ACTIVE

PELZER

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Financial year 2025 · closed on 31/12/2025
Net result
312,4 k €
+75.4% YoY
Revenue
17,7 M €
+9.2% YoY
Equity
1,7 M €
+21.0% YoY
Workforce
81,6 ETP
-6.5% YoY

What does PELZER do?

PELZER is a Public limited company incorporated in 1982. Its main activity is: Manufacture of non-domestic cooling and ventilation equipment. Its registered office is in Herstal. It employs on average 81,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0423.585.043
Incorporation
25/11/1982
Legal form
Public limited company
Registered office
Parc Ind. des Hauts Sarts, 1e av 55-57
4040 Herstal · Wallonie
Contributed capital
1 962 000,00 €
Latest accounts
31/12/2025
Average workforce
81,6 ETP
Activities (NACE)
28250Manufacture of non-domestic cooling and ventilation equipment· main28250Manufacture of non-domestic cooling and ventilation equipment29230Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation45331Sale of motor vehicle parts and accessories+6
Joint committees (6)
  • 143
  • 14901
  • 200
  • 2000
  • 2010
  • 218
Signals
ProfitableLow 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 17 financial years

20252024202320222021202020192018201720162015201320122011201020092008
Income statement
Revenue17,7 M €16,2 M €15,1 M €15,3 M €15 M €13,7 M €14,5 M €12,9 M €15,8 M €10,8 M €11,2 M €11,5 M €8,5 M €8 M €5,9 M €5,8 M €7 M €
EBITDA763,6 k €708,8 k €608,8 k €699,7 k €353,1 k €120 k €728,2 k €102,6 k €447,6 k €461,1 k €598,9 k €378,5 k €187,9 k €117,5 k €229,8 k €54,2 k €116,8 k €
Operating result513,6 k €307,4 k €427,6 k €455,6 k €71,3 k €-214,3 k €285,2 k €-436,6 k €46,9 k €234,7 k €335,2 k €150,4 k €73,9 k €44,1 k €171,1 k €-4,4 k €74,9 k €
Net result312,4 k €178,1 k €234,9 k €266,2 k €8,9 k €-214,9 k €169,3 k €-499,8 k €-10,4 k €117,7 k €216 k €13,3 k €18,5 k €11,9 k €92,9 k €3,7 k €41,8 k €
Balance sheet
Equity1,7 M €1,4 M €1,2 M €1 M €778,2 k €785,5 k €1 M €863,6 k €1,4 M €1,4 M €1,3 M €969,7 k €956,4 k €938 k €926 k €833,2 k €829,5 k €
Total assets6,6 M €7,2 M €6,7 M €6,9 M €6,8 M €6 M €6,7 M €6,7 M €6,4 M €6 M €5,8 M €5,6 M €3,5 M €3,5 M €2,9 M €2,7 M €3,1 M €
Cash673,7 k €839,5 k €1 M €956,8 k €1,4 M €587,7 k €664,9 k €262,6 k €210,1 k €128,6 k €1 M €53,7 k €387,1 k €269,5 k €160,3 k €357,9 k €533,7 k €
Debts3,8 M €4,9 M €4,6 M €5,1 M €4,7 M €4,6 M €4,7 M €5 M €4,5 M €3,7 M €3,7 M €4,4 M €2,2 M €2,2 M €1,6 M €1,5 M €1,8 M €
Other
Workforce81,6 ETP87,3 ETP85,7 ETP81,3 ETP82,3 ETP91,1 ETP80,4 ETP86,2 ETP119,1 ETP47,8 ETP45,0 ETP40,0 ETP37,0 ETP34,0 ETP34,0 ETP34,0 ETP36,3 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 · 4 active · 23 ended

Active mandates

HERVE BELGIUM

Director · since 16 juin 2022 · 0552.552.976

Represented by Michel HERVE

Active
HERVE THERMIQUE S.A.S.

Director · since 16 juin 2022

Represented by Emmanuel HERVE

Active
Karien VAN DRIESSCHE

Director · since 16 juin 2022

Active
Ludovic GASNIER

Director · since 16 juin 2022

Active

Ended mandates

Ludovic GASNIER

Managing director · since 17 novembre 2021

Ended
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES

Mandate · since 12 juillet 2016 · until 28 mai 2019 · 0439.814.826

Represented by Gunther (A01767) LOITS

Ended
HERVE BELGIUM

Director · since 12 juillet 2016 · until 24 mai 2022 · 0552.552.976

Represented by Michel HERVE

Ended
HERVE THERMIQUE SA S. Etr.

