ACTIVE

LIZEN - SEPUL

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Financial year 2025 · closed on 31/12/2025

Net result

199,4 k €

+186.4% YoY

Revenue

1,6 M €

+17.8% YoY

Equity

488,2 k €

+69.0% YoY

Workforce

1,8 ETP

+38.5% YoY

What does LIZEN - SEPUL do?

LIZEN - SEPUL is a Public limited company incorporated in 2003. Its main activity is: Forestry and logging. Its registered office is in Nassogne. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.748.727

Incorporation

10/06/2003

Legal form

Public limited company

Registered office

Haute-Voie-de-Marche 16
6950 Nassogne · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

1,8 ETP

Activities (NACE)

02012Forestry and logging· main 02200Logging 02200Logging 93022Sports activities and amusement and recreation activities 96022Hairdressing and other beauty treatment 96220Other personal service activities

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
Revenue	1,6 M €	+17.8%	1,4 M €	-0.0%	1,4 M €	-6.2%	1,5 M €	+48.3%	985,8 k €	+19.6%	824,1 k €	+17.0%	704,2 k €	-10.6%	787,5 k €	+38.8%	567,2 k €	+45.7%	389,4 k €	-21.9%	498,6 k €	+5.9%	470,7 k €	-3.6%	488,3 k €	+8.8%	448,6 k €	-13.3%	517,7 k €	+4.8%	494,1 k €	+20.2%	411 k €	+36.6%	300,9 k €	+13.5%	265,2 k €	-37.0%	420,9 k €
EBITDA	400,1 k €	+80.1%	222,2 k €	+66.6%	133,3 k €	+31.5%	101,4 k €	+18.0%	85,9 k €	+0.7%	85,3 k €	-5.2%	89,9 k €	+2.3%	87,9 k €	+32.0%	66,6 k €	-1.3%	67,4 k €	+28.1%	52,6 k €	+15.7%	45,5 k €	-28.9%	63,9 k €	+34422%	185,2 €	-99.7%	62,8 k €	-0.8%	63,3 k €	-9.9%	70,3 k €	+0.1%	70,2 k €	+10.0%	63,8 k €	+47.9%	43,1 k €
Operating result	271 k €	+169%	100,7 k €	+121%	45,4 k €	+44.4%	31,5 k €	+65.6%	19 k €	-28.5%	26,6 k €	-14.7%	31,2 k €	-4.3%	32,6 k €	+12.7%	28,9 k €	+45.2%	19,9 k €	+32.2%	15,1 k €	+101%	7,5 k €	-68.7%	23,9 k €	+166%	-36,5 k €	-216%	31,5 k €	+84.4%	17,1 k €	-38.6%	27,8 k €	-4.1%	29 k €	+235%	8,7 k €	+535%	-2 k €
Net result	199,4 k €	+186%	69,6 k €	+126%	30,9 k €	+42.7%	21,6 k €	+0.9%	21,4 k €	+5.7%	20,3 k €	-2.6%	20,8 k €	-20.5%	26,2 k €	+42.7%	18,4 k €	+45.3%	12,6 k €	-31.6%	18,5 k €	+49.3%	12,4 k €	-43.2%	21,8 k €	+493%	-5,5 k €	-128%	20 k €	+46.5%	13,7 k €	-40.5%	23 k €	+9.6%	21 k €	+156%	8,2 k €	-44.0%	14,7 k €
Balance sheet
Equity	488,2 k €	+69.0%	288,8 k €	+21.3%	238,2 k €	+3.4%	230,3 k €	-31.3%	335,2 k €	+6.8%	313,7 k €	+6.9%	293,5 k €	+7.6%	272,6 k €	+11.3%	245 k €	+8.1%	226,6 k €	+6.4%	213 k €	+4.6%	203,6 k €	+121%	92,1 k €	-47.0%	173,7 k €	-4.9%	182,6 k €	+10.1%	165,9 k €	+6.7%	155,5 k €	+15.7%	134,4 k €	+34.2%	100,2 k €	+8.9%	92 k €
Total assets	678,7 k €	-2.3%	694,7 k €	+1.1%	687,3 k €	+7.4%	640,2 k €	-2.4%	655,9 k €	+46.7%	447,1 k €	-9.2%	492,6 k €	+5.9%	465 k €	+9.7%	423,8 k €	+9.5%	386,9 k €	-23.3%	504,6 k €	+3.3%	488,4 k €	+16.1%	420,6 k €	-1.4%	426,5 k €	-7.0%	458,4 k €	+24.4%	368,4 k €	-3.0%	379,6 k €	+5.7%	359,3 k €	+72.5%	208,2 k €	-9.4%	229,8 k €
Cash	115,1 k €	+172%	42,3 k €	+98.0%	21,4 k €	+20.8%	17,7 k €	+60.1%	11,1 k €	-78.4%	51,2 k €	-7.9%	55,5 k €	-19.2%	68,7 k €	+72.5%	39,8 k €	+1832%	2,1 k €	-67.0%	6,3 k €	-25.0%	8,3 k €	+5.1%	7,9 k €	-57.8%	18,8 k €	-64.8%	53,3 k €	+341%	12,1 k €	-16.1%	14,4 k €	-76.7%	61,7 k €	+913%	6,1 k €	-78.6%	28,5 k €
Debts	190,5 k €	-53.1%	405,9 k €	-9.6%	449,2 k €	+9.6%	409,8 k €	+27.8%	320,7 k €	+140%	133,4 k €	-33.0%	199,2 k €	+3.6%	192,3 k €	+7.6%	178,8 k €	+11.6%	160,3 k €	-45.0%	291,6 k €	+2.4%	284,8 k €	-13.3%	328,4 k €	+29.9%	252,8 k €	-7.7%	273,9 k €	+35.2%	202,5 k €	-9.6%	224,1 k €	-0.3%	224,8 k €	+108%	108 k €	-21.6%	137,8 k €
Other
Workforce	1,8 ETP	+38.5%	1,3 ETP	+30.0%	1,0 ETP	+42.9%	0,7 ETP		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	-47.6%	2,1 ETP	+31.3%	1,6 ETP	+14.3%	1,4 ETP	+367%	0,3 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 31/12/2025 · 2 active · 2 ended

