ACTIVE

Lupa

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Financial year 2025 · closed on 31/12/2025

Net result

35,8 k €

-85.9% YoY

Gross margin

1,7 M €

-16.5% YoY

Equity

277,2 k €

+14.8% YoY

Workforce

24,2 ETP

-4.7% YoY

What does Lupa do?

Lupa is a Private limited company incorporated in 2003. Its registered office is in Genk. It employs on average 24,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.991.508

Incorporation

07/08/2003

Legal form

Private limited company

Registered office

Hasseltweg 84
3600 Genk · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Average workforce

24,2 ETP

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,7 M €	-16.5%	2 M €	+4.0%	1,9 M €	+10.7%	1,7 M €	+12.8%	1,5 M €	+21.4%	1,3 M €	+1.8%	1,2 M €	+16.0%	1,1 M €	+7.0%	1 M €	-21.1%	1,3 M €	+1.7%	1,3 M €	+13.7%	1,1 M €	+18.9%	925,7 k €	+16.7%	793,3 k €	+16.9%	678,3 k €	+361%	147,1 k €	-70.8%	504,3 k €	+4.1%	484,5 k €	+16.5%	416 k €	+49.6%	278,1 k €
EBITDA	150,5 k €	-63.4%	411,1 k €	+558%	62,5 k €	-28.2%	87 k €	-9.9%	96,5 k €	+238%	28,6 k €	+16.8%	24,5 k €	+222%	-20,1 k €	+10.4%	-22,4 k €	-127%	83,4 k €	+0.5%	83 k €	+22.4%	67,8 k €	-35.7%	105,4 k €	-2.8%	108,5 k €	-32.8%	161,5 k €	+148%	-337 k €	-696%	56,6 k €	+54.5%	36,6 k €	-53.1%	78,1 k €	+397%	15,7 k €
Operating result	-30,5 k €	-111%	270,2 k €	+521%	-64,2 k €	-50.7%	-42,6 k €	-1582%	2,9 k €	+105%	-63,4 k €	+12.3%	-72,3 k €	+43.3%	-127,4 k €	-3.9%	-122,6 k €	-171%	-45,3 k €	-8.6%	-41,7 k €	-59.8%	-26,1 k €	-276%	14,8 k €	-60.2%	37,2 k €	-63.7%	102,4 k €	+125%	-413,3 k €	-3724%	11,4 k €	+178%	-14,7 k €	-148%	30,6 k €	+359%	-11,8 k €
Net result	35,8 k €	-85.9%	254 k €	+1967%	12,3 k €	-70.2%	41,3 k €	-51.4%	85 k €	+118%	39 k €	+302%	-19,3 k €	-211%	17,3 k €	-27.4%	23,9 k €	-66.1%	70,3 k €	+2847%	2,4 k €	+144%	-5,4 k €	-110%	52,2 k €	-58.6%	126,2 k €	-7.7%	136,8 k €	+136%	-384,1 k €	-53349%	721,3 €	-74.2%	2,8 k €	-95.0%	56,3 k €	+106%	27,3 k €
Balance sheet
Equity	277,2 k €	+14.8%	241,4 k €	+6.2%	227,4 k €	+5.7%	215,1 k €	+23.7%	173,9 k €	+95.6%	88,9 k €	+78.0%	49,9 k €	-27.9%	69,2 k €	+33.4%	51,9 k €	+85.1%	28 k €	+166%	-42,3 k €	+5.3%	-44,7 k €	-13.7%	-39,3 k €	+57.1%	-91,5 k €	+58.0%	-217,7 k €	+38.6%	-354,5 k €	-1299%	29,6 k €	+2.5%	28,9 k €	+10.7%	26,1 k €	+186%	-30,2 k €
Total assets	2,2 M €	-11.7%	2,4 M €	+29.2%	1,9 M €	-21.1%	2,4 M €	+12.8%	2,1 M €	+23.5%	1,7 M €	+35.2%	1,3 M €	+16.5%	1,1 M €	+2.7%	1,1 M €	-4.2%	1,1 M €	-8.1%	1,2 M €	+56.9%	768,3 k €	-9.1%	845,3 k €	+14.5%	738,2 k €	-53.5%	1,6 M €	+84.7%	859 k €	-9.4%	948,5 k €	+47.5%	642,9 k €	+12.2%	573 k €	+35.5%	423 k €
Cash	179,5 k €	-52.8%	380,3 k €	+58.2%	240,4 k €	+37.6%	174,7 k €	-60.4%	441 k €	+2.8%	429,1 k €	+182%	152 k €	+35.0%	112,6 k €	-46.2%	209,5 k €	+22.0%	171,8 k €	+28.8%	133,4 k €	+132%	57,6 k €	-40.4%	96,6 k €	+198%	32,4 k €	-96.3%	874,1 k €	+306%	215,3 k €	+2277%	9,1 k €	-27.8%	12,5 k €	-66.4%	37,3 k €	+52.7%	24,4 k €
Debts	1,9 M €	-14.6%	2,2 M €	+32.4%	1,7 M €	-23.5%	2,2 M €	+11.5%	1,9 M €	+19.5%	1,6 M €	+33.4%	1,2 M €	+19.6%	1 M €	+1.1%	1 M €	-6.4%	1,1 M €	-13.6%	1,2 M €	+65.7%	752,8 k €	-14.9%	884,5 k €	+6.6%	829,7 k €	-54.0%	1,8 M €	+48.7%	1,2 M €	+33.9%	906,3 k €	+49.1%	607,7 k €	+13.7%	534,5 k €	+19.5%	447,4 k €
Other
Workforce	24,2 ETP	-4.7%	25,4 ETP	-14.2%	29,6 ETP	+8.8%	27,2 ETP	+5.0%	25,9 ETP	+1.2%	25,6 ETP	+5.8%	24,2 ETP	+5.7%	22,9 ETP	+12.8%	20,3 ETP	-4.7%	21,3 ETP	-7.4%	23,0 ETP	+19.8%	19,2 ETP	+17.1%	16,4 ETP	+8.6%	15,1 ETP	+42.5%	10,6 ETP	+19.1%	8,9 ETP	+2.3%	8,7 ETP	-5.4%	9,2 ETP	+26.0%	7,3 ETP	+12.3%	6,5 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 · 2 active · 20 ended

