ACTIVE

PANELITE

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Financial year 2025 · closed on 31/12/2025

Net result

12,6 M €

+8.1% YoY

Revenue

5,4 M €

+18.6% YoY

Equity

341,3 M €

+3.8% YoY

Workforce

25,0 ETP

+10.6% YoY

What does PANELITE do?

PANELITE is a Public limited company incorporated in 1998. Its registered office is in Wemmel. It employs on average 25,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.503.522

Incorporation

23/01/1998

Legal form

Public limited company

Registered office

Avenue du Champ de Blé 23
1780 Wemmel · FlandreSee on map

Contributed capital

271 409 492,23 €

Latest accounts

31/12/2025

Average workforce

25,0 ETP

Joint committees (8)

100
200
218
302
30200
332
333
33300

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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	5,4 M €	+18.6%	4,6 M €	-14.0%	5,3 M €	+0.8%	5,3 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	1,4 M €	-18.6%	1,8 M €	-37.3%	2,8 M €	-23.3%	3,7 M €	+105%	1,8 M €	+18.7%	1,5 M €	-32.0%	2,2 M €	+3.2%	2,2 M €	+9.4%	2 M €	+22.8%	1,6 M €	-12.2%	1,8 M €	-1.3%	1,9 M €	+2.2%	1,8 M €	-0.4%	1,8 M €	+13.7%	1,6 M €	+14.8%	1,4 M €	+23.0%	1,1 M €	+15.2%	982,3 k €	-9.3%	1,1 M €	+63.5%	662,1 k €
Operating result	-139,8 k €	-155%	252,1 k €	-80.9%	1,3 M €	-46.1%	2,4 M €	+292%	625,4 k €	+10.2%	567,7 k €	-38.0%	915,4 k €	-37.7%	1,5 M €	+7.8%	1,4 M €	+50.6%	904,2 k €	-11.2%	1 M €	+124%	455,1 k €	-64.7%	1,3 M €	-6.4%	1,4 M €	+21.3%	1,1 M €	+19.8%	948 k €	+82.9%	518,4 k €	+19.3%	434,4 k €	-35.2%	670,5 k €	+93.3%	347 k €
Net result	12,6 M €	+8.1%	11,6 M €	+16.9%	9,9 M €	+13.1%	8,8 M €	+33.9%	6,6 M €	-0.1%	6,6 M €	+15.2%	5,7 M €	+616%	795,6 k €	+61.8%	491,8 k €	+41.5%	347,5 k €	-24.9%	462,6 k €	+134%	197,5 k €	-79.7%	974,2 k €	-6.3%	1 M €	+25.7%	826,7 k €	+17.8%	701,9 k €	+27.7%	549,7 k €	+266%	150,1 k €	-63.4%	410 k €	+115%	190,7 k €
Balance sheet
Equity	341,3 M €	+3.8%	328,8 M €	+3.7%	317,1 M €	+3.2%	307,2 M €	+2.9%	298,4 M €	+2.2%	291,9 M €	+2.3%	285,3 M €	+1468%	18,2 M €	+4.6%	17,4 M €	+34.8%	12,9 M €	+2.8%	12,6 M €	+3.8%	12,1 M €	+1.7%	11,9 M €	+8.9%	10,9 M €	+10.5%	9,9 M €	+9.1%	9,1 M €	+8.4%	8,4 M €	+7.0%	7,8 M €	+194%	2,7 M €	+18.2%	2,2 M €
Total assets	374,3 M €	+4.3%	358,9 M €	+3.2%	347,9 M €	+3.9%	334,7 M €	+2.9%	325,4 M €	-0.6%	327,5 M €	+2.5%	319,6 M €	+626%	44 M €	+40.5%	31,3 M €	+15.0%	27,3 M €	+16.4%	23,4 M €	+5.8%	22,1 M €	+41.7%	15,6 M €	+16.5%	13,4 M €	-2.2%	13,7 M €	+0.5%	13,6 M €	+2.6%	13,3 M €	+8.5%	12,3 M €	+183%	4,3 M €	+12.1%	3,9 M €
Cash	701,6 k €	+352%	155,3 k €	-85.0%	1 M €	-81.4%	5,5 M €	+1343%	383,6 k €	-94.1%	6,5 M €	+1601%	382,9 k €	-11.8%	434,1 k €	-30.5%	624,8 k €	+30.3%	479,5 k €	+44.0%	332,9 k €	-15.4%	393,4 k €	+113%	185,1 k €	+23.7%	149,5 k €	-58.0%	355,8 k €	+287%	91,9 k €	-60.8%	234,6 k €	+147%	95,2 k €	-38.2%	154 k €	+150%	61,7 k €
Debts	32,9 M €	+9.6%	30 M €	-2.2%	30,7 M €	+11.8%	27,5 M €	+1.9%	27 M €	-24.3%	35,6 M €	+3.9%	34,3 M €	+33.1%	25,8 M €	+85.4%	13,9 M €	-2.9%	14,3 M €	+32.3%	10,8 M €	+8.3%	10 M €	+172%	3,7 M €	+50.5%	2,4 M €	-35.5%	3,8 M €	-16.6%	4,5 M €	-7.3%	4,9 M €	+9.9%	4,5 M €	+165%	1,7 M €	+3.5%	1,6 M €
Other
Workforce	25,0 ETP	+10.6%	22,6 ETP	+8.7%	20,8 ETP	+10.1%	18,9 ETP	+11.2%	17,0 ETP	-10.5%	19,0 ETP	-3.1%	19,6 ETP	+2.6%	19,1 ETP	+8.5%	17,6 ETP	+9.3%	16,1 ETP	+1.3%	15,9 ETP	+8.9%	14,6 ETP	+7.4%	13,6 ETP	-1.4%	13,8 ETP	+14.0%	12,1 ETP	-4.7%	12,7 ETP	+10.4%	11,5 ETP	+12.7%	10,2 ETP	+30.8%	7,8 ETP	+1.3%	7,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 24 ended

