ACTIVE

LIBEL

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Financial year 2025 · closed on 31/12/2025

Net result

1,8 M €

+6.9% YoY

Gross margin

2,7 M €

-0.0% YoY

Equity

15,9 M €

+13.1% YoY

Workforce

0,0 ETP

What does LIBEL do?

LIBEL is a Public limited company incorporated in 2005. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0876.283.746

Incorporation

27/09/2005

Legal form

Public limited company

Registered office

Muizelstraat 20
8560 Wevelgem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,7 M €	-0.0%	2,7 M €	-2.1%	2,8 M €	-3.4%	2,9 M €	-0.2%	2,9 M €	+89.1%	1,5 M €	+54.2%	980,2 k €	-21.4%	1,2 M €	-17.9%	1,5 M €	+50.8%	1,0 M €	+11.8%	899,8 k €	+213%	287,6 k €	+42.1%	202,4 k €	+78.1%	113,7 k €	-32.0%	167,3 k €	+19.4%	140,1 k €	+11.4%	125,7 k €	+9472%	1,3 k €
EBITDA	2,6 M €	-3.2%	2,7 M €	-2.2%	2,7 M €	-3.4%	2,8 M €	-0.4%	2,9 M €	+89.1%	1,5 M €	+54.4%	976,1 k €	-21.4%	1,2 M €	-17.9%	1,5 M €	+51.0%	1,0 M €	+11.9%	896,1 k €	+215%	284,7 k €	+73.7%	163,8 k €	+57.5%	104,0 k €	-34.3%	158,3 k €	+112%	74,5 k €	-40.2%	124,6 k €	+40694%	305,5 €
Operating result	2,4 M €	-3.4%	2,5 M €	-2.5%	2,5 M €	-3.3%	2,6 M €	-1.0%	2,6 M €	+136%	1,1 M €	+48.1%	753,8 k €	-30.1%	1,1 M €	-20.6%	1,4 M €	+58.2%	859,2 k €	+34.2%	640,1 k €	+989%	58,8 k €	-18.2%	71,9 k €	+920%	7,0 k €	-75.3%	28,5 k €	+1339%	2,0 k €	-98.1%	104,9 k €	+233%	-79,0 k €
Net result	1,8 M €	+6.9%	1,7 M €	-1.8%	1,8 M €	-5.7%	1,9 M €	-13.5%	2,2 M €	+205%	706,4 k €	+47.8%	477,9 k €	-28.4%	667,1 k €	-20.0%	834,0 k €	+66.4%	501,3 k €	+44.3%	347,3 k €	+1115%	-34,2 k €	-389%	11,8 k €	+234%	-8,9 k €	-168%	13,1 k €	+3633%	350,0 €	-99.7%	104,2 k €	+232%	-78,9 k €
Balance sheet
Equity	15,9 M €	+13.1%	14,1 M €	+14.0%	12,4 M €	+14.4%	10,8 M €	+20.8%	8,9 M €	+150%	3,6 M €	+24.6%	2,9 M €	-6.8%	3,1 M €	+27.6%	2,4 M €	+52.6%	1,6 M €	+46.2%	1,1 M €	+47.1%	737,4 k €	-4.4%	771,6 k €	+975%	71,8 k €	-11.0%	80,7 k €	+19.3%	67,6 k €	+0.5%	67,2 k €	+497%	-16,9 k €
Total assets	16,8 M €	+14.3%	14,7 M €	+3.7%	14,2 M €	+16.5%	12,2 M €	+16.1%	10,5 M €	+77.4%	5,9 M €	+7.1%	5,5 M €	+8.9%	5,1 M €	+11.0%	4,6 M €	+33.2%	3,4 M €	+15.7%	3,0 M €	+5.3%	2,8 M €	+58.5%	1,8 M €	-12.9%	2,0 M €	-6.8%	2,2 M €	+26.3%	1,7 M €	+137%	732,5 k €	+24.6%	588,0 k €
Cash	508,9 k €	-42.8%	890,3 k €	-72.5%	3,2 M €	+65.9%	1,9 M €	+59.5%	1,2 M €	+479%	211,0 k €	-83.3%	1,3 M €	+32.2%	954,1 k €	+263%	263,2 k €	-62.9%	708,6 k €	+503%	117,5 k €	-35.0%	180,7 k €	+971%	16,9 k €	-65.5%	48,8 k €	-84.4%	313,9 k €	+2068%	14,5 k €	-27.0%	19,8 k €	+69.7%	11,7 k €
Debts	799,7 k €	+47.4%	542,6 k €	-68.7%	1,7 M €	+35.2%	1,3 M €	-11.9%	1,5 M €	-34.6%	2,2 M €	-12.4%	2,5 M €	+35.2%	1,9 M €	-8.0%	2,0 M €	+17.7%	1,7 M €	-2.0%	1,8 M €	-10.1%	2,0 M €	+120%	895,5 k €	-52.7%	1,9 M €	-7.2%	2,0 M €	+27.2%	1,6 M €	+141%	665,2 k €	+10.0%	604,9 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

