ACTIVE

Puxano

Financial year 2025 · closed on 31/12/2025
Net result
41,3 k €
+143.8% YoY
Gross margin
602,9 k €
+39.5% YoY
Equity
2,1 M €
+35.9% YoY
Workforce
5,5 ETP
+10.0% YoY

What does Puxano do?

Puxano is a Private limited company incorporated in 2020. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Gent. It employs on average 5,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0753.682.674
Incorporation
04/09/2020
Legal form
Private limited company
Registered office
Ottergemsesteenweg-Zuid 713
9000 Gent · FlandreSee on map
Contributed capital
815 000,00 €
Latest accounts
31/12/2025
Average workforce
5,5 ETP
Joint committees (2)
  • 207
  • 2070
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin602,9 k €432,1 k €403,4 k €295,7 k €21,4 k €
EBITDA241 k €85,4 k €73,2 k €121,8 k €-715,8 €
Operating result-103,5 k €-170,2 k €-86,3 k €52,3 k €-6,3 k €
Net result41,3 k €-94,5 k €-7,6 k €77,1 k €-7,7 k €
Balance sheet
Equity2,1 M €1,5 M €970,7 k €1,1 M €156,3 k €
Total assets2,4 M €1,9 M €1,2 M €1,4 M €314,6 k €
Cash143,5 k €246 k €81,8 k €338 k €114,1 k €
Debts329,3 k €314,8 k €269,6 k €354 k €158,2 k €
Other
Workforce5,5 ETP5,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 9 ended

Active mandates

Moises MAESTRO

Director · since 21 mars 2025 · until 30 juin 2026

Active
BAM CONSULT

Director · since 01 janvier 2025 · until 30 juin 2026 · 0681.719.958

Represented by Philippe STAS

Active
MaRa

Director · since 06 juin 2024 · 1005.399.456

Represented by Hendrik THYS

Active
DOING WELL BY DOING GOOD S.A.

Director · since 03 février 2022 · 0781.483.468

Represented by Christiaan CARDON

Active
Wouter VAN PUTTE

Director · since 02 septembre 2020

Active

Ended mandates

Moises MAESTRO

Director · since 21 mars 2025

Ended
BAM CONSULT

Director · since 01 janvier 2025 · 0681.719.958

Represented by STAS PHILIPPE

Ended
MaRa

Director · since 06 juin 2024 · 1005.399.456

Represented by Hendrik THYS

Ended
Doing Well By Doing Good BO

Director · since 03 février 2022 · 0781.483.468

Represented by Christiaan Cardon

Ended
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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202204/09/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months16 months
Filing date30/07/202618/07/202511/07/202419/07/202327/06/2022
General meeting30/06/202627/06/202517/06/202423/06/202327/05/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202630/07/2026DutchPDF
Abridged model31/12/202427/06/202518/07/2025DutchPDF
Micro model31/12/202317/06/202411/07/2024DutchPDF
Micro model31/12/202223/06/202319/07/2023DutchPDF
Micro model31/12/202127/05/202227/06/2022DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 5 active · 9 ended

Active mandates

Moises MAESTRO

Director · since 21 mars 2025 · until 30 juin 2026

Active
BAM CONSULT

Director · since 01 janvier 2025 · until 30 juin 2026 · 0681.719.958

Represented by Philippe STAS

Active
MaRa

Director · since 06 juin 2024 · 1005.399.456

Represented by Hendrik THYS

Active
DOING WELL BY DOING GOOD S.A.

Director · since 03 février 2022 · 0781.483.468

Represented by Christiaan CARDON

Active
Wouter VAN PUTTE

Director · since 02 septembre 2020

Active

Ended mandates

Moises MAESTRO

Director · since 21 mars 2025

Ended
BAM CONSULT

Director · since 01 janvier 2025 · 0681.719.958

Represented by STAS PHILIPPE

Ended
MaRa

Director · since 06 juin 2024 · 1005.399.456

Represented by Hendrik THYS

Ended
Doing Well By Doing Good BO

Director · since 03 février 2022 · 0781.483.468

Represented by Christiaan Cardon

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/07/2024
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/02/2022
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares07/10/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DOEL - KAPITAAL - AANDELEN
    PDF
  • Other22/01/2021
    DIVERSEN
    PDF
  • Other08/09/2020
    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 202541,3 k €
  2. 2024
    Annual accounts 2024-94,5 k €
  3. 2023
    Annual accounts 2023-7,6 k €
  4. 2022
    Annual accounts 202277,1 k €
  5. 2021
    Annual accounts 2021-7,7 k €
  6. 04/09/2020
    IncorporationPrivate limited company