What is the address of LSIM?

The registered office of LSIM is located at Floridalaan 19, 1180 Ukkel.

Is LSIM still active?

Yes. According to the CBE (29 October 2026) LSIM is active, legal situation “Normale toestand”, started on 11 May 2004.

Is LSIM registered on Peppol?

Yes, LSIM is registered on the Peppol network with ID 0208:0865250985.

What is the enterprise number of LSIM?

The enterprise number of LSIM is BE0865250985.

When was LSIM founded?

LSIM was founded on 11 May 2004.

Who are the directors of LSIM?

According to the 2025 annual accounts, the directors of LSIM are: Wolfgang DE LIMBURG STIRUM.

Is LSIM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 11 May 2004; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did LSIM make in 2025?

LSIM posted a profit after taxes of € 25,610,128 in financial year 2025.

What is the revenue of LSIM?

As a small company, LSIM is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 981,430.

How much does an employee at LSIM earn?

The average wage cost per full-time employee at LSIM was € 29,600 in 2025: staff costs of € 53,283 for 1.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does LSIM have?

According to the 2025 annual accounts, LSIM has 1.8 full-time equivalents (FTE).

LSIM (Public Limited) - Ukkel - BE0865250985

Q: What does LSIM do?

LSIM is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Public Limited, started on 11 May 2004, 1 establishment.

Dossier LSIM, printed on 29 October 2026 from databakkes.be/en/0865250985/lsim. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

LSIM from Ukkel, company number BE0865250985, closed financial year 2025 with a result of € 25.6 million after tax. For that financial year LSIM recorded a gross margin of € 981,430 and equity of € 47.4 million. Compared with financial year 2024, the result moved from € 11 million to € 25.6 million. Profitable, and profit is growing. 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 30, 2026.

What it is worth Growing

€ 47.4 million

▲ 8% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 25.6 million

▲ 132% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 185,313

▼ 63% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 47.4 million.

People and assets in 2025

Full-time equivalents

1.8

▲ 0.8 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 53,283

▲ 82% vs 2024

€ 29,600 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.

Vehicles and equipment

€ 45,944

▲ 92% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 9 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 8 million

▲ 129% vs 2024

€ 907,124 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.