Active mandates

ERIC LIZEN

Managing director

Active

SABINE SEPUL

Director

Active

Ended mandates

ERIC LIZEN

Mandate

Ended

SABINE SEPUL

Mandate

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	27/08/2026	19/08/2025	27/08/2024	07/07/2023	05/08/2022	29/06/2021
General meeting	26/08/2026	19/08/2025	26/08/2024	04/07/2023	25/07/2022	25/05/2021
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
Abridged model	31/12/2025	26/08/2026	27/08/2026	French	PDF
Abridged model	31/12/2024	19/08/2025	19/08/2025	French	PDF
Abridged model	31/12/2023	26/08/2024	27/08/2024	French	PDF
Abridged model	31/12/2022	04/07/2023	07/07/2023	French	PDF
Abridged model	31/12/2021	25/07/2022	05/08/2022	French	PDF
Abridged model	31/12/2020	25/05/2021	29/06/2021	French	PDF
Abridged model	31/12/2019	31/07/2020	12/08/2020	French	PDF
Abridged model	31/12/2018	25/07/2019	25/07/2019	French	PDF
Abridged model	31/12/2017	30/07/2018	08/08/2018	French	PDF
Abridged model	31/12/2016	18/08/2017	18/08/2017	French	PDF
Abridged model	31/12/2015	30/08/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	04/08/2015	French	PDF
Abridged model	31/12/2013	06/08/2014	06/08/2014	French	PDF
Abridged model	31/12/2012	27/08/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	03/08/2012	03/08/2012	French	PDF
Abridged model	31/12/2010	07/07/2011	07/07/2011	French	PDF
Abridged model	31/12/2009	09/06/2010	10/06/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	29/05/2009	French	PDF
Abridged model	31/12/2007	29/07/2008	29/07/2008	French	PDF
Abridged model	31/12/2006	23/05/2007	24/05/2007	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 31/12/2025 · 2 active · 2 ended

Active mandates

ERIC LIZEN

Managing director

Active

SABINE SEPUL

Director

Active

Ended mandates

ERIC LIZEN

Mandate

Ended

SABINE SEPUL

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/12/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/10/2021
CAPITAL, ACTIONS
PDF
Mandates03/09/2021
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates28/07/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares10/06/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/06/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates21/10/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates28/09/2004
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 2025199,4 k €↑
2024
Annual accounts 202469,6 k €↑
2023
Annual accounts 202330,9 k €↑
2022
Annual accounts 202221,6 k €↑
2021
Annual accounts 202121,4 k €↑
2020
Annual accounts 202020,3 k €↓
2019
Annual accounts 201920,8 k €↓
2018
Annual accounts 201826,2 k €↑
2017
Annual accounts 201718,4 k €↑
2016
Annual accounts 201612,6 k €↓
2015
Annual accounts 201518,5 k €↑
2014
Annual accounts 201412,4 k €↓
2013
Annual accounts 201321,8 k €↑
2012
Annual accounts 2012-5,5 k €↓
2011
Annual accounts 201120 k €↑
2010
Annual accounts 201013,7 k €↓
2009
Annual accounts 200923 k €↑
2008
Annual accounts 200821 k €↑
2007
Annual accounts 20078,2 k €↓
2006
Annual accounts 200614,7 k €
10/06/2003
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

LIZEN - SEPUL

Overview

What does LIZEN - SEPUL 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