ACTIVE

PANELCONSTRUCT

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Financial year 2025 · closed on 31/12/2025
Net result
-21,0 k €
-114.1% YoY
Gross margin
808,7 k €
+10.1% YoY
Equity
-83,5 k €
-33.8% YoY
Workforce
11,3 ETP
+39.5% YoY

What does PANELCONSTRUCT do?

PANELCONSTRUCT is a Private limited company incorporated in 2011. Its main activity is: Electrical, plumbing and other construction installation activities. Its registered office is in Manhay. It employs on average 11,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0834.189.607
Incorporation
02/03/2011
Legal form
Private limited company
Registered office
Rue des Boussines, Vaux-Chavanne 46
6960 Manhay · WallonieSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Average workforce
11,3 ETP
Activities (NACE)
43230Electrical, plumbing and other construction installation activities· main43291Other construction installation43320Joinery installation43320Joinery installation43230Electrical, plumbing and other construction installation activities43291Other construction installation+2
Signals
Positive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin808,7 k €734,5 k €700,8 k €481,8 k €748,1 k €187,7 k €421,6 k €365,8 k €166,0 k €173,5 k €41,9 k €-781,2 €8,5 k €-4,8 k €
EBITDA29,0 k €210,7 k €82,3 k €-133,1 k €208,3 k €-271,8 k €60,5 k €39,2 k €24,1 k €32,2 k €7,6 k €-1,4 k €7,9 k €-6,4 k €
Operating result6,1 k €197,9 k €70,1 k €-147,6 k €186,7 k €-302,4 k €28,4 k €9,8 k €8,8 k €23,8 k €6,1 k €-2,2 k €3,3 k €-14,8 k €
Net result-21,0 k €149,5 k €50,8 k €-161,9 k €177,5 k €-310,4 k €9,8 k €3,2 k €5,6 k €18,9 k €4,9 k €-3,4 k €2,0 k €-21,4 k €
Balance sheet
Equity-83,5 k €-62,4 k €-211,9 k €-262,7 k €-100,8 k €-278,3 k €32,1 k €22,3 k €19,0 k €13,5 k €-5,5 k €-10,3 k €-6,9 k €-9,0 k €
Total assets694,4 k €670,9 k €422,9 k €492,0 k €710,1 k €654,8 k €510,7 k €498,6 k €315,4 k €231,1 k €25,8 k €1,6 k €11,1 k €23,2 k €
Cash130,7 k €25,2 k €11,6 k €41,2 k €45,9 k €51,4 k €4,9 k €28,4 k €33,7 k €12,9 k €2,6 k €1,6 k €2,1 k €3,9 k €
Debts657,0 k €668,9 k €634,7 k €538,1 k €804,7 k €933,1 k €478,6 k €476,3 k €296,4 k €217,7 k €31,1 k €11,9 k €18,0 k €32,1 k €
Other
Workforce11,3 ETP8,1 ETP9,6 ETP11,0 ETP10,4 ETP10,4 ETP7,2 ETP–––2,0 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

FA IMMO

Manager · since 13 mars 2015 · 0479.240.871

Represented by Arnaud HARDENNE

Active

Ended mandates

FA IMMO

Manager · since 13 mars 2015 · 0479.240.871

Represented by Bernard HARDENNE

Ended
FA IMMO

Director · since 13 mars 2015 · 0479.240.871

Represented by Arnaud HARDENNE

Ended
FA IMMO

Managing director · since 13 mars 2015 · 0479.240.871

Represented by Arnaud HARDENNE

Ended
Claude BECKERS

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
ETEM● Active
0687.767.414
FA IMMO● Active
0479.240.871
Groupe HARDENNE● Active
0799.326.223
POLYPANEL BELGIQUE● Active
0880.936.677
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date31/08/202630/07/202505/08/202429/09/202331/07/202230/08/2021
General meeting30/08/202630/07/202505/08/202420/09/202329/07/202223/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/08/202631/08/2026FrenchPDF
Abridged model31/12/202430/07/202530/07/2025FrenchPDF
Abridged model31/12/202305/08/202405/08/2024FrenchPDF
Abridged model31/12/202220/09/202329/09/2023FrenchPDF
Abridged model31/12/202129/07/202231/07/2022FrenchPDF
Abridged model31/12/202023/08/202130/08/2021FrenchPDF
Abridged model31/12/201914/01/202129/01/2021FrenchPDF
Micro model31/12/201810/10/201927/12/2019FrenchPDF
Micro model31/12/201730/08/201831/08/2018FrenchPDF
Micro model31/12/201629/08/201730/08/2017FrenchPDF
Abridged model31/12/201512/10/201624/11/2016FrenchPDF
Abridged model31/12/201420/08/201528/08/2015FrenchPDF
Abridged model31/12/201314/08/201429/08/2014FrenchPDF
Abridged model31/12/201229/06/201331/07/2013FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 6 ended

Active mandates

FA IMMO

Manager · since 13 mars 2015 · 0479.240.871

Represented by Arnaud HARDENNE

Active

Ended mandates

FA IMMO

Manager · since 13 mars 2015 · 0479.240.871

Represented by Bernard HARDENNE

Ended
FA IMMO

Director · since 13 mars 2015 · 0479.240.871

Represented by Arnaud HARDENNE

Ended
FA IMMO

Managing director · since 13 mars 2015 · 0479.240.871

Represented by Arnaud HARDENNE

Ended
Claude BECKERS

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates31/12/2025
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/05/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office21/10/2016
    SIEGE SOCIAL
    PDF
  • Mandates02/04/2015
    DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/09/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Other14/03/2011
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025-21,0 k €↓
  2. 2024
    Annual accounts 2024149,5 k €↑
  3. 2023
    Annual accounts 202350,8 k €↑
  4. 2022
    Annual accounts 2022-161,9 k €↓
  5. 2021
    Annual accounts 2021177,5 k €↑
  6. 2020
    Annual accounts 2020-310,4 k €↓
  7. 2019
    Annual accounts 20199,8 k €↑
  8. 2018
    Annual accounts 20183,2 k €↓
  9. 2017
    Annual accounts 20175,6 k €↓
  10. 2016
    Annual accounts 201618,9 k €↑
  11. 2015
    Annual accounts 20154,9 k €↑
  12. 2014
    Annual accounts 2014-3,4 k €↓
  13. 2013
    Annual accounts 20132,0 k €↑
  14. 2012
    Annual accounts 2012-21,4 k €
  15. 02/03/2011
    IncorporationPrivate limited company