LABECO is a wholesaler in Waregem. Private Limited, started on 31 August 2007, 1 establishment.

What is the address of LABECO?

The registered office of LABECO is located at Sprietestraat 326, 8792 Waregem.

Is LABECO still active?

Yes. According to the CBE (30 October 2026) LABECO is active, legal situation “Normale toestand”, started on 31 August 2007.

Is LABECO registered on Peppol?

Yes, LABECO is registered on the Peppol network with ID 0208:0891779297.

What is the enterprise number of LABECO?

The enterprise number of LABECO is BE0891779297.

When was LABECO founded?

LABECO was founded on 31 August 2007.

Who are the directors of LABECO?

According to the 2025 annual accounts, the directors of LABECO are: Gerard Labeeuw, Delta 11 BV.

Is LABECO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 31 August 2007; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did LABECO make in 2025?

LABECO posted a profit after taxes of € 121,740 in financial year 2025.

What is the revenue of LABECO?

In its most recent annual accounts (2025), LABECO reported revenue of € 13,555,312.

How much does an employee at LABECO earn?

The average wage cost per full-time employee at LABECO was € 89,700 in 2025: staff costs of € 1.3 million for 15 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does LABECO have?

According to the 2025 annual accounts, LABECO has 15 full-time equivalents (FTE).

LABECO (Private Limited) - Waregem - BE0891779297

Dossier LABECO, printed on 30 October 2026 from databakkes.be/en/0891779297/labeco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

LABECO from Waregem, company number BE0891779297, closed financial year 2025 with a result of € 121,740 after tax. For that financial year LABECO recorded revenue of € 13.6 million and equity of € 4.2 million. Compared with financial year 2024, the result moved from € 55,466 to € 121,740. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.

What it is worth Growing

€ 4.2 million

▲ 3% vs 2024

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

Profit Growing

€ 121,740

▲ 119% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 90,983

▼ 85% 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 € 4.1 million.

People and assets in 2025

Full-time equivalents

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 1.3 million

▲ 3% vs 2024

€ 89,700 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

€ 207,113

▲ 113% vs 2024

Of which on lease € 177,900.

Debts at end 2025

Bank debt ≈ 97 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.

€ 6.2 million

▼ 33% vs 2024

€ 43,497 is repaid this year. At this pace the long-term loan is gone in ≈ 97 years.

Owed to suppliers

€ 3.3 million

▲ 23% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.

