ACTIVE

LEVADE

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Financial year 2025 · closed on 31/12/2025

Net result

184,0 €

-96.6% YoY

Revenue

20,7 k €

-31.3% YoY

Equity

210,1 k €

+0.1% YoY

What does LEVADE do?

LEVADE is a Public limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Merelbeke-Melle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.421.213

Incorporation

24/09/2004

Legal form

Public limited company

Registered office

Poelstraat 64A
9820 Merelbeke-Melle · FlandreSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2018		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Revenue	20,7 k €	-31.3%	30,2 k €		–		–		–		–		–		–		–		36,6 k €		–		34,2 k €	-14.4%	40,0 k €		–		–		–		–
EBITDA	12,9 k €	-29.0%	18,2 k €	-38.7%	29,7 k €	-6.8%	31,9 k €	+0.3%	31,8 k €	+5.0%	30,3 k €	+6.6%	28,4 k €	+6.6%	26,6 k €	-2.7%	27,4 k €	-2.4%	28,0 k €	+1.1%	27,8 k €	-8.9%	30,5 k €	+3.8%	29,4 k €	-13.8%	34,1 k €	+16.3%	29,3 k €	-13.4%	33,8 k €	+33.1%	25,4 k €
Operating result	184,0 €	-96.7%	5,5 k €	-67.5%	17,0 k €	-11.4%	19,1 k €	+0.6%	19,0 k €	+8.6%	17,5 k €	+19.5%	14,7 k €	+13.7%	12,9 k €	-5.4%	13,6 k €	-2.8%	14,0 k €	+2.1%	13,7 k €	-16.6%	16,5 k €	+0.8%	16,3 k €	-10.3%	18,2 k €	+35.5%	13,4 k €	-28.8%	18,9 k €	+76.7%	10,7 k €
Net result	184,0 €	-96.6%	5,4 k €	-67.2%	16,4 k €	+23.2%	13,3 k €	-12.6%	15,2 k €	-13.1%	17,5 k €	+156%	6,8 k €	+27.3%	5,4 k €	-28.7%	7,5 k €	+8.5%	6,9 k €	+2.3%	6,8 k €	-33.9%	10,3 k €	+185%	3,6 k €	-50.0%	7,2 k €	+823%	781,0 €	-88.9%	7,1 k €	+217%	-6,1 k €
Balance sheet
Equity	210,1 k €	+0.1%	210,0 k €	+2.6%	204,6 k €	+8.7%	188,2 k €	+5.1%	179,1 k €	-1.8%	182,3 k €	+17.7%	154,9 k €	+13.0%	137,1 k €	+4.1%	131,7 k €	+6.1%	124,2 k €	+5.9%	117,3 k €	+10.5%	106,1 k €	+10.7%	95,9 k €	+27.2%	75,3 k €	+10.6%	68,1 k €	+6.6%	63,9 k €	+12.4%	56,9 k €
Total assets	270,3 k €	-3.8%	280,9 k €	-5.0%	295,8 k €	-3.0%	304,8 k €	-4.9%	320,5 k €	-2.5%	328,7 k €	-7.3%	354,5 k €	-7.1%	381,5 k €	-3.6%	395,8 k €	-4.0%	412,2 k €	-3.0%	424,9 k €	-4.2%	443,7 k €	-1.8%	451,6 k €	-3.0%	465,7 k €	-2.5%	477,8 k €	+1.9%	468,8 k €	-0.8%	472,5 k €
Cash	1,1 k €	+55.7%	677,0 €	-83.0%	4,0 k €	+383%	825,0 €	-81.0%	4,3 k €	+198%	1,5 k €	-16.2%	1,7 k €	+41.9%	1,2 k €	+122%	552,0 €	-63.5%	1,5 k €	-31.2%	2,2 k €	-64.3%	6,2 k €	-23.5%	8,1 k €	+134%	3,4 k €	+6.7%	3,2 k €	+206%	1,1 k €	-38.8%	1,7 k €
Debts	58,0 k €	-18.3%	71,0 k €	-22.0%	91,0 k €	-22.0%	116,6 k €	-15.0%	137,2 k €	-6.3%	146,4 k €	-25.7%	197,0 k €	-19.4%	244,4 k €	-7.4%	264,0 k €	-8.3%	288,0 k €	-6.4%	307,6 k €	-8.6%	336,4 k €	-5.4%	355,8 k €	-8.9%	390,4 k €	-4.7%	409,7 k €	+2.8%	398,5 k €	-4.1%	415,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 21 ended

Active mandates

Alain De Ruyck

Mandate

Active

ERIK DE RUYCK

Mandate

Active

Madeleine Van HOVE

Mandate

Active

Ended mandates

Alain De Ruyck

Director · since 21 juin 2010 · until 30 juin 2016

Ended

Erik De Ruyck

Managing director · since 21 juin 2010 · until 30 juin 2016

Ended

Estelle De Ruyck

Director · since 21 juin 2010 · until 30 juin 2016

Ended

Madeleine Van Hove

Director · since 21 juin 2010 · until 30 juin 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro 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	13/07/2026	01/07/2025	21/06/2024	26/06/2023	14/06/2022	30/06/2021
General meeting	26/06/2026	27/06/2025	07/06/2024	16/06/2023	04/06/2022	25/06/2021
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	26/06/2026	13/07/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	01/07/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	26/06/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	24/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	27/06/2018	27/07/2018	Dutch	PDF
Micro model	31/12/2016	30/05/2017	07/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	08/09/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	04/09/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	11/09/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	18/07/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	24/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	12/05/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	25/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 3 active · 21 ended

Active mandates

Alain De Ruyck

Mandate

Active

ERIK DE RUYCK

Mandate

Active

Madeleine Van HOVE

Mandate

Active

Ended mandates

Alain De Ruyck

Director · since 21 juin 2010 · until 30 juin 2016

Ended

Erik De Ruyck

Managing director · since 21 juin 2010 · until 30 juin 2016

Ended

Estelle De Ruyck

Director · since 21 juin 2010 · until 30 juin 2016

Ended

Madeleine Van Hove

Director · since 21 juin 2010 · until 30 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other04/10/2004
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 2025184,0 €↓
2024
Annual accounts 20245,4 k €↓
2023
Annual accounts 202316,4 k €↑
2022
Annual accounts 202213,3 k €↓
2021
Annual accounts 202115,2 k €↓
2020
Annual accounts 202017,5 k €↑
2018
Annual accounts 20186,8 k €↑
2016
Annual accounts 20165,4 k €↓
2015
Annual accounts 20157,5 k €↑
2014
Annual accounts 20146,9 k €↑
2013
Annual accounts 20136,8 k €↓
2012
Annual accounts 201210,3 k €↑
2011
Annual accounts 20113,6 k €↓
2010
Annual accounts 20107,2 k €↑
2009
Annual accounts 2009781,0 €↓
2007
Annual accounts 20077,1 k €↑
2006
Annual accounts 2006-6,1 k €
24/09/2004
IncorporationPublic 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

LEVADE

Overview

What does LEVADE do?

Trend over 17 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