ACTIVE

PMV Fund Management

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Financial year 2025 · closed on 31/12/2025

Net result

622,7 k €

-8.5% YoY

Revenue

6,4 M €

-9.3% YoY

Equity

3,7 M €

+20.4% YoY

Workforce

8,0 ETP

0.0% YoY

What does PMV Fund Management do?

PMV Fund Management is a Public limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles. It employs on average 8,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0837.927.372

Incorporation

15/07/2011

Legal form

Public limited company

Registered office

Rue du Vieux Marché aux Grains 63
1000 Bruxelles · BruxellesSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

8,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Revenue	6,4 M €	-9.3%	7 M €	+13.4%	6,2 M €	+18.4%	5,2 M €	+105%	2,5 M €	+120%	1,2 M €	-44.8%	2,1 M €	+21.9%	1,7 M €	-0.4%	1,7 M €	+148%	699,1 k €	-46.7%	1,3 M €	+92.8%	680 k €	+16.2%	585,2 k €	-56.4%	1,3 M €
EBITDA	798,2 k €	-1.1%	807,2 k €	-38.4%	1,3 M €	+53.0%	856,4 k €	+334%	-366,1 k €	-467%	99,9 k €	-84.1%	626,6 k €	+594%	-126,8 k €	-181%	157,2 k €	+191%	-172,7 k €	-126%	669 k €	+337%	-282 k €	-4.9%	-268,8 k €	-175%	360,4 k €
Operating result	796 k €	-1.1%	804,7 k €	-38.5%	1,3 M €	+52.9%	855,9 k €	+333%	-366,6 k €	-469%	99,4 k €	-84.1%	626,4 k €	+593%	-127,1 k €	-182%	155,5 k €	+189%	-174,5 k €	-126%	667,4 k €	+336%	-283,3 k €	-4.9%	-270,1 k €	-176%	357,5 k €
Net result	622,7 k €	-8.5%	680,8 k €	-36.9%	1,1 M €	+69.3%	637,2 k €	+285%	-344 k €	-542%	77,8 k €	-83.4%	468,7 k €	+505%	-115,7 k €	-171%	163,4 k €	+200%	-163,3 k €	-126%	625,8 k €	+324%	-279,4 k €	-5.1%	-265,8 k €	-210%	241,5 k €
Balance sheet
Equity	3,7 M €	+20.4%	3,1 M €	+28.7%	2,4 M €	+83.2%	1,3 M €	+96.7%	659 k €	-34.3%	1 M €	+8.4%	925,1 k €	+103%	456,5 k €	-20.2%	572,2 k €	+40.0%	408,8 k €	-28.5%	572,1 k €	+1166%	-53,7 k €	-240%	38,2 k €	-87.4%	304 k €
Total assets	5,8 M €	+3.9%	5,6 M €	-35.5%	8,7 M €	+73.7%	5 M €	+83.0%	2,7 M €	+82.4%	1,5 M €	-18.0%	1,8 M €	+164%	691,4 k €	-6.8%	741,5 k €	+5.6%	702,2 k €	-43.3%	1,2 M €	+100%	618,1 k €	+26.3%	489,2 k €	+20.1%	407,2 k €
Cash	5,2 M €	+15.1%	4,5 M €	-25.9%	6,1 M €	+91.9%	3,2 M €	+209%	1 M €	+825%	111,7 k €	-73.3%	418,2 k €	+41.1%	296,3 k €	-24.9%	394,4 k €	+19.2%	331 k €	+113%	155,2 k €	+129%	67,9 k €	-78.3%	313,5 k €	+4.7%	299,3 k €
Debts	2,1 M €	-15.9%	2,5 M €	-59.7%	6,3 M €	+70.2%	3,7 M €	+79.5%	2,1 M €	+318%	493,1 k €	-45.2%	899,2 k €	+283%	234,9 k €	+38.8%	169,2 k €	-42.3%	293,4 k €	-56.0%	666,3 k €	-0.8%	671,7 k €	+49.0%	450,9 k €	+339%	102,8 k €
Other
Workforce	8,0 ETP	0.0%	8,0 ETP	+45.5%	5,5 ETP	+37.5%	4,0 ETP	+186%	1,4 ETP	+40.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 21 ended

