ACTIVE

EXECON

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Financial year 2025 · closed on 31/12/2025

Net result

26,7 k €

-96.4% YoY

Revenue

28,2 M €

+3.9% YoY

Equity

7,4 M €

+0.4% YoY

Workforce

24,5 ETP

+4.7% YoY

What does EXECON do?

EXECON is a Public limited company incorporated in 2005. Its main activity is: Construction of buildings. Its registered office is in Lummen. It employs on average 24,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.249.725

Incorporation

18/04/2005

Legal form

Public limited company

Registered office

Bosstraat 54 box 6
3560 Lummen · FlandreSee on map

Contributed capital

375 000,00 €

Latest accounts

31/12/2025

Average workforce

24,5 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2014		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	28,2 M €	+3.9%	27,1 M €	+13.6%	23,9 M €	-1.8%	24,3 M €	+24.5%	19,5 M €	+4.4%	18,7 M €	-1.8%	19,0 M €	+25.8%	15,1 M €	+66.2%	9,1 M €	-49.9%	18,2 M €	+35.2%	13,4 M €	+9.2%	12,3 M €	+3.2%	11,9 M €	+6.1%	11,2 M €		–		–		–
EBITDA	24,2 k €	-97.6%	1,0 M €	-17.5%	1,2 M €	-4.3%	1,3 M €	+340%	294,1 k €	-65.1%	842,5 k €	-9.1%	927,3 k €	-38.2%	1,5 M €	+29.7%	1,2 M €	-48.4%	2,2 M €	+59.8%	1,4 M €	+129%	613,0 k €	-12.7%	702,1 k €	-54.3%	1,5 M €	+44.0%	1,1 M €	+127%	468,9 k €	+77.8%	263,7 k €
Operating result	-134,0 k €	-118%	760,4 k €	-19.1%	940,0 k €	-20.7%	1,2 M €	+627%	162,9 k €	-77.7%	731,6 k €	-11.7%	828,1 k €	-41.7%	1,4 M €	+28.9%	1,1 M €	-48.3%	2,1 M €	+65.5%	1,3 M €	+137%	542,7 k €	-9.7%	601,0 k €	-57.4%	1,4 M €	+48.6%	949,9 k €	+163%	360,5 k €	+125%	160,0 k €
Net result	26,7 k €	-96.4%	751,7 k €	-4.0%	783,0 k €	-2.8%	805,9 k €	+211%	258,9 k €	-51.4%	533,0 k €	-37.4%	852,0 k €	-7.5%	921,5 k €	+27.2%	724,6 k €	-48.4%	1,4 M €	+60.2%	876,3 k €	+129%	382,9 k €	-12.8%	439,1 k €	-53.8%	951,3 k €	+44.3%	659,5 k €	+172%	242,5 k €	+105%	118,2 k €
Balance sheet
Equity	7,4 M €	+0.4%	7,4 M €	+0.7%	7,3 M €	+0.5%	7,3 M €	+0.0%	7,3 M €	+3.7%	7,0 M €	+0.5%	7,0 M €	+6.5%	6,6 M €	+63.8%	4,0 M €	+11.8%	3,6 M €	+12.7%	3,2 M €	+13.4%	2,8 M €	+10.1%	2,5 M €	+13.2%	2,3 M €	+49.6%	1,5 M €	+77.1%	849,1 k €	+38.9%	611,3 k €
Total assets	13,5 M €	+13.2%	11,9 M €	-11.4%	13,5 M €	+6.0%	12,7 M €	+7.0%	11,9 M €	+8.1%	11,0 M €	+4.9%	10,5 M €	-2.1%	10,7 M €	+18.6%	9,0 M €	+19.8%	7,5 M €	-4.9%	7,9 M €	+44.6%	5,5 M €	+5.7%	5,2 M €	-40.3%	8,7 M €	+62.5%	5,3 M €	+94.2%	2,8 M €	+42.8%	1,9 M €
Cash	1,4 M €	-34.6%	2,1 M €	+22.0%	1,7 M €	-53.2%	3,7 M €	+204%	1,2 M €	-21.5%	1,6 M €	-48.2%	3,0 M €	+5.9%	2,8 M €	+53.8%	1,8 M €	-32.8%	2,7 M €	+74.9%	1,6 M €	-37.8%	2,5 M €	+12.4%	2,2 M €	-19.4%	2,8 M €	+68.2%	1,7 M €	+79.7%	921,8 k €	+309%	225,6 k €
Debts	6,1 M €	+34.6%	4,6 M €	-26.2%	6,2 M €	+13.3%	5,4 M €	+18.1%	4,6 M €	+16.3%	4,0 M €	+13.4%	3,5 M €	-15.7%	4,1 M €	-17.2%	5,0 M €	+27.4%	3,9 M €	-16.7%	4,7 M €	+78.4%	2,6 M €	+1.3%	2,6 M €	-59.0%	6,4 M €	+65.9%	3,8 M €	+102%	1,9 M €	+45.0%	1,3 M €
Other
Workforce	24,5 ETP	+4.7%	23,4 ETP	+15.3%	20,3 ETP	-4.2%	21,2 ETP	-18.1%	25,9 ETP	-1.1%	26,2 ETP	-9.3%	28,9 ETP	+15.1%	25,1 ETP	-12.5%	28,7 ETP	-6.2%	30,6 ETP	-1.9%	31,2 ETP	+19.5%	26,1 ETP	-12.1%	29,7 ETP	-3.9%	30,9 ETP	-5.8%	32,8 ETP	+4.8%	31,3 ETP	-13.8%	36,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 36 ended

