ACTIVE

Pax

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Financial year 2025 · Closed on 31/12/2025

Net result108,1 k €+32,7 %over 1 year
Gross margin180,8 k €+31,8 %over 1 year
Equity725,9 k €+10,4 %over 1 year

Identity

Source · BCE/KBO

Pax is a Public limited company incorporated in 1952. Its registered office is in Alveringem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0402.743.208
Incorporation
24/07/1952
Legal form
Public limited company
Registered office
Gijverinkhovestraat 2
8691 Alveringem · FlandreSee on map
Contributed capital
61 650,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 9 financial years

20252024202320222021
Income statement
Gross margin180,8 k €137,2 k €138,8 k €123 k €147,6 k €
EBITDA156,9 k €113,2 k €116,5 k €102,6 k €128 k €
Operating result125,8 k €89,6 k €93,1 k €75,8 k €109,2 k €
Net result108,1 k €81,5 k €80,6 k €59,2 k €84,6 k €
Balance sheet
Equity725,9 k €657,7 k €606,3 k €555,7 k €516,6 k €
Total assets777,6 k €705,1 k €704,9 k €631,3 k €591,7 k €
Cash85,1 k €54,8 k €57,6 k €458,6 k €468,4 k €
Debts51,7 k €47,4 k €98,6 k €75,6 k €75,2 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Miet Brutsaert
Managing directorsince 04/07/2018
Pierre Brtsaert
Directorsince 27/04/2018
GALAXY INDUSTRIES BENELUX0424.051.435Represented by Helena Brutsaert
Directorsince 24/04/2018

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Edouard Soubry
Director13/04/2017 → 2017 accounts
Michel Soubry
Director13/04/2017 → 2017 accounts
Sophie Vanden Berghe
Director13/04/2017 → 2017 accounts
Alexander Louwaege
Director23/03/2016 → 2017 accounts

Other companies at this address

Gijverinkhovestraat 2 8691 Alveringem
CompanyCBE no.
BRUNA CONSULT● Active
0897.756.972
BRUNA INVEST● Active
0860.153.636
BRUNAMI● Active
0725.456.862
G & J Invest● Active
0725.461.416
MyHappyFeet.org● Active
0644.958.839
ROBRU● Active
1002.223.794

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/07/202614/06/202522/05/202417/05/202313/06/202225/08/2021
General meeting27/06/202622/05/202522/05/202415/05/202305/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202527/06/202621/07/2026DutchPDF
Micro model31/12/202422/05/202514/06/2025DutchPDF
Micro model31/12/202322/05/202422/05/2024DutchPDF
Micro model31/12/202215/05/202317/05/2023DutchPDF
Micro model31/12/202105/06/202213/06/2022DutchPDF
Micro model31/12/202030/06/202125/08/2021DutchPDF
Micro model31/12/201901/06/202011/06/2020DutchPDF
Micro model31/12/201812/03/201923/09/2019DutchPDF
Micro model31/12/201713/03/201826/03/2018DutchPDF
Micro model31/12/201613/04/201726/04/2017DutchPDF
Abridged model31/12/201523/03/201607/04/2016DutchPDF
Abridged model31/12/201426/03/201505/05/2015DutchPDF
Abridged model31/12/201327/03/201417/04/2014DutchPDF
Abridged model31/12/201227/03/201306/05/2013DutchPDF
Abridged model31/12/201108/03/201202/04/2012DutchPDF
Abridged model31/12/201010/03/201108/04/2011DutchPDF
Abridged model31/12/200908/03/201006/04/2010DutchPDF
Abridged model31/12/200815/04/200914/05/2009DutchPDF
Abridged model31/12/200720/03/200818/04/2008DutchPDF
Abridged model31/12/200613/03/200712/04/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Miet Brutsaert
Managing directorsince 04/07/2018
Pierre Brtsaert
Directorsince 27/04/2018
GALAXY INDUSTRIES BENELUX0424.051.435Represented by Helena Brutsaert
Directorsince 24/04/2018

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Edouard Soubry
Director13/04/2017 → 2017 accounts
Michel Soubry
Director13/04/2017 → 2017 accounts
Sophie Vanden Berghe
Director13/04/2017 → 2017 accounts
Alexander Louwaege
Director23/03/2016 → 2017 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates13/06/2018
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/07/2017
    Overlijden bestuurder - benoeming en herbenoeming bestuurder
    PDF
  • Mandates18/05/2016
    Herbenoeming bestuurders
    PDF
  • Mandates07/08/2014
    HERBENOEMING BESTUURDERS ;
    PDF
  • Mandates07/05/2013
    Herbenoeming bestuurders
    PDF
  • Mandates31/08/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/06/2011
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/04/2010
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation1952
Name
Registered office
Annual accounts
Filings9 filings
Mandates
Miet Brutsaert
Pierre Brtsaert
GALAXY INDUSTRIES BENELUX
Michel Soubry
Edouard Soubry
Sophie Vanden Berghe
Baptist Louwaege Jan
Alexander Louwaege
Thibault Vanden Berghe
Carl Vanden Berghe
Anthony Vandenbulcke
Dominiek Vandenbulcke
1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
Pax
Gijverinkhovestraat 2, 8691 Leisele
Managing director
Director
Director
Director
Director
Director
Director
Managing directorDirector
DirectorManaging director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Gijverinkhovestraat 2, 8691 LeiseleCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00335764

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
PaxCurrent
accounts 2006 → 2025
Accounts 2025 · 2026-00335764

Events

  1. 2025
    Annual accounts 2025108,1 k €↑
  2. 2024
    Annual accounts 202481,5 k €↑
  3. 2023
    Annual accounts 202380,6 k €↑
  4. 2022
    Annual accounts 202259,2 k €↓
  5. 2021
    Annual accounts 202184,6 k €↓
  6. 2020
    Annual accounts 2020107,4 k €↓
  7. 2019
    Annual accounts 2019111,2 k €↑
  8. 2018
    Annual accounts 2018108,9 k €↑
  9. 2006
    Annual accounts 200620,4 k €
  10. 24/07/1952
    IncorporationPublic limited company