ACTIVE

PAHO

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Financial year 2025 · closed on 31/12/2025

Net result

241,4 k €

+75.4% YoY

Gross margin

646,2 k €

+41.9% YoY

Equity

816,4 k €

+8.1% YoY

Workforce

4,7 ETP

+11.9% YoY

What does PAHO do?

PAHO is a Private limited company incorporated in 1995. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Deinze. It employs on average 4,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.401.538

Incorporation

14/06/1995

Legal form

Private limited company

Registered office

Moorstraat 26
9850 Deinze · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

4,7 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 41003Construction of buildings 41203Construction of residential and non-residential buildings 41001Construction of buildings 41201Construction of residential and non-residential buildings+4

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	646,2 k €	+41.9%	455,5 k €	-9.6%	504 k €	+8.5%	464,5 k €	+23.4%	376,4 k €	+122%	169,9 k €	-49.0%	333 k €	+33.0%	250,4 k €	-30.9%	362,5 k €		–		155,4 k €	+43.4%	108,3 k €	+107%	52,3 k €	+56.9%	33,4 k €	+170%	-47,9 k €	-191%	52,6 k €	+35.7%	38,8 k €	+47.8%	26,2 k €	-68.9%	84,5 k €
EBITDA	360,4 k €	+67.5%	215,2 k €	-22.4%	277,5 k €	+27.0%	218,4 k €	+207%	71,1 k €	+367%	-26,6 k €	-123%	115,3 k €	+85.5%	62,2 k €	-65.7%	181 k €	+36.8%	132,2 k €	+10.6%	119,6 k €	+40.9%	84,9 k €	+64.0%	51,7 k €	+74.3%	29,7 k €	+149%	-60,5 k €	-310%	28,8 k €	-17.6%	35 k €	+42.8%	24,5 k €	-43.1%	43 k €
Operating result	256,1 k €	+52.8%	167,6 k €	+18.0%	142 k €	-9.8%	157,5 k €	+226%	48,3 k €	+186%	-56,3 k €	-168%	82,4 k €	+219%	25,8 k €	-82.4%	146,4 k €	+20.9%	121,1 k €	+11.0%	109,1 k €	+39.2%	78,4 k €	+90.4%	41,2 k €	+334%	9,5 k €	+113%	-73,8 k €	-525%	-11,8 k €	-170%	16,9 k €	-4.6%	17,7 k €	-30.6%	25,6 k €
Net result	241,4 k €	+75.4%	137,7 k €	+34.7%	102,2 k €	-28.0%	142 k €	+295%	35,9 k €	+163%	-57,3 k €	-212%	51,2 k €	+991%	4,7 k €	-95.0%	92,8 k €	+25.5%	74 k €	+11.0%	66,6 k €	+6.3%	62,7 k €	+99.1%	31,5 k €	+974%	2,9 k €	+104%	-81,3 k €	-403%	-16,2 k €	-229%	12,5 k €	+50.1%	8,4 k €	-60.1%	20,9 k €
Balance sheet
Equity	816,4 k €	+8.1%	755 k €	+11.5%	677,3 k €	+17.8%	575,1 k €	+32.8%	433,2 k €	+9.0%	397,3 k €	-1.4%	403 k €	+14.5%	351,8 k €	+1.4%	347,1 k €	+36.5%	254,3 k €	+41.0%	180,3 k €	+58.6%	113,7 k €	+123%	51,1 k €	+161%	19,6 k €	+17.6%	16,7 k €	-83.0%	97,9 k €	-14.2%	114,1 k €	+12.3%	101,6 k €	+9.0%	93,2 k €
Total assets	1,7 M €	+9.0%	1,5 M €	+20.7%	1,3 M €	-2.8%	1,3 M €	+8.0%	1,2 M €	+95.8%	620,4 k €	-13.8%	719,5 k €	+8.0%	666,1 k €	-12.2%	758,6 k €	-7.1%	816,9 k €	+55.6%	524,9 k €	+7.0%	490,7 k €	-6.7%	526 k €	+2.3%	514,2 k €	+59.7%	322 k €	-29.4%	456,2 k €	+16.1%	392,8 k €	+40.0%	280,6 k €	-11.6%	317,5 k €
Cash	380,7 k €	-31.8%	557,8 k €	+402%	111,2 k €	-45.4%	203,7 k €	+38.0%	147,6 k €	+3.0%	143,3 k €	-8.6%	156,8 k €	-5.5%	166 k €	-41.4%	283,1 k €	-8.5%	309,5 k €	+147%	125,2 k €	+39.9%	89,5 k €	-6.2%	95,4 k €	+89.9%	50,2 k €	-47.3%	95,3 k €	-13.5%	110,2 k €	+132%	47,4 k €	+12.7%	42,1 k €	-22.8%	54,4 k €
Debts	861,9 k €	+9.9%	784,3 k €	+31.9%	594,8 k €	-19.1%	735,5 k €	-5.9%	781,6 k €	+250%	223,2 k €	-16.9%	268,5 k €	-14.6%	314,2 k €	-23.6%	411,5 k €	-26.9%	562,6 k €	+64.7%	341,5 k €	-8.6%	373,8 k €	-20.3%	469 k €	-5.2%	494,6 k €	+62.0%	305,3 k €	-14.8%	358,3 k €	+28.5%	278,7 k €	+55.7%	179,1 k €	-20.2%	224,3 k €
Other
Workforce	4,7 ETP	+11.9%	4,2 ETP	+2.4%	4,1 ETP	-14.6%	4,8 ETP	-14.3%	5,6 ETP	+55.6%	3,6 ETP	-12.2%	4,1 ETP	0.0%	4,1 ETP	+2.5%	4,0 ETP	+53.8%	2,6 ETP	+52.9%	1,7 ETP	+183%	0,6 ETP		–		–		0,3 ETP	-70.0%	1,0 ETP		–		–		0,5 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 · 1 active · 19 ended

