ACTIVE

Transports Penning

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Financial year 2025 · Closed on 31/12/2025

Net result264,3 k €+71,1 %over 1 year

Revenue34,7 M €+5,4 %over 1 year

Equity11,3 M €+1,6 %over 1 year

Workforce292,2 ETP+4,9 %over 1 year

Identity

Source · BCE/KBO

Transports Penning is a Public limited company incorporated in 1968. Its main activity is: Urban and suburban passenger land transport. Its registered office is in Tintigny. It employs on average 292,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0406.069.912
Incorporation: 01/01/1968
Legal form: Public limited company
Registered office: Avenue Louise,Saint-Vincent 72
6730 Tintigny · WallonieSee on map
Contributed capital: 1 295 390,53 €
Latest accounts: 31/12/2025
Average workforce: 292,2 ETP

Activities (NACE)

49310Urban and suburban passenger land transport· main 49310Urban and suburban passenger land transport 60211Television programming and broadcasting activities 60212Television programming and broadcasting activities 45201Maintenance and repair of motor vehicles 49320Taxi operation+6

Joint committees (4)

140
14001
200
218

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	34,7 M €	+5.4%	32,9 M €	+6.0%	31,1 M €	+12.8%	27,6 M €	+12.5%	24,5 M €
EBITDA	4,7 M €	+13.5%	4,1 M €	+13.8%	3,6 M €	-17.0%	4,4 M €	+1.4%	4,3 M €
Operating result	510,5 k €	+608%	72,1 k €	+128%	-259,6 k €	-164%	404,4 k €	+2170%	17,8 k €
Net result	264,3 k €	+71.1%	154,5 k €	+62.4%	95,1 k €	-75.4%	386,9 k €	+764%	-58,2 k €
Balance sheet
Equity	11,3 M €	+1.6%	11,1 M €	+1.4%	11 M €	-35.2%	17 M €	-22.6%	21,9 M €
Total assets	29 M €	+4.6%	27,7 M €	-17.2%	33,4 M €	-14.1%	38,9 M €	-0.1%	39 M €
Cash	47,9 k €	+89.0%	25,3 k €	-46.3%	47,2 k €	-33.7%	71,2 k €	+209%	23 k €
Debts	17,6 M €	+6.6%	16,5 M €	-26.3%	22,5 M €	+2.2%	22 M €	+28.8%	17,1 M €
Other
Workforce	292,2 ETP	+4.9%	278,5 ETP	+2.8%	271,0 ETP	+3.8%	261,0 ETP	+4.3%	250,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Valérie Bailly	Director01/12/2025 → 05/06/2028
Philippe DOCX	Director12/03/2024 → 07/06/2027
Christophe Halloy	Managing director02/06/2020 → 01/06/2026Director02/06/2014 → 2015 accountsended
Pierre DENIS	Director04/01/2008 → 01/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe MORSA	Director08/11/2016 → 2024 accounts
De Prycker Consult0694.837.625Represented by SRL DE PRYCKER Consult Représenté par Stefan De Prycker	Director02/06/2020 → 2022 accounts

Other companies at this address

Avenue Louise,Saint-Vincent 72 6730 Tintigny

Company	CBE no.
Bulle de bien-être en Gaume ASBL● Active	1039.005.107

Full financial information

Source · NBB

	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	23/06/2026	26/06/2025	11/06/2024	14/06/2023	15/06/2022	07/07/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	23/06/2026	French	PDF
Full model	31/12/2024	02/06/2025	26/06/2025	French	PDF
Full model	31/12/2023	03/06/2024	11/06/2024	French	PDF
Full model	31/12/2022	05/06/2023	14/06/2023	French	PDF
Full model	31/12/2021	07/06/2022	15/06/2022	French	PDF
Full model	31/12/2020	07/06/2021	07/07/2021	French	PDF
Full model	31/12/2019	02/06/2020	25/06/2020	French	PDF
Full model	31/12/2018	03/06/2019	26/06/2019	French	PDF
Full model	31/12/2017	28/06/2018	26/07/2018	French	PDF
Full model	31/12/2016	06/06/2017	30/06/2017	French	PDF
Full model	31/12/2015	06/06/2016	23/06/2016	French	PDF
Full model	31/12/2014	01/06/2015	23/06/2015	French	PDF
Full model	31/12/2013	02/06/2014	20/06/2014	French	PDF
Full model	31/12/2012	03/06/2013	17/06/2013	French	PDF
Full model	31/12/2011	04/06/2012	28/06/2012	French	PDF
Full model	31/12/2010	06/06/2011	23/06/2011	French	PDF
Full model	31/12/2009	07/06/2010	30/06/2010	French	PDF
Full model	31/12/2008	08/06/2009	26/06/2009	French	PDF
Full model	31/12/2007	02/06/2008	01/07/2008	French	PDF
Full model	31/12/2006	04/06/2007	28/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

4 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Valérie Bailly	Director01/12/2025 → 05/06/2028
Philippe DOCX	Director12/03/2024 → 07/06/2027
Christophe Halloy	Managing director02/06/2020 → 01/06/2026Director02/06/2014 → 2015 accountsended
Pierre DENIS	Director04/01/2008 → 01/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe MORSA	Director08/11/2016 → 2024 accounts
De Prycker Consult0694.837.625Represented by SRL DE PRYCKER Consult Représenté par Stefan De Prycker	Director02/06/2020 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/09/2026
Nominations et démissions et renouvellement du mandat du commissaire-
PDF
Mandates04/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates26/09/2022
DEMISSIONS, NOMINATIONS
PDF
Restructuring15/02/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring12/11/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates16/09/2020
DEMISSIONS, NOMINATIONS
PDF

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

Valérie Bailly

Philippe DOCX

Pierre DENIS

Christophe Halloy

Philippe MORSA

De Prycker Consult

Eurobus Holding

RENOUPREZ Marc

OPERATEUR DE TRANSPORT DE WALLONIE

JEAN-MARC VANDENBROUCKE

ROLAND JOST

SOCIETE ANONYME DE GESTION FINANCIERE IMMOBILIERE ET MOBILIERE

Show the other mandate

1968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

Transports Penning

Avenue Louise,Saint-Vincent 72, 6730 Tintigny

Director

Managing directorDirector

Director

Managing director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Louise,Saint-Vincent 72, 6730 TintignyCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00196082

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Transports PenningCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00196082

Events

2025
Annual accounts 2025264,3 k €↑
2024
Annual accounts 2024154,5 k €↑
2023
Annual accounts 202395,1 k €↓
2022
Annual accounts 2022386,9 k €↑
2021
Annual accounts 2021-58,2 k €↑
2020
Annual accounts 2020-467,7 k €↓
2015
Annual accounts 20151,7 M €↑
2014
Annual accounts 20141,5 M €↑
2012
Annual accounts 2012935,4 k €↑
2011
Annual accounts 2011827,6 k €↑
2010
Annual accounts 2010773,1 k €↓
2007
Annual accounts 20071,1 M €↓
2006
Annual accounts 20061,2 M €
01/01/1968
IncorporationPublic limited company

Transports Penning

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events