ACTIVE

PAVELL

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Financial year 2024 · closed on 31/12/2024

Net result

363,2 k €

-95.4% YoY

Gross margin

-224,8 k €

-352.6% YoY

Equity

88,8 M €

+0.4% YoY

Workforce

0,0 ETP

-100.0% YoY

What does PAVELL do?

PAVELL is a Private limited company incorporated in 1985. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.693.201

Incorporation

01/01/1985

Legal form

Private limited company

Registered office

Leieriggestraat 6
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

152 901,85 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Joint committees (2)

200
20000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-224,8 k €	-353%	-49,7 k €	+52.1%	-103,7 k €	+42.2%	-179,5 k €	-353%	-39,6 k €	-102%	2,6 M €	+31.9%	2 M €	-9.2%	2,2 M €	+17.1%	1,9 M €	+28.9%	1,4 M €	+20.7%	1,2 M €	+12.7%	1,1 M €	+40.0%	757,3 k €	+565%	113,9 k €	+1467%	-8,3 k €	-122%	38,2 k €	-0.0%	38,2 k €	-41.8%	65,7 k €
EBITDA	-428 k €	-119%	-195,8 k €	+20.4%	-245,9 k €	+19.3%	-304,6 k €	-59.9%	-190,5 k €	-108%	2,5 M €	+33.7%	1,9 M €	-12.9%	2,2 M €	+17.3%	1,9 M €	+28.8%	1,4 M €	+22.7%	1,2 M €	+10.8%	1,1 M €	+40.2%	754,2 k €	+601%	107,6 k €	+1391%	-8,3 k €	-125%	33,8 k €	+411%	6,6 k €	-78.0%	30 k €
Operating result	-1,2 M €	-76.7%	-660 k €	+8.7%	-722,8 k €	+29.3%	-1 M €	-17.7%	-869 k €	-137%	2,4 M €	+41.3%	1,7 M €	-21.1%	2,1 M €	+17.4%	1,8 M €	+29.4%	1,4 M €	+28.3%	1,1 M €	+6.2%	1 M €	+43.1%	713,6 k €	+679%	91,6 k €	+609%	-18 k €	-173%	24,7 k €	+503%	-6,1 k €	-194%	6,5 k €
Net result	363,2 k €	-95.4%	8 M €	+249%	2,3 M €	-95.1%	46,5 M €	+9772%	-481 k €	-130%	1,6 M €	+57.8%	1 M €	-31.6%	1,5 M €	+17.8%	1,3 M €	+16.4%	1,1 M €	+6.3%	1 M €	+35.4%	762,1 k €	+42.9%	533,4 k €	+639%	72,1 k €	+481%	-18,9 k €	-189%	21,4 k €	+301%	-10,6 k €	-1077%	1,1 k €
Balance sheet
Equity	88,8 M €	+0.4%	88,5 M €	+9.9%	80,5 M €	-0.3%	80,7 M €	+120%	36,7 M €	+471%	6,4 M €	+33.8%	4,8 M €	+15.1%	4,2 M €	+38.2%	3 M €	+18.7%	2,5 M €	-34.6%	3,9 M €	+36.1%	2,9 M €	+30.1%	2,2 M €	+22.1%	1,8 M €	+11980%	14,9 k €	-55.9%	33,8 k €	+171%	12,5 k €	-46.0%	23,1 k €
Total assets	90,7 M €	+0.1%	90,6 M €	+6.9%	84,7 M €	-1.9%	86,3 M €	+116%	40,1 M €	+487%	6,8 M €	+21.4%	5,6 M €	+7.5%	5,2 M €	+35.7%	3,9 M €	-16.3%	4,6 M €	-6.8%	4,9 M €	+47.5%	3,4 M €	+26.6%	2,6 M €	+29.7%	2 M €	+1658%	116 k €	-24.3%	153,3 k €	+10.9%	138,2 k €	-18.0%	168,6 k €
Cash	22,7 M €	+6.0%	21,5 M €	+3.8%	20,7 M €	+128%	9,1 M €	+17.5%	7,7 M €	+336%	1,8 M €	+270%	478,7 k €	-78.2%	2,2 M €	+52.4%	1,4 M €	-17.4%	1,7 M €	-10.1%	1,9 M €	+67.3%	1,2 M €	+81.8%	639,3 k €	+701%	79,9 k €		–		27 k €	+481%	4,6 k €	-57.2%	10,8 k €
Debts	1,8 M €	-11.3%	2 M €	-51.7%	4,2 M €	-24.9%	5,6 M €	+67.3%	3,4 M €	+812%	368,5 k €	-53.0%	784,7 k €	-14.5%	917,6 k €	+15.9%	791,7 k €	-60.7%	2 M €	+102%	999,8 k €	+104%	490,1 k €	+10.8%	442,6 k €	+88.7%	234,5 k €	+132%	101,1 k €	-15.4%	119,4 k €	-5.0%	125,7 k €	-13.4%	145,2 k €
Other
Workforce	0,0 ETP	-100%	1,0 ETP	0.0%	1,0 ETP		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		0,1 ETP	-85.7%	0,7 ETP	-30.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 9 ended

