ACTIVE

PENEN DRILLING SYSTEM

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Financial year 2025 · closed on 31/12/2025

Net result

44 k €

-36.2% YoY

Revenue

2,9 M €

-2.3% YoY

Equity

1,2 M €

+3.9% YoY

What does PENEN DRILLING SYSTEM do?

PENEN DRILLING SYSTEM is a Public limited company incorporated in 2010. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Malle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0823.995.105

Incorporation

16/03/2010

Legal form

Public limited company

Registered office

Nijverheidsstraat 5
2390 Malle · FlandreSee on map

Contributed capital

300 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

46741Wholesale of hardware, plumbing and heating equipment and supplies· main 46841Wholesale trade, except of motor vehicles and motorcycles 25999Manufacture of other fabricated metal products n.e.c.25999Manufacture of other fabricated metal products n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	2,9 M €	-2.3%	3 M €	-3.4%	3,1 M €	+9.6%	2,8 M €	-13.5%	3,2 M €	-22.4%	4,2 M €	+68.8%	2,5 M €	+28.3%	1,9 M €	+51.4%	1,3 M €	+23.5%	1 M €	+25.3%	821,4 k €	+115%	381,5 k €	-49.4%	754,3 k €	-40.0%	1,3 M €	+94.8%	645,1 k €	-58.0%	1,5 M €
EBITDA	117,9 k €	+17.4%	100,4 k €	-16.7%	120,5 k €	+226%	-95,9 k €	-179%	121,2 k €	-1.6%	123,2 k €	+38.5%	88,9 k €	-10.4%	99,3 k €	+106%	48,1 k €	-48.9%	94,1 k €	+96.9%	47,8 k €	-12.2%	54,5 k €	-61.2%	140,5 k €	-10.6%	157,2 k €	+155%	61,6 k €	-65.0%	176,1 k €
Operating result	55,9 k €	-44.3%	100,4 k €	-16.7%	120,5 k €	+564%	18,1 k €	+410%	3,6 k €	-96.9%	115,1 k €	+43.8%	80,1 k €	-23.7%	104,9 k €	+144%	43 k €	-54.0%	93,3 k €	+33.1%	70,1 k €	+31.4%	53,4 k €	-46.1%	98,9 k €	-35.8%	154 k €	+164%	58,4 k €	-66.2%	172,6 k €
Net result	44 k €	-36.2%	68,9 k €	-18.3%	84,3 k €	+572%	12,5 k €	+3659%	333,6 €	-99.6%	84 k €	+48.2%	56,7 k €	-14.9%	66,7 k €	+160%	25,6 k €	-57.5%	60,3 k €	+44.4%	41,8 k €	+36.0%	30,7 k €	-48.1%	59,2 k €	-36.6%	93,3 k €	+182%	33,1 k €	-67.8%	102,5 k €
Balance sheet
Equity	1,2 M €	+3.9%	1,1 M €	+6.6%	1,1 M €	+8.7%	966,8 k €	+1.3%	954,2 k €	+0.0%	953,9 k €	+9.7%	869,8 k €	+7.0%	813,1 k €	+8.9%	746,4 k €	+3.6%	720,8 k €	+9.1%	660,5 k €	+6.7%	618,8 k €	+5.2%	588,1 k €	+11.2%	528,9 k €	+21.4%	435,6 k €	+8.2%	402,5 k €
Total assets	2 M €	+24.1%	1,6 M €	-10.9%	1,8 M €	-2.0%	1,9 M €	-11.6%	2,1 M €	-22.4%	2,8 M €	+119%	1,3 M €	-13.0%	1,4 M €	+29.2%	1,1 M €	+15.4%	967,7 k €	-15.2%	1,1 M €	+11.7%	1 M €	-15.8%	1,2 M €	+1.4%	1,2 M €	-29.5%	1,7 M €	+52.4%	1,1 M €
Cash	558,4 k €	+131%	241,7 k €	-68.0%	754,2 k €	+365%	162,2 k €	-55.0%	360,7 k €	-11.1%	405,5 k €	+46.7%	276,4 k €	+115%	128,8 k €	+15.3%	111,6 k €	-26.2%	151,3 k €	+145%	61,9 k €	+16.2%	53,3 k €	-15.9%	63,4 k €	-50.4%	127,9 k €	+85.0%	69,1 k €	-64.0%	191,9 k €
Debts	877,4 k €	+67.0%	525,4 k €	-34.0%	796,4 k €	-13.4%	919,1 k €	-22.1%	1,2 M €	-34.4%	1,8 M €	+367%	384,8 k €	-38.9%	629,8 k €	+70.4%	369,6 k €	+50.2%	246,1 k €	-48.7%	479,3 k €	+19.3%	401,7 k €	-35.6%	623,7 k €	-5.3%	658,8 k €	-47.7%	1,3 M €	+77.6%	709,5 k €

