ACTIVE

BLAISE

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Financial year 2025 · closed on 31/12/2025

Net result

163,6 k €

+5.6% YoY

Gross margin

372,7 k €

+20.6% YoY

Equity

1 M €

-4.0% YoY

What does BLAISE do?

BLAISE is a Private limited company incorporated in 1995. Its main activity is: Forestry and logging. Its registered office is in Couvin.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.374.913

Incorporation

29/06/1995

Legal form

Private limited company

Registered office

Rue du Béguinage 40
5660 Couvin · WallonieSee on map

Contributed capital

7 044,73 €

Latest accounts

31/12/2025

Activities (NACE)

02012Forestry and logging· main 02200Logging 02200Logging

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	372,7 k €	+20.6%	309 k €	-12.5%	353,1 k €	+37.6%	256,5 k €	+147%	103,7 k €	-42.6%	180,6 k €	-40.3%	302,8 k €	+21.0%	250,3 k €	+54.5%	162 k €	-10.7%	181,4 k €	-0.6%	182,6 k €	+33.8%	136,5 k €	+14.6%	119,1 k €	+20.5%	98,8 k €	+21.3%	81,5 k €	-16.5%	97,5 k €	+63.8%	59,5 k €	-14.9%	69,9 k €	-4.7%	73,4 k €	+13.5%	64,7 k €
EBITDA	341,6 k €	+25.1%	273,1 k €	-16.3%	326,4 k €	+43.4%	227,6 k €	+184%	80,2 k €	-46.3%	149,4 k €	-45.4%	273,4 k €	+19.7%	228,4 k €	+63.3%	139,9 k €	-20.0%	174,9 k €	-3.7%	181,7 k €	+36.9%	132,7 k €	+12.4%	118,1 k €	+21.9%	96,9 k €	+20.8%	80,3 k €	-16.8%	96,4 k €	+64.5%	58,6 k €	-13.3%	67,6 k €	-5.3%	71,4 k €	+44.9%	49,3 k €
Operating result	295 k €	+28.1%	230,3 k €	-15.9%	273,9 k €	+48.5%	184,5 k €	+381%	38,4 k €	-64.5%	108,1 k €	-53.6%	232,9 k €	+22.4%	190,2 k €	+87.9%	101,2 k €	-26.7%	138,2 k €	-4.2%	144,3 k €	+50.6%	95,8 k €	+75.4%	54,6 k €	-16.2%	65,2 k €	+32.2%	49,3 k €	-22.6%	63,8 k €	+148%	25,8 k €	-25.2%	34,4 k €	-37.7%	55,3 k €	+64.4%	33,6 k €
Net result	163,6 k €	+5.6%	154,9 k €	-19.6%	192,6 k €	+58.9%	121,2 k €	+460%	21,6 k €	-67.4%	66,5 k €	-58.7%	161,1 k €	+24.5%	129,4 k €	+138%	54,3 k €	-33.2%	81,2 k €	+8.3%	75 k €	-13.4%	86,6 k €	+47.6%	58,6 k €	+28.8%	45,5 k €	+68.4%	27 k €	+7.5%	25,2 k €	+181%	8,9 k €	+63.9%	5,5 k €	-58.4%	13,1 k €	+1008%	1,2 k €
Balance sheet
Equity	1 M €	-4.0%	1,1 M €	+10.2%	972 k €	+3.8%	936,5 k €	+9.4%	856,4 k €	+2.5%	835,8 k €	+9.4%	764,3 k €	+22.6%	623,2 k €	+19.9%	519,9 k €	+11.7%	465,6 k €	+18.3%	393,4 k €	+23.5%	318,4 k €	+24.2%	256,3 k €	+26.8%	202,2 k €	+25.5%	161,1 k €	+16.3%	138,5 k €	+0.5%	137,8 k €	+29.3%	106,6 k €	+5.4%	101,2 k €	+14.9%	88,1 k €
Total assets	1,5 M €	-2.2%	1,5 M €	-8.9%	1,7 M €	+14.9%	1,5 M €	+10.1%	1,3 M €	+2.2%	1,3 M €	-1.7%	1,3 M €	+14.4%	1,2 M €	+24.0%	942 k €	-6.3%	1 M €	+11.9%	899 k €	+13.9%	789,4 k €	+5.6%	747,7 k €	+37.0%	545,6 k €	-17.7%	663,1 k €	+17.4%	564,7 k €	-4.8%	593,4 k €	+6.8%	555,6 k €	+8.0%	514,6 k €	-6.9%	552,9 k €
Cash	957,9 k €	-9.6%	1,1 M €	-5.6%	1,1 M €	+19.8%	936,5 k €	+16.4%	804,3 k €	+4.1%	772,8 k €	+22.1%	632,8 k €	-1.2%	640,3 k €	+54.1%	415,6 k €	-12.2%	473,4 k €	+6.9%	442,6 k €	+121%	200,7 k €	+0.0%	200,6 k €	+34.6%	149 k €	-31.9%	218,9 k €	+62.2%	134,9 k €	+11.4%	121,1 k €	+102%	60 k €	-19.3%	74,4 k €	+256%	20,9 k €
Debts	483,2 k €	+2.5%	471,3 k €	-34.5%	719,9 k €	+35.4%	531,6 k €	+12.6%	472,3 k €	+2.7%	459,8 k €	-16.7%	552 k €	+1.3%	545 k €	+29.1%	422,2 k €	-21.8%	540,2 k €	+6.9%	505,6 k €	+7.5%	470,5 k €	-4.3%	491,4 k €	+44.3%	340,5 k €	-31.9%	500,3 k €	+17.4%	426,2 k €	-6.5%	455,6 k €	+1.5%	449 k €	+8.6%	413,5 k €	-11.0%	464,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 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 · 2 active · 3 ended

