ACTIVE

PQ BELGIUM

Financial year 2025 · Closed on 31/12/2025

Net result13,9 k €-85,1 %over 1 year
Revenue38,3 M €-6,9 %over 1 year
Equity-3,9 M €+0,7 %over 1 year
Workforce364,1 ETP-5,3 %over 1 year

Identity

Source · BCE/KBO

PQ BELGIUM is a Public limited company incorporated in 2009. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Bruxelles. It employs on average 364,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0810.307.316
Incorporation
10/03/2009
Legal form
Public limited company
Registered office
Avenue du Port 86 box C
1000 Bruxelles · BruxellesSee on map
Contributed capital
13 974 904,00 €
Latest accounts
31/12/2025
Average workforce
364,1 ETP
Joint committees (3)
  • 118
  • 220
  • 302
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 17 filings

Trend over 13 financial years

20252024202220212020
Income statement
Revenue38,3 M €41,2 M €36,2 M €24,6 M €18,3 M €
EBITDA2,5 M €2,4 M €1,4 M €-1,4 M €-3,2 M €
Operating result531,1 k €478 k €-351,9 k €-3 M €-5,5 M €
Net result13,9 k €93,6 k €-581,1 k €-3,4 M €-5,8 M €
Balance sheet
Equity-3,9 M €-4 M €-3,5 M €-3 M €353,7 k €
Total assets15,9 M €15,9 M €14,5 M €14,2 M €13,3 M €
Cash4,3 M €4,2 M €3,1 M €4,4 M €3,4 M €
Debts19,8 M €19,6 M €17,2 M €16,5 M €12,3 M €
Other
Workforce364,1 ETP384,6 ETP354,0 ETP370,5 ETP320,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 36 ended

Active mandates

A.V.O. - MANAGEMENT

Director · until 30 juin 2026 · 0462.974.466

Represented by Annick Van Overstraeten

Active
LNF CONSULT

Director · 0823.000.161

Represented by Frank Gysbrechts

Active

Ended mandates

A.V.O. - MANAGEMENT

Director · since 05 août 2020 · until 30 juin 2026 · 0462.974.466

Represented by Annick Van Overstraeten

Ended
XV Lions Advisory

Director · since 05 août 2020 · until 30 juin 2026 · 0687.541.938

Represented by Xavier Vaesen

Ended
FOOD IN SPACE

Director · since 04 juin 2019 · until 15 novembre 2019 · 0708.879.364

Represented by Jan Vangoidsenhoven

Ended
FOOD IN SPACE

Director · since 04 juin 2019 · until 22 mai 2024 · 0708.879.364

Represented by Jan Vangoidsenhoven

Ended

Other companies at this address

Avenue du Port 86 1000 Bruxelles
CompanyCBE no.
AMBER SPA● Active
0794.985.967
0776.509.150
1003.583.279

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull 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 date17/06/202610/06/202503/12/202429/07/202423/12/202228/09/2021
General meeting26/05/202627/05/202504/10/202410/10/202331/08/202231/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/05/202617/06/2026DutchPDF
Full model31/12/202427/05/202510/06/2025DutchPDF
Full model31/12/202304/10/202403/12/2024DutchPDF
Full model31/12/202210/10/202329/07/2024DutchPDF
Full model31/12/202131/08/202223/12/2022DutchPDF
Full model31/12/202031/08/202128/09/2021DutchPDF
Full model31/12/201926/03/202130/04/2021DutchPDF
Full model31/12/201801/10/201927/11/2019DutchPDF
Full model31/12/201725/09/201827/12/2018DutchPDF
Full model31/12/201616/06/201717/11/2017DutchPDF
Full model31/12/201524/05/201625/08/2016DutchPDF
Full model31/12/201416/06/201507/07/2015DutchPDF
Full model31/12/201327/06/201412/08/2014DutchPDF
Full model31/12/201228/06/201329/07/2013DutchPDF
Full model31/12/201112/06/201216/07/2012DutchPDF
Abridged model31/12/201024/05/201126/05/2011DutchPDF
Abridged model31/12/200925/05/201015/06/2010DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 36 ended

Active mandates

A.V.O. - MANAGEMENT

Director · until 30 juin 2026 · 0462.974.466

Represented by Annick Van Overstraeten

Active
LNF CONSULT

Director · 0823.000.161

Represented by Frank Gysbrechts

Active

Ended mandates

A.V.O. - MANAGEMENT

Director · since 05 août 2020 · until 30 juin 2026 · 0462.974.466

Represented by Annick Van Overstraeten

Ended
XV Lions Advisory

Director · since 05 août 2020 · until 30 juin 2026 · 0687.541.938

Represented by Xavier Vaesen

Ended
FOOD IN SPACE

Director · since 04 juin 2019 · until 15 novembre 2019 · 0708.879.364

Represented by Jan Vangoidsenhoven

Ended
FOOD IN SPACE

Director · since 04 juin 2019 · until 22 mai 2024 · 0708.879.364

Represented by Jan Vangoidsenhoven

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates28/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/08/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares12/06/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates22/04/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/07/2019
    DIVERSEN
    PDF
  • Mandates02/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

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 202513,9 k €↓
  2. 2024
    Annual accounts 202493,6 k €↑
  3. 2022
    Annual accounts 2022-581,1 k €↑
  4. 2021
    Annual accounts 2021-3,4 M €↑
  5. 2020
    Annual accounts 2020-5,8 M €↓
  6. 2019
    Annual accounts 2019-1,5 M €↑
  7. 2018
    Annual accounts 2018-2,7 M €↓
  8. 2017
    Annual accounts 2017-1,3 M €↓
  9. 2015
    Annual accounts 2015-366,2 k €↓
  10. 2014
    Annual accounts 2014378,5 k €↑
  11. 2013
    Annual accounts 2013-449,8 k €↓
  12. 2012
    Annual accounts 2012-295,6 k €↑
  13. 2009
    Annual accounts 2009-566,8 k €
  14. 10/03/2009
    IncorporationPublic limited company