ACTIVE

PIANC

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Financial year 2025 · closed on 31/12/2025

Net result

148,3 k €

+77.9% YoY

Revenue

899,2 k €

+22.6% YoY

Equity

2 M €

+8.1% YoY

Workforce

4,0 ETP

-2.4% YoY

What does PIANC do?

PIANC is a International non-profit organization incorporated in 1923. Its registered office is in Bruxelles. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0408.287.945

Incorporation

23/03/1923

Legal form

International non-profit organization

Registered office

Boulevard Simon Bolivar 17
1000 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Revenue	899,2 k €	+22.6%	733,4 k €	+12.2%	653,4 k €	-2.7%	671,4 k €		–		–		–		–		–		–		–		–		–
EBITDA	195,4 k €	+112%	92,2 k €	+485%	-23,9 k €	-126%	91,2 k €	-39.3%	150,2 k €	+79.5%	83,7 k €	+55.7%	53,7 k €	-68.4%	170,1 k €	+101%	84,6 k €	+245%	-58,2 k €	-275%	33,3 k €	-65.9%	97,7 k €	+24.9%	78,2 k €
Operating result	114,7 k €	+729%	13,8 k €	+118%	-78,8 k €	-231%	60,3 k €	-50.1%	120,9 k €	+92.0%	62,9 k €	+92.1%	32,8 k €	-77.8%	147,5 k €	+125%	65,5 k €	+205%	-62,6 k €	-317%	28,8 k €	-69.8%	95,3 k €	+26.8%	75,1 k €
Net result	148,3 k €	+77.9%	83,3 k €	+1040%	-8,9 k €	+91.2%	-100,7 k €	-161%	166,3 k €	+70.8%	97,4 k €	-8.7%	106,7 k €	+18.4%	90,1 k €	-1.8%	91,7 k €	+249%	-61,8 k €	-278%	34,6 k €	-73.2%	129 k €	+53.3%	84,1 k €
Balance sheet
Equity	2 M €	+8.1%	1,8 M €	+4.8%	1,7 M €	-0.5%	1,8 M €	-5.4%	1,9 M €	+9.9%	1,7 M €	+6.1%	1,6 M €	+7.2%	1,5 M €	+6.5%	1,4 M €	+7.1%	1,3 M €	-4.5%	1,4 M €	+2.6%	1,3 M €	+10.8%	1,2 M €
Total assets	2,1 M €	+6.3%	1,9 M €	+4.3%	1,9 M €	+0.3%	1,9 M €	-5.0%	2 M €	+9.1%	1,8 M €	+5.6%	1,7 M €	+8.5%	1,6 M €	+6.1%	1,5 M €	+7.0%	1,4 M €	-6.2%	1,5 M €	+5.4%	1,4 M €	+10.9%	1,3 M €
Cash	354,5 k €	+55.8%	227,5 k €	-3.1%	234,8 k €	-42.6%	408,8 k €	-8.2%	445,5 k €	-0.6%	448,1 k €	+2.5%	437,3 k €	-13.0%	502,5 k €	+30.7%	384,5 k €	+8.5%	354,2 k €	-24.5%	469,3 k €	-19.0%	579,2 k €	+7.5%	539 k €
Debts	98,3 k €	-21.3%	125 k €	-1.9%	127,4 k €	+13.1%	112,6 k €	+13.5%	99,2 k €	-12.3%	113,1 k €	+0.4%	112,7 k €	+40.1%	80,5 k €	-5.8%	85,4 k €	+2.0%	83,7 k €	-18.0%	102,1 k €	+44.8%	70,5 k €	+12.8%	62,5 k €
Other
Workforce	4,0 ETP	-2.4%	4,1 ETP	+2.5%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	+14.3%	3,5 ETP	+16.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+7.1%	2,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Francisco Esteban Lefler

Chairman of the board of directors · since 05 juin 2019

Active

Geert Van Cappellen

Secrétaire général · since 20 juin 2017

Active

Ended mandates

Geoffroy Caude

Chairman of the board of directors · since 17 mai 2011 · until 05 juin 2019

Ended

Geoffroy Caude

Chairman of the board of directors · since 17 mai 2011

Ended

Louis Van Schel

Director · since 17 mai 2011 · until 20 juin 2017

Ended

Louis Van Schel

Director · since 17 mai 2011

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/06/2026	29/07/2025	30/09/2024	21/08/2023	08/07/2022	14/06/2021
General meeting	13/05/2026	15/05/2025	27/04/2024	25/05/2023	02/06/2022	26/05/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/05/2026	10/06/2026	French	PDF
Abridged model	31/12/2024	15/05/2025	29/07/2025	French	PDF
Abridged model	31/12/2023	27/04/2024	30/09/2024	French	PDF
Abridged model	31/12/2022	25/05/2023	21/08/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	08/07/2022	French	PDF
Abridged model	31/12/2020	26/05/2021	14/06/2021	French	PDF
Abridged model	31/12/2019	24/06/2020	10/07/2020	French	PDF
Abridged model	31/12/2018	05/06/2019	21/06/2019	French	PDF
Abridged model	31/12/2017	05/05/2018	28/05/2018	French	PDF
Abridged model	31/12/2016	19/06/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	16/05/2016	17/05/2016	French	PDF
Abridged model	31/12/2014	18/05/2015	15/06/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	28/08/2014	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Francisco Esteban Lefler

Chairman of the board of directors · since 05 juin 2019

Active

Geert Van Cappellen

Secrétaire général · since 20 juin 2017

Active

Ended mandates

Geoffroy Caude

Chairman of the board of directors · since 17 mai 2011 · until 05 juin 2019

Ended

Geoffroy Caude

Chairman of the board of directors · since 17 mai 2011

Ended

Louis Van Schel

Director · since 17 mai 2011 · until 20 juin 2017

Ended

Louis Van Schel

Director · since 17 mai 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other28/05/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office09/04/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - OBJET
PDF
Mandates17/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates03/08/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates16/04/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates24/11/2006
DENOMINATION - SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025148,3 k €↑
2024
Annual accounts 202483,3 k €↑
2023
Annual accounts 2023-8,9 k €↑
2022
Annual accounts 2022-100,7 k €↓
2021
Annual accounts 2021166,3 k €↑
2020
Annual accounts 202097,4 k €↓
2019
Annual accounts 2019106,7 k €↑
2018
Annual accounts 201890,1 k €↓
2017
Annual accounts 201791,7 k €↑
2016
Annual accounts 2016-61,8 k €↓
2015
Annual accounts 201534,6 k €↓
2014
Annual accounts 2014129 k €↑
2013
Annual accounts 201384,1 k €
23/03/1923
IncorporationInternational non-profit organization

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

PIANC

Overview

What does PIANC do?

Trend over 13 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