ACTIVE

STUDIE- EN EXPERTISEBUREAU DE PALMENAER

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Financial year 2025 · Closed on 31/12/2025

Net result240,1 k €+1 177,3 %over 1 year

Gross margin1,5 M €+43,8 %over 1 year

Equity4,8 M €+5,2 %over 1 year

Workforce9,2 ETP-17,9 %over 1 year

Identity

Source · BCE/KBO

STUDIE- EN EXPERTISEBUREAU DE PALMENAER is a Public limited company incorporated in 1981. Its registered office is in Gent. It employs on average 9,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0421.239.425
Incorporation: 04/02/1981
Legal form: Public limited company
Registered office: Derbystraat 251
9051 Gent · FlandreSee on map
Contributed capital: 3 062 000,00 €
Latest accounts: 31/12/2025
Average workforce: 9,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,5 M €	+43.8%	1 M €	+1.1%	1 M €	-5.0%	1,1 M €	-26.6%	1,5 M €
EBITDA	843,7 k €	+65.3%	510,3 k €	+47.6%	345,8 k €	-26.6%	471,4 k €	-43.4%	833,2 k €
Operating result	523,9 k €	+196%	176,8 k €	+347%	39,5 k €	-77.3%	174,3 k €	-64.0%	483,6 k €
Net result	240,1 k €	+1177%	-22,3 k €	+44.4%	-40,1 k €	-181%	49,4 k €	-86.9%	377,7 k €
Balance sheet
Equity	4,8 M €	+5.2%	4,6 M €	-0.5%	4,6 M €	-0.9%	4,6 M €	+1.1%	4,6 M €
Total assets	8,7 M €	-1.6%	8,8 M €	-0.8%	8,9 M €	-3.2%	9,2 M €	+1.1%	9,1 M €
Cash	1,2 k €		–		1,7 k €	-85.6%	11,5 k €	-53.4%	24,7 k €
Debts	3,7 M €	-11.9%	4,2 M €	-1.4%	4,3 M €	-5.6%	4,5 M €	+1.1%	4,5 M €
Other
Workforce	9,2 ETP	-17.9%	11,2 ETP	+12.0%	10,0 ETP	-7.4%	10,8 ETP	-16.3%	12,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 13 ended

Active mandates

Feliciaan De Palmenaer

Director · since 09 août 2021 · until 30 juin 2026

Active

Frank De Palmenaer

Managing director · since 09 août 2021 · until 30 juin 2026

Active

Ended mandates

Feliciaan De Palmenaer

Director · since 09 août 2021 · until 01 juin 2026

Ended

Feliciaan De Palmenaer

Director · since 09 août 2021 · until 20 juin 2026

Ended

Frank De Palmenaer

Managing director · since 09 août 2021 · until 01 juin 2024

Ended

Frank De Palmenaer

Managing director · since 09 août 2021 · until 20 juin 2026

Ended

Full financial information

Source · NBB

	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	30/06/2026	29/08/2025	23/10/2024	25/09/2023	25/09/2023	10/08/2021
General meeting	30/06/2026	29/08/2025	18/10/2024	13/07/2023	13/07/2023	09/08/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	18/10/2024	23/10/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	13/07/2023	25/09/2023	Dutch	PDF
Abridged model	31/12/2022	13/07/2023	19/09/2023	Dutch	PDF
Abridged model	31/12/2021	13/07/2023	25/09/2023	Dutch	PDF
Abridged model	31/12/2020	09/08/2021	10/08/2021	Dutch	PDF
Abridged model	31/12/2019	09/08/2021	10/08/2021	Dutch	PDF
Abridged model	31/12/2018	20/08/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/07/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	04/05/2018	29/05/2018	Dutch	PDF
Abridged model	31/12/2015	02/01/2017	23/01/2017	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	06/08/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	21/10/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	09/03/2011	Dutch	PDF
Abridged model	31/12/2008	30/04/2009	19/01/2010	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	19/12/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	12/11/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 13 ended

Active mandates

Feliciaan De Palmenaer

Director · since 09 août 2021 · until 30 juin 2026

Active

Frank De Palmenaer

Managing director · since 09 août 2021 · until 30 juin 2026

Active

Ended mandates

Feliciaan De Palmenaer

Director · since 09 août 2021 · until 01 juin 2026

Ended

Feliciaan De Palmenaer

Director · since 09 août 2021 · until 20 juin 2026

Ended

Frank De Palmenaer

Managing director · since 09 août 2021 · until 01 juin 2024

Ended

Frank De Palmenaer

Managing director · since 09 août 2021 · until 20 juin 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other13/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares06/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring28/09/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025240,1 k €↑
2024
Annual accounts 2024-22,3 k €↑
2023
Annual accounts 2023-40,1 k €↓
2022
Annual accounts 202249,4 k €↓
2021
Annual accounts 2021377,7 k €↑
2020
Annual accounts 202010,6 k €↑
2019
Annual accounts 2019-31,7 k €↓
2014
Annual accounts 2014117,7 k €↓
2013
Annual accounts 2013150,2 k €↓
2012
Annual accounts 2012203,8 k €↓
2011
Annual accounts 2011204,2 k €↑
2010
Annual accounts 201035,7 k €↑
2008
Annual accounts 200821,1 k €↓
2007
Annual accounts 200744,6 k €↑
2006
Annual accounts 200638,1 k €
04/02/1981
IncorporationPublic limited company

STUDIE- EN EXPERTISEBUREAU DE PALMENAER

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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