ACTIVE

LUKAB

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Financial year 2025 · closed on 30/11/2025

Net result

-55,5 k €

-123.5% YoY

Gross margin

253,8 k €

-53.3% YoY

Equity

2,9 M €

-1.9% YoY

What does LUKAB do?

LUKAB is a Public limited company incorporated in 1999. Its registered office is in Zuienkerke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.967.304

Incorporation

29/09/1999

Legal form

Public limited company

Registered office

Weimanstraat 37
8377 Zuienkerke · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/11/2025

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	253,8 k €	-53.3%	543,7 k €	+10.2%	493,4 k €	-3.5%	511,2 k €	+4.5%	489,2 k €	+15.2%	424,7 k €	-22.5%	547,6 k €	+14.7%	477,6 k €	-6.8%	512,7 k €	+52.4%	336,4 k €	-70.0%	1,1 M €	-2.7%	1,2 M €	-46.6%	2,2 M €	+100%	1,1 M €	+51.5%	712,6 k €	-25.8%	960 k €	+0.8%	952,6 k €	-7.3%	1 M €
EBITDA	221,3 k €	-55.5%	497,7 k €	+4.4%	476,9 k €	-4.6%	499,7 k €	+2.3%	488,6 k €	+21.4%	402,4 k €	-26.4%	547 k €	+14.8%	476,5 k €	-2.9%	490,6 k €	+46.8%	334,2 k €	-62.2%	883,2 k €	+41.1%	626,1 k €	-51.2%	1,3 M €	+120%	582,9 k €	+114%	272,3 k €	-46.5%	509 k €	+0.6%	505,7 k €	+5.9%	477,8 k €
Operating result	54,9 k €	-84.8%	361,7 k €	+6.7%	339 k €	-6.3%	361,9 k €	+6.8%	338,9 k €	+37.4%	246,6 k €	-37.0%	391,2 k €	+21.6%	321,6 k €	-6.3%	343,1 k €	+82.4%	188,1 k €	-75.3%	760,9 k €	+80.0%	422,8 k €	-52.5%	889,2 k €	+133%	381,6 k €	+787%	43 k €	-88.4%	369,8 k €	+24.2%	297,7 k €	-24.6%	394,8 k €
Net result	-55,5 k €	-123%	236,3 k €	+20.4%	196,2 k €	-14.8%	230,2 k €	+9.0%	211,3 k €	+70.0%	124,2 k €	-36.3%	194,9 k €	+77.7%	109,7 k €	-27.2%	150,6 k €	+249%	43,2 k €	+195%	14,6 k €	-85.8%	103,3 k €	-78.3%	475,9 k €	+92.1%	247,7 k €	+568%	37,1 k €	-86.2%	269,1 k €	+7.6%	250,1 k €	-14.7%	293 k €
Balance sheet
Equity	2,9 M €	-1.9%	2,9 M €	+8.8%	2,7 M €	+7.9%	2,5 M €	+10.2%	2,3 M €	+10.3%	2,1 M €	+6.4%	1,9 M €	+11.2%	1,7 M €	+6.7%	1,6 M €	+21.2%	1,3 M €	+3.3%	1,3 M €	+1.1%	1,3 M €	+8.7%	1,2 M €	+12.2%	1,1 M €	-40.0%	1,8 M €	+2.2%	1,7 M €	+18.6%	1,4 M €	+20.8%	1,2 M €
Total assets	6,5 M €	+17.5%	5,5 M €	+5.2%	5,2 M €	+3.2%	5,1 M €	+3.8%	4,9 M €	+4.0%	4,7 M €	-2.9%	4,8 M €	-4.9%	5,1 M €	+1.4%	5 M €	+0.0%	5 M €	+30.2%	3,8 M €	-16.0%	4,6 M €	+4.3%	4,4 M €	-5.7%	4,6 M €	-4.7%	4,9 M €	+108%	2,3 M €	+9.4%	2,1 M €	+12.3%	1,9 M €
Cash	2,6 M €	-23.1%	3,4 M €	+13.9%	2,9 M €	+137%	1,2 M €	+101%	617,6 k €	-29.3%	873,3 k €	-45.0%	1,6 M €	-3.2%	1,6 M €	-17.9%	2 M €	+203%	658,6 k €	-27.4%	907,3 k €	+38.4%	655,4 k €	+264%	180,1 k €	+18.1%	152,5 k €	-48.3%	295,1 k €	+75.9%	167,8 k €	-24.0%	220,9 k €	-75.6%	906,4 k €
Debts	3,4 M €	+43.6%	2,4 M €	+0.8%	2,4 M €	-0.8%	2,4 M €	-1.7%	2,4 M €	-1.1%	2,4 M €	-10.2%	2,7 M €	-12.7%	3,1 M €	-2.5%	3,2 M €	-8.2%	3,5 M €	+47.2%	2,4 M €	-20.6%	3 M €	+2.1%	2,9 M €	-13.4%	3,4 M €	+15.1%	2,9 M €	+546%	454 k €	-17.7%	551,8 k €	-4.4%	577,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		10,4 ETP	-27.3%	14,3 ETP	-9.5%	15,8 ETP	+8.2%	14,6 ETP	-8.2%	15,9 ETP	+1.9%	15,6 ETP	-1.9%	15,9 ETP	0.0%	15,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 2 active · 18 ended

