ACTIVE

SAPICOU

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Financial year 2025 · closed on 30/06/2025

Net result

251,4 €

-88.0% YoY

Gross margin

5,4 k €

-17.5% YoY

Equity

124,8 k €

+0.2% YoY

What does SAPICOU do?

SAPICOU is a Private company with limited liability incorporated in 2007. Its main activity is: Forestry and logging. Its registered office is in Malmedy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.453.376

Incorporation

15/05/2007

Legal form

Private company with limited liability

Registered office

Burnenville-Ch. du Bois du Loup 11
4960 Malmedy · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

02011Forestry and logging· main 02100Silviculture and other forestry activities 02100Silviculture and other forestry activities 02012Forestry and logging 02020Forestry and logging 02200Logging+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	5,4 k €	-17.5%	6,5 k €	+48.8%	4,4 k €	-42.7%	7,6 k €	+52.4%	5 k €	+88.1%	2,7 k €	-78.7%	12,5 k €	-31.4%	18,2 k €	-2.2%	18,6 k €	-9.7%	20,6 k €	-30.7%	29,7 k €	-37.5%	47,6 k €	+59.6%	29,8 k €	-39.3%	49,1 k €	+170%	18,2 k €	+16.7%	15,6 k €	+39.2%	11,2 k €	+39.6%	8 k €
EBITDA	4,7 k €	-18.7%	5,8 k €	+53.1%	3,8 k €	-46.0%	7 k €	+58.2%	4,4 k €	+637%	598,9 €	-95.0%	11,9 k €	-32.1%	17,5 k €	-1.9%	17,9 k €	-6.1%	19 k €	-34.9%	29,2 k €	-37.6%	46,8 k €	+60.2%	29,2 k €	-39.6%	48,4 k €	+175%	17,6 k €	+36.9%	12,8 k €	+312%	3,1 k €	-56.7%	7,2 k €
Operating result	3,3 k €	-38.5%	5,3 k €	+41.0%	3,8 k €	-43.8%	6,7 k €	+61.9%	4,1 k €	+1149%	332,2 €	-90.1%	3,4 k €	-59.8%	8,4 k €	+6.2%	7,9 k €	-4.7%	8,3 k €	-54.9%	18,4 k €	-53.4%	39,5 k €	+78.8%	22,1 k €	-45.8%	40,7 k €	+249%	11,7 k €	+77.8%	6,6 k €	+349%	-2,6 k €	-371%	971,4 €
Net result	251,4 €	-88.0%	2,1 k €	+49.1%	1,4 k €	-59.3%	3,5 k €	+78.5%	1,9 k €	+236%	-1,4 k €	-237%	1 k €	-74.8%	4,1 k €	-2.2%	4,2 k €	+284%	1,1 k €	-90.2%	11,2 k €	-56.7%	25,8 k €	+78.9%	14,4 k €	-43.2%	25,4 k €	+227%	7,8 k €	+40.5%	5,5 k €	+318%	-2,5 k €	-573%	534,8 €
Balance sheet
Equity	124,8 k €	+0.2%	124,5 k €	+1.7%	122,4 k €	+1.2%	121 k €	+2.9%	117,6 k €	+1.7%	115,6 k €	-1.2%	117,1 k €	+0.9%	116 k €	+3.7%	111,9 k €	+3.9%	107,7 k €	+1.0%	106,6 k €	+11.7%	95,4 k €	+37.0%	69,6 k €	+26.1%	55,2 k €	+84.9%	29,9 k €	+35.1%	22,1 k €	+33.3%	16,6 k €	-13.2%	19,1 k €
Total assets	167,7 k €	+0.3%	167,2 k €	+2.4%	163,2 k €	+2.1%	159,9 k €	+2.8%	155,6 k €	+2.2%	152,2 k €	+0.2%	152 k €	-8.3%	165,8 k €	+12.0%	148 k €	-6.5%	158,2 k €	+10.5%	143,2 k €	-33.6%	215,5 k €	+104%	105,7 k €	-5.7%	112,1 k €	+90.6%	58,8 k €	+10.2%	53,4 k €	+27.7%	41,8 k €	-5.5%	44,2 k €
Cash	164 k €	+1.7%	161,2 k €	+11.2%	145 k €	-1.7%	147,5 k €	+4.8%	140,7 k €	-2.9%	144,9 k €	+0.9%	143,6 k €	-0.5%	144,3 k €	+27.7%	113 k €	+26.8%	89,1 k €	+6.0%	84,1 k €	-26.4%	114,3 k €	+106%	55,5 k €	-19.2%	68,8 k €	+46.2%	47 k €	+51.7%	31 k €	+52.4%	20,3 k €	+169%	7,6 k €
Debts	42,9 k €	+0.6%	42,6 k €	+4.5%	40,8 k €	+5.0%	38,8 k €	+2.2%	38 k €	+3.9%	36,6 k €	+4.8%	34,9 k €	-29.8%	49,7 k €	+37.8%	36,1 k €	-28.6%	50,5 k €	+38.1%	36,6 k €	-69.5%	120,1 k €	+233%	36 k €	-36.6%	56,8 k €	+96.6%	28,9 k €	-7.4%	31,2 k €	+24.0%	25,2 k €	+0.4%	25,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Joseph COUNET

