ACTIVE

ARDEN'FOREST

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Financial year 2025 · closed on 31/12/2025

Net result

-22,9 k €

-574.3% YoY

Gross margin

194,9 k €

-12.2% YoY

Equity

273,5 k €

-7.7% YoY

Workforce

1,4 ETP

-26.3% YoY

What does ARDEN'FOREST do?

ARDEN'FOREST is a Private company with limited liability incorporated in 2004. Its main activity is: Logging. Its registered office is in Florenville. It employs on average 1,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.195.539

Incorporation

10/09/2004

Legal form

Private company with limited liability

Registered office

Les Hauts de Lambermont, Muno 1
6820 Florenville · WallonieSee on map

Contributed capital

39 900,00 €

Latest accounts

31/12/2025

Average workforce

1,4 ETP

Activities (NACE)

02200Logging· main 02200Logging

Signals

Good liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	194,9 k €	-12.2%	222,1 k €	-1.5%	225,5 k €	-13.7%	261,2 k €	-16.4%	312,5 k €	-17.9%	380,9 k €	-21.4%	484,5 k €	+86.6%	259,6 k €	-4.1%	270,6 k €	+32.0%	205 k €	+75.1%	117,1 k €	-24.8%	155,7 k €	-16.6%	186,7 k €	+7.8%	173,2 k €	+27.6%	135,7 k €	+231%	41 k €	-46.6%	76,8 k €	+387%	15,8 k €	-31.2%	22,9 k €	-51.0%	46,8 k €
EBITDA	109,8 k €	-13.0%	126,2 k €	-26.1%	170,7 k €	-18.3%	209 k €	-6.7%	224,1 k €	-10.6%	250,6 k €	+17.1%	214,1 k €	+14.6%	186,9 k €	-17.2%	225,6 k €	+25.6%	179,5 k €	+98.6%	90,4 k €	-36.0%	141,2 k €	-10.1%	157,1 k €	+14.2%	137,6 k €	+16.0%	118,7 k €	+220%	37,1 k €	-51.4%	76,3 k €	+403%	15,2 k €	-32.4%	22,4 k €	-42.4%	38,9 k €
Operating result	-8,3 k €	-140%	20,8 k €	+364%	-7,9 k €	-124%	33,2 k €	-49.8%	66,1 k €	+4.6%	63,2 k €	+36.9%	46,2 k €	+248%	13,3 k €	-79.8%	65,6 k €	+31.0%	50,1 k €	+1935%	-2,7 k €	-109%	32 k €	+10.8%	28,9 k €	-52.0%	60,3 k €	+49.5%	40,3 k €	+564%	6,1 k €	-88.0%	50,7 k €	+544%	-11,4 k €	+50.6%	-23,1 k €	-250%	-6,6 k €
Net result	-22,9 k €	-574%	4,8 k €	+113%	-37,2 k €	-369%	13,8 k €	-74.7%	54,8 k €	+37.6%	39,8 k €	+70.0%	23,4 k €	+387%	4,8 k €	-85.4%	33 k €	+62.3%	20,3 k €	+583%	3 k €	-75.4%	12,1 k €	+79.8%	6,7 k €	-84.0%	42,1 k €	+72.4%	24,4 k €	+842%	-3,3 k €	-106%	54,3 k €	+368%	-20,2 k €	-4.5%	-19,4 k €	-349%	-4,3 k €
Balance sheet
Equity	273,5 k €	-7.7%	296,4 k €	+0.6%	294,7 k €	-12.2%	335,6 k €	+3.1%	325,6 k €	+14.3%	284,7 k €	+12.6%	252,8 k €	+5.9%	238,8 k €	+20.6%	198 k €	+17.0%	169,2 k €	+10.5%	153,1 k €	+12.7%	135,9 k €	+9.8%	123,8 k €	+5.8%	117 k €	+56.2%	74,9 k €	+48.3%	50,5 k €	-6.1%	53,8 k €	+246%	15,5 k €	-64.5%	43,8 k €	-38.5%	71,2 k €
Total assets	1,3 M €	-2.7%	1,4 M €	+2.2%	1,4 M €	-2.3%	1,4 M €	-13.6%	1,6 M €	+20.8%	1,3 M €	-17.6%	1,6 M €	+24.6%	1,3 M €	+15.8%	1,1 M €	-6.8%	1,2 M €	+68.6%	711,7 k €	-3.7%	738,7 k €	-16.9%	889,2 k €	+76.5%	503,8 k €	-6.0%	535,9 k €	-9.9%	595,1 k €	+146%	242 k €	-29.1%	341 k €	+135%	145,1 k €	-29.2%	205,1 k €
Cash	19,6 k €	+170%	7,3 k €	+892%	732 €	-92.7%	10 k €	+83.9%	5,4 k €	-22.7%	7 k €	+308%	1,7 k €	-54.1%	3,8 k €	-94.3%	66,4 k €	+87908%	75,4 €		–		6 k €	-8.2%	6,6 k €	+24.3%	5,3 k €	+152%	2,1 k €	-30.1%	3 k €	-78.0%	13,6 k €	-46.9%	25,6 k €	+2063%	1,2 k €	-93.2%	17,5 k €
Debts	1,1 M €	-1.3%	1,1 M €	+2.6%	1,1 M €	+0.9%	1,1 M €	-17.9%	1,3 M €	+22.5%	1 M €	-23.2%	1,4 M €	+28.8%	1,1 M €	+14.8%	919,9 k €	-10.8%	1 M €	+84.5%	558,6 k €	-7.3%	602,8 k €	-21.2%	765,5 k €	+97.9%	386,8 k €	-16.1%	460,8 k €	-15.4%	544,4 k €	+189%	188,2 k €	-42.2%	325,5 k €	+221%	101,3 k €	-24.3%	133,8 k €
Other
Workforce	1,4 ETP	-26.3%	1,9 ETP	+90.0%	1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP	-43.5%	2,3 ETP	-62.3%	6,1 ETP	+96.8%	3,1 ETP	+107%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	-34.8%	2,3 ETP	-8.0%	2,5 ETP	0.0%	2,5 ETP	+38.9%	1,8 ETP	+350%	0,4 ETP		–		–		–		0,3 ETP

