ACTIVE

FRANS PENNE MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

301,5 k €

-14.5% YoY

Gross margin

593,7 k €

+3.1% YoY

Equity

2,2 M €

+15.8% YoY

Workforce

1,3 ETP

What does FRANS PENNE MANAGEMENT do?

FRANS PENNE MANAGEMENT is a Public limited company incorporated in 1974. Its main activity is: Wholesale of china and glassware and cleaning materials. Its registered office is in Aalst. It employs on average 1,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.890.090

Incorporation

07/02/1974

Legal form

Public limited company

Registered office

Hof Somergem 55
9320 Aalst · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

1,3 ETP

Activities (NACE)

46442Wholesale of china and glassware and cleaning materials· main 46442Wholesale of china and glassware and cleaning materials 51442Air transport 68321Management of real estate on a fee or contract basis 68321Management of real estate on a fee or contract basis 43343Painting and glazing+5

Joint committees (3)

1000
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	593,7 k €	+3.1%	575,9 k €	-86.0%	4,1 M €	+10966%	37,1 k €	+61.3%	23 k €	+108%	-296,4 k €	-248%	200,2 k €	-9.8%	222 k €	-14.0%	258,2 k €	+103%	127,3 k €	-54.8%	281,4 k €	-26.1%	380,9 k €	+37.2%	277,7 k €
EBITDA	539,2 k €	-3.3%	557,6 k €	-86.4%	4,1 M €	+12317%	32,9 k €	+72.5%	19,1 k €	+104%	-476,4 k €	-3456%	14,2 k €	-39.6%	23,5 k €	-46.9%	44,2 k €	+128%	-156,1 k €	-231%	-47,1 k €	-188%	53,4 k €	+246%	-36,5 k €
Operating result	527,7 k €	-4.9%	554,8 k €	-86.4%	4,1 M €	+12898%	31,4 k €	+72.7%	18,2 k €	+102%	-1,2 M €	-4940%	-23,2 k €	-124%	-10,4 k €	+74.9%	-41,3 k €	+78.1%	-188,3 k €	-130%	-81,8 k €	-367%	-17,5 k €	+78.5%	-81,5 k €
Net result	301,5 k €	-14.5%	352,6 k €	-87.2%	2,8 M €	+12407%	22 k €	+124%	9,8 k €	+101%	-1,2 M €	-2210%	-51,8 k €	+7.0%	-55,7 k €	+25.7%	-75 k €	-12.1%	-66,9 k €	+38.8%	-109,4 k €	-213%	-35 k €	+18.7%	-43 k €
Balance sheet
Equity	2,2 M €	+15.8%	1,9 M €	-23.5%	2,5 M €	+1062%	-259 k €	+7.8%	-281 k €	+74.4%	-1,1 M €	-1186%	100,9 k €	-33.9%	152,7 k €	-26.7%	208,4 k €	-26.5%	283,4 k €	-19.1%	350,3 k €	-23.8%	459,7 k €	-7.1%	494,7 k €
Total assets	5,8 M €	-12.1%	6,6 M €	+71.9%	3,8 M €	+1424%	252,3 k €	+65.2%	152,7 k €	-89.6%	1,5 M €	-42.1%	2,5 M €	-1.2%	2,6 M €	+4.5%	2,5 M €	-0.6%	2,5 M €	+6.0%	2,3 M €	-1.2%	2,4 M €	+6.1%	2,2 M €
Cash	15,8 k €	-96.9%	513,9 k €	-86.2%	3,7 M €		0 €	-100%	43 k €	+69.3%	25,4 k €	-33.0%	37,9 k €	+132%	16,3 k €	-24.7%	21,7 k €	-30.1%	31 k €	+16.4%	26,6 k €	+22.9%	21,7 k €	-3.1%	22,3 k €
Debts	3,6 M €	-23.4%	4,7 M €	+269%	1,3 M €	+150%	511,3 k €	+17.9%	433,7 k €	-83.1%	2,6 M €	+5.3%	2,4 M €	+0.9%	2,4 M €	+7.4%	2,2 M €	+2.7%	2,2 M €	+10.5%	2 M €	+4.2%	1,9 M €	+9.9%	1,7 M €
Other
Workforce	1,3 ETP		0,0 ETP		0,0 ETP		–		–		5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	-10.7%	5,6 ETP	-13.8%	6,5 ETP	-12.2%	7,4 ETP	-1.3%	7,5 ETP	0.0%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Emiel Penne

