ACTIVE

LISARDE

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Financial year 2025 · closed on 31/12/2025

Net result

43,5 k €

+32.4% YoY

Gross margin

301,4 k €

+27.4% YoY

Equity

406,1 k €

+11.1% YoY

Workforce

2,5 ETP

+13.6% YoY

What does LISARDE do?

LISARDE is a Public limited company incorporated in 1997. Its registered office is in Waregem. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.932.428

Incorporation

04/02/1997

Legal form

Public limited company

Registered office

Pijkstraat 77
8790 Waregem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

2,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	301,4 k €	+27.4%	236,6 k €	+65.9%	142,6 k €	+51.6%	94,1 k €	+14.7%	82 k €	-25.4%	110 k €	+58.7%	69,3 k €	+56.6%	44,3 k €	+58.0%	28 k €	-32.3%	41,4 k €	-8.3%	45,1 k €	-15.3%	53,3 k €	-15.8%	63,3 k €	+10.8%	57,1 k €	-24.8%	75,9 k €	+35.5%	56 k €	-2.8%	57,6 k €	+67.6%	34,4 k €	-41.4%	58,7 k €	+58.1%	37,1 k €
EBITDA	179,4 k €	+24.0%	144,7 k €	+64.5%	88 k €	+19.3%	73,7 k €	+4.1%	70,8 k €	-30.5%	101,9 k €	+68.8%	60,4 k €	+46.7%	41,1 k €	+91.5%	21,5 k €	-42.3%	37,3 k €	-7.9%	40,5 k €	-9.9%	44,9 k €	-22.3%	57,8 k €	+16.4%	49,7 k €	-28.1%	69 k €	+36.7%	50,5 k €	-2.7%	51,9 k €	+85.8%	28 k €	-46.2%	51,9 k €	+67.3%	31 k €
Operating result	89 k €	+15.3%	77,2 k €	+139%	32,3 k €	+23.9%	26,1 k €	-6.0%	27,7 k €	-48.7%	54,1 k €	+872%	5,6 k €	-62.4%	14,8 k €	+281%	-8,2 k €	-196%	8,5 k €	-21.1%	10,8 k €	+3.5%	10,4 k €	-62.9%	28,2 k €	+71.3%	16,4 k €	-50.2%	33,1 k €	+5.9%	31,2 k €	-5.1%	32,9 k €	+71.0%	19,2 k €	-50.9%	39,2 k €	+144%	16,1 k €
Net result	43,5 k €	+32.4%	32,8 k €	+765%	3,8 k €	-63.1%	10,3 k €	-16.4%	12,3 k €	-71.3%	42,9 k €	+430%	-13 k €	-406%	4,3 k €	+148%	-8,9 k €	-1078%	908,5 €	-82.6%	5,2 k €	-41.0%	8,8 k €	-54.8%	19,6 k €	+111%	9,3 k €	-55.0%	20,6 k €	-0.5%	20,7 k €	-4.1%	21,6 k €	+121%	9,8 k €	-59.0%	23,8 k €	+383%	4,9 k €
Balance sheet
Equity	406,1 k €	+11.1%	365,6 k €	+9.9%	332,8 k €	+1.2%	329 k €	+3.2%	318,7 k €	+4.0%	306,4 k €	+16.3%	263,5 k €	-4.7%	276,5 k €	+1.6%	272,2 k €	-3.2%	281,1 k €	+0.3%	280,2 k €	+1.9%	275 k €	+3.3%	266,2 k €	+7.9%	246,6 k €	+3.9%	237,3 k €	+9.5%	216,8 k €	+10.5%	196,1 k €	+12.3%	174,5 k €	+5.9%	164,8 k €	+16.9%	141 k €
Total assets	1,2 M €	+10.9%	1,1 M €	+10.2%	1 M €	+4.0%	982,1 k €	+9.7%	895,1 k €	+2.5%	872,9 k €	+3.7%	841,8 k €	+82.5%	461,3 k €	-3.0%	475,5 k €	-4.7%	498,7 k €	+2.7%	485,6 k €	-3.2%	501,5 k €	+4.2%	481,4 k €	+4.9%	459 k €	+0.9%	455,1 k €	+6.3%	428 k €	+3.9%	411,8 k €	+27.3%	323,4 k €	+5.6%	306,3 k €	+4.3%	293,8 k €
Cash	68,1 k €	+33.6%	51 k €	+111%	24,2 k €	-25.5%	32,5 k €	-17.5%	39,3 k €	-7.6%	42,6 k €	+51.4%	28,1 k €	-62.8%	75,5 k €	+1818%	3,9 k €	-86.3%	28,7 k €	+196%	9,7 k €	-80.5%	49,7 k €	-14.8%	58,4 k €	+87.8%	31,1 k €	-5.6%	32,9 k €	+22.2%	27 k €	-29.2%	38,1 k €	+75.0%	21,8 k €	-38.4%	35,3 k €	-27.1%	48,5 k €
Debts	789,4 k €	+10.9%	711,9 k €	+6.9%	666,1 k €	+2.0%	653,2 k €	+13.4%	575,7 k €	+1.8%	565,8 k €	-2.1%	577,6 k €	+214%	183,8 k €	-8.9%	201,8 k €	-6.6%	216,1 k €	+6.0%	203,8 k €	-8.4%	222,5 k €	+5.3%	211,2 k €	+1.3%	208,4 k €	-2.5%	213,8 k €	+3.1%	207,2 k €	-2.1%	211,7 k €	+43.7%	147,4 k €	+5.2%	140,1 k €	-7.4%	151,3 k €
Other
Workforce	2,5 ETP	+13.6%	2,2 ETP	+144%	0,9 ETP	+80.0%	0,5 ETP		–		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	-50.0%	0,2 ETP	+100%	0,1 ETP	0.0%	0,1 ETP	-50.0%	0,2 ETP	+100%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

