ACTIVE

PAVADO

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Financial year 2025 · closed on 30/06/2025

Net result

246,2 k €

-18.5% YoY

Revenue

592,4 k €

-7.3% YoY

Equity

3 M €

-27.4% YoY

What does PAVADO do?

PAVADO is a Public limited company incorporated in 1993. Its main activity is: Trade of electricity. Its registered office is in Destelbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.435.237

Incorporation

30/06/1993

Legal form

Public limited company

Registered office

Dendermondesteenweg 268
9070 Destelbergen · FlandreSee on map

Contributed capital

209 500,00 €

Latest accounts

30/06/2025

Activities (NACE)

35140Trade of electricity· main 35150Electric power generation, transmission and distribution

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	592,4 k €	-7.3%	639,2 k €	-2.4%	655,2 k €	+3.5%	633,3 k €	-41.3%	1,1 M €	+13.9%	946,6 k €	+71.5%	552 k €	0.0%	552 k €	+0.8%	547,6 k €	+44.5%	379 k €	+46.3%	259 k €	+14.2%	226,9 k €	+117%	104,5 k €	+7.8%	97 k €	+131%	42 k €	0.0%	42 k €	-75.1%	168,5 k €	-46.8%	317 k €	+627%	43,6 k €
EBITDA	428,4 k €	-23.7%	561,5 k €	-1.9%	572,7 k €	-2.1%	584,9 k €	-43.8%	1 M €	+21.9%	853,3 k €	+64.7%	518,3 k €	+0.5%	515,8 k €	+0.0%	515,6 k €	+44.3%	357,4 k €	+60.7%	222,4 k €	+1.1%	219,9 k €	+151%	87,6 k €	+56.7%	55,9 k €	+47.1%	38 k €	-1.5%	38,6 k €	-9.1%	42,5 k €	-33.3%	63,7 k €	+185%	22,4 k €
Operating result	307,2 k €	-30.4%	441,6 k €	-2.5%	452,8 k €	-2.5%	464,5 k €	-51.9%	965,5 k €	+19.6%	807,2 k €	+70.2%	474,2 k €	+0.2%	473,2 k €	-2.5%	485,2 k €	+46.6%	331 k €	+68.6%	196,3 k €	+1.5%	193,4 k €	+178%	69,6 k €	+56.3%	44,5 k €	+67.3%	26,6 k €	-2.1%	27,2 k €	-12.5%	31,1 k €	-22.5%	40,1 k €	+232%	-30,5 k €
Net result	246,2 k €	-18.5%	302,2 k €	-0.7%	304,4 k €	-4.1%	317,3 k €	-54.4%	696,2 k €	+22.3%	569,4 k €	+70.6%	333,8 k €	+7.2%	311,3 k €	-2.7%	320,1 k €	+38.9%	230,4 k €	+60.7%	143,4 k €	+4.0%	137,9 k €	+127%	60,7 k €	+104%	29,7 k €	+63.9%	18,1 k €	-24.1%	23,9 k €	-24.1%	31,4 k €	-11.5%	35,5 k €	+145%	-78,7 k €
Balance sheet
Equity	3 M €	-27.4%	4,1 M €	+7.9%	3,8 M €	+8.6%	3,5 M €	+9.9%	3,2 M €	+27.6%	2,5 M €	+29.2%	2 M €	+20.6%	1,6 M €	+23.8%	1,3 M €	+32.4%	987,1 k €	+24.5%	792,7 k €	+15.7%	685,3 k €	+17.5%	583,4 k €	+192%	200 k €	+17.4%	170,3 k €	+11.9%	152,2 k €	+18.6%	128,3 k €	+32.5%	96,8 k €	+58.0%	61,3 k €
Total assets	4,4 M €	-14.0%	5,2 M €	+6.4%	4,9 M €	+6.6%	4,6 M €	+7.3%	4,2 M €	+66.7%	2,5 M €	+27.1%	2 M €	+15.0%	1,7 M €	+17.2%	1,5 M €	+23.8%	1,2 M €	+7.9%	1,1 M €	+8.6%	1 M €	-2.4%	1,1 M €	+50.6%	697,3 k €	-25.7%	939,1 k €	+1.0%	929,6 k €	+1.5%	915,6 k €	+2.5%	893 k €	-10.7%	999,5 k €
Cash	714,9 k €	-69.3%	2,3 M €	+19.7%	1,9 M €	+35.1%	1,4 M €	+77.5%	812 k €	+29.8%	625,7 k €	-35.1%	964,8 k €	+40.9%	684,7 k €	+83.3%	373,5 k €	+20.7%	309,5 k €	+52.2%	203,3 k €	+128%	89 k €	+307%	21,9 k €	-84.9%	145,1 k €	-61.0%	372,5 k €	+4.4%	356,8 k €	+7.7%	331,3 k €	+98.5%	166,8 k €	+3293%	4,9 k €
Debts	1,4 M €	+47.4%	977,1 k €	+0.2%	975,3 k €	-1.2%	987,1 k €	-0.7%	993,9 k €	+3674%	26,3 k €	-48.8%	51,5 k €	-57.9%	122,2 k €	-30.9%	176,8 k €	-16.0%	210,5 k €	-33.5%	316,4 k €	-4.6%	331,6 k €	-29.0%	466,9 k €	-6.1%	497,3 k €	-35.3%	768,8 k €	-1.1%	777,5 k €	-1.3%	787,4 k €	-1.1%	796,2 k €	-14.2%	927,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 16 ended

