ACTIVE

PANE & PICASSO

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Financial year 2024 · closed on 31/12/2024

Net result

52,4 k €

-48.3% YoY

Gross margin

171,9 k €

-18.3% YoY

Equity

45,2 k €

+729.0% YoY

What does PANE & PICASSO do?

PANE & PICASSO is a Private limited company incorporated in 2011. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Wijnegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0833.816.849

Incorporation

17/02/2011

Legal form

Private limited company

Registered office

Turnhoutsebaan 311
2110 Wijnegem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	171,9 k €	-18.3%	210,4 k €	+39.8%	150,5 k €	-11.2%	169,5 k €	+1.0%	167,8 k €	-19.4%	208 k €	+8.3%	192 k €	+14.3%	167,9 k €	+26.5%	132,7 k €	-1.5%	134,7 k €	+10.1%	122,4 k €	+13.2%	108,1 k €	-4.2%	112,8 k €
EBITDA	94,3 k €	-25.2%	126,1 k €	+137%	53,3 k €	-18.2%	65,2 k €	-9.3%	71,8 k €	-13.7%	83,2 k €	+13.4%	73,4 k €	-9.5%	81,1 k €	+28.1%	63,3 k €	+0.6%	62,9 k €	+21.1%	52 k €	+37.8%	37,7 k €	+68.5%	22,4 k €
Operating result	76,5 k €	-31.4%	111,5 k €	+307%	27,4 k €	-24.7%	36,4 k €	+391%	7,4 k €	-57.2%	17,3 k €	+154%	6,8 k €	-48.6%	13,3 k €	+517%	-3,2 k €	+64.9%	-9,1 k €	+53.7%	-19,6 k €	+40.6%	-33 k €	+60.4%	-83,3 k €
Net result	52,4 k €	-48.3%	101,3 k €	+326%	23,8 k €	-25.8%	32,1 k €	+899%	3,2 k €	-72.5%	11,7 k €	+725%	1,4 k €	-81.1%	7,5 k €	+167%	-11,1 k €	+43.2%	-19,6 k €	+36.6%	-30,9 k €	+30.4%	-44,4 k €	+55.9%	-100,6 k €
Balance sheet
Equity	45,2 k €	+729%	-7,2 k €	+93.4%	-108,5 k €	+18.0%	-132,3 k €	+19.5%	-164,3 k €	+1.9%	-167,5 k €	+6.5%	-179,2 k €	+0.8%	-180,6 k €	+4.0%	-188,1 k €	-6.3%	-177 k €	-12.4%	-157,4 k €	-24.4%	-126,5 k €	-54.1%	-82 k €
Total assets	183,8 k €	+44.2%	127,4 k €	+41.3%	90,2 k €	-3.0%	92,9 k €	-15.0%	109,3 k €	-29.5%	155,1 k €	-23.4%	202,5 k €	-23.2%	263,5 k €	-15.5%	311,8 k €	-24.1%	410,5 k €	-13.4%	473,8 k €	-12.9%	544,3 k €	+14.6%	475 k €
Cash	38,6 k €	+51.9%	25,4 k €	-14.5%	29,7 k €	-2.0%	30,3 k €	+283%	7,9 k €	-57.2%	18,5 k €	+390%	3,8 k €		–		4,8 k €	+79.1%	2,7 k €	-80.9%	14,1 k €	+69.2%	8,3 k €	-22.8%	10,8 k €
Debts	138,7 k €	+3.0%	134,6 k €	-32.2%	198,7 k €	-11.8%	225,2 k €	-17.7%	273,7 k €	-15.2%	322,6 k €	-15.5%	381,7 k €	-13.8%	443 k €	-11.2%	498,7 k €	-15.1%	587,5 k €	-6.9%	631,2 k €	-5.9%	670,7 k €	+20.7%	555,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,5 ETP	+4.2%	2,4 ETP	+4.3%	2,3 ETP	+4.5%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 7 ended

Active mandates

Marisa Woucters

Manager · since 01 octobre 2011

Active

Wim Mertens

Manager · since 01 août 2011

Active

Ended mandates

Marisa Woucters

Director · since 01 octobre 2011

Ended

Wim Mertens

Director · since 01 août 2011

Ended

Marisa Woucters

Director

Ended

Marisa Woucters

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/12/2025	31/12/2024	31/12/2023	28/11/2022	06/09/2021	15/09/2020
General meeting	30/05/2025	31/05/2024	26/05/2023	27/05/2022	30/08/2021	07/08/2020
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/05/2025	30/12/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	31/12/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	31/12/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	28/11/2022	Dutch	PDF
Micro model	31/12/2020	30/08/2021	06/09/2021	Dutch	PDF
Micro model	31/12/2019	07/08/2020	15/09/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	09/07/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	27/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	15/07/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 2 active · 7 ended

Active mandates

Marisa Woucters

Manager · since 01 octobre 2011

Active

Wim Mertens

Manager · since 01 août 2011

Active

Ended mandates

Marisa Woucters

Director · since 01 octobre 2011

Ended

Wim Mertens

Director · since 01 août 2011

Ended

Marisa Woucters

Director

Ended

Marisa Woucters

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other21/02/2011
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

2024
Annual accounts 202452,4 k €↓
2023
Annual accounts 2023101,3 k €↑
2022
Annual accounts 202223,8 k €↓
2021
Annual accounts 202132,1 k €↑
2020
Annual accounts 20203,2 k €↓
2019
Annual accounts 201911,7 k €↑
2018
Annual accounts 20181,4 k €↓
2017
Annual accounts 20177,5 k €↑
2016
Annual accounts 2016-11,1 k €↑
2015
Annual accounts 2015-19,6 k €↑
2014
Annual accounts 2014-30,9 k €↑
2013
Annual accounts 2013-44,4 k €↑
2012
Annual accounts 2012-100,6 k €
17/02/2011
IncorporationPrivate 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

PANE & PICASSO

Overview

What does PANE & PICASSO do?

Trend over 13 financial years

Indicative valuation

Board of directors

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