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 · 3 active · 16 ended

Active mandates

Erik Karlsen

Director · since 06 mai 2021 · until 06 mai 2027

Active

Ha-Ver

Managing director · since 06 mai 2021 · until 06 mai 2027 · 0831.569.320

Represented by Koen Hannes

Active

Pretec Group AS

Director · since 06 mai 2021 · until 06 mai 2027

Represented by Even A. Karlsen

Active

Ended mandates

Erik Karlsen

Director · since 07 mai 2020 · until 30 septembre 2021

Ended

Ha-Ver

Managing director · since 01 octobre 2015 · until 30 septembre 2021 · 0831.569.320

Represented by Koen Hannes

Ended

Pre Cast Technology AB

Director · since 30 septembre 2015 · until 07 mai 2020

Represented by Martin Falkenström

Ended

Pre Cast Technology AB

Director · since 30 septembre 2015 · until 30 septembre 2021

Represented by Martin Falkenström

Ended

At this address

Other companies at this address

Company	CBE no.
J. Penen & C°● Active	0404.980.740

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	16/06/2026	07/05/2025	21/05/2024	06/06/2023	09/05/2022	25/05/2021
General meeting	07/05/2026	02/05/2025	02/05/2024	04/05/2023	05/05/2022	06/05/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	07/05/2026	16/06/2026	Dutch	PDF
Full model	31/12/2024	02/05/2025	07/05/2025	Dutch	PDF
Full model	31/12/2023	02/05/2024	21/05/2024	Dutch	PDF
Full model	31/12/2022	04/05/2023	06/06/2023	Dutch	PDF
Full model	31/12/2021	05/05/2022	09/05/2022	Dutch	PDF
Full model	31/12/2020	06/05/2021	25/05/2021	Dutch	PDF
Full model	31/12/2019	07/05/2020	11/05/2020	Dutch	PDF
Full model	31/12/2018	02/05/2019	13/05/2019	Dutch	PDF
Full model	31/12/2017	03/05/2018	08/06/2018	Dutch	PDF
Full model	31/12/2016	04/05/2017	09/06/2017	Dutch	PDF
Full model	31/12/2015	06/05/2016	27/05/2016	Dutch	PDF
Full model	31/12/2014	07/05/2015	28/05/2015	Dutch	PDF
Full model	31/12/2013	02/05/2014	11/06/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	26/06/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	26/05/2011	10/06/2011	Dutch	PDF

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 · 3 active · 16 ended

Active mandates

Erik Karlsen

Director · since 06 mai 2021 · until 06 mai 2027

Active

Ha-Ver

Managing director · since 06 mai 2021 · until 06 mai 2027 · 0831.569.320

Represented by Koen Hannes

Active

Pretec Group AS

Director · since 06 mai 2021 · until 06 mai 2027

Represented by Even A. Karlsen

Active

Ended mandates

Erik Karlsen

Director · since 07 mai 2020 · until 30 septembre 2021

Ended

Ha-Ver

Managing director · since 01 octobre 2015 · until 30 septembre 2021 · 0831.569.320

Represented by Koen Hannes

Ended

Pre Cast Technology AB

Director · since 30 septembre 2015 · until 07 mai 2020

Represented by Martin Falkenström

Ended

Pre Cast Technology AB

Director · since 30 septembre 2015 · until 30 septembre 2021

Represented by Martin Falkenström

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates12/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other26/03/2010
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

2025
Annual accounts 202544 k €↓
2024
Annual accounts 202468,9 k €↓
2023
Annual accounts 202384,3 k €↑
2022
Annual accounts 202212,5 k €↑
2021
Annual accounts 2021333,6 €↓
2020
Annual accounts 202084 k €↑
2019
Annual accounts 201956,7 k €↓
2018
Annual accounts 201866,7 k €↑
2017
Annual accounts 201725,6 k €↓
2016
Annual accounts 201660,3 k €↑
2015
Annual accounts 201541,8 k €↑
2014
Annual accounts 201430,7 k €↓
2013
Annual accounts 201359,2 k €↓
2012
Annual accounts 201293,3 k €↑
2011
Annual accounts 201133,1 k €↓
2010
Annual accounts 2010102,5 k €
16/03/2010
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

PENEN DRILLING SYSTEM

Overview

What does PENEN DRILLING SYSTEM do?

Trend over 16 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