ACTIVE

LUCINE

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Financial year 2025 · closed on 31/12/2025

Net result

2,2 k €

-77.4% YoY

Gross margin

25,7 k €

-25.0% YoY

Equity

33,2 k €

+7.2% YoY

What does LUCINE do?

LUCINE is a Private limited company incorporated in 2004. Its main activity is: Electrical installation. Its registered office is in Kinrooi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.593.545

Incorporation

30/07/2004

Legal form

Private limited company

Registered office

Kloosterstraat(Kin) 23
3640 Kinrooi · FlandreSee on map

Contributed capital

12 700,00 €

Latest accounts

31/12/2025

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities

Joint committees (5)

149
14901
200
201
218

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityGood 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		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	25,7 k €	-25.0%	34,3 k €	+294%	8,7 k €	-80.1%	43,7 k €	-39.2%	72 k €	-25.3%	96,4 k €	+25.7%	76,6 k €	-3.4%	79,3 k €	-24.1%	104,5 k €	+20.7%	86,6 k €	-21.3%	110,1 k €	+30.3%	84,5 k €	-14.7%	99 k €	-4.9%	104,1 k €	+56.1%	66,7 k €	+74.0%	38,3 k €	+195%	13 k €	+570%	-2,8 k €	-134%	8,2 k €
EBITDA	24,7 k €	-26.0%	33,3 k €	+391%	6,8 k €	-81.4%	36,6 k €	+27.5%	28,7 k €	-14.0%	33,4 k €	+17.0%	28,5 k €	+41.1%	20,2 k €	-64.6%	57,1 k €	+67.4%	34,1 k €	+0.6%	33,9 k €	-9.1%	37,3 k €	-23.8%	48,9 k €	+19.7%	40,9 k €	+249%	11,7 k €	-26.3%	15,9 k €	+28.9%	12,3 k €	+503%	-3,1 k €	-143%	7,2 k €
Operating result	10,2 k €	-46.6%	19,1 k €	+348%	-7,7 k €	-142%	18,2 k €	+128%	8 k €	-38.9%	13,1 k €	+89.2%	6,9 k €	+121%	3,1 k €	-89.0%	28,5 k €	+96.9%	14,5 k €	+36.1%	10,6 k €	-27.1%	14,6 k €	-38.5%	23,7 k €	+4.9%	22,6 k €	+78767%	-28,8 €	-100%	6,5 k €	+76.7%	3,7 k €	+137%	-10,1 k €	-502%	2,5 k €
Net result	2,2 k €	-77.4%	9,9 k €	+162%	-16,1 k €	-321%	7,3 k €	+344%	1,6 k €	+215%	520,7 €	-77.1%	2,3 k €	+224%	-1,8 k €	-112%	14,8 k €	+236%	4,4 k €	+121%	-20,7 k €	-722%	3,3 k €	-63.8%	9,2 k €	+24.8%	7,4 k €	+207%	-6,9 k €	-622%	1,3 k €	+1010%	-144,6 €	+99.0%	-14,2 k €	-1231%	1,3 k €
Balance sheet
Equity	33,2 k €	+7.2%	30,9 k €	+47.0%	21 k €	-43.3%	37,1 k €	+24.4%	29,8 k €	+5.8%	28,2 k €	+6.0%	26,6 k €	+9.3%	24,3 k €	-7.0%	26,2 k €	+130%	11,4 k €	+62.8%	7 k €	-74.7%	27,7 k €	+13.6%	24,4 k €	+60.5%	15,2 k €	+94.1%	7,8 k €	-4.4%	8,2 k €	+19.2%	6,9 k €	-2.1%	7 k €	-67.0%	21,2 k €
Total assets	93,3 k €	+3.5%	90,1 k €	-3.8%	93,7 k €	-28.9%	131,7 k €	-16.1%	157 k €	+8.2%	145,1 k €	-44.3%	260,7 k €	+104%	127,7 k €	-26.0%	172,6 k €	-3.7%	179,3 k €	+13.2%	158,4 k €	-25.8%	213,5 k €	-36.8%	337,7 k €	+58.2%	213,5 k €	+10.6%	193 k €	+6.8%	180,7 k €	+96.8%	91,8 k €	+2.2%	89,9 k €	+134%	38,5 k €
Cash	1,1 k €	-89.5%	10,2 k €	+464%	1,8 k €	-93.1%	26,4 k €	+35.9%	19,4 k €	+26.1%	15,4 k €	-90.3%	158,4 k €	+279635%	56,6 €	-99.6%	15,9 k €	-43.7%	28,3 k €	+132%	12,2 k €	+26.3%	9,7 k €	-82.8%	56,4 k €	+55.8%	36,2 k €	+1058%	3,1 k €	+2817%	107,2 €	-92.8%	1,5 k €	-83.2%	8,9 k €	+513%	1,5 k €
Debts	58,8 k €	+0.9%	58,3 k €	-19.3%	72,2 k €	-23.6%	94,5 k €	-21.8%	120,9 k €	+11.8%	108,2 k €	+10.8%	97,6 k €	-5.0%	102,7 k €	-14.6%	120,2 k €	-14.2%	140,1 k €	-7.2%	151,1 k €	+11.8%	135,1 k €	-28.1%	187,9 k €	-4.7%	197,1 k €	+6.5%	185,1 k €	+7.4%	172,4 k €	+103%	84,9 k €	+2.5%	82,8 k €	+385%	17,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,1 ETP	-8.3%	1,2 ETP	+20.0%	1,0 ETP		–		0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	+150%	0,4 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