Active mandates

Geert Diericx

Director · since 02 mai 2023 · until 04 mai 2027

Active

Michel Casselman

Director · since 02 mai 2023 · until 04 mai 2027

Active

Marc Vermeiren

Chairman of the board of directors · since 21 octobre 2021 · until 04 mai 2027

Active

Tine Vandenbussche

Director · since 21 octobre 2021 · until 25 avril 2026

Active

Ended mandates

Marc Vermeiren

Director · since 21 octobre 2021 · until 04 mai 2027

Ended

Tine Vandenbussche

Director · since 21 octobre 2021 · until 04 mai 2027

Ended

Participatiemaatschappij Vlaanderen

Director · since 16 août 2021 · until 20 octobre 2021 · 0455.777.660

Represented by Tine Vandenbussche

Ended

Elke Van de Walle

Director · since 09 novembre 2020 · until 15 août 2021

Ended

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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	07/05/2026	26/05/2025	27/05/2024	08/05/2023	09/05/2022	18/05/2021
General meeting	05/05/2026	09/05/2025	07/05/2024	02/05/2023	03/05/2022	04/05/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/05/2026	07/05/2026	Dutch	PDF
Full model	31/12/2024	09/05/2025	26/05/2025	Dutch	PDF
Full model	31/12/2023	07/05/2024	27/05/2024	Dutch	PDF
Full model	31/12/2022	02/05/2023	08/05/2023	Dutch	PDF
Full model	31/12/2021	03/05/2022	09/05/2022	Dutch	PDF
Full model	31/12/2020	04/05/2021	18/05/2021	Dutch	PDF
Full model	31/12/2019	05/05/2020	28/05/2020	Dutch	PDF
Full model	31/12/2018	07/05/2019	22/05/2019	Dutch	PDF
Full model	31/12/2017	02/05/2018	14/05/2018	Dutch	PDF
Full model	31/12/2016	02/05/2017	29/05/2017	Dutch	PDF
Full model	31/12/2015	03/05/2016	18/05/2016	Dutch	PDF
Full model	31/12/2014	05/05/2015	19/05/2015	Dutch	PDF
Full model	31/12/2013	06/05/2014	13/05/2014	Dutch	PDF
Full model	31/12/2012	07/05/2013	03/06/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 21 ended

Active mandates

Geert Diericx

Director · since 02 mai 2023 · until 04 mai 2027

Active

Michel Casselman

Director · since 02 mai 2023 · until 04 mai 2027

Active

Marc Vermeiren

Chairman of the board of directors · since 21 octobre 2021 · until 04 mai 2027

Active

Tine Vandenbussche

Director · since 21 octobre 2021 · until 25 avril 2026

Active

Ended mandates

Marc Vermeiren

Director · since 21 octobre 2021 · until 04 mai 2027

Ended

Tine Vandenbussche

Director · since 21 octobre 2021 · until 04 mai 2027

Ended

Participatiemaatschappij Vlaanderen

Director · since 16 août 2021 · until 20 octobre 2021 · 0455.777.660

Represented by Tine Vandenbussche

Ended

Elke Van de Walle

Director · since 09 novembre 2020 · until 15 août 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/08/2026
Ontslag bestuurder
PDF
Mandates17/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/06/2021
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2021
ONTSLAGEN - BENOEMINGEN
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 2025622,7 k €↓
2024
Annual accounts 2024680,8 k €↓
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022637,2 k €↑
2021
Annual accounts 2021-344 k €↓
2020
Annual accounts 202077,8 k €↓
2019
Annual accounts 2019468,7 k €↑
2018
Annual accounts 2018-115,7 k €↓
2017
Annual accounts 2017163,4 k €↑
2016
Annual accounts 2016-163,3 k €↓
2015
Annual accounts 2015625,8 k €↑
2014
Annual accounts 2014-279,4 k €↓
2013
Annual accounts 2013-265,8 k €↓
2012
Annual accounts 2012241,5 k €
15/07/2011
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

PMV Fund Management

Overview

What does PMV Fund Management do?

Trend over 14 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