ACTIVE

PAUWELS

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Financial year 2025 · closed on 31/12/2025

Net result

19,1 M €

+65.6% YoY

Revenue

310,4 M €

+2.7% YoY

Equity

54,6 M €

+14.5% YoY

Workforce

285,9 ETP

+0.1% YoY

What does PAUWELS do?

PAUWELS is a Public limited company incorporated in 1949. Its main activity is: Manufacture of condiments and seasonings. Its registered office is in Ranst. It employs on average 285,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.100.020

Incorporation

28/03/1949

Legal form

Public limited company

Registered office

Vaartstraat 176
2520 Ranst · FlandreSee on map

Contributed capital

3 753 280,00 €

Latest accounts

31/12/2025

Average workforce

285,9 ETP

Activities (NACE)

10840Manufacture of condiments and seasonings· main 10840Manufacture of condiments and seasonings 10890Manufacture of other food products n.e.c.10890Manufacture of other food products n.e.c.15870Manufacture of leather and related products 15890Manufacture of leather and related products

Joint committees (2)

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 10 financial years

	2025		2024		2023		2022		2021		2010		2009		2008		2007		2006
Income statement
Revenue	310,4 M €	+2.7%	302,3 M €	+1.9%	296,8 M €	+12.7%	263,4 M €	+33.0%	198 M €	+137%	83,6 M €	+2.8%	81,3 M €	+22.8%	66,2 M €	+23.4%	53,7 M €	+1.6%	52,8 M €
EBITDA	29 M €	+25.1%	23,2 M €	+54.3%	15 M €	+232%	4,5 M €	-40.9%	7,7 M €	-8.7%	8,4 M €	-6.1%	8,9 M €	+64.2%	5,4 M €	+46.8%	3,7 M €	+74.4%	2,1 M €
Operating result	25,5 M €	+51.5%	16,8 M €	+158%	6,5 M €	+669%	848,7 k €	-72.1%	3 M €	-44.4%	5,5 M €	-15.8%	6,5 M €	+96.7%	3,3 M €	+243%	961,9 k €	+225%	-771,6 k €
Net result	19,1 M €	+65.6%	11,5 M €	+238%	3,4 M €	+284%	890,3 k €	-57.2%	2,1 M €	-44.2%	3,7 M €	+95.9%	1,9 M €	+15.3%	1,6 M €	+176%	597,7 k €	+631%	81,7 k €
Balance sheet
Equity	54,6 M €	+14.5%	47,6 M €	-1.4%	48,3 M €	+3.6%	46,6 M €	+1.7%	45,8 M €	+174%	16,7 M €	+28.7%	13 M €	+17.1%	11,1 M €	+17.4%	9,4 M €	+6.6%	8,8 M €
Total assets	93,2 M €	+6.2%	87,8 M €	-13.2%	101,1 M €	+16.4%	86,9 M €	+16.7%	74,4 M €	+102%	36,9 M €	+4.1%	35,4 M €	+8.1%	32,8 M €	+5.4%	31,1 M €	+2.9%	30,2 M €
Cash	7,2 M €	-27.1%	9,9 M €	+65.7%	6 M €	+116%	2,8 M €	-46.0%	5,1 M €	+194%	1,7 M €	+1917%	86,7 k €	+106%	42,1 k €	-87.0%	323,7 k €	+58.7%	203,9 k €
Debts	36,6 M €	-0.8%	36,9 M €	-30.0%	52,8 M €	+31.2%	40,2 M €	+40.8%	28,6 M €	+68.3%	17 M €	-11.8%	19,2 M €	-8.3%	21 M €	-3.0%	21,6 M €	+1.4%	21,3 M €
Other
Workforce	285,9 ETP	+0.1%	285,6 ETP	+0.6%	283,9 ETP	+6.9%	265,5 ETP	-2.1%	271,2 ETP	+111%	128,4 ETP	+12.7%	113,9 ETP	+8.3%	105,2 ETP	-3.7%	109,2 ETP	+7.7%	101,4 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 31/12/2025 · 1 active · 16 ended

Active mandates

ALL FRESH

Director · since 17 octobre 2024 · 0462.027.925

Active

Ended mandates

CORPORATE ADVISORS

Managing director · since 17 juin 2022 · until 30 mai 2024 · 0885.522.896

Ended

ALL FRESH

Managing director · since 25 juin 2021 · until 23 juin 2027 · 0462.027.925

Ended

East End

Managing director · since 02 février 2021 · until 30 mai 2024 · 0757.537.633

Ended

CHARLES VAN DAMME

Managing director · since 05 juin 2018 · until 02 février 2021

Ended

At this address

Other companies at this address

Company	CBE no.
ALL FRESH● Active	0462.027.925
Bedero● Active	1016.260.486
B&G CONSTRUCT● Active	0760.940.056
B&G Vastgoed● Active	0746.609.493
PASAMO● Active	0681.659.580
PAUWELS-PASAMO● Active	0685.593.624
ZEKER & VAST GOED● Active	1004.810.330

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	01/07/2026	23/07/2025	29/07/2024	03/07/2023	28/06/2022	29/06/2021
General meeting	24/06/2026	25/06/2025	28/06/2024	23/06/2023	17/06/2022	25/06/2021
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

35 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	25/06/2025	23/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	25/06/2025	22/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	29/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	28/06/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	03/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	23/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	28/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	17/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	24/06/2020	08/07/2020	Dutch	PDF
Consolidated accounts	31/12/2019	24/06/2020	08/07/2020	Dutch	PDF
Full model	31/12/2018	23/05/2019	17/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	23/05/2019	17/06/2019	Dutch	PDF
Full model	31/12/2017	30/05/2018	12/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	30/05/2018	12/06/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	29/05/2017	Dutch	PDF
Consolidated accounts	31/12/2016	19/05/2017	29/05/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	01/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	20/05/2016	31/05/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	04/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	02/06/2015	04/06/2015	Dutch	PDF
Full model	31/12/2013	23/05/2014	03/06/2014	Dutch	PDF

View all 35 filings

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 31/12/2025 · 1 active · 16 ended

Active mandates

ALL FRESH

Director · since 17 octobre 2024 · 0462.027.925

Active

Ended mandates

CORPORATE ADVISORS

Managing director · since 17 juin 2022 · until 30 mai 2024 · 0885.522.896

Ended

ALL FRESH

Managing director · since 25 juin 2021 · until 23 juin 2027 · 0462.027.925

Ended

East End

Managing director · since 02 février 2021 · until 30 mai 2024 · 0757.537.633

Ended

CHARLES VAN DAMME

Managing director · since 05 juin 2018 · until 02 février 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other03/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL
PDF
Mandates19/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2018
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

2025
Annual accounts 202519,1 M €↑
2024
Annual accounts 202411,5 M €↑
17/10/2024
nominationALL FRESH — enige bestuurder
2023
Annual accounts 20233,4 M €↑
23/06/2023
reconductionDeloitte Bedrijfsrevisoren BV — commissaris
2022
Annual accounts 2022890,3 k €↓
17/06/2022
nominationCorporate Advisors BV — bestuurder
17/06/2022
nominationCorporate Advisors BV — gedelegeerd bestuurder
2021
Annual accounts 20212,1 M €↓
2010
Annual accounts 20103,7 M €↑
2009
Annual accounts 20091,9 M €↑
2008
Annual accounts 20081,6 M €↑
2007
Annual accounts 2007597,7 k €↑
2006
Annual accounts 200681,7 k €
28/03/1949
IncorporationPublic limited company

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

PAUWELS

Overview

What does PAUWELS do?

Trend over 10 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