ACTIVE

GESSOFOR

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Financial year 2025 · closed on 30/09/2025

Net result

66,7 k €

-30.9% YoY

Gross margin

788,8 k €

+15.8% YoY

Equity

1 M €

+6.8% YoY

Workforce

7,8 ETP

+36.8% YoY

What does GESSOFOR do?

GESSOFOR is a Public limited company incorporated in 1989. Its main activity is: Silviculture and other forestry activities. Its registered office is in Manhay. It employs on average 7,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.913.833

Incorporation

09/03/1989

Legal form

Public limited company

Registered office

Al Masse, Harre 1
6960 Manhay · WallonieSee on map

Contributed capital

74 368,06 €

Latest accounts

30/09/2025

Average workforce

7,8 ETP

Activities (NACE)

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

Joint committees (3)

12501
146
200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	788,8 k €	+15.8%	681 k €	+6.5%	639,6 k €	+36.8%	467,5 k €	+33.4%	350,5 k €	-15.5%	414,7 k €	-15.4%	490,1 k €	-11.4%	553,1 k €	+32.5%	417,3 k €	-12.7%	478,2 k €	+31.1%	364,8 k €	+5.4%	346 k €	+19.8%	288,8 k €	+27.5%	226,6 k €	-2.2%	231,6 k €	+1.1%	229,1 k €	+17.1%	195,6 k €	+36.6%	143,2 k €	-5.1%	151 k €
EBITDA	372,9 k €	-7.3%	402,3 k €	+6.0%	379,6 k €	+62.0%	234,3 k €	+54.0%	152,2 k €	-31.9%	223,5 k €	-28.2%	311,2 k €	-21.9%	398,4 k €	+43.2%	278,2 k €	-18.3%	340,5 k €	+72.8%	197,1 k €	+29.3%	152,4 k €	+5.2%	144,8 k €	+11.1%	130,4 k €	-12.8%	149,4 k €	-10.9%	167,8 k €	+24.7%	134,6 k €	+47.8%	91,1 k €	+7.0%	85,1 k €
Operating result	89,9 k €	-23.2%	117 k €	-1.3%	118,5 k €	+18.1%	100,4 k €	+93.6%	51,9 k €	-27.1%	71,2 k €	+17.5%	60,6 k €	-40.6%	102 k €	+60.7%	63,5 k €	+30.5%	48,7 k €	-44.6%	87,8 k €	+110%	41,7 k €	+44.9%	28,8 k €	-34.5%	44 k €	+8.1%	40,7 k €	+25.9%	32,3 k €	-5.4%	34,2 k €	+30.5%	26,2 k €	-0.9%	26,4 k €
Net result	66,7 k €	-30.9%	96,4 k €	-10.7%	108 k €	+31.2%	82,3 k €	+108%	39,5 k €	-36.8%	62,6 k €	+10.8%	56,5 k €	-27.9%	78,4 k €	+88.8%	41,5 k €	+21.6%	34,2 k €	-58.7%	82,8 k €	+133%	35,5 k €	+87.7%	18,9 k €	-43.0%	33,2 k €	+427%	6,3 k €	-67.8%	19,6 k €	-27.2%	26,9 k €	+23.3%	21,8 k €	+2.3%	21,3 k €
Balance sheet
Equity	1 M €	+6.8%	977,8 k €	+10.9%	881,3 k €	+14.0%	773,3 k €	+11.9%	691 k €	+6.1%	651,4 k €	+10.6%	588,8 k €	+10.6%	532,3 k €	+17.3%	453,9 k €	+10.1%	412,4 k €	+9.0%	378,2 k €	+28.0%	295,4 k €	+13.7%	259,9 k €	+7.9%	241 k €	+16.0%	207,8 k €	+3.1%	201,5 k €	+10.8%	181,9 k €	+13.7%	159,9 k €	+11.8%	143,1 k €
Total assets	1,5 M €	-1.8%	1,6 M €	-8.6%	1,7 M €	+21.9%	1,4 M €	+40.9%	988,6 k €	-1.9%	1 M €	-10.1%	1,1 M €	+15.4%	971,4 k €	+34.5%	722,5 k €	-15.8%	857,8 k €	+23.5%	694,4 k €	+24.0%	560,1 k €	+18.3%	473,6 k €	+35.3%	350 k €	-15.8%	415,6 k €	-12.9%	477,4 k €	-9.9%	529,8 k €	+92.9%	274,6 k €	-11.1%	309 k €
Cash	290,3 k €	-18.4%	355,8 k €	+135%	151,4 k €	+331%	35,2 k €	-84.2%	222,4 k €	+107%	107,5 k €	-28.8%	150,9 k €	-0.3%	151,4 k €	+52.2%	99,5 k €	-44.8%	180,1 k €	-34.2%	273,7 k €	+695%	34,4 k €	+51.6%	22,7 k €	-81.4%	121,8 k €	+31.7%	92,4 k €	+33.8%	69,1 k €	+102%	34,1 k €	+86.7%	18,3 k €	-78.9%	86,7 k €
Debts	481,1 k €	-16.4%	575,1 k €	-29.6%	816,8 k €	+31.9%	619,5 k €	+109%	296,4 k €	-16.8%	356,3 k €	-33.1%	532,4 k €	+21.3%	439,1 k €	+68.1%	261,2 k €	-41.4%	445,4 k €	+40.9%	316,1 k €	+19.4%	264,7 k €	+23.9%	213,7 k €	+96.0%	109 k €	-47.5%	207,8 k €	-21.9%	265,9 k €	-21.3%	337,9 k €	+203%	111,5 k €	-30.6%	160,7 k €
Other
Workforce	7,8 ETP	+36.8%	5,7 ETP	-1.7%	5,8 ETP	+11.5%	5,2 ETP	+6.1%	4,9 ETP	-2.0%	5,0 ETP	0.0%	5,0 ETP	+4.2%	4,8 ETP	+11.6%	4,3 ETP	+7.5%	4,0 ETP	-16.7%	4,8 ETP	-20.0%	6,0 ETP	+50.0%	4,0 ETP	+33.3%	3,0 ETP	-14.3%	3,5 ETP	+75.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-33.3%	3,0 ETP

