Skip to content

LISARDE

Active Public limited companyfounded 1997active for 29 yearsPijkstraat 77, 8790 WaregemKBO/BCE: BE 0459.932.428
LISARDE
Follow ReportCompare

Overview

Lifetime

20 annual accounts with figures on one time axis, 29 filings since 1997
peak €301,415 (2025)
€301,415▲ 27.4%
lowest -€13,012 (2019)
€43,485▲ 32.4%
peak €406,076 (2025)
€406,076▲ 11.1%
€841,429▲ 10.8%
peak 2.5 FTE (2025)
2.5 FTE▲ 13.6%
Board5 names since 1997
5 directorsHilde Lisarde and 4 others
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Gross margin from €236,649 to €301,415Result from €32,836 to €43,485Staff from 2.2 FTE to 2.5 FTEDividend €3,010Cash from €51,002 to €68,143

Key points

from the 2025 annual accounts

Equity

€406,076 ▲ 11.1%

LISARDE has made a profit without a break since 2020.

Staff

3 employees on 31-12-2025
3535202116152022662023373520241021022025

In 2025, 102 short contracts started and 102 ended, on average 47 hours worked per contract. Staff averaged 2.5 full-time equivalents.

Filings

29 annual accounts since 1997
AprilJune31 JulyOctober200020102020

Three of the last ten came late. The 2025 accounts came latest: 28 days after the end of the period.

Checked score

92
Excellent
Financially stronger than 54% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.3%▼ -0.8 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.1%▼ -0.2 percentage points vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.1%▼ -0.3 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

58+1equity 32.6% of total assets
57+2short-term debt 10.0% · cash 5.5%
62+13return on assets 3.5%

Score breakdown

lowers risk
Founded in 1997
Size: 2.5 FTE, total assets €1.2m
Legal form: public limited company
Liquidity: current ratio 6.86, cash €68,143
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 42% of them on solvency, 63% on liquidity, 46% on profitability and 66% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 17,041 companies had the same profile as LISARDE has now. Each dot stands for 43 companies, two years later.

94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of LISARDE itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,041 companies, not a prediction for LISARDE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 6.86 (6.25 in 2024), above the usual 1.5. Short-term debt is 10% and cash 5.5% of total assets. However, 67.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1997
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: 2.5 FTE, total assets €1.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
lowers risk · Liquidity: current ratio 6.86, cash €68,143
NBB · annual accounts
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
5 days late
2023
21 days early
2022
20 days early
2021
26 days late
2020
22 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

HL
Hilde Lisarde
Managing director
HM
Hilde Magdalena Noëlla Lisarde
Managing director
PG
Piet Georges Adolf Lisarde
Managing director
PL
Piet Lisarde
Managing director
OL
Olivier Lisarde
Director, since 16-11-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0459932428
Registered office moved within Waregem New registered office: Pijkstraat 77, 8790 Waregem · Previous registered office: Vijfseweg 47, 8790 Waregem · Reappointments: Piet Georges Adolf Lisarde, Hilde Magdalena Noëlla Lisarde and Olivier Lisarde · General meeting of 24-10-2023 · Gazette deed
3 directors reappointed Piet Lisarde (managing director), Hilde Lisarde (managing director) and Olivier Lisarde · General meeting of 13-06-2021 · Gazette deed
New establishment in Waregem Pijkstraat 77
All 41 events

Comparable companies

same main activity, similar in size and age
Company
LISARDE Waregem €1.2m €301,415 32.6% 2.5
R.M.G. FASHION FRAMES Overijse €1.5m €322,416 90.7% 2.4
PAKHUS 5 Bruges €0.7m €209,218 52.1% 2.5
EURATIO Putte €1.2m €204,393 25.8% 2.7
LAMBERT D.L. VERPAKKINGEN Aalter €1.1m €245,672 78.4% 2.7
CONTEXT Geel €0.8m €324,157 69.2% 3
GENERAL BUNKERING SERVICES Antwerp €0.9m €291,861 91.1% 3

These companies have the same main activity as LISARDE: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €732,000 and €1.5m, founded between 1993 and 1999.

