ACTIVE

LIEVAIR

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Financial year 2025 · closed on 31/12/2025

Net result

992,1 k €

-32.3% YoY

Revenue

1,6 M €

-29.4% YoY

Equity

16,4 M €

+3.2% YoY

Workforce

2,5 ETP

0.0% YoY

What does LIEVAIR do?

LIEVAIR is a Public limited company incorporated in 2009. Its registered office is in Kruisem. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0811.629.781

Incorporation

08/05/2009

Legal form

Public limited company

Registered office

Breeakkerstraat 1
9771 Kruisem · FlandreSee on map

Contributed capital

368 270,07 €

Latest accounts

31/12/2025

Average workforce

2,5 ETP

Joint committees (4)

111
11101
209
20900

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	1,6 M €	-29.4%	2,2 M €	+30.1%	1,7 M €	+18.8%	1,4 M €	+29.7%	1,1 M €	+9.2%	1 M €	-16.8%	1,2 M €	+124%	540 k €	-15.3%	637,8 k €	+77.2%	360 k €	-43.7%	639,7 k €	+5.9%	604,2 k €	+30.7%	462,3 k €	+7.4%	430,6 k €
EBITDA	1,3 M €	-31.6%	2 M €	+28.8%	1,5 M €	+19.5%	1,3 M €	+35.0%	947,2 k €	+119%	432,3 k €	-37.1%	686,7 k €	+166%	258,4 k €	+16.6%	221,5 k €	+78.5%	124,1 k €	-68.6%	395 k €	-0.4%	396,8 k €	+37.2%	289,2 k €	+10.0%	263 k €
Operating result	1,3 M €	-32.2%	1,9 M €	+29.2%	1,5 M €	+20.1%	1,2 M €	+35.9%	913,4 k €	+123%	410,4 k €	-37.5%	656,8 k €	+162%	251,2 k €	+21.2%	207,3 k €	+89.3%	109,5 k €	-71.2%	380,3 k €	-0.5%	382,1 k €	+38.6%	275,7 k €	+4.8%	263 k €
Net result	992,1 k €	-32.3%	1,5 M €	+26.1%	1,2 M €	+29.2%	899,8 k €	+37.7%	653,2 k €	+478%	113 k €	-87.5%	901,6 k €	+530%	143,2 k €	+34.4%	106,5 k €	-80.3%	540,7 k €	-86.2%	3,9 M €	+370%	833,2 k €	-60.9%	2,1 M €	+642%	-392,9 k €
Balance sheet
Equity	16,4 M €	+3.2%	15,9 M €	+6.6%	14,9 M €	+2.9%	14,5 M €	-27.6%	20 M €	+194%	6,8 M €	+2.5%	6,6 M €	-21.1%	8,4 M €	-1.2%	8,5 M €	+1.3%	8,4 M €	+6.9%	7,9 M €	+102%	3,9 M €	+28.6%	3 M €	+201%	1 M €
Total assets	20 M €	+4.1%	19,3 M €	+1.3%	19 M €	+2.1%	18,6 M €	-22.5%	24 M €	+21.0%	19,9 M €	+18.8%	16,7 M €	-3.5%	17,3 M €	-2.1%	17,7 M €	+0.6%	17,6 M €	+4.8%	16,8 M €	+38.3%	12,1 M €	+1.1%	12 M €	+1.3%	11,9 M €
Cash	270,5 k €	+343%	61,1 k €	-87.4%	486,7 k €	+197%	164,1 k €	+48.8%	110,3 k €	-94.3%	1,9 M €	+3949%	47,4 k €	-65.1%	136,1 k €	-2.5%	139,5 k €	-70.9%	479,4 k €	-18.2%	585,8 k €	+139%	245,2 k €	+277%	65,1 k €	+4.3%	62,4 k €
Debts	3,6 M €	+8.7%	3,3 M €	-16.5%	4 M €	-3.0%	4,1 M €	+3.7%	3,9 M €	-69.8%	13 M €	+29.5%	10,1 M €	+13.1%	8,9 M €	-2.6%	9,1 M €	+0.7%	9,1 M €	+2.0%	8,9 M €	+8.8%	8,2 M €	-8.3%	8,9 M €	-17.6%	10,8 M €
Other
Workforce	2,5 ETP	0.0%	2,5 ETP	0.0%	2,5 ETP	-16.7%	3,0 ETP	0.0%	3,0 ETP	+7.1%	2,8 ETP	-3.4%	2,9 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