Active mandates

Jean-Marie Cannie

Director · since 27 mai 1988

Active

Ended mandates

Elke De Bie

Manager · since 03 janvier 2012

Ended

Jean-Philip CANNIE

Manager · since 22 octobre 2010

Ended

Jean-Philip Cannie

Manager · since 10 juin 1991 · until 03 janvier 2012

Ended

Jean-Philip CANNIE

Manager · since 10 juin 1991

Ended

At this address

Other companies at this address

Company	CBE no.
BRACODEV● Active	0518.932.677
Familie Cannie - De Bie● Active	0723.496.670
RCC● Active	1039.680.048

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/10/2025	07/10/2024	12/10/2023	24/10/2022	17/05/2022	19/11/2020
General meeting	29/09/2025	30/09/2024	03/06/2023	04/06/2022	05/06/2021	01/08/2020
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	31/12/2024	29/09/2025	10/10/2025	Dutch	PDF
Abridged model	31/12/2023	30/09/2024	07/10/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	12/10/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	24/10/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	05/06/2021	17/05/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	01/08/2020	19/11/2020	Dutch	PDF
Abridged model	31/12/2018	27/08/2019	23/09/2019	Dutch	PDF
Abridged model	31/12/2017	27/08/2018	30/10/2018	Dutch	PDF
Abridged model	31/12/2016	17/07/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/07/2016	19/08/2016	Dutch	PDF
Abridged model	31/12/2014	12/08/2015	14/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	12/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	27/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2024 · 1 active · 9 ended

Active mandates

Jean-Marie Cannie

Director · since 27 mai 1988

Active

Ended mandates

Elke De Bie

Manager · since 03 janvier 2012

Ended

Jean-Philip CANNIE

Manager · since 22 octobre 2010

Ended

Jean-Philip Cannie

Manager · since 10 juin 1991 · until 03 janvier 2012

Ended

Jean-Philip CANNIE

Manager · since 10 juin 1991

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/05/2014
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other07/07/2011
DOEL
PDF
Mandates08/11/2010
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 2024363,2 k €↓
2023
Annual accounts 20238 M €↑
2022
Annual accounts 20222,3 M €↓
2021
Annual accounts 202146,5 M €↑
2020
Annual accounts 2020-481 k €↓
2018
Annual accounts 20181,6 M €↑
2017
Annual accounts 20171 M €↓
2016
Annual accounts 20161,5 M €↑
2015
Annual accounts 20151,3 M €↑
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 20131 M €↑
2012
Annual accounts 2012762,1 k €↑
2011
Annual accounts 2011533,4 k €↑
2010
Annual accounts 201072,1 k €↑
2009
Annual accounts 2009-18,9 k €↓
2008
Annual accounts 200821,4 k €↑
2007
Annual accounts 2007-10,6 k €↓
2006
Annual accounts 20061,1 k €
01/01/1985
IncorporationPrivate 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

PAVELL

Overview

What does PAVELL do?

Trend over 18 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