ACTIVE

Lipsum

Financial year 2025 · closed on 31/12/2025
Net result
204,1 k €
+72.7% YoY
Gross margin
305,7 k €
+219.8% YoY
Equity
558,7 k €
+1.3% YoY
Workforce
0,0 ETP

What does Lipsum do?

Lipsum is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Meise.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0810.905.152
Incorporation
02/04/2009
Legal form
Private limited company
Registered office
Boondreef 2
1861 Meise · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021201720162015201420132012201120102009
Income statement
Gross margin305,7 k €95,6 k €86,3 k €55 k €81,1 k €50 k €87,8 k €112 k €70,7 k €57,1 k €42,4 k €42,3 k €31,7 k €4,1 k €
EBITDA302,5 k €92,7 k €82,1 k €51,6 k €78,1 k €48,6 k €85,7 k €110 k €68,2 k €54,9 k €35,8 k €-5 k €30,8 k €3,5 k €
Operating result298,6 k €78,7 k €60,5 k €37,5 k €65,1 k €34,6 k €72,5 k €98,1 k €55,7 k €43,9 k €29 k €-10,3 k €1,9 k €3,1 k €
Net result204,1 k €118,2 k €39,2 k €25,5 k €44,4 k €23 k €40,1 k €52,5 k €23,3 k €26,4 k €16,5 k €-17,7 k €-1,6 k €768 €
Balance sheet
Equity558,7 k €551,3 k €433,1 k €393,9 k €368,4 k €181,8 k €158,8 k €118,6 k €66,2 k €42,9 k €16,5 k €14,1 €11,6 k €13,2 k €
Total assets706,8 k €703,8 k €606,9 k €527,2 k €497,1 k €428,2 k €379,7 k €380 k €338,1 k €293 k €263,5 k €260,2 k €245,7 k €35,4 k €
Cash417 k €310,8 k €48,9 k €148,3 k €152,6 k €96,5 k €67,1 k €68,5 k €978,9 €23,2 k €19,1 k €7,2 k €990,6 €23,6 k €
Debts96,8 k €97,9 k €124,3 k €88,7 k €84,1 k €201,8 k €176,4 k €216,8 k €227,4 k €205,4 k €201,6 k €214,7 k €233,9 k €22,1 k €
Other
Workforce0,0 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 · 1 active · 3 ended

Active mandates

Geert Bogaert

Director

Active

Ended mandates

Geert Bogaert

Manager · since 02 avril 2009

Ended
Geert Bogaert

Manager · since 30 mars 2009

Ended
Geert Bogaert

Manager

Ended
At this address

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0465.909.707
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0756.682.251
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 date11/08/202616/07/202528/08/202413/10/202304/08/202224/11/2021
General meeting31/07/202614/07/202522/08/202422/08/202327/07/202225/10/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/07/202611/08/2026DutchPDF
Abridged model31/12/202414/07/202516/07/2025DutchPDF
Abridged model31/12/202322/08/202428/08/2024DutchPDF
Abridged model31/12/202222/08/202313/10/2023DutchPDF
Abridged model31/12/202127/07/202204/08/2022DutchPDF
Abridged model31/12/202025/10/202124/11/2021DutchPDF
Abridged model31/12/201923/11/202030/11/2020DutchPDF
Abridged model31/12/201809/10/201928/10/2019DutchPDF
Abridged model31/12/201730/07/201802/08/2018DutchPDF
Abridged model31/12/201606/09/201720/09/2017DutchPDF
Abridged model31/12/201529/08/201606/09/2016DutchPDF
Abridged model31/12/201425/08/201531/08/2015DutchPDF
Abridged model31/12/201330/06/201421/08/2014DutchPDF
Abridged model31/12/201218/06/201331/07/2013DutchPDF
Abridged model31/12/201119/06/201217/07/2012DutchPDF
Abridged model31/12/201030/06/201126/07/2011DutchPDF
Abridged model31/12/200922/06/201001/07/2010DutchPDF
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 · 1 active · 3 ended

Active mandates

Geert Bogaert

Director

Active

Ended mandates

Geert Bogaert

Manager · since 02 avril 2009

Ended
Geert Bogaert

Manager · since 30 mars 2009

Ended
Geert Bogaert

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office27/06/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office31/12/2010
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other14/04/2009
    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 2025204,1 k €
  2. 2024
    Annual accounts 2024118,2 k €
  3. 2023
    Annual accounts 202339,2 k €
  4. 2022
    Annual accounts 202225,5 k €
  5. 2021
    Annual accounts 202144,4 k €
  6. 2017
    Annual accounts 201723 k €
  7. 2016
    Annual accounts 201640,1 k €
  8. 2015
    Annual accounts 201552,5 k €
  9. 2014
    Annual accounts 201423,3 k €
  10. 2013
    Annual accounts 201326,4 k €
  11. 2012
    Annual accounts 201216,5 k €
  12. 2011
    Annual accounts 2011-17,7 k €
  13. 2010
    Annual accounts 2010-1,6 k €
  14. 2009
    Annual accounts 2009768 €
  15. 02/04/2009
    IncorporationPrivate limited company