ACTIVE

PRO - PAY

Financial year 2025 · closed on 31/12/2025
Net result
1,7 M €
-4.8% YoY
Gross margin
6,9 M €
+8.5% YoY
Equity
1,2 M €
+3.3% YoY
Workforce
57,5 ETP
+12.7% YoY

What does PRO - PAY do?

PRO - PAY is a Public limited company incorporated in 1990. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Machelen (Brab.). It employs on average 57,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0441.366.430
Incorporation
24/07/1990
Legal form
Public limited company
Registered office
Culliganlaan 1A
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
57,5 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin6,9 M €6,4 M €6,1 M €3,1 M €5,3 M €4,8 M €4,7 M €4,4 M €3,8 M €3,5 M €3,2 M €2,9 M €2,5 M €2,2 M €1,9 M €1,8 M €1,8 M €1,5 M €1,7 M €1,3 M €
EBITDA2,6 M €2,6 M €2,6 M €1,3 M €2,5 M €2 M €2 M €1,8 M €1,5 M €1,4 M €1,4 M €1,1 M €881,1 k €753,8 k €721,8 k €698,5 k €802,1 k €501,2 k €492,5 k €396,7 k €
Operating result2,4 M €2,6 M €2,5 M €1,3 M €2,4 M €1,9 M €1,8 M €1,6 M €1,4 M €1,4 M €1,3 M €1 M €822,8 k €723,2 k €702,6 k €679,2 k €779,5 k €467,7 k €457,8 k €350,3 k €
Net result1,7 M €1,8 M €1,9 M €925,3 k €1,8 M €1,4 M €1,2 M €1,1 M €894,2 k €885,1 k €812,8 k €635,4 k €513,6 k €451,2 k €442,5 k €407,7 k €502,2 k €274 k €248,9 k €196,9 k €
Balance sheet
Equity1,2 M €1,2 M €1,6 M €3,6 M €2,7 M €2,8 M €1,5 M €226,5 k €224,1 k €219,9 k €214,8 k €201,9 k €201,5 k €200,9 k €194,7 k €192,2 k €184,5 k €82,3 k €78,2 k €69,4 k €
Total assets4,8 M €5,4 M €6,1 M €6,9 M €6,3 M €4,5 M €4,1 M €3 M €3,1 M €3 M €2,5 M €2,6 M €2,3 M €1,8 M €1,5 M €1,3 M €1,4 M €1,2 M €1,2 M €1,2 M €
Cash2 M €2,6 M €3,6 M €4,8 M €4,4 M €2,7 M €2 M €908,8 k €1,3 M €1,6 M €1,3 M €1,1 M €999,2 k €770,7 k €667,2 k €690,9 k €807,8 k €476,4 k €504,3 k €418 k €
Debts3,5 M €4,1 M €4,4 M €3,1 M €3,4 M €1,4 M €2,3 M €2,5 M €2,6 M €2,5 M €2 M €2,1 M €1,9 M €1,5 M €1,2 M €952,3 k €1,2 M €1,1 M €1,1 M €959,6 k €
Other
Workforce57,5 ETP51,0 ETP49,6 ETP43,6 ETP40,0 ETP38,5 ETP41,0 ETP38,6 ETP32,9 ETP30,1 ETP28,4 ETP27,1 ETP23,7 ETP22,6 ETP19,2 ETP19,8 ETP19,5 ETP19,5 ETP17,5 ETP16,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 69 ended

Active mandates

DMO Consult

Director · since 09 février 2026 · until 02 juin 2028 · 0772.906.391

Represented by David Moerman

Active
ELLEZÉ

Chairman of the board of directors · since 01 octobre 2025 · until 02 juin 2028 · 0877.610.369

Represented by Jakob Verdonck

Active
Taboe Consulting

Director · since 01 octobre 2025 · until 08 février 2026 · 0700.692.861

Represented by Dominica Tassent

Active
Keroto

Director · since 07 juin 2025 · until 30 septembre 2025 · 1022.171.647

Represented by Tom Saeys

Active
Kuvano

Director · since 07 juin 2025 · until 02 juin 2028 · 1019.977.071

Represented by Kurt Van Oevelen

Active
Lejak

Director · since 07 juin 2025 · until 02 juin 2028 · 1020.952.021

Represented by Sebastiaan Peeters

Active
D. Alen

Managing director · since 07 juin 2024 · until 02 juin 2028 · 0838.091.084

Represented by David Alen

Active
Eric Janssens

Director · since 07 juin 2024 · until 08 février 2026

Active
GVANHOYE

Director · since 07 juin 2024 · until 08 février 2026 · 0838.093.856

Represented by Geert Van Hoye

Active
Nadine Aerts

Director · since 07 juin 2024 · until 07 juin 2025

Active
T. Vanheusden

Director · since 07 juin 2024 · until 31 mai 2025 · 0760.510.880

Represented by Tom VANHEUSDEN

Active
Van den Eynde Management

Managing director · since 07 juin 2024 · until 02 juin 2028 · 0463.681.576

Represented by Erik Van den Eynde

Active

Ended mandates

Kurt Van Oevelen

Director · since 08 juin 2024 · until 07 juin 2025

Ended
Tom Saeys

Director · since 08 juin 2024 · until 07 juin 2025

Ended
Eric Janssens

Director · since 07 juin 2024 · until 02 juin 2028

Ended
GVANHOYE

Chairman of the board of directors · since 07 juin 2024 · until 02 juin 2028 · 0838.093.856

