ACTIVE

FINIPAN

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Financial year 2025 · Closed on 31/12/2025

Net result160,7 k €+141,5 %over 1 year
Gross margin980,8 k €+33,0 %over 1 year
Equity81,5 k €-5,0 %over 1 year
Workforce6,5 ETP+32,7 %over 1 year

Identity

Source · BCE/KBO

FINIPAN is a Public limited company incorporated in 1988. Its main activity is: Manufacture of veneer sheets and wood-based panels. Its registered office is in Wevelgem. It employs on average 6,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0435.178.226
Incorporation
02/09/1988
Legal form
Public limited company
Registered office
Oostlaan 4
8560 Wevelgem · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
6,5 ETP
Joint committees (5)
  • 126
  • 12600
  • 12601
  • 200
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 22 filings

Trend over 16 financial years

20252024202320222021
Income statement
Gross margin980,8 k €737,2 k €1,1 M €1,2 M €1,3 M €
EBITDA237,2 k €103,6 k €428,5 k €673,3 k €664,6 k €
Operating result235,3 k €101,8 k €426,1 k €670,2 k €661,3 k €
Net result160,7 k €66,5 k €308,7 k €491,7 k €487,3 k €
Balance sheet
Equity81,5 k €85,8 k €214,3 k €160,5 k €118,8 k €
Total assets419 k €460,3 k €704,8 k €802,8 k €793,2 k €
Cash279,8 k €181,9 k €457,4 k €431,2 k €630,9 k €
Debts337,5 k €372,6 k €483 k €639,2 k €672,1 k €
Other
Workforce6,5 ETP4,9 ETP6,2 ETP4,9 ETP5,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 5 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
DEVAX0737.582.060Represented by Axel Devos
Director01/07/2025 → 17/03/2029
SEASTAR CAPITAL0685.867.204Represented by Michael Van Cauwenberge
Director01/07/2025 → 17/03/2029
Michael Van Cauwenberge
Director19/02/2024 → 01/07/2025
INTERNATIONAL WOOD HOLDING0847.051.213Represented by Joost Van Cauwenberge
Managing directorsince 31/05/2019
BELINVEST0466.338.584Represented by Bart Allossery
Director13/01/2017 → 01/07/2025Managing director13/01/2017 → 2019 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
2ADVISE0863.289.409Represented by Wim Seynaeve
Managing director13/01/2017 → 2019 accountsDirector21/11/2014 → 2014 accounts
Geert Van Cauwenberge
Director21/11/2014 → 2014 accounts

Other companies at this address

Oostlaan 4 8560 Wevelgem
CompanyCBE no.
CHRISTOO● Active
1027.712.723
CV VENTURES● Active
1012.981.886
DESIGN VENTURES● Active
0698.854.415
Forma Belgium● Active
0712.687.209
HEBIC● Active
0437.193.549
INTERNATIONAL WOOD HOLDING● Active
0847.051.213
INTERNATIONAL WOOD PRODUCTS● Active
0863.817.959
JOLI● Active
0768.919.790
Lamitrans● Active
0462.129.081
LIGNUM INVESTCO● Active
1043.258.754
Placabois● Active
0405.435.353
SEASTAR CAPITAL● Active
0685.867.204
SECAFIN● Active
1027.712.525
STRATINVEST● Active
0469.007.470
TRILAM● Active
0727.836.728
VANCA-BELGIUM● Active
0442.917.143

