ACTIVE

Laminated Timber Solutions

Financial year 2025 · closed on 31/12/2025
Net result
-2,4 M €
+56.9% YoY
Revenue
13,1 M €
-33.2% YoY
Equity
-6 M €
-67.3% YoY
Workforce
17,9 ETP
-2.2% YoY

What does Laminated Timber Solutions do?

Laminated Timber Solutions is a Public limited company incorporated in 1998. Its registered office is in Auderghem. It employs on average 17,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0463.229.834
Incorporation
05/05/1998
Legal form
Public limited company
Registered office
Av. Edmond Van Nieuwenhuyse 30
1160 Auderghem · BruxellesSee on map
Contributed capital
663 000,00 €
Latest accounts
31/12/2025
Average workforce
17,9 ETP
Joint committees (4)
  • 124
  • 126
  • 200
  • 218
Signals
Healthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201220112010200920082007
Income statement
Revenue13,1 M €19,7 M €23,4 M €14 M €9,7 M €9,2 M €7,4 M €9,2 M €7,7 M €6,3 M €6,7 M €4,2 M €11,8 M €7,5 M €10,3 M €7,6 M €10,4 M €8,7 M €
EBITDA-3,5 M €-3,6 M €171,3 k €1,4 M €19,5 k €431 k €533,7 k €200,7 k €84,2 k €-268,4 k €-356,9 k €-589 k €2 M €-512,3 k €421,4 k €999,9 k €1,4 M €841,5 k €
Operating result-2,2 M €-5,4 M €136,2 k €859,4 k €986,1 €419,1 k €539,8 k €150,7 k €76,6 k €-216,9 k €-363,2 k €-594,7 k €1,6 M €-1,1 M €-280,5 k €618,6 k €977,7 k €461,3 k €
Net result-2,4 M €-5,6 M €39,4 k €825,3 k €-33,4 k €402,6 k €517,7 k €135,5 k €57,5 k €-225,7 k €-380 k €-631,9 k €1,5 M €-1,2 M €-415,9 k €450,2 k €704,1 k €348,6 k €
Balance sheet
Equity-6 M €-3,6 M €2 M €2 M €1,1 M €1,2 M €773,1 k €255,4 k €119,9 k €-325,6 k €-224,9 k €-344,9 k €1,6 M €164,8 k €1,3 M €1,7 M €1,4 M €982 k €
Total assets753,6 k €7 M €4,5 M €6,1 M €4,4 M €3,4 M €2,1 M €2,4 M €2,3 M €1,9 M €2,7 M €1,7 M €4,4 M €5,3 M €5,3 M €5 M €5,3 M €4,6 M €
Cash126,7 €444,7 €76,6 €46,5 €509,3 €445,1 €413,4 €348 €409,9 €706,2 k €206,9 k €147 k €388,4 k €148,1 k €82,4 k €81,8 k €69,2 k €
Debts6,2 M €8,2 M €2 M €3,7 M €3,2 M €2,2 M €1,3 M €2,1 M €2,2 M €2,1 M €2,9 M €2 M €2,8 M €5,1 M €3,9 M €3,2 M €3,8 M €3,5 M €
Other
Workforce17,9 ETP18,3 ETP19,7 ETP16,3 ETP15,1 ETP14,1 ETP15,3 ETP15,1 ETP13,5 ETP12,8 ETP12,7 ETP11,9 ETP41,1 ETP44,0 ETP42,3 ETP41,6 ETP44,6 ETP46,1 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 31 ended

