ACTIVE

PENNINCK

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Financial year 2025 · closed on 31/12/2025

Net result

2,4 M €

-13.0% YoY

Revenue

400 k €

0.0% YoY

Equity

36,7 M €

+6.9% YoY

What does PENNINCK do?

PENNINCK is a Public limited company incorporated in 2002. Its main activity is: Activities of holding companies. Its registered office is in Roeselare.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.580.301

Incorporation

08/01/2002

Legal form

Public limited company

Registered office

Rumbeeksegravier 110
8800 Roeselare · FlandreSee on map

Contributed capital

11 220 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	400 k €	0.0%	400 k €	0.0%	400 k €	0.0%	400 k €	0.0%	400 k €	0.0%	400 k €	0.0%	400 k €	0.0%	400 k €	0.0%	400 k €	0.0%	400 k €	+14.3%	350 k €	0.0%	350 k €	0.0%	350 k €	0.0%	350 k €	+32.1%	265 k €	0.0%	265 k €	0.0%	265 k €	0.0%	265 k €	0.0%	265 k €	0.0%	265 k €
EBITDA	206 k €	-1.6%	209,3 k €	-0.5%	210,3 k €	+5.5%	199,4 k €	+3.1%	193,3 k €	-3.1%	199,6 k €	+2.3%	195,1 k €	+37.6%	141,7 k €	-24.3%	187,2 k €	+13.4%	165,1 k €	+21.3%	136,1 k €	+37.0%	99,3 k €	-32.9%	148,1 k €	+2.3%	144,8 k €	+183%	51,2 k €	-12.8%	58,8 k €	-6.6%	63 k €	-22.6%	81,4 k €	-22.1%	104,5 k €	+1.8%	102,6 k €
Operating result	197,8 k €	-1.7%	201,2 k €	-4.2%	210 k €	+5.3%	199,4 k €	+3.1%	193,3 k €	-3.1%	199,6 k €	+2.3%	195,1 k €	+37.6%	141,7 k €	-24.3%	187,2 k €	+16.6%	160,6 k €	+30.0%	123,5 k €	+42.4%	86,8 k €	-36.0%	135,5 k €	+2.5%	132,2 k €	+206%	43,2 k €	-22.9%	56,1 k €	+1.3%	55,4 k €	-21.1%	70,2 k €	-19.8%	87,5 k €	+2.1%	85,7 k €
Net result	2,4 M €	-13.0%	2,7 M €	+673%	354 k €	-33.4%	531,1 k €	-65.2%	1,5 M €	+2.6%	1,5 M €	-66.7%	4,5 M €	+159%	1,7 M €	+53.7%	1,1 M €	+24.7%	898,3 k €	+11.7%	804,3 k €	-68.6%	2,6 M €	+53.1%	1,7 M €	+23.7%	1,4 M €	+6.0%	1,3 M €	-17.7%	1,6 M €	-15.9%	1,8 M €	-27.1%	2,5 M €	+26.6%	2 M €	-36.7%	3,2 M €
Balance sheet
Equity	36,7 M €	+6.9%	34,3 M €	+8.7%	31,5 M €	+1.1%	31,2 M €	+1.7%	30,7 M €	-23.1%	39,8 M €	+3.9%	38,3 M €	+13.2%	33,9 M €	+5.4%	32,2 M €	+3.6%	31 M €	+3.0%	30,1 M €	+2.7%	29,3 M €	+9.6%	26,8 M €	+1.8%	26,3 M €	+5.4%	24,9 M €	-15.9%	29,7 M €	+5.5%	28,1 M €	+7.0%	26,3 M €	+10.7%	23,7 M €	+9.2%	21,7 M €
Total assets	36,7 M €	+5.5%	34,8 M €	+8.5%	32,1 M €	+1.1%	31,7 M €	-24.3%	41,9 M €	+3.8%	40,4 M €	+3.7%	39 M €	+11.9%	34,8 M €	-1.9%	35,5 M €	+2.2%	34,7 M €	+1.0%	34,4 M €	+2.4%	33,6 M €	+8.3%	31 M €	-1.1%	31,4 M €	+1.3%	31 M €	+4.3%	29,7 M €	+5.5%	28,1 M €	+7.0%	26,3 M €	+10.5%	23,8 M €	+9.2%	21,8 M €
Cash	2,1 M €	-23.7%	2,7 M €	-60.7%	7 M €	-35.5%	10,8 M €	-51.8%	22,5 M €	+17.8%	19,1 M €	+34.4%	14,2 M €	-1.1%	14,4 M €	-4.2%	15 M €	+3.6%	14,5 M €	+11.0%	13 M €	+38.1%	9,4 M €	+20.3%	7,8 M €	+88.3%	4,2 M €	+16.6%	3,6 M €	+80.4%	2 M €	-74.8%	7,8 M €	+4212%	182 k €	+1173%	14,3 k €	-85.2%	96,3 k €
Debts	36,3 k €	-92.9%	510,4 k €	-1.3%	517,1 k €	-3.2%	534,2 k €	-95.3%	11,3 M €	+1916%	558,3 k €	-8.6%	610,8 k €	-33.4%	917,1 k €	-72.2%	3,3 M €	-9.8%	3,7 M €	-13.4%	4,2 M €	-0.0%	4,2 M €	+0.1%	4,2 M €	-16.3%	5 M €	-16.4%	6 M €	+29839%	20,2 k €	-27.2%	27,7 k €	+38.6%	20 k €	-55.3%	44,7 k €	-10.9%	50,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Cathérine Verstuyft