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 30/09/2025 · 3 active · 23 ended

Active mandates

Martin PIROTHON

Administrator - manager

Active

Sylvie ESTERS

Managing director

Active

Yves PIROTHON

Managing director

Active

Ended mandates

Martin PIROTHON

Director · since 01 mars 2018 · until 01 mars 2024

Ended

Sylvie ESTERS

Director · since 01 mars 2018 · until 01 mars 2024

Ended

Yves PIROTHON

Managing director · since 01 mars 2018 · until 01 mars 2024

Ended

Yves PIROTHON

Managing director · since 01 mars 2018 · until 24 mars 2024

Ended

At this address

Other companies at this address

Company	CBE no.
PEPINIERE PIROTHON● Active	0443.865.763

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	28/04/2025	24/04/2024	31/03/2023	28/03/2022	30/03/2021
General meeting	03/04/2026	04/04/2025	05/04/2024	03/03/2023	04/03/2022	05/03/2021
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	30/09/2025	03/04/2026	30/04/2026	French	PDF
Abridged model	30/09/2024	04/04/2025	28/04/2025	French	PDF
Abridged model	30/09/2023	05/04/2024	24/04/2024	French	PDF
Abridged model	30/09/2022	03/03/2023	31/03/2023	French	PDF
Abridged model	30/09/2021	04/03/2022	28/03/2022	French	PDF
Abridged model	30/09/2020	05/03/2021	30/03/2021	French	PDF
Abridged model	30/09/2019	06/03/2020	31/03/2020	French	PDF
Abridged model	30/09/2018	01/03/2019	27/03/2019	French	PDF
Abridged model	30/09/2017	01/03/2018	28/03/2018	French	PDF
Abridged model	30/09/2016	01/03/2017	14/03/2017	French	PDF
Abridged model	30/09/2015	01/03/2016	09/03/2016	French	PDF
Abridged model	30/09/2014	07/03/2015	26/03/2015	French	PDF
Abridged model	30/09/2013	07/03/2014	27/03/2014	French	PDF
Abridged model	30/09/2012	01/03/2013	21/03/2013	French	PDF
Abridged model	30/09/2011	02/03/2012	25/04/2012	French	PDF
Abridged model	30/09/2010	04/03/2011	25/03/2011	French	PDF
Abridged model	30/09/2009	05/03/2010	29/03/2010	French	PDF
Abridged model	30/09/2008	06/03/2009	25/03/2009	French	PDF
Abridged model	30/09/2007	04/04/2008	09/04/2008	French	PDF
Abridged model	30/09/2006	05/03/2007	21/03/2007	French	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 30/09/2025 · 3 active · 23 ended

Active mandates

Martin PIROTHON

Administrator - manager

Active

Sylvie ESTERS

Managing director

Active

Yves PIROTHON

Managing director

Active

Ended mandates

Martin PIROTHON

Director · since 01 mars 2018 · until 01 mars 2024

Ended

Sylvie ESTERS

Director · since 01 mars 2018 · until 01 mars 2024

Ended

Yves PIROTHON

Managing director · since 01 mars 2018 · until 01 mars 2024

Ended

Yves PIROTHON

Managing director · since 01 mars 2018 · until 24 mars 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates22/12/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates14/04/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates16/05/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2010
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 202566,7 k €↓
2024
Annual accounts 202496,4 k €↓
2023
Annual accounts 2023108 k €↑
2022
Annual accounts 202282,3 k €↑
2021
Annual accounts 202139,5 k €↓
2020
Annual accounts 202062,6 k €↑
2019
Annual accounts 201956,5 k €↓
2018
Annual accounts 201878,4 k €↑
2017
Annual accounts 201741,5 k €↑
2016
Annual accounts 201634,2 k €↓
2015
Annual accounts 201582,8 k €↑
2014
Annual accounts 201435,5 k €↑
2013
Annual accounts 201318,9 k €↓
2012
Annual accounts 201233,2 k €↑
2011
Annual accounts 20116,3 k €↓
2010
Annual accounts 201019,6 k €↓
2009
Annual accounts 200926,9 k €↑
2008
Annual accounts 200821,8 k €↑
2007
Annual accounts 200721,3 k €
09/03/1989
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

GESSOFOR

Overview

What does GESSOFOR do?

Trend over 19 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