ACTIVE

L.A.R.D.

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Financial year 2025 · closed on 30/09/2025

Net result

58,3 k €

+255.2% YoY

Gross margin

79,8 k €

+349.8% YoY

Equity

571,2 k €

+11.4% YoY

What does L.A.R.D. do?

L.A.R.D. is a Private limited company incorporated in 2003. Its main activity is: Market research and public opinion polling. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.092.763

Incorporation

14/08/2003

Legal form

Private limited company

Registered office

Lieremanstraat 47
9000 Gent · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	79,8 k €	+350%	-32 k €	-137%	85,7 k €	-50.2%	172,1 k €	+3.1%	166,9 k €	+27.0%	131,4 k €	+589%	-26,9 k €	-206%	25,5 k €	-82.5%	145,4 k €	-20.3%	182,4 k €	+133%	78,1 k €	-64.6%	220,6 k €	-6.6%	236,3 k €	+228%	72,1 k €	+55.9%	46,2 k €	-39.2%	76 k €	-31.2%	110,5 k €	-10.4%	123,3 k €	+119%	56,4 k €
EBITDA	78,5 k €	+338%	-33 k €	-139%	83,8 k €	-47.8%	160,5 k €	-2.6%	164,8 k €	+26.6%	130,2 k €	+285%	-70,4 k €	-402%	23,3 k €	-82.1%	130,5 k €	-27.4%	179,8 k €	+151%	71,5 k €	-66.8%	215,6 k €	-5.5%	228,1 k €	+296%	57,6 k €	+54.5%	37,3 k €	-50.1%	74,7 k €	-31.4%	108,9 k €	+1.3%	107,5 k €	+144%	44,1 k €
Operating result	60,8 k €	+231%	-46,2 k €	-167%	68,9 k €	-53.8%	149,1 k €	-3.3%	154,2 k €	+18.7%	129,9 k €	+263%	-79,9 k €	-1395%	6,2 k €	-94.5%	113 k €	-26.5%	153,7 k €	+280%	40,5 k €	-69.9%	134,3 k €	-22.5%	173,2 k €	+446%	31,7 k €	+128%	13,9 k €	-75.1%	55,8 k €	-35.5%	86,4 k €	+3.9%	83,2 k €	+317%	19,9 k €
Net result	58,3 k €	+255%	-37,6 k €	-180%	47,2 k €	-53.5%	101,7 k €	+105%	49,5 k €	-52.4%	104,1 k €	+231%	-79,2 k €	-2108%	3,9 k €	-95.6%	90,4 k €	+2.0%	88,6 k €	+378%	18,5 k €	-76.8%	79,8 k €	-23.7%	104,6 k €	+531%	16,6 k €	+168%	-24,3 k €	-178%	31 k €	-9.8%	34,3 k €	-48.9%	67,2 k €	+5506%	1,2 k €
Balance sheet
Equity	571,2 k €	+11.4%	512,9 k €	-6.8%	550,5 k €	+9.4%	503,3 k €	-1.1%	508,8 k €	+10.8%	459,3 k €	+29.3%	355,2 k €	-18.2%	434,4 k €	+0.9%	430,4 k €	+26.6%	340 k €	+35.3%	251,4 k €	+8.0%	232,9 k €	+52.1%	153,1 k €	+216%	48,5 k €	-61.2%	124,9 k €	-16.3%	149,2 k €	+26.2%	118,2 k €	+41.0%	83,8 k €	+403%	16,7 k €
Total assets	573,4 k €	+11.2%	515,6 k €	-9.3%	568,3 k €	+6.0%	536,2 k €	+0.4%	533,9 k €	+7.9%	495 k €	+38.9%	356,5 k €	-23.9%	468,1 k €	-3.4%	484,5 k €	-9.3%	534,1 k €	-9.4%	589,2 k €	-11.5%	665,9 k €	+57.6%	422,5 k €	+104%	207,5 k €	-20.7%	261,8 k €	-11.3%	295,3 k €	-7.7%	319,8 k €	+47.9%	216,3 k €	+13.5%	190,6 k €
Cash	6,8 k €	+69.5%	4 k €	-98.8%	327,8 k €	+18.6%	276,4 k €	+34.0%	206,2 k €	+4.5%	197,3 k €	+88.1%	104,9 k €	-43.7%	186,2 k €	-23.4%	242,9 k €	+1136%	19,7 k €	+7.8%	18,2 k €	-26.8%	24,9 k €	-32.5%	36,9 k €	+30.3%	28,3 k €	-62.6%	75,9 k €	+7.1%	70,8 k €		–		8,4 k €	+49.7%	5,6 k €
Debts	2,2 k €	-19.8%	2,7 k €	-84.8%	17,7 k €	-46.1%	32,9 k €	+31.1%	25,1 k €	-29.8%	35,7 k €	+2621%	1,3 k €	-96.1%	33,8 k €	-37.6%	54,1 k €	-72.1%	193,9 k €	-42.6%	337,8 k €	-22.0%	433,1 k €	+60.8%	269,4 k €	+69.4%	159 k €	+16.1%	136,9 k €	-6.3%	146,1 k €	-27.6%	201,7 k €	+52.3%	132,4 k €	-23.9%	173,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,1 ETP		–		0,1 ETP	-66.7%	0,3 ETP		–		–		0,5 ETP	-50.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 6 ended