Official details

Source: KBO
Status
Active since 04-02-1997Normal situation
Activity
Non-specialised wholesale tradeNACE 46900and 2 others
Joint committees
100Auxiliary committee for blue-collar workers
201Independent retail · annual accounts 2025
Establishment units
2.080.647.3278790 Waregem, since 27-02-1997
2.290.994.9938790 Waregem, since 01-05-2019
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€301,415▲ 27.4%
≈ €1.5mestimated
€43,485▲ 32.4%
€406,076▲ 11.1%
€1.2m▲ 10.9%
Employeeson 31-12-2025
3▼ 25.0%
Filing
Filed on 28-08-2026
Financials

Insights on LISARDE

LISARDE has existed since 1997. The gross margin grew from €37,105 in 2006 to €301,415 in 2025 and staff from 0.1 to 2.5 full-time equivalents.

The gross margin has grown every year since 2021.

In November 2023, the Official Gazette published the appointment of Hilde Magdalena Noëlla Lisarde as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 28-08-2026, 28 days late
€301,415
▲ 27.4%
€88,990
▲ 15.3%
€179,429
▲ 24.0%
€133,924
▲ 33.5%
32.6%
▲ 0.1 percentage points
6.86
▲ 0.61

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.5m. Estimated: probably between €960,000 and €2.6m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.2m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

32.6%

Higher than 36% of 6,193 companies in 2025.

6.86

Higher than 90% of 6,113 companies in 2025.

3.5%

Higher than 51% of 6,177 companies in 2025.

LISARDE Middle half of the sector 80% of the sector Full accounts in wholesale trade (NACE 46)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter

Staff

€44,353

Staff costs divided by the average number of full-time equivalents.

