ACTIVE

W. TOLLENAERE & ZN

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Financial year 2025 · closed on 31/12/2025

Net result

218,8 k €

+18.6% YoY

Gross margin

545,7 k €

+18.2% YoY

Equity

2,4 M €

+4.2% YoY

What does W. TOLLENAERE & ZN do?

W. TOLLENAERE & ZN is a Private limited company incorporated in 1972. Its main activity is: Forestry and logging. Its registered office is in Lochristi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.556.638

Incorporation

01/07/1972

Legal form

Private limited company

Registered office

Bedrijvenlaan 30
9080 Lochristi · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

02020Forestry and logging· main 02400Support services to forestry 02400Support services to forestry 46732Wholesale of wood, construction materials and sanitary equipment 46832Wholesale trade, except of motor vehicles and motorcycles 49410Freight transport by road+3

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	545,7 k €	+18.2%	461,8 k €	+5.7%	437,1 k €	+32.9%	329 k €	-32.1%	484,7 k €	+57.4%	308 k €	-23.1%	400,3 k €	+40.0%	285,9 k €	-17.5%	346,7 k €	+60.4%	216,2 k €	+10.2%	196,1 k €	-34.9%	301,1 k €	+140%	125,2 k €	-67.6%	385,9 k €	+33.1%	289,9 k €	+36.2%	212,9 k €	+15.1%	185 k €
EBITDA	505,8 k €	+15.1%	439,3 k €	+15.8%	379,2 k €	+21.7%	311,5 k €	-30.4%	447,5 k €	+105%	218 k €	-38.0%	351,7 k €	+28.4%	273,9 k €	-10.3%	305,3 k €	+50.1%	203,4 k €	+12.2%	181,2 k €	-37.3%	289,2 k €	+57.2%	183,9 k €	-40.3%	308 k €	+7.3%	287,2 k €	+36.0%	211,1 k €	+15.0%	183,6 k €
Operating result	337,7 k €	+7.5%	314,3 k €	+16.8%	269 k €	+33.4%	201,7 k €	-37.0%	320,1 k €	+213%	102,3 k €	-61.2%	263,4 k €	+43.2%	184 k €	+21.6%	151,3 k €	+65.8%	91,2 k €	+69.6%	53,8 k €	-43.0%	94,4 k €	+40.2%	67,4 k €	-57.8%	159,6 k €	+40.4%	113,7 k €	+31.2%	86,6 k €	+65.4%	52,4 k €
Net result	218,8 k €	+18.6%	184,5 k €	+14.1%	161,7 k €	+22.1%	132,4 k €	-38.1%	213,8 k €	+257%	59,8 k €	-65.3%	172,6 k €	+52.7%	113 k €	+26.4%	89,4 k €	+85.8%	48,1 k €	+87.3%	25,7 k €	-55.8%	58,1 k €	+61.5%	35,9 k €	-64.4%	100,8 k €	+21.9%	82,7 k €	+22.6%	67,5 k €	+51.1%	44,7 k €
Balance sheet
Equity	2,4 M €	+4.2%	2,3 M €	+1.8%	2,2 M €	+7.8%	2,1 M €	+6.8%	2 M €	+28.2%	1,5 M €	+4.1%	1,5 M €	+13.4%	1,3 M €	+9.6%	1,2 M €	+8.2%	1,1 M €	+5.2%	1 M €	+2.5%	1 M €	+6.1%	950 k €	+3.9%	914 k €	+12.4%	813,2 k €	+11.3%	730,5 k €	+10.2%	663 k €
Total assets	4,4 M €	-0.9%	4,4 M €	-2.2%	4,5 M €	+4.5%	4,3 M €	+5.0%	4,1 M €	+46.7%	2,8 M €	+19.9%	2,3 M €	+3.5%	2,3 M €	+12.0%	2 M €	-8.7%	2,2 M €	+6.3%	2,1 M €	+5.8%	2 M €	+31.4%	1,5 M €	-14.4%	1,7 M €	+0.9%	1,7 M €	+19.5%	1,5 M €	-2.1%	1,5 M €
Cash	53 k €	-14.9%	62,3 k €	+52.7%	40,8 k €	-76.2%	171,6 k €	+395%	34,7 k €	-60.4%	87,7 k €	+105%	42,8 k €	-54.8%	94,7 k €	+229%	28,8 k €	-72.6%	105,2 k €	+125%	46,9 k €	+221%	14,6 k €	-68.0%	45,7 k €	-76.1%	191,6 k €	+130%	83,2 k €	-26.6%	113,3 k €	-32.5%	167,9 k €
Debts	2 M €	-8.1%	2,1 M €	-6.0%	2,3 M €	+1.6%	2,2 M €	+3.6%	2,2 M €	+70.5%	1,3 M €	+44.5%	873,3 k €	-10.0%	970,1 k €	+16.3%	834,4 k €	-24.1%	1,1 M €	+6.2%	1 M €	+8.8%	951,2 k €	+75.8%	541 k €	-27.6%	747,4 k €	-18.6%	918 k €	+28.4%	715,1 k €	-11.7%	810,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 17 ended

