ACTIVE

P&P (SA)

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Financial year 2025 · closed on 30/06/2025

Net result

-160,9 k €

-617.5% YoY

Gross margin

10,9 k €

-90.2% YoY

Equity

2 M €

-7.3% YoY

Workforce

1,0 ETP

0.0% YoY

What does P&P do?

P&P is a Public limited company incorporated in 1986. Its main activity is: Management consultancy activities. Its registered office is in Halle. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.426.918

Incorporation

28/08/1986

Legal form

Public limited company

Registered office

Basiliekstraat 54
1500 Halle · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

30/06/2025

Average workforce

1,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (2)

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	10,9 k €	-90.2%	111,8 k €	-93.5%	1,7 M €	+240%	504,2 k €	+218%	158,5 k €	-2.3%	162,2 k €	-85.6%	1,1 M €	+290%	288,1 k €	+5.5%	273 k €	+23.0%	221,9 k €	-1.2%	224,5 k €	-6.2%	239,3 k €	+2.9%	232,6 k €	-3.8%	241,8 k €	+8.4%	223,1 k €	-0.6%	224,5 k €	+13.6%	197,6 k €	+38.3%	142,9 k €	-6.9%	153,4 k €
EBITDA	-68 k €	-278%	38,3 k €	-97.7%	1,6 M €	+280%	431,5 k €	+313%	104,6 k €	+5.4%	99,2 k €	-90.5%	1 M €	+364%	225,7 k €	-51.1%	461,8 k €	+968%	-53,2 k €	-127%	198,2 k €	-8.4%	216,3 k €	+2.0%	212 k €	-4.3%	221,5 k €	+9.1%	203,1 k €	-0.9%	204,9 k €	+14.6%	178,8 k €	+42.9%	125,1 k €	-8.0%	135,9 k €
Operating result	-155,3 k €	-785%	22,7 k €	-98.4%	1,4 M €	+372%	302,6 k €	+613%	42,5 k €	+51.8%	28 k €	-97.1%	967,2 k €	+649%	129,1 k €	-64.0%	358,1 k €	+332%	-154,2 k €	-258%	97,5 k €	-14.3%	113,8 k €	+3.5%	109,9 k €	-8.6%	120,2 k €	+18.0%	101,9 k €	-2.2%	104,2 k €	+23.1%	84,6 k €	+113%	39,8 k €	-49.8%	79,2 k €
Net result	-160,9 k €	-617%	-22,4 k €	-102%	1 M €	+391%	204,3 k €	+409%	40,1 k €	+64.9%	24,3 k €	-96.6%	724,3 k €	+632%	99 k €	+323%	-44,4 k €	+75.4%	-180,6 k €	-385%	63,4 k €	-5.8%	67,4 k €	+15.1%	58,5 k €	+1.1%	57,9 k €	+54.5%	37,5 k €	+20.2%	31,2 k €	+3374%	-952 €	+95.9%	-23 k €	-184%	27,5 k €
Balance sheet
Equity	2 M €	-7.3%	2,2 M €	-2.1%	2,2 M €	+80.9%	1,2 M €	+19.7%	1 M €	+4.0%	996,3 k €	+2.5%	972 k €	+292%	247,7 k €	+66.5%	148,8 k €	-23.0%	193,2 k €	-54.4%	423,8 k €	+0.8%	420,3 k €	+1.8%	413 k €	+2.1%	404,4 k €	+4.6%	386,6 k €	+10.7%	349,1 k €	+9.8%	317,9 k €	-0.3%	318,9 k €	-6.7%	341,9 k €
Total assets	2,8 M €	-10.3%	3,1 M €	-20.7%	3,9 M €	+120%	1,8 M €	+15.1%	1,6 M €	+1.8%	1,5 M €	-2.1%	1,6 M €	+40.2%	1,1 M €	-8.1%	1,2 M €	-18.5%	1,5 M €	-8.3%	1,6 M €	-5.1%	1,7 M €	-4.4%	1,8 M €	-4.1%	1,9 M €	-3.3%	1,9 M €	-3.1%	2 M €	-0.2%	2 M €	+1.7%	2 M €	+20.9%	1,6 M €
Cash	45,6 k €	-13.1%	52,5 k €	-85.4%	360,3 k €	-8.2%	392,3 k €	+123%	175,7 k €	+34.1%	131 k €	-78.3%	603,3 k €	+10555%	5,7 k €	+801%	628,5 €	-94.3%	11 k €	-66.6%	33,1 k €	+8872%	369 €	+451%	67 €	-43.7%	119 €	-30.8%	172 €	-23.2%	224 €	-19.1%	277 €	+1631%	16 €	-61.9%	42 €
Debts	543,8 k €	-20.3%	682,6 k €	-50.7%	1,4 M €	+515%	225,2 k €	-11.9%	255,6 k €	-5.8%	271,3 k €	-16.9%	326,5 k €	-61.5%	847,5 k €	-18.7%	1 M €	+3.3%	1 M €	-14.3%	1,2 M €	-7.2%	1,3 M €	-5.1%	1,3 M €	-5.9%	1,4 M €	-6.0%	1,5 M €	-6.1%	1,6 M €	-1.9%	1,6 M €	+1.3%	1,6 M €	+29.1%	1,3 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 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 30/06/2025 · 2 active · 26 ended

