ACTIVE

PAUWELS

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Financial year 2025 · closed on 31/12/2025

Net result

649,9 k €

+17.5% YoY

Gross margin

2 M €

+18.0% YoY

Equity

2,1 M €

+45.0% YoY

Workforce

15,8 ETP

+17.9% YoY

What does PAUWELS do?

PAUWELS is a Private limited company incorporated in 2013. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Lokeren. It employs on average 15,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0503.817.010

Incorporation

05/02/2013

Legal form

Private limited company

Registered office

Spinnerslaan 12
9160 Lokeren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

15,8 ETP

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 31002Manufacture of furniture 31020Manufacture of kitchen furniture+4

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	2 M €	+18.0%	1,7 M €	+20.0%	1,4 M €	+75.1%	811,5 k €	+41.2%	574,9 k €	+54.5%	372 k €	+61.6%	230,2 k €	+41.6%	162,5 k €	+28.1%	126,8 k €	+246%	36,7 k €	-5.3%	38,8 k €	+6089%	-647,2 €
EBITDA	1 M €	+17.6%	852,7 k €	+28.3%	664,5 k €	+93.0%	344,4 k €	+84.2%	187 k €	+111%	88,6 k €	+14.0%	77,7 k €	+65.7%	46,9 k €	-1.7%	47,7 k €	+89.0%	25,2 k €	-34.2%	38,4 k €	+6026%	-647,2 €
Operating result	872,7 k €	+18.3%	737,6 k €	+31.4%	561,2 k €	+93.2%	290,5 k €	+93.2%	150,4 k €	+165%	56,8 k €	+0.2%	56,7 k €	+58.2%	35,8 k €	-10.6%	40,1 k €	+120%	18,2 k €	-46.0%	33,8 k €	+4088%	-847,2 €
Net result	649,9 k €	+17.5%	553,3 k €	+31.8%	419,9 k €	+120%	191,2 k €	+100%	95,4 k €	+157%	37,2 k €	+7.9%	34,5 k €	+173%	12,6 k €	-16.2%	15,1 k €	-14.5%	17,6 k €	-47.2%	33,4 k €	+3355%	-1 k €
Balance sheet
Equity	2,1 M €	+45.0%	1,4 M €	+62.1%	891,4 k €	+89.1%	471,5 k €	+68.3%	280,2 k €	+66.8%	168 k €	+28.4%	130,8 k €	+35.8%	96,3 k €	+15.1%	83,7 k €	+48.9%	56,2 k €	+45.8%	38,6 k €	+645%	5,2 k €
Total assets	3 M €	+57.8%	1,9 M €	+36.4%	1,4 M €	+39.9%	989,5 k €	+26.4%	782,7 k €	+59.6%	490,4 k €	+20.2%	408 k €	+60.4%	254,4 k €	+5.8%	240,5 k €	+55.0%	155,1 k €	+27.8%	121,4 k €	+203%	40 k €
Cash	500,7 k €	+50.4%	332,8 k €	+89.7%	175,4 k €	+111%	83,3 k €	+1089%	7 k €	-82.1%	39,2 k €	+40.6%	27,9 k €	+1643%	1,6 k €	+1030%	141,6 €	-99.2%	17,8 k €	+392%	3,6 k €	+152%	1,4 k €
Debts	454,7 k €	+2.7%	442,7 k €	-7.4%	478,2 k €	-6.7%	512,7 k €	+5.2%	487,4 k €	+59.4%	305,8 k €	+54.0%	198,6 k €	+79.0%	111 k €	+14.1%	97,3 k €	+57.4%	61,8 k €	+33.1%	46,4 k €	+153%	18,3 k €
Other
Workforce	15,8 ETP	+17.9%	13,4 ETP	+14.5%	11,7 ETP	+23.2%	9,5 ETP	+1.1%	9,4 ETP		–		–		–		–		0,6 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Pieter-Jan Pauwels

Director · since 31 janvier 2013

Active

Ended mandates

Pieter-Jan PAUWELS

Manager · since 31 janvier 2013

Ended

Pieter-Jan Pauwels

Director

Ended

Pieter-Jan Pauwels

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
JIL CHEMICALS● Active	1009.186.119
THUISVERPLEGING CHRISTINE VAN MOER● Active	0430.403.450

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	10/04/2026	02/07/2025	19/07/2024	19/07/2023	08/07/2022	16/07/2021
General meeting	18/03/2026	24/06/2025	25/06/2024	27/06/2023	28/06/2022	30/06/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/03/2026	10/04/2026	Dutch	PDF
Abridged model	31/12/2024	24/06/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	19/07/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	28/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	17/07/2020	Dutch	PDF
Micro model	31/12/2018	25/06/2019	19/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	20/07/2018	Dutch	PDF
Micro model	31/12/2016	27/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	28/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	23/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	24/06/2014	31/07/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 3 ended

Active mandates

Pieter-Jan Pauwels

Director · since 31 janvier 2013

Active

Ended mandates

Pieter-Jan PAUWELS

Manager · since 31 janvier 2013

Ended

Pieter-Jan Pauwels

Director

Ended

Pieter-Jan Pauwels

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other15/02/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025649,9 k €↑
2024
Annual accounts 2024553,3 k €↑
2023
Annual accounts 2023419,9 k €↑
2022
Annual accounts 2022191,2 k €↑
2021
Annual accounts 202195,4 k €↑
2019
Annual accounts 201937,2 k €↑
2018
Annual accounts 201834,5 k €↑
2017
Annual accounts 201712,6 k €↓
2016
Annual accounts 201615,1 k €↓
2015
Annual accounts 201517,6 k €↓
2014
Annual accounts 201433,4 k €↑
2013
Annual accounts 2013-1 k €
05/02/2013
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

PAUWELS

Overview

What does PAUWELS do?

Trend over 12 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