Director · since 12 juillet 2016 · until 24 mai 2022

Represented by Emmanuel HERVE

Ended
At this address

Other companies at this address

CompanyCBE no.
FRESKIMO● Active
0437.894.325
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/06/202613/06/202518/06/202412/07/202328/09/202203/08/2021
General meeting08/06/202610/06/202510/06/202416/06/202316/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/06/202619/06/2026FrenchPDF
Full model31/12/202410/06/202513/06/2025FrenchPDF
Full model31/12/202310/06/202418/06/2024FrenchPDF
Full model31/12/202216/06/202312/07/2023FrenchPDF
Full modelCorrection31/12/202116/06/202228/09/2022FrenchPDF
Full model31/12/202116/06/202231/08/2022FrenchPDF
Full model31/12/202011/06/202103/08/2021FrenchPDF
Full model31/12/201903/06/202009/09/2020FrenchPDF
Full model31/12/201807/05/201910/05/2019FrenchPDF
Full model31/12/201704/05/201808/06/2018FrenchPDF
Full model31/12/201631/03/201703/04/2017FrenchPDF
Full model31/12/201524/05/201631/05/2016FrenchPDF
Full model31/12/201426/05/201527/05/2015FrenchPDF
Full model31/12/201327/05/201403/06/2014FrenchPDF
Full model31/12/201228/05/201305/06/2013FrenchPDF
Full model31/12/201122/05/201219/06/2012FrenchPDF
Full model31/12/201024/05/201115/06/2011FrenchPDF
Full model31/12/200925/05/201029/06/2010FrenchPDF
Full model31/12/200826/05/200923/06/2009FrenchPDF
Full model31/12/200727/05/200809/06/2008FrenchPDF
Full model31/12/200615/06/200712/07/2007FrenchPDF
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 · 4 active · 23 ended

Active mandates

HERVE BELGIUM

Director · since 16 juin 2022 · 0552.552.976

Represented by Michel HERVE

Active
HERVE THERMIQUE S.A.S.

Director · since 16 juin 2022

Represented by Emmanuel HERVE

Active
Karien VAN DRIESSCHE

Director · since 16 juin 2022

Active
Ludovic GASNIER

Director · since 16 juin 2022

Active

Ended mandates

Ludovic GASNIER

Managing director · since 17 novembre 2021

Ended
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES

Mandate · since 12 juillet 2016 · until 28 mai 2019 · 0439.814.826

Represented by Gunther (A01767) LOITS

Ended
HERVE BELGIUM

Director · since 12 juillet 2016 · until 24 mai 2022 · 0552.552.976

Represented by Michel HERVE

Ended
HERVE THERMIQUE SA S. Etr.

Director · since 12 juillet 2016 · until 24 mai 2022

Represented by Emmanuel HERVE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other15/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE
    PDF
  • Mandates12/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/10/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/07/2022
    ENTLASSUNG - ERNENNUNG
    PDF
  • Restructuring03/05/2017
    CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring28/02/2017
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025312,4 k €↑
  2. 2024
    Annual accounts 2024178,1 k €↓
  3. 2023
    Annual accounts 2023234,9 k €↓
  4. 2022
    Annual accounts 2022266,2 k €↑
  5. 2021
    Annual accounts 20218,9 k €↑
  6. 2020
    Annual accounts 2020-214,9 k €↓
  7. 2019
    Annual accounts 2019169,3 k €↑
  8. 2018
    Annual accounts 2018-499,8 k €↓
  9. 2017
    Annual accounts 2017-10,4 k €↓
  10. 2016
    Annual accounts 2016117,7 k €↓
  11. 2015
    Annual accounts 2015216 k €↑
  12. 2013
    Annual accounts 201313,3 k €↓
  13. 2012
    Annual accounts 201218,5 k €↑
  14. 2011
    Annual accounts 201111,9 k €↓
  15. 2010
    Annual accounts 201092,9 k €↑
  16. 2009
    Annual accounts 20093,7 k €↓
  17. 2008
    Annual accounts 200841,8 k €
  18. 25/11/1982
    IncorporationPublic limited company