ACTIVE

RE Panels 3

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Financial year 2025 · closed on 31/12/2025

Net result

11,8 M €

+406.4% YoY

Gross margin

12,1 M €

+1600.3% YoY

Equity

81,4 M €

+6.2% YoY

Workforce

3,6 ETP

+33.3% YoY

What does RE Panels 3 do?

RE Panels 3 is a Public limited company incorporated in 2019. Its main activity is: Activities of holding companies. Its registered office is in Tournai. It employs on average 3,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0732.813.521

Incorporation

23/08/2019

Legal form

Public limited company

Registered office

Rue du Bois des Hospices(BL) 3
7522 Tournai · WallonieSee on map

Contributed capital

67 461 500,00 €

Latest accounts

31/12/2025

Average workforce

3,6 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 82100Office administrative and support activities 82110Combined office administrative service activities+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2023		2022		2021		2020		2019
Income statement
Gross margin	12,1 M €	+1600%	712,4 k €	+414%	-226,7 k €	-251%	150,6 k €	+227%	-118,2 k €	-1.1%	-116,9 k €	-739%	18,3 k €
EBITDA	10,8 M €	+4052%	-272,3 k €	+57.3%	-637,1 k €	-1321%	52,2 k €	+102%	-3 M €	-2269%	-126,8 k €	-806%	17,9 k €
Operating result	7,6 M €	+786%	-1,1 M €	+11.4%	-1,3 M €	-153%	-496,6 k €	+86.7%	-3,7 M €	-390%	-762,5 k €	-547%	-117,8 k €
Net result	11,8 M €	+406%	-3,8 M €	-178%	4,9 M €	+68.5%	2,9 M €	-69.6%	9,6 M €	+382%	-3,4 M €	-222%	-1,1 M €
Balance sheet
Equity	81,4 M €	+6.2%	76,7 M €	-4.8%	80,5 M €	+6.5%	75,6 M €	+4.0%	72,6 M €	+15.3%	63 M €	-5.1%	66,4 M €
Total assets	205,8 M €	+29.1%	159,4 M €	+0.9%	158 M €	+1.3%	156 M €	-1.0%	157,7 M €	+3.1%	153 M €	-0.3%	153,4 M €
Cash	13,7 M €	+398%	2,7 M €	+1253%	203 k €	+53.5%	132,3 k €	-27.6%	182,7 k €	+59.7%	114,4 k €	-90.8%	1,2 M €
Debts	123,7 M €	+51.0%	81,9 M €	+7.2%	76,4 M €	-4.2%	79,7 M €	-5.6%	84,4 M €	-6.2%	90 M €	+3.4%	87 M €
Other
Workforce	3,6 ETP	+33.3%	2,7 ETP	+50.0%	1,8 ETP	-5.3%	1,9 ETP	-40.6%	3,2 ETP	+191%	1,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Simon Matthis TABELLION

Administrateur · since 12 août 2023 · until 01 juin 2029

Active

Luc DE DEYGERE

Administrateur · since 09 mars 2022 · until 01 juin 2027

Active

Mihir KOTECHA

Administrateur · since 09 mars 2022 · until 01 juin 2027

Active

Ended mandates

Ludger LAUFENBERG

Administrateur · since 31 août 2021 · until 01 juin 2027

Ended

S 3 I SA

Administrateur gérant · since 06 septembre 2019 · 0627.963.053

Represented by Luc DE DEYGERE

Ended

S 3 I SA

Administrator - manager · since 06 septembre 2019 · 0627.963.053

Represented by Luc DE DEYGERE

Ended

Edmund BUCKLEY

Director · since 23 août 2019 · until 07 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
EPCO● Active	0656.915.969
unité RE PANELS● Active	0747.963.931

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	29/08/2026	18/07/2025	05/07/2024	04/07/2023	13/07/2022	31/08/2021
General meeting	10/07/2026	15/07/2025	21/06/2024	26/06/2023	30/06/2022	31/08/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/07/2026	29/08/2026	French	PDF
Abridged model	31/12/2024	15/07/2025	18/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	05/07/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	04/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	13/07/2022	French	PDF
Abridged model	31/12/2020	31/08/2021	31/08/2021	French	PDF
Micro model	31/12/2019	10/09/2020	20/10/2020	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 3 active · 7 ended

Active mandates

Simon Matthis TABELLION

Administrateur · since 12 août 2023 · until 01 juin 2029

Active

Luc DE DEYGERE

Administrateur · since 09 mars 2022 · until 01 juin 2027

Active

Mihir KOTECHA

Administrateur · since 09 mars 2022 · until 01 juin 2027

Active

Ended mandates

Ludger LAUFENBERG

Administrateur · since 31 août 2021 · until 01 juin 2027

Ended

S 3 I SA

Administrateur gérant · since 06 septembre 2019 · 0627.963.053

Represented by Luc DE DEYGERE

Ended

S 3 I SA

Administrator - manager · since 06 septembre 2019 · 0627.963.053

Represented by Luc DE DEYGERE

Ended

Edmund BUCKLEY

Director · since 23 août 2019 · until 07 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates22/05/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office18/04/2024
SIEGE SOCIAL
PDF
Mandates07/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates26/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates24/01/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office13/07/2021
SIEGE SOCIAL
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

2025
Annual accounts 202511,8 M €↑
2024
Annual accounts 2024-3,8 M €↓
06/09/2024
nominationRicardo Sommer — administrateur
2023
Annual accounts 20234,9 M €↑
04/10/2023
nominationSimon Matthis Tabellion — administrateur
07/04/2023
nominationDELOITTE REVISEURS D'ENTREPRISES — commissaire
2022
Annual accounts 20222,9 M €↓
09/03/2022
nominationLuc De Deygere — administrateur
09/03/2022
nominationKotecha Mihir — administrateur
2021
Annual accounts 20219,6 M €↑
05/04/2021
nominationDELOITTE REVISEURS D'ENTREPRISES — commissaire
2020
Annual accounts 2020-3,4 M €↓
2019
Annual accounts 2019-1,1 M €
23/08/2019
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RE Panels 3

Overview

What does RE Panels 3 do?

Trend over 7 financial years

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