Active mandates

Joseph Pay

Managing director · since 23 février 2023 · until 20 décembre 2028

Active

Katrien Pay

Director · since 23 février 2023 · until 20 décembre 2028

Active

Ended mandates

Jan Pay

bestuurder · since 02 juin 2020 · until 04 juillet 2022

Ended

Jan Pay

Director · since 02 juin 2020 · until 20 décembre 2025

Ended

Joseph Pay

Mandate · since 02 juin 2020 · until 20 décembre 2025

Ended

Katrien Pay

Director · since 02 juin 2020 · until 20 décembre 2025

Ended

At this address

Other companies at this address

Company	CBE no.
'T Sum● Active	0400.907.928

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	01/07/2024	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	27/01/2026	31/01/2025	30/01/2024	20/01/2023	28/01/2022	11/02/2021
General meeting	31/12/2025	31/12/2024	30/12/2023	20/12/2022	31/12/2021	31/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	31/12/2025	27/01/2026	Dutch	PDF
Abridged model	30/06/2024	31/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	30/12/2023	30/01/2024	Dutch	PDF
Abridged model	30/06/2022	20/12/2022	20/01/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	31/12/2020	11/02/2021	Dutch	PDF
Abridged model	30/06/2019	31/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	31/12/2018	31/01/2019	Dutch	PDF
Abridged model	30/06/2017	30/12/2017	30/01/2018	Dutch	PDF
Abridged model	30/06/2016	20/12/2016	11/01/2017	Dutch	PDF
Abridged model	30/06/2015	21/12/2015	05/01/2016	Dutch	PDF
Abridged model	30/06/2014	20/12/2014	22/12/2014	Dutch	PDF
Abridged model	30/06/2013	20/12/2013	23/12/2013	Dutch	PDF
Abridged model	30/06/2012	20/12/2012	26/12/2012	Dutch	PDF
Abridged model	30/06/2011	20/12/2011	20/01/2012	Dutch	PDF
Abridged model	30/06/2010	27/12/2010	21/01/2011	Dutch	PDF
Abridged model	30/06/2009	28/12/2009	28/01/2010	Dutch	PDF
Abridged model	30/06/2008	20/12/2008	09/01/2009	Dutch	PDF
Abridged model	30/06/2007	20/12/2007	11/01/2008	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 30/06/2025 · 2 active · 26 ended

Active mandates

Joseph Pay

Managing director · since 23 février 2023 · until 20 décembre 2028

Active

Katrien Pay

Director · since 23 février 2023 · until 20 décembre 2028

Active

Ended mandates

Jan Pay

bestuurder · since 02 juin 2020 · until 04 juillet 2022

Ended

Jan Pay

Director · since 02 juin 2020 · until 20 décembre 2025

Ended

Joseph Pay

Mandate · since 02 juin 2020 · until 20 décembre 2025

Ended

Katrien Pay

Director · since 02 juin 2020 · until 20 décembre 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2014
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares31/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2005
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 2025-160,9 k €↓
2024
Annual accounts 2024-22,4 k €↓
2024
Name changeP EN P
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022204,3 k €↑
2022
Name changeP & P
2021
Annual accounts 202140,1 k €↑
2020
Annual accounts 202024,3 k €↓
2019
Annual accounts 2019724,3 k €↑
2018
Annual accounts 201899 k €↑
2017
Annual accounts 2017-44,4 k €↑
2016
Annual accounts 2016-180,6 k €↓
2015
Annual accounts 201563,4 k €↓
2014
Annual accounts 201467,4 k €↑
2013
Annual accounts 201358,5 k €↑
2012
Annual accounts 201257,9 k €↑
2011
Annual accounts 201137,5 k €↑
2010
Annual accounts 201031,2 k €↑
2009
Annual accounts 2009-952 €↑
2008
Annual accounts 2008-23 k €↓
2007
Annual accounts 200727,5 k €
28/08/1986
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&P (SA)

Overview

What does P&P 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