ACTIVE

LERN APPREND

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Financial year 2025 · closed on 30/06/2025

Net result

-24,1 k €

-182.6% YoY

Gross margin

-11,2 k €

-50.2% YoY

Equity

1,1 M €

+0.5% YoY

What does LERN APPREND do?

LERN APPREND is a Cooperative company with limited liability incorporated in 2008. Its main activity is: Production of electricity. Its registered office is in Bütgenbach.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0897.256.829

Incorporation

08/04/2008

Legal form

Cooperative company with limited liability

Registered office

Zur Domäne 21
4750 Bütgenbach · WallonieSee on map

Contributed capital

1 313 500,00 €

Latest accounts

30/06/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 20150Manufacture of fertilisers and nitrogen compounds 20150Manufacture of fertilisers and nitrogen compounds 35210Manufacture of gas 35210Manufacture of gas

Signals

Solid equity

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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		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-11,2 k €	-50.2%	-7,4 k €	-1377%	-503 €	+96.1%	-13 k €	-1938%	706,7 €	+108%	-8,5 k €	-115%	57,5 k €	+389%	-19,9 k €	-60.9%	-12,4 k €	-6.6%	-11,6 k €	+73.3%	-43,5 k €	-69.4%	-25,7 k €	-322%	-6,1 k €	+71.7%	-21,6 k €	-2308%	976,2 €	+116%	-6,1 k €	+93.4%	-91,9 k €
EBITDA	-15,4 k €	-100%	-7,7 k €	-958%	-725,4 €	+94.7%	-13,7 k €	-6449%	-208,9 €	+97.6%	-8,9 k €	-115%	57,3 k €	+376%	-20,7 k €	-64.9%	-12,6 k €	-6.4%	-11,8 k €	+73.9%	-45,3 k €	-75.1%	-25,9 k €	-313%	-6,3 k €	+71.2%	-21,8 k €	-2454%	926,2 €	+115%	-6,3 k €	+93.2%	-91,9 k €
Operating result	-15,4 k €	-100%	-7,7 k €	-958%	-725,4 €	+94.7%	-13,7 k €	-6449%	-208,9 €	+97.6%	-8,9 k €	-116%	54,7 k €	+245%	-37,7 k €	-23.5%	-30,5 k €	-26.1%	-24,2 k €	+56.3%	-55,3 k €	-59.1%	-34,7 k €	-139%	-14,5 k €	+51.8%	-30,2 k €	-244%	-8,8 k €	+32.8%	-13 k €	+86.0%	-93,1 k €
Net result	-24,1 k €	-183%	-8,5 k €	-307%	-2,1 k €	+85.1%	-14,1 k €	-789%	-1,6 k €	+83.1%	-9,4 k €	-117%	54,8 k €	+282%	-30,1 k €	-13.3%	-26,6 k €	-10.1%	-24,1 k €	+43.0%	-42,4 k €	-20.1%	-35,3 k €	-142%	-14,6 k €	+51.6%	-30 k €	-140%	75,8 k €	+684%	-13 k €	+86.0%	-92,5 k €
Balance sheet
Equity	1,1 M €	+0.5%	1,1 M €	-0.7%	1,1 M €	-0.2%	1,2 M €	-1.2%	1,2 M €	-0.1%	1,2 M €	-0.8%	1,2 M €	+3992%	28,8 k €	-49.3%	56,8 k €	-17.5%	68,8 k €	-26.0%	93 k €	-15.8%	110,4 k €	-24.2%	145,7 k €	-9.1%	160,3 k €	-15.8%	190,3 k €	+518%	-45,5 k €	-39.9%	-32,5 k €
Total assets	1,3 M €	+0.3%	1,3 M €	-0.7%	1,4 M €	+2.1%	1,3 M €	+9.0%	1,2 M €	+3.1%	1,2 M €	-1.6%	1,2 M €	+132%	517,4 k €	-4.7%	542,8 k €	-1.0%	548,4 k €	-2.8%	564 k €	-21.7%	720,4 k €	-0.9%	727 k €	-0.6%	731,2 k €	+158%	283 k €	+466%	50 k €	+61.8%	30,9 k €
Cash	164,2 k €	+3.6%	158,6 k €	-21.7%	202,4 k €	+0.6%	201,3 k €	-2.4%	206,1 k €	+0.9%	204,3 k €	-8.3%	222,7 k €	+10.7%	201,2 k €	-4.4%	210,5 k €	-6.7%	225,5 k €	+392%	45,8 k €	+3059%	1,5 k €	-15.6%	1,7 k €	-45.0%	3,1 k €	-54.7%	6,9 k €	-65.7%	20,1 k €	+9.9%	18,3 k €
Debts	200 k €	-1.1%	202,2 k €	-0.7%	203,7 k €	+17.1%	173,9 k €	+245%	50,3 k €	+323%	11,9 k €	-46.6%	22,3 k €	-95.4%	488,6 k €	+0.5%	486 k €	+1.3%	479,6 k €	+1.8%	471 k €	-22.8%	610 k €	+4.9%	581,3 k €	+1.8%	570,9 k €	+516%	92,6 k €	-3.0%	95,5 k €	+50.6%	63,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 10 ended

