ACTIVE

LRM Lease

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Financial year 2025 · closed on 31/12/2025

Net result

-1,1 M €

-150.5% YoY

Revenue

4,9 M €

-22.2% YoY

Equity

4,9 M €

-17.7% YoY

What does LRM Lease do?

LRM Lease is a Public limited company incorporated in 2013. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0542.399.749

Incorporation

22/11/2013

Legal form

Public limited company

Registered office

Kempische steenweg 311 box 4.01
3500 Hasselt · FlandreSee on map

Contributed capital

7 646 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

Positive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Revenue	4,9 M €	-22.2%	6,3 M €	-0.3%	6,3 M €	+3.6%	6,1 M €	+3.4%	5,9 M €	+1.6%	5,8 M €	+0.6%	5,8 M €	+30.3%	4,4 M €	+50.5%	2,9 M €	+29.9%	2,3 M €	+365%	485,4 k €		–
EBITDA	4,9 M €	-41.6%	8,5 M €	+33.2%	6,4 M €	+3.8%	6,1 M €	+27.7%	4,8 M €	-12.2%	5,5 M €	+16.4%	4,7 M €	+11.8%	4,2 M €	+54.1%	2,7 M €	+22.6%	2,2 M €	+368%	474,5 k €	+1265%	-40,7 k €
Operating result	1,2 M €	-74.4%	4,7 M €	+89.8%	2,5 M €	-24.2%	3,3 M €	+5141%	-65,3 k €	-104%	1,6 M €	+105%	791,3 k €	-37.7%	1,3 M €	+107%	613,1 k €	-22.2%	788,3 k €	+9528%	-8,4 k €	+79.5%	-40,7 k €
Net result	-1,1 M €	-151%	2,1 M €	+816%	-291,4 k €	-114%	2 M €	+178%	-2,6 M €	-722%	-315 k €	+76.8%	-1,4 M €	-118%	-623,7 k €	+30.0%	-891,3 k €	-424%	274,9 k €	+2115%	12,4 k €	+164%	-19,5 k €
Balance sheet
Equity	4,9 M €	-17.7%	5,9 M €	+54.1%	3,9 M €	-7.0%	4,2 M €	+94.0%	2,1 M €	-54.7%	4,7 M €	-6.2%	5 M €	-21.2%	6,4 M €	-8.9%	7 M €	+18.7%	5,9 M €	+4.9%	5,6 M €	+89.4%	3 M €
Total assets	50,7 M €	-11.0%	57 M €	-6.3%	60,8 M €	-4.7%	63,8 M €	-4.6%	66,9 M €	-5.0%	70,4 M €	-3.3%	72,9 M €	-5.0%	76,7 M €	+31.8%	58,2 M €	+65.3%	35,2 M €	+57.0%	22,4 M €	+256%	6,3 M €
Cash	2,2 M €	-9.9%	2,5 M €	+95.0%	1,3 M €	-36.6%	2 M €	+293%	511,2 k €	-76.1%	2,1 M €	+208%	694,2 k €	-49.8%	1,4 M €	+88.2%	734,5 k €	+20.3%	610,6 k €	+238%	180,9 k €	+688%	22,9 k €
Debts	45,8 M €	-10.2%	51 M €	-9.4%	56,3 M €	-5.3%	59,5 M €	-7.3%	64,2 M €	-2.1%	65,5 M €	-3.1%	67,7 M €	-3.5%	70,1 M €	+37.7%	50,9 M €	+75.3%	29,1 M €	+73.3%	16,8 M €	+405%	3,3 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 28 ended

