ACTIVE

BLEHEN

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Financial year 2025 · closed on 31/12/2025

Net result

208 k €

-5.2% YoY

Gross margin

397,4 k €

+10.1% YoY

Equity

2,6 M €

+4.3% YoY

Workforce

1,0 ETP

0.0% YoY

What does BLEHEN do?

BLEHEN is a Private limited company incorporated in 1978. 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

Joint committees (2)

12501
12502

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	397,4 k €	+10.1%	361,1 k €	-8.2%	393,1 k €	-20.5%	494,7 k €	-10.7%	553,9 k €	+25.1%	442,9 k €	+45.1%	305,2 k €	+14.6%	266,2 k €	-1.7%	270,8 k €	+14.2%	237,1 k €	+10.7%	214,3 k €	-12.4%	244,5 k €	+15.5%	211,6 k €	-20.7%	266,6 k €	+19.4%	223,3 k €	+17.8%	189,6 k €	-0.2%	190 k €	-7.8%	206,2 k €	+86.9%	110,3 k €	+4.2%	105,9 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 €	+33.4%	371,9 k €	+55.8%	238,7 k €	+17.1%	203,9 k €	-0.3%	204,5 k €	+13.5%	180,2 k €	+17.7%	153,1 k €	-10.6%	171,2 k €	+34.6%	127,2 k €	-14.2%	148,3 k €	+33.2%	111,3 k €	+21.9%	91,3 k €	-5.6%	96,8 k €	-15.0%	113,9 k €	+429%	21,5 k €	-57.0%	50,1 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 €	+34.6%	335,5 k €	+66.5%	201,5 k €	+20.5%	167,3 k €	+0.6%	166,2 k €	+25.2%	132,8 k €	+23.8%	107,2 k €	-20.6%	135 k €	+60.8%	84 k €	-20.4%	105,5 k €	+49.5%	70,6 k €	+33.2%	53 k €	-24.3%	70 k €	-26.7%	95,6 k €	+1878%	4,8 k €	-83.3%	29 k €
Net result	208 k €	-5.2%	219,3 k €	+0.2%	219 k €	-16.2%	261,3 k €	-18.5%	320,4 k €	+36.0%	235,5 k €	+82.7%	128,9 k €	+1.4%	127,1 k €	+9.7%	115,9 k €	+17.5%	98,7 k €	-6.7%	105,8 k €	-1.1%	107 k €	+47.3%	72,6 k €	-0.6%	73,1 k €	+1.1%	72,3 k €	+58.1%	45,7 k €	-31.7%	66,9 k €	-13.2%	77,1 k €	+400%	15,4 k €	-50.0%	30,8 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 €	+18.9%	1,7 M €	+16.1%	1,5 M €	+9.7%	1,3 M €	+10.5%	1,2 M €	+10.6%	1,1 M €	+10.0%	991,2 k €	+12.0%	885,3 k €	+15.6%	766,1 k €	+10.5%	693,4 k €	+11.8%	620,4 k €	+13.2%	548,1 k €	+9.1%	502,4 k €	+15.4%	435,4 k €	+21.5%	358,3 k €	+4.5%	342,9 k €
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 €	+18.8%	1,8 M €	+15.3%	1,6 M €	+10.6%	1,4 M €	+12.1%	1,3 M €	+7.1%	1,2 M €	+13.5%	1 M €	+10.4%	937,9 k €	+12.1%	836,4 k €	+10.2%	758,8 k €	+8.6%	698,5 k €	+20.8%	578,1 k €	+6.5%	542,7 k €	+7.1%	506,8 k €	+19.4%	424,5 k €	-4.4%	444,2 k €
Cash	237,6 k €	+66.8%	142,4 k €	-76.5%	606,4 k €	-28.1%	842,9 k €	+76.2%	478,3 k €	+216%	151,4 k €	+42.8%	106 k €	-0.7%	106,7 k €	-15.5%	126,3 k €	+157%	49,1 k €	+8.2%	45,4 k €	+70.6%	26,6 k €	-74.4%	103,9 k €	+7.7%	96,5 k €	+53.0%	63,1 k €	-22.4%	81,3 k €	+43.2%	56,7 k €	-78.2%	260,8 k €	+28.8%	202,4 k €	-13.6%	234,3 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 €	+16.7%	102,9 k €	+3.0%	99,9 k €	+26.5%	78,9 k €	+48.3%	53,2 k €	-37.5%	85,2 k €	+91.6%	44,5 k €	-14.3%	51,9 k €	-25.5%	69,6 k €	+6.5%	65,4 k €	-16.4%	78,2 k €	+169%	29,1 k €	-27.9%	40,3 k €	-43.5%	71,4 k €	+7.8%	66,2 k €	-34.6%	101,3 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	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	-34.8%	2,3 ETP	-17.9%	2,8 ETP	-20.0%	3,5 ETP	0.0%	3,5 ETP	0.0%	3,5 ETP	0.0%	3,5 ETP	0.0%	3,5 ETP	0.0%	3,5 ETP	+29.6%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

Bertrand BLEHEN

Manager · since 29 avril 2015

Active

Maxime BLEHEN

Manager · since 29 avril 2015

Active

Michel BLEHEN

Manager · since 29 avril 2015

Active

Ended mandates

Michel BLEHEN

Director · since 18 juin 2014 · until 31 décembre 2020

Ended

Maxime BLEHEN

Director · since 19 avril 2013 · until 31 décembre 2019

Ended

Bertrand BLEHEN

Director · since 18 mars 2011 · until 31 décembre 2017

Ended

MARIANNE VAN LERBERGHE

Director · since 01 janvier 1990 · until 31 décembre 2007

Ended

Annual accounts

Full financial information

	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

Bertrand BLEHEN

Manager · since 29 avril 2015

Active

Maxime BLEHEN

Manager · since 29 avril 2015

Active

Michel BLEHEN

Manager · since 29 avril 2015

Active

Ended mandates

Michel BLEHEN

Director · since 18 juin 2014 · until 31 décembre 2020

Ended

Maxime BLEHEN

Director · since 19 avril 2013 · until 31 décembre 2019

Ended

Bertrand BLEHEN

Director · since 18 mars 2011 · until 31 décembre 2017

Ended

MARIANNE VAN LERBERGHE

Director · since 01 janvier 1990 · until 31 décembre 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/11/2021
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates29/04/2015
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates04/06/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/10/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates06/07/2011
SIEGE SOCIAL - 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 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 €
2006
Name changeBois BLEHEN et Fils
23/01/1978
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

BLEHEN

Overview

What does BLEHEN do?

Trend over 20 financial years

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