Leon Brutsaert

Director · since 01 janvier 2026 · until 01 juin 2029

Active

Isabelle Stichelbout

Director

Active

Lieven Brutsaert

Managing director

Active

Ended mandates

Isabelle Stichelbout

Director · since 30 juin 2017 · until 02 juin 2023

Ended

Lieven Brutsaert

Managing director · since 30 juin 2017 · until 02 juin 2023

Ended

Isabelle Stichelbout

Director · since 30 juin 2011 · until 02 juin 2017

Ended

Lieven Brutsaert

Managing director · since 30 juin 2011 · until 02 juin 2017

Ended

At this address

Other companies at this address

Company	CBE no.
BRUSTOR● Active	0435.751.318
LCB IMMO● Active	1015.002.159
LISACO HOLDING● Active	0891.640.925

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	16/07/2026	15/07/2025	18/07/2024	26/07/2023	28/07/2022	16/07/2021
General meeting	26/06/2026	30/06/2025	28/06/2024	13/07/2023	30/06/2022	30/06/2021
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	16/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	15/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	13/07/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	16/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	29/06/2016	12/07/2016	Dutch	PDF
Abridged model	31/12/2014	23/06/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	09/10/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	15/07/2008	Dutch	PDF
Abridged model	31/12/2006	23/06/2007	16/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 10 ended

Active mandates

Leon Brutsaert

Director · since 01 janvier 2026 · until 01 juin 2029

Active

Isabelle Stichelbout

Director

Active

Lieven Brutsaert

Managing director

Active

Ended mandates

Isabelle Stichelbout

Director · since 30 juin 2017 · until 02 juin 2023

Ended

Lieven Brutsaert

Managing director · since 30 juin 2017 · until 02 juin 2023

Ended

Isabelle Stichelbout

Director · since 30 juin 2011 · until 02 juin 2017

Ended

Lieven Brutsaert

Managing director · since 30 juin 2011 · until 02 juin 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/02/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/04/2013
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares18/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/12/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other05/10/2005
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 20251,8 M €↑
2024
Annual accounts 20241,7 M €↓
2023
Annual accounts 20231,8 M €↓
2022
Annual accounts 20221,9 M €↓
2021
Annual accounts 20212,2 M €↑
2018
Annual accounts 2018706,4 k €↑
2017
Annual accounts 2017477,9 k €↓
2016
Annual accounts 2016667,1 k €↓
2015
Annual accounts 2015834,0 k €↑
2014
Annual accounts 2014501,3 k €↑
2013
Annual accounts 2013347,3 k €↑
2012
Annual accounts 2012-34,2 k €↓
2011
Annual accounts 201111,8 k €↑
2010
Annual accounts 2010-8,9 k €↓
2009
Annual accounts 200913,1 k €↑
2008
Annual accounts 2008350,0 €↓
2007
Annual accounts 2007104,2 k €↑
2006
Annual accounts 2006-78,9 k €
27/09/2005
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

LIBEL

Overview

What does LIBEL do?

Trend over 18 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