Active mandates

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

Director · since 01 septembre 2025 · until 11 mai 2029 · 0452.138.972

Represented by Tom Vanham

Active

LRM Beheer

Director · since 01 septembre 2025 · until 11 mai 2029 · 0440.550.442

Represented by Sarina Wolfs

Active

Gert Vandewaerde

Director · since 01 juillet 2025 · until 01 septembre 2025

Active

KOEN NULENS

Director · since 12 mai 2023 · until 01 juillet 2025

Active

LENY DE WINTER

Director · since 12 mai 2023 · until 11 mai 2029

Active

TOM VANHAM

Director · since 12 mai 2023 · until 01 septembre 2025

Active

Ended mandates

KOEN NULENS

Director · since 12 mai 2023 · until 11 mai 2029

Ended

TOM VANHAM

Director · since 12 mai 2023 · until 11 mai 2029

Ended

LENY DE WINTER

Director · since 14 février 2022 · until 12 mai 2023

Ended

KOEN NULENS

Director · since 01 janvier 2020 · until 12 mai 2023

Ended

At this address

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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	08/06/2026	03/06/2025	28/05/2024	06/06/2023	01/06/2022	02/06/2021
General meeting	08/05/2026	09/05/2025	10/05/2024	12/05/2023	13/05/2022	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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	09/05/2025	03/06/2025	Dutch	PDF
Full model	31/12/2023	10/05/2024	28/05/2024	Dutch	PDF
Full model	31/12/2022	12/05/2023	06/06/2023	Dutch	PDF
Full model	31/12/2021	13/05/2022	01/06/2022	Dutch	PDF
Full model	31/12/2020	14/05/2021	02/06/2021	Dutch	PDF
Full model	31/12/2019	08/05/2020	29/05/2020	Dutch	PDF
Full model	31/12/2018	10/05/2019	27/05/2019	Dutch	PDF
Full model	31/12/2017	11/05/2018	28/05/2018	Dutch	PDF
Full model	31/12/2016	12/05/2017	19/05/2017	Dutch	PDF
Full model	31/12/2015	13/05/2016	27/05/2016	Dutch	PDF
Full model	31/12/2014	08/05/2015	03/06/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 6 active · 28 ended

Active mandates

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

Director · since 01 septembre 2025 · until 11 mai 2029 · 0452.138.972

Represented by Tom Vanham

Active

LRM Beheer

Director · since 01 septembre 2025 · until 11 mai 2029 · 0440.550.442

Represented by Sarina Wolfs

Active

Gert Vandewaerde

Director · since 01 juillet 2025 · until 01 septembre 2025

Active

KOEN NULENS

Director · since 12 mai 2023 · until 01 juillet 2025

Active

LENY DE WINTER

Director · since 12 mai 2023 · until 11 mai 2029

Active

TOM VANHAM

Director · since 12 mai 2023 · until 01 septembre 2025

Active

Ended mandates

KOEN NULENS

Director · since 12 mai 2023 · until 11 mai 2029

Ended

TOM VANHAM

Director · since 12 mai 2023 · until 11 mai 2029

Ended

LENY DE WINTER

Director · since 14 février 2022 · until 12 mai 2023

Ended

KOEN NULENS

Director · since 01 janvier 2020 · until 12 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other30/08/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2021
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 2025-1,1 M €↓
01/09/2025
nominationLimburgse Reconversie Maatschappij — bestuurder
01/09/2025
nominationLRM Beheer — bestuurder
01/07/2025
nominationGert Vandewaerde — bestuurder
2024
Annual accounts 20242,1 M €↑
10/05/2024
reconductionEY Bedrijfsrevisoren — commissaris
2023
Annual accounts 2023-291,4 k €↓
12/05/2023
reconductionLeny De Winter — bestuurder
12/05/2023
reconductionKoen Nulens — bestuurder
12/05/2023
nominationTom Vanham — bestuurder
2022
Annual accounts 20222 M €↑
14/02/2022
nominationLeny De Winter — bestuurder
2021
Annual accounts 2021-2,6 M €↓
2020
Annual accounts 2020-315 k €↑
2019
Annual accounts 2019-1,4 M €↓
2018
Annual accounts 2018-623,7 k €↑
2017
Annual accounts 2017-891,3 k €↓
2016
Annual accounts 2016274,9 k €↑
2015
Annual accounts 201512,4 k €↑
2014
Annual accounts 2014-19,5 k €
22/11/2013
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

LRM Lease

Overview

What does LRM Lease do?

Trend over 12 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