ACTIVE

PANENCO

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Financial year 2025 · Closed on 31/12/2025

Net result220 k €+306,4 %over 1 year

Gross margin1,8 M €+58,9 %over 1 year

Equity814 k €+9,9 %over 1 year

Workforce17,3 ETP+20,1 %over 1 year

Identity

Source · BCE/KBO

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· main 62200Computer programming, consultancy and related activities 62010Computer programming activities 62090Other information technology and computer service activities 62100Computer programming, consultancy and related activities 62900Computer programming, consultancy and related activities+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 9 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,8 M €	+58.9%	1,1 M €	-4.3%	1,2 M €	-6.3%	1,2 M €	+45.7%	851,8 k €
EBITDA	453 k €	+312%	109,9 k €	-40.7%	185,4 k €	-57.8%	439,5 k €	+29.1%	340,4 k €
Operating result	293,7 k €	+226%	90,2 k €	-44.1%	161,2 k €	-61.5%	418,5 k €	+32.8%	315,1 k €
Net result	220 k €	+306%	54,1 k €	-52.1%	113 k €	-63.5%	309,1 k €	+35.6%	228 k €
Balance sheet
Equity	814 k €	+9.9%	740,8 k €	+4.4%	709,9 k €	-28.3%	990,2 k €	+46.7%	675 k €
Total assets	1,5 M €	+56.0%	970,9 k €	-21.6%	1,2 M €	+0.5%	1,2 M €	+41.6%	870,1 k €
Cash	812,1 k €	+49.8%	542,1 k €	+90.5%	284,5 k €	-30.6%	409,8 k €	+6.8%	383,9 k €
Debts	697,1 k €	+209%	225,7 k €	-57.3%	528,1 k €	+129%	230,4 k €	+20.6%	191 k €
Other
Workforce	17,3 ETP	+20.1%	14,4 ETP	-4.0%	15,0 ETP	+15.4%	13,0 ETP	+54.8%	8,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Egwin Avau	DirectorManager2020 accountsended
Panenco Group0657.945.060Represented by Egwin Avau	Director

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Kapeldreef 60 3001 Leuven

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	29/07/2026	30/07/2025	30/07/2024	31/07/2023	29/07/2022	29/07/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	14/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	08/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	10/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	11/06/2022	29/07/2022	Dutch	PDF
Micro model	31/12/2020	12/06/2021	29/07/2021	Dutch	PDF
Micro model	31/12/2019	13/06/2020	31/07/2020	Dutch	PDF
Micro model	31/12/2018	08/06/2019	25/07/2019	Dutch	PDF
Micro model	31/12/2017	09/06/2018	30/07/2018	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Egwin Avau	DirectorManager2020 accountsended
Panenco Group0657.945.060Represented by Egwin Avau	Director

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/10/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2017
Ontslag zaakvoerder + adreswijziging maatschappelijke zetel
PDF
Mandates04/08/2016
Ontslag en benoeming zaakvoerders
PDF
Other05/04/2016
OPRICHTING - BENOEMINGEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings9 filings

Mandates

Panenco Group

Egwin Avau

20162017201820192020202120222023202420252026

PANENCO

Kapeldreef 60, 3000 Leuven

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kapeldreef 60, 3001 HeverleeCurrent		CBE
Kapeldreef 60, 3000 Leuven	accounts 2021 → 2025	Accounts 2025 · 2026-00346548

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
PANENCOCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00346548

Events

2025
Annual accounts 2025220 k €↑
2024
Annual accounts 202454,1 k €↓
2023
Annual accounts 2023113 k €↓
2022
Annual accounts 2022309,1 k €↑
2021
Annual accounts 2021228 k €↑
2020
Annual accounts 2020166,6 k €↓
2019
Annual accounts 2019188 k €↑
2018
Annual accounts 201871 k €↑
2017
Annual accounts 20179 k €
16/03/2016
IncorporationPrivate limited company

PANENCO

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events