Director

Active

Ended mandates

JOSEPH COUNET

Manager · since 26 avril 2007

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/02/2026	27/02/2025	31/01/2024	30/01/2023	28/01/2022	26/02/2021
General meeting	06/02/2026	24/02/2025	31/12/2023	30/12/2022	20/12/2021	21/12/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	06/02/2026	18/02/2026	French	PDF
Micro model	30/06/2024	24/02/2025	27/02/2025	French	PDF
Micro model	30/06/2023	31/12/2023	31/01/2024	French	PDF
Micro model	30/06/2022	30/12/2022	30/01/2023	French	PDF
Micro model	30/06/2021	20/12/2021	28/01/2022	French	PDF
Micro model	30/06/2020	21/12/2020	26/02/2021	French	PDF
Micro model	30/06/2019	16/12/2019	28/01/2020	French	PDF
Micro model	30/06/2018	17/12/2018	20/12/2018	French	PDF
Micro model	30/06/2017	18/12/2017	21/12/2017	French	PDF
Abridged model	30/06/2016	19/12/2016	20/12/2016	French	PDF
Abridged model	30/06/2015	21/12/2015	22/12/2015	French	PDF
Abridged model	30/06/2014	15/12/2014	29/01/2015	French	PDF
Abridged model	30/06/2013	16/12/2013	28/01/2014	French	PDF
Abridged model	30/06/2012	17/12/2012	30/01/2013	French	PDF
Abridged model	30/06/2011	19/12/2011	14/02/2012	French	PDF
Abridged model	30/06/2010	20/12/2010	21/12/2010	French	PDF
Abridged model	30/06/2009	21/12/2009	03/02/2010	French	PDF
Abridged model	30/06/2008	15/12/2008	16/12/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 1 active · 1 ended

Active mandates

Joseph COUNET

Director

Active

Ended mandates

JOSEPH COUNET

Manager · since 26 avril 2007

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025251,4 €↓
2024
Annual accounts 20242,1 k €↑
2023
Annual accounts 20231,4 k €↓
2022
Annual accounts 20223,5 k €↑
2021
Annual accounts 20211,9 k €↑
2020
Annual accounts 2020-1,4 k €↓
2019
Annual accounts 20191 k €↓
2018
Annual accounts 20184,1 k €↓
2017
Annual accounts 20174,2 k €↑
2016
Annual accounts 20161,1 k €↓
2015
Annual accounts 201511,2 k €↓
2014
Annual accounts 201425,8 k €↑
2013
Annual accounts 201314,4 k €↓
2012
Annual accounts 201225,4 k €↑
2011
Annual accounts 20117,8 k €↑
2010
Annual accounts 20105,5 k €↑
2009
Annual accounts 2009-2,5 k €↓
2008
Annual accounts 2008534,8 €
15/05/2007
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

SAPICOU

Overview

What does SAPICOU do?

Trend over 18 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

Similar companies

Similar companies

Timeline