ACTIVE

LETHAN

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Financial year 2025 · closed on 31/12/2025
Net result
33,5 k €
-66.8% YoY
Gross margin
54,5 k €
-82.2% YoY
Equity
777,7 k €
+4.5% YoY

What does LETHAN do?

LETHAN is a Private limited company incorporated in 2018. Its main activity is: Buying and selling of own real estate. Its registered office is in Torhout.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0694.929.972
Incorporation
20/04/2018
Legal form
Private limited company
Registered office
Ruddervoordestraat 170
8820 Torhout · FlandreSee on map
Contributed capital
150 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
68100Buying and selling of own real estate· main68110Buying and selling of own real estate68201Rental and operating of own or leased real estate68201Rental and operating of own or leased real estate
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212019
Income statement
Gross margin54,5 k €306,9 k €196,5 k €582,9 k €113,9 k €18 k €
EBITDA53,7 k €306,1 k €195,7 k €569,8 k €109,2 k €15,7 k €
Operating result46,8 k €181,5 k €195,7 k €569,8 k €109,2 k €13 k €
Net result33,5 k €101 k €67,6 k €369,2 k €41,2 k €2,8 k €
Balance sheet
Equity777,7 k €744,2 k €643,2 k €575,6 k €206,4 k €152,8 k €
Total assets2,5 M €2,4 M €2,3 M €4,5 M €4,7 M €3 M €
Cash136,8 k €119,8 k €2,4 k €714 k €60,8 k €28,1 k €
Debts1,7 M €1,7 M €1,6 M €4 M €4,5 M €2,8 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 · 2 active · 4 ended

Active mandates

BLAUWHUIS

Director · 0477.091.332

Represented by Peter Decoster

Active
GEERTRUI

Director · 0477.091.134

Represented by Geertrui Decoster

Active

Ended mandates

BLAUWHUIS

Director · 0477.091.332

Represented by Peter Decoster

Ended
GEERTRUI

Director · 0477.091.134

Represented by Geertrui Decoster

Ended
GEERTRUI

Director · 0477.091.134

Represented by Geertrui Decoster

Ended
GEERTRUI

Director · 0477.091.134

Represented by Geertrui Decoster

Ended
At this address

Other companies at this address

CompanyCBE no.
DECOSTER AGRO● Active
0406.184.728
De Reiger● Active
0773.368.132
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 date24/07/202622/08/202522/08/202425/07/202331/08/202230/08/2021
General meeting09/06/202610/06/202511/06/202413/06/202314/06/202208/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202624/07/2026DutchPDF
Abridged model31/12/202410/06/202522/08/2025DutchPDF
Abridged model31/12/202311/06/202422/08/2024DutchPDF
Abridged model31/12/202213/06/202325/07/2023DutchPDF
Abridged model31/12/202114/06/202231/08/2022DutchPDF
Abridged model31/12/202008/06/202130/08/2021DutchPDF
Abridged model31/12/201930/09/202029/10/2020DutchPDF
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 · 2 active · 4 ended

Active mandates

BLAUWHUIS

Director · 0477.091.332

Represented by Peter Decoster

Active
GEERTRUI

Director · 0477.091.134

Represented by Geertrui Decoster

Active

Ended mandates

BLAUWHUIS

Director · 0477.091.332

Represented by Peter Decoster

Ended
GEERTRUI

Director · 0477.091.134

Represented by Geertrui Decoster

Ended
GEERTRUI

Director · 0477.091.134

Represented by Geertrui Decoster

Ended
GEERTRUI

Director · 0477.091.134

Represented by Geertrui Decoster

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other24/04/2018
    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 202533,5 k €↓
  2. 2024
    Annual accounts 2024101 k €↑
  3. 2023
    Annual accounts 202367,6 k €↓
  4. 2022
    Annual accounts 2022369,2 k €↑
  5. 2021
    Annual accounts 202141,2 k €↑
  6. 2019
    Annual accounts 20192,8 k €
  7. 20/04/2018
    IncorporationPrivate limited company