ACTIVE

LSG

Financial year 2025 · closed on 31/12/2025
Net result
126,8 k €
+629.6% YoY
Gross margin
1,6 M €
+21.3% YoY
Equity
327,7 k €
-10.0% YoY
Workforce
18,3 ETP
+13.0% YoY

What does LSG do?

LSG is a Private limited company incorporated in 2015. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Geel. It employs on average 18,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0643.979.337
Incorporation
09/12/2015
Legal form
Private limited company
Registered office
Dr.-Van de Perrestraat 315
2440 Geel · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
18,3 ETP
Joint committees (1)
  • 336
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin1,6 M €1,3 M €1,2 M €1 M €541,9 k €423,5 k €232,5 k €618,5 k €124,4 k €56 k €
EBITDA448,5 k €269,1 k €294 k €321,4 k €208,5 k €215,3 k €118,3 k €121,1 k €122,9 k €54,5 k €
Operating result214,6 k €65,9 k €116,6 k €175,4 k €146,7 k €181,7 k €81,3 k €100,8 k €102,3 k €42,9 k €
Net result126,8 k €17,4 k €59,2 k €120,3 k €100,3 k €137,7 k €61,4 k €84,2 k €81,6 k €34,7 k €
Balance sheet
Equity327,7 k €363,9 k €421,6 k €378,7 k €363,4 k €263,1 k €125,5 k €64,1 k €54,9 k €33,3 k €
Total assets1,4 M €1,2 M €1,4 M €1,5 M €1,3 M €902,2 k €296,2 k €231,4 k €524,4 k €85,9 k €
Cash245,2 k €151,8 k €256,5 k €446,2 k €121,9 k €45,9 k €108,3 k €108,8 k €93,8 k €11 k €
Debts1,1 M €827,5 k €983,1 k €1,1 M €981,9 k €637,4 k €170,1 k €167 k €469,5 k €52,6 k €
Other
Workforce18,3 ETP16,2 ETP14,9 ETP11,7 ETP7,4 ETP5,5 ETP3,5 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 31/12/2025 · 2 active · 4 ended

Active mandates

Geukens Stef

Director · 0643.552.933

Represented by Stef GEUKENS

Active
JEF HAEVERANS

Director · 0460.890.451

Represented by Jef HAEVERANS

Active

Ended mandates

JEF HAEVERANS

Director · since 01 avril 2019 · 0460.890.451

Represented by Jef Haeverans

Ended
Geukens Stef

Manager · since 01 octobre 2015 · 0643.552.933

Represented by Stef Geukens

Ended
MB management

Manager · since 01 octobre 2015 · 0840.950.309

Represented by Joost Smets

Ended
MB management

Director · 0840.950.309

Represented by Joost SMETS

Ended
At this address

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0719.551.938
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date01/04/202626/06/202531/05/202416/06/202321/06/202215/11/2021
General meeting17/03/202621/05/202508/04/202415/06/202316/06/202217/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202517/03/202601/04/2026DutchPDF
Abridged model31/12/202421/05/202526/06/2025DutchPDF
Abridged model31/12/202308/04/202431/05/2024DutchPDF
Abridged model31/12/202215/06/202316/06/2023DutchPDF
Abridged model31/12/202116/06/202221/06/2022DutchPDF
Abridged model31/12/202017/06/202115/11/2021DutchPDF
Abridged model31/12/201918/06/202030/10/2020DutchPDF
Micro model31/12/201820/06/201928/06/2019DutchPDF
Abridged model31/12/201721/06/201825/07/2018DutchPDF
Abridged model31/12/201616/06/201727/07/2017DutchPDF
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 31/12/2025 · 2 active · 4 ended

Active mandates

Geukens Stef

Director · 0643.552.933

Represented by Stef GEUKENS

Active
JEF HAEVERANS

Director · 0460.890.451

Represented by Jef HAEVERANS

Active

Ended mandates

JEF HAEVERANS

Director · since 01 avril 2019 · 0460.890.451

Represented by Jef Haeverans

Ended
Geukens Stef

Manager · since 01 octobre 2015 · 0643.552.933

Represented by Stef Geukens

Ended
MB management

Manager · since 01 octobre 2015 · 0840.950.309

Represented by Joost Smets

Ended
MB management

Director · 0840.950.309

Represented by Joost SMETS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring21/10/2022
    DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring14/07/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates02/09/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/12/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025126,8 k €
  2. 2024
    Annual accounts 202417,4 k €
  3. 2023
    Annual accounts 202359,2 k €
  4. 2022
    Annual accounts 2022120,3 k €
  5. 2021
    Annual accounts 2021100,3 k €
  6. 2020
    Annual accounts 2020137,7 k €
  7. 2019
    Annual accounts 201961,4 k €
  8. 2018
    Annual accounts 201884,2 k €
  9. 2017
    Annual accounts 201781,6 k €
  10. 2016
    Annual accounts 201634,7 k €
  11. 09/12/2015
    IncorporationPrivate limited company