Active mandates

ANV Bouwmanagement

Director · since 15 mai 2025 · until 29 avril 2032 · 0533.753.089

Represented by André Aerts

Active

EDM

Director · since 15 mai 2025 · until 29 avril 2032 · 0479.354.105

Represented by Eddy Hardy

Active

K.L.MANAGEMENT

Director · since 15 mai 2025 · until 29 avril 2032 · 0817.668.527

Represented by Karel Luykx

Active

VDS SERVICES

Director · since 15 mai 2025 · until 29 avril 2032 · 0745.858.041

Represented by Cemal Cifci

Active

Mistral Management

Managing director · since 28 décembre 2020 · until 29 avril 2027 · 0644.684.269

Represented by Michel Vanderstraeten

Active

Ended mandates

K.L.MANAGEMENT

Director · since 01 janvier 2023 · until 26 avril 2029 · 0817.668.527

Represented by Karel Luyckx

Ended

VDS SERVICES

Director · since 01 janvier 2023 · until 26 avril 2029 · 0745.858.041

Represented by Cemal Cifci

Ended

VDS SERVICES

Director · since 01 janvier 2023 · until 26 avril 2029 · 0745.858.041

Represented by Cemal Cifci

Ended

VDS SERVICES

Director · since 28 décembre 2020 · until 15 mars 2021 · 0745.858.041

Represented by NICK WUESTENBERGS

Ended

At this address

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NORRIQ Belgium● Active	0463.318.421
R-PARK● Active	0846.708.545
TRISINVEST● Active	0442.771.742
TRIS LUMMEN● Active	1042.040.217
VANDERSTRAETEN - EXECON● Active	0878.078.444

