ACTIVE

PANEM ET CIRCENSES

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Financial year 2025 · Closed on 31/12/2025

Net result6,4 k €-81,8 %over 1 year
Gross margin651,2 k €+1,8 %over 1 year
Equity11,4 k €+127,0 %over 1 year
Workforce12,7 ETP+42,7 %over 1 year

Identity

Source · BCE/KBO

PANEM ET CIRCENSES is a Private limited company incorporated in 1992. Its registered office is in Leuven. It employs on average 12,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0447.745.367
Incorporation
03/07/1992
Legal form
Private limited company
Registered office
Waversebaan 69
3001 Leuven · FlandreSee on map
Contributed capital
92 960,07 €
Latest accounts
31/12/2025
Average workforce
12,7 ETP
Joint committees (2)
  • 118
  • 201
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin651,2 k €639,9 k €526,4 k €493,6 k €447 k €
EBITDA31,9 k €66,5 k €63,2 k €85,6 k €86,8 k €
Operating result12,7 k €46,7 k €29,1 k €51,1 k €49,8 k €
Net result6,4 k €35,1 k €14,2 k €37,4 k €39,8 k €
Balance sheet
Equity11,4 k €5 k €-30,1 k €-44,3 k €-81,7 k €
Total assets205,4 k €280,5 k €262,7 k €278,9 k €265,8 k €
Cash18,4 k €13,8 k €18,6 k €10 k €13,5 k €
Debts188,1 k €267,2 k €292,8 k €315,2 k €347 k €
Other
Workforce12,7 ETP8,9 ETP10,8 ETP9,7 ETP10,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

BAKRAYCO

Director · 0655.743.259

Represented by Ward Laeremans

Active

Ended mandates

BAKRAYCO

Director · since 17 octobre 2017 · 0655.743.259

Represented by Ward Laeremans

Ended
BAKRAYCO

Manager · since 01 juin 2016 · 0655.743.259

Represented by Bart Coosemans

Ended
Albert Rutten

Manager · until 31 mai 2016

Ended
ALBERT RUTTENS

Manager

Ended

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 date24/07/202619/06/202529/07/202427/07/202330/08/202231/08/2021
General meeting30/06/202610/06/202530/06/202430/06/202330/06/202230/06/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202624/07/2026DutchPDF
Abridged model31/12/202410/06/202519/06/2025DutchPDF
Abridged model31/12/202330/06/202429/07/2024DutchPDF
Abridged model31/12/202230/06/202327/07/2023DutchPDF
Abridged model31/12/202130/06/202230/08/2022DutchPDF
Abridged model31/12/202030/06/202131/08/2021DutchPDF
Abridged model31/12/201928/03/202031/08/2020DutchPDF
Abridged model31/12/201828/06/201931/07/2019DutchPDF
Abridged model31/12/201729/06/201831/08/2018DutchPDF
Micro model31/12/201603/06/201729/06/2017DutchPDF
Abridged model31/12/201530/04/201623/05/2016DutchPDF
Abridged model31/12/201430/06/201523/07/2015DutchPDF
Abridged model31/12/201330/04/201410/06/2014DutchPDF
Abridged model31/12/201222/08/201330/08/2013DutchPDF
Abridged model31/12/201116/07/201229/08/2012DutchPDF
Abridged model31/12/201030/06/201130/08/2011DutchPDF
Abridged model31/12/200928/06/201030/06/2010DutchPDF
Abridged model31/12/200825/06/200930/07/2009DutchPDF
Abridged model31/12/200716/06/200816/07/2008DutchPDF
Abridged model31/12/200618/06/200729/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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

1 active · 7 ended

Active mandates

BAKRAYCO

Director · 0655.743.259

Represented by Ward Laeremans

Active

Ended mandates

BAKRAYCO

Director · since 17 octobre 2017 · 0655.743.259

Represented by Ward Laeremans

Ended
BAKRAYCO

Manager · since 01 juin 2016 · 0655.743.259

Represented by Bart Coosemans

Ended
Albert Rutten

Manager · until 31 mai 2016

Ended
ALBERT RUTTENS

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/11/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/06/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/01/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/09/2008
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/11/2003
    ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

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 20256,4 k €↓
  2. 2024
    Annual accounts 202435,1 k €↑
  3. 2023
    Annual accounts 202314,2 k €↓
  4. 2022
    Annual accounts 202237,4 k €↓
  5. 2021
    Annual accounts 202139,8 k €↑
  6. 2020
    Annual accounts 202023 k €↑
  7. 2018
    Annual accounts 2018-13,7 k €↑
  8. 2017
    Annual accounts 2017-168,3 k €↓
  9. 2015
    Annual accounts 2015-5,4 k €↓
  10. 2014
    Annual accounts 201432,4 k €↑
  11. 2013
    Annual accounts 201318,7 k €↑
  12. 2012
    Annual accounts 2012-24,1 k €↓
  13. 2011
    Annual accounts 2011-21,5 k €↓
  14. 2010
    Annual accounts 201034,2 k €↑
  15. 2009
    Annual accounts 200912,6 k €↑
  16. 2008
    Annual accounts 200810,8 k €↓
  17. 2007
    Annual accounts 200755,2 k €↑
  18. 2006
    Annual accounts 2006-12,3 k €
  19. 03/07/1992
    IncorporationPrivate limited company