ACTIVE

PIM

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Financial year 2025 · closed on 31/12/2025

Net result

67,7 k €

-70.9% YoY

Gross margin

114,5 k €

-55.4% YoY

Equity

2,5 M €

+2.8% YoY

What does PIM do?

PIM is a Public limited company incorporated in 1983. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.207.913

Incorporation

29/12/1983

Legal form

Public limited company

Registered office

Jan Baptist Verlooystraat 9 box 2
2020 Antwerpen · FlandreSee on map

Contributed capital

3 873 021,50 €

Latest accounts

31/12/2025

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	114,5 k €	-55.4%	256,5 k €	+4.7%	244,9 k €	+86.2%	131,5 k €	+11.1%	118,4 k €	-36.3%	185,7 k €	-11.1%	208,9 k €	+73.9%	120,1 k €	-45.7%	221,2 k €	-21.0%	279,9 k €	+196%	94,7 k €	-56.1%	215,6 k €	-28.5%	301,7 k €	+54.6%	195,1 k €	+187%	67,9 k €	+281%	-37,6 k €	-123%	161,4 k €	-43.1%	283,7 k €	+78.3%	159,1 k €	-8.2%	173,4 k €
EBITDA	112 k €	-56.1%	254,9 k €	+5.5%	241,6 k €	+103%	119,2 k €	+2.0%	116,9 k €	+132%	-363,9 k €	-276%	207 k €	+75.4%	118 k €	+226%	-93,6 k €	-135%	264,5 k €	+221%	82,5 k €	-60.8%	210,5 k €	-29.7%	299,5 k €	+56.7%	191,1 k €	+297%	48,1 k €	+125%	-190,2 k €	-221%	157,7 k €	-43.7%	280,1 k €	+79.1%	156,4 k €	-8.4%	170,7 k €
Operating result	98,8 k €	-59.1%	241,7 k €	+5.8%	228,4 k €	+115%	106,1 k €	-7.7%	115 k €	+132%	-364 k €	-276%	207 k €	+110%	98,7 k €	+174%	-132,5 k €	-156%	238,3 k €	+289%	61,3 k €	-65.8%	179,4 k €	-38.7%	292,5 k €	+53.2%	191 k €	+328%	44,7 k €	+123%	-193,8 k €	-226%	154,1 k €	-44.3%	276,6 k €	+77.6%	155,7 k €	-8.4%	169,9 k €
Net result	67,7 k €	-70.9%	232,5 k €	+7.7%	215,9 k €	+136%	91,5 k €	-15.3%	108,1 k €	-24.6%	143,4 k €	+130%	-484,8 k €	-4015%	12,4 k €	+105%	-235,7 k €	-917%	-23,2 k €	-139%	58,8 k €	-54.0%	127,8 k €	-49.3%	252 k €	+1633%	14,5 k €	+21.2%	12 k €	+168%	4,5 k €	-96.6%	133,5 k €	-48.0%	256,6 k €	+28.1%	200,3 k €	+9.8%	182,4 k €
Balance sheet
Equity	2,5 M €	+2.8%	2,4 M €	+10.6%	2,2 M €	+10.9%	2 M €	+4.9%	1,9 M €	+6.1%	1,8 M €	+8.8%	1,6 M €	-22.9%	2,1 M €	+0.6%	2,1 M €	-10.1%	2,3 M €	-1.0%	2,4 M €	+2.5%	2,3 M €	+5.9%	2,2 M €	+13.1%	1,9 M €	+0.8%	1,9 M €	+0.6%	1,9 M €	+0.2%	1,9 M €	+7.6%	1,8 M €	+17.0%	1,5 M €	+15.3%	1,3 M €
Total assets	3,8 M €	-1.1%	3,8 M €	+4.5%	3,6 M €	+0.3%	3,6 M €	+1.6%	3,6 M €	+3.3%	3,5 M €	-1.6%	3,5 M €	-13.6%	4,1 M €	-5.8%	4,3 M €	-6.2%	4,6 M €	-1.7%	4,7 M €	-3.3%	4,8 M €	+0.8%	4,8 M €	-12.5%	5,5 M €	+11.6%	4,9 M €	-0.2%	4,9 M €	+30.5%	3,8 M €	-0.4%	3,8 M €	+7.5%	3,5 M €	+75.8%	2 M €
Cash	606,6 k €	+8.9%	556,8 k €	-4.5%	583,2 k €	-8.1%	634,8 k €	-8.7%	695,1 k €	+7.7%	645,7 k €	+834%	69,1 k €	+20.0%	57,6 k €	-58.3%	138 k €	-32.2%	203,7 k €	-19.5%	253 k €	-51.7%	523,6 k €	-6.4%	559,2 k €	+1057%	48,3 k €	-33.7%	72,9 k €	+10.0%	66,3 k €	+30.6%	50,7 k €	+67.4%	30,3 k €	-91.4%	351 k €	+785%	39,7 k €
Debts	810,4 k €	-14.0%	942,1 k €	-1.2%	953,5 k €	-18.4%	1,2 M €	-3.9%	1,2 M €	-0.1%	1,2 M €	-13.3%	1,4 M €	-1.5%	1,4 M €	-16.2%	1,7 M €	-0.2%	1,7 M €	-11.5%	1,9 M €	-15.2%	2,3 M €	+7.3%	2,1 M €	-35.5%	3,3 M €	+9.3%	3 M €	+5.7%	2,8 M €	+52.0%	1,9 M €	-7.8%	2 M €	+6.2%	1,9 M €	+256%	536 k €
Other
Workforce	–		0,0 ETP		0,0 ETP		0,0 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 · 3 active · 21 ended