Active mandates

Christophe Blaise

Mandate

Active

Patricia Lenzi

Mandate

Active

Ended mandates

CHRISTOPHE BLAISE

Administrator - manager

Ended

CHRISTOPHE BLAISE

Manager

Ended

Patricia LENZI

Director

Ended

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	26/05/2025	21/05/2024	15/05/2023	03/05/2022	17/05/2021
General meeting	24/04/2026	25/04/2025	26/04/2024	28/04/2023	22/04/2022	23/04/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/04/2026	21/05/2026	French	PDF
Micro model	31/12/2024	25/04/2025	26/05/2025	French	PDF
Micro model	31/12/2023	26/04/2024	21/05/2024	French	PDF
Micro model	31/12/2022	28/04/2023	15/05/2023	French	PDF
Micro model	31/12/2021	22/04/2022	03/05/2022	French	PDF
Micro model	31/12/2020	23/04/2021	17/05/2021	French	PDF
Micro model	31/12/2019	24/04/2020	11/05/2020	French	PDF
Micro model	31/12/2018	26/04/2019	21/05/2019	French	PDF
Abridged model	31/12/2017	27/04/2018	23/05/2018	French	PDF
Abridged model	31/12/2016	28/04/2017	01/06/2017	French	PDF
Abridged model	31/12/2015	22/04/2016	06/06/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	06/07/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	25/07/2014	French	PDF
Abridged model	31/12/2012	26/04/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	27/04/2012	24/05/2012	French	PDF
Abridged model	31/12/2010	29/04/2011	26/05/2011	French	PDF
Abridged model	31/12/2009	23/04/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	24/04/2009	15/05/2009	French	PDF
Abridged model	31/12/2007	11/04/2008	28/05/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	22/06/2007	French	PDF
Abridged model	31/12/2005	26/06/2006	20/03/2007	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 · 2 active · 3 ended

Active mandates

Christophe Blaise

Mandate

Active

Patricia Lenzi

Mandate

Active

Ended mandates

CHRISTOPHE BLAISE

Administrator - manager

Ended

CHRISTOPHE BLAISE

Manager

Ended

Patricia LENZI

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
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 2025163,6 k €↑
2024
Annual accounts 2024154,9 k €↓
2023
Annual accounts 2023192,6 k €↑
2022
Annual accounts 2022121,2 k €↑
2021
Annual accounts 202121,6 k €↓
2020
Annual accounts 202066,5 k €↓
2019
Annual accounts 2019161,1 k €↑
2018
Annual accounts 2018129,4 k €↑
2017
Annual accounts 201754,3 k €↓
2016
Annual accounts 201681,2 k €↑
2015
Annual accounts 201575 k €↓
2014
Annual accounts 201486,6 k €↑
2013
Annual accounts 201358,6 k €↑
2012
Annual accounts 201245,5 k €↑
2011
Annual accounts 201127 k €↑
2010
Annual accounts 201025,2 k €↑
2009
Annual accounts 20098,9 k €↑
2008
Annual accounts 20085,5 k €↓
2007
Annual accounts 200713,1 k €↑
2006
Annual accounts 20061,2 k €
29/06/1995
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

BLAISE

Overview

What does BLAISE 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