47 hours per contract

contracts started contracts ended

In 2025, 102 short contracts started and 102 ended, on average 47 hours worked per contract. Staff averaged 2.5 full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.2m1.1m1.0m982,126895,143872,911841,841461,329475,509498,746485,554501,483481,374459,042455,108428,018411,835323,404306,345293,769
20 -------0------------
21/28 395,077332,381292,223271,460262,666304,654347,48828,30654,62581,32283,061109,029109,019132,049137,857113,58264,17718,62315,64027,923
21 1,914------0------------
22/27 391,663332,381292,223271,460262,666304,654347,48828,30654,62581,32283,061109,029109,019130,304135,975111,94962,39516,69515,64027,923
22 284,065212,049160,953182,491212,047244,466276,88615,60629,19941,38955,61569,84179,39493,15389,626101,65650,9397,736--
23 60,42349,16345,88717,35847,01954,78858,2012,2966,61212,71017,82320,62714,46711,6399,55810,29310,5721,3071,2212,164
24 47,17571,16985,38369,811-05,20110,40318,81327,2239,62318,56015,15825,51236,791-8847,65214,41925,759
25 --01,8003,600---------------
26 -------0------------
27 -------0------------
28 1,500------0-----1,7451,8821,6331,7821,928--
29/58 852,428792,878728,977710,665632,477568,257494,354433,024420,884417,425402,493392,454372,356326,993317,251314,436347,658304,781290,705265,846
29 -------0------------
290 -------0------------
291 -------0------------
3 755,125737,666682,534651,812550,826464,929412,904289,743294,721287,298292,188253,598169,727131,959127,741137,129113,50898,40182,39790,102
30/36 755,125737,666682,534651,812550,826464,929412,904289,743294,721287,298292,188253,598169,727131,959127,741137,129113,50898,40182,39790,102
37 -------0------------
40/41 29,1164,16720,95925,13630,70834,16451,21854,414121,990100,76588,26973,27992,019123,943131,24199,50695,231108,57897,97675,197
40 29,1163,25820,95925,13630,70833,52951,21854,414121,99099,20288,26971,44792,01988,390131,24199,50678,401108,57897,97675,197
41 0909--0636-0-1,563-1,832-35,553--16,830---
50/53 -0858510,08525,08523510,23523523310,21914,97651,06340,00025,34450,000100,00076,03875,00050,679
54/58 68,14351,00224,19032,46439,33042,57128,11975,5253,93828,6939,68149,74258,40131,09132,92526,95438,07821,76435,33248,454
490/1 44421,2091,1681,5271,5071,8783,107-4352,1368591,146--847841--1,414
Balance sheet: equity and liabilities
10/49 1.2m1.1m1.0m982,126895,143872,911841,841461,329475,509498,746485,554501,483481,374459,042455,108428,018411,835323,404306,345293,769
10/15 406,076365,601332,765328,968318,689306,391263,476276,488272,232281,118280,210274,995266,152246,598237,348216,777196,101174,547164,779140,950
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000---------------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
101 -------0------------
11 -------0------------
1100/10 -------0------------
12 -------0------------
13 344,076303,601270,765266,968256,689244,391201,476214,488210,232219,118218,210212,995204,152184,598175,348154,777134,101112,547102,77978,950
130/1 6,2006,2006,2006,2006,2006,200-0------------
130 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2005,4634,3853,8973,897
1312 -------0------------
1319 -------0------------
132 7,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,8577,857
133 330,020289,544256,708252,911242,632230,334187,420200,431196,175205,061204,153198,938190,096170,541161,291140,720120,781100,30591,02567,196
14 0------0------------
15 -------0------------
19 -------0------------
16 -------0------------
160/5 -------0------------
160 -------0------------
161 -------0------------
162 -------0------------
163 -------0------------
164/5 -------0------------
168 -------0------------
17/49 841,429759,658688,435653,158576,454566,520578,365184,841203,276217,628205,344226,488215,222212,444217,760211,241215,734148,857141,566152,819
17 665,088585,066539,011417,738389,343393,078387,101152,688164,900173,948164,662169,120157,400169,598181,488172,553177,974121,785122,658127,033
170/4 262,890182,868136,813137,594126,998137,782145,9996,79419,00632,92428,35337,64035,18147,52059,41050,29755,453-1,0945,469
175 -------0------------
