ACTIVE

PAMICA

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Financial year 2025 · closed on 30/11/2025

Net result

961,8 k €

+35.0% YoY

Revenue

318,8 k €

+12.0% YoY

Equity

137,3 M €

+0.7% YoY

Workforce

2,6 ETP

+44.4% YoY

What does PAMICA do?

PAMICA is a Public limited company incorporated in 1993. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen. It employs on average 2,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.920.246

Incorporation

13/04/1993

Legal form

Public limited company

Registered office

Rouaanse Kaai 1 - 3
2000 Antwerpen · FlandreSee on map

Contributed capital

12 500 000,00 €

Latest accounts

30/11/2025

Average workforce

2,6 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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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	318,8 k €	+12.0%	284,8 k €	-18.2%	348,4 k €	-13.5%	402,9 k €	+1.6%	396,4 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-921,6 k €	-107%	-444,2 k €	+1.0%	-448,9 k €	-9.0%	-411,9 k €	-182%	-146,2 k €	+22.0%	-187,4 k €	+36.8%	-296,3 k €	+52.4%	-622,3 k €	-24.7%	-499,0 k €	-27.5%	-391,4 k €	-164%	614,4 k €	-85.6%	4,3 M €	+1728%	232,7 k €	+24.7%	186,6 k €	+62.3%	115,0 k €	-17.8%	139,9 k €	+16833%	-836,0 €	+99.1%	-88,4 k €	+49.4%	-174,8 k €	+24.9%	-232,8 k €
Operating result	-1,4 M €	-63.4%	-876,7 k €	-9.0%	-804,2 k €	-12.7%	-713,6 k €	-56.3%	-456,7 k €	+7.9%	-495,7 k €	+18.2%	-605,8 k €	+34.1%	-919,0 k €	-7.3%	-856,9 k €	-16.6%	-734,9 k €	-329%	321,4 k €	-91.9%	3,9 M €	+6697%	-59,8 k €	+42.7%	-104,3 k €	+59.5%	-257,6 k €	-5.6%	-244,0 k €	+31.0%	-353,5 k €	+19.8%	-440,7 k €	+9.9%	-489,3 k €	-5.9%	-462,3 k €
Net result	961,8 k €	+35.0%	712,4 k €	+8.4%	657,1 k €	-99.1%	76,5 M €	+1539%	4,7 M €	+1690%	-293,5 k €	+96.2%	-7,6 M €	-32617%	23,5 k €	-83.4%	141,3 k €	+102%	-7,6 M €	-1197%	693,3 k €	-98.2%	39,4 M €	+107785%	36,5 k €	-16.8%	43,9 k €	-93.8%	707,3 k €	-26.7%	965,2 k €	+1200%	-87,8 k €	+84.9%	-583,0 k €	+39.1%	-956,7 k €	-403%	-190,4 k €
Balance sheet
Equity	137,3 M €	+0.7%	136,4 M €	+0.5%	135,7 M €	+0.5%	135,1 M €	+130%	58,7 M €	+8.6%	54,0 M €	-0.5%	54,3 M €	-11.7%	61,5 M €	+0.0%	61,5 M €	+0.2%	61,3 M €	-11.0%	68,9 M €	+1.0%	68,2 M €	+151%	27,2 M €	+0.1%	27,2 M €	+0.2%	27,1 M €	+6.7%	25,4 M €	+3.9%	24,5 M €	+0.7%	24,3 M €	-0.3%	24,4 M €	-3.8%	25,3 M €
Total assets	137,8 M €	+0.4%	137,2 M €	+0.1%	137,0 M €	+0.2%	136,8 M €	+69.8%	80,5 M €	+16.3%	69,3 M €	+9.2%	63,4 M €	-2.4%	65,0 M €	+3.7%	62,7 M €	-1.2%	63,5 M €	-10.8%	71,2 M €	+2.9%	69,2 M €	+145%	28,3 M €	+1.5%	27,8 M €	-5.8%	29,5 M €	+5.1%	28,1 M €	+9.4%	25,7 M €	-1.2%	26,0 M €	-0.7%	26,2 M €	-5.3%	27,6 M €
Cash	2,0 M €	-20.5%	2,5 M €	+24.2%	2,0 M €	-92.9%	28,0 M €	+769%	3,2 M €	+470%	565,6 k €	-70.9%	1,9 M €	+10.9%	1,8 M €	+537%	275,0 k €	-96.2%	7,2 M €	-69.9%	24,0 M €	-46.0%	44,4 M €	+1018%	4,0 M €	+0.1%	4,0 M €	-44.9%	7,2 M €	+62.8%	4,4 M €	+24.0%	3,6 M €	-15.6%	4,2 M €	+5.6%	4,0 M €	-33.5%	6,0 M €
Debts	510,2 k €	-38.0%	822,9 k €	-20.3%	1,0 M €	+8.6%	950,5 k €	-95.5%	20,9 M €	+40.4%	14,9 M €	+66.8%	8,9 M €	+163%	3,4 M €	+185%	1,2 M €	-4.1%	1,2 M €	-2.2%	1,3 M €	+39.3%	913,3 k €	-9.4%	1,0 M €	+75.0%	575,6 k €	-75.1%	2,3 M €	-12.3%	2,6 M €	+119%	1,2 M €	-27.5%	1,7 M €	-5.7%	1,8 M €	-21.4%	2,2 M €
Other
Workforce	2,6 ETP	+44.4%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	-14.3%	2,1 ETP	+61.5%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	+18.2%	1,1 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 8 ended