Hilde Lisarde

Director · since 16 novembre 2023 · until 15 novembre 2029

Active

Olivier Lisarde

Director · since 16 novembre 2023 · until 15 novembre 2029

Active

Piet Lisarde

Director · since 16 novembre 2023 · until 15 novembre 2029

Active

Ended mandates

Hilde Lisarde

Managing director · since 13 juin 2015 · until 13 juin 2021

Ended

Olivier Lisarde

Director · since 13 juin 2015 · until 13 juin 2021

Ended

Piet Lisarde

Managing director · since 13 juin 2015 · until 13 juin 2021

Ended

Hilde Lisarde

Managing director · since 13 juin 2009 · until 13 juin 2015

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	28/08/2026	05/08/2025	10/07/2024	11/07/2023	26/08/2022	09/07/2021
General meeting	31/07/2026	12/07/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021
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	31/07/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	12/07/2025	05/08/2025	Dutch	PDF
Abridged model	31/12/2023	08/06/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	10/06/2023	11/07/2023	Dutch	PDF
Micro model	31/12/2021	11/06/2022	26/08/2022	Dutch	PDF
Micro model	31/12/2020	12/06/2021	09/07/2021	Dutch	PDF
Micro model	31/12/2019	13/06/2020	24/07/2020	Dutch	PDF
Micro model	31/12/2018	03/07/2019	24/07/2019	Dutch	PDF
Micro model	31/12/2017	09/06/2018	15/06/2018	Dutch	PDF
Micro model	31/12/2016	10/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	17/06/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	14/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 16 ended

Active mandates

Hilde Lisarde

Director · since 16 novembre 2023 · until 15 novembre 2029

Active

Olivier Lisarde

Director · since 16 novembre 2023 · until 15 novembre 2029

Active

Piet Lisarde

Director · since 16 novembre 2023 · until 15 novembre 2029

Active

Ended mandates

Hilde Lisarde

Managing director · since 13 juin 2015 · until 13 juin 2021

Ended

Olivier Lisarde

Director · since 13 juin 2015 · until 13 juin 2021

Ended

Piet Lisarde

Managing director · since 13 juin 2015 · until 13 juin 2021

Ended

Hilde Lisarde

Managing director · since 13 juin 2009 · until 13 juin 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2008
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/05/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/10/2003
ONTSLAGEN - BENOEMINGEN
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 202543,5 k €↑
2024
Annual accounts 202432,8 k €↑
2023
Annual accounts 20233,8 k €↓
2022
Annual accounts 202210,3 k €↓
2021
Annual accounts 202112,3 k €↓
2020
Annual accounts 202042,9 k €↑
2019
Annual accounts 2019-13 k €↓
2018
Annual accounts 20184,3 k €↑
2017
Annual accounts 2017-8,9 k €↓
2016
Annual accounts 2016908,5 €↓
2015
Annual accounts 20155,2 k €↓
2014
Annual accounts 20148,8 k €↓
2013
Annual accounts 201319,6 k €↑
2012
Annual accounts 20129,3 k €↓
2011
Annual accounts 201120,6 k €↓
2010
Annual accounts 201020,7 k €↓
2009
Annual accounts 200921,6 k €↑
2008
Annual accounts 20089,8 k €↓
2007
Annual accounts 200723,8 k €↑
2006
Annual accounts 20064,9 k €
04/02/1997
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

LISARDE

Overview

What does LISARDE 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