ACTIVE

PNEUMOCARE

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Financial year 2025 · closed on 30/06/2025

Net result

452,8 k €

-15.2% YoY

Gross margin

732 k €

-12.9% YoY

Equity

2,3 M €

+14.7% YoY

Workforce

1,0 ETP

-9.1% YoY

What does PNEUMOCARE do?

PNEUMOCARE is a Private limited company incorporated in 1998. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Gesves. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.380.984

Incorporation

07/01/1998

Legal form

Private limited company

Registered office

Fond du Hainaut 20
5340 Gesves · WallonieSee on map

Contributed capital

12 405,32 €

Latest accounts

30/06/2025

Average workforce

1,0 ETP

Activities (NACE)

72101Research and experimental development on natural sciences and engineering· main 72110Research and experimental development on biotechnology 85120Pre-primary education 86220Specialist medical practice activities 86220Specialist medical practice activities 86909Other human health activities+1

Joint committees (2)

30502
330

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		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	732 k €	-12.9%	840,8 k €	+15.1%	730,7 k €	-7.4%	789,2 k €	+16.1%	680 k €	+94.2%	350,1 k €	-22.4%	451,1 k €	+61.8%	278,9 k €	-38.0%	450,1 k €	+29.1%	348,6 k €	+1.4%	343,8 k €	+47.4%	233,2 k €	-36.1%	364,9 k €	+116%	168,8 k €	-33.0%	252 k €	+67.5%	150,4 k €	-43.9%	268 k €	+9.2%	245,5 k €	-12.5%	280,4 k €
EBITDA	669 k €	-13.6%	773,9 k €	+33.1%	581,5 k €	-10.1%	646,8 k €	+19.0%	543,6 k €	+126%	240,1 k €	-19.0%	296,4 k €	+103%	145,9 k €	-56.9%	338,9 k €	+29.6%	261,5 k €	-4.6%	274,2 k €	+57.2%	174,4 k €	-43.9%	310,9 k €	+130%	135 k €	-41.8%	232 k €	+75.9%	131,9 k €	-46.0%	244,4 k €	+2.2%	239,1 k €	-13.9%	277,6 k €
Operating result	635,2 k €	-12.8%	728,7 k €	+41.3%	515,8 k €	-8.6%	564,2 k €	+22.4%	460,8 k €	+206%	150,5 k €	-22.3%	193,8 k €	+240%	57 k €	-75.6%	233,1 k €	+25.1%	186,4 k €	-12.9%	214,1 k €	+32.4%	161,6 k €	-46.7%	303 k €	+175%	110,3 k €	-45.5%	202,3 k €	+113%	94,8 k €	-53.4%	203,5 k €	+16.1%	175,4 k €	-12.1%	199,5 k €
Net result	452,8 k €	-15.2%	534,3 k €	+49.0%	358,4 k €	-6.9%	385 k €	+22.9%	313,2 k €	+349%	69,8 k €	-53.8%	151,1 k €	+410%	29,6 k €	-78.6%	138,6 k €	+22.0%	113,5 k €	-14.1%	132,2 k €	+20.7%	109,5 k €	-45.5%	201,1 k €	+161%	77,2 k €	-45.6%	142 k €	+89.0%	75,1 k €	-45.4%	137,5 k €	+6.6%	129,1 k €	-5.3%	136,3 k €
Balance sheet
Equity	2,3 M €	+14.7%	2 M €	+32.7%	1,5 M €	+16.7%	1,3 M €	+12.6%	1,2 M €	+36.4%	859,6 k €	-0.8%	866,3 k €	+21.1%	715,2 k €	+4.3%	685,6 k €	+25.3%	547 k €	+26.2%	433,5 k €	+43.9%	301,3 k €	+0.0%	301,3 k €	+201%	100,1 k €	+336%	22,9 k €	-92.6%	310,9 k €	+31.9%	235,8 k €	-5.0%	248,3 k €	-22.2%	319,3 k €
Total assets	2,9 M €	+20.6%	2,4 M €	+42.3%	1,7 M €	+10.4%	1,5 M €	-6.8%	1,6 M €	+34.9%	1,2 M €	-10.4%	1,3 M €	+2.4%	1,3 M €	-13.1%	1,5 M €	+56.5%	969,7 k €	+5.9%	915,9 k €	+41.5%	647,4 k €	+28.6%	503,5 k €	+42.8%	352,6 k €	-37.3%	562,1 k €	+34.0%	419,3 k €	-12.2%	477,7 k €	-12.9%	548,3 k €	+36.2%	402,7 k €
Cash	209,8 k €	+80.7%	116,1 k €	+35.8%	85,5 k €	-86.9%	653,2 k €	+21.8%	536,3 k €	+246%	155,1 k €	+56.5%	99,1 k €	+99.2%	49,8 k €	-64.4%	139,9 k €	+130%	60,8 k €	+46.5%	41,5 k €	-63.3%	113 k €	-51.8%	234,5 k €	+1857%	12 k €	-83.5%	72,6 k €	+48.4%	48,9 k €	+51.0%	32,4 k €	-33.0%	48,4 k €	-54.5%	106,4 k €
Debts	532,8 k €	+55.6%	342,5 k €	+150%	136,8 k €	-31.1%	198,5 k €	-42.7%	346,1 k €	+27.8%	270,8 k €	-22.3%	348,5 k €	-28.5%	487,5 k €	-33.1%	728,8 k €	+124%	325,4 k €	-11.4%	367,1 k €	+49.1%	246,3 k €	+407%	48,6 k €	-65.5%	141 k €	-68.4%	446,5 k €	+1952%	21,8 k €	-87.2%	170,6 k €	-26.9%	233,4 k €	+416%	45,2 k €
Other
Workforce	1,0 ETP	-9.1%	1,1 ETP	-59.3%	2,7 ETP	-27.0%	3,7 ETP	-21.3%	4,7 ETP	+51.6%	3,1 ETP	-31.1%	4,5 ETP	-30.8%	6,5 ETP	+124%	2,9 ETP	+81.2%	1,6 ETP	+45.5%	1,1 ETP	0.0%	1,1 ETP	+10.0%	1,0 ETP	+25.0%	0,8 ETP	+33.3%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	+200%	0,2 ETP	+100%	0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