Active mandates

HANAKYN

Director · since 01 juin 2023 · until 15 mai 2029 · 0801.147.942

Represented by Kevin Van Belle

Active

ALCHAMCO

Director · since 08 avril 2021 · until 15 mai 2027 · 0766.656.524

Represented by Cédric Van Belle

Active

Eddy Van Belle

Managing director · since 08 avril 2021 · until 15 mai 2027

Active

Micheline André

Director · since 08 avril 2021 · until 15 mai 2027

Active

Ended mandates

ALCHAMCO

Director · since 13 avril 2021 · 0766.656.524

Represented by Cédric Van Belle

Ended

Eddy Van Belle

Managing director · since 08 avril 2021

Ended

Kevin Van Belle

Director · since 08 avril 2021

Ended

Micheline Andre

Director · since 08 avril 2021

Ended

At this address

Other companies at this address

Company	CBE no.
FINMAS● Active	0722.996.527
LADIME● Active	0781.964.015
Panelite Groep● Active	0727.463.178
P.V.V.D.● Active	0861.313.379
VERMAS● Active	0714.934.738

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full 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	12/06/2026	07/07/2025	11/06/2024	07/07/2023	19/08/2022	02/07/2021
General meeting	16/05/2026	07/06/2025	18/05/2024	10/06/2023	30/06/2022	05/06/2021
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
Full model	31/12/2025	16/05/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	07/06/2025	07/07/2025	Dutch	PDF
Full model	31/12/2023	18/05/2024	11/06/2024	Dutch	PDF
Full model	31/12/2022	10/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	19/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/05/2020	05/06/2020	Dutch	PDF
Abridged model	31/12/2018	18/05/2019	18/06/2019	Dutch	PDF
Abridged model	31/12/2017	19/05/2018	15/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/05/2017	16/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/05/2016	10/06/2016	Dutch	PDF
Abridged model	31/12/2014	16/05/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	17/05/2014	23/05/2014	Dutch	PDF
Abridged model	31/12/2012	18/05/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	31/05/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	05/06/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	15/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 4 active · 24 ended

Active mandates

HANAKYN

Director · since 01 juin 2023 · until 15 mai 2029 · 0801.147.942

Represented by Kevin Van Belle

Active

ALCHAMCO

Director · since 08 avril 2021 · until 15 mai 2027 · 0766.656.524

Represented by Cédric Van Belle

Active

Eddy Van Belle

Managing director · since 08 avril 2021 · until 15 mai 2027

Active

Micheline André

Director · since 08 avril 2021 · until 15 mai 2027

Active

Ended mandates

ALCHAMCO

Director · since 13 avril 2021 · 0766.656.524

Represented by Cédric Van Belle

Ended

Eddy Van Belle

Managing director · since 08 avril 2021

Ended

Kevin Van Belle

Director · since 08 avril 2021

Ended

Micheline Andre

Director · since 08 avril 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/07/2019
KAPITAAL - AANDELEN
PDF
Capital / shares10/01/2018
KAPITAAL - AANDELEN
PDF
Mandates26/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2009
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/01/2009
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 202512,6 M €↑
2024
Annual accounts 202411,6 M €↑
2023
Annual accounts 20239,9 M €↑
01/06/2023
nominationHANAKYN — bestuurder
2022
Annual accounts 20228,8 M €↑
2021
Annual accounts 20216,6 M €↓
2020
Annual accounts 20206,6 M €↑
2019
Annual accounts 20195,7 M €↑
2018
Annual accounts 2018795,6 k €↑
2017
Annual accounts 2017491,8 k €↑
2016
Annual accounts 2016347,5 k €↓
2015
Annual accounts 2015462,6 k €↑
2014
Annual accounts 2014197,5 k €↓
2013
Annual accounts 2013974,2 k €↓
2012
Annual accounts 20121 M €↑
2011
Annual accounts 2011826,7 k €↑
2010
Annual accounts 2010701,9 k €↑
2009
Annual accounts 2009549,7 k €↑
2008
Annual accounts 2008150,1 k €↓
2007
Annual accounts 2007410 k €↑
2006
Annual accounts 2006190,7 k €
23/01/1998
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

PANELITE

Overview

What does PANELITE 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