Active mandates

ARJEMA

Director · since 17 mai 2023 · 0887.149.429

Represented by Raymond Drenth

Active

MISSION.S

Director · since 17 mai 2023 · 0820.482.814

Represented by Sigrid Missotten

Active

Ended mandates

ARJEMA

Director · since 25 mai 2023 · 0887.149.429

Represented by Raymond Drenth

Ended

MISSION.S

Director · since 25 mai 2023 · 0820.482.814

Represented by Sigrid Missotten

Ended

ARJEMA

Director · since 17 mai 2023 · 0887.149.429

Represented by Dhr. RAYMOND DRENTH

Ended

MISSION.S

Director · since 17 mai 2023 · 0820.482.814

Represented by Sigrid Missotten

Ended

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	30/06/2026	28/06/2025	19/06/2024	30/06/2023	29/06/2022	30/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	28/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	12/07/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	18/06/2007	Dutch	PDF

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 · 2 active · 20 ended

Active mandates

ARJEMA

Director · since 17 mai 2023 · 0887.149.429

Represented by Raymond Drenth

Active

MISSION.S

Director · since 17 mai 2023 · 0820.482.814

Represented by Sigrid Missotten

Active

Ended mandates

ARJEMA

Director · since 25 mai 2023 · 0887.149.429

Represented by Raymond Drenth

Ended

MISSION.S

Director · since 25 mai 2023 · 0820.482.814

Represented by Sigrid Missotten

Ended

ARJEMA

Director · since 17 mai 2023 · 0887.149.429

Represented by Dhr. RAYMOND DRENTH

Ended

MISSION.S

Director · since 17 mai 2023 · 0820.482.814

Represented by Sigrid Missotten

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/05/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/06/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office14/05/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/12/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2005
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 202535,8 k €↓
2024
Annual accounts 2024254 k €↑
2023
Annual accounts 202312,3 k €↓
2022
Annual accounts 202241,3 k €↓
2021
Annual accounts 202185 k €↑
2020
Annual accounts 202039 k €↑
2019
Annual accounts 2019-19,3 k €↓
2018
Annual accounts 201817,3 k €↓
2017
Annual accounts 201723,9 k €↓
2016
Annual accounts 201670,3 k €↑
2015
Annual accounts 20152,4 k €↑
2014
Annual accounts 2014-5,4 k €↓
2013
Annual accounts 201352,2 k €↓
2012
Annual accounts 2012126,2 k €↓
2011
Annual accounts 2011136,8 k €↑
2010
Annual accounts 2010-384,1 k €↓
2009
Annual accounts 2009721,3 €↓
2008
Annual accounts 20082,8 k €↓
2007
Annual accounts 200756,3 k €↑
2006
Annual accounts 200627,3 k €
07/08/2003
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

Lupa

Overview

What does Lupa do?

Trend over 20 financial years

Indicative valuation

Board of directors

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