Active mandates

Karin Beuselinck

Director · since 14 mai 2021 · until 13 mai 2027

Active

Lugy Vervaele

Managing director · since 14 mai 2021 · until 13 mai 2027

Active

Ended mandates

Lugy Vervaele

Managing director · since 11 mai 2017 · until 11 mai 2023

Ended

Lugy Vervaele

Managing director · since 11 mai 2017 · until 14 mai 2023

Ended

LUKA

Director · since 11 mai 2017 · until 14 mai 2021 · 0441.166.094

Represented by Lugy Vervaele

Ended

LUKA

Director · since 11 mai 2017 · until 11 mai 2023 · 0441.166.094

Represented by Lugy Vervaele

Ended

At this address

Other companies at this address

Company	CBE no.
De Vrede● Active	0426.787.825
LUKA● Active	0441.166.094
Lukab Invest● Active	0506.639.611

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	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/07/2026	26/06/2025	21/06/2024	30/06/2023	19/07/2022	25/06/2021
General meeting	15/05/2026	08/05/2025	10/05/2024	11/05/2023	12/05/2022	14/05/2021
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
Abridged model	30/11/2025	15/05/2026	20/07/2026	Dutch	PDF
Abridged model	30/11/2024	08/05/2025	26/06/2025	Dutch	PDF
Abridged model	30/11/2023	10/05/2024	21/06/2024	Dutch	PDF
Abridged model	30/11/2022	11/05/2023	30/06/2023	Dutch	PDF
Abridged model	30/11/2021	12/05/2022	19/07/2022	Dutch	PDF
Abridged model	30/11/2020	14/05/2021	25/06/2021	Dutch	PDF
Abridged model	30/11/2019	14/05/2020	24/07/2020	Dutch	PDF
Abridged model	30/11/2018	09/05/2019	15/05/2019	Dutch	PDF
Abridged model	30/11/2017	10/05/2018	18/05/2018	Dutch	PDF
Abridged model	30/11/2016	11/05/2017	31/05/2017	Dutch	PDF
Abridged model	30/11/2015	12/05/2016	27/05/2016	Dutch	PDF
Abridged model	30/11/2014	15/05/2015	28/05/2015	Dutch	PDF
Abridged model	30/11/2013	08/05/2014	17/06/2014	Dutch	PDF
Abridged model	30/11/2012	10/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/01/2011	09/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/01/2010	10/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/01/2009	11/06/2009	05/08/2009	Dutch	PDF
Abridged model	31/01/2008	20/06/2008	11/08/2008	Dutch	PDF
Abridged model	31/01/2007	14/06/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/11/2025 · 2 active · 18 ended

Active mandates

Karin Beuselinck

Director · since 14 mai 2021 · until 13 mai 2027

Active

Lugy Vervaele

Managing director · since 14 mai 2021 · until 13 mai 2027

Active

Ended mandates

Lugy Vervaele

Managing director · since 11 mai 2017 · until 11 mai 2023

Ended

Lugy Vervaele

Managing director · since 11 mai 2017 · until 14 mai 2023

Ended

LUKA

Director · since 11 mai 2017 · until 14 mai 2021 · 0441.166.094

Represented by Lugy Vervaele

Ended

LUKA

Director · since 11 mai 2017 · until 11 mai 2023 · 0441.166.094

Represented by Lugy Vervaele

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other15/02/2012
ALGEMENE VERGADERING
PDF
Mandates13/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2007
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

2025
Annual accounts 2025-55,5 k €↓
2024
Annual accounts 2024236,3 k €↑
2023
Annual accounts 2023196,2 k €↓
2022
Annual accounts 2022230,2 k €↑
2021
Annual accounts 2021211,3 k €↑
2020
Annual accounts 2020124,2 k €↓
2019
Annual accounts 2019194,9 k €↑
2018
Annual accounts 2018109,7 k €↓
2017
Annual accounts 2017150,6 k €↑
2015
Annual accounts 201543,2 k €↑
2014
Annual accounts 201414,6 k €↓
2013
Annual accounts 2013103,3 k €↓
2012
Annual accounts 2012475,9 k €↑
2011
Annual accounts 2011247,7 k €↑
2010
Annual accounts 201037,1 k €↓
2009
Annual accounts 2009269,1 k €↑
2008
Annual accounts 2008250,1 k €↓
2007
Annual accounts 2007293 k €
29/09/1999
IncorporationPublic 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

LUKAB

Overview

What does LUKAB do?

Trend over 18 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