ACTIVE

L en K PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

3,2 M €

+121.0% YoY

Revenue

18,1 M €

+11.1% YoY

Equity

15,1 M €

+88.5% YoY

What does L en K PROJECTS do?

L en K PROJECTS is a Private limited company incorporated in 1998. Its registered office is in Ieper.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.784.228

Incorporation

03/03/1998

Legal form

Private limited company

Registered office

Proosdijstraat 1
8900 Ieper · FlandreSee on map

Contributed capital

4 888 415,40 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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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
Revenue	18,1 M €	+11.1%	16,2 M €	+0.2%	16,2 M €	+3.9%	15,6 M €	-1.5%	15,8 M €	+19.2%	13,3 M €	+30.9%	10,2 M €	+15.2%	8,8 M €	+11.7%	7,9 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	1,7 M €	+6.4%	1,6 M €	+28.9%	1,3 M €	+80.6%	699,9 k €	-19.3%	867,3 k €	+3.2%	840,6 k €	+37.0%	613,4 k €	+15.1%	533,1 k €	-18.8%	656,6 k €	-14.9%	771,6 k €	+70.3%	453,2 k €	+211%	145,5 k €	+53.1%	95,1 k €	+8.7%	87,5 k €	+4.9%	83,4 k €	-28.8%	117,1 k €	+67.6%	69,9 k €	-31.3%	101,8 k €	-3.1%	105 k €
Operating result	1,6 M €	+11.6%	1,4 M €	+34.1%	1,1 M €	+70.4%	621,5 k €	-8.2%	677,2 k €	-0.7%	682,3 k €	+57.4%	433,5 k €	+28.5%	337,5 k €	-27.9%	468,2 k €	-34.4%	713,6 k €	+70.3%	419 k €	+276%	111,4 k €	+129%	48,6 k €	+17.6%	41,3 k €	+13.8%	36,3 k €	-45.0%	66 k €	+88.9%	35 k €	-47.5%	66,6 k €	+12.3%	59,3 k €
Net result	3,2 M €	+121%	1,4 M €	+17.0%	1,2 M €	+34.8%	918,2 k €	-31.8%	1,3 M €	+35.9%	990,5 k €	+8.2%	915,5 k €	+7.9%	848,6 k €	-69.8%	2,8 M €	+542%	438 k €	+82.8%	239,6 k €	+1259%	17,6 k €	+214%	5,6 k €	-50.2%	11,3 k €	-50.2%	22,7 k €	-35.8%	35,3 k €	+249%	10,1 k €	-76.6%	43,2 k €	+70.5%	25,3 k €
Balance sheet
Equity	15,1 M €	+88.5%	8 M €	+11.8%	7,2 M €	+11.4%	6,4 M €	+2.5%	6,3 M €	+27.2%	4,9 M €	-11.6%	5,6 M €	+19.6%	4,7 M €	+16.1%	4 M €	+26.3%	3,2 M €	+15.9%	2,7 M €	+9.6%	2,5 M €	+0.7%	2,5 M €	+766%	287,6 k €	0.0%	287,6 k €	-0.7%	289,6 k €	+2.3%	283,2 k €	+0.4%	282,1 k €	+9.5%	257,7 k €
Total assets	15,4 M €	+84.0%	8,4 M €	+3.5%	8,1 M €	+12.7%	7,2 M €	+0.8%	7,1 M €	+23.7%	5,7 M €	-2.6%	5,9 M €	+10.5%	5,3 M €	-20.2%	6,7 M €	+50.9%	4,4 M €	+1.2%	4,4 M €	+6.0%	4,1 M €	-0.3%	4,2 M €	+441%	767,1 k €	-4.3%	801,3 k €	-1.9%	816,5 k €	-2.3%	835,5 k €	+1.0%	827 k €	-3.3%	855,5 k €
Cash	3,2 M €	+39.5%	2,3 M €	-17.7%	2,8 M €	+5.2%	2,7 M €	+68.5%	1,6 M €	-7.6%	1,7 M €	+32.6%	1,3 M €	+18.0%	1,1 M €	-44.8%	2 M €	+398%	400,7 k €	+400%	80,2 k €	+169%	29,8 k €	-24.2%	39,4 k €	+712%	4,8 k €	-75.0%	19,3 k €	+65.4%	11,7 k €	+104%	5,7 k €	+2.2%	5,6 k €	-83.1%	33,2 k €
Debts	264,1 k €	-19.0%	325,9 k €	-63.7%	898,3 k €	+24.9%	719,5 k €	+11.8%	643,6 k €	-5.4%	680,2 k €	+255%	191,3 k €	-63.1%	518,6 k €	-79.2%	2,5 M €	+121%	1,1 M €	-23.0%	1,5 M €	-6.7%	1,6 M €	-4.3%	1,6 M €	+243%	478,2 k €	-6.4%	511 k €	-2.5%	524,1 k €	-4.6%	549,4 k €	+1.6%	541 k €	-8.9%	594,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Ludwig KESTELYN

