ACTIVE

PAEPSEM

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Financial year 2025 · closed on 31/12/2025

Net result

-796,5 k €

-71.7% YoY

Revenue

788,6 k €

+2.2% YoY

Equity

7,9 M €

-12.1% YoY

What does PAEPSEM do?

PAEPSEM is a Public limited company incorporated in 1993. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.972.301

Incorporation

28/09/1993

Legal form

Public limited company

Registered office

Zuiderlaan 1-3 box 1
9000 Gent · FlandreSee on map

Contributed capital

4 484 558,57 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate

Signals

Solid equityPositive cashflowPositive EBITDA

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	788,6 k €	+2.2%	771,4 k €	-34.3%	1,2 M €		–		1 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	287,8 k €	-34.2%	437,5 k €	-38.8%	715 k €	-12.7%	819 k €	+1.0%	810,7 k €	+70.8%	474,7 k €	+7.7%	440,6 k €	-7.5%	476,5 k €	+9.7%	434,2 k €	-2.0%	443 k €	-22.1%	568,8 k €	+212%	182,3 k €	+5.1%	173,5 k €	-37.5%	277,7 k €	-26.0%	375,3 k €	+29.7%	289,4 k €	+39.5%	207,5 k €	-22.3%	267,1 k €	+199%	89,4 k €	+198%	-91,1 k €
Operating result	-766,5 k €	-79.8%	-426,3 k €	-1241%	37,4 k €	-81.1%	198,1 k €	+4.4%	189,8 k €	+1286%	-16 k €	-114%	118 k €	-25.5%	158,3 k €	+31.8%	120 k €	-13.3%	138,4 k €	-50.0%	276,6 k €	+236%	-204,1 k €	-190%	-70,4 k €	-241%	49,8 k €	-64.3%	139,4 k €	+136%	59,1 k €	+600%	-11,8 k €	-136%	33,3 k €	+159%	-56,8 k €	+78.1%	-259,2 k €
Net result	-796,5 k €	-71.7%	-463,9 k €	-7398%	-6,2 k €	-106%	95,7 k €	+20.1%	79,7 k €	+194%	-85 k €	-1552%	-5,1 k €	+77.7%	-23 k €	+74.9%	-91,6 k €	+11.1%	-103,1 k €	-328%	45,2 k €	-97.5%	1,8 M €	+712%	-299,9 k €	-43.2%	-209,4 k €	-420%	-40,2 k €	+77.2%	-176,6 k €	+1.7%	-179,7 k €	+19.9%	-224,3 k €	+32.3%	-331 k €	+33.5%	-497,6 k €
Balance sheet
Equity	7,9 M €	-12.1%	9 M €	-10.6%	10 M €	-1.7%	10,2 M €	+6.9%	9,6 M €	+3.4%	9,2 M €	+267%	2,5 M €	+464%	446,5 k €	-4.9%	469,5 k €	-16.3%	561,1 k €	-15.5%	664,2 k €	+7.3%	619 k €	+151%	-1,2 M €	-32.8%	-915,3 k €	-29.7%	-705,9 k €	-6.0%	-665,7 k €	-36.1%	-489,1 k €	-58.1%	-309,4 k €	+57.8%	-732,7 k €	+38.3%	-1,2 M €
Total assets	13,7 M €	-3.6%	14,2 M €	-3.8%	14,7 M €	-5.4%	15,6 M €	-1.7%	15,8 M €	+0.2%	15,8 M €	+162%	6 M €	-3.2%	6,2 M €	-3.5%	6,4 M €	-2.3%	6,6 M €	-0.8%	6,6 M €	+3.2%	6,4 M €	+60.1%	4 M €	+6.2%	3,8 M €	-8.8%	4,2 M €	-3.1%	4,3 M €	+0.1%	4,3 M €	-7.9%	4,7 M €	+6.1%	4,4 M €	+41.3%	3,1 M €
Cash	38,9 k €		–		15,8 k €	-69.9%	52,6 k €	-86.3%	384,8 k €	+93.5%	198,8 k €	+268%	54,1 k €	+202%	17,9 k €	+20.4%	14,9 k €	-50.7%	30,2 k €	+5.2%	28,7 k €	-40.1%	47,9 k €	-40.6%	80,6 k €		–		38 k €	-41.6%	65,1 k €	+1139%	5,3 k €	-88.4%	45,2 k €		–		–
Debts	5,2 M €	+4.9%	5 M €	+6.2%	4,7 M €	-12.5%	5,3 M €	-14.7%	6,3 M €	-4.3%	6,5 M €	+86.9%	3,5 M €	-37.8%	5,6 M €	-5.2%	5,9 M €	+9.2%	5,4 M €	-1.6%	5,5 M €	+1.2%	5,5 M €	+8.7%	5 M €	+8.8%	4,6 M €	-4.0%	4,8 M €	-2.5%	4,9 M €	+4.0%	4,7 M €	-4.6%	5 M €	-2.3%	5,1 M €	+18.4%	4,3 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