Active mandates

TROREMA

Director · since 19 août 2022 · until 19 août 2028 · 0899.683.413

Represented by Raymund Trost

Active
Lamcy

Mandate · 1030.192.458

Active

Ended mandates

Bruno Lambrecht

Director · since 31 octobre 2024 · until 29 mai 2028

Ended
CARDUUS CONSULTING

Director · since 06 octobre 2023 · until 18 juin 2024 · 0849.458.791

Represented by Laurent Eeraerts

Ended
CARDUUS CONSULTING

Director · since 06 octobre 2023 · until 31 octobre 2024 · 0849.458.791

Represented by Laurent Eeraerts

Ended
REMARCO

Director · since 19 août 2022 · until 19 août 2028 · 0777.447.575

Represented by Jörgen Bornauw

Ended
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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 date09/07/202617/06/202502/07/202429/08/202322/08/202203/06/2021
General meeting26/05/202627/05/202518/06/202428/08/202319/08/202225/05/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/05/202609/07/2026DutchPDF
Full model31/12/202427/05/202517/06/2025DutchPDF
Full model31/12/202318/06/202402/07/2024DutchPDF
Full model31/12/202228/08/202329/08/2023DutchPDF
Full model31/12/202119/08/202222/08/2022DutchPDF
Full model31/12/202025/05/202103/06/2021DutchPDF
Full model31/12/201918/06/202029/06/2020DutchPDF
Full model31/12/201828/06/201904/07/2019DutchPDF
Full model31/12/201729/05/201804/06/2018DutchPDF
Full model31/12/201630/05/201715/06/2017DutchPDF
Full model31/12/201531/05/201606/07/2016DutchPDF
Full model31/12/201426/05/201515/07/2015DutchPDF
Full model31/12/201327/05/201427/06/2014DutchPDF
Full model31/12/201228/05/201328/06/2013DutchPDF
Full model31/12/201129/05/201229/06/2012DutchPDF
Full model31/12/201031/05/201108/06/2011DutchPDF
Full model30/09/200905/03/201001/04/2010DutchPDF
Full model30/09/200806/03/200923/03/2009DutchPDF
Full model30/09/200707/03/200817/03/2008DutchPDF
Full model30/09/200602/03/200708/03/2007DutchPDF
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 · 2 active · 31 ended

Active mandates

TROREMA

Director · since 19 août 2022 · until 19 août 2028 · 0899.683.413

Represented by Raymund Trost

Active
Lamcy

Mandate · 1030.192.458

Active

Ended mandates

Bruno Lambrecht

Director · since 31 octobre 2024 · until 29 mai 2028

Ended
CARDUUS CONSULTING

Director · since 06 octobre 2023 · until 18 juin 2024 · 0849.458.791

Represented by Laurent Eeraerts

Ended
CARDUUS CONSULTING

Director · since 06 octobre 2023 · until 31 octobre 2024 · 0849.458.791

Represented by Laurent Eeraerts

Ended
REMARCO

Director · since 19 août 2022 · until 19 août 2028 · 0777.447.575

Represented by Jörgen Bornauw

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other06/07/2026
    PDF
  • Mandates28/01/2026
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other22/09/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF
  • Mandates03/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other09/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Mandates19/09/2022
    ONTSLAGEN - BENOEMINGEN
    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 2025-2,4 M €
  2. 2025
    Name changeLaminated Timber Solutions
  3. 2024
    Annual accounts 2024-5,6 M €
  4. 2023
    Annual accounts 202339,4 k €
  5. 2022
    Annual accounts 2022825,3 k €
  6. 2021
    Annual accounts 2021-33,4 k €
  7. 2020
    Annual accounts 2020402,6 k €
  8. 2019
    Annual accounts 2019517,7 k €
  9. 2018
    Annual accounts 2018135,5 k €
  10. 2017
    Annual accounts 201757,5 k €
  11. 2016
    Annual accounts 2016-225,7 k €
  12. 2015
    Annual accounts 2015-380 k €
  13. 2014
    Annual accounts 2014-631,9 k €
  14. 2012
    Annual accounts 20121,5 M €
  15. 2011
    Annual accounts 2011-1,2 M €
  16. 2010
    Annual accounts 2010-415,9 k €
  17. 2009
    Annual accounts 2009450,2 k €
  18. 2008
    Annual accounts 2008704,1 k €
  19. 2007
    Annual accounts 2007348,6 k €
  20. 2007
    Name changeKORLAM
  21. 05/05/1998
    IncorporationPublic limited company