AVW Consult

Director · since 26 juin 2025 · until 27 juin 2031 · 0741.873.915

Represented by Angélique Van Welden

Active

Lieven Tsjoen

Managing director · since 09 juillet 2021 · until 25 juin 2027

Active

Ended mandates

AVW Consult

Director · since 22 janvier 2020 · until 26 juin 2025 · 0741.873.915

Represented by Angélique VAN WELDEN

Ended

AVW Consult

Director · since 22 janvier 2020 · until 27 juin 2025 · 0741.873.915

Represented by Angélique VAN WELDEN

Ended

Angelique VAN WELDEN

Director · since 26 juin 2015 · until 30 juin 2021

Ended

Angélique Van Welden

Director · since 26 juin 2015 · until 22 janvier 2020

Ended

At this address

Other companies at this address

Company	CBE no.
AVW Consult● Active	0741.873.915
DECOMO HOLDING● Active	0793.711.210
Descamps Immo● Active	0845.534.944
Immoferm● Active	0720.491.056
IMMOFERM● Active	0457.609.673
Lievair● Active	0720.491.452
Sanlievair eenheid● Active	1010.555.007
WELDA INVEST● Active	0647.827.960

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	17/07/2026	14/08/2025	10/07/2024	24/08/2023	10/08/2022	18/08/2021
General meeting	26/06/2026	26/06/2025	28/06/2024	30/06/2023	08/07/2022	09/07/2021
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

27 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	14/08/2025	Dutch	PDF
Consolidated accounts	31/12/2024	26/06/2025	14/08/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	10/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	28/06/2024	10/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	24/08/2023	Dutch	PDF
Consolidated accounts	31/12/2022	30/06/2023	24/08/2023	Dutch	PDF
Full model	31/12/2021	08/07/2022	10/08/2022	Dutch	PDF
Consolidated accounts	31/12/2021	—	10/08/2022	Dutch	PDF
Full model	31/12/2020	09/07/2021	18/08/2021	Dutch	PDF
Consolidated accounts	31/12/2020	09/07/2021	18/08/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	17/08/2020	Dutch	PDF
Consolidated accounts	31/12/2019	26/06/2020	17/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	20/08/2019	Dutch	PDF
Consolidated accounts	31/12/2018	28/06/2019	29/08/2019	Dutch	PDF
Full model	31/12/2017	31/07/2018	30/08/2018	Dutch	PDF
Consolidated accounts	31/12/2017	31/07/2018	29/08/2019	Dutch	PDF
Full model	31/12/2016	30/06/2017	12/07/2017	Dutch	PDF
Consolidated accounts	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	22/07/2016	Dutch	PDF
Consolidated accounts	31/12/2015	24/06/2016	26/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	24/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	22/07/2014	Dutch	PDF
Full model	31/12/2012	29/07/2013	01/08/2013	Dutch	PDF

View all 27 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active · 16 ended

Active mandates

AVW Consult

Director · since 26 juin 2025 · until 27 juin 2031 · 0741.873.915

Represented by Angélique Van Welden

Active

Lieven Tsjoen

Managing director · since 09 juillet 2021 · until 25 juin 2027

Active

Ended mandates

AVW Consult

Director · since 22 janvier 2020 · until 26 juin 2025 · 0741.873.915

Represented by Angélique VAN WELDEN

Ended

AVW Consult

Director · since 22 janvier 2020 · until 27 juin 2025 · 0741.873.915

Represented by Angélique VAN WELDEN

Ended

Angelique VAN WELDEN

Director · since 26 juin 2015 · until 30 juin 2021

Ended

Angélique Van Welden

Director · since 26 juin 2015 · until 22 janvier 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/11/2022
KAPITAAL - AANDELEN
PDF
Restructuring27/09/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2019
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

2025
Annual accounts 2025992,1 k €↓
2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022899,8 k €↑
2021
Annual accounts 2021653,2 k €↑
2018
Annual accounts 2018113 k €↓
2017
Annual accounts 2017901,6 k €↑
2016
Annual accounts 2016143,2 k €↑
2015
Annual accounts 2015106,5 k €↓
2014
Annual accounts 2014540,7 k €↓
2013
Annual accounts 20133,9 M €↑
2012
Annual accounts 2012833,2 k €↓
2011
Annual accounts 20112,1 M €↑
2010
Annual accounts 2010-392,9 k €
08/05/2009
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

LIEVAIR

Overview

What does LIEVAIR do?

Trend over 14 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