ACTIVE

PIGMENT

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Financial year 2025 · closed on 31/12/2025

Net result

143,2 k €

+170.4% YoY

Gross margin

568,2 k €

+68.3% YoY

Equity

199,4 k €

+255.0% YoY

Workforce

7,3 ETP

0.0% YoY

What does PIGMENT do?

PIGMENT is a Private limited company incorporated in 2001. Its main activity is: Painting and glazing. Its registered office is in Zottegem. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.911.197

Incorporation

22/10/2001

Legal form

Private limited company

Registered office

Meengracht 12
9620 Zottegem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

7,3 ETP

Activities (NACE)

43341Painting and glazing· main 43341Painting and glazing 45441Sale, maintenance and repair of motorcycles and related parts and accessories 43332Floor and wall covering 43332Floor and wall covering 43333Floor and wall covering+3

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Gross margin	568,2 k €	+68.3%	337,5 k €	-46.3%	629,1 k €	-22.6%	812,8 k €	+19.9%	677,9 k €	+11.2%	609,5 k €	-13.8%	707 k €	-0.2%	708,2 k €	+5.9%	668,6 k €	+1.3%	660,3 k €	+9.0%	605,5 k €	+30.5%	464 k €	+0.9%	460 k €	+0.6%	457,3 k €	+24.2%	368,1 k €	-3.8%	382,7 k €	+52.8%	250,4 k €	+13.1%	221,4 k €	+29.3%	171,2 k €	+3.9%	164,8 k €
EBITDA	228,9 k €	+342%	-94,7 k €	-178%	122 k €	-15.1%	143,7 k €	-1.0%	145,1 k €	+5.4%	137,7 k €	+1.1%	136,1 k €	-7.5%	147,2 k €	-8.9%	161,5 k €	-14.1%	188,1 k €	+30.5%	144,1 k €	+43.2%	100,6 k €	+23.9%	81,2 k €	-22.8%	105,2 k €	+29.4%	81,3 k €	-9.8%	90,2 k €	+1.2%	89,1 k €	+87.1%	47,6 k €	-24.6%	63,2 k €	+13.2%	55,8 k €
Operating result	173,4 k €	+209%	-159,6 k €	-425%	49,1 k €	-8.5%	53,7 k €	-10.9%	60,3 k €	-5.8%	64 k €	+21.1%	52,8 k €	-16.0%	62,8 k €	-26.2%	85,2 k €	+1.3%	84,1 k €	+74.7%	48,2 k €	+63.6%	29,4 k €	+91.3%	15,4 k €	-32.0%	22,6 k €	+17.7%	19,2 k €	-35.9%	30 k €	+8.5%	27,7 k €	+64.3%	16,8 k €	+25.5%	13,4 k €	-49.4%	26,5 k €
Net result	143,2 k €	+170%	-203,5 k €	-6093%	3,4 k €	-78.1%	15,5 k €	-34.9%	23,8 k €	-2.5%	24,4 k €	+20.7%	20,2 k €	-25.6%	27,1 k €	-31.6%	39,7 k €	-24.6%	52,6 k €	+171%	19,4 k €	+753%	2,3 k €	+3154%	70 €	+106%	-1,3 k €	-200%	1,3 k €	-89.3%	11,9 k €	+88.9%	6,3 k €	+395%	1,3 k €	-94.0%	21,3 k €	+148%	8,6 k €
Balance sheet
Equity	199,4 k €	+255%	56,2 k €	-78.4%	259,7 k €	+1.3%	256,3 k €	+6.4%	240,8 k €	+11.0%	217 k €	-13.2%	250 k €	+8.8%	229,8 k €	+12.5%	204,3 k €	+24.1%	164,6 k €	+47.0%	111,9 k €	+21.0%	92,5 k €	+181%	32,9 k €	-65.9%	96,5 k €	-1.3%	97,8 k €	+1.3%	96,5 k €	+14.0%	84,6 k €	+8.0%	78,4 k €	+0.6%	77,9 k €	+37.5%	56,6 k €
Total assets	647,2 k €	-39.6%	1,1 M €	-31.6%	1,6 M €	-15.5%	1,9 M €	+11.8%	1,7 M €	+9.6%	1,5 M €	-1.2%	1,5 M €	+2.9%	1,5 M €	+17.9%	1,3 M €	+23.2%	1 M €	+36.2%	752,5 k €	+56.0%	482,2 k €	+1.1%	477 k €	-12.7%	546,4 k €	+12.2%	487 k €	+0.1%	486,3 k €	+6.5%	456,7 k €	+69.4%	269,6 k €	-7.2%	290,5 k €	+104%	142,3 k €
Cash	45,2 k €	-60.7%	115,1 k €	+140%	48 k €	-36.8%	75,9 k €	-57.5%	178,6 k €	+53.1%	116,7 k €	-43.5%	206,6 k €	+373%	43,7 k €	-60.3%	109,9 k €	+74.8%	62,9 k €	-48.3%	121,7 k €	+11.7%	109 k €	+56.3%	69,7 k €	-1.2%	70,6 k €	+114%	33 k €	+742%	3,9 k €	-91.4%	45,5 k €	+24.1%	36,6 k €	+10.4%	33,2 k €	-9.1%	36,5 k €
Debts	447,7 k €	-55.9%	1 M €	-22.3%	1,3 M €	-18.2%	1,6 M €	+12.6%	1,4 M €	+9.4%	1,3 M €	+1.2%	1,3 M €	+1.8%	1,3 M €	+18.9%	1,1 M €	+23.0%	860,3 k €	+34.3%	640,6 k €	+64.6%	389,2 k €	-12.1%	442,9 k €	-0.2%	443,7 k €	+16.3%	381,5 k €	-1.3%	386,5 k €	+3.9%	372 k €	+94.5%	191,3 k €	-10.0%	212,4 k €	+148%	85,7 k €
Other
Workforce	7,3 ETP	0.0%	7,3 ETP	-16.1%	8,7 ETP	-26.9%	11,9 ETP	+13.3%	10,5 ETP	+15.4%	9,1 ETP	-9.0%	10,0 ETP	-1.0%	10,1 ETP	+5.2%	9,6 ETP	+3.2%	9,3 ETP	-2.1%	9,5 ETP	+4.4%	9,1 ETP	+5.8%	8,6 ETP	+10.3%	7,8 ETP	+4.0%	7,5 ETP	+23.0%	6,1 ETP	+41.9%	4,3 ETP	+2.4%	4,2 ETP	+31.3%	3,2 ETP	+18.5%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Joost Vermassen