176 -------0------------
178/9 402,198402,198402,198280,145262,345255,296241,102145,894145,894141,024136,309131,480122,219122,078122,078122,256122,521121,785121,564121,564
42/48 124,269126,788127,047235,420186,385172,716190,53831,12736,87242,17639,17753,36353,81738,84132,26734,68333,75525,56717,40324,281
42 39,65027,89528,48623,71010,78512,53214,84512,21213,91813,5089,28710,63612,33911,88911,4565,1564,5471,0944,3755,417
43 --0100,000100,000100,000100,0000---18,907----116--
430/8 --0100,000100,000100,000100,0000---18,907----116--
439 -------0------------
44 24,16268,10675,46881,34750,53137,04526,8294548-9,433-8,036--1506,5771,1403201,921
440/4 24,16268,10675,46881,34750,53137,04526,8294548-9,433-8,036--1506,5771,1403201,921
441 -------0------------
46 11,373------0------------
45 49,08230,78623,09430,36217,82216,18942,09213,76422,90623,81215,57019,06224,28122,37415,67423,13516,39016,6045,99210,227
450/3 30,24613,87214,94422,69917,66416,18941,69113,76421,32723,81215,57018,94224,18222,37415,67419,18511,58516,6045,0549,566
454/9 18,83616,9148,1497,663158040001,578--12199--3,9504,805-938661
47/48 ---07,2476,9506,7725,106-4,8554,8874,7579,1614,5785,1376,2426,2306,7236,7166,716
492/3 52,07247,80522,37707277277271,0261,5051,5051,5054,0054,0054,0054,0054,0054,0051,5051,5051,505
Income statement
70 -------------744,921------
76A -04,707----0-909---118413-----
9900 301,415236,649142,64994,09382,045110,02169,33844,27228,01241,40645,13453,28163,27057,11175,91756,02657,64934,40458,66437,105
60/61 -------------687,809------
62 110,88285,38745,25516,7227,3314,4305,07202,538-1,1823,8691,3922,9862,3722,6971,6583,1133,6902,209
630 90,43967,45755,66646,39743,07647,75554,79526,31928,95928,73429,66433,35829,60232,47833,52519,30819,0288,71612,69514,974
631/4 --01,250---0714--1,107-7272,463---78-
635/8 -------0------------
640/8 11,1046,5949,4333,4813,8713,7203,7173,1353,9944,1233,4864,5064,0964,4724,5062,8074,0663,3373,0383,854
649 -------0------------
66A --01742401840-31-10--294167-2,070762-
9901 88,99077,21032,29526,07027,74254,1165,56914,818-8,1948,51910,80310,44128,18116,44833,05131,21432,89719,23839,16316,068
75/76B 12,06813,9846,0448,0916,5137,0772,9603,2783,8334,3095,86710,3327,5015,6546,1366,2854,9524,8201,5482,134
75 12,06813,9846,0448,0916,5137,0772,9603,2783,8334,3095,86710,3327,5015,6546,1366,2854,9524,8201,5482,134
76B -------0------------
65/66B 38,51744,87431,25318,15217,37817,76420,42310,2983,85110,61210,78410,19710,86410,85312,78711,8029,48110,03610,24610,054
65 38,51744,87431,25318,15217,37817,76420,42310,2983,85110,61210,78410,19710,86410,85312,78711,8029,48110,03610,24610,054
66B -------0------------
9903 62,54146,3207,08516,00916,87743,430-11,8947,798-8,2122,2165,88610,56624,81811,36726,51925,53028,36811,95229,7038,148
67/77 19,05613,4843,2885,7314,5785161,1183,5426741,3076711,7245,2642,1175,9484,8546,8142,1845,8743,212
9904 43,48532,8363,79710,27912,29842,915-13,0124,256-8,8869085,2158,84319,5549,25020,57120,67621,5549,76823,8294,936
789 -------0------------
689 -------0------------
9905 43,48532,8363,79710,27912,29842,915-13,0124,256-8,8869085,2158,84319,5549,25020,57120,67621,5549,76823,8294,936
Appropriation of the result
9906 43,48532,8363,79710,27912,29842,915-13,0124,256-8,8869085,2158,84319,5549,25020,57120,67621,5549,76823,8294,936
791/2 -----013,012196,1758,886-----------
691/2 40,47532,8363,79710,27912,29842,9150200,431-9085,2158,84319,5549,25020,57120,67621,5549,76823,8294,936
691 -------0------------
6920 40,47532,8363,797----0-------7371,078488--
6921 --010,27912,29842,9150200,431-9085,2158,84319,5549,25020,57119,93920,4769,28023,8294,936
694/7 3,010------0------------
694 3,010------0------------
695 -------0------------
696 -------0------------
Social balance sheet
9087 2.52.20.90.50.41.21.5-1.4-0.10.10.10.20.10.10.20.10.10.1
Hours worked1013 4,8382,7201,769882255326421-187-44106106335286254126280344242
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 9 older financial years (1997-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 29 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00445228.

