ACTIVE

LMV CONSTRUCT

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Financial year 2025 · closed on 30/09/2025

Net result

251,4 k €

+453.7% YoY

Gross margin

1,2 M €

+86.1% YoY

Equity

1,3 M €

+24.7% YoY

Workforce

6,3 ETP

-17.1% YoY

What does LMV CONSTRUCT do?

LMV CONSTRUCT is a Private limited company incorporated in 2010. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Zonnebeke. It employs on average 6,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.918.612

Incorporation

04/01/2010

Legal form

Private limited company

Registered office

Grote Molenstraat 77
8980 Zonnebeke · FlandreSee on map

Contributed capital

128 600,00 €

Latest accounts

30/09/2025

Average workforce

6,3 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 41003Construction of buildings 41203Construction of residential and non-residential buildings 41101Development of building projects 43410Specialised construction activities+6

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2015		2014		2013		2012		2011
Income statement
Gross margin	1,2 M €	+86.1%	668,2 k €	+20.0%	557 k €	+21.2%	459,6 k €	-12.9%	527,8 k €	+53.1%	344,7 k €	-1.2%	349 k €	+11.2%	314 k €	+11.2%	282,2 k €	-25.2%	377,3 k €
EBITDA	544,6 k €	+184%	192 k €	+10.2%	174,2 k €	+48.0%	117,7 k €	-40.6%	198,3 k €	+123%	89 k €	-25.9%	120 k €	-12.4%	137,1 k €	-3.4%	141,9 k €	-18.7%	174,5 k €
Operating result	450,2 k €	+332%	104,3 k €	+26.8%	82,2 k €	+126%	36,4 k €	-70.6%	123,8 k €	+89.4%	65,4 k €	-5.5%	69,2 k €	-19.9%	86,3 k €	-2.4%	88,5 k €	-2.2%	90,5 k €
Net result	251,4 k €	+454%	45,4 k €	-0.6%	45,7 k €	+361%	9,9 k €	-87.8%	81,4 k €	+109%	38,9 k €	-13.1%	44,7 k €	-19.1%	55,3 k €	-9.6%	61,2 k €	+28.8%	47,5 k €
Balance sheet
Equity	1,3 M €	+24.7%	1 M €	+4.7%	971,1 k €	+4.9%	925,4 k €	+1.1%	915,6 k €	+162%	349,1 k €	+12.5%	310,3 k €	+16.8%	265,6 k €	+137%	112,3 k €	+69.9%	66,1 k €
Total assets	4,5 M €	+20.2%	3,7 M €	-1.9%	3,8 M €	-16.4%	4,5 M €	+9.1%	4,2 M €	+130%	1,8 M €	+43.9%	1,3 M €	+0.0%	1,3 M €	-4.6%	1,3 M €	+2.0%	1,3 M €
Cash	131 k €	+127%	57,7 k €	-52.6%	121,9 k €	-46.0%	225,9 k €	+174%	82,6 k €	+7289%	1,1 k €	-96.5%	31,6 k €	-30.4%	45,5 k €	-68.9%	146,3 k €	+59.7%	91,6 k €
Debts	3,2 M €	+16.9%	2,7 M €	-3.5%	2,8 M €	-22.1%	3,6 M €	+11.3%	3,2 M €	+126%	1,4 M €	+55.9%	914,1 k €	-4.7%	958,7 k €	-18.2%	1,2 M €	-1.7%	1,2 M €
Other
Workforce	6,3 ETP	-17.1%	7,6 ETP	0.0%	7,6 ETP	+22.6%	6,2 ETP	-6.1%	6,6 ETP	+37.5%	4,8 ETP	0.0%	4,8 ETP	+17.1%	4,1 ETP	+51.9%	2,7 ETP	0.0%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 5 ended

Active mandates

Lode Vandenbulcke

Director

Active

Michiel Vandenbulcke

Director

Active

Ended mandates

Michiel Vandenbulcke

Director · since 01 octobre 2010

Ended

Lode Vandenbulcke

Director · since 31 décembre 2009

Ended

Lode Vandenbulcke

Manager · since 31 décembre 2009

Ended

Michiel Vandenbulcke

Manager · since 31 décembre 2009

Ended

At this address

Other companies at this address

Company	CBE no.
LMV INVEST● Active	0830.734.625
Vandenbulcke Lieven en Michiel● Active	1022.362.281

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/04/2026	28/04/2025	09/10/2024	10/05/2023	03/05/2022	30/04/2021
General meeting	28/03/2026	29/03/2025	09/03/2024	25/03/2023	26/03/2022	27/03/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	28/03/2026	13/04/2026	Dutch	PDF
Abridged model	30/09/2024	29/03/2025	28/04/2025	Dutch	PDF
Abridged model	30/09/2023	09/03/2024	09/10/2024	Dutch	PDF
Abridged model	30/09/2022	25/03/2023	10/05/2023	Dutch	PDF
Abridged model	30/09/2021	26/03/2022	03/05/2022	Dutch	PDF
Abridged model	30/09/2020	27/03/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	25/05/2020	02/06/2020	Dutch	PDF
Abridged model	30/09/2018	30/03/2019	30/04/2019	Dutch	PDF
Abridged model	30/09/2017	31/03/2018	07/05/2018	Dutch	PDF
Abridged model	30/09/2016	25/03/2017	16/05/2017	Dutch	PDF
Abridged model	30/09/2015	26/03/2016	27/04/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	29/03/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	08/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	08/05/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 2 active · 5 ended

Active mandates

Lode Vandenbulcke

Director

Active

Michiel Vandenbulcke

Director

Active

Ended mandates

Michiel Vandenbulcke

Director · since 01 octobre 2010

Ended

Lode Vandenbulcke

Director · since 31 décembre 2009

Ended

Lode Vandenbulcke

Manager · since 31 décembre 2009

Ended

Michiel Vandenbulcke

Manager · since 31 décembre 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/10/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/11/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other14/01/2010
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

2025
Annual accounts 2025251,4 k €↑
2024
Annual accounts 202445,4 k €↓
2023
Annual accounts 202345,7 k €↑
2022
Annual accounts 20229,9 k €↓
2021
Annual accounts 202181,4 k €↑
2015
Annual accounts 201538,9 k €↓
2014
Annual accounts 201444,7 k €↓
2013
Annual accounts 201355,3 k €↓
2012
Annual accounts 201261,2 k €↑
2011
Annual accounts 201147,5 k €
04/01/2010
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

LMV CONSTRUCT

Overview

What does LMV CONSTRUCT do?

Trend over 10 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