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	01/07/2026	20/05/2025	30/05/2024	08/05/2023	11/05/2022	17/05/2021
General meeting	30/06/2026	15/05/2025	17/05/2024	27/04/2023	28/04/2022	29/04/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	15/05/2025	20/05/2025	Dutch	PDF
Full model	31/12/2023	17/05/2024	30/05/2024	Dutch	PDF
Full model	31/12/2022	27/04/2023	08/05/2023	Dutch	PDF
Full model	31/12/2021	28/04/2022	11/05/2022	Dutch	PDF
Full model	31/12/2020	29/04/2021	17/05/2021	Dutch	PDF
Full model	31/12/2019	14/04/2020	27/04/2020	Dutch	PDF
Full model	31/12/2018	09/04/2019	17/04/2019	Dutch	PDF
Full model	31/12/2017	10/04/2018	08/05/2018	Dutch	PDF
Full model	31/12/2016	11/04/2017	10/05/2017	Dutch	PDF
Full modelCorrection	31/12/2015	03/05/2016	31/08/2016	Dutch	PDF
Full model	31/12/2015	03/05/2016	25/05/2016	Dutch	PDF
Full model	31/12/2014	14/04/2015	13/05/2015	Dutch	PDF
Full model	30/06/2014	09/12/2014	07/01/2015	Dutch	PDF
Full modelCorrection	30/06/2013	20/12/2013	13/02/2014	Dutch	PDF
Full model	30/06/2013	20/12/2013	16/01/2014	Dutch	PDF
Full model	30/06/2012	11/12/2012	27/12/2012	Dutch	PDF
Full model	30/06/2011	13/12/2011	28/12/2011	Dutch	PDF
Full model	30/06/2010	14/12/2010	14/01/2011	Dutch	PDF
Abridged model	30/06/2009	08/12/2009	17/12/2009	Dutch	PDF
Abridged model	30/06/2008	09/12/2008	11/12/2008	Dutch	PDF
Abridged model	30/06/2007	11/12/2007	14/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 36 ended

Active mandates

ANV Bouwmanagement

Director · since 15 mai 2025 · until 29 avril 2032 · 0533.753.089

Represented by André Aerts

Active

EDM

Director · since 15 mai 2025 · until 29 avril 2032 · 0479.354.105

Represented by Eddy Hardy

Active

K.L.MANAGEMENT

Director · since 15 mai 2025 · until 29 avril 2032 · 0817.668.527

Represented by Karel Luykx

Active

VDS SERVICES

Director · since 15 mai 2025 · until 29 avril 2032 · 0745.858.041

Represented by Cemal Cifci

Active

Mistral Management

Managing director · since 28 décembre 2020 · until 29 avril 2027 · 0644.684.269

Represented by Michel Vanderstraeten

Active

Ended mandates

K.L.MANAGEMENT

Director · since 01 janvier 2023 · until 26 avril 2029 · 0817.668.527

Represented by Karel Luyckx

Ended

VDS SERVICES

Director · since 01 janvier 2023 · until 26 avril 2029 · 0745.858.041

Represented by Cemal Cifci

Ended

VDS SERVICES

Director · since 01 janvier 2023 · until 26 avril 2029 · 0745.858.041

Represented by Cemal Cifci

Ended

VDS SERVICES

Director · since 28 décembre 2020 · until 15 mars 2021 · 0745.858.041

Represented by NICK WUESTENBERGS

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/01/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/05/2020
ONTSLAGEN - BENOEMINGEN
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 202526,7 k €↓
2024
Annual accounts 2024751,7 k €↓
2023
Annual accounts 2023783,0 k €↓
2022
Annual accounts 2022805,9 k €↑
2021
Annual accounts 2021258,9 k €↓
2020
Annual accounts 2020533,0 k €↓
2019
Annual accounts 2019852,0 k €↓
2018
Annual accounts 2018921,5 k €↑
2014
Annual accounts 2014724,6 k €↓
2014
Annual accounts 20141,4 M €↑
2013
Annual accounts 2013876,3 k €↑
2012
Annual accounts 2012382,9 k €↓
2011
Annual accounts 2011439,1 k €↓
2010
Annual accounts 2010951,3 k €↑
2009
Annual accounts 2009659,5 k €↑
2008
Annual accounts 2008242,5 k €↑
2007
Annual accounts 2007118,2 k €
18/04/2005
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

EXECON

Overview

What does EXECON do?

Trend over 17 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