Director

Active

Ended mandates

Ludwig Kestelyn

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
APOLLO FABRICS● Active	0779.416.279
Falk● Active	0753.379.796
LUNA● Active	0758.616.313
SUNCONFEX-LKP● Active	0501.804.556

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/05/2026	04/07/2025	03/06/2024	10/07/2023	11/07/2022	26/07/2021
General meeting	08/05/2026	26/06/2025	01/06/2024	28/06/2023	29/06/2022	05/06/2021
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
Full model	31/12/2025	08/05/2026	18/05/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	04/07/2025	Dutch	PDF
Full model	31/12/2023	01/06/2024	03/06/2024	Dutch	PDF
Full model	31/12/2022	28/06/2023	10/07/2023	Dutch	PDF
Full model	31/12/2021	29/06/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	05/06/2021	26/07/2021	Dutch	PDF
Full model	31/12/2019	06/06/2020	22/07/2020	Dutch	PDF
Full model	31/12/2018	01/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	02/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	25/07/2017	Dutch	PDF
Abridged model	30/06/2015	08/12/2015	29/12/2015	Dutch	PDF
Abridged model	30/06/2014	09/12/2014	29/12/2014	Dutch	PDF
Abridged model	30/06/2013	10/12/2013	20/12/2013	Dutch	PDF
Abridged model	30/06/2012	11/12/2012	21/01/2013	Dutch	PDF
Abridged model	30/06/2011	25/11/2011	19/12/2011	Dutch	PDF
Abridged model	30/06/2010	04/12/2010	10/12/2010	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	09/12/2009	Dutch	PDF
Abridged model	30/06/2008	06/12/2008	19/12/2008	Dutch	PDF
Abridged model	30/06/2007	11/12/2007	24/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 active · 1 ended

Active mandates

Ludwig KESTELYN

Director

Active

Ended mandates

Ludwig Kestelyn

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other06/07/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Restructuring22/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other29/12/2025
DIVERSEN
PDF
Mandates19/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other18/08/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares09/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other09/06/2016
ALGEMENE VERGADERING - BOEKJAAR
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 20253,2 M €↑
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022918,2 k €↓
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 2020990,5 k €↑
2019
Annual accounts 2019915,5 k €↑
2018
Annual accounts 2018848,6 k €↓
2017
Annual accounts 20172,8 M €↑
2016
Annual accounts 2016438 k €↑
2015
Annual accounts 2015239,6 k €↑
2014
Annual accounts 201417,6 k €↑
2013
Annual accounts 20135,6 k €↓
2012
Annual accounts 201211,3 k €↓
2011
Annual accounts 201122,7 k €↓
2010
Annual accounts 201035,3 k €↑
2009
Annual accounts 200910,1 k €↓
2008
Annual accounts 200843,2 k €↑
2007
Annual accounts 200725,3 k €
03/03/1998
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

L en K PROJECTS

Overview

What does L en K PROJECTS 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