ACTIVE

LINUM

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

+1552.6% YoY

Gross margin

1,4 M €

+1176.2% YoY

Equity

2,9 M €

+41.7% YoY

What does LINUM do?

LINUM is a Private limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Izegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.854.788

Incorporation

23/05/2001

Legal form

Private limited company

Registered office

Abelestraat 8
8870 Izegem · FlandreSee on map

Contributed capital

199 953,79 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

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	1,4 M €	+1176%	110,5 k €	+78.5%	61,9 k €	-26.6%	84,4 k €	+38.5%	60,9 k €	-8.9%	66,9 k €	-28.0%	93 k €	-23.0%	120,9 k €	+119%	55,2 k €	-27.9%	76,5 k €	-22.4%	98,6 k €	+40.6%	70,1 k €	+10.6%	63,4 k €	-11.6%	71,7 k €	+9.9%	65,2 k €	+27.2%	51,3 k €	-19.1%	63,4 k €	+2804%	-2,3 k €	-103%	74 k €	+74.2%	42,5 k €
EBITDA	1,4 M €	+1191%	109,1 k €	+79.3%	60,9 k €	-27.1%	83,4 k €	+38.9%	60,1 k €	-8.9%	65,9 k €	-28.3%	92 k €	-23.2%	119,9 k €	+121%	54,2 k €	-28.3%	75,6 k €	-22.2%	97,1 k €	+44.0%	67,4 k €	+14.9%	58,7 k €	-14.7%	68,8 k €	+19.5%	57,6 k €	+14.4%	50,3 k €	-19.4%	62,5 k €	+1956%	-3,4 k €	-105%	72,3 k €	+76.0%	41,1 k €
Operating result	1,4 M €	+1210%	107,4 k €	+79.0%	60 k €	-27.4%	82,7 k €	+39.4%	59,3 k €	-9.0%	65,2 k €	-28.6%	91,2 k €	-23.4%	119,1 k €	+125%	52,9 k €	-29.9%	75,5 k €	-22.0%	96,8 k €	+106%	47 k €	+22.6%	38,3 k €	-20.9%	48,4 k €	+30.9%	37 k €	-25.8%	49,9 k €	-19.5%	62 k €	+1605%	-4,1 k €	-106%	72,1 k €	+88.1%	38,3 k €
Net result	1,3 M €	+1553%	77,5 k €	-42.2%	134 k €	+126%	59,3 k €	-70.4%	200,5 k €	-26.7%	273,6 k €	+313%	66,3 k €	-75.1%	266 k €	-54.0%	578,2 k €	+1070%	49,4 k €	-27.7%	68,3 k €	+121%	31 k €	+20.1%	25,8 k €	-81.5%	139 k €	+1.2%	137,4 k €	-19.4%	170,4 k €	-28.8%	239,4 k €	-2.9%	246,5 k €	+441%	45,5 k €	+228%	13,9 k €
Balance sheet
Equity	2,9 M €	+41.7%	2,1 M €	+2.3%	2 M €	+1.7%	2 M €	+3.0%	1,9 M €	-1.3%	2 M €	-1.4%	2 M €	+3.4%	1,9 M €	+3.5%	1,9 M €	+45.1%	1,3 M €	+4.0%	1,2 M €	-3.6%	1,3 M €	+282%	334,9 k €	-75.7%	1,4 M €	+8.9%	1,3 M €	+12.2%	1,1 M €	+17.8%	959,3 k €	+33.3%	719,9 k €	+52.1%	473,4 k €	+91.0%	247,9 k €
Total assets	3,1 M €	+47.5%	2,1 M €	+0.9%	2,1 M €	+0.2%	2,1 M €	+0.6%	2,1 M €	-14.7%	2,4 M €	+11.3%	2,2 M €	+1.8%	2,1 M €	-0.0%	2,1 M €	+64.3%	1,3 M €	+3.1%	1,3 M €	-3.2%	1,3 M €	+0.5%	1,3 M €	-7.5%	1,4 M €	+1.2%	1,4 M €	+9.8%	1,3 M €	+1.4%	1,2 M €	+3.8%	1,2 M €	-6.6%	1,3 M €	-0.3%	1,3 M €
Cash	23,6 k €	-78.2%	108,3 k €	+33.4%	81,2 k €	+7.6%	75,4 k €	+83.1%	41,2 k €	-89.5%	394 k €	+157%	153,2 k €	+151%	61 k €	+627%	8,4 k €	-84.0%	52,4 k €	+124%	23,3 k €	-67.6%	72,1 k €	+57.7%	45,7 k €	-63.3%	124,7 k €	+985%	11,5 k €	-76.0%	47,9 k €	+77.3%	27 k €	+4948%	535,3 €	-99.4%	83,4 k €	+6.7%	78,2 k €
Debts	136,2 k €	+1270%	9,9 k €	-73.9%	38,1 k €	-43.1%	66,9 k €	-40.8%	113 k €	-74.3%	440,2 k €	+160%	169,5 k €	-13.8%	196,7 k €	-25.0%	262,2 k €	+2780%	9,1 k €	-54.9%	20,2 k €	+38.9%	14,5 k €	-98.5%	954,2 k €	+6707%	14 k €	-87.3%	110,2 k €	-11.5%	124,6 k €	-55.1%	277,7 k €	-41.1%	471,6 k €	-41.3%	803 k €	-22.2%	1 M €

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 31/12/2025 · 1 active · 2 ended

Active mandates

Lieven Hector Spillebeen

Director · since 18 mai 2001

Active

Ended mandates

Lieven Spillebeen

Director

Ended

Lieven Spillebeen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
GROEP SPILLEBEEN● Active	0802.532.666

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	08/07/2026	10/07/2025	01/07/2024	03/07/2023	27/06/2022	29/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	08/07/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	10/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	03/07/2023	Dutch	PDF
Micro model	31/12/2021	24/06/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	29/06/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	10/07/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	02/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/08/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	29/06/2007	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 31/12/2025 · 1 active · 2 ended

Active mandates

Lieven Hector Spillebeen

Director · since 18 mai 2001

Active

Ended mandates

Lieven Spillebeen

Director

Ended

Lieven Spillebeen

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other23/06/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL
PDF
Capital / shares27/09/2018
KAPITAAL - AANDELEN
PDF
Capital / shares28/02/2014
KAPITAAL - AANDELEN
PDF
Mandates26/02/2009
ONTSLAGEN - BENOEMINGEN
PDF
Other08/06/2007
DIVERSEN
PDF
Capital / shares04/05/2007
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other14/08/2003
DIVERSEN
PDF
Capital / shares22/05/2003
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR - 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 20251,3 M €↑
2024
Annual accounts 202477,5 k €↓
2023
Annual accounts 2023134 k €↑
2022
Annual accounts 202259,3 k €↓
2021
Annual accounts 2021200,5 k €↓
2020
Annual accounts 2020273,6 k €↑
2019
Annual accounts 201966,3 k €↓
2018
Annual accounts 2018266 k €↓
2017
Annual accounts 2017578,2 k €↑
2016
Annual accounts 201649,4 k €↓
2015
Annual accounts 201568,3 k €↑
2014
Annual accounts 201431 k €↑
2013
Annual accounts 201325,8 k €↓
2012
Annual accounts 2012139 k €↑
2011
Annual accounts 2011137,4 k €↓
2010
Annual accounts 2010170,4 k €↓
2009
Annual accounts 2009239,4 k €↓
2008
Annual accounts 2008246,5 k €↑
2007
Annual accounts 200745,5 k €↑
2006
Annual accounts 200613,9 k €
23/05/2001
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

LINUM

Overview

What does LINUM 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