
Balance sheet
Equity	5,8 M €	+14.4%	5 M €	+2.7%	4,9 M €	+9.4%	4,5 M €	+11.4%	4 M €	+22.7%	3,3 M €	+13.5%	2,9 M €	+8.9%	2,6 M €	+7.5%	2,5 M €	+22.9%	2 M €	+26.1%	1,6 M €	+14.8%	1,4 M €	+2.0%	1,4 M €	+9.5%	1,2 M €	+8.8%	1,1 M €	+1.0%	1,1 M €	+8.8%	1 M €	+3.0%	1 M €	-2.1%	1 M €	+20.4%	854,1 k €
Total assets	6,8 M €	+7.3%	6,3 M €	+13.0%	5,6 M €	+14.0%	4,9 M €	+1.0%	4,8 M €	+18.4%	4,1 M €	+3.7%	3,9 M €	+34.7%	2,9 M €	+5.4%	2,8 M €	+15.6%	2,4 M €	+21.8%	2 M €	+15.9%	1,7 M €	-1.1%	1,7 M €	+2.3%	1,7 M €	+1.2%	1,7 M €	+3.1%	1,6 M €	-3.3%	1,7 M €	+5.6%	1,6 M €	+17.4%	1,3 M €	+3.3%	1,3 M €
Cash	1,8 M €	-12.9%	2,1 M €	+20.4%	1,7 M €	+0.1%	1,7 M €	+24.7%	1,4 M €	+26.7%	1,1 M €	+23.8%	890,8 k €	-12.7%	1 M €	+10.1%	926,4 k €	+7.4%	862,8 k €	+47.6%	584,4 k €	+87.0%	312,5 k €	+45.0%	215,5 k €	+2.2%	210,9 k €	+1.7%	207,4 k €	+27.0%	163,3 k €	-16.1%	194,5 k €	+139%	81,3 k €	-66.9%	245,4 k €	-33.5%	369,3 k €
Debts	997,6 k €	-20.9%	1,3 M €	+88.2%	670 k €	+65.7%	404,4 k €	-50.2%	812,7 k €	+0.9%	805,5 k €	-23.1%	1 M €	+293%	266,9 k €	-11.3%	300,7 k €	-22.0%	385,5 k €	+4.3%	369,4 k €	+22.0%	302,8 k €	-12.9%	347,8 k €	-18.2%	425,4 k €	-15.7%	504,5 k €	+8.7%	464,1 k €	-23.6%	607,1 k €	+10.5%	549,5 k €	+87.5%	293 k €	-33.9%	443,2 k €
Other
Workforce	–		–		–		–		–		1,6 ETP	-27.3%	2,2 ETP	-45.0%	4,0 ETP	-11.1%	4,5 ETP	-10.0%	5,0 ETP	+25.0%	4,0 ETP	+100%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-33.3%	1,5 ETP	+7.1%	1,4 ETP		–		4,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 5 ended

Active mandates

Marianne Lelieur

Director

Active

Ended mandates

Anna Defoort

Manager

Ended

Johan Bekaert

Associate

Ended

JOHAN BEKAERT

Manager

Ended

Marian Lelieur

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Accountancy Bekaert● Active	0698.803.440
Aqua Cleaning● Active	0673.741.016
B. Bekaert Consultancy● Active	0423.982.347
BIO-INVEST● Active	0881.270.536
C & C● Active	0799.830.722
CONFISERIE RIAL● Liquidation	0426.501.773
DN INFORMATICA SERVICES● Active	0458.844.147
FIN-CONSULT● Active	0462.759.779
IMEK● Active	0863.687.901

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/10/2025	04/10/2024	31/10/2023	31/10/2022	25/11/2021	08/10/2020
General meeting	27/09/2025	28/09/2024	30/09/2023	15/10/2022	30/10/2021	26/09/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	27/09/2025	20/10/2025	Dutch	PDF
Abridged model	31/03/2024	28/09/2024	04/10/2024	Dutch	PDF
Abridged model	31/03/2023	30/09/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	15/10/2022	31/10/2022	Dutch	PDF
Abridged model	31/03/2021	30/10/2021	25/11/2021	Dutch	PDF
Abridged model	31/03/2020	26/09/2020	08/10/2020	Dutch	PDF
Abridged model	31/03/2019	28/09/2019	23/10/2019	Dutch	PDF
Abridged model	31/03/2018	29/09/2018	09/10/2018	Dutch	PDF
Abridged model	31/03/2017	30/09/2017	10/10/2017	Dutch	PDF
Abridged model	31/03/2016	24/09/2016	13/10/2016	Dutch	PDF
Abridged model	31/03/2015	26/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	27/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	28/09/2013	23/10/2013	Dutch	PDF
Abridged model	31/03/2012	29/09/2012	30/10/2012	Dutch	PDF
Abridged model	31/03/2011	24/09/2011	25/10/2011	Dutch	PDF
Abridged model	31/03/2010	02/10/2010	29/10/2010	Dutch	PDF
Abridged model	31/03/2009	03/10/2009	29/10/2009	Dutch	PDF
Abridged model	31/03/2008	25/10/2008	24/11/2008	Dutch	PDF
Abridged model	31/03/2007	13/10/2007	25/10/2007	Dutch	PDF
Abridged modelCorrection	31/03/2006	18/11/2006	02/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/03/2025 · 1 active · 5 ended

Active mandates

Marianne Lelieur

Director

Active

Ended mandates

Anna Defoort

Manager

Ended

Johan Bekaert

Associate

Ended

JOHAN BEKAERT

Manager

Ended

Marian Lelieur

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/02/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2006
MAATSCHAPPELIJKE ZETEL - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
PDF
Registered office06/01/2006
MAATSCHAPPELIJKE ZETEL - BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares20/07/2005
KAPITAAL - AANDELEN - BOEKJAAR - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025723,8 k €↑
2024
Annual accounts 2024548,1 k €↓
2023
Annual accounts 2023627,9 k €↑
2022
Annual accounts 2022457 k €↓
2021
Annual accounts 2021744,2 k €↑
2020
Annual accounts 2020392,6 k €↑
2019
Annual accounts 2019238,1 k €↑
2018
Annual accounts 2018187 k €↓
2017
Annual accounts 2017461,9 k €↑
2016
Annual accounts 2016416,9 k €↑
2015
Annual accounts 2015206,8 k €↑
2014
Annual accounts 2014123,3 k €↑
2013
Annual accounts 2013119,6 k €↑
2012
Annual accounts 2012101,9 k €↑
2011
Annual accounts 201182,9 k €↓
2010
Annual accounts 201093,7 k €↓
2009
Annual accounts 2009112,4 k €↑
2008
Annual accounts 2008-19,7 k €↓
2007
Annual accounts 2007134,6 k €↓
2006
Annual accounts 2006741,1 k €
10/12/1997
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

LMS-SYSTEMS

Overview

What does LMS-SYSTEMS do?

Trend over 20 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