ACTIVE

BLEHEN

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Financial year 2025 · Closed on 31/12/2025

Net result208 k €-5,2 %over 1 year

Gross margin397,4 k €+10,1 %over 1 year

Equity2,6 M €+4,3 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

BLEHEN is a Private limited company incorporated in 1978. Its main activity is: Forestry and logging. Its registered office is in Chimay. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0418.104.345
Incorporation: 23/01/1978
Legal form: Private limited company
Registered office: Chemin de Villers-la-Tour(S-R) 1
6460 Chimay · WallonieSee on map
Contributed capital: 74 311,00 €
Latest accounts: 31/12/2025
Average workforce: 1,0 ETP

Activities (NACE)

02011Forestry and logging· main 02012Forestry and logging 02100Silviculture and other forestry activities 02100Silviculture and other forestry activities 02200Logging 02200Logging+6

Joint committees (2)

12501
12502

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	397,4 k €	+10.1%	361,1 k €	-8.2%	393,1 k €	-20.5%	494,7 k €	-10.7%	553,9 k €
EBITDA	335,7 k €	+12.3%	298,9 k €	-8.7%	327,5 k €	-23.2%	426,5 k €	-14.0%	496,1 k €
Operating result	293,2 k €	+15.3%	254,3 k €	-12.6%	291 k €	-24.4%	384,7 k €	-14.8%	451,6 k €
Net result	208 k €	-5.2%	219,3 k €	+0.2%	219 k €	-16.2%	261,3 k €	-18.5%	320,4 k €
Balance sheet
Equity	2,6 M €	+4.3%	2,5 M €	+5.0%	2,4 M €	+5.2%	2,3 M €	+12.9%	2 M €
Total assets	2,8 M €	+3.7%	2,7 M €	+2.8%	2,6 M €	+7.8%	2,4 M €	+13.1%	2,1 M €
Cash	237,6 k €	+66.8%	142,4 k €	-76.5%	606,4 k €	-28.1%	842,9 k €	+76.2%	478,3 k €
Debts	152,7 k €	-6.1%	162,7 k €	-20.9%	205,6 k €	+47.1%	139,8 k €	+16.4%	120,1 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	-33.3%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period
Bertrand BLEHEN	Managersince 29/04/2015Director18/03/2011 → 2013 accountsended
Maxime BLEHEN	Managersince 29/04/2015Director19/04/2013 → 2013 accountsended
Michel BLEHEN	Managersince 29/04/2015Directorlisted until the 2013 accountsendedManaging director01/01/1990 → 31/12/2007ended

Ended mandates

Director	Mandates in this company	Period
MARIANNE VAN LERBERGHE	Director01/01/1990 → 31/12/2007
ANDRE BLEHEN	Director14/02/1978 → 31/12/2007

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	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	17/08/2026	14/07/2025	22/07/2024	21/08/2023	26/07/2022	19/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	08/06/2022	09/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	17/08/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	14/07/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	22/07/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	21/08/2023	French	PDF
Abridged model	31/12/2021	08/06/2022	26/07/2022	French	PDF
Abridged model	31/12/2020	09/06/2021	19/08/2021	French	PDF
Abridged model	31/12/2019	10/06/2020	20/08/2020	French	PDF
Abridged model	31/12/2018	12/06/2019	14/08/2019	French	PDF
Abridged model	31/12/2017	13/06/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	18/08/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	16/08/2016	French	PDF
Abridged model	31/12/2014	17/06/2015	20/07/2015	French	PDF
Abridged model	31/12/2013	18/06/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	19/06/2013	01/07/2013	French	PDF
Abridged model	31/12/2011	20/06/2012	20/08/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	24/08/2011	French	PDF
Abridged model	31/12/2009	16/06/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	17/06/2009	10/08/2009	French	PDF
Abridged model	31/12/2007	18/06/2008	09/08/2008	French	PDF
Abridged model	31/12/2006	20/06/2007	21/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period
Bertrand BLEHEN	Managersince 29/04/2015Director18/03/2011 → 2013 accountsended
Maxime BLEHEN	Managersince 29/04/2015Director19/04/2013 → 2013 accountsended
Michel BLEHEN	Managersince 29/04/2015Directorlisted until the 2013 accountsendedManaging director01/01/1990 → 31/12/2007ended

Ended mandates

Director	Mandates in this company	Period
MARIANNE VAN LERBERGHE	Director01/01/1990 → 31/12/2007
ANDRE BLEHEN	Director14/02/1978 → 31/12/2007

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/11/2021
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other29/04/2015
TRANSFORMATION EN SPRL — MODIFICATION DES STATUTS ET DE L'
PDF
Capital / shares04/06/2014
Augmentation de capital et Conseil d'administration.
PDF
Mandates25/10/2013
Démission et nomination
PDF
Mandates06/07/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Michel BLEHEN

Bertrand BLEHEN

Maxime BLEHEN

MARIANNE VAN LERBERGHE

ANDRE BLEHEN

1978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BLEHENBois BLEHEN et Fils

Chemin de Villers-la-Tour(S-R) 1, 6460 Chimay

ManagerManaging director

ManagerDirector

Manager

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Chemin de Villers-la-Tour(S-R) 1, 6460 ChimayCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00407247

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BLEHENCurrent	accounts 2014 → 2025	Accounts 2025 · 2026-00407247
Bois BLEHEN et Fils	accounts 2006 → 2013	Accounts 2013 · 2014-48000120

Events

2025
Annual accounts 2025208 k €↓
2024
Annual accounts 2024219,3 k €↑
2023
Annual accounts 2023219 k €↓
2022
Annual accounts 2022261,3 k €↓
2021
Annual accounts 2021320,4 k €↑
2020
Annual accounts 2020235,5 k €↑
2019
Annual accounts 2019128,9 k €↑
2018
Annual accounts 2018127,1 k €↑
2017
Annual accounts 2017115,9 k €↑
2016
Annual accounts 201698,7 k €↓
2015
Annual accounts 2015105,8 k €↓
2014
Annual accounts 2014107 k €↑
2014
Name changeBLEHEN
2013
Annual accounts 201372,6 k €↓
2012
Annual accounts 201273,1 k €↑
2011
Annual accounts 201172,3 k €↑
2010
Annual accounts 201045,7 k €↓
2009
Annual accounts 200966,9 k €↓
2008
Annual accounts 200877,1 k €↑
2007
Annual accounts 200715,4 k €↓
2006
Annual accounts 200630,8 k €
23/01/1978
IncorporationPrivate limited company

BLEHEN

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events