ACTIVE

L2D

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Financial year 2025 · closed on 31/12/2025

Net result

4,5 M €

+1832.2% YoY

Revenue

60 k €

-42.9% YoY

Equity

41,6 M €

+12.0% YoY

Workforce

15,5 ETP

-0.6% YoY

What does L2D do?

L2D is a Public limited company incorporated in 2016. Its main activity is: Activities of holding companies. Its registered office is in Harelbeke. It employs on average 15,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0654.955.678

Incorporation

25/05/2016

Legal form

Public limited company

Registered office

Venetiëlaan 33
8530 Harelbeke · FlandreSee on map

Contributed capital

28 517 291,26 €

Latest accounts

31/12/2025

Average workforce

15,5 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 64999Other financial service activities, except insurance and pension funding n.e.c.64999Other financial service activities, except insurance and pension funding n.e.c.

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2018		2017
Income statement
Revenue	60 k €	-42.9%	105 k €	-1.9%	107,1 k €	-35.1%	165 k €	0.0%	165 k €	0.0%	165 k €	0.0%	165 k €	-86.5%	1,2 M €
EBITDA	-118,9 k €	+57.5%	-279,9 k €	+69.2%	-907,4 k €	-126%	3,5 M €	+17.3%	3 M €	+139%	1,3 M €	-16.4%	1,5 M €	+76.2%	856,8 k €
Operating result	-159,2 k €	+51.3%	-326,9 k €	+65.5%	-946,9 k €	-127%	3,5 M €	+17.1%	3 M €	+138%	1,3 M €	-16.4%	1,5 M €	+77.8%	849,4 k €
Net result	4,5 M €	+1832%	-257,7 k €	-398%	86,6 k €	-98.3%	5 M €	+233%	1,5 M €	+422%	-468,8 k €	-111%	4,4 M €	+421%	-1,4 M €
Balance sheet
Equity	41,6 M €	+12.0%	37,1 M €	-0.7%	37,4 M €	+0.2%	37,3 M €	+15.6%	32,3 M €	+4.9%	30,8 M €	-2.6%	31,6 M €	+16.4%	27,1 M €
Total assets	63,5 M €	+4.2%	60,9 M €	-0.4%	61,2 M €	-8.8%	67,1 M €	+9.8%	61,1 M €	-0.6%	61,4 M €	+19.6%	51,3 M €	-0.4%	51,6 M €
Cash	65,4 k €	+84.3%	35,5 k €	-90.4%	371 k €	+16.3%	319 k €	+1334%	22,3 k €	+21.2%	18,4 k €	+244%	5,3 k €	-85.0%	35,7 k €
Debts	21,9 M €	-7.9%	23,7 M €	+0.2%	23,7 M €	-19.4%	29,4 M €	+3.3%	28,5 M €	-2.6%	29,2 M €	+53.4%	19 M €	-19.7%	23,7 M €
Other
Workforce	15,5 ETP	-0.6%	15,6 ETP	-3.1%	16,1 ETP	-1.8%	16,4 ETP	+7.2%	15,3 ETP	+96.2%	7,8 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 18 ended

Active mandates

Whiteout Ventures

Director · since 01 juillet 2025 · until 19 mai 2028 · 0785.836.788

Represented by Michael Finelli

Active

Blommaert Luc

Managing director · since 16 mai 2025 · until 19 mai 2028

Active

Edward Colle

Chairman of the board of directors · since 18 avril 2024 · until 19 mai 2028

Active

ZENDICS

Director · since 01 décembre 2022 · until 01 décembre 2028 · 0894.851.724

Represented by Willem De Vos

Active

AENEAS MANAGEMENT CONSULTANTS

Director · since 30 septembre 2022 · until 16 mai 2025

Represented by Luc Blommaert

Active

CROP CONSTRUCTIE MEULEBEKE

Director · since 20 mai 2022 · until 06 juin 2025 · 0428.369.024

Represented by Mireille Lanneau

Active

JLMV

Managing director · since 20 mai 2022 · until 06 juin 2025 · 0822.569.007

Represented by Joseph Lano

Active

De Boe Lode

Director · since 03 juillet 2020 · until 06 juin 2025 · 0837.784.050

Represented by Lode De Boe

Active

Ended mandates

AENEAS MANAGEMENT CONSULTANTS

Director · since 30 septembre 2022 · until 30 septembre 2028

Represented by Luc Blommaert

Ended

Dirk Dees

Director · since 30 septembre 2022 · until 01 décembre 2022

Ended

Stefaan Colle

Chairman of the board of directors · since 30 septembre 2022 · until 18 avril 2024

