Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LHOIST from Ottignies-Louvain-la-Neuve, company number BE0459399522, closed financial year 2025 with a result of € 776.9 million after tax. For that financial year LHOIST recorded revenue of € 674.6 million and equity of € 1.3 billion. Compared with financial year 2023, the result moved from € 1 billion to € 776.9 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 1.3 billion
▲ 61% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 776.9 million
▼ 25% vs 2023
Profit after tax over the fiscal year.
€ 77,039
▼ 14% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 410 million paid out
53 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
107
▲ 11 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 34.4 million
▲ 27% vs 2023
€ 321,600 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.
€ 249,665
▼ 4% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 500 million
▼ 73% vs 2023
Loans from banks and other lenders, long and short.
€ 24.9 million
▲ 42% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 18 days on average.
€ 8.2 million
▼ 29% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 135,387,656 | € 151,649,334 | € 117,122,091 | € 674,626,725 | ▲ € 557.5 million |
| Profit after taxes | € 105,076,834 | € 208,318,888 | € 1,037,265,860 | € 776,869,898 | ▼ 25% |
| Equity | € 460,529,256 | € 638,158,072 | € 825,423,933 | € 1,326,149,825 | ▲ 61% |
| Total debts | € 479,676,232 | € 1,426,513,064 | € 2,015,337,207 | € 785,777,905 | ▼ 61% |
| Cash | € 140,513 | € 86,038 | € 89,780 | € 77,039 | ▼ 14% |
| Land & buildings | € 4,111,685 | € 4,055,594 | € 4,002,012 | € 3,901,931 | ▼ 3% |
| Retained profit | € 455,429,967 | € 633,058,783 | € 820,324,644 | € 1,321,050,536 | ▲ 61% |
| Dividend | € 129,190,589 | € 30,690,072 | € 850,000,000 | € 410,000,000 | ▼ 52% |
| Bank debt | € 400,000,000 | € 1,389,000,000 | € 1,857,000,000 | € 500,000,000 | ▼ 73% |
| Balance sheet total | € 947,488,081 | € 2,076,423,499 | € 2,858,452,112 | € 2,133,810,682 | ▼ 25% |
| Employees (FTE) | 95.7 | 92.8 | 96 | 107 | ▲ 11 |
Key figures of LHOIST, fiscal years 2021 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 LHOIST?
What happened at LHOIST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Valentine BERGHMANS stepped down as director. NBB
- Vincent BERGHMANS stepped down as director. NBB
- Jean-Marc ETLIN stepped down as director. NBB
- BERGHMANS BARON stepped down as director. NBB
- Marcos de AZEVEDO FERREIRA FRANCA stepped down as director. NBB
- Michel TILMANT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 776.9 million (▼ 25% vs 2023). Source: NBB ↗
- Elisabeth van der VAEREN stepped down as director. NBB
In short
From € 105.1 million profit in 2021 to € 776.9 million profit in 2025.
Paid € 10.9 million in corporate taxes since 2021.
Best year ever: 2023, with € 1 billion profit.
Paid out € 1.4 billion in dividends to the owners in total.
Management
It owns 100% of LHOIST SINGAPORE PRIVATE LIMITED, 100% of LHOIST RECHERCHE ET DEVELOPPEMENT, 100% of LATCALINSA S.L.U., 100% of LHOIST NORDIC AB, 100% of DOLOMIES DE MARCHE-LES-DAMES and 50% of NEDMAG HOLDING BV itself.
Directors
According to the 2025 annual accounts
Elisabeth van der VAEREN
Director
· until 2026
Valentine BERGHMANS
Director
since 2025 · until 2028
Pierre GURDJIAN
Director
· until 2026
· until 2028
Jean-Marc ETLIN
Director
· until 2028
BERGHMANS BARON
Président Honoraire du Conseil d'Administration
· until 2028
· until 2026
Anne Marianne FENTENER van VLISSINGEN
Director
· until 2026
Monique FORGET LEROUX
Director
· until 2026
Marcos de AZEVEDO FERREIRA FRANCA
Chairman of the board
Also active at: LHOIST RECHERCHE ET DEVELOPPEMENT
· until 2028
Michel TILMANT
Director
· until 2028
Establishments
Establishment units
Physical locations of this company
Rue Charles Dubois 28
1342 Ottignies-Louvain-la-Neuve
Rue de l'Industrie 31
1400 Nivelles
Active since 17 June 2014
Rue Granbonpré 11
1435 Mont-Saint-Guibert
Active since 21 December 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →DOLOMIE DE VILLERS-LE-GAMBON same network
€ 5.2 million revenue · 2025
CARRIERES ET FOURS A CHAUX DUMONT-WAUTIER
€ 152 million revenue · 2025
IMMO SCLERMONT
€ 15,154 revenue · 2025
DOMAINE DE HOYOUX S.A.
€ -19,508 gross margin · 2025
Immobilière Saint-Michel same network
€ 94,520 gross margin · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.399.522
- VAT number
- BE 0459.399.522
- Registered office
- Rue Charles Dubois 28, 1342 Ottignies-Louvain-la-Neuve
- Names & denominations
- LHOIST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1996
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
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