Director · since 06 mai 2024 · until 05 mai 2030

Active

Frans Penne

Managing director · since 06 mai 2024 · until 05 mai 2030

Active

Ended mandates

Frans Penne

Director · since 06 mai 2024 · until 05 mai 2030

Ended

Emiel Penne

Director · since 26 mai 2021 · until 17 juin 2027

Ended

Frans Penne

Director · since 26 mai 2021 · until 17 juin 2027

Ended

Emiel Penne

Director · since 29 janvier 2016 · until 29 janvier 2022

Ended

At this address

Other companies at this address

Company	CBE no.
COAST HOUSE● Active	0451.009.121
PENNE BUILDING INVEST● Active	0561.708.192
Penne Groep● Active	0793.720.514

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	02/07/2026	07/07/2025	30/05/2024	24/07/2023	23/06/2022	08/07/2021
General meeting	27/05/2026	30/06/2025	03/04/2024	15/06/2023	16/06/2022	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

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/05/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/04/2024	30/05/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	23/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	08/07/2021	Dutch	PDF
Micro model	31/12/2019	15/07/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/05/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	10/01/2016	Dutch	PDF
Abridged model	31/12/2013	28/05/2014	22/09/2015	Dutch	PDF
Abridged model	31/12/2012	22/05/2013	22/09/2015	Dutch	PDF
Abridged model	31/12/2011	30/05/2012	22/09/2015	Dutch	PDF
Abridged model	31/12/2010	25/05/2011	22/09/2015	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	22/09/2015	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	22/09/2015	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	22/09/2015	Dutch	PDF
Abridged model	31/12/2006	23/05/2007	10/07/2007	Dutch	PDF
Abridged model	31/12/2005	24/05/2006	09/02/2007	Dutch	PDF
Abridged model	31/12/2004	25/05/2005	09/02/2007	Dutch	PDF
Abridged model	31/12/2003	26/05/2004	09/02/2007	Dutch	PDF
Abridged model	31/12/2002	28/05/2003	09/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 12 ended

Active mandates

Emiel Penne

Director · since 06 mai 2024 · until 05 mai 2030

Active

Frans Penne

Managing director · since 06 mai 2024 · until 05 mai 2030

Active

Ended mandates

Frans Penne

Director · since 06 mai 2024 · until 05 mai 2030

Ended

Emiel Penne

Director · since 26 mai 2021 · until 17 juin 2027

Ended

Frans Penne

Director · since 26 mai 2021 · until 17 juin 2027

Ended

Emiel Penne

Director · since 29 janvier 2016 · until 29 janvier 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/05/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/03/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN
PDF
Mandates25/02/2016
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2015
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2003
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 2025301,5 k €↓
2024
Annual accounts 2024352,6 k €↓
2023
Annual accounts 20232,8 M €↑
2022
Annual accounts 202222 k €↑
2021
Annual accounts 20219,8 k €↑
2018
Name changeFrans Penne Management
2014
Annual accounts 2014-1,2 M €↓
2013
Annual accounts 2013-51,8 k €↑
2012
Annual accounts 2012-55,7 k €↑
2011
Annual accounts 2011-75 k €↓
2010
Annual accounts 2010-66,9 k €↑
2009
Annual accounts 2009-109,4 k €↓
2008
Annual accounts 2008-35 k €↑
2007
Annual accounts 2007-43 k €
2007
Name changeD'Haens
07/02/1974
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

FRANS PENNE MANAGEMENT

Overview

What does FRANS PENNE MANAGEMENT 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