Active mandates

Tino Tollenaere

Manager

Active

Ended mandates

Gino Tollenaere

Manager · since 05 décembre 2011

Ended

Tino Tollenaere

Manager · since 05 décembre 2011

Ended

Werna De Coninck

Manager · since 01 janvier 2011 · until 05 décembre 2011

Ended

Willy Tollenaere

Administrator - manager · since 01 janvier 2011 · until 05 décembre 2011

Ended

At this address

Other companies at this address

Company	CBE no.
TREF EGO SUBSTRATES BELGIE● Active	0449.617.467

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	31/12/2019
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	13 months
Filing date	28/07/2026	31/07/2025	19/07/2024	29/08/2023	01/07/2022	31/08/2021
General meeting	30/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	28/07/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	19/07/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	31/08/2021	Dutch	PDF
Micro model	30/12/2019	20/08/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	03/07/2018	Dutch	PDF
Micro model	31/12/2016	28/08/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/11/2016	06/01/2017	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	17/10/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	31/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	09/10/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	30/09/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	29/10/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	30/10/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	07/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 17 ended

Active mandates

Tino Tollenaere

Manager

Active

Ended mandates

Gino Tollenaere

Manager · since 05 décembre 2011

Ended

Tino Tollenaere

Manager · since 05 décembre 2011

Ended

Werna De Coninck

Manager · since 01 janvier 2011 · until 05 décembre 2011

Ended

Willy Tollenaere

Administrator - manager · since 01 janvier 2011 · until 05 décembre 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/01/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Other27/12/2018
BOEKJAAR
PDF
Registered office25/04/2016
MAATSCHAPPELIJKE ZETEL
PDF
Registered office26/03/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/12/2011
BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2007
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/01/2006
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025218,8 k €↑
2024
Annual accounts 2024184,5 k €↑
2023
Annual accounts 2023161,7 k €↑
2022
Annual accounts 2022132,4 k €↓
2021
Annual accounts 2021213,8 k €↑
2017
Annual accounts 201759,8 k €↓
2016
Annual accounts 2016172,6 k €↑
2015
Annual accounts 2015113 k €↑
2014
Annual accounts 201489,4 k €↑
2013
Annual accounts 201348,1 k €↑
2012
Annual accounts 201225,7 k €↓
2011
Annual accounts 201158,1 k €↑
2010
Annual accounts 201035,9 k €↓
2009
Annual accounts 2009100,8 k €↑
2008
Annual accounts 200882,7 k €↑
2007
Annual accounts 200767,5 k €↑
2006
Annual accounts 200644,7 k €
01/07/1972
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

W. TOLLENAERE & ZN

Overview

What does W. TOLLENAERE & ZN do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline