ACTIVE

ITEF

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Financial year 2025 · closed on 31/12/2025

Net result

17 k €

-34.6% YoY

Gross margin

110,3 k €

-9.9% YoY

Equity

1,1 M €

+1.5% YoY

What does ITEF do?

ITEF is a Public limited company incorporated in 1976. Its main activity is: Forestry and logging. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.137.522

Incorporation

06/07/1976

Legal form

Public limited company

Registered office

Place du Champ de Mars 5
1050 Ixelles · BruxellesSee on map

Contributed capital

310 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

02011Forestry and logging· main 02100Silviculture and other forestry activities 02100Silviculture and other forestry activities 41101Development of building projects 68121Buying and selling of own real estate 70111Activities of head offices+3

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	110,3 k €	-9.9%	122,5 k €	+51.1%	81,1 k €	+37.5%	58,9 k €	-22.8%	76,4 k €	-45.9%	141,1 k €	-29.0%	198,9 k €	+193%	67,8 k €	-52.9%	143,8 k €	+1597%	8,5 k €	-95.1%	173,1 k €	+6649%	-2,6 k €	-103%	97 k €	-11.9%	110,1 k €	-55.1%	245,5 k €	+49.7%	164 k €	-32.4%	242,5 k €	-1.9%	247,3 k €	+85.7%	133,1 k €	-70.3%	447,7 k €
EBITDA	93,5 k €	-2.8%	96,2 k €	+75.6%	54,8 k €	+61.1%	34 k €	-41.5%	58,1 k €	-52.7%	123 k €	-12.5%	140,6 k €	+390%	28,7 k €	-70.7%	97,9 k €	+336%	-41,5 k €	-184%	49,6 k €	+204%	-47,4 k €	-196%	49,6 k €	-15.0%	58,3 k €	-69.3%	190,1 k €	+75.6%	108,3 k €	-22.7%	140 k €	+11.2%	126 k €	+38.0%	91,3 k €	-77.5%	406,6 k €
Operating result	30,9 k €	-23.9%	40,6 k €	+122%	18,3 k €	+11.0%	16,5 k €	-67.5%	50,6 k €	-57.2%	118,1 k €	-11.6%	133,6 k €	+524%	21,4 k €	-75.8%	88,3 k €	+238%	-63,9 k €	-294%	32,8 k €	+145%	-72,9 k €	-346%	-16,3 k €	-73.7%	-9,4 k €	-108%	119,7 k €	+250%	34,2 k €	-48.3%	66 k €	+53.4%	43 k €	+583%	6,3 k €	-98.1%	333,2 k €
Net result	17 k €	-34.6%	26,1 k €	+121%	11,8 k €	-1.4%	12 k €	-64.7%	33,9 k €	-55.2%	75,7 k €	-31.7%	110,8 k €	+235%	33 k €	-60.8%	84,3 k €	+300%	-42,2 k €	-196%	44,1 k €	+166%	-67 k €	-3201%	-2 k €	-120%	10,2 k €	-84.8%	67,3 k €	+241%	19,7 k €	-56.3%	45,2 k €	+48.2%	30,5 k €	+563%	4,6 k €	-98.7%	363,7 k €
Balance sheet
Equity	1,1 M €	+1.5%	1,1 M €	+2.4%	1,1 M €	+1.1%	1,1 M €	+1.1%	1,1 M €	+3.3%	1 M €	-37.5%	1,6 M €	+7.2%	1,5 M €	+2.2%	1,5 M €	+6.0%	1,4 M €	-2.9%	1,5 M €	+3.1%	1,4 M €	-4.5%	1,5 M €	-0.1%	1,5 M €	+0.7%	1,5 M €	+4.8%	1,4 M €	+1.4%	1,4 M €	+3.4%	1,3 M €	+2.3%	1,3 M €	-40.9%	2,2 M €
Total assets	1,4 M €	-2.9%	1,5 M €	+7.9%	1,4 M €	+8.8%	1,3 M €	+11.5%	1,1 M €	-11.1%	1,3 M €	-32.9%	1,9 M €	+6.9%	1,8 M €	+9.8%	1,6 M €	+1.5%	1,6 M €	+1.1%	1,6 M €	+1.7%	1,5 M €	-7.4%	1,7 M €	-5.4%	1,8 M €	-1.2%	1,8 M €	+1.8%	1,7 M €	-2.8%	1,8 M €	-4.5%	1,9 M €	-3.9%	2 M €	-30.0%	2,8 M €
Cash	12,4 k €	+27.6%	9,7 k €	+24.6%	7,8 k €	-46.7%	14,6 k €	-29.7%	20,8 k €	-20.8%	26,2 k €	-25.9%	35,3 k €	-25.4%	47,4 k €	+2667%	1,7 k €	+314%	413,3 €	-99.6%	111,4 k €	+8736%	1,3 k €	-32.6%	1,9 k €	-31.8%	2,7 k €	-86.8%	20,8 k €	-75.9%	86,3 k €	+366%	18,5 k €	-56.8%	42,8 k €	+319%	10,2 k €	-62.4%	27,2 k €
Debts	273,6 k €	-11.3%	308,5 k €	+61.7%	190,8 k €	+4.8%	182 k €	+182%	64,5 k €	-73.0%	238,7 k €	-2.7%	245,3 k €	+4.8%	234,1 k €	+114%	109,4 k €	-35.8%	170,5 k €	+56.6%	108,8 k €	-12.7%	124,6 k €	-25.6%	167,4 k €	-18.6%	205,7 k €	-7.2%	221,7 k €	-9.3%	244,4 k €	-14.1%	284,7 k €	-28.7%	399,3 k €	-26.8%	545,2 k €	+17.8%	462,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

Barbara Baronne de FIERLANT DORMER

Director · since 15 avril 2020 · until 15 avril 2026

Active

Diego Baron de FIERLANT DORMER

Managing director · since 15 avril 2020 · until 15 avril 2026

Active

Harold Baron de FIERLANT DORMER

Chairman of the board of directors · since 15 avril 2020 · until 15 avril 2026

Active

Lorraine Baronne de FIERLANT DORMER

Director · since 15 avril 2020 · until 15 avril 2026

Active

Ended mandates

FRANCOIS DES CRESSIONNIERES

Director · since 04 juin 2019 · until 15 avril 2020

Ended

Thierry Baron de FIERLANT DORMER

Chairman of the board of directors · since 04 juin 2019 · until 15 avril 2020

Ended

François Des Cressionnières

Director · since 14 mai 2013 · until 14 mai 2019

Ended

François Des Cressonières

Director · since 14 mai 2013 · until 14 mai 2019

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
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	12 months
Filing date	21/05/2026	14/05/2025	30/05/2024	12/05/2023	02/06/2022	04/06/2021
General meeting	07/05/2026	08/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	07/05/2026	21/05/2026	French	PDF
Micro model	31/12/2024	08/05/2025	14/05/2025	French	PDF
Micro model	31/12/2023	14/05/2024	30/05/2024	French	PDF
Micro model	31/12/2022	09/05/2023	12/05/2023	French	PDF
Micro model	31/12/2021	10/05/2022	02/06/2022	French	PDF
Micro model	31/12/2020	11/05/2021	04/06/2021	French	PDF
Micro model	31/12/2019	12/05/2020	05/06/2020	French	PDF
Micro model	31/12/2018	04/06/2019	01/07/2019	French	PDF
Micro model	31/12/2017	08/05/2018	15/05/2018	French	PDF
Micro model	31/12/2016	09/05/2017	15/05/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	02/06/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	10/06/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	03/06/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	04/06/2013	French	PDF
Abridged model	31/12/2011	11/05/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	31/05/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	18/06/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	16/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 4 active · 14 ended

Active mandates

Barbara Baronne de FIERLANT DORMER

Director · since 15 avril 2020 · until 15 avril 2026

Active

Diego Baron de FIERLANT DORMER

Managing director · since 15 avril 2020 · until 15 avril 2026

Active

Harold Baron de FIERLANT DORMER

Chairman of the board of directors · since 15 avril 2020 · until 15 avril 2026

Active

Lorraine Baronne de FIERLANT DORMER

Director · since 15 avril 2020 · until 15 avril 2026

Active

Ended mandates

FRANCOIS DES CRESSIONNIERES

Director · since 04 juin 2019 · until 15 avril 2020

Ended

Thierry Baron de FIERLANT DORMER

Chairman of the board of directors · since 04 juin 2019 · until 15 avril 2020

Ended

François Des Cressionnières

Director · since 14 mai 2013 · until 14 mai 2019

Ended

François Des Cressonières

Director · since 14 mai 2013 · until 14 mai 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/07/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares26/11/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates22/04/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates17/03/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates31/05/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office17/10/2011
SIEGE SOCIAL
PDF
Mandates25/09/2007
DEMISSIONS, NOMINATIONS
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 202517 k €↓
2024
Annual accounts 202426,1 k €↑
2023
Annual accounts 202311,8 k €↓
2022
Annual accounts 202212 k €↓
2021
Annual accounts 202133,9 k €↓
2020
Annual accounts 202075,7 k €↓
2019
Annual accounts 2019110,8 k €↑
2018
Annual accounts 201833 k €↓
2017
Annual accounts 201784,3 k €↑
2016
Annual accounts 2016-42,2 k €↓
2015
Annual accounts 201544,1 k €↑
2014
Annual accounts 2014-67 k €↓
2013
Annual accounts 2013-2 k €↓
2012
Annual accounts 201210,2 k €↓
2011
Annual accounts 201167,3 k €↑
2010
Annual accounts 201019,7 k €↓
2009
Annual accounts 200945,2 k €↑
2008
Annual accounts 200830,5 k €↑
2007
Annual accounts 20074,6 k €↓
2006
Annual accounts 2006363,7 k €
06/07/1976
IncorporationPublic 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

ITEF

Overview

What does ITEF do?

Trend over 20 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