Financial year Type Filed Reference Document
31-12-2025 full format 28-08-2026 2026-00445228 PDF
31-12-2024 abbreviated format 05-08-2025 2025-00359590 PDF
31-12-2023 abbreviated format 10-07-2024 2024-00228347 PDF
31-12-2022 abbreviated format 11-07-2023 2023-00222225 PDF
31-12-2021 micro format 26-08-2022 2022-20322276 PDF
31-12-2020 micro format 09-07-2021 2021-32800581 PDF
31-12-2019 micro format 24-07-2020 2020-33100041 PDF
31-12-2018 micro format 24-07-2019 2019-36500345 PDF
31-12-2017 micro format 15-06-2018 2018-18400297 PDF
31-12-2016 micro format 23-06-2017 2017-20000051 PDF
31-12-2015 abbreviated format 04-07-2016 2016-25900408 PDF
31-12-2014 abbreviated format 17-06-2015 2015-17700217 PDF
31-12-2013 abbreviated format 20-06-2014 2014-19000300 PDF
31-12-2012 abbreviated format 28-06-2013 2013-22500149 PDF
31-12-2011 abbreviated format 26-06-2012 2012-20500463 PDF
31-12-2010 abbreviated format 27-06-2011 2011-19800073 PDF
31-12-2009 abbreviated format 15-06-2010 2010-17100385 PDF
31-12-2008 abbreviated format 23-06-2009 2009-27000293 PDF
31-12-2007 abbreviated format 19-06-2008 2008-24400182 PDF
31-12-2006 abbreviated format 14-06-2007 2007-21700189 PDF
31-12-2005 abbreviated format 22-06-2006 2006-30002346 PDF
31-12-2004 abbreviated format 15-06-2005 2005-26500201 PDF
31-12-2003 abbreviated format 25-06-2004 2004-32502816 PDF
31-12-2002 abbreviated format 18-06-2003 2003-26102627 PDF
31-12-2001 abbreviated format 12-06-2002 2002-20203446 PDF
31-12-2000 abbreviated format 05-07-2001 2001-34304259 PDF
31-12-1999 abbreviated format 21-09-2000 2000-57803990 PDF
31-12-1998 abbreviated format 16-07-1999 1999-34603848 PDF
31-12-1997 abbreviated format 06-07-1998 1998-30003314 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
179,429144,66887,96072,46770,818101,87160,36541,13720,76537,25240,46743,79957,78248,92666,57650,52251,92527,95451,85831,042
133,924100,29459,46356,67555,37590,66941,78330,57520,07329,64234,87942,20049,15641,72854,09639,98440,58218,48436,52419,910
153,135107,61676,42855,1911,0884,922373,97702,26226,9943,69733,3678,31626,80757,80068,86264,72811,7004124,922
17,14126,812-8,274-6,866-3,24114,452-47,40671,587-24,75519,012-40,061-8,65927,310-1,8345,971-11,12416,314-13,568-13,122-
728,160666,090601,930475,246446,092395,541303,816401,897384,012375,249363,315339,091318,539288,152284,984279,753313,903279,214273,302241,565
-------------2.2%------
32.6%32.5%32.6%33.5%35.6%35.1%31.3%59.9%57.3%56.4%57.7%54.8%55.3%53.7%52.2%50.6%47.6%54.0%53.8%48.0%
6.866.255.743.023.393.292.5913.9111.419.9010.277.356.928.429.839.0710.3011.9216.7010.95
0.780.440.370.250.440.600.434.603.423.092.822.603.775.025.875.116.948.0711.977.24
2.072.082.071.991.811.852.200.670.750.770.730.820.810.860.920.971.100.850.861.08
10.7%9.0%1.1%3.1%3.9%14.0%-4.9%1.5%-3.3%0.3%1.9%3.2%7.3%3.8%8.7%9.5%11.0%5.6%14.5%3.5%
3.5%2.9%0.4%1.0%1.4%4.9%-1.5%0.9%-1.9%0.2%1.1%1.8%4.1%2.0%4.5%4.8%5.2%3.0%7.8%1.7%
4.663.222.813.994.08---------------
-------------43 days------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date34221
full-time12000
part-time22221
in full-time equivalents2.32.20.90.90
2.52.20.90.50.1
On a permanent contract2211-
Joined1023761635
Left1023561535

