ACTIVE

LGTech

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Financial year 2025 · closed on 31/12/2025

Net result

-57,6 k €

-4540.4% YoY

Gross margin

1,2 M €

+10.0% YoY

Equity

-523,2 k €

-12.4% YoY

Workforce

17,6 ETP

+7.3% YoY

What does LGTech do?

LGTech is a Private limited company incorporated in 2017. Its main activity is: Computer programming activities. Its registered office is in Liège. It employs on average 17,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0680.423.623

Incorporation

24/08/2017

Legal form

Private limited company

Registered office

Mont Saint-Martin 73
4000 Liège · WallonieSee on map

Contributed capital

200 000,00 €

Latest accounts

31/12/2025

Average workforce

17,6 ETP

Activities (NACE)

62010Computer programming activities· main 62020Computer consultancy activities 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 46311Wholesale of fruit and vegetables 46311Wholesale of fruit and vegetables+7

Joint committees (1)

Signals

Positive cashflowPositive EBITDAHealthy 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		2019		2018
Income statement
Gross margin	1,2 M €	+10.0%	1,1 M €	+4.9%	1 M €	+19.7%	875,9 k €	+35.5%	646,4 k €	+72.1%	375,6 k €	+20.7%	311,1 k €	+21.8%	255,5 k €
EBITDA	64,1 k €	-48.3%	123,8 k €	-3.0%	127,7 k €	-3.1%	131,8 k €	+333%	-56,5 k €	+67.3%	-172,5 k €	-12.5%	-153,3 k €	+5.1%	-161,5 k €
Operating result	-37,4 k €	-211%	33,7 k €	-2.7%	34,6 k €	-49.8%	68,9 k €	+162%	-110,7 k €	+49.2%	-217,7 k €	-15.1%	-189,1 k €	-7.5%	-176 k €
Net result	-57,6 k €	-4540%	-1,2 k €	-110%	11,9 k €	-58.7%	28,8 k €	+125%	-115,3 k €	+47.6%	-220,2 k €	-13.9%	-193,3 k €	-9.7%	-176,2 k €
Balance sheet
Equity	-523,2 k €	-12.4%	-465,6 k €	-0.3%	-464,3 k €	+2.5%	-476,3 k €	+5.7%	-505,1 k €	-29.6%	-389,7 k €	-130%	-169,5 k €	-813%	23,8 k €
Total assets	885,1 k €	-13.8%	1 M €	+1.0%	1 M €	+5.7%	962,3 k €	+33.4%	721,2 k €	+61.6%	446,2 k €	-6.7%	478,1 k €	-9.6%	528,6 k €
Cash	10,9 k €	-17.0%	13,1 k €	-90.8%	141,6 k €	+69.9%	83,4 k €	+329%	19,5 k €	-56.8%	45 k €	+116%	20,8 k €	-22.3%	26,8 k €
Debts	1,4 M €	-6.1%	1,5 M €	+0.1%	1,5 M €	+3.0%	1,4 M €	+16.8%	1,2 M €	+46.7%	836 k €	+35.4%	617,4 k €	+22.5%	503,9 k €
Other
Workforce	17,6 ETP	+7.3%	16,4 ETP	+10.1%	14,9 ETP	+16.4%	12,8 ETP	-4.5%	13,4 ETP	+8.1%	12,4 ETP	+18.1%	10,5 ETP	+26.5%	8,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Laurent Grutman

Director · since 24 août 2017

Active

Ended mandates

Laurent Grutman

Manager · since 24 août 2017

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	06/07/2026	11/07/2025	08/07/2024	26/07/2023	29/06/2022	09/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	08/06/2022	20/05/2021
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	06/07/2026	French	PDF
Abridged model	31/12/2024	19/06/2025	11/07/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	08/07/2024	French	PDF
Abridged model	31/12/2022	15/06/2023	26/07/2023	French	PDF
Abridged model	31/12/2021	08/06/2022	29/06/2022	French	PDF
Abridged model	31/12/2020	20/05/2021	09/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	27/08/2020	French	PDF
Abridged model	31/12/2018	16/05/2019	27/06/2019	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 active · 1 ended

Active mandates

Laurent Grutman

Director · since 24 août 2017

Active

Ended mandates

Laurent Grutman

Manager · since 24 août 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/01/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates14/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates18/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates06/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates26/10/2017
DEMISSIONS, NOMINATIONS
PDF
Other28/08/2017
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-57,6 k €↓
2024
Annual accounts 2024-1,2 k €↓
2023
Annual accounts 202311,9 k €↓
2022
Annual accounts 202228,8 k €↑
2021
Annual accounts 2021-115,3 k €↑
2020
Annual accounts 2020-220,2 k €↓
2019
Annual accounts 2019-193,3 k €↓
2018
Annual accounts 2018-176,2 k €
24/08/2017
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

LGTech

Overview

What does LGTech 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