ACTIVE

PIRON Construction

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Financial year 2025 · closed on 31/12/2025

Net result

941,5 k €

+27.1% YoY

Revenue

23,8 M €

-14.6% YoY

Equity

8,8 M €

+7.0% YoY

Workforce

97,3 ETP

-13.7% YoY

What does PIRON Construction do?

PIRON Construction is a Public limited company incorporated in 1991. Its main activity is: Construction of buildings. Its registered office is in Herve. It employs on average 97,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.867.338

Incorporation

08/08/1991

Legal form

Public limited company

Registered office

Rue de Chesseroux 1
4651 Herve · WallonieSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

97,3 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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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
Revenue	23,8 M €	-14.6%	27,9 M €	-8.2%	30,4 M €	-3.8%	31,6 M €	+4.8%	30,1 M €	+8.4%	27,8 M €	-16.0%	33 M €	+5.5%	31,3 M €	+12.1%	27,9 M €	-7.5%	30,2 M €	+4.0%	29 M €	+11.4%	26,1 M €	-0.2%	26,1 M €	-1.0%	26,4 M €	+21.4%	21,7 M €	+6.8%	20,3 M €	-3.6%	21,1 M €	+2.8%	20,5 M €	+12.2%	18,3 M €	+17.9%	15,5 M €
EBITDA	2,1 M €	+16.1%	1,8 M €	+106%	868,9 k €	-19.3%	1,1 M €	-27.4%	1,5 M €	+2.0%	1,5 M €	+109%	696 k €	-44.6%	1,3 M €	+3.3%	1,2 M €	-59.7%	3 M €	-9.9%	3,3 M €	+68.3%	2 M €	+31.7%	1,5 M €	-10.4%	1,7 M €	-10.0%	1,9 M €	-6.8%	2 M €	+22.1%	1,6 M €	+52.1%	1,1 M €	+69.7%	637,1 k €	+44.5%	440,9 k €
Operating result	1,5 M €	+21.7%	1,2 M €	+328%	282 k €	-32.5%	417,8 k €	-46.7%	783,7 k €	+11.3%	704,2 k €	+578%	-147,4 k €	-125%	583,7 k €	-5.3%	616,2 k €	-76.8%	2,7 M €	-2.3%	2,7 M €	+71.9%	1,6 M €	+44.5%	1,1 M €	-12.4%	1,2 M €	-11.0%	1,4 M €	-15.2%	1,7 M €	+36.5%	1,2 M €	+80.8%	668,7 k €	+100%	334 k €	+73.4%	192,7 k €
Net result	941,5 k €	+27.1%	740,5 k €	+573%	110,1 k €	-62.9%	296,7 k €	-48.9%	581 k €	+13.9%	510,1 k €	+369%	-189,4 k €	-158%	327,7 k €	-28.9%	461,2 k €	-75.3%	1,9 M €	-1.2%	1,9 M €	+64.3%	1,1 M €	+46.6%	783,5 k €	-7.2%	844,1 k €	-15.2%	995 k €	-12.4%	1,1 M €	+30.1%	872,6 k €	+65.7%	526,8 k €	+37.0%	384,6 k €	+167%	144,1 k €
Balance sheet
Equity	8,8 M €	+7.0%	8,2 M €	+5.6%	7,8 M €	+0.7%	7,7 M €	+3.8%	7,4 M €	+5.2%	7,1 M €	+4.2%	6,8 M €	-1.4%	6,9 M €	+0.4%	6,9 M €	-0.2%	6,9 M €	+18.3%	5,8 M €	+34.5%	4,3 M €	+6.1%	4,1 M €	+13.5%	3,6 M €	+14.1%	3,1 M €	+23.2%	2,5 M €	+29.3%	2 M €	+26.2%	1,6 M €	+24.4%	1,3 M €	+17.2%	1,1 M €
Total assets	25 M €	+8.0%	23,1 M €	+8.0%	21,4 M €	-3.8%	22,3 M €	-1.7%	22,6 M €	+8.0%	21 M €	-7.3%	22,6 M €	+1.1%	22,4 M €	+14.1%	19,6 M €	+7.1%	18,3 M €	+9.5%	16,7 M €	+6.9%	15,6 M €	+9.4%	14,3 M €	-7.1%	15,4 M €	-8.6%	16,8 M €	+13.4%	14,8 M €	+12.3%	13,2 M €	+22.1%	10,8 M €	+38.9%	7,8 M €	+17.7%	6,6 M €
Cash	2 M €	-29.7%	2,8 M €	-1.3%	2,8 M €	+11.6%	2,5 M €	+34.5%	1,9 M €	+4.5%	1,8 M €	-27.4%	2,5 M €	+33.8%	1,9 M €	+16.1%	1,6 M €	-43.2%	2,8 M €	+118%	1,3 M €	-25.0%	1,7 M €	+238%	509,8 k €	-44.5%	918,3 k €	-25.9%	1,2 M €	-1.8%	1,3 M €	-32.6%	1,9 M €	+118%	857,9 k €	-43.3%	1,5 M €	+7.7%	1,4 M €
Debts	14,4 M €	+9.9%	13,1 M €	+9.7%	11,9 M €	-7.6%	12,9 M €	-5.5%	13,6 M €	+9.7%	12,4 M €	-13.9%	14,4 M €	+1.8%	14,2 M €	+22.9%	11,6 M €	+12.1%	10,3 M €	+6.0%	9,7 M €	+17.1%	8,3 M €	+22.9%	6,8 M €	-17.2%	8,2 M €	-23.8%	10,7 M €	+11.2%	9,6 M €	+15.2%	8,4 M €	+25.9%	6,6 M €	+51.1%	4,4 M €	+6.0%	4,1 M €
Other
Workforce	97,3 ETP	-13.7%	112,7 ETP	-10.1%	125,4 ETP	-0.9%	126,5 ETP	-2.2%	129,3 ETP	-8.6%	141,4 ETP	-12.7%	162,0 ETP	+2.3%	158,3 ETP	+10.1%	143,8 ETP	+2.6%	140,1 ETP	-1.1%	141,6 ETP	+4.6%	135,4 ETP	-6.2%	144,3 ETP	+0.5%	143,6 ETP	+3.0%	139,4 ETP	+1.5%	137,3 ETP	+0.9%	136,1 ETP	-4.6%	142,6 ETP	+3.4%	137,9 ETP	+14.3%	120,6 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 · 3 active · 16 ended

