ACTIVE

The People Panel

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Financial year 2025 · closed on 31/12/2025
Net result
27,8 M €
-1.5% YoY
Revenue
9,6 M €
+9.1% YoY
Equity
148,0 M €
0.0% YoY
Workforce
75,5 ETP
-0.7% YoY

What does The People Panel do?

The People Panel is a Public limited company incorporated in 2019. Its main activity is: Office administrative and support activities. Its registered office is in Kortrijk. It employs on average 75,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0726.809.122
Incorporation
16/05/2019
Legal form
Public limited company
Registered office
Wolvenstraat(Kor) 23
8500 Kortrijk · FlandreSee on map
Contributed capital
52 566 207,96 €
Latest accounts
31/12/2025
Average workforce
75,5 ETP
Activities (NACE)
82100Office administrative and support activities· main82110Combined office administrative service activities64200Activities of holding companies64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Revenue9,6 M €8,8 M €8,4 M €8,1 M €7,7 M €
EBITDA1,6 M €1,3 M €1,1 M €1,4 M €1,4 M €
Operating result572,6 k €992,3 k €775,6 k €1,1 M €1,0 M €
Net result27,8 M €28,2 M €28,9 M €25,3 M €16,7 M €
Balance sheet
Equity148,0 M €148,0 M €138,6 M €109,7 M €84,5 M €
Total assets177,3 M €169,0 M €154,2 M €136,6 M €134,5 M €
Cash19,3 M €8,0 M €20,2 M €102,7 k €6,6 M €
Debts29,3 M €20,9 M €15,4 M €26,7 M €49,8 M €
Other
Workforce75,5 ETP76,0 ETP76,0 ETP70,2 ETP66,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Liv

Director · since 25 septembre 2024 · until 21 juin 2030 · 0648.706.603

Represented by Andres Sanders

Active

Ended mandates

Emma Sanders

Director · since 06 avril 2023 · until 16 juin 2028

Ended
Elodie Seys

Managing director · since 01 décembre 2021 · until 01 décembre 2027

Ended
Elodie Seys

Managing director · since 01 décembre 2021 · until 16 juin 2028

Ended
X-square

Director · since 01 décembre 2021 · until 16 juin 2028 · 0742.800.165

Represented by Bram Decroix

Ended
At this address

Other companies at this address

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AGO CONSTRUCT● Active
0874.698.785
AIB● Active
0867.323.421
BLUE OCEAN● Active
0736.728.460
GO TEMP● Active
0878.439.126
Immobilière La Closerie● Active
0421.834.489
MELISANDE● Active
0840.864.888
NXTPeople● Active
0439.600.535
QUALITY CONTROL● Active
0460.993.587
Teans● Active
0458.701.815
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202116/05/2019
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 months20 months
Filing date15/07/202617/07/202518/07/202410/07/202304/07/202215/07/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/06/202615/07/2026DutchPDF
Full model31/12/202420/06/202517/07/2025DutchPDF
Full model31/12/202321/06/202418/07/2024DutchPDF
Full model31/12/202216/06/202310/07/2023DutchPDF
Full model31/12/202117/06/202204/07/2022DutchPDF
Full model31/12/202018/06/202115/07/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 6 ended

Active mandates

Liv

Director · since 25 septembre 2024 · until 21 juin 2030 · 0648.706.603

Represented by Andres Sanders

Active

Ended mandates

Emma Sanders

Director · since 06 avril 2023 · until 16 juin 2028

Ended
Elodie Seys

Managing director · since 01 décembre 2021 · until 01 décembre 2027

Ended
Elodie Seys

Managing director · since 01 décembre 2021 · until 16 juin 2028

Ended
X-square

Director · since 01 décembre 2021 · until 16 juin 2028 · 0742.800.165

Represented by Bram Decroix

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/08/2026
    Herbenoeming commissaris
    PDF
  • Mandates29/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/12/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/10/2021
    ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring27/08/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring22/06/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares26/09/2019
    KAPITAAL - AANDELEN
    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 202527,8 M €↓
  2. 2024
    Annual accounts 202428,2 M €↓
  3. 25/09/2024
    nominationLiv — bestuurder
  4. 2023
    Annual accounts 202328,9 M €↑
  5. 16/06/2023
    reconductionCVBA "VANDER DONCKT — ROOBROUCK — CHRISTIAENS BEDRIJFSREVISOREN" — commissaris
  6. 06/04/2023
    nominationEmma SANDERS — bijkomend bestuurder
  7. 2022
    Annual accounts 202225,3 M €↑
  8. 2021
    Annual accounts 202116,7 M €
  9. 16/05/2019
    IncorporationPublic limited company