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202623/06/202526/06/202427/04/202330/05/202229/06/2021
General meeting30/06/202623/05/202527/05/202431/03/202331/03/202223/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202617/07/2026DutchPDF
Abridged model31/12/202423/05/202523/06/2025DutchPDF
Abridged model31/12/202327/05/202426/06/2024DutchPDF
Abridged model31/12/202231/03/202327/04/2023DutchPDF
Abridged model31/12/202131/03/202230/05/2022DutchPDF
Abridged model31/12/202023/04/202129/06/2021DutchPDF
Abridged model31/12/201923/04/202025/06/2020DutchPDF
Abridged model31/12/201810/04/201925/06/2019DutchPDF
Abridged model31/12/201704/05/201823/06/2018DutchPDF
Abridged model31/12/201619/04/201712/07/2017DutchPDF
Full model31/12/201523/05/201630/08/2016DutchPDF
Full model31/12/201416/04/201520/08/2015DutchPDF
Full model31/12/201315/03/201425/06/2014DutchPDF
Full model31/12/201216/03/201320/06/2013DutchPDF
Full model31/12/201117/03/201222/06/2012DutchPDF
Full model31/12/201019/03/201121/06/2011DutchPDF
Full model31/12/200927/04/201025/05/2010DutchPDF
Full model31/12/200820/04/200925/05/2009DutchPDF
Full model31/12/200710/04/200821/08/2008DutchPDF
Full model31/12/200617/03/200722/06/2007DutchPDF
Full model31/03/200630/08/200612/03/2007DutchPDF
Full model31/03/200516/08/200512/03/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 5 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
DEVAX0737.582.060Represented by Axel Devos
Director01/07/2025 → 17/03/2029
SEASTAR CAPITAL0685.867.204Represented by Michael Van Cauwenberge
Director01/07/2025 → 17/03/2029
Michael Van Cauwenberge
Director19/02/2024 → 01/07/2025
INTERNATIONAL WOOD HOLDING0847.051.213Represented by Joost Van Cauwenberge
Managing directorsince 31/05/2019
BELINVEST0466.338.584Represented by Bart Allossery
Director13/01/2017 → 01/07/2025Managing director13/01/2017 → 2019 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
2ADVISE0863.289.409Represented by Wim Seynaeve
Managing director13/01/2017 → 2019 accountsDirector21/11/2014 → 2014 accounts
Geert Van Cauwenberge
Director21/11/2014 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/10/2026
    ONTSLAG/BENOEMING BESTUURDER
    PDF
  • Mandates10/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/06/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates18/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/04/2017
    ONTSLAGEN - BENOEMINGEN
    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
Filings16 filings
Mandates
SEASTAR CAPITAL
DEVAX
BELINVEST
INTERNATIONAL WOOD HOLDING
Michael Van Cauwenberge
2ADVISE
Geert Van Cauwenberge
Katia Van Ranst
Christine De Landtsheer
Geert Van Cauwenberghe
198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029
FINIPAN
Oostlaan 4, 8560 WevelgemHospitaalstraat 2 bte 3, 9620 Zottegem
Director
Director
DirectorManaging director
Managing director
Director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Oostlaan 4, 8560 WevelgemCurrent
accounts 2024 → 2025
Accounts 2025 · 2026-00315027
Hospitaalstraat 2 bte 3, 9620 Zottegem
accounts 2021 → 2023
Accounts 2023 · 2024-00171912

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
FINIPANCurrent
accounts 2008 → 2025
Accounts 2025 · 2026-00315027

Events

  1. 2025
    Annual accounts 2025160,7 k €↑
  2. 2024
    Annual accounts 202466,5 k €↓
  3. 2023
    Annual accounts 2023308,7 k €↓
  4. 2022
    Annual accounts 2022491,7 k €↑
  5. 2021
    Annual accounts 2021487,3 k €↑
  6. 2018
    Annual accounts 2018276,9 k €↓
  7. 2017
    Annual accounts 2017357,3 k €↑
  8. 2016
    Annual accounts 2016229,7 k €↓
  9. 2015
    Annual accounts 2015419,8 k €↓
  10. 2014
    Annual accounts 20141,2 M €↓
  11. 2013
    Annual accounts 20131,3 M €↓
  12. 2012
    Annual accounts 20121,7 M €↓
  13. 2011
    Annual accounts 20111,7 M €↑
  14. 2010
    Annual accounts 20101,6 M €↓
  15. 2009
    Annual accounts 20091,8 M €↓
  16. 2008
    Annual accounts 20081,9 M €
  17. 02/09/1988
    IncorporationPublic limited company