Director

Active

Ended mandates

VAN DEN ABBEELE-VERTONGEN

Manager · since 30 septembre 2016 · 0663.629.260

Ended

Stijn Van Den Abbeele

Administrator - manager · since 01 avril 2011 · until 30 septembre 2016

Ended

STIJN VAN DEN ABBEELE

Manager · since 01 avril 2011

Ended

JOOST VERMASSEN

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	01/01/2025	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	31/10/2025	29/08/2024	31/08/2023	31/08/2022	16/07/2021
General meeting	31/07/2026	06/10/2025	27/08/2024	30/08/2023	30/08/2022	18/06/2021
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	31/07/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	06/10/2025	31/10/2025	Dutch	PDF
Abridged model	31/12/2023	27/08/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/08/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	31/07/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/08/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	14/08/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/08/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/07/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/07/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/07/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	31/07/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/07/2007	24/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 9 ended

Active mandates

Joost Vermassen

Director

Active

Ended mandates

VAN DEN ABBEELE-VERTONGEN

Manager · since 30 septembre 2016 · 0663.629.260

Ended

Stijn Van Den Abbeele

Administrator - manager · since 01 avril 2011 · until 30 septembre 2016

Ended

STIJN VAN DEN ABBEELE

Manager · since 01 avril 2011

Ended

JOOST VERMASSEN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/06/2024
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring30/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates17/11/2020
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/04/2014
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2006
BOEKJAAR - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - 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 2025143,2 k €↑
2024
Annual accounts 2024-203,5 k €↓
2023
Annual accounts 20233,4 k €↓
2022
Annual accounts 202215,5 k €↓
2021
Annual accounts 202123,8 k €↓
2020
Annual accounts 202024,4 k €↑
2019
Annual accounts 201920,2 k €↓
2018
Annual accounts 201827,1 k €↓
2017
Annual accounts 201739,7 k €↓
2016
Annual accounts 201652,6 k €↑
2015
Annual accounts 201519,4 k €↑
2014
Annual accounts 20142,3 k €↑
2013
Annual accounts 201370 €↑
2012
Annual accounts 2012-1,3 k €↓
2011
Annual accounts 20111,3 k €↓
2010
Annual accounts 201011,9 k €↑
2009
Annual accounts 20096,3 k €↑
2008
Annual accounts 20081,3 k €↓
2007
Annual accounts 200721,3 k €↑
2006
Annual accounts 20068,6 k €
22/10/2001
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

PIGMENT

Overview

What does PIGMENT do?

Trend over 20 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