ACTIVE

LHOEST FRERES

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Financial year 2025 · Closed on 31/12/2025

Net result369,6 €+100,1 %over 1 year

Gross margin1,3 M €+40,3 %over 1 year

Equity1,1 M €+0,0 %over 1 year

Workforce13,9 ETP-2,8 %over 1 year

Identity

Source · BCE/KBO

LHOEST FRERES is a Public limited company incorporated in 2004. Its registered office is in Liège. It employs on average 13,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0864.241.096
Incorporation: 22/03/2004
Legal form: Public limited company
Registered office: Rue Fond-des-Tawes 91
4000 Liège · WallonieSee on map
Contributed capital: 90 000,00 €
Latest accounts: 31/12/2025
Average workforce: 13,9 ETP

Joint committees (2)

Contacts

4 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,3 M €	+40.3%	952,2 k €	-30.8%	1,4 M €	-23.5%	1,8 M €	+33.8%	1,3 M €
EBITDA	319,1 k €	+2928%	-11,3 k €	-104%	285,9 k €	-67.4%	875,9 k €	+81.9%	481,4 k €
Operating result	41,3 k €	+116%	-251,8 k €	-413%	80,3 k €	-88.5%	700,2 k €	+88.8%	371 k €
Net result	369,6 €	+100%	-284,5 k €	-839%	38,5 k €	-90.7%	413,8 k €	+72.1%	240,5 k €
Balance sheet
Equity	1,1 M €	+0.0%	1,1 M €	-19.7%	1,4 M €	+2.8%	1,4 M €	+43.5%	950,3 k €
Total assets	1,9 M €	+4.6%	1,8 M €	-15.0%	2,1 M €	+8.3%	2 M €	+32.1%	1,5 M €
Cash	165,7 k €	+41.3%	117,2 k €	+3.5%	113,3 k €	-72.1%	406,4 k €	+666%	53 k €
Debts	772,1 k €	+12.0%	689,1 k €	-5.6%	729,7 k €	+20.1%	607,8 k €	+12.0%	542,5 k €
Other
Workforce	13,9 ETP	-2.8%	14,3 ETP	-16.9%	17,2 ETP	-3.4%	17,8 ETP	+0.6%	17,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 16 ended

Active mandates

Damien LHOEST

Director · since 07 juin 2021 · until 07 juin 2027

Active

Renaud LHOEST

Director · since 07 juin 2021 · until 07 juin 2027

Active

Ended mandates

Denis LHOEST

Director · since 07 juin 2021 · until 07 juin 2027

Ended

Damien LHOEST

Director · since 01 juin 2021 · until 01 juin 2027

Ended

Denis LHOEST

Director · since 01 juin 2021 · until 01 juin 2027

Ended

Renaud LHOEST

Director · since 01 juin 2021 · until 01 juin 2027

Ended

Full financial information

Source · NBB

	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	08/07/2026	26/08/2025	27/09/2024	31/08/2023	18/11/2022	31/08/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	08/07/2026	French	PDF
Abridged model	31/12/2024	02/06/2025	26/08/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	27/09/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	06/06/2022	18/11/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	26/11/2020	23/12/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	16/08/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	26/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	01/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	16/07/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	27/06/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	23/08/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	09/08/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	16/07/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	10/07/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	19/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 16 ended

Active mandates

Damien LHOEST

Director · since 07 juin 2021 · until 07 juin 2027

Active

Renaud LHOEST

Director · since 07 juin 2021 · until 07 juin 2027

Active

Ended mandates

Denis LHOEST

Director · since 07 juin 2021 · until 07 juin 2027

Ended

Damien LHOEST

Director · since 01 juin 2021 · until 01 juin 2027

Ended

Denis LHOEST

Director · since 01 juin 2021 · until 01 juin 2027

Ended

Renaud LHOEST

Director · since 01 juin 2021 · until 01 juin 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/09/2026
Révocation administrateur
PDF
Mandates24/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates23/07/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2010
DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/04/2008
CAPITAL, ACTIONS
PDF
Mandates18/07/2007
DEMISSIONS, NOMINATIONS
PDF
Other30/03/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

2025
Annual accounts 2025369,6 €↑
2024
Annual accounts 2024-284,5 k €↓
2023
Annual accounts 202338,5 k €↓
2022
Annual accounts 2022413,8 k €↑
2021
Annual accounts 2021240,5 k €↑
2020
Annual accounts 202056,5 k €↑
2019
Annual accounts 201934,1 k €↓
2018
Annual accounts 201863 k €↓
2017
Annual accounts 2017217,3 k €↑
2016
Annual accounts 201613 k €↓
2015
Annual accounts 2015140 k €↑
2014
Annual accounts 201458,9 k €↑
2013
Annual accounts 2013-119,2 k €↓
2012
Annual accounts 201253,7 k €↓
2011
Annual accounts 2011143,1 k €↑
2010
Annual accounts 201098,5 k €↑
2009
Annual accounts 200944,8 k €↑
2008
Annual accounts 2008-19,5 k €↓
2007
Annual accounts 2007217 k €↑
2006
Annual accounts 200647,8 k €
22/03/2004
IncorporationPublic limited company

LHOEST FRERES

Overview

Identity

Financials

Valuation

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

Timeline