ACTIVE

PANQUIN CONSTRUCT

Financial year 2025 · closed on 31/12/2025
Net result
-3,3 M €
+12.2% YoY
Equity
-6,4 M €
-108.3% YoY

What does PANQUIN CONSTRUCT do?

PANQUIN CONSTRUCT is a Public limited company incorporated in 2017. Its main activity is: Development of building projects. Its registered office is in Waregem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0685.861.957
Incorporation
12/12/2017
Legal form
Public limited company
Registered office
Vredestraat 53
8790 Waregem · FlandreSee on map
Contributed capital
720 000,00 €
Latest accounts
31/12/2025
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-6,4 k €-3,8 k €
EBITDA-8,4 k €-5,6 k €-7,5 k €-4,8 k €17,9 k €
Operating result-8,4 k €-5,6 k €-7,5 k €-4,8 k €17,9 k €
Net result-3,3 M €-3,8 M €5,5 k €1,2 k €-1,2 k €
Balance sheet
Equity-6,4 M €-3,1 M €721,5 k €716 k €714,8 k €
Total assets8,1 M €14,7 M €7,9 M €3,5 M €2,6 M €
Cash335,3 k €9,5 M €5,6 M €81,1 k €51,9 k €
Debts13,8 M €17,3 M €6,9 M €2,7 M €1,6 M €
Other
Workforce0,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 18 ended

Active mandates

Davy Demuynck

Director · since 01 octobre 2025 · until 10 mai 2029

Active
Feya Smets

Director · since 08 juin 2023 · until 10 mai 2029

Active
ION Service Provider

Director · since 12 mai 2022 · until 13 mai 2027 · 0599.816.128

Represented by Kristof Vanfleteren

Active
Julien DE WILDE

Director · since 12 mai 2022 · until 13 mai 2027

Active
Participatiemaatschappij Vlaanderen

Director · since 12 mai 2022 · until 13 mai 2027 · 0455.777.660

Represented by Bertrand Van Regemortel

Active

Ended mandates

Projects & Co

Director · since 22 décembre 2023 · until 13 mai 2027 · 0680.428.373

Represented by Alexis SPAAS

Ended
Projects & Co

Director · since 22 décembre 2023 · until 13 mai 2027 · 0680.428.373

Represented by Alexis SPAAS

Ended
Erwin VRIJENS

Director · since 12 mai 2022 · until 11 mai 2023

Ended
ION Service Provider

Director · since 12 mai 2022 · until 13 mai 2027 · 0599.816.128

Represented by Kristof VANFLETEREN

Ended
At this address

Other companies at this address

CompanyCBE no.
3SAGActive
0681.839.427
ACCONSTRUCTActive
0712.729.670
ADT DEVELOPMENTActive
0783.335.970
ADT PROJECTActive
0748.831.486
0795.308.839
BDL CONSTRUCTActive
0633.919.447
0473.144.818
BedRocksActive
0465.649.191
BFT DevelopmentActive
1025.609.506
BIB ProjectActive
0795.180.264
Blauwe HoekActive
0772.864.227
CADOREActive
1025.610.692
0767.963.153
Carduus BeheerActive
0769.576.125
0506.880.527
CENTRAL GARDENSActive
0835.930.954
COBOSActive
0425.242.852
CONGRES INVESTActive
0729.668.642
ConimaActive
0775.713.453
0655.985.759
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelFull modelFull 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 date02/06/202628/08/202505/06/202408/06/202308/06/202201/07/2021
General meeting30/04/202605/05/202530/05/202411/05/202312/05/202202/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/04/202602/06/2026DutchPDF
Full model31/12/202405/05/202528/08/2025DutchPDF
Abridged model31/12/202330/05/202405/06/2024DutchPDF
Abridged model31/12/202211/05/202308/06/2023DutchPDF
Full model31/12/202112/05/202208/06/2022DutchPDF
Full model31/12/202002/06/202101/07/2021DutchPDF
Full model31/12/201915/06/202014/07/2020DutchPDF
Full model31/12/201809/05/201906/06/2019DutchPDF
Estimate

Indicative valuation

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 · 5 active · 18 ended

Active mandates

Davy Demuynck

Director · since 01 octobre 2025 · until 10 mai 2029

Active
Feya Smets

Director · since 08 juin 2023 · until 10 mai 2029

Active
ION Service Provider

Director · since 12 mai 2022 · until 13 mai 2027 · 0599.816.128

Represented by Kristof Vanfleteren

Active
Julien DE WILDE

Director · since 12 mai 2022 · until 13 mai 2027

Active
Participatiemaatschappij Vlaanderen

Director · since 12 mai 2022 · until 13 mai 2027 · 0455.777.660

Represented by Bertrand Van Regemortel

Active

Ended mandates

Projects & Co

Director · since 22 décembre 2023 · until 13 mai 2027 · 0680.428.373

Represented by Alexis SPAAS

Ended
Projects & Co

Director · since 22 décembre 2023 · until 13 mai 2027 · 0680.428.373

Represented by Alexis SPAAS

Ended
Erwin VRIJENS

Director · since 12 mai 2022 · until 11 mai 2023

Ended
ION Service Provider

Director · since 12 mai 2022 · until 13 mai 2027 · 0599.816.128

Represented by Kristof VANFLETEREN

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/02/2021
    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

Timeline

  1. 2025
    Annual accounts 2025-3,3 M €
  2. 2024
    Annual accounts 2024-3,8 M €
  3. 2023
    Annual accounts 20235,5 k €
  4. 2022
    Annual accounts 20221,2 k €
  5. 2021
    Annual accounts 2021-1,2 k €
  6. 12/12/2017
    IncorporationPublic limited company