ACTIVE

LHD

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Financial year 2025 · closed on 31/12/2025

Net result

447,6 k €

+29.5% YoY

Gross margin

148,7 k €

-19.1% YoY

Equity

1,9 M €

-23.5% YoY

What does LHD do?

LHD is a Private limited company incorporated in 2005. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.613.168

Incorporation

21/06/2005

Legal form

Private limited company

Registered office

Terbekehofdreef 41 box 101
2610 Antwerpen · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	148,7 k €	-19.1%	183,8 k €	+21.1%	151,8 k €	+50.4%	101 k €	+0.5%	100,5 k €	+706%	12,5 k €	-93.4%	188,1 k €	+161%	72,1 k €	-3.6%	74,8 k €	-77.6%	333,5 k €	-38.2%	540,1 k €	+226%	165,7 k €	+187%	57,8 k €	+78.6%	32,4 k €	-91.6%	383,7 k €	+49.2%	257,1 k €	+21.1%	212,2 k €	+29.2%	164,3 k €	+20.1%	136,8 k €	+146%	55,7 k €
EBITDA	125,9 k €	-22.1%	161,5 k €	+26.1%	128,1 k €	+59.8%	80,1 k €	+31.9%	60,7 k €	+220%	-50,7 k €	-130%	171,1 k €	+294%	43,4 k €	-17.1%	52,3 k €	-81.2%	277,8 k €	-33.9%	420,1 k €	+466%	74,2 k €	+55.5%	47,7 k €	+70.2%	28,1 k €	-80.6%	144,8 k €	+28.7%	112,5 k €	+49.8%	75,1 k €	+25.7%	59,7 k €	+361%	13 k €	+309%	-6,2 k €
Operating result	73,7 k €	-32.9%	109,8 k €	+43.3%	76,6 k €	+186%	26,8 k €	+5383%	488,5 €	+100%	-101,1 k €	-184%	120,7 k €	+724%	-19,3 k €	+86.3%	-140,7 k €	-158%	241,4 k €	-37.2%	384,3 k €	+727%	46,5 k €	+124%	20,7 k €	+169%	-29,9 k €	-127%	111 k €	+44.4%	76,8 k €	+32.2%	58,1 k €	+15.8%	50,2 k €	+442%	-14,7 k €	+53.2%	-31,3 k €
Net result	447,6 k €	+29.5%	345,6 k €	+67.3%	206,6 k €	+9.9%	188 k €	-40.7%	317,2 k €	+296%	80,2 k €	-78.2%	367,3 k €	+290%	94,2 k €	+167%	-140,4 k €	-135%	396 k €	-28.1%	551 k €	+18.4%	465,5 k €	+141%	193,3 k €	+525%	-45,5 k €	-161%	74,4 k €	+75.9%	42,3 k €	+13.1%	37,4 k €	-25.9%	50,5 k €	+327%	-22,2 k €	+31.4%	-32,4 k €
Balance sheet
Equity	1,9 M €	-23.5%	2,5 M €	+2.9%	2,5 M €	+9.2%	2,3 M €	+9.1%	2,1 M €	+18.1%	1,8 M €	-4.3%	1,8 M €	+25.1%	1,5 M €	+6.8%	1,4 M €	-9.3%	1,5 M €	+35.6%	1,1 M €	+98.2%	561,3 k €	+486%	95,8 k €	-6.5%	102,5 k €	-30.7%	148 k €	+54.8%	95,6 k €	+79.4%	53,3 k €	+236%	15,9 k €	+146%	-34,6 k €	-179%	-12,4 k €
Total assets	4,5 M €	+3.8%	4,4 M €	+2.7%	4,3 M €	+2.4%	4,2 M €	+0.6%	4,1 M €	+9.8%	3,8 M €	+12.1%	3,4 M €	+6.8%	3,1 M €	+0.2%	3,1 M €	+43.8%	2,2 M €	+13.3%	1,9 M €	+15.2%	1,7 M €	+56.8%	1,1 M €	+17.2%	910,2 k €	+11.6%	815,6 k €	+13.3%	719,6 k €	+210%	232,2 k €	+54.6%	150,2 k €	+20.7%	124,4 k €	+4.6%	118,9 k €
Cash	54,6 k €	+47.9%	36,9 k €	+753%	4,3 k €	-88.2%	36,8 k €	-66.3%	109,2 k €		–		319,4 k €	-15.5%	377,9 k €	+15.7%	326,7 k €	-19.7%	407 k €	-39.4%	671,5 k €	+1907%	33,5 k €	-38.2%	54,1 k €	+206%	17,7 k €	-25.4%	23,7 k €		–		9,5 k €	-59.9%	23,6 k €	+729%	2,9 k €	-71.1%	9,9 k €
Debts	2,6 M €	+40.8%	1,8 M €	+2.9%	1,8 M €	-5.7%	1,9 M €	-7.9%	2,1 M €	+2.6%	2 M €	+31.1%	1,5 M €	-9.0%	1,7 M €	-4.9%	1,8 M €	+168%	662,3 k €	-18.8%	815,8 k €	-26.7%	1,1 M €	+14.5%	971,3 k €	+20.3%	807,7 k €	+22.0%	662 k €	+6.7%	620,1 k €	+253%	175,8 k €	+30.9%	134,3 k €	-15.5%	159 k €	+21.1%	131,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		5,9 ETP	+43.9%	4,1 ETP	+17.1%	3,5 ETP	+12.9%	3,1 ETP	-6.1%	3,3 ETP	+154%	1,3 ETP