Active mandates

LOUIS PIRON MANAGEMENT

Director · since 20 juin 2025 · until 20 juin 2031 · 1019.997.065

Represented by Louis Piron

Active

GROUPE ETIENNE PIRON

Managing director · since 29 mars 2021 · until 19 juin 2026 · 0887.300.570

Represented by Etienne PIRON

Active

Louis Piron

Administrateur Statutaire · since 29 mars 2021 · until 20 juin 2025

Active

Ended mandates

GROUPE ETIENNE PIRON

Director · since 29 mars 2021 · until 26 juin 2026 · 0887.300.570

Represented by Etienne PIRON

Ended

Louis PIRON

Director · since 29 mars 2021 · until 19 juin 2026

Ended

Louis Piron

Director · since 26 juin 2020 · until 20 juin 2026

Ended

Etienne PIRON

Chairman of the board of directors · since 20 juin 2014 · until 19 juin 2020

Ended

At this address

Other companies at this address

Company	CBE no.
GROUPE ETIENNE PIRON● Active	0887.300.570
IMMO-SAULE● Active	0876.351.745

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	27/06/2026	23/06/2025	24/06/2024	27/06/2023	18/06/2022	16/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	26/06/2023	17/06/2022	25/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	27/06/2026	French	PDF
Full model	31/12/2024	20/06/2025	23/06/2025	French	PDF
Full model	31/12/2023	21/06/2024	24/06/2024	French	PDF
Full model	31/12/2022	26/06/2023	27/06/2023	French	PDF
Full model	31/12/2021	17/06/2022	18/06/2022	French	PDF
Full model	31/12/2020	25/06/2021	16/07/2021	French	PDF
Full model	31/12/2019	26/06/2020	03/07/2020	French	PDF
Full model	31/12/2018	28/06/2019	28/06/2019	French	PDF
Full model	31/12/2017	29/06/2018	02/07/2018	French	PDF
Full model	31/12/2016	23/06/2017	01/07/2017	French	PDF
Full model	31/12/2015	17/06/2016	01/07/2016	French	PDF
Full model	31/12/2014	19/06/2015	10/07/2015	French	PDF
Full model	31/12/2013	20/06/2014	14/07/2014	French	PDF
Full model	31/12/2012	21/06/2013	04/07/2013	French	PDF
Full model	31/12/2011	22/06/2012	29/06/2012	French	PDF
Full model	31/12/2010	17/06/2011	01/07/2011	French	PDF
Full model	31/12/2009	18/06/2010	06/07/2010	French	PDF
Full model	31/12/2008	19/06/2009	30/06/2009	French	PDF
Full model	31/12/2007	20/06/2008	27/06/2008	French	PDF
Full model	31/12/2006	15/06/2007	07/08/2007	French	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 · 3 active · 16 ended

Active mandates

LOUIS PIRON MANAGEMENT

Director · since 20 juin 2025 · until 20 juin 2031 · 1019.997.065

Represented by Louis Piron

Active

GROUPE ETIENNE PIRON

Managing director · since 29 mars 2021 · until 19 juin 2026 · 0887.300.570

Represented by Etienne PIRON

Active

Louis Piron

Administrateur Statutaire · since 29 mars 2021 · until 20 juin 2025

Active

Ended mandates

GROUPE ETIENNE PIRON

Director · since 29 mars 2021 · until 26 juin 2026 · 0887.300.570

Represented by Etienne PIRON

Ended

Louis PIRON

Director · since 29 mars 2021 · until 19 juin 2026

Ended

Louis Piron

Director · since 26 juin 2020 · until 20 juin 2026

Ended

Etienne PIRON

Chairman of the board of directors · since 20 juin 2014 · until 19 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2024
DENOMINATION
PDF
Mandates24/07/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office21/03/2022
SIEGE SOCIAL
PDF
Mandates25/05/2021
DENOMINATION - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates30/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates29/08/2014
DEMISSIONS, NOMINATIONS
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 2025941,5 k €↑
2024
Annual accounts 2024740,5 k €↑
2023
Annual accounts 2023110,1 k €↓
2023
Name changePIRON Construction
2022
Annual accounts 2022296,7 k €↓
2021
Annual accounts 2021581 k €↑
2020
Annual accounts 2020510,1 k €↑
2019
Annual accounts 2019-189,4 k €↓
2018
Annual accounts 2018327,7 k €↓
2017
Annual accounts 2017461,2 k €↓
2016
Annual accounts 20161,9 M €↓
2015
Annual accounts 20151,9 M €↑
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 2013783,5 k €↓
2012
Annual accounts 2012844,1 k €↓
2011
Annual accounts 2011995 k €↓
2010
Annual accounts 20101,1 M €↑
2009
Annual accounts 2009872,6 k €↑
2008
Annual accounts 2008526,8 k €↑
2007
Annual accounts 2007384,6 k €↑
2006
Annual accounts 2006144,1 k €
2006
Name changeEntreprise Générale de Construction ETIENNE PIRON
08/08/1991
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

PIRON Construction

Overview

What does PIRON Construction 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