ACTIVE

LSB GROUP

Financial year 2025 · closed on 31/12/2025
Net result
518,6 k €
+8.0% YoY
Revenue
1,7 M €
+41.3% YoY
Equity
8,4 M €
+6.5% YoY

What does LSB GROUP do?

LSB GROUP is a Public limited company incorporated in 2016. Its main activity is: Activities of holding companies. Its registered office is in Maldegem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0657.759.572
Incorporation
28/06/2016
Legal form
Public limited company
Registered office
Bogaardestraat 228 box B
9990 Maldegem · FlandreSee on map
Contributed capital
5 500 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Revenue1,7 M €1,2 M €1,2 M €1,2 M €1,1 M €871,3 k €863,6 k €812,4 k €808,8 k €393,1 k €
EBITDA948,2 k €939,2 k €1,1 M €254,9 k €775,2 k €755,7 k €784,3 k €271,9 k €282,4 k €94,8 k €
Operating result355 k €345,9 k €520,1 k €-338,4 k €181,9 k €162,4 k €191 k €-321,4 k €282,4 k €94,8 k €
Net result518,6 k €480,2 k €799,6 k €207,2 k €200 k €403,5 k €457,3 k €-64,9 k €-6,3 k €-54,6 k €
Balance sheet
Equity8,4 M €7,9 M €7,4 M €6,6 M €6,4 M €6,2 M €5,8 M €5,4 M €5,4 M €5,4 M €
Total assets18,6 M €18 M €19,1 M €18 M €16,8 M €17,8 M €17,9 M €17,6 M €15,8 M €14,9 M €
Cash350,2 k €696 k €163,5 k €255,8 k €254,8 k €667,5 k €175,9 k €113,2 k €984,9 k €26,2 k €
Debts10,1 M €9,8 M €11 M €10,8 M €10,1 M €11,3 M €11,8 M €11,9 M €10,1 M €9,2 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 20 ended

Active mandates

Just Grow

Director · since 23 décembre 2025 · 1024.548.147

Represented by Dominik De Vreese

Active
STRATEQO

Chairman of the board of directors · since 23 décembre 2025 · 0892.600.730

Represented by Michiel Lannoye

Active
DE LECTO ET SEDE

Director · since 01 juillet 2025 · until 29 juin 2029 · 0798.537.850

Represented by Frank Verschuere

Active
Peter De Meyer

Director · since 31 décembre 2022 · until 29 juin 2028

Active
MAENHOUT KOEN

Managing director · since 02 juin 2022 · until 25 juin 2026 · 0862.377.807

Represented by Koen Maenhout

Active

Ended mandates

Tim Steffens

Managing director · since 03 juin 2024 · until 27 juin 2030

Ended
Frank VERSCHUERE

Director · since 31 décembre 2022 · until 29 juin 2028

Ended
Daniel Barth

Managing director · since 01 octobre 2022 · until 29 juin 2028

Ended
Ipsum mane

Managing director · since 02 juin 2022 · until 16 janvier 2025 · 0766.732.837

Represented by Tom DE BAENST

Ended
At this address

Other companies at this address

CompanyCBE no.
LS BEDDINGActive
0405.105.355
0778.293.851
LS REAL ESTATEActive
0775.792.439
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date29/06/202630/06/202527/06/202430/06/202304/07/202201/07/2021
General meeting25/06/202626/06/202527/06/202429/06/202325/06/202224/06/2021
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
Full model31/12/202525/06/202629/06/2026DutchPDF
Full model31/12/202426/06/202530/06/2025DutchPDF
Full model31/12/202327/06/202427/06/2024DutchPDF
Full model31/12/202229/06/202330/06/2023DutchPDF
Full model31/12/202125/06/202204/07/2022DutchPDF
Full model31/12/202024/06/202101/07/2021DutchPDF
Full model31/12/201925/06/202002/07/2020DutchPDF
Full model31/12/201827/06/201929/07/2019DutchPDF
Full model31/12/201728/06/201830/07/2018DutchPDF
Full model31/12/201629/06/201706/07/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 5 active · 20 ended

Active mandates

Just Grow

Director · since 23 décembre 2025 · 1024.548.147

Represented by Dominik De Vreese

Active
STRATEQO

Chairman of the board of directors · since 23 décembre 2025 · 0892.600.730

Represented by Michiel Lannoye

Active
DE LECTO ET SEDE

Director · since 01 juillet 2025 · until 29 juin 2029 · 0798.537.850

Represented by Frank Verschuere

Active
Peter De Meyer

Director · since 31 décembre 2022 · until 29 juin 2028

Active
MAENHOUT KOEN

Managing director · since 02 juin 2022 · until 25 juin 2026 · 0862.377.807

Represented by Koen Maenhout

Active

Ended mandates

Tim Steffens

Managing director · since 03 juin 2024 · until 27 juin 2030

Ended
Frank VERSCHUERE

Director · since 31 décembre 2022 · until 29 juin 2028

Ended
Daniel Barth

Managing director · since 01 octobre 2022 · until 29 juin 2028

Ended
Ipsum mane

Managing director · since 02 juin 2022 · until 16 janvier 2025 · 0766.732.837

Represented by Tom DE BAENST

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/06/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/08/2020
    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

Timeline

  1. 2025
    Annual accounts 2025518,6 k €
  2. 2024
    Annual accounts 2024480,2 k €
  3. 2023
    Annual accounts 2023799,6 k €
  4. 2022
    Annual accounts 2022207,2 k €
  5. 2021
    Annual accounts 2021200 k €
  6. 2020
    Annual accounts 2020403,5 k €
  7. 2019
    Annual accounts 2019457,3 k €
  8. 2018
    Annual accounts 2018-64,9 k €
  9. 2017
    Annual accounts 2017-6,3 k €
  10. 2016
    Annual accounts 2016-54,6 k €
  11. 28/06/2016
    IncorporationPublic limited company