ACTIVE

Pan-See

Export PDF

Financial year 2025 · Closed on 30/06/2025

Net result485,9 k €+4 908,5 %over 1 year

Gross margin792,6 k €+4 611,4 %over 1 year

Equity625,2 k €+349,0 %over 1 year

Identity

Source · BCE/KBO

Pan-See is a Public limited company incorporated in 1985. Its registered office is in Ath.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0428.011.312
Incorporation: 07/02/1985
Legal form: Public limited company
Registered office: Esplanade 17
7800 Ath · WallonieSee on map
Contributed capital: 210 709,49 €
Latest accounts: 30/06/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	792,6 k €	+4611%	16,8 k €	+2.3%	16,4 k €	-17.0%	19,8 k €	+3.3%	19,2 k €
EBITDA	696,3 k €	+37855%	-1,8 k €	-151%	3,6 k €	-52.5%	7,7 k €	+9.0%	7 k €
Operating result	696,3 k €	+7459%	-9,5 k €	-112%	-4,5 k €	-919%	-438,8 €	+59.0%	-1,1 k €
Net result	485,9 k €	+4908%	-10,1 k €	-100%	-5 k €	-282%	-1,3 k €	+15.8%	-1,6 k €
Balance sheet
Equity	625,2 k €	+349%	139,2 k €	-6.8%	149,4 k €	-3.3%	154,4 k €	-0.8%	155,7 k €
Total assets	893,4 k €	+161%	342,4 k €	-2.3%	350,6 k €	-2.4%	359,2 k €	+1.5%	353,9 k €
Cash	668,7 k €	+4393%	14,9 k €	-4.0%	15,5 k €	-2.9%	16 k €	+543%	2,5 k €
Debts	268,2 k €	+32.0%	203,2 k €	+0.9%	201,3 k €	-1.7%	204,8 k €	+3.4%	198,1 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

1 active · 6 ended

Active mandates

Director	Mandates in this company	Period
LUTGART DE GEEST	Director27/05/2022 → 23/05/2030

Ended mandates

Director	Mandates in this company	Period
GEORGES HIRSCH	Director12/11/1998 → 12/11/2004
JULIEN FRIEDLER	Mandate12/11/1998 → 12/11/2004Chairman of the board of directors12/11/1998 → 12/11/2004Managing director12/11/1998 → 12/11/2004

Other companies at this address

Esplanade 17 7800 Ath

Company	CBE no.
Club européen des Diététiciens de l'Enfance● Active	0457.522.967
EX AEQUO● Active	0427.669.139
FISCALITE JACQUERIE & ASSOCIES● Active	0446.509.212
Immobiliére du Champ de l'Attre● Active	0446.947.492
IMMOBILIERE FONCIERE SAINT-ROCH● Active	0445.379.458
LAXMI● Active	0423.843.775
PARAS IMMOB● Active	0831.561.105
ROCHIMCO● Active	0455.999.770
Strobbe. F● Active	0424.616.807
SYSTEME G● Active	0420.388.397

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/01/2026	23/01/2025	22/12/2023	30/01/2023	31/01/2022	15/01/2021
General meeting	05/12/2025	06/12/2024	08/11/2023	10/11/2022	10/11/2021	12/11/2020
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	05/12/2025	28/01/2026	French	PDF
Micro model	30/06/2024	06/12/2024	23/01/2025	French	PDF
Micro model	30/06/2023	08/11/2023	22/12/2023	French	PDF
Micro model	30/06/2022	10/11/2022	30/01/2023	French	PDF
Abridged model	30/06/2021	10/11/2021	31/01/2022	French	PDF
Abridged model	30/06/2020	12/11/2020	15/01/2021	French	PDF
Abridged model	30/06/2019	13/11/2019	29/11/2019	French	PDF
Abridged model	30/06/2018	14/11/2018	04/12/2018	French	PDF
Abridged model	30/06/2017	08/11/2017	30/11/2017	French	PDF
Abridged model	30/06/2016	09/11/2016	23/12/2016	French	PDF
Abridged model	30/06/2015	12/11/2015	21/12/2015	French	PDF
Abridged model	30/06/2014	12/11/2014	19/12/2014	French	PDF
Abridged model	30/06/2013	13/11/2013	20/12/2013	French	PDF
Abridged model	30/06/2012	14/11/2012	29/11/2012	French	PDF
Abridged model	30/06/2011	09/11/2011	29/02/2012	French	PDF
Abridged model	30/06/2010	10/11/2010	30/11/2010	French	PDF
Abridged model	30/06/2009	10/11/2009	26/11/2009	French	PDF
Abridged model	30/06/2008	12/11/2008	26/01/2009	French	PDF
Abridged model	30/06/2007	14/11/2007	30/01/2008	French	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

1 active · 6 ended

Active mandates

Director	Mandates in this company	Period
LUTGART DE GEEST	Director27/05/2022 → 23/05/2030

Ended mandates

Director	Mandates in this company	Period
GEORGES HIRSCH	Director12/11/1998 → 12/11/2004
JULIEN FRIEDLER	Mandate12/11/1998 → 12/11/2004Chairman of the board of directors12/11/1998 → 12/11/2004Managing director12/11/1998 → 12/11/2004

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

LUTGART DE GEEST

JULIEN FRIEDLER

MARIE JOSEE FILEE

MARIE JOSEE FILLEE

GEORGES HIRSCH

M FRIEDLER

TATIANA LUTTY

1985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

Pan-See

Esplanade 17, 7800 Ath

Director

Chairman of the board of directorsManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Esplanade 17, 7800 AthCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00019132

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Pan-SeeCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00019132

Events

2025
Annual accounts 2025485,9 k €↑
2024
Annual accounts 2024-10,1 k €↓
2023
Annual accounts 2023-5 k €↓
2022
Annual accounts 2022-1,3 k €↑
2021
Annual accounts 2021-1,6 k €↓
2020
Annual accounts 20201,7 k €↓
2019
Annual accounts 20198,9 k €↑
2018
Annual accounts 20188 k €↓
2017
Annual accounts 201727,6 k €↑
2016
Annual accounts 201610,6 k €↓
2015
Annual accounts 201517,7 k €↑
2014
Annual accounts 201412,9 k €↑
2013
Annual accounts 20139,2 k €↓
2012
Annual accounts 201211,8 k €↓
2011
Annual accounts 201134,8 k €↑
2010
Annual accounts 2010-3,7 k €↓
2009
Annual accounts 2009-2,7 k €↓
2008
Annual accounts 2008-342,5 €↑
2007
Annual accounts 2007-751,8 €
07/02/1985
IncorporationPublic limited company

Pan-See

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events