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Mortgages, amount registered€247,500€247,500€247,500€247,500€247,500
Carrying value of the mortgaged assets€284,065€212,049€160,953€182,491€212,047

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€149,340€107,616€76,428€55,191€1,088
Intangible fixed assets€2,295----
Financial fixed assets€1,500----
€90,439€67,457€55,666€46,397€43,076

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on LISARDE

The operating result for 2025 is 15% higher than in 2024 and the highest since 2006. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total falls from 67.5% to 67.4%. Equity and debt are higher.

Board & ownership

Board

5 directors, 4 in day-to-day management, last change in 2023
Hilde Lisarde
Director and managing director
director current term since 16-11-2023 managing director in office according to the deed of 09-08-2021 6-year term from 2021
listed in the 2025 annual accounts, filed on 28-08-2026
Hilde Magdalena Noëlla Lisarde
Director (not named in the articles) and managing director
director (not named in the articles) since 16-11-2023 managing director appointed by deed of 20-11-2023 term until 15-11-2029
listed in the 2025 annual accounts, filed on 28-08-2026
Olivier Lisarde
Director (not named in the articles)
since 16-11-2023 term until 15-11-2029
listed in the 2025 annual accounts, filed on 28-08-2026
Piet Georges Adolf Lisarde
Director (not named in the articles) and managing director
director (not named in the articles) since 16-11-2023 managing director appointed by deed of 20-11-2023 term until 15-11-2029
listed in the 2025 annual accounts, filed on 28-08-2026
Piet Lisarde
Director and managing director
director current term since 16-11-2023 managing director in office according to the deed of 09-08-2021 6-year term from 2021
listed in the 2025 annual accounts, filed on 28-08-2026
Hilde Lisarde, Piet Lisarde, Hilde Magdalena Noëlla Lisarde, Piet Georges Adolf Lisarde

Office holders in the KBO →

Mandates through the years

5 names, the dashed line is today
Hilde Lisarde
Director, Managing director
Hilde Magdalena Noëlla Lisarde
Board, Managing director
Piet Georges Adolf Lisarde
Board, Managing director
Piet Lisarde
Director, Managing director
Olivier Lisarde
Director (not named in the articles)
LeadershipBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • Hilde Lisarde
    • Director, from 21-01-1997 to date
    • Managing director, since before 13-06-2021
  • Hilde Magdalena Noëlla Lisarde
    • Board, from 21-01-1997 to date
    • Managing director, appointed by deed of 20-11-2023, still in office
  • Piet Georges Adolf Lisarde
    • Board, from 21-01-1997 to date
    • Managing director, appointed by deed of 20-11-2023, still in office
  • Piet Lisarde
    • Director, from 21-01-1997 to date
    • Managing director, since before 13-06-2021
  • Olivier Lisarde
    • Director, from 01-07-2008 to 20-11-2023
    • Director (not named in the articles), since before 20-11-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€62,000
Source
deed of 20-11-2023

Articles of association

deed of 20-11-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
Term of at most 6 years
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of June at 11:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Alle verrichtingen vermeld in de wet tenzij algemene vergadering anders besluit bij gewone meerderheid van stemmen, bestuursorgaan in…”

Network & group

No group

LISARDE has no parent and no holdings in its annual accounts. LISARDE shares no director with another company.

At the same address

Pijkstraat 77, 8790 Waregem · 1 other company
Mullie, Shana (sole trader)
establishment since 09-02-2026
 founded in 2026
0822.477.351

Timeline

Timeline

41 events since 1997

Deadline for the 2026 accounts: 31-07-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0459932428
Annual accounts 2025 filed NBBfull format · 28 days late
2025
Highest result from 2006 to 2025 net €43,485 ▲32.4% The operating result of €88,990 and the net result of €43,485 are both a record.
Annual accounts 2024 filed PDFabbreviated format · 5 days late
2024
Annual accounts 2023 filed PDFabbreviated format · 21 days before the deadline
2023
Registered office moved within WaregemNew registered office: Pijkstraat 77, 8790 Waregem · Previous registered office: Vijfseweg 47, 8790 Waregem · Reappointments: Piet Georges Adolf Lisarde, Hilde Magdalena Noëlla Lisarde and Olivier Lisarde · General meeting of 24-10-202314 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 20 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 26 days late
2021
3 directors reappointedPiet Lisarde (managing director), Hilde Lisarde (managing director) and Olivier Lisarde · General meeting of 13-06-20217 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFmicro format · 22 days before the deadline
2020
Back to profit net €42,915 The net result is €42,915, after one loss-making year.
Annual accounts 2019 filed PDFmicro format · 7 days before the deadline
2019
Weakest financial year net -€13,012 The net result drops to -€13,012, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2018 filed PDFmicro format · 7 days before the deadline
New establishment in Waregem Pijkstraat 77
2018
Back to profit net €4,256 The net result is €4,256, after one loss-making year.
Annual accounts 2017 filed PDFmicro format · 46 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 38 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 27 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 44 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 41 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 33 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 35 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 34 days before the deadline
2010
Equity above €200,000 equity €216,777 ▲10.5% With a profit in every financial year since 2006, equity grows to €216,777.
Annual accounts 2009 filed PDFabbreviated format · 46 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 38 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 42 days before the deadline
2007
Equity above €150,000 equity €164,779 ▲16.9% With a profit in every financial year since 2006, equity grows to €164,779.
Annual accounts 2006 filed PDFabbreviated format · 47 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
First establishment Vijfseweg 47, Waregem
Incorporation published on 15-02-1997