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 · 2 active · 4 ended

Active mandates

Pascal Limonier

Administrator - manager · since 26 août 2004

Active

Cathy Pinon

Administrator - manager

Active

Ended mandates

Jean-François Martin

Manager · since 05 janvier 2006

Ended

Anselme Ramos

Manager · since 26 août 2004

Ended

Pascal Limonier

Manager · since 26 août 2004

Ended

Cathy Pinon

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
GONTIER-BECHOUX RENE JOSEPH● Active	0594.348.395
LES PIQUETS D'ARDENNE● Active	0841.850.825

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	24/06/2026	20/06/2025	04/07/2024	28/07/2023	17/06/2022	25/06/2021
General meeting	15/06/2026	16/06/2025	15/06/2024	30/06/2023	15/06/2022	15/06/2021
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	15/06/2026	24/06/2026	French	PDF
Abridged model	31/12/2024	16/06/2025	20/06/2025	French	PDF
Abridged model	31/12/2023	15/06/2024	04/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	28/07/2023	French	PDF
Abridged model	31/12/2021	15/06/2022	17/06/2022	French	PDF
Abridged model	31/12/2020	15/06/2021	25/06/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	30/07/2020	French	PDF
Abridged model	31/12/2018	15/06/2019	25/06/2019	French	PDF
Abridged model	31/12/2017	22/08/2018	24/08/2018	French	PDF
Abridged model	31/12/2016	28/08/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	25/07/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	23/07/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	18/06/2014	French	PDF
Abridged model	31/12/2012	15/06/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	22/06/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	29/06/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	16/06/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	17/06/2009	French	PDF
Abridged model	31/12/2007	15/06/2008	24/06/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	18/06/2007	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 · 2 active · 4 ended

Active mandates

Pascal Limonier

Administrator - manager · since 26 août 2004

Active

Cathy Pinon

Administrator - manager

Active

Ended mandates

Jean-François Martin

Manager · since 05 janvier 2006

Ended

Anselme Ramos

Manager · since 26 août 2004

Ended

Pascal Limonier

Manager · since 26 août 2004

Ended

Cathy Pinon

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office14/09/2017
SIEGE SOCIAL
PDF
Mandates21/09/2015
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates20/05/2008
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates13/01/2006
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates30/03/2005
DEMISSIONS, NOMINATIONS
PDF
Other20/09/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-22,9 k €↓
2024
Annual accounts 20244,8 k €↑
2023
Annual accounts 2023-37,2 k €↓
2022
Annual accounts 202213,8 k €↓
2021
Annual accounts 202154,8 k €↑
2020
Annual accounts 202039,8 k €↑
2019
Annual accounts 201923,4 k €↑
2018
Annual accounts 20184,8 k €↓
2017
Annual accounts 201733 k €↑
2016
Annual accounts 201620,3 k €↑
2015
Annual accounts 20153 k €↓
2014
Annual accounts 201412,1 k €↑
2013
Annual accounts 20136,7 k €↓
2012
Annual accounts 201242,1 k €↑
2011
Annual accounts 201124,4 k €↑
2010
Annual accounts 2010-3,3 k €↓
2009
Annual accounts 200954,3 k €↑
2008
Annual accounts 2008-20,2 k €↓
2007
Annual accounts 2007-19,4 k €↓
2006
Annual accounts 2006-4,3 k €
10/09/2004
IncorporationPrivate company with limited liability

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

ARDEN'FOREST

Overview

What does ARDEN'FOREST 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