Director · since 28 septembre 2018

Active

Luc PENNINCK

Director · since 28 décembre 2001

Active

Ended mandates

CATHERINE VERSTUYFT

Mandate · since 12 octobre 2018

Ended

BART PENNINCK

Manager · until 28 septembre 2018

Ended

BART PENNINCK

Manager

Ended

CATHERINE VERSTUYFT

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Aannemingen Penninck● Active	0411.887.734
IMMOP● Active	0440.875.094
TM Penninck-Mols● Active	1005.701.938
VELDHOEK● Active	0874.715.811
Vervoerdienst Crombez● Active	0405.545.716

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full 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	30/06/2026	11/07/2025	28/06/2024	30/06/2023	14/06/2022	30/06/2021
General meeting	13/06/2026	14/06/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021
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	13/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	14/06/2025	11/07/2025	Dutch	PDF
Full model	31/12/2023	08/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	10/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	11/06/2022	14/06/2022	Dutch	PDF
Full model	31/12/2020	12/06/2021	30/06/2021	Dutch	PDF
Full model	31/12/2019	13/06/2020	02/07/2020	Dutch	PDF
Full model	31/12/2018	08/06/2019	25/06/2019	Dutch	PDF
Full model	31/12/2017	09/06/2018	27/08/2018	Dutch	PDF
Full model	31/12/2016	10/06/2017	19/07/2017	Dutch	PDF
Full model	31/12/2015	11/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	13/06/2015	25/06/2015	Dutch	PDF
Full model	31/12/2013	14/06/2014	17/07/2014	Dutch	PDF
Full model	31/12/2012	08/06/2013	29/07/2013	Dutch	PDF
Full model	31/12/2011	09/06/2012	20/08/2012	Dutch	PDF
Full model	31/12/2010	11/06/2011	03/08/2011	Dutch	PDF
Full model	31/12/2009	12/06/2010	30/07/2010	Dutch	PDF
Full model	31/12/2008	13/06/2009	07/08/2009	Dutch	PDF
Full model	31/12/2007	14/06/2008	01/08/2008	Dutch	PDF
Full model	31/12/2006	09/06/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 6 ended

Active mandates

Cathérine Verstuyft

Director · since 28 septembre 2018

Active

Luc PENNINCK

Director · since 28 décembre 2001

Active

Ended mandates

CATHERINE VERSTUYFT

Mandate · since 12 octobre 2018

Ended

BART PENNINCK

Manager · until 28 septembre 2018

Ended

BART PENNINCK

Manager

Ended

CATHERINE VERSTUYFT

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares16/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates24/08/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/01/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
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 20252,4 M €↓
2024
Annual accounts 20242,7 M €↑
2023
Annual accounts 2023354 k €↓
2022
Annual accounts 2022531,1 k €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 20201,5 M €↓
2019
Annual accounts 20194,5 M €↑
2018
Annual accounts 20181,7 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016898,3 k €↑
2015
Annual accounts 2015804,3 k €↓
2014
Annual accounts 20142,6 M €↑
2013
Annual accounts 20131,7 M €↑
2012
Annual accounts 20121,4 M €↑
2011
Annual accounts 20111,3 M €↓
2010
Annual accounts 20101,6 M €↓
2009
Annual accounts 20091,8 M €↓
2008
Annual accounts 20082,5 M €↑
2007
Annual accounts 20072 M €↓
2006
Annual accounts 20063,2 M €
08/01/2002
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

PENNINCK

Overview

What does PENNINCK 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