Active mandates

Michel Akkermans

Managing director

Active

Ended mandates

Peggy Saliën

Director · since 12 février 2018 · until 28 avril 2023

Ended

Carine Verstraeten

Managing director · since 28 avril 2017 · until 12 février 2018

Ended

Michel Akkermans

Managing director · since 28 avril 2017 · until 28 avril 2023

Ended

Carine Verstraeten

Managing director · since 29 avril 2011 · until 28 avril 2017

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/05/2026	15/05/2025	17/05/2024	26/05/2023	20/05/2022	11/06/2021
General meeting	04/05/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022	28/05/2021
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	30/11/2025	04/05/2026	05/05/2026	Dutch	PDF
Full model	30/11/2024	02/05/2025	15/05/2025	Dutch	PDF
Full model	30/11/2023	03/05/2024	17/05/2024	Dutch	PDF
Full model	30/11/2022	05/05/2023	26/05/2023	Dutch	PDF
Full model	30/11/2021	06/05/2022	20/05/2022	Dutch	PDF
Abridged model	30/11/2020	28/05/2021	11/06/2021	Dutch	PDF
Abridged model	30/11/2019	22/05/2020	25/05/2020	Dutch	PDF
Abridged model	30/11/2018	17/05/2019	23/05/2019	Dutch	PDF
Abridged model	30/11/2017	18/05/2018	24/05/2018	Dutch	PDF
Abridged model	30/11/2016	28/04/2017	26/05/2017	Dutch	PDF
Abridged model	30/11/2015	29/04/2016	04/05/2016	Dutch	PDF
Abridged model	30/11/2014	24/04/2015	20/05/2015	Dutch	PDF
Abridged model	30/11/2013	25/04/2014	09/05/2014	Dutch	PDF
Abridged model	30/11/2012	31/05/2013	20/06/2013	Dutch	PDF
Abridged model	30/11/2011	27/04/2012	24/05/2012	Dutch	PDF
Abridged model	30/11/2010	29/04/2011	26/05/2011	Dutch	PDF
Abridged model	30/11/2009	23/04/2010	26/05/2010	Dutch	PDF
Abridged model	30/11/2008	24/04/2009	12/05/2009	Dutch	PDF
Abridged model	30/11/2007	25/04/2008	19/05/2008	Dutch	PDF
Abridged model	30/11/2006	27/04/2007	11/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 30/11/2025 · 1 active · 8 ended

Active mandates

Michel Akkermans

Managing director

Active

Ended mandates

Peggy Saliën

Director · since 12 février 2018 · until 28 avril 2023

Ended

Carine Verstraeten

Managing director · since 28 avril 2017 · until 12 février 2018

Ended

Michel Akkermans

Managing director · since 28 avril 2017 · until 28 avril 2023

Ended

Carine Verstraeten

Managing director · since 29 avril 2011 · until 28 avril 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other17/12/2020
DIVERSEN
PDF
Mandates26/06/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates02/03/2018
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other11/07/2013
DIVERSEN
PDF
Mandates11/05/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/03/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/05/2005
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 2025961,8 k €↑
2024
Annual accounts 2024712,4 k €↑
2023
Annual accounts 2023657,1 k €↓
2022
Annual accounts 202276,5 M €↑
2021
Annual accounts 20214,7 M €↑
2020
Annual accounts 2020-293,5 k €↑
2019
Annual accounts 2019-7,6 M €↓
2018
Annual accounts 201823,5 k €↓
2017
Annual accounts 2017141,3 k €↑
2016
Annual accounts 2016-7,6 M €↓
2015
Annual accounts 2015693,3 k €↓
2014
Annual accounts 201439,4 M €↑
2013
Annual accounts 201336,5 k €↓
2012
Annual accounts 201243,9 k €↓
2011
Annual accounts 2011707,3 k €↓
2010
Annual accounts 2010965,2 k €↑
2009
Annual accounts 2009-87,8 k €↑
2008
Annual accounts 2008-583,0 k €↑
2007
Annual accounts 2007-956,7 k €↓
2006
Annual accounts 2006-190,4 k €
13/04/1993
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

PAMICA

Overview

What does PAMICA do?

Trend over 20 financial years

Indicative valuation

Board of directors

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