LICENSE TO CONSTRUCT

Director · since 02 juin 2020 · 0841.841.125

Represented by Gaëtan Vermeire

Active

Ended mandates

LICENSE TO CONSTRUCT

Director · since 02 juin 2020 · 0841.841.125

Represented by Gaëtan Vermeiren

Ended

LICENSE TO CONSTRUCT

Director · since 02 juin 2020 · 0841.841.125

Represented by Gaëtan Vermeiren

Ended

Gaëtan Vermeire

Director · since 08 octobre 2019 · until 02 juin 2020

Ended

Karl-Erik Tommy Larsson

Director · since 24 mai 2016 · until 23 mai 2019

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	16/06/2026	20/06/2025	04/06/2024	05/06/2023	30/05/2022	02/06/2021
General meeting	05/05/2026	06/05/2025	07/05/2024	02/05/2023	03/05/2022	04/05/2021
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
Abridged model	31/12/2025	05/05/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/05/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/05/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	05/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/05/2022	30/05/2022	Dutch	PDF
Abridged model	31/12/2020	04/05/2021	02/06/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/05/2019	20/06/2019	Dutch	PDF
Abridged model	31/12/2017	22/05/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	23/05/2017	13/06/2017	Dutch	PDF
Abridged model	31/12/2015	24/05/2016	07/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/05/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/05/2013	09/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	31/05/2010	Dutch	PDF
Abridged model	31/12/2008	05/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/05/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

LICENSE TO CONSTRUCT

Director · since 02 juin 2020 · 0841.841.125

Represented by Gaëtan Vermeire

Active

Ended mandates

LICENSE TO CONSTRUCT

Director · since 02 juin 2020 · 0841.841.125

Represented by Gaëtan Vermeiren

Ended

LICENSE TO CONSTRUCT

Director · since 02 juin 2020 · 0841.841.125

Represented by Gaëtan Vermeiren

Ended

Gaëtan Vermeire

Director · since 08 octobre 2019 · until 02 juin 2020

Ended

Karl-Erik Tommy Larsson

Director · since 24 mai 2016 · until 23 mai 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/06/2020
DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/11/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates24/10/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/04/2008
KAPITAAL - AANDELEN
PDF
Capital / shares21/11/2007
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/06/2007
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 2025-796,5 k €↓
2024
Annual accounts 2024-463,9 k €↓
2023
Annual accounts 2023-6,2 k €↓
2022
Annual accounts 202295,7 k €↑
2021
Annual accounts 202179,7 k €↑
2020
Annual accounts 2020-85 k €↓
2019
Annual accounts 2019-5,1 k €↑
2018
Annual accounts 2018-23 k €↑
2017
Annual accounts 2017-91,6 k €↑
2016
Annual accounts 2016-103,1 k €↓
2015
Annual accounts 201545,2 k €↓
2014
Annual accounts 20141,8 M €↑
2013
Annual accounts 2013-299,9 k €↓
2012
Annual accounts 2012-209,4 k €↓
2011
Annual accounts 2011-40,2 k €↑
2010
Annual accounts 2010-176,6 k €↑
2009
Annual accounts 2009-179,7 k €↑
2008
Annual accounts 2008-224,3 k €↑
2007
Annual accounts 2007-331 k €↑
2006
Annual accounts 2006-497,6 k €
28/09/1993
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

PAEPSEM

Overview

What does PAEPSEM 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