ACTIVE

P&V Immo

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Financial year 2025 · closed on 31/12/2025

Net result

267,1 k €

-8.3% YoY

Gross margin

396,7 k €

-6.4% YoY

Equity

5,8 M €

+980.6% YoY

What does P&V Immo do?

P&V Immo is a Public limited company incorporated in 1986. Its main activity is: Manufacture of furniture. Its registered office is in Alken.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.065.543

Incorporation

20/06/1986

Legal form

Public limited company

Registered office

Stationsstraat 22
3570 Alken · FlandreSee on map

Contributed capital

135 823,86 €

Latest accounts

31/12/2025

Activities (NACE)

31622Manufacture of furniture· main 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 27900Manufacture of other electrical equipment 27900Manufacture of other electrical equipment

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	396,7 k €	-6.4%	423,6 k €	-33.2%	634,5 k €	+68.1%	377,5 k €	-10.9%	423,8 k €	+26.3%	335,6 k €	+63.1%	205,7 k €	+107%	99,6 k €	-18.4%	122,1 k €		–		–		–		–		–		–		–		–		–		–
EBITDA	396,6 k €	-6.4%	423,5 k €	-33.2%	634,2 k €	+68.4%	376,6 k €	-11.0%	422,9 k €	+26.4%	334,6 k €	+63.4%	204,8 k €	+108%	98,7 k €	-18.5%	121 k €	+8.2%	111,9 k €	-82.8%	652,2 k €	-34.1%	990 k €	-36.2%	1,6 M €	+43.7%	1,1 M €	-19.9%	1,3 M €	+80.7%	746 k €	+28.3%	581,5 k €	-48.1%	1,1 M €	+64.3%	682,2 k €
Operating result	343,5 k €	-7.3%	370,6 k €	-33.9%	560,5 k €	+87.3%	299,3 k €	-13.4%	345,4 k €	+34.9%	256,1 k €	+107%	123,5 k €	+646%	16,6 k €	-55.8%	37,4 k €	+57.7%	23,7 k €	-58.5%	57,1 k €	-87.9%	471,6 k €	-53.1%	1 M €	+72.6%	582,3 k €	-31.7%	852,4 k €	+440%	157,7 k €	+30.9%	120,5 k €	-83.3%	720,3 k €	+50.9%	477,4 k €
Net result	267,1 k €	-8.3%	291,3 k €	-30.7%	420,3 k €	+83.4%	229,2 k €	-9.8%	254,1 k €	+37.4%	184,9 k €	+96.7%	94 k €	+945%	9 k €	+150%	-17,8 k €	-510%	4,3 k €	+156%	-7,7 k €	-103%	262,8 k €	-45.0%	478,2 k €	+20.6%	396,6 k €	-40.3%	663,8 k €	+630%	91 k €	+147%	36,8 k €	-91.5%	432,6 k €	+51.2%	286,1 k €
Balance sheet
Equity	5,8 M €	+981%	534,5 k €	+120%	243,2 k €	+9.1%	222,9 k €	+1.9%	218,7 k €	+1.9%	214,7 k €	+2.2%	210,1 k €	+26.4%	166,2 k €	+5.2%	157,9 k €	-72.6%	576,5 k €	-78.8%	2,7 M €	-0.4%	2,7 M €	+8.2%	2,5 M €	+11.2%	2,3 M €	-30.3%	3,3 M €	+6.9%	3 M €	+1.0%	3 M €	+0.8%	3 M €	+17.2%	2,6 M €
Total assets	6 M €	+486%	1 M €	-4.0%	1,1 M €	+20.5%	884,2 k €	-10.9%	992,7 k €	-8.5%	1,1 M €	+20.1%	903,2 k €	+1.5%	889,6 k €	-5.1%	937,9 k €	-0.3%	940,6 k €	-92.6%	12,7 M €	+15.6%	11 M €	+2.1%	10,7 M €	-18.7%	13,2 M €	+13.5%	11,6 M €	-10.7%	13 M €	+3.8%	12,5 M €	+2.4%	12,3 M €	+28.0%	9,6 M €
Cash	225,5 k €	+27.3%	177,2 k €	+6.6%	166,2 k €	-11.5%	187,7 k €	+172%	69,1 k €	-85.7%	484,5 k €	+116%	224,3 k €	+73.2%	129,5 k €	+34.8%	96,1 k €	+534%	15,2 k €	-99.0%	1,5 M €	+224%	468,6 k €	+104%	229,2 k €	-58.2%	547,6 k €	+61.1%	340 k €	+167%	127,3 k €	-65.8%	372,4 k €	+2.8%	362,1 k €	+21.8%	297,4 k €
Debts	213,4 k €	-56.3%	487,8 k €	-40.7%	821,9 k €	+24.3%	661,3 k €	-14.5%	773,4 k €	-1.4%	784 k €	+13.2%	692,4 k €	-4.3%	723,4 k €	-7.3%	780 k €	+114%	364,1 k €	-96.3%	9,8 M €	+20.6%	8,1 M €	+0.2%	8,1 M €	-26.1%	10,9 M €	+31.3%	8,3 M €	-16.5%	10 M €	+4.8%	9,5 M €	+3.0%	9,3 M €	+33.5%	6,9 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		120,8 ETP	+8.5%	111,3 ETP	+2.3%	108,8 ETP	-13.8%	126,2 ETP	-5.5%	133,6 ETP	-7.1%	143,8 ETP	-7.0%	154,7 ETP	+7.7%	143,6 ETP	+14.0%	126,0 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 · 1 active · 39 ended