Active mandates

Roger Gauder

Director · since 08 avril 2009

Active

René Gauder

Director · since 08 avril 2008

Active

Wilfried Heck

Director · since 08 avril 2008

Active

Ended mandates

Roger Gauder

Manager · since 08 avril 2009

Ended

Armin Schell

Director · since 08 avril 2008 · until 19 avril 2024

Ended

Armin Schell

Director · since 08 avril 2008

Ended

Armin Schell

Manager · since 08 avril 2008

Ended

At this address

Other companies at this address

Company	CBE no.
GR SERVICE● Active	0430.374.350

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	21/02/2025	24/01/2024	17/01/2023	07/03/2022	22/02/2021
General meeting	15/01/2026	29/01/2025	22/09/2023	23/12/2022	18/02/2022	29/01/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	15/01/2026	30/01/2026	German	PDF
Micro model	30/06/2024	29/01/2025	21/02/2025	German	PDF
Micro model	30/06/2023	22/09/2023	24/01/2024	German	PDF
Micro model	30/06/2022	23/12/2022	17/01/2023	German	PDF
Micro model	30/06/2021	18/02/2022	07/03/2022	German	PDF
Abridged model	30/06/2020	29/01/2021	22/02/2021	German	PDF
Micro model	30/06/2019	24/10/2019	06/11/2019	German	PDF
Micro model	30/06/2018	31/08/2018	11/09/2018	German	PDF
Micro model	30/06/2017	02/09/2017	31/10/2017	German	PDF
Abridged model	30/06/2016	03/09/2016	28/10/2016	German	PDF
Abridged model	30/06/2015	05/09/2015	19/11/2015	German	PDF
Abridged model	30/06/2014	06/09/2014	17/11/2014	German	PDF
Abridged model	30/06/2013	07/09/2013	06/02/2014	German	PDF
Abridged model	30/06/2012	01/09/2012	29/11/2012	German	PDF
Abridged model	30/06/2011	03/09/2011	13/09/2011	German	PDF
Abridged model	30/06/2010	04/09/2010	16/11/2010	German	PDF
Abridged model	30/06/2009	05/09/2009	19/11/2009	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 3 active · 10 ended

Active mandates

Roger Gauder

Director · since 08 avril 2009

Active

René Gauder

Director · since 08 avril 2008

Active

Wilfried Heck

Director · since 08 avril 2008

Active

Ended mandates

Roger Gauder

Manager · since 08 avril 2009

Ended

Armin Schell

Director · since 08 avril 2008 · until 19 avril 2024

Ended

Armin Schell

Director · since 08 avril 2008

Ended

Armin Schell

Manager · since 08 avril 2008

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/05/2024
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares26/04/2019
KAPITAL - AKTIEN
PDF
Mandates18/02/2019
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares09/02/2011
KAPITAL - AKTIEN - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Other24/04/2008
RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
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 2025-24,1 k €↓
2024
Annual accounts 2024-8,5 k €↓
2023
Annual accounts 2023-2,1 k €↑
2022
Annual accounts 2022-14,1 k €↓
2021
Annual accounts 2021-1,6 k €↑
2020
Annual accounts 2020-9,4 k €↓
2019
Annual accounts 201954,8 k €↑
2018
Annual accounts 2018-30,1 k €↓
2017
Annual accounts 2017-26,6 k €↓
2016
Annual accounts 2016-24,1 k €↑
2015
Annual accounts 2015-42,4 k €↓
2014
Annual accounts 2014-35,3 k €↓
2013
Annual accounts 2013-14,6 k €↑
2012
Annual accounts 2012-30 k €↓
2011
Annual accounts 201175,8 k €↑
2010
Annual accounts 2010-13 k €↑
2009
Annual accounts 2009-92,5 k €
08/04/2008
IncorporationCooperative company with limited liability

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

LERN APPREND

Overview

What does LERN APPREND 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