ACTIVE

LTD FINITIONS

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Financial year 2025 · closed on 31/12/2025

Net result

-126,4 k €

-1971.4% YoY

Gross margin

208,8 k €

-46.1% YoY

Equity

-85,4 k €

-307.9% YoY

Workforce

7,1 ETP

-17.4% YoY

What does LTD FINITIONS do?

LTD FINITIONS is a Private limited company incorporated in 1998. Its main activity is: Manufacture of furniture. Its registered office is in Liège. It employs on average 7,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.802.539

Incorporation

03/03/1998

Legal form

Private limited company

Registered office

Rue Thier-del-Dague 26
4000 Liège · WallonieSee on map

Contributed capital

6 197,33 €

Latest accounts

31/12/2025

Average workforce

7,1 ETP

Activities (NACE)

31001Manufacture of furniture· main 31010Manufacture of office and shop furniture 36121Water collection, treatment and supply 43350Building completion and finishing 43390Other building completion and finishing

Joint committees (6)

100
124
149
14904
200
218

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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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	208,8 k €	-46.1%	387,5 k €	+1.3%	382,6 k €	+13.0%	338,6 k €	-5.7%	359,1 k €	-18.5%	440,7 k €		–		–		464,9 k €	+33.2%	348,9 k €	+186%	122,1 k €	+5.3%	116 k €	+19.4%	97,2 k €	-12.3%	110,8 k €	-13.0%	127,4 k €	+40.4%	90,7 k €	+11.0%	81,7 k €	+1.9%	80,2 k €	+8.1%	74,2 k €	+10.2%	67,3 k €
EBITDA	-78,1 k €	-289%	41,3 k €	+321%	-18,6 k €	-164%	29,1 k €	-33.1%	43,5 k €	+139%	18,2 k €	-85.7%	127,4 k €	+8.6%	117,4 k €	+52.8%	76,8 k €	+12.7%	68,1 k €	+65.4%	41,2 k €	-2.3%	42,2 k €	+63.6%	25,8 k €	-25.4%	34,6 k €	-34.0%	52,4 k €	+107%	25,4 k €	+62.7%	15,6 k €	-23.8%	20,5 k €	+18.0%	17,3 k €	-10.6%	19,4 k €
Operating result	-113,7 k €	-1124%	11,1 k €	+126%	-42,5 k €	-752%	6,5 k €	-14.7%	7,6 k €	+123%	-32,7 k €	-141%	79,8 k €	-9.3%	87,9 k €	+82.9%	48,1 k €	+40.4%	34,3 k €	+29.4%	26,5 k €	-6.3%	28,2 k €	+146%	11,5 k €	-54.8%	25,5 k €	-38.3%	41,3 k €	+226%	12,7 k €	+268%	3,4 k €	-69.8%	11,4 k €	+37.5%	8,3 k €	-19.9%	10,4 k €
Net result	-126,4 k €	-1971%	6,8 k €	+115%	-46 k €	-1158%	4,3 k €	-30.8%	6,3 k €	+118%	-34,5 k €	-158%	59,6 k €	-12.3%	68 k €	+58.2%	43 k €	+88.9%	22,7 k €	+53.5%	14,8 k €	-10.3%	16,5 k €	+230%	5 k €	-67.0%	15,2 k €	-36.5%	23,9 k €	+200%	8 k €	+788%	896,5 €	-70.7%	3,1 k €	-65.2%	8,8 k €	-27.8%	12,2 k €
Balance sheet
Equity	-85,4 k €	-308%	41,1 k €	+19.7%	34,3 k €	-57.3%	80,3 k €	-3.1%	82,9 k €	-0.8%	83,5 k €	-33.1%	124,9 k €	+8.4%	115,3 k €	+55.2%	74,3 k €	+44.8%	51,3 k €	+45.5%	35,2 k €	+2.4%	34,4 k €	+23.3%	27,9 k €	-9.7%	30,9 k €	+0.5%	30,8 k €	+6.5%	28,9 k €	+7.3%	26,9 k €	-15.9%	32 k €	-8.4%	35 k €	+8.6%	32,2 k €
Total assets	321 k €	-32.1%	472,7 k €	+42.8%	331,1 k €	-16.2%	395 k €	+25.4%	314,9 k €	-4.0%	327,9 k €	-23.9%	430,8 k €	-6.3%	459,8 k €	+52.7%	301,1 k €	-0.9%	304 k €	+137%	128,5 k €	+34.2%	95,7 k €	+6.5%	89,9 k €	-22.7%	116,3 k €	-12.9%	133,6 k €	+32.4%	101 k €	+4.5%	96,6 k €	+15.2%	83,8 k €	-8.7%	91,8 k €	-4.7%	96,3 k €
Cash	72,3 €	-99.2%	8,7 k €	-68.0%	27,3 k €	-3.4%	28,3 k €	+57.8%	17,9 k €	+80.8%	9,9 k €	-83.1%	58,8 k €	+288%	15,2 k €	-27.0%	20,8 k €	-67.3%	63,5 k €	+591%	9,2 k €	+1862%	468,6 €	-90.9%	5,2 k €	-71.8%	18,3 k €	-39.5%	30,2 k €	+288%	7,8 k €	+7.0%	7,3 k €	-23.1%	9,5 k €	+145%	3,9 k €	-78.7%	18,2 k €
Debts	406,1 k €	-0.8%	409,3 k €	+37.9%	296,8 k €	-3.8%	308,6 k €	+39.0%	222 k €	-8.3%	242,1 k €	-20.9%	305,9 k €	-11.2%	344,6 k €	+51.9%	226,9 k €	-7.5%	245,2 k €	+163%	93,3 k €	+52.1%	61,3 k €	-1.2%	62 k €	-27.4%	85,4 k €	-17.0%	102,9 k €	+42.7%	72,1 k €	+3.5%	69,6 k €	+34.4%	51,8 k €	-8.8%	56,8 k €	-11.4%	64,1 k €
Other
Workforce	7,1 ETP	-17.4%	8,6 ETP	-2.3%	8,8 ETP	+2.3%	8,6 ETP	-20.4%	10,8 ETP	-23.9%	14,2 ETP	-2.1%	14,5 ETP	+33.0%	10,9 ETP		–		–		2,4 ETP	+4.3%	2,3 ETP	+4.5%	2,2 ETP	0.0%	2,2 ETP	+10.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	+31.6%	1,9 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