Represented by Geert VAN HOYE

Ended
At this address

Other companies at this address

CompanyCBE no.
IP CampusActive
0890.352.607
0808.731.956
Annual accounts

Full financial information

202520242023202220222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/06/202201/06/202101/06/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/05/202231/05/2021
Length of the financial year12 months12 months12 months7 months12 months12 months
Filing date08/06/202610/06/202513/06/202408/06/202306/12/202230/11/2021
General meeting05/06/202606/06/202507/06/202402/06/202308/11/202209/11/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202608/06/2026DutchPDF
Abridged model31/12/202406/06/202510/06/2025DutchPDF
Abridged model31/12/202307/06/202413/06/2024DutchPDF
Abridged model31/12/202202/06/202308/06/2023DutchPDF
Abridged model31/05/202208/11/202206/12/2022DutchPDF
Abridged model31/05/202109/11/202130/11/2021DutchPDF
Abridged model31/05/202024/11/202023/12/2020DutchPDF
Abridged model31/05/201912/11/201926/11/2019DutchPDF
Abridged model31/05/201813/11/201815/11/2018DutchPDF
Abridged model31/05/201714/11/201724/11/2017DutchPDF
Abridged model31/05/201608/11/201610/11/2016DutchPDF
Abridged model31/05/201510/11/201517/11/2015DutchPDF
Abridged model31/05/201412/11/201417/11/2014DutchPDF
Abridged model31/05/201312/11/201314/11/2013DutchPDF
Abridged model31/05/201213/11/201204/12/2012DutchPDF
Abridged model31/05/201108/11/201109/12/2011DutchPDF
Abridged model31/05/201009/11/201024/12/2010DutchPDF
Abridged model31/05/200910/11/200917/12/2009DutchPDF
Abridged model31/05/200812/11/200808/12/2008DutchPDF
Abridged model31/05/200713/11/200707/12/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 12 active · 69 ended

Active mandates

DMO Consult

Director · since 09 février 2026 · until 02 juin 2028 · 0772.906.391

Represented by David Moerman

Active
ELLEZÉ

Chairman of the board of directors · since 01 octobre 2025 · until 02 juin 2028 · 0877.610.369

Represented by Jakob Verdonck

Active
Taboe Consulting

Director · since 01 octobre 2025 · until 08 février 2026 · 0700.692.861

Represented by Dominica Tassent

Active
Keroto

Director · since 07 juin 2025 · until 30 septembre 2025 · 1022.171.647

Represented by Tom Saeys

Active
Kuvano

Director · since 07 juin 2025 · until 02 juin 2028 · 1019.977.071

Represented by Kurt Van Oevelen

Active
Lejak

Director · since 07 juin 2025 · until 02 juin 2028 · 1020.952.021

Represented by Sebastiaan Peeters

Active
D. Alen

Managing director · since 07 juin 2024 · until 02 juin 2028 · 0838.091.084

Represented by David Alen

Active
Eric Janssens

Director · since 07 juin 2024 · until 08 février 2026

Active
GVANHOYE

Director · since 07 juin 2024 · until 08 février 2026 · 0838.093.856

Represented by Geert Van Hoye

Active
Nadine Aerts

Director · since 07 juin 2024 · until 07 juin 2025

Active
T. Vanheusden

Director · since 07 juin 2024 · until 31 mai 2025 · 0760.510.880

Represented by Tom VANHEUSDEN

Active
Van den Eynde Management

Managing director · since 07 juin 2024 · until 02 juin 2028 · 0463.681.576

Represented by Erik Van den Eynde

Active

Ended mandates

Kurt Van Oevelen

Director · since 08 juin 2024 · until 07 juin 2025

Ended
Tom Saeys

Director · since 08 juin 2024 · until 07 juin 2025

Ended
Eric Janssens

Director · since 07 juin 2024 · until 02 juin 2028

Ended
GVANHOYE

Chairman of the board of directors · since 07 juin 2024 · until 02 juin 2028 · 0838.093.856

Represented by Geert VAN HOYE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/10/2022
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    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

Timeline

  1. 2025
    Annual accounts 20251,7 M €
  2. 2024
    Annual accounts 20241,8 M €
  3. 2023
    Annual accounts 20231,9 M €
  4. 2022
    Annual accounts 2022925,3 k €
  5. 2022
    Annual accounts 20221,8 M €
  6. 2021
    Annual accounts 20211,4 M €
  7. 2020
    Annual accounts 20201,2 M €
  8. 2019
    Annual accounts 20191,1 M €
  9. 2018
    Annual accounts 2018894,2 k €
  10. 2017
    Annual accounts 2017885,1 k €
  11. 2016
    Annual accounts 2016812,8 k €
  12. 2015
    Annual accounts 2015635,4 k €
  13. 2014
    Annual accounts 2014513,6 k €
  14. 2013
    Annual accounts 2013451,2 k €
  15. 2012
    Annual accounts 2012442,5 k €
  16. 2011
    Annual accounts 2011407,7 k €
  17. 2010
    Annual accounts 2010502,2 k €
  18. 2009
    Annual accounts 2009274 k €
  19. 2008
    Annual accounts 2008248,9 k €
  20. 2007
    Annual accounts 2007196,9 k €
  21. 24/07/1990
    IncorporationPublic limited company