ACTIVE

PANIFLOWER

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Financial year 2025 · closed on 31/12/2025
Net result
7,1 M €
+7.4% YoY
Revenue
165,1 M €
-12.5% YoY
Equity
26,2 M €
-20.9% YoY
Workforce
110,7 ETP
+5.6% YoY

What does PANIFLOWER do?

PANIFLOWER is a Public limited company incorporated in 1968. Its main activity is: Manufacture of grain mill products. Its registered office is in Antwerpen. It employs on average 110,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0403.722.116
Incorporation
01/01/1968
Legal form
Public limited company
Registered office
Westkaai 1
2170 Antwerpen · FlandreSee on map
Contributed capital
14 100 000,00 €
Latest accounts
31/12/2025
Average workforce
110,7 ETP
Activities (NACE)
10610Manufacture of grain mill products· main10610Manufacture of grain mill products15610Manufacture of leather and related products10910Manufacture of prepared feeds for farm animals10910Manufacture of prepared feeds for farm animals15710Manufacture of leather and related products+3
Joint committees (2)
  • 118
  • 220
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252023201920182012201120102009200820072006
Income statement
Revenue165,1 M €188,7 M €127,9 M €116,5 M €127,9 M €110,6 M €88,8 M €89 M €121,7 M €92,8 M €63,9 M €
EBITDA13,1 M €12,8 M €7,5 M €4,7 M €3,9 M €4,5 M €4,5 M €4 M €4 M €4,3 M €3,6 M €
Operating result10,6 M €10,5 M €4,9 M €1,4 M €1,2 M €1,5 M €1,7 M €1,3 M €1,1 M €1,2 M €825,1 k €
Net result7,1 M €6,7 M €3,6 M €379,4 k €-420,7 k €109,6 k €529,4 k €284,2 k €-170,1 k €287,6 k €242,8 k €
Balance sheet
Equity26,2 M €33,1 M €12,8 M €9,2 M €6,7 M €7,1 M €7 M €6,5 M €6,2 M €6,4 M €6,4 M €
Total assets39,4 M €43,7 M €32,5 M €37,5 M €47,5 M €36,5 M €31,3 M €28,4 M €35 M €39,2 M €28,2 M €
Cash8 M €11,9 M €1,1 M €2,4 M €3 M €254,9 k €649 k €514,1 k €209,6 k €701,6 k €630,8 k €
Debts12,3 M €10,2 M €18,7 M €25,6 M €40,2 M €29,2 M €24,3 M €21,9 M €28,8 M €32,8 M €21,8 M €
Other
Workforce110,7 ETP104,8 ETP107,8 ETP104,6 ETP106,4 ETP104,5 ETP94,0 ETP87,5 ETP84,1 ETP85,4 ETP85,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active · 17 ended

Active mandates

Erik Vanherpe

Chairman of the board of directors · since 25 avril 2019 · until 25 avril 2024

Active
Sam Vanherpe

Director · since 25 avril 2019 · until 25 avril 2024

Active
SHAURI

Managing director · since 25 avril 2019 · until 24 avril 2025 · 0469.986.675

Represented by Marc Vanherpe

Active

Ended mandates

Erik Vanherpe

Chairman of the board of directors · since 30 juin 2016 · until 25 avril 2019

Ended
Ivan Martens

Director · since 30 juin 2016 · until 25 avril 2019

Ended
Sam Vanherpe

Director · since 03 décembre 2014 · until 25 avril 2019

Ended
SHAURI

Director · since 03 décembre 2014 · until 25 avril 2019 · 0469.986.675

Represented by Marc Vanherpe

Ended
At this address

Other companies at this address

CompanyCBE no.
VERENIGING VOOR HANDEL EN NIJVERHEID IN MERKSEM, DEURNE, SCHOTEN EN OMLIGGENDE● Active
0419.430.275
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date12/05/202624/04/202529/04/202411/07/202319/05/202210/06/2021
General meeting27/04/202624/04/202525/04/202427/04/202328/04/202222/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/04/202612/05/2026DutchPDF
Full model31/12/202424/04/202524/04/2025DutchPDF
Full model31/12/202325/04/202429/04/2024DutchPDF
Full model31/12/202227/04/202311/07/2023DutchPDF
Full model31/12/202128/04/202219/05/2022DutchPDF
Full model31/12/202022/04/202110/06/2021DutchPDF
Full model31/12/201923/04/202016/06/2020DutchPDF
Full model31/12/201825/04/201911/07/2019DutchPDF
Full model31/12/201726/04/201822/05/2018DutchPDF
Full model31/12/201618/05/201717/08/2017DutchPDF
Full model31/12/201530/06/201601/08/2016DutchPDF
Full model31/12/201423/04/201509/07/2015DutchPDF
Full model31/12/201324/04/201416/07/2014DutchPDF
Full model31/12/201224/06/201312/09/2013DutchPDF
Full model31/12/201129/06/201231/08/2012DutchPDF
Full model31/12/201029/06/201128/10/2011DutchPDF
Full model31/12/200930/06/201005/08/2010DutchPDF
Full model31/12/200826/06/200927/10/2009DutchPDF
Full model31/12/200728/06/200809/06/2009DutchPDF
Full model31/12/200628/06/200730/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2023 · 3 active · 17 ended

Active mandates

Erik Vanherpe

Chairman of the board of directors · since 25 avril 2019 · until 25 avril 2024

Active
Sam Vanherpe

Director · since 25 avril 2019 · until 25 avril 2024

Active
SHAURI

Managing director · since 25 avril 2019 · until 24 avril 2025 · 0469.986.675

Represented by Marc Vanherpe

Active

Ended mandates

Erik Vanherpe

Chairman of the board of directors · since 30 juin 2016 · until 25 avril 2019

Ended
Ivan Martens

Director · since 30 juin 2016 · until 25 avril 2019

Ended
Sam Vanherpe

Director · since 03 décembre 2014 · until 25 avril 2019

Ended
SHAURI

Director · since 03 décembre 2014 · until 25 avril 2019 · 0469.986.675

Represented by Marc Vanherpe

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring29/05/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring29/11/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other14/04/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates04/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/10/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/08/2019
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 20257,1 M €↑
  2. 2023
    Annual accounts 20236,7 M €↑
  3. 2019
    Annual accounts 20193,6 M €↑
  4. 2018
    Annual accounts 2018379,4 k €↑
  5. 2018
    Name changePANIFLOWER
  6. 2012
    Annual accounts 2012-420,7 k €↓
  7. 2011
    Annual accounts 2011109,6 k €↓
  8. 2010
    Annual accounts 2010529,4 k €↑
  9. 2009
    Annual accounts 2009284,2 k €↑
  10. 2008
    Annual accounts 2008-170,1 k €↓
  11. 2007
    Annual accounts 2007287,6 k €↑
  12. 2006
    Annual accounts 2006242,8 k €
  13. 2006
    Name changeBrabomills
  14. 01/01/1968
    IncorporationPublic limited company