Active mandates

Paul Claes

Director · since 06 avril 2011

Active

Ended mandates

Paul Claes

Manager · since 06 avril 2011

Ended

PAUL CLAES

Manager · since 01 août 2007 · until 01 mai 2009

Ended

PAUL CLAES

Manager · since 01 août 2007 · until 05 mai 2013

Ended

Julien Claes

Manager · since 31 mars 2004 · until 01 mai 2010

Ended

At this address

Other companies at this address

Company	CBE no.
Postkaartproducties● Active	0700.304.069

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	18/03/2026	30/04/2025	20/03/2024	28/03/2023	31/05/2022	29/04/2021
General meeting	17/03/2026	18/03/2025	19/03/2024	21/03/2023	15/03/2022	16/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	17/03/2026	18/03/2026	Dutch	PDF
Micro model	30/09/2024	18/03/2025	30/04/2025	Dutch	PDF
Micro model	30/09/2023	19/03/2024	20/03/2024	Dutch	PDF
Micro model	30/09/2022	21/03/2023	28/03/2023	Dutch	PDF
Abridged model	30/09/2021	15/03/2022	31/05/2022	Dutch	PDF
Abridged model	30/09/2020	16/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	17/03/2020	25/05/2020	Dutch	PDF
Abridged model	30/09/2018	19/03/2019	10/04/2019	Dutch	PDF
Abridged model	30/09/2017	20/03/2018	28/05/2018	Dutch	PDF
Abridged model	30/09/2016	21/03/2017	31/05/2017	Dutch	PDF
Abridged model	30/09/2015	16/03/2016	01/05/2016	Dutch	PDF
Abridged model	30/09/2014	17/03/2015	29/04/2015	Dutch	PDF
Abridged model	30/09/2013	18/03/2014	27/05/2014	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	16/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	21/08/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	19/05/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	21/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 1 active · 6 ended

Active mandates

Paul Claes

Director · since 06 avril 2011

Active

Ended mandates

Paul Claes

Manager · since 06 avril 2011

Ended

PAUL CLAES

Manager · since 01 août 2007 · until 01 mai 2009

Ended

PAUL CLAES

Manager · since 01 août 2007 · until 05 mai 2013

Ended

Julien Claes

Manager · since 31 mars 2004 · until 01 mai 2010

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office24/02/2026
MAATSCHAPPELIJKE ZETEL
PDF
Registered office30/01/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office26/06/2020
MAATSCHAPPELIJKE ZETEL
PDF
Registered office06/03/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office22/06/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/08/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other20/12/2012
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202558,3 k €↑
2024
Annual accounts 2024-37,6 k €↓
2023
Annual accounts 202347,2 k €↓
2022
Annual accounts 2022101,7 k €↑
2021
Annual accounts 202149,5 k €↓
2020
Annual accounts 2020104,1 k €↑
2019
Annual accounts 2019-79,2 k €↓
2018
Annual accounts 20183,9 k €↓
2017
Annual accounts 201790,4 k €↑
2016
Annual accounts 201688,6 k €↑
2015
Annual accounts 201518,5 k €↓
2014
Annual accounts 201479,8 k €↓
2013
Annual accounts 2013104,6 k €↑
2011
Annual accounts 201116,6 k €↑
2010
Annual accounts 2010-24,3 k €↓
2009
Annual accounts 200931 k €↓
2008
Annual accounts 200834,3 k €↓
2007
Annual accounts 200767,2 k €↑
2006
Annual accounts 20061,2 k €
14/08/2003
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

L.A.R.D.

Overview

What does L.A.R.D. do?

Trend over 19 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