INGRID BOONEN

Director

Active

LUC LEYSSENS

Director

Active

Ended mandates

Luc Leyssens

Manager · since 30 juillet 2004

Ended

Luc Leyssens

Director · since 15 juillet 2004

Ended

Luc Leyssens

Manager · since 15 juillet 2004

Ended

Luc Leyssens

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	16/07/2026	17/07/2025	12/07/2024	31/08/2023	24/08/2022	29/10/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	05/06/2023	07/06/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	16/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	17/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	12/07/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	24/08/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	29/10/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	14/07/2020	Dutch	PDF
Micro model	31/12/2018	28/09/2019	30/09/2019	Dutch	PDF
Micro model	31/12/2017	27/07/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	27/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	15/09/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	17/05/2016	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	23/12/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	10/11/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	02/08/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	04/05/2009	20/05/2009	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 2 active · 4 ended

Active mandates

INGRID BOONEN

Director

Active

LUC LEYSSENS

Director

Active

Ended mandates

Luc Leyssens

Manager · since 30 juillet 2004

Ended

Luc Leyssens

Director · since 15 juillet 2004

Ended

Luc Leyssens

Manager · since 15 juillet 2004

Ended

Luc Leyssens

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/02/2022
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other09/08/2004
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 20252,2 k €↓
2024
Annual accounts 20249,9 k €↑
2023
Annual accounts 2023-16,1 k €↓
2022
Annual accounts 20227,3 k €↑
2021
Annual accounts 20211,6 k €↑
2020
Annual accounts 2020520,7 €↓
2018
Annual accounts 20182,3 k €↑
2017
Annual accounts 2017-1,8 k €↓
2016
Annual accounts 201614,8 k €↑
2015
Annual accounts 20154,4 k €↑
2014
Annual accounts 2014-20,7 k €↓
2013
Annual accounts 20133,3 k €↓
2012
Annual accounts 20129,2 k €↑
2011
Annual accounts 20117,4 k €↑
2010
Annual accounts 2010-6,9 k €↓
2009
Annual accounts 20091,3 k €↑
2008
Annual accounts 2008-144,6 €↑
2007
Annual accounts 2007-14,2 k €↓
2006
Annual accounts 20061,3 k €
30/07/2004
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

LUCINE

Overview

What does LUCINE do?

Trend over 19 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