Active mandates

BARN Projects

Director · 0719.559.559

Represented by Brecht De Schamphelaere

Active

Ended mandates

FIMADEB

Director · since 03 mars 2021 · 0432.357.011

Represented by Peter De Brabandere

Ended

BARN Projects

Director · since 01 septembre 2020 · 0719.559.559

Represented by Brecht De Schamphelaere

Ended

DAVY LANNOO

Manager · since 10 décembre 2011

Ended

ML PROJECTEN

Manager · since 08 septembre 2009 · 0453.468.466

Represented by Maenhaut Wim

Ended

At this address

Other companies at this address

Company	CBE no.
BARN Projects● Active	0719.559.559

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	31/08/2026	26/06/2025	20/06/2024	26/06/2023	28/06/2022	29/06/2021
General meeting	28/08/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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
Abridged model	31/12/2025	28/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	26/06/2023	Dutch	PDF
Abridged model	31/12/2021	02/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	03/06/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	04/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	06/06/2019	09/07/2019	Dutch	PDF
Abridged model	31/12/2017	07/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	07/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	23/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	06/08/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	22/03/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	31/08/2007	Dutch	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 · 1 active · 19 ended

Active mandates

BARN Projects

Director · 0719.559.559

Represented by Brecht De Schamphelaere

Active

Ended mandates

FIMADEB

Director · since 03 mars 2021 · 0432.357.011

Represented by Peter De Brabandere

Ended

BARN Projects

Director · since 01 septembre 2020 · 0719.559.559

Represented by Brecht De Schamphelaere

Ended

DAVY LANNOO

Manager · since 10 décembre 2011

Ended

ML PROJECTEN

Manager · since 08 septembre 2009 · 0453.468.466

Represented by Maenhaut Wim

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/03/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2011
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 2025241,4 k €↑
2024
Annual accounts 2024137,7 k €↑
2023
Annual accounts 2023102,2 k €↓
2022
Annual accounts 2022142 k €↑
2021
Annual accounts 202135,9 k €↑
2020
Annual accounts 2020-57,3 k €↓
2018
Annual accounts 201851,2 k €↑
2017
Annual accounts 20174,7 k €↓
2016
Annual accounts 201692,8 k €↑
2015
Annual accounts 201574 k €↑
2014
Annual accounts 201466,6 k €↑
2013
Annual accounts 201362,7 k €↑
2012
Annual accounts 201231,5 k €↑
2011
Annual accounts 20112,9 k €↑
2010
Annual accounts 2010-81,3 k €↓
2009
Annual accounts 2009-16,2 k €↓
2008
Annual accounts 200812,5 k €↑
2007
Annual accounts 20078,4 k €↓
2007
Name changePaho
2006
Annual accounts 200620,9 k €
2006
Name changeAVAN CENTER
14/06/1995
IncorporationPrivate 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

PAHO

Overview

What does PAHO 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