ACTIVE

ETS LIZEN

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Financial year 2025 · closed on 31/12/2025

Net result

15,4 k €

+27.8% YoY

Gross margin

46,9 k €

+147.2% YoY

Equity

342,5 k €

+4.7% YoY

What does ETS LIZEN do?

ETS LIZEN is a Private limited company incorporated in 1983. Its registered office is in Havelange.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.653.339

Incorporation

18/02/1983

Legal form

Private limited company

Registered office

Rue de la Station(H) 22
5370 Havelange · WallonieSee on map

Contributed capital

81 804,86 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	46,9 k €	+147%	19 k €	-22.6%	24,5 k €	-18.6%	30,1 k €	+143%	12,4 k €	-49.3%	24,5 k €	+61.0%	15,2 k €	-30.3%	21,8 k €	+5.8%	20,6 k €	-25.2%	27,5 k €	-21.1%	34,9 k €	+82.2%	19,2 k €	-24.2%	25,3 k €	-49.9%	50,4 k €	-2.1%	51,5 k €	+0.0%	51,5 k €	-30.0%	73,6 k €	+73.2%	42,5 k €	+10.1%	38,6 k €	+4.0%	37,1 k €
EBITDA	35,4 k €	+123%	15,9 k €	-26.8%	21,6 k €	-21.4%	27,5 k €	+190%	9,5 k €	-56.0%	21,6 k €	+76.4%	12,2 k €	-33.0%	18,3 k €	+5.4%	17,3 k €	-28.2%	24,2 k €	+14.0%	21,2 k €	+42.3%	14,9 k €	-33.7%	22,5 k €	-52.3%	47,1 k €	-2.2%	48,2 k €	+1.8%	47,3 k €	-32.5%	70,1 k €	+81.7%	38,6 k €	+20.3%	32,1 k €	+7.1%	30 k €
Operating result	17,1 k €	+11.8%	15,3 k €	-29.2%	21,6 k €	-21.8%	27,5 k €	+200%	9,2 k €	-55.0%	20,4 k €	+545%	-4,6 k €	-183%	-1,6 k €	-455%	457,2 €	-93.2%	6,7 k €	+71.3%	3,9 k €	-71.6%	13,8 k €	-35.7%	21,4 k €	-53.3%	45,8 k €	-1.8%	46,6 k €	+14.4%	40,8 k €	-20.8%	51,5 k €	+163%	19,6 k €	+52.6%	12,9 k €	+15.5%	11,1 k €
Net result	15,4 k €	+27.8%	12,1 k €	-37.0%	19,2 k €	-3.5%	19,9 k €	+273%	5,3 k €	-68.3%	16,8 k €	+399%	-5,6 k €	-77.3%	-3,2 k €	-110%	-1,5 k €	-129%	5,1 k €	+0.4%	5,1 k €	-62.8%	13,7 k €	-30.9%	19,9 k €	-48.6%	38,7 k €	-6.7%	41,5 k €	+0.4%	41,3 k €	-9.4%	45,6 k €	+104%	22,4 k €	+56.3%	14,3 k €	+67.3%	8,6 k €
Balance sheet
Equity	342,5 k €	+4.7%	327,1 k €	+3.3%	316,5 k €	+5.9%	298,8 k €	+6.2%	281,4 k €	+1.9%	276,1 k €	+6.5%	259,3 k €	-2.1%	264,9 k €	-53.4%	568,1 k €	-0.3%	569,6 k €	+0.9%	564,5 k €	+0.9%	559,4 k €	+2.5%	545,6 k €	-2.4%	559,1 k €	+7.0%	522,4 k €	+7.5%	486 k €	+8.6%	447,7 k €	+9.4%	409,1 k €	+5.8%	386,7 k €	+4.7%	369,3 k €
Total assets	399 k €	+16.0%	343,9 k €	+4.9%	327,9 k €	+6.3%	308,5 k €	+4.4%	295,5 k €	-24.2%	389,8 k €	+6.0%	367,6 k €	-4.7%	385,5 k €	-36.3%	604,9 k €	-3.4%	625,9 k €	-1.4%	634,7 k €	+9.4%	579,9 k €	+4.6%	554,6 k €	-5.0%	583,8 k €	+6.3%	549,3 k €	+7.2%	512,6 k €	+5.6%	485,6 k €	+10.5%	439,3 k €	+3.2%	425,6 k €	+3.3%	412,2 k €
Cash	272,4 k €	+8.9%	250,1 k €	+7.8%	232 k €	+26.8%	183 k €	+19.3%	153,4 k €	-40.0%	255,7 k €	+27.9%	200 k €	+2.0%	196 k €	-43.1%	344,6 k €	-6.6%	369,1 k €	+18.4%	311,8 k €	-11.8%	353,7 k €	+0.8%	351,1 k €	-2.8%	361,2 k €	+19.0%	303,6 k €	-3.7%	315,3 k €	+8.4%	290,9 k €	+51.7%	191,8 k €	+38.4%	138,6 k €	+19.3%	116,2 k €
Debts	56,5 k €	+236%	16,8 k €	+46.8%	11,5 k €	+18.5%	9,7 k €	-31.5%	14,1 k €	-87.6%	113,7 k €	+4.9%	108,3 k €	-10.2%	120,6 k €	+228%	36,8 k €	-34.6%	56,3 k €	-19.7%	70,2 k €	+242%	20,5 k €	+128%	9 k €	-63.5%	24,6 k €	-8.3%	26,9 k €	+1.1%	26,6 k €	-29.1%	37,5 k €	+28.0%	29,3 k €	-21.9%	37,5 k €	-10.6%	42 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