Owed to suppliers

€ 16,537

▼ 90% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 1.2 million

▲ 14% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 633,229 Gross margin 2022: € 633,229 First fiscal year in the series	€ 827,628 Gross margin 2023: € 827,628 ▲ 31% vs 2022 (€ 633,229) Favourable step	€ 840,660 Gross margin 2024: € 840,660 ▲ 2% vs 2023 (€ 827,628) Favourable step	€ 981,430 Gross margin 2025: € 981,430 ▲ 17% vs 2024 (€ 840,660) Favourable step	▲ 17%
Profit after taxes	€ 2,484,976 Profit after taxes 2022: € 2,484,976 First fiscal year in the series	€ 2,392,703 Profit after taxes 2023: € 2,392,703 ▼ 4% vs 2022 (€ 2,484,976) Unfavourable step	€ 11,021,676 Profit after taxes 2024: € 11,021,676 ▲ € 8.6 million vs 2023 (€ 2,392,703) Favourable step	€ 25,610,128 Profit after taxes 2025: € 25,610,128 ▲ 132% vs 2024 (€ 11,021,676) Favourable step	▲ 132%
Equity	€ 8,414,176 Equity 2022: € 8,414,176 First fiscal year in the series	€ 10,806,879 Equity 2023: € 10,806,879 ▲ 28% vs 2022 (€ 8,414,176) Favourable step	€ 44,063,145 Equity 2024: € 44,063,145 ▲ € 33.3 million vs 2023 (€ 10,806,879) Favourable step	€ 47,438,682 Equity 2025: € 47,438,682 ▲ 8% vs 2024 (€ 44,063,145) Favourable step	▲ 8%
Total debts	€ 8,085,557 Total debts 2022: € 8,085,557 First fiscal year in the series	€ 7,871,310 Total debts 2023: € 7,871,310 ▼ 3% vs 2022 (€ 8,085,557) Favourable step	€ 8,619,094 Total debts 2024: € 8,619,094 ▲ 10% vs 2023 (€ 7,871,310) Unfavourable step	€ 9,517,180 Total debts 2025: € 9,517,180 ▲ 10% vs 2024 (€ 8,619,094) Unfavourable step	▲ 10%
Cash	€ 82,297 Cash 2022: € 82,297 First fiscal year in the series	€ 268,156 Cash 2023: € 268,156 ▲ 226% vs 2022 (€ 82,297) Favourable step	€ 497,788 Cash 2024: € 497,788 ▲ 86% vs 2023 (€ 268,156) Favourable step	€ 185,313 Cash 2025: € 185,313 ▼ 63% vs 2024 (€ 497,788) Unfavourable step	▼ 63%
Land & buildings	€ 2,528,778 Land & buildings 2022: € 2,528,778 First fiscal year in the series	€ 2,458,836 Land & buildings 2023: € 2,458,836 ▼ 3% vs 2022 (€ 2,528,778) Unchanged	€ 2,371,078 Land & buildings 2024: € 2,371,078 ▼ 4% vs 2023 (€ 2,458,836) Unchanged	€ 4,014,145 Land & buildings 2025: € 4,014,145 ▲ 69% vs 2024 (€ 2,371,078) Unchanged	▲ 69%
Retained profit	€ 8,352,676 Retained profit 2022: € 8,352,676 First fiscal year in the series	€ 10,745,379 Retained profit 2023: € 10,745,379 ▲ 29% vs 2022 (€ 8,352,676) Favourable step	€ 21,767,054 Retained profit 2024: € 21,767,054 ▲ 103% vs 2023 (€ 10,745,379) Favourable step	€ 47,377,182 Retained profit 2025: € 47,377,182 ▲ 118% vs 2024 (€ 21,767,054) Favourable step	▲ 118%
Bank debt	€ 4,394,254 Bank debt 2022: € 4,394,254 First fiscal year in the series	€ 3,944,082 Bank debt 2023: € 3,944,082 ▼ 10% vs 2022 (€ 4,394,254) Favourable step	€ 3,507,686 Bank debt 2024: € 3,507,686 ▼ 11% vs 2023 (€ 3,944,082) Favourable step	€ 8,027,290 Bank debt 2025: € 8,027,290 ▲ 129% vs 2024 (€ 3,507,686) Unfavourable step	▲ 129%
Balance sheet total	€ 16,499,733 Balance sheet total 2022: € 16,499,733 First fiscal year in the series	€ 18,678,189 Balance sheet total 2023: € 18,678,189 ▲ 13% vs 2022 (€ 16,499,733) Unchanged	€ 52,682,238 Balance sheet total 2024: € 52,682,238 ▲ 182% vs 2023 (€ 18,678,189) Unchanged	€ 56,955,862 Balance sheet total 2025: € 56,955,862 ▲ 8% vs 2024 (€ 52,682,238) Unchanged	▲ 8%
Employees (FTE)	-	1 Employees (FTE) 2023: 1 First fiscal year in the series	1 Employees (FTE) 2024: 1 Unchanged (1) Unchanged	1.8 Employees (FTE) 2025: 1.8 ▲ 0.8 vs 2024 (1) Unchanged	▲ 0.8

Key figures of LSIM, 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 LSIM?

What happened at LSIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 30, 2026 New annual accounts for financial year 2025: profit of € 25.6 million (▲ 132% vs 2024). Source: NBB ↗
May 11, 2004 New establishment in Ukkel. KBO
May 11, 2004 Start of the company according to the CBE. KBO

In short

From € 2.5 million profit in 2022 to € 25.6 million profit in 2025.

Paid € 1.7 million in corporate taxes since 2022.

Best year ever: 2025, with € 25.6 million profit.

On average € 545,200 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Wolfgang DE LIMBURG STIRUM

LSIM

GRIMONSTER 100%

FORMOSA PRESTIGE 50%

APHEON MANAGEMENT 40%

ASOF INVEST 25%

Behind LSIM is Wolfgang DE LIMBURG STIRUM. It owns 100% of GRIMONSTER, 50% of FORMOSA PRESTIGE, 40% of APHEON MANAGEMENT, 25% of ASOF INVEST , 25% of EC V INVEST and 22.5% of AC CONCORDIA INVEST itself.

Directors

According to the 2025 annual accounts

Wolfgang DE LIMBURG STIRUM

Director

Also active at: "IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE " OU " IMMOBILIEN VENNOOTSCHAP VAN BELGIE", GRIMONSTER, Apheon MidCap Buyout III, Apheon MidCap Buyout IV Feeder GP, Apheon MidCap Buyout IV Feeder, Apheon Advisors, Groupement Forestier Immo Ls, Apheon MidCap Buyout I +1 more

Establishments

Establishment units

Physical locations of this company

Registered office

Floridalaan 19

1180 Ukkel

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

MALISTI

€ 67,021 gross margin · 2025

MEJA

Groupement Forestier du Vieux Château same network

€ 181,167 gross margin · 2025

Unité Dewitte

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0865.250.985

VAT number

BE 0865.250.985

Registered office

Floridalaan 19, 1180 Ukkel

Names & denominations

LSIM

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

11 May 2004

Peppol

Active · Active since 22 Dec 2025

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗

LSIM

Warning lights

Financials

What happened to LSIM?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions