ACTIVE

PEGASON

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Financial year 2025 · closed on 31/12/2025

Net result

-905,4 k €

-170.3% YoY

Gross margin

-237,9 k €

-112.4% YoY

Equity

9,6 M €

-8.6% YoY

What does PEGASON do?

PEGASON is a Private company with limited liability incorporated in 2000. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.652.285

Incorporation

29/12/2000

Legal form

Private company with limited liability

Registered office

Avenue Marnix 23
1000 Bruxelles · BruxellesSee on map

Contributed capital

10 474 760,33 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2011		2010		2009		2008		2007
Income statement
Gross margin	-237,9 k €	-112%	1,9 M €	+104%	945,2 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-342,2 k €	-119%	1,8 M €	+115%	848 k €	+16.3%	729,3 k €	+31.0%	556,9 k €	-29.9%	795 k €	+27.4%	624,2 k €	+329%	-272,1 k €	-109%	3,2 M €	-11.0%	3,6 M €	+945%	-425,2 k €	-182%	518,8 k €	-63.6%	1,4 M €	+13.0%	1,3 M €	+4.4%	1,2 M €	+1.0%	1,2 M €	+3.7%	1,2 M €
Operating result	-936,5 k €	-175%	1,3 M €	+348%	279,6 k €	+70.8%	163,7 k €	+1594%	-11 k €	-105%	226,6 k €	+352%	50,1 k €	+106%	-839,4 k €	-131%	2,7 M €	-16.4%	3,2 M €	+496%	-806,8 k €	-688%	137,1 k €	-86.9%	1 M €	+18.7%	879,8 k €	+6.4%	826,8 k €	+1.4%	815,1 k €	+5.5%	772,4 k €
Net result	-905,4 k €	-170%	1,3 M €	+262%	356,4 k €	+193%	121,8 k €	+12171%	-1 k €	-100%	208 k €	+135%	-595,7 k €	+66.3%	-1,8 M €	-218%	1,5 M €	-49.8%	3 M €	+436%	-887,1 k €	-947%	104,7 k €	-72.1%	375,4 k €	+47.0%	255,4 k €	+26.9%	201,3 k €	+16.5%	172,8 k €	-0.4%	173,4 k €
Balance sheet
Equity	9,6 M €	-8.6%	10,5 M €	-27.6%	14,5 M €	-0.8%	14,6 M €	+0.8%	14,5 M €	-0.0%	14,5 M €	0.0%	14,5 M €	+865%	1,5 M €	-54.0%	3,3 M €	+84.1%	1,8 M €	+248%	-1,2 M €	-281%	-315,2 k €	-126%	1,2 M €	+98.6%	616,2 k €	+70.8%	360,8 k €	+126%	159,6 k €	+1309%	-13,2 k €
Total assets	10 M €	-16.9%	12 M €	-21.9%	15,3 M €	+2.3%	15 M €	+1.0%	14,8 M €	-1.6%	15,1 M €	-3.3%	15,6 M €	-9.4%	17,2 M €	+1.6%	17 M €	+78.4%	9,5 M €	+430%	1,8 M €	+23.8%	1,4 M €	-84.5%	9,3 M €	-0.5%	9,4 M €	-4.6%	9,8 M €	-2.9%	10,1 M €	-3.6%	10,5 M €
Cash	105,6 k €	-59.1%	258,5 k €	-31.3%	376,4 k €	-53.1%	802,4 k €	-71.7%	2,8 M €	+25.1%	2,3 M €	+9.0%	2,1 M €	+2094%	94,7 k €	-83.6%	578,9 k €	-57.6%	1,4 M €	+610%	192,4 k €	+190%	66,2 k €	-20.0%	82,8 k €	+383%	17,1 k €	-29.6%	24,3 k €	+935%	2,4 k €	-77.7%	10,6 k €
Debts	79,6 k €	-93.9%	1,3 M €	+164%	494,7 k €	+1044%	43,3 k €	+5.1%	41,2 k €	-85.3%	280,9 k €	-65.0%	803,1 k €	-94.9%	15,7 M €	+14.7%	13,7 M €	+77.1%	7,7 M €	+162%	2,9 M €	+69.4%	1,7 M €	-78.5%	8,1 M €	-7.4%	8,7 M €	-7.5%	9,5 M €	-5.0%	10 M €	-5.1%	10,5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 53 ended

Active mandates

Christophe Eric Peter Tans

Director · since 10 avril 2025 · until 18 mai 2028

Active

Irène Florescu

Director · since 10 avril 2025 · until 18 mai 2028

Active

João Nuno Dos Santos Silva Madeira De Andrade

Director · since 10 avril 2025 · until 18 mai 2028

Active

Miguel José França De Santana

Director · since 10 avril 2025 · until 18 mai 2028

Active

Pauline Meganck

Director · since 10 avril 2025 · until 18 mai 2028

Active

Ended mandates

Pauline Meganck

Director · since 18 avril 2023 · until 10 avril 2025

Ended

Miguel José França De Santana

Director · since 02 août 2019 · until 10 avril 2025

Ended

Miguel José França De Santana

Director · since 02 août 2019 · until 15 mai 2025

Ended

Miguel José FRANÇA DE SANTANA

Director · since 02 août 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	Full model	Full model	Full 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	10/04/2026	05/05/2025	16/05/2024	16/05/2023	03/05/2022	23/04/2021
General meeting	09/04/2026	10/04/2025	22/04/2024	18/04/2023	31/03/2022	25/03/2021
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	09/04/2026	10/04/2026	French	PDF
Abridged model	31/12/2024	10/04/2025	05/05/2025	French	PDF
Abridged model	31/12/2023	22/04/2024	16/05/2024	French	PDF
Full model	31/12/2022	18/04/2023	16/05/2023	French	PDF
Full model	31/12/2021	31/03/2022	03/05/2022	French	PDF
Full model	31/12/2020	25/03/2021	23/04/2021	French	PDF
Full model	31/12/2019	26/03/2020	16/04/2020	French	PDF
Full model	31/12/2018	26/06/2019	01/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	23/07/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	26/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	22/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	19/08/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	04/07/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	20/08/2013	Dutch	PDF
Full model	31/12/2011	16/04/2012	08/05/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	04/06/2010	08/07/2010	Dutch	PDF
Full model	31/12/2008	14/04/2009	16/06/2009	Dutch	PDF
Full model	31/12/2007	08/04/2008	07/08/2008	Dutch	PDF
Full model	31/12/2006	10/04/2007	23/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 5 active · 53 ended

Active mandates

Christophe Eric Peter Tans

Director · since 10 avril 2025 · until 18 mai 2028

Active

Irène Florescu

Director · since 10 avril 2025 · until 18 mai 2028

Active

João Nuno Dos Santos Silva Madeira De Andrade

Director · since 10 avril 2025 · until 18 mai 2028

Active

Miguel José França De Santana

Director · since 10 avril 2025 · until 18 mai 2028

Active

Pauline Meganck

Director · since 10 avril 2025 · until 18 mai 2028

Active

Ended mandates

Pauline Meganck

Director · since 18 avril 2023 · until 10 avril 2025

Ended

Miguel José França De Santana

Director · since 02 août 2019 · until 10 avril 2025

Ended

Miguel José França De Santana

Director · since 02 août 2019 · until 15 mai 2025

Ended

Miguel José FRANÇA DE SANTANA

Director · since 02 août 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office13/06/2023
ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates12/05/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates11/05/2020
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates07/11/2019
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates23/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/06/2019
SIEGE SOCIAL
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 2025-905,4 k €↓
2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 2023356,4 k €↑
2022
Annual accounts 2022121,8 k €↑
2021
Annual accounts 2021-1 k €↓
2020
Annual accounts 2020208 k €↑
2019
Annual accounts 2019-595,7 k €↑
2018
Annual accounts 2018-1,8 M €↓
2017
Annual accounts 20171,5 M €↓
2016
Annual accounts 20163 M €↑
2015
Annual accounts 2015-887,1 k €↓
2014
Annual accounts 2014104,7 k €↓
2011
Annual accounts 2011375,4 k €↑
2010
Annual accounts 2010255,4 k €↑
2009
Annual accounts 2009201,3 k €↑
2008
Annual accounts 2008172,8 k €↓
2007
Annual accounts 2007173,4 k €
29/12/2000
IncorporationPrivate company with limited liability

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

PEGASON

Overview

What does PEGASON do?

Trend over 17 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