LEDENT JACKY

Mandate

Active

LIZEN CHRISTIAN

Mandate

Active

LIZEN JEAN

Mandate

Active

LIZEN MARIE-MADELEINE

Mandate

Active

Ended mandates

CHRISTIAN LIZEN

Manager

Ended

JACKY LEDENT

Associate

Ended

JEAN LIZEN

Manager

Ended

MARIE-MADELEINE LIZEN

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
J.M.C. IMMO● Active	0449.565.306

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	28/08/2026	28/08/2025	29/08/2024	26/08/2023	26/08/2022	27/08/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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	30/05/2026	28/08/2026	French	PDF
Micro model	31/12/2024	31/05/2025	28/08/2025	French	PDF
Micro model	31/12/2023	25/05/2024	29/08/2024	French	PDF
Micro model	31/12/2022	27/05/2023	26/08/2023	French	PDF
Micro model	31/12/2021	28/05/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	29/05/2021	27/08/2021	French	PDF
Micro model	31/12/2019	08/09/2020	25/09/2020	French	PDF
Abridged model	31/12/2018	25/05/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	26/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	27/05/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	20/05/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	21/05/2012	24/08/2012	French	PDF
Abridged model	31/12/2010	22/05/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	23/05/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	24/05/2009	30/08/2009	French	PDF
Abridged model	31/12/2007	31/12/2007	25/08/2008	French	PDF
Abridged model	31/12/2006	31/12/2006	27/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 4 ended

Active mandates

LEDENT JACKY

Mandate

Active

LIZEN CHRISTIAN

Mandate

Active

LIZEN JEAN

Mandate

Active

LIZEN MARIE-MADELEINE

Mandate

Active

Ended mandates

CHRISTIAN LIZEN

Manager

Ended

JACKY LEDENT

Associate

Ended

JEAN LIZEN

Manager

Ended

MARIE-MADELEINE LIZEN

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/01/2018
CAPITAL, ACTIONS
PDF
Capital / shares06/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202515,4 k €↑
2024
Annual accounts 202412,1 k €↓
2023
Annual accounts 202319,2 k €↓
2022
Annual accounts 202219,9 k €↑
2021
Annual accounts 20215,3 k €↓
2020
Annual accounts 202016,8 k €↑
2019
Annual accounts 2019-5,6 k €↓
2018
Annual accounts 2018-3,2 k €↓
2017
Annual accounts 2017-1,5 k €↓
2016
Annual accounts 20165,1 k €↑
2015
Annual accounts 20155,1 k €↓
2014
Annual accounts 201413,7 k €↓
2013
Annual accounts 201319,9 k €↓
2012
Annual accounts 201238,7 k €↓
2011
Annual accounts 201141,5 k €↑
2010
Annual accounts 201041,3 k €↓
2009
Annual accounts 200945,6 k €↑
2008
Annual accounts 200822,4 k €↑
2007
Annual accounts 200714,3 k €↑
2006
Annual accounts 20068,6 k €
18/02/1983
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

ETS LIZEN

Overview

What does ETS LIZEN 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