Taxes and wages

€ 335,569

▲ 16% 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
Revenue	€ 29,551,891 Revenue 2022: € 29,551,891 First fiscal year in the series	€ 23,553,933 Revenue 2023: € 23,553,933 ▼ 20% vs 2022 (€ 29,551,891) Unfavourable step	€ 18,036,278 Revenue 2024: € 18,036,278 ▼ 23% vs 2023 (€ 23,553,933) Unfavourable step	€ 13,555,312 Revenue 2025: € 13,555,312 ▼ 25% vs 2024 (€ 18,036,278) Unfavourable step	▼ 25%
Profit after taxes	€ 372,603 Profit after taxes 2022: € 372,603 First fiscal year in the series	€ 12,954 Profit after taxes 2023: € 12,954 ▼ 97% vs 2022 (€ 372,603) Unfavourable step	€ 55,466 Profit after taxes 2024: € 55,466 ▲ € 42,512 vs 2023 (€ 12,954) Favourable step	€ 121,740 Profit after taxes 2025: € 121,740 ▲ 119% vs 2024 (€ 55,466) Favourable step	▲ 119%
Equity	€ 4,044,814 Equity 2022: € 4,044,814 First fiscal year in the series	€ 4,057,768 Equity 2023: € 4,057,768 Unchanged (€ 4,044,814) Favourable step	€ 4,113,234 Equity 2024: € 4,113,234 ▲ 1% vs 2023 (€ 4,057,768) Favourable step	€ 4,234,975 Equity 2025: € 4,234,975 ▲ 3% vs 2024 (€ 4,113,234) Favourable step	▲ 3%
Total debts	€ 18,550,218 Total debts 2022: € 18,550,218 First fiscal year in the series	€ 14,939,543 Total debts 2023: € 14,939,543 ▼ 19% vs 2022 (€ 18,550,218) Favourable step	€ 15,605,387 Total debts 2024: € 15,605,387 ▲ 4% vs 2023 (€ 14,939,543) Unfavourable step	€ 13,363,199 Total debts 2025: € 13,363,199 ▼ 14% vs 2024 (€ 15,605,387) Favourable step	▼ 14%
Cash	€ 52,756 Cash 2022: € 52,756 First fiscal year in the series	€ 401,974 Cash 2023: € 401,974 ▲ € 349,218 vs 2022 (€ 52,756) Favourable step	€ 600,597 Cash 2024: € 600,597 ▲ 49% vs 2023 (€ 401,974) Favourable step	€ 90,983 Cash 2025: € 90,983 ▼ 85% vs 2024 (€ 600,597) Unfavourable step	▼ 85%
Retained profit	€ 3,919,814 Retained profit 2022: € 3,919,814 First fiscal year in the series	€ 3,932,768 Retained profit 2023: € 3,932,768 Unchanged (€ 3,919,814) Favourable step	€ 3,988,234 Retained profit 2024: € 3,988,234 ▲ 1% vs 2023 (€ 3,932,768) Favourable step	€ 4,109,975 Retained profit 2025: € 4,109,975 ▲ 3% vs 2024 (€ 3,988,234) Favourable step	▲ 3%
Bank debt	€ 12,159,690 Bank debt 2022: € 12,159,690 First fiscal year in the series	€ 10,589,406 Bank debt 2023: € 10,589,406 ▼ 13% vs 2022 (€ 12,159,690) Favourable step	€ 9,211,683 Bank debt 2024: € 9,211,683 ▼ 13% vs 2023 (€ 10,589,406) Favourable step	€ 6,160,049 Bank debt 2025: € 6,160,049 ▼ 33% vs 2024 (€ 9,211,683) Favourable step	▼ 33%
Balance sheet total	€ 22,595,032 Balance sheet total 2022: € 22,595,032 First fiscal year in the series	€ 18,997,311 Balance sheet total 2023: € 18,997,311 ▼ 16% vs 2022 (€ 22,595,032) Unchanged	€ 19,718,621 Balance sheet total 2024: € 19,718,621 ▲ 4% vs 2023 (€ 18,997,311) Unchanged	€ 17,598,174 Balance sheet total 2025: € 17,598,174 ▼ 11% vs 2024 (€ 19,718,621) Unchanged	▼ 11%
Employees (FTE)	13.8 Employees (FTE) 2022: 13.8 First fiscal year in the series	18.2 Employees (FTE) 2023: 18.2 ▲ 4.4 vs 2022 (13.8) Unchanged	15 Employees (FTE) 2024: 15 ▼ 3.2 vs 2023 (18.2) Unchanged	15 Employees (FTE) 2025: 15 Unchanged (15) Unchanged

Key figures of LABECO, 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 LABECO?

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

Jul 27, 2026 New annual accounts for financial year 2025: profit of € 121,740 (▲ 119% vs 2024). Source: NBB ↗
2023 Gerard Labeeuw became a director. NBB
2023 Delta 11 BV became a director. NBB
Aug 31, 2007 Start of the company according to the CBE. KBO
Aug 27, 2007 New establishment in Waregem. KBO

In short

From € 372,603 profit in 2022 to € 121,740 profit in 2025.

Paid € 332,180 in corporate taxes since 2022.

Best year ever: 2022, with € 372,603 profit.

Pays suppliers within 84 days on average.

Original PDFs at the National Bank ↗

Management

Delta 11 100%

The stake of Delta 11 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

LABECO

Behind LABECO are Gerard Labeeuw and Delta 11 BV. The shares are held by Delta 11 (100%).

Directors

According to the 2025 annual accounts

Gerard Labeeuw

Director

Also active at: LEEBEEK, LABEEUW HOUT

since 2023

Delta 11 BV

Director · represented by Jan Labeeuw

since 2023

Shareholders

Delta 11

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Sprietestraat 326

8792 Waregem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

TOCCA LEGNO

€ 213,084 gross margin · 2025

RIGID FLOORS

€ 280,761 gross margin · 2025

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

Details

Company number

0891.779.297

VAT number

BE 0891.779.297

Registered office

Sprietestraat 326, 8792 Waregem

Names & denominations

LABECO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

31 August 2007

Peppol

Active · Active since 4 Dec 2025

Activities · NACE

Groothandel in hout

Handelsbemiddeling in de groothandel in hout en bouwmaterialen

Handelsbemiddeling in hout en bouwmaterialen

View on CBE Public ↗ Annual accounts (NBB) ↗

LABECO

Financials

What happened to LABECO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions