LBG
0897.404.111 · rovalta.com · 21/09/2026
ACTIVE
LBG
Financial year 2025 · closed on 31/12/2025
Net result
4,5 k €
+50.1% YoY
Gross margin
-1,7 k €
+26.0% YoY
Equity
255,3 k €
+1.8% YoY
Overview
What does LBG do?
LBG is a Private company with limited liability incorporated in 2008. Its main activity is: Research and experimental development on social sciences and humanities. Its registered office is in Grimbergen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0897.404.111
Incorporation
21/04/2008
Legal form
Private company with limited liability
Registered office
Ringlaan 39
1853 Grimbergen · FlandreSee on map
1853 Grimbergen · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
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Financials
Trend over 16 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||
| Gross margin | -1,7 k € | +26.0% | -2,3 k € | -103% | 84,9 k € | -47.3% | 161,2 k € | +199% | 53,9 k € | +414% | 10,5 k € | +44.8% | 7,2 k € | -31.8% | 10,6 k € | +1960% | -571,1 € | -103% | 16,7 k € | +150% | 6,7 k € | +30.5% | 5,1 k € | -62.3% | 13,5 k € | -80.3% | 68,9 k € | -12.8% | 79 k € | +266% | 21,5 k € |
| EBITDA | -2,1 k € | +28.5% | -2,9 k € | -103% | 84,5 k € | -47.5% | 160,9 k € | +202% | 53,3 k € | +408% | 10,5 k € | +47.5% | 7,1 k € | -29.7% | 10,1 k € | +1193% | -926,6 € | -106% | 16,3 k € | +159% | 6,3 k € | +52.7% | 4,1 k € | -67.4% | 12,7 k € | -81.4% | 68,4 k € | -12.9% | 78,5 k € | +267% | 21,4 k € |
| Operating result | -2,1 k € | +28.5% | -2,9 k € | -104% | 82,9 k € | -47.7% | 158,7 k € | +211% | 51,1 k € | +934% | 4,9 k € | +133% | 2,1 k € | -79.1% | 10,1 k € | +279% | -5,6 k € | -149% | 11,6 k € | +576% | 1,7 k € | +590% | -351 € | -104% | 8,1 k € | -87.3% | 63,7 k € | -13.9% | 74 k € | +303% | 18,3 k € |
| Net result | 4,5 k € | +50.1% | 3 k € | -95.1% | 60,3 k € | -43.8% | 107,3 k € | +209% | 34,7 k € | +932% | 3,4 k € | +1780% | -200,3 € | -103% | 7,5 k € | +216% | -6,4 k € | -203% | 6,3 k € | +1090% | 528,3 € | +151% | -1 k € | -123% | 4,4 k € | -89.4% | 41,8 k € | -11.5% | 47,2 k € | +340% | 10,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||
| Equity | 255,3 k € | +1.8% | 250,8 k € | +1.2% | 247,8 k € | +32.2% | 187,5 k € | +134% | 80,2 k € | +179% | 28,8 k € | +13.3% | 25,4 k € | -0.8% | 25,6 k € | +41.5% | 18,1 k € | -26.3% | 24,5 k € | +34.4% | 18,2 k € | +3.0% | 17,7 k € | -5.5% | 18,7 k € | +31.0% | 14,3 k € | -79.7% | 70,3 k € | +204% | 23,1 k € |
| Total assets | 297,7 k € | -2.2% | 304,5 k € | -25.1% | 406,7 k € | +27.0% | 320,3 k € | +135% | 136,5 k € | +47.4% | 92,6 k € | +66.3% | 55,7 k € | +75.3% | 31,8 k € | -25.7% | 42,8 k € | -16.3% | 51,1 k € | +22.7% | 41,6 k € | +2.1% | 40,8 k € | +39.6% | 29,2 k € | -76.4% | 123,7 k € | +42.2% | 87 k € | +94.2% | 44,8 k € |
| Cash | 674,3 € | -95.7% | 15,7 k € | -73.9% | 60,2 k € | +12275% | 486,4 € | -89.8% | 4,8 k € | -15.9% | 5,7 k € | +148% | 2,3 k € | -7.5% | 2,5 k € | -92.6% | 33,5 k € | -5.3% | 35,4 k € | +133% | 15,2 k € | +33.6% | 11,4 k € | -21.8% | 14,6 k € | -43.9% | 26 k € | -54.5% | 57 k € | +239% | 16,8 k € |
| Debts | 42,4 k € | -21.0% | 53,7 k € | -66.2% | 158,9 k € | +19.6% | 132,8 k € | +136% | 56,4 k € | -11.7% | 63,9 k € | +111% | 30,3 k € | +391% | 6,2 k € | -74.0% | 23,7 k € | -7.7% | 25,7 k € | +14.1% | 22,5 k € | -2.3% | 23,1 k € | +120% | 10,5 k € | -90.4% | 109,3 k € | +558% | 16,6 k € | -23.2% | 21,6 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 5 ended
Active mandates
Gino Lescrauwaet
ActiveEnded mandates
Gino Lescrauwaet
EndedRobert Mertens
EndedRobert Mertens
EndedGino LESCRAUWAERT
EndedAt this address
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 14/07/2026 | 26/09/2025 | 22/08/2024 | 10/08/2023 | 05/09/2022 | 02/08/2021 |
| General meeting | 22/05/2026 | 23/05/2025 | 24/05/2024 | 26/05/2023 | 30/06/2022 | 28/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
18 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 22/05/2026 | 14/07/2026 | Dutch | |
| Micro model | 31/12/2024 | 23/05/2025 | 26/09/2025 | Dutch | |
| Micro model | 31/12/2023 | 24/05/2024 | 22/08/2024 | Dutch | |
| Micro model | 31/12/2022 | 26/05/2023 | 10/08/2023 | Dutch | |
| Micro model | 31/12/2021 | 30/06/2022 | 05/09/2022 | Dutch | |
| Micro model | 31/12/2020 | 28/05/2021 | 02/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 21/09/2020 | 08/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 24/05/2019 | 23/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 16/01/2019 | 21/01/2019 | Dutch | |
| Micro model | 31/12/2016 | 26/05/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 01/05/2016 | 14/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 22/05/2015 | 16/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 23/05/2014 | 22/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 30/06/2013 | 01/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 30/06/2012 | 13/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 15/04/2011 | 20/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 28/05/2010 | 16/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/06/2009 | 13/07/2009 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 5 ended
Active mandates
Gino Lescrauwaet
ActiveEnded mandates
Gino Lescrauwaet
EndedRobert Mertens
EndedRobert Mertens
EndedGino LESCRAUWAERT
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20254,5 k €↑
- 2024Annual accounts 20243 k €↓
- 2023Annual accounts 202360,3 k €↓
- 2022Annual accounts 2022107,3 k €↑
- 2021Annual accounts 202134,7 k €↑
- 2018Annual accounts 20183,4 k €↑
- 2017Annual accounts 2017-200,3 €↓
- 2016Annual accounts 20167,5 k €↑
- 2015Annual accounts 2015-6,4 k €↓
- 2014Annual accounts 20146,3 k €↑
- 2013Annual accounts 2013528,3 €↑
- 2012Annual accounts 2012-1 k €↓
- 2011Annual accounts 20114,4 k €↓
- 2010Annual accounts 201041,8 k €↓
- 2009Annual accounts 200947,2 k €↑
- 2008Annual accounts 200810,7 k €
- 21/04/2008IncorporationPrivate company with limited liability