ACTIVE

PAFRAM

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Financial year 2025 · closed on 31/12/2025

Net result

75 k €

-2.2% YoY

Gross margin

142,4 k €

-0.8% YoY

Equity

165,4 k €

+0.0% YoY

What does PAFRAM do?

PAFRAM is a Public limited company incorporated in 1986. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.788.786

Incorporation

03/11/1986

Legal form

Public limited company

Registered office

Zuidzandstraat 15
8000 Brugge · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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	142,4 k €	-0.8%	143,6 k €	+20.7%	118,9 k €	+6.5%	111,7 k €	+7.8%	103,5 k €	+3.1%	100,4 k €	+1.8%	98,7 k €	-0.3%	99 k €	-13.0%	113,8 k €	+1.0%	112,6 k €	-5.0%	118,5 k €	+1.1%	117,3 k €	+12.6%	104,1 k €	+5.8%	98,5 k €	+15.3%	85,4 k €	+20.5%	70,9 k €	+28.8%	55 k €	-13.1%	63,3 k €	-10.2%	70,5 k €	-0.4%	70,8 k €
EBITDA	122,6 k €	-2.9%	126,2 k €	+23.4%	102,3 k €	+6.1%	96,4 k €	+10.5%	87,2 k €	+3.3%	84,4 k €	+1.4%	83,3 k €	-1.0%	84,1 k €	-15.4%	99,4 k €	+1.0%	98,5 k €	-5.0%	103,7 k €	+0.1%	103,6 k €	+12.3%	92,3 k €	+7.1%	86,2 k €	+16.8%	73,8 k €	+27.0%	58,1 k €	+36.2%	42,6 k €	-15.7%	50,6 k €	-12.9%	58,1 k €	+2.4%	56,7 k €
Operating result	100,9 k €	-1.3%	102,2 k €	+30.5%	78,4 k €	-0.8%	79 k €	+3.0%	76,7 k €	+16.0%	66,1 k €	+22.0%	54,2 k €	-1.7%	55,2 k €	-22.4%	71,1 k €	+1.8%	69,8 k €	-8.3%	76,1 k €	-0.2%	76,3 k €	+17.4%	65 k €	+10.3%	58,9 k €	+28.0%	46 k €	+51.8%	30,3 k €	+138%	12,7 k €	-39.7%	21,1 k €	-25.3%	28,3 k €	+30.6%	21,6 k €
Net result	75 k €	-2.2%	76,7 k €	+30.9%	58,6 k €	-0.9%	59,1 k €	+2.9%	57,4 k €	-4.7%	60,3 k €	+22.9%	49 k €	+3.6%	47,3 k €	-16.0%	56,3 k €	+3.5%	54,4 k €	+3.2%	52,7 k €	-2.0%	53,8 k €	+17.1%	45,9 k €	+20.6%	38,1 k €	+49.0%	25,6 k €	+50.7%	17 k €	+61.0%	10,5 k €	-36.9%	16,7 k €	-11.1%	18,8 k €	-76.2%	78,9 k €
Balance sheet
Equity	165,4 k €	+0.0%	165,4 k €	-28.7%	232 k €	-22.2%	298,4 k €	+24.7%	239,3 k €	+31.6%	181,8 k €	-51.1%	371,5 k €	-40.3%	622,5 k €	+8.2%	575,2 k €	+10.9%	518,9 k €	+11.7%	464,5 k €	+12.8%	411,8 k €	+15.0%	358 k €	+14.7%	312,1 k €	+13.9%	274 k €	+10.3%	248,5 k €	-39.4%	410 k €	+2.6%	399,4 k €	+4.4%	382,7 k €	+5.2%	364 k €
Total assets	252,2 k €	-0.2%	252,8 k €	-30.7%	364,8 k €	+9.7%	332,5 k €	+29.1%	257,5 k €	+37.9%	186,8 k €	-72.4%	677,1 k €	+7.5%	629,7 k €	+8.0%	582,9 k €	+11.0%	525,3 k €	+11.8%	469,9 k €	+13.2%	415 k €	+13.2%	366,5 k €	+16.9%	313,6 k €	-37.6%	502,5 k €	+1.7%	494,1 k €	-17.3%	597,1 k €	-6.5%	638,7 k €	-0.2%	640,2 k €	-1.5%	649,8 k €
Cash	22,2 k €	-52.8%	47 k €	-67.0%	142,6 k €	+40.4%	101,5 k €	-29.3%	143,7 k €	+72.2%	83,5 k €	-31.2%	121,3 k €	-3.1%	125,1 k €	+112%	58,9 k €	+14.7%	51,4 k €	+301%	12,8 k €	-64.8%	36,3 k €	+245%	10,5 k €	-59.6%	26 k €	+391%	5,3 k €	-71.7%	18,7 k €	+246%	5,4 k €	-9.4%	6 k €	-83.8%	36,8 k €	+26.7%	29,1 k €
Debts	85,4 k €	-0.7%	86 k €	-34.6%	131,4 k €	+302%	32,7 k €	+92.7%	17 k €	+361%	3,7 k €	-98.8%	304,3 k €	+5191%	5,8 k €	-25.0%	7,7 k €	+51.7%	5,1 k €	+26.4%	4 k €	+24.0%	3,2 k €	-61.9%	8,5 k €	+480%	1,5 k €	-99.4%	228,3 k €	-6.8%	245 k €	+30.9%	187,1 k €	-5.9%	199 k €	-9.2%	219 k €	-11.4%	247,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Francine Denys