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

Active mandates

Jean Benoît MARTINOT

Director

Active

Ended mandates

Jean Benoît MARTINOT

Manager

Ended

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	01/07/2024	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	19/12/2025	16/12/2024	18/12/2023	30/11/2022	15/12/2021	03/12/2020
General meeting	28/11/2025	29/11/2024	24/11/2023	25/11/2022	26/11/2021	27/11/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	28/11/2025	19/12/2025	French	PDF
Abridged model	30/06/2024	29/11/2024	16/12/2024	French	PDF
Abridged model	30/06/2023	24/11/2023	18/12/2023	French	PDF
Abridged model	30/06/2022	25/11/2022	30/11/2022	French	PDF
Abridged model	30/06/2021	26/11/2021	15/12/2021	French	PDF
Abridged model	30/06/2020	27/11/2020	03/12/2020	French	PDF
Abridged model	30/06/2019	29/11/2019	17/12/2019	French	PDF
Abridged model	30/06/2018	28/12/2018	08/01/2019	French	PDF
Abridged model	30/06/2017	29/12/2017	22/01/2018	French	PDF
Abridged model	30/06/2016	30/12/2016	17/01/2017	French	PDF
Abridged model	30/06/2015	28/12/2015	15/01/2016	French	PDF
Abridged model	30/06/2014	26/12/2014	07/01/2015	French	PDF
Abridged model	30/06/2013	27/12/2013	06/01/2014	French	PDF
Abridged model	30/06/2012	28/12/2012	08/01/2013	French	PDF
Abridged model	30/06/2011	15/12/2011	26/12/2011	French	PDF
Abridged model	30/06/2010	31/12/2010	06/01/2011	French	PDF
Abridged model	30/06/2009	28/12/2009	11/01/2010	French	PDF
Abridged model	30/06/2008	26/12/2008	10/01/2009	French	PDF
Abridged model	30/06/2007	28/12/2007	02/01/2008	French	PDF
Abridged model	30/06/2006	29/12/2006	11/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 ended

Active mandates

Jean Benoît MARTINOT

Director

Active

Ended mandates

Jean Benoît MARTINOT

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/01/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares02/06/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/01/2008
DEMISSIONS, NOMINATIONS
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 2025452,8 k €↓
2024
Annual accounts 2024534,3 k €↑
2023
Annual accounts 2023358,4 k €↓
2022
Annual accounts 2022385 k €↑
2021
Annual accounts 2021313,2 k €↑
2020
Annual accounts 202069,8 k €↓
2019
Annual accounts 2019151,1 k €↑
2018
Annual accounts 201829,6 k €↓
2017
Annual accounts 2017138,6 k €↑
2016
Annual accounts 2016113,5 k €↓
2015
Annual accounts 2015132,2 k €↑
2014
Annual accounts 2014109,5 k €↓
2013
Annual accounts 2013201,1 k €↑
2012
Annual accounts 201277,2 k €↓
2011
Annual accounts 2011142 k €↑
2010
Annual accounts 201075,1 k €↓
2009
Annual accounts 2009137,5 k €↑
2008
Annual accounts 2008129,1 k €↓
2007
Annual accounts 2007136,3 k €
07/01/1998
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

PNEUMOCARE

Overview

What does PNEUMOCARE do?

Trend over 19 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