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 4 February 1997, LISARDE was incorporated.1 In 2023 the registered office moved to Waregem.2 Total assets went from €461,329 in 2018 to €1.2m in 2025 and headcount from 1.5 full-time equivalents in 2019 to 2.5 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-11-2023
  3. 3National Bank, annual accounts 2018, 2019 and 2025

Company details

Identity

Enterprise number
0459.932.428
VAT number
BE 0459.932.428
Peppol ID
0208:0459932428
Legal form
Public limited company
Status
Active, normal situation
Founded
04-02-1997
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of June at 11:00
deed of 20-11-2023 (in Dutch)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
LISARDE in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-11-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 20-11-2023 (in Dutch)

Activities

NACEBEL 2025
VAT activities
46900 Non-specialised wholesale trade main activity
47789 Other retail sale of new goods
Social security (RSZ) activities
47559 Retail sale of other household articles main activity
Joint committees annual accounts 2025
JC 100 Auxiliary committee for blue-collar workers
JC 201 Independent retail
Codes under NACEBEL 2008
VAT activities
46900 Non-specialised wholesale trade main activity
47789 Retail trade
Social security (RSZ) activities
47599 Retail trade main activity
Codes under NACEBEL 2003
VAT activities
51900 main activity
52498
Social security (RSZ) activities
52442 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Verkoop van alle verpakkingsmateriaal; Verkoop van visgerief, levende vissen en alle mogelijke toebehoren; Verkoop van rotanmeubelen (alles…”
6 activities
  1. Verkoop van alle verpakkingsmateriaal
  2. Verkoop van visgerief, levende vissen en alle mogelijke toebehoren
  3. Verkoop van rotanmeubelen (alles in de meest ruime zin), vlechtwerk
  4. Alle handels- en nijverheids-, financiële-, roerende en onroerende of andere verrichtingen of handelingen die rechtstreeks of onrechtstreeks geheel of gedeeltelijk in verband staan met haar voorwerp of die nuttig zijn voor de verwezenlijking van haar voorwerp
  5. Op welke wijze ook betrokken zijn in zaken, ondernemingen of vennootschappen die hetzelfde, een soortgelijk of een samenhangend doel hebben, of die de ontwikkeling van haar onderneming kunnen bevorderen, haar grondstoffen kunnen leveren of de afzet van haar producten kunnen vergemakkelijken
  6. Zij mag zich teven borg stellen voor derden en de hoedanigheid van bestuurder waarnemen en uitoefenen
deed of 20-11-2023 (in Dutch)

Registered office and establishments

2 establishments
Establishment Since Unit numberFASFC approval
Vijfseweg 47 8790 Waregem 46492 Wholesale trade 27-02-1997 2.080.647.327
Pijkstraat 77 registered office 8790 Waregem 46496 Wholesale trade 01-05-2019 2.290.994.993 Retailer of petfood
Mobile bar

Buildings and parcels at the addresses

Ground area
1,319 m²
Buildings
499 m²
Volume, LiDAR
957 m³
Tallest building
11.3 m
Buildings to scale, each on its own parcel
363 m², 2.2 m 136 m², 11.3 m 363 m², 2.2 m 136 m², 11.3 m

Location

registered office establishment All 2 establishment units on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
34453D0136/00T000991 m² 1 · 363 m² 2.2 m
34040C0197/00R003328 m² 1 · 136 m² 11.3 m · 2

Recognitions

Food safety, FASFC

1 site
Waregemunit number 2.290.994.993
2 permissions
Retailer of petfood · since 04-08-2026
Mobile bar · since 04-06-2026

Source: FAVV-AFSCA, open data, updated on 02-11-2026

We would like to set cookies. That happens only with your consent. What we measure