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 · 1 active · 6 ended

Active mandates

Jeroen Lenaerts

Director

Active

Ended mandates

Jeroen Lenaerts

Mandate

Ended

Jeroen Lenaerts

Manager

Ended

Katrien Lenaerts

Manager · until 29 septembre 2011

Ended

Katrien Lenaerts

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
HAMILTON BRIGHT● Active	0480.099.223
JURISS● Active	0502.659.641
LENAERTS● Active	0839.890.633
Lenaerts BTW eenheid● Active	0539.984.449
LENAERTS RE● Active	0759.848.312

Annual accounts

Full financial information

	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	17/07/2026	27/08/2025	23/08/2024	30/08/2023	29/07/2022	31/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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	05/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	23/08/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	29/10/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	08/09/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	05/08/2011	11/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	23/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	04/07/2008	01/08/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	17/07/2007	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 · 1 active · 6 ended

Active mandates

Jeroen Lenaerts

Director

Active

Ended mandates

Jeroen Lenaerts

Mandate

Ended

Jeroen Lenaerts

Manager

Ended

Katrien Lenaerts

Manager · until 29 septembre 2011

Ended

Katrien Lenaerts

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office03/04/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Mandates27/03/2014
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Other08/02/2012
DIVERSEN
PDF
Mandates14/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/06/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/08/2005
ONTSLAGEN - BENOEMINGEN
PDF
Other30/06/2005
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 2025447,6 k €↑
2024
Annual accounts 2024345,6 k €↑
2023
Annual accounts 2023206,6 k €↑
2022
Annual accounts 2022188 k €↓
2021
Annual accounts 2021317,2 k €↑
2020
Annual accounts 202080,2 k €↓
2019
Annual accounts 2019367,3 k €↑
2018
Annual accounts 201894,2 k €↑
2017
Annual accounts 2017-140,4 k €↓
2016
Annual accounts 2016396 k €↓
2015
Annual accounts 2015551 k €↑
2014
Annual accounts 2014465,5 k €↑
2013
Annual accounts 2013193,3 k €↑
2012
Annual accounts 2012-45,5 k €↓
2011
Annual accounts 201174,4 k €↑
2010
Annual accounts 201042,3 k €↑
2009
Annual accounts 200937,4 k €↓
2008
Annual accounts 200850,5 k €↑
2007
Annual accounts 2007-22,2 k €↑
2006
Annual accounts 2006-32,4 k €
21/06/2005
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

LHD

Overview

What does LHD do?

Trend over 20 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