ACTIVE

PNO Innovation

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Financial year 2025 · Closed on 31/12/2025

Net result287 k €+103,1 %over 1 year

Revenue2,3 M €+7,6 %over 1 year

Equity1,2 M €-48,5 %over 1 year

Workforce17,9 ETP-2,2 %over 1 year

Identity

Source · BCE/KBO

PNO Innovation is a Public limited company incorporated in 2000. Its registered office is in Zaventem. It employs on average 17,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0471.382.683
Incorporation: 07/03/2000
Legal form: Public limited company
Registered office: Excelsiorlaan 51
1930 Zaventem · FlandreSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025
Average workforce: 17,9 ETP

Joint committees (4)

100
10000
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2,3 M €	+7.6%	2,2 M €		–		–		–
EBITDA	304,4 k €	+69.2%	179,9 k €	-43.9%	320,4 k €	-49.6%	635,8 k €	+69.9%	374,3 k €
Operating result	347,9 k €	+97.1%	176,6 k €	-42.3%	305,9 k €	-51.7%	634 k €	+79.1%	354 k €
Net result	287 k €	+103%	141,3 k €	-35.3%	218,4 k €	-50.6%	441,9 k €	+84.5%	239,6 k €
Balance sheet
Equity	1,2 M €	-48.5%	2,3 M €	+6.6%	2,2 M €	+11.3%	1,9 M €	+29.6%	1,5 M €
Total assets	2,4 M €	-38.1%	3,9 M €	+16.8%	3,3 M €	-0.5%	3,3 M €	-3.5%	3,5 M €
Cash	601,9 k €	-30.8%	869,5 k €	+125%	386,3 k €	-78.1%	1,8 M €	+3.1%	1,7 M €
Debts	505,1 k €	-36.5%	795,3 k €	+45.7%	545,8 k €	-1.6%	554,8 k €	-57.4%	1,3 M €
Other
Workforce	17,9 ETP	-2.2%	18,3 ETP	+8.9%	16,8 ETP	-0.6%	16,9 ETP	-0.6%	17,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 33 ended

Active mandates

PNO GROUP HOLDING B.V.

Director · since 29 décembre 2022

Represented by Paolo Salvatore

Active

Ended mandates

PNO Group Holding B.V.

Director · since 29 décembre 2022

Represented by Salvatore PAOLO

Ended

Désirée Heijster

Director · since 28 juin 2021 · until 28 juin 2027

Ended

Marcel Kniest

Director · since 28 juin 2021 · until 28 juin 2027

Ended

Paolo Salvatore

Director · since 28 juin 2021 · until 28 juin 2027

Ended

Other companies at this address

Excelsiorlaan 51 1930 Zaventem

Company	CBE no.
ENERGY AND TECHNICAL MANAGEMENT BELGIUM● Active	0534.640.145

Full financial information

Source · NBB

	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	30/06/2026	15/07/2025	26/06/2024	27/06/2023	14/06/2022	27/07/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/05/2022	28/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	15/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	27/07/2020	22/10/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	17/07/2018	Dutch	PDF
Full model	31/12/2016	10/06/2018	10/07/2018	Dutch	PDF
Full model	31/12/2015	28/09/2016	04/10/2016	Dutch	PDF
Full model	31/12/2014	29/06/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	24/06/2013	29/08/2013	French	PDF
Full model	31/12/2011	25/06/2012	29/08/2012	Dutch	PDF
Full model	31/12/2010	27/06/2011	07/07/2011	Dutch	PDF
Full model	31/12/2009	28/06/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	23/06/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	04/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 33 ended

Active mandates

PNO GROUP HOLDING B.V.

Director · since 29 décembre 2022

Represented by Paolo Salvatore

Active

Ended mandates

PNO Group Holding B.V.

Director · since 29 décembre 2022

Represented by Salvatore PAOLO

Ended

Désirée Heijster

Director · since 28 juin 2021 · until 28 juin 2027

Ended

Marcel Kniest

Director · since 28 juin 2021 · until 28 juin 2027

Ended

Paolo Salvatore

Director · since 28 juin 2021 · until 28 juin 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring27/02/2020
BENAMING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring27/11/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates18/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2018
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025287 k €↑
2024
Annual accounts 2024141,3 k €↓
2023
Annual accounts 2023218,4 k €↓
2022
Annual accounts 2022441,9 k €↑
2021
Annual accounts 2021239,6 k €↑
2019
Annual accounts 201935,8 k €↓
2019
Name changePNO Innovation
2018
Annual accounts 2018127,5 k €↑
2017
Annual accounts 2017123,5 k €↓
2016
Annual accounts 2016228,7 k €↑
2015
Annual accounts 2015197,6 k €↑
2014
Annual accounts 2014137,4 k €↓
2013
Annual accounts 2013153,9 k €↓
2012
Annual accounts 2012612,7 k €↑
2011
Annual accounts 2011-61 k €↑
2010
Annual accounts 2010-535,6 k €↓
2009
Annual accounts 2009147,8 k €↑
2008
Annual accounts 200885,1 k €↓
2007
Annual accounts 2007307,1 k €↑
2006
Annual accounts 2006151,6 k €
2006
Name changePNO CONSULTANTS
07/03/2000
IncorporationPublic limited company

PNO Innovation

Overview

Identity

Financials

Valuation

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

Timeline