Active mandates

Bart Kennes

Director · since 01 juin 2023

Active

Christiana Avonts

Director · since 01 juin 2023

Active

Marjan Kennes

Director · since 01 juin 2023

Active

Ended mandates

Bart Kennes

Managing director · since 01 juin 2023 · until 01 juin 2028

Ended

Christiana Avonts

Director · since 01 juin 2023 · until 01 juin 2028

Ended

Marjan Kennes

Managing director · since 01 juin 2023 · until 01 juin 2028

Ended

Bart Kennes

Managing director · since 07 juin 2018 · until 01 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Vereniging van Mede-eigenaars te Antwerpen, Jan Baptist Verlooystraat 9, hoek Eric Sasselaan● Active	0844.713.216

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	31/08/2026	29/08/2025	30/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	04/06/2026	28/08/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	28/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	02/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	03/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	04/06/2020	24/08/2020	Dutch	PDF
Abridged model	31/12/2018	06/06/2019	18/07/2019	Dutch	PDF
Abridged model	31/12/2017	07/06/2018	06/07/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	04/06/2015	02/07/2015	Dutch	PDF
Abridged model	31/12/2013	05/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	07/08/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	26/07/2007	Dutch	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 · 3 active · 21 ended

Active mandates

Bart Kennes

Director · since 01 juin 2023

Active

Christiana Avonts

Director · since 01 juin 2023

Active

Marjan Kennes

Director · since 01 juin 2023

Active

Ended mandates

Bart Kennes

Managing director · since 01 juin 2023 · until 01 juin 2028

Ended

Christiana Avonts

Director · since 01 juin 2023 · until 01 juin 2028

Ended

Marjan Kennes

Managing director · since 01 juin 2023 · until 01 juin 2028

Ended

Bart Kennes

Managing director · since 07 juin 2018 · until 01 juin 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office11/08/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/09/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/11/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2003
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 202567,7 k €↓
2024
Annual accounts 2024232,5 k €↑
2023
Annual accounts 2023215,9 k €↑
2022
Annual accounts 202291,5 k €↓
2021
Annual accounts 2021108,1 k €↓
2020
Annual accounts 2020143,4 k €↑
2019
Annual accounts 2019-484,8 k €↓
2018
Annual accounts 201812,4 k €↑
2017
Annual accounts 2017-235,7 k €↓
2016
Annual accounts 2016-23,2 k €↓
2015
Annual accounts 201558,8 k €↓
2014
Annual accounts 2014127,8 k €↓
2013
Annual accounts 2013252 k €↑
2012
Annual accounts 201214,5 k €↑
2011
Annual accounts 201112 k €↑
2010
Annual accounts 20104,5 k €↓
2009
Annual accounts 2009133,5 k €↓
2008
Annual accounts 2008256,6 k €↑
2007
Annual accounts 2007200,3 k €↑
2006
Annual accounts 2006182,4 k €
29/12/1983
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

PIM

Overview

What does PIM do?

Trend over 20 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