ACTIVE

PANENCO

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Financial year 2025 · closed on 31/12/2025
Net result
220 k €
+306.4% YoY
Gross margin
1,8 M €
+58.9% YoY
Equity
814 k €
+9.9% YoY
Workforce
17,3 ETP
+20.1% YoY

What does PANENCO do?

PANENCO is a Private limited company incorporated in 2016. Its main activity is: Computer consultancy activities. Its registered office is in Leuven. It employs on average 17,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0650.747.066
Incorporation
16/03/2016
Legal form
Private limited company
Registered office
Kapeldreef 60
3001 Leuven · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Average workforce
17,3 ETP
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities62010Computer programming activities62090Other information technology and computer service activities62100Computer programming, consultancy and related activities62900Computer programming, consultancy and related activities+6
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 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin1,8 M €1,1 M €1,2 M €1,2 M €851,8 k €558 k €505,1 k €212,1 k €74,9 k €
EBITDA453 k €109,9 k €185,4 k €439,5 k €340,4 k €265,8 k €298,1 k €128,3 k €37,6 k €
Operating result293,7 k €90,2 k €161,2 k €418,5 k €315,1 k €230,6 k €273,1 k €104,5 k €17,1 k €
Net result220 k €54,1 k €113 k €309,1 k €228 k €166,6 k €188 k €71 k €9 k €
Balance sheet
Equity814 k €740,8 k €709,9 k €990,2 k €675 k €447,1 k €280,5 k €92,4 k €21,4 k €
Total assets1,5 M €970,9 k €1,2 M €1,2 M €870,1 k €691,3 k €456,3 k €246,6 k €140,2 k €
Cash812,1 k €542,1 k €284,5 k €409,8 k €383,9 k €401,5 k €221,3 k €53,6 k €18 k €
Debts697,1 k €225,7 k €528,1 k €230,4 k €191 k €233,3 k €167,4 k €153,6 k €114,2 k €
Other
Workforce17,3 ETP14,4 ETP15,0 ETP13,0 ETP8,4 ETP––––
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 · 2 active · 2 ended

Active mandates

Egwin Avau

Director

Active
Panenco Group

Director · 0657.945.060

Represented by Avau Egwin

Active

Ended mandates

Egwin Avau

Manager

Ended
Panenco Group

Director · 0657.945.060

Represented by Egwin Avau

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro 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 date29/07/202630/07/202530/07/202431/07/202329/07/202229/07/2021
General meeting13/06/202614/06/202508/06/202410/06/202311/06/202212/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202513/06/202629/07/2026DutchPDF
Abridged model31/12/202414/06/202530/07/2025DutchPDF
Abridged model31/12/202308/06/202430/07/2024DutchPDF
Abridged model31/12/202210/06/202331/07/2023DutchPDF
Abridged model31/12/202111/06/202229/07/2022DutchPDF
Micro model31/12/202012/06/202129/07/2021DutchPDF
Micro model31/12/201913/06/202031/07/2020DutchPDF
Micro model31/12/201808/06/201925/07/2019DutchPDF
Micro model31/12/201709/06/201830/07/2018DutchPDF
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 · 2 active · 2 ended

Active mandates

Egwin Avau

Director

Active
Panenco Group

Director · 0657.945.060

Represented by Avau Egwin

Active

Ended mandates

Egwin Avau

Manager

Ended
Panenco Group

Director · 0657.945.060

Represented by Egwin Avau

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/10/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/01/2017
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/08/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/04/2016
    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

Timeline

  1. 2025
    Annual accounts 2025220 k €↑
  2. 2024
    Annual accounts 202454,1 k €↓
  3. 2023
    Annual accounts 2023113 k €↓
  4. 2022
    Annual accounts 2022309,1 k €↑
  5. 2021
    Annual accounts 2021228 k €↑
  6. 2020
    Annual accounts 2020166,6 k €↓
  7. 2019
    Annual accounts 2019188 k €↑
  8. 2018
    Annual accounts 201871 k €↑
  9. 2017
    Annual accounts 20179 k €
  10. 16/03/2016
    IncorporationPrivate limited company