DERO-INVEST

Managing director · 0675.465.141

Represented by Patrick DEROANNE

Active

Ended mandates

DERO-INVEST

Administrator - manager · 0675.465.141

Represented by Patrick DEROANNE

Ended

DERO-INVEST

Manager · 0675.465.141

Ended

DERO-INVEST

Managing director · 0675.465.141

Represented by Patrick DEROANNE

Ended

Patrick DEROANNE

Manager

Ended

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	01/01/2025	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	28/08/2026	20/06/2025	01/08/2024	28/07/2023	01/07/2022	27/05/2021
General meeting	30/06/2026	13/06/2025	11/06/2024	22/06/2023	18/05/2022	27/04/2021
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	31/12/2025	30/06/2026	28/08/2026	French	PDF
Abridged model	31/12/2024	13/06/2025	20/06/2025	French	PDF
Abridged model	31/12/2023	11/06/2024	01/08/2024	French	PDF
Abridged model	31/12/2022	22/06/2023	28/07/2023	French	PDF
Abridged model	31/12/2021	18/05/2022	01/07/2022	French	PDF
Abridged model	31/12/2020	27/04/2021	27/05/2021	French	PDF
Full model	31/12/2019	26/06/2020	23/07/2020	French	PDF
Full model	31/12/2018	02/05/2019	07/08/2019	French	PDF
Micro model	31/12/2017	07/05/2018	26/06/2018	French	PDF
Micro model	31/12/2016	15/05/2017	15/06/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	20/07/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	10/08/2015	French	PDF
Abridged model	31/12/2013	05/05/2014	06/06/2014	French	PDF
Abridged model	31/12/2012	02/04/2013	14/05/2013	French	PDF
Abridged model	31/12/2011	02/04/2012	28/04/2012	French	PDF
Abridged model	31/12/2010	04/04/2011	06/05/2011	French	PDF
Abridged model	31/12/2009	17/05/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	07/07/2009	French	PDF
Abridged model	31/12/2007	28/04/2008	27/05/2008	French	PDF
Abridged model	31/12/2006	14/05/2007	12/06/2007	French	PDF

Estimate

Indicative valuation

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 · 4 ended

Active mandates

DERO-INVEST

Managing director · 0675.465.141

Represented by Patrick DEROANNE

Active

Ended mandates

DERO-INVEST

Administrator - manager · 0675.465.141

Represented by Patrick DEROANNE

Ended

DERO-INVEST

Manager · 0675.465.141

Ended

DERO-INVEST

Managing director · 0675.465.141

Represented by Patrick DEROANNE

Ended

Patrick DEROANNE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/12/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates08/01/2019
DEMISSIONS, NOMINATIONS
PDF
Other18/12/2017
OBJET
PDF
Mandates20/10/2015
DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other27/12/2011
DIVERS
PDF
Registered office06/06/2008
SIEGE SOCIAL
PDF
Registered office30/01/2004
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL - CAPITAL, ACTIONS
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 2025-126,4 k €↓
2024
Annual accounts 20246,8 k €↑
2023
Annual accounts 2023-46 k €↓
2023
Name changeL.T.D. FINITIONS
2022
Annual accounts 20224,3 k €↓
2021
Annual accounts 20216,3 k €↑
2020
Annual accounts 2020-34,5 k €↓
2019
Annual accounts 201959,6 k €↓
2018
Annual accounts 201868 k €↑
2017
Annual accounts 201743 k €↑
2016
Annual accounts 201622,7 k €↑
2015
Annual accounts 201514,8 k €↓
2015
Name changeLTD FINITIONS
2014
Annual accounts 201416,5 k €↑
2013
Annual accounts 20135 k €↓
2012
Annual accounts 201215,2 k €↓
2011
Annual accounts 201123,9 k €↑
2010
Annual accounts 20108 k €↑
2009
Annual accounts 2009896,5 €↓
2008
Annual accounts 20083,1 k €↓
2007
Annual accounts 20078,8 k €↓
2006
Annual accounts 200612,2 k €
2006
Name changeL.T.D.
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

LTD FINITIONS

Overview

What does LTD FINITIONS do?

Trend over 20 financial years

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