ACTIVE

LSF-KEB HOLDINGS

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Financial year 2025 · Closed on 31/12/2025

Net result-4,3 M €-170,3 %over 1 year
Equity47,5 M €-8,4 %over 1 year

Identity

Source · BCE/KBO

LSF-KEB HOLDINGS is a Private limited company incorporated in 2003. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0860.227.573
Incorporation
26/08/2003
Legal form
Private limited company
Registered office
Avenue Marnix 23
1000 Bruxelles · BruxellesSee on map
Contributed capital
51 789 752,39 €
Latest accounts
31/12/2025
Contacts
1 public detail availableLog in to view
Signals
Solid equity

Financials

Source · NBB, 22 filings

Trend over 18 financial years

20252024202320222021
Income statement
EBITDA-6,8 M €-4,2 M €-1,6 M €-967,3 k €-330,8 k €
Operating result-6,8 M €-4,2 M €-1,6 M €-967,3 k €-330,8 k €
Net result-4,3 M €-1,6 M €970 k €-244,4 k €406,1 k €
Balance sheet
Equity47,5 M €51,8 M €53,4 M €52,4 M €52,7 M €
Total assets110,3 M €113,3 M €113,7 M €111,7 M €109,7 M €
Cash142,8 k €696 k €307,2 k €435,8 k €211,8 k €
Debts62,8 M €61,5 M €60,2 M €59,3 M €57 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 8 ended

Active mandates

Zita Vance

Director · since 30 septembre 2025

Active
Faith McManus

Director · since 15 novembre 2023

Active
Vincent Bonnewijn

Director · since 15 novembre 2023 · until 30 septembre 2025

Active

Ended mandates

Vincent Bonnewijn

Director · since 15 novembre 2023

Ended
LSF KEB MANAGEMENT

Manager · since 22 avril 2009 · 0811.280.185

Represented by Michael THOMSON

Ended
LSF KEB MANAGEMENT

Manager · since 22 avril 2009 · until 15 novembre 2023 · 0811.280.185

Represented by Vincent BONNEWIJN

Ended
LSF KEB MANAGEMENT

Manager · since 22 avril 2009 · 0811.280.185

Represented by Vincent BONNEWIJN

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date12/05/202630/04/202522/04/202402/05/202312/05/202211/05/2021
General meeting15/04/202615/04/202515/04/202417/04/202315/04/202215/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/04/202612/05/2026DutchPDF
Full model31/12/202415/04/202530/04/2025DutchPDF
Full model31/12/202315/04/202422/04/2024DutchPDF
Full model31/12/202217/04/202302/05/2023DutchPDF
Full model31/12/202115/04/202212/05/2022FrenchPDF
Full model31/12/202015/04/202111/05/2021FrenchPDF
Full model31/12/201915/04/202014/05/2020FrenchPDF
Full modelCorrection31/12/201816/09/201926/09/2019FrenchPDF
Full model31/12/201815/04/201913/05/2019FrenchPDF
Full model31/12/201716/04/201814/05/2018FrenchPDF
Full model31/12/201615/04/201708/05/2017FrenchPDF
Full model31/12/201515/04/201620/04/2016FrenchPDF
Full model31/12/201415/04/201506/05/2015FrenchPDF
Full model31/12/201315/04/201413/05/2014FrenchPDF
Full model31/12/201215/04/201313/05/2013FrenchPDF
Full modelCorrection31/12/201108/11/201220/11/2012FrenchPDF
Full model31/12/201116/04/201208/05/2012FrenchPDF
Full model31/12/201015/04/201113/05/2011FrenchPDF
Full model31/12/200915/04/201006/05/2010FrenchPDF
Full model31/12/200815/04/200915/05/2009FrenchPDF
Full model31/12/200715/04/200814/05/2008FrenchPDF
Full model31/12/200616/04/200704/05/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 8 ended

Active mandates

Zita Vance

Director · since 30 septembre 2025

Active
Faith McManus

Director · since 15 novembre 2023

Active
Vincent Bonnewijn

Director · since 15 novembre 2023 · until 30 septembre 2025

Active

Ended mandates

Vincent Bonnewijn

Director · since 15 novembre 2023

Ended
LSF KEB MANAGEMENT

Manager · since 22 avril 2009 · 0811.280.185

Represented by Michael THOMSON

Ended
LSF KEB MANAGEMENT

Manager · since 22 avril 2009 · until 15 novembre 2023 · 0811.280.185

Represented by Vincent BONNEWIJN

Ended
LSF KEB MANAGEMENT

Manager · since 22 avril 2009 · 0811.280.185

Represented by Vincent BONNEWIJN

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates18/09/2026
    Benoeming bestuurder
    PDF
  • Mandates30/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/11/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office14/04/2023
    SIEGE SOCIAL
    PDF
  • Mandates15/06/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/10/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/08/2016
    DEMISSIONS, NOMINATIONS
    PDF

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 2025-4,3 M €↓
  2. 30/09/2025
    nominationZita Vance — bestuurder
  3. 2024
    Annual accounts 2024-1,6 M €↓
  4. 2023
    Annual accounts 2023970 k €↑
  5. 2022
    Annual accounts 2022-244,4 k €↓
  6. 2021
    Annual accounts 2021406,1 k €↑
  7. 2020
    Annual accounts 2020-387,9 k €↑
  8. 2019
    Annual accounts 2019-1,4 M €↓
  9. 2018
    Annual accounts 20182,2 M €↓
  10. 2017
    Annual accounts 2017206,1 M €↑
  11. 2016
    Annual accounts 2016-2,3 M €↑
  12. 2015
    Annual accounts 2015-13,8 M €↓
  13. 2014
    Annual accounts 201416,6 M €↑
  14. 2013
    Annual accounts 2013-19,6 M €↓
  15. 2012
    Annual accounts 2012926,7 M €↑
  16. 2011
    Annual accounts 2011328,1 M €↑
  17. 2010
    Annual accounts 201056,4 M €↑
  18. 2009
    Annual accounts 2009-16,3 M €↓
  19. 2007
    Annual accounts 2007777,2 M €
  20. 26/08/2003
    IncorporationPrivate limited company