Active mandates

VRAMACO INVEST

Managing director · since 01 juillet 2025 · until 13 juin 2031 · 0563.561.288

Represented by Joris VRANCKEN

Active

Ended mandates

VRAMACO

Managing director · since 31 mars 2023 · until 08 juin 2029 · 0476.043.732

Represented by Joris Vrancken

Ended

VRAMACO

Director · since 31 mars 2023 · 0476.043.732

Represented by Joris VRANCKEN

Ended

VRAMACO

Managing director · since 06 juin 2020 · until 05 juin 2026 · 0476.043.732

Represented by Joris Vrancken

Ended

LAMPADUS

Director · since 30 septembre 2019 · until 06 juin 2025 · 0562.804.787

Represented by Luc Rymen

Ended

At this address

Other companies at this address

Company	CBE no.
BEKAERT IMMO● Active	0411.092.334
VRAMACO● Active	0476.043.732
VRAMACO INVEST● Active	0563.561.288

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	29/06/2026	16/07/2025	29/06/2024	23/06/2023	22/06/2022	25/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	03/06/2022	04/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	29/06/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	24/06/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	24/06/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	16/07/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	02/07/2013	Dutch	PDF
Consolidated accounts	31/12/2012	28/06/2013	26/07/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	13/06/2012	Dutch	PDF
Full model	31/12/2010	03/06/2011	02/08/2011	Dutch	PDF
Full model	31/12/2009	04/06/2010	30/07/2010	Dutch	PDF
Full modelCorrection	31/12/2008	05/06/2009	07/10/2009	Dutch	PDF
Full model	31/12/2008	05/06/2009	26/06/2009	Dutch	PDF
Full model	31/12/2007	06/06/2008	05/08/2008	Dutch	PDF
Full model	31/12/2006	01/06/2007	16/07/2007	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 · 1 active · 39 ended

Active mandates

VRAMACO INVEST

Managing director · since 01 juillet 2025 · until 13 juin 2031 · 0563.561.288

Represented by Joris VRANCKEN

Active

Ended mandates

VRAMACO

Managing director · since 31 mars 2023 · until 08 juin 2029 · 0476.043.732

Represented by Joris Vrancken

Ended

VRAMACO

Director · since 31 mars 2023 · 0476.043.732

Represented by Joris VRANCKEN

Ended

VRAMACO

Managing director · since 06 juin 2020 · until 05 juin 2026 · 0476.043.732

Represented by Joris Vrancken

Ended

LAMPADUS

Director · since 30 septembre 2019 · until 06 juin 2025 · 0562.804.787

Represented by Luc Rymen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring04/06/2015
BENAMING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other28/05/2015
DOEL - 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

2025
Annual accounts 2025267,1 k €↓
2024
Annual accounts 2024291,3 k €↓
2023
Annual accounts 2023420,3 k €↑
2022
Annual accounts 2022229,2 k €↓
2021
Annual accounts 2021254,1 k €↑
2020
Annual accounts 2020184,9 k €↑
2019
Annual accounts 201994 k €↑
2018
Annual accounts 20189 k €↑
2017
Annual accounts 2017-17,8 k €↓
2016
Annual accounts 20164,3 k €↑
2014
Annual accounts 2014-7,7 k €↓
2014
Name changeP&V IMMO
2013
Annual accounts 2013262,8 k €↓
2012
Annual accounts 2012478,2 k €↑
2011
Annual accounts 2011396,6 k €↓
2010
Annual accounts 2010663,8 k €↑
2010
Name changeP&V Electrotechniek Projects
2009
Annual accounts 200991 k €↑
2008
Annual accounts 200836,8 k €↓
2007
Annual accounts 2007432,6 k €↑
2006
Annual accounts 2006286,1 k €
2006
Name changePENDERS & VANHERLE
20/06/1986
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

P&V Immo

Overview

What does P&V Immo do?

Trend over 19 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