Managing director · since 20 juin 2023 · until 03 juin 2028

Active

Xavier De Vos

Director · since 20 juin 2023 · until 03 juin 2028

Active

Ended mandates

Francine Denys

Managing director

Ended

Francine Lescouhier

Managing director

Ended

Omer Koopmans

Director

Ended

Patrick Lescouhier

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
IMMO DENYFRA● Active	0437.346.967

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	06/07/2026	28/04/2025	08/07/2024	11/07/2023	24/03/2022	07/04/2021
General meeting	06/06/2026	28/03/2025	01/06/2024	24/06/2023	18/03/2022	23/03/2021
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
Micro model	31/12/2025	06/06/2026	06/07/2026	Dutch	PDF
Micro model	31/12/2024	28/03/2025	28/04/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	18/03/2022	24/03/2022	Dutch	PDF
Abridged model	31/12/2020	23/03/2021	07/04/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	08/06/2020	Dutch	PDF
Abridged model	31/12/2018	29/03/2019	29/03/2019	Dutch	PDF
Abridged model	31/12/2017	23/03/2018	27/03/2018	Dutch	PDF
Abridged model	31/12/2016	24/03/2017	25/03/2017	Dutch	PDF
Abridged model	31/12/2015	21/04/2016	22/04/2016	Dutch	PDF
Abridged model	31/12/2014	17/03/2015	23/03/2015	Dutch	PDF
Abridged model	31/12/2013	04/04/2014	07/04/2014	Dutch	PDF
Abridged model	31/12/2012	27/06/2013	12/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	25/03/2011	29/03/2011	Dutch	PDF
Abridged model	31/12/2009	29/03/2010	30/03/2010	Dutch	PDF
Abridged model	31/12/2008	02/03/2009	03/03/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	12/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 5 ended

Active mandates

Francine Denys

Managing director · since 20 juin 2023 · until 03 juin 2028

Active

Xavier De Vos

Director · since 20 juin 2023 · until 03 juin 2028

Active

Ended mandates

Francine Denys

Managing director

Ended

Francine Lescouhier

Managing director

Ended

Omer Koopmans

Director

Ended

Patrick Lescouhier

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates19/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2012
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/05/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares30/09/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office06/12/2004
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/06/2004
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 202575 k €↓
2024
Annual accounts 202476,7 k €↑
2023
Annual accounts 202358,6 k €↓
2022
Annual accounts 202259,1 k €↑
2021
Annual accounts 202157,4 k €↓
2020
Annual accounts 202060,3 k €↑
2019
Annual accounts 201949 k €↑
2018
Annual accounts 201847,3 k €↓
2017
Annual accounts 201756,3 k €↑
2016
Annual accounts 201654,4 k €↑
2015
Annual accounts 201552,7 k €↓
2014
Annual accounts 201453,8 k €↑
2013
Annual accounts 201345,9 k €↑
2012
Annual accounts 201238,1 k €↑
2011
Annual accounts 201125,6 k €↑
2010
Annual accounts 201017 k €↑
2009
Annual accounts 200910,5 k €↓
2008
Annual accounts 200816,7 k €↓
2007
Annual accounts 200718,8 k €↓
2006
Annual accounts 200678,9 k €
03/11/1986
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

PAFRAM

Overview

What does PAFRAM 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