ACTIVE

PAYNOVATE

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Financial year 2025 · Closed on 31/12/2025

Net result29,2 k €-85,7 %over 1 year
Revenue27,4 M €-0,6 %over 1 year
Equity2,7 M €+1,1 %over 1 year
Workforce24,7 ETP-3,5 %over 1 year

Identity

Source · BCE/KBO

PAYNOVATE is a Public limited company incorporated in 2014. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Bruxelles. It employs on average 24,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0506.763.929
Incorporation
11/12/2014
Legal form
Public limited company
Registered office
Cantersteen 47
1000 Bruxelles · BruxellesSee on map
Contributed capital
1 109 673,88 €
Latest accounts
31/12/2025
Average workforce
24,7 ETP
Joint committees (2)
  • 200
  • 20000
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 13 filings

Trend over 11 financial years

20252024202320222021
Income statement
Revenue27,4 M €27,6 M €22,7 M €12,7 M €9,1 M €
EBITDA1,8 M €212,8 k €1 M €1,2 M €475,9 k €
Operating result701,5 k €6,1 k €688,2 k €849,6 k €358,1 k €
Net result29,2 k €203,6 k €646,6 k €558,4 k €276,9 k €
Balance sheet
Equity2,7 M €2,7 M €2,5 M €1,8 M €1,3 M €
Total assets178,7 M €161 M €136,8 M €37,5 M €24,3 M €
Cash151,2 M €138,3 M €122,7 M €27,4 M €21 M €
Debts175,9 M €157,8 M €133,9 M €35,5 M €22,9 M €
Other
Workforce24,7 ETP25,6 ETP22,6 ETP21,0 ETP19,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 15 ended

Active mandates

Jean-Paul Rousseau

Director · since 31 mai 2026 · until 28 mai 2032

Active
Robert Masse

Managing director · since 31 mai 2026 · until 28 mai 2032

Active
Pierre-Alain Bache

Director · since 12 août 2023 · until 31 mai 2029

Active
Sabrina Masse

Director · since 06 avril 2021 · until 05 avril 2027

Active

Ended mandates

Marc Taymans

Director · since 12 août 2023 · until 21 octobre 2024

Ended
Marc Taymans

Director · since 12 août 2023 · until 30 mai 2029

Ended
Pierre-Alain Bache

Director · since 12 août 2023 · until 30 mai 2029

Ended
Xavier Corman

Director · since 08 novembre 2022 · until 21 octobre 2024

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/08/202604/07/202527/06/202429/06/202315/11/202210/12/2021
General meeting14/08/202627/06/202526/06/202428/06/202308/11/202205/11/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202514/08/202617/08/2026FrenchPDF
Full model31/12/202427/06/202504/07/2025FrenchPDF
Full model31/12/202326/06/202427/06/2024FrenchPDF
Full model31/12/202228/06/202329/06/2023FrenchPDF
Abridged model31/12/202108/11/202215/11/2022FrenchPDF
Abridged modelCorrection31/12/202005/11/202110/12/2021FrenchPDF
Abridged model31/12/202005/11/202123/11/2021FrenchPDF
Abridged model31/12/201931/08/202002/09/2020FrenchPDF
Abridged model31/12/201815/12/201920/12/2019FrenchPDF
Abridged model31/12/201729/06/201823/07/2018FrenchPDF
Abridged model31/12/201624/07/201724/07/2017FrenchPDF
Abridged modelCorrection31/12/201529/06/201628/07/2016FrenchPDF
Abridged model31/12/201529/06/201625/07/2016FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

4 active · 15 ended

Active mandates

Jean-Paul Rousseau

Director · since 31 mai 2026 · until 28 mai 2032

Active
Robert Masse

Managing director · since 31 mai 2026 · until 28 mai 2032

Active
Pierre-Alain Bache

Director · since 12 août 2023 · until 31 mai 2029

Active
Sabrina Masse

Director · since 06 avril 2021 · until 05 avril 2027

Active

Ended mandates

Marc Taymans

Director · since 12 août 2023 · until 21 octobre 2024

Ended
Marc Taymans

Director · since 12 août 2023 · until 30 mai 2029

Ended
Pierre-Alain Bache

Director · since 12 août 2023 · until 30 mai 2029

Ended
Xavier Corman

Director · since 08 novembre 2022 · until 21 octobre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other25/08/2026
    DIVERS
    PDF
  • Other24/08/2026
    DIVERS
    PDF
  • Mandates12/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/12/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/02/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares30/09/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Registered office13/09/2021
    SIEGE SOCIAL
    PDF

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202529,2 k €↓
  2. 2024
    Annual accounts 2024203,6 k €↓
  3. 2023
    Annual accounts 2023646,6 k €↑
  4. 12/08/2023
    nominationPierre-Alain BACHE — administrateur indépendant
  5. 12/08/2023
    nominationMarc TAYMANS — administrateur indépendant
  6. 2022
    Annual accounts 2022558,4 k €↑
  7. 08/11/2022
    nominationXavier Corman — administrateur indépendant
  8. 2021
    Annual accounts 2021276,9 k €↑
  9. 2020
    Annual accounts 2020-214,9 k €↓
  10. 2019
    Annual accounts 20197,4 k €↓
  11. 2018
    Annual accounts 201847,9 k €↑
  12. 2017
    Annual accounts 201728 k €↑
  13. 2017
    Name changePaynovate SA
  14. 2016
    Annual accounts 20166,9 k €↑
  15. 2015
    Annual accounts 2015-6,9 k €
  16. 2015
    Name changeLOYALTEK PAYMENT SYSTEMS
  17. 11/12/2014
    IncorporationPublic limited company