Financials
Financial year 2025
ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIE from Chimay, company number BE0401722827, closed financial year 2025 with a result of € 419,175 after tax. For that financial year ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIE recorded revenue of € 4.8 million and equity of € 6.3 million. Compared with financial year 2024, the result moved from € 482,072 to € 419,175. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 6.3 million
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 419,175
▼ 13% vs 2024
Profit after tax over the fiscal year.
€ 1,092
▲ 234% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
40.7
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▲ 6% vs 2024
€ 60,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.4 million
▼ 21% vs 2024
Of which on lease € 1.1 million.
Debts at end 2025
€ 1.2 million
▼ 26% vs 2024
€ 404,937 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 277,747
▲ € 220,282 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 65 days on average.
€ 459,516
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,242,459 | € 4,604,815 | € 4,707,665 | € 4,830,488 | ▲ 3% |
| Profit after taxes | € 35,652 | € 453,758 | € 482,072 | € 419,175 | ▼ 13% |
| Equity | € 7,373,708 | € 7,827,466 | € 8,309,538 | € 6,303,714 | ▼ 24% |
| Total debts | € 2,125,698 | € 2,129,035 | € 2,020,216 | € 4,326,755 | ▲ 114% |
| Cash | € 318 | € 505 | € 327 | € 1,092 | ▲ 234% |
| Retained profit | € 6,823,708 | € 7,277,466 | € 7,759,538 | € 5,753,714 | ▼ 26% |
| Dividend | € 0 | € 0 | € 0 | € 2,425,000 | |
| Bank debt | € 1,626,525 | € 1,562,794 | € 1,565,233 | € 1,164,493 | ▼ 26% |
| Balance sheet total | € 9,499,407 | € 9,956,501 | € 10,329,754 | € 10,630,469 | ▲ 3% |
| Employees (FTE) | 49 | 43.8 | 41.3 | 40.7 | ▼ 0.6 |
Key figures of ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIE?
What happened at ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SCS VEDEX Management stepped down as director. NBB
- Philippe DOCX stepped down as director. NBB
- Pierre DENIS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 419,175 (▼ 13% vs 2024). Source: NBB ↗
- SCS VEDEX Management became a director. NBB
- Pierre DENIS became a director. NBB
- Philippe DOCX became a director. NBB
- New establishment in Nivelles. KBO
In short
From € 35,652 profit in 2022 to € 419,175 profit in 2025.
Paid € 559,776 in corporate taxes since 2022.
Best year ever: 2024, with € 482,072 profit.
Paid out € 2.4 million in dividends to the owners in total.
Management
The stake of Eurobus Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIEThe shares are held by Eurobus Holding (98.8%).
Directors
According to the 2025 annual accounts
Philippe DOCX
Director
Also active at: Cintra, SATRACOM, Etablissements François Cardona & Deltenre, Société anomyme des autobus régionaux, Transports Penning, Les Voyages François Lenoir, EUROBUSSING WALLONIE, SOPHIBUS +1 more
since 2024 · until 2027
Pierre DENIS
Director
Also active at: Cintra, Garage du Perron, T.C.M. Cars, SATRACOM, Keolis Travel, Compagnie des Autobus liégeois, Van Rompaye, Etablissements François Cardona & Deltenre +15 more
since 2024 · until 2027
Director · represented by Philippe DETRIXHE
Also active at: Cintra, Garage du Perron, T.C.M. Cars, SATRACOM, Compagnie des Autobus liégeois, Société anomyme des autobus régionaux, TAXIS MELKIOR
since 2025 · until 2028
Shareholders
98.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Poucet(BOU) 7
6464 Chimay
Rue du Travail 3A
1400 Nivelles
Active since 1 October 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.722.827
- VAT number
- BE 0401.722.827
- Registered office
- Rue Poucet(BOU) 7, 6464 Chimay
- Names & denominations
- ETABLISSEMENTS GEORGES LIENARD ET COMPAGNIE · Autobus Lienard
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1944
- Peppol
- Active · Active since 29 Dec 2023
- Activities · NACE
Personenvervoer over de weg volgens dienstregeling
Overig personenvervoer volgens een dienstregeling
Stedelijk en voorstedelijk personenvervoer
Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment
Logistieke diensten
Douaneagentschappen
Groothandel in granen, zaden en diervoeders
Overige vervoerondersteunende activiteiten