Ended

Stefaan Colle

Chairman of the board of directors · since 30 septembre 2022 · until 30 septembre 2028

Ended

At this address

Other companies at this address

Company	CBE no.
IMDECO● Active	0405.403.283
Lano● Active	0405.425.356
LANO SPORTS● Active	0434.839.815
LANO UNIT● Active	0542.499.719

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	21/05/2026	13/06/2025	29/05/2024	15/06/2023	03/06/2022	27/04/2022
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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	15/05/2026	21/05/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	13/06/2025	Dutch	PDF
Full model	31/12/2023	17/05/2024	29/05/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	15/06/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	03/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	20/05/2022	03/06/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	15/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	21/05/2021	27/04/2022	Dutch	PDF
Full model	31/12/2019	15/05/2020	05/06/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	06/06/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	31/05/2018	Dutch	PDF
Consolidated accounts	31/12/2017	18/05/2018	01/06/2018	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 8 active · 18 ended

Active mandates

Whiteout Ventures

Director · since 01 juillet 2025 · until 19 mai 2028 · 0785.836.788

Represented by Michael Finelli

Active

Blommaert Luc

Managing director · since 16 mai 2025 · until 19 mai 2028

Active

Edward Colle

Chairman of the board of directors · since 18 avril 2024 · until 19 mai 2028

Active

ZENDICS

Director · since 01 décembre 2022 · until 01 décembre 2028 · 0894.851.724

Represented by Willem De Vos

Active

AENEAS MANAGEMENT CONSULTANTS

Director · since 30 septembre 2022 · until 16 mai 2025

Represented by Luc Blommaert

Active

CROP CONSTRUCTIE MEULEBEKE

Director · since 20 mai 2022 · until 06 juin 2025 · 0428.369.024

Represented by Mireille Lanneau

Active

JLMV

Managing director · since 20 mai 2022 · until 06 juin 2025 · 0822.569.007

Represented by Joseph Lano

Active

De Boe Lode

Director · since 03 juillet 2020 · until 06 juin 2025 · 0837.784.050

Represented by Lode De Boe

Active

Ended mandates

AENEAS MANAGEMENT CONSULTANTS

Director · since 30 septembre 2022 · until 30 septembre 2028

Represented by Luc Blommaert

Ended

Dirk Dees

Director · since 30 septembre 2022 · until 01 décembre 2022

Ended

Stefaan Colle

Chairman of the board of directors · since 30 septembre 2022 · until 18 avril 2024

Ended

Stefaan Colle

Chairman of the board of directors · since 30 septembre 2022 · until 30 septembre 2028

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/07/2026
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - DIVERSEN
PDF
Mandates15/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2025
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/07/2022
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

13/03/2026
nominationASCENDIMUS CommV — bestuurder
12/03/2026
nominationBELGOTEX INTERNATIONAL NV — bestuurder
2025
Annual accounts 20254,5 M €↑
01/07/2025
nominationWhiteout Ventures BV — bestuurder
01/07/2025
nominationLuc BLOMMAERT — gedelegeerd bestuurder
16/05/2025
nominationLuc BLOMMAERT — bestuurder
12/03/2025
nominationBELGOTEX INTERNATIONAL NV — gedelegeerd bestuurder
2024
Annual accounts 2024-257,7 k €↓
17/05/2024
reconductionDeketele Brecht — Commissaris
18/04/2024
nominationCOLLE Edward — bestuurder
2023
Annual accounts 202386,6 k €↓
2022
Annual accounts 20225 M €↑
01/12/2022
nominationZENDICS BV — bestuurder
30/09/2022
nominationStefaan Colle — voorzitter van het bestuursorgaan
30/09/2022
nominationAeneas Management Consultants — FZCO — bestuurder
30/09/2022
nominationDirk Dees — bestuurder
30/09/2022
reconductionJLMV BV — bestuurder
30/09/2022
reconductionC.C.M. NV — bestuurder
20/05/2022
nominationCCM — bestuurder
20/05/2022
nominationSTECRI — bestuurder
20/05/2022
nominationHES3M — bestuurder
20/05/2022
nominationQDC-GOVERNANCE — bestuurder
20/05/2022
nominationJLMV — bestuurder
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020-468,8 k €↓
2018
Annual accounts 20184,4 M €↑
2017
Annual accounts 2017-1,4 M €
25/05/2016
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

L2D

Overview

What does L2D do?

Trend over 8 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