Active mandates

Ronny VAN DOORSSELAERE

Managing director

Active

Ended mandates

Linda VAN DOORSSELAERE

Director · since 01 décembre 2017 · until 01 décembre 2023

Ended

Ronny VAN DOORSSELAERE

Managing director · since 01 décembre 2017 · until 01 décembre 2023

Ended

Thesla

Director · since 01 décembre 2017 · until 01 décembre 2023 · 0445.912.958

Represented by Ronny VAN DOORSSELAERE

Ended

Thesla

Director · since 01 décembre 2017 · until 01 décembre 2023 · 0445.912.958

Ended

At this address

Other companies at this address

Company	CBE no.
THEPA● Active	0644.423.557
Thesla● Active	0445.912.958

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/11/2025	10/12/2024	08/12/2023	09/12/2022	06/12/2021	11/12/2020
General meeting	15/10/2025	06/12/2024	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	15/10/2025	10/11/2025	Dutch	PDF
Full model	30/06/2024	06/12/2024	10/12/2024	Dutch	PDF
Full model	30/06/2023	01/12/2023	08/12/2023	Dutch	PDF
Full model	30/06/2022	02/12/2022	09/12/2022	Dutch	PDF
Full model	30/06/2021	03/12/2021	06/12/2021	Dutch	PDF
Full model	30/06/2020	04/12/2020	11/12/2020	Dutch	PDF
Full model	30/06/2019	06/12/2019	06/12/2019	Dutch	PDF
Full model	30/06/2018	07/12/2018	10/12/2018	Dutch	PDF
Full model	30/06/2017	01/12/2017	21/12/2017	Dutch	PDF
Full model	30/06/2016	02/12/2016	06/12/2016	Dutch	PDF
Full model	30/06/2015	04/12/2015	07/12/2015	Dutch	PDF
Full model	30/06/2014	05/12/2014	05/12/2014	Dutch	PDF
Full model	30/06/2013	28/12/2013	12/02/2014	Dutch	PDF
Full model	30/06/2012	07/12/2012	14/12/2012	Dutch	PDF
Full model	30/06/2011	02/12/2011	23/01/2012	Dutch	PDF
Full model	30/06/2010	03/12/2010	03/12/2010	Dutch	PDF
Full model	30/06/2009	18/12/2009	06/01/2010	Dutch	PDF
Full model	30/06/2008	26/12/2008	13/01/2009	Dutch	PDF
Full model	30/06/2007	28/12/2007	11/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/06/2025 · 1 active · 16 ended

Active mandates

Ronny VAN DOORSSELAERE

Managing director

Active

Ended mandates

Linda VAN DOORSSELAERE

Director · since 01 décembre 2017 · until 01 décembre 2023

Ended

Ronny VAN DOORSSELAERE

Managing director · since 01 décembre 2017 · until 01 décembre 2023

Ended

Thesla

Director · since 01 décembre 2017 · until 01 décembre 2023 · 0445.912.958

Represented by Ronny VAN DOORSSELAERE

Ended

Thesla

Director · since 01 décembre 2017 · until 01 décembre 2023 · 0445.912.958

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/03/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring26/08/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/06/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/06/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates10/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025246,2 k €↓
2024
Annual accounts 2024302,2 k €↓
2023
Annual accounts 2023304,4 k €↓
2022
Annual accounts 2022317,3 k €↓
2021
Annual accounts 2021696,2 k €↑
2020
Annual accounts 2020569,4 k €↑
2019
Annual accounts 2019333,8 k €↑
2018
Annual accounts 2018311,3 k €↓
2017
Annual accounts 2017320,1 k €↑
2016
Annual accounts 2016230,4 k €↑
2015
Annual accounts 2015143,4 k €↑
2014
Annual accounts 2014137,9 k €↑
2013
Annual accounts 201360,7 k €↑
2012
Annual accounts 201229,7 k €↑
2011
Annual accounts 201118,1 k €↓
2010
Annual accounts 201023,9 k €↓
2009
Annual accounts 200931,4 k €↓
2008
Annual accounts 200835,5 k €↑
2007
Annual accounts 2007-78,7 k €
30/06/1993
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

PAVADO

Overview

What does PAVADO do?

Trend over 19 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