ACTIVE

P&V Panels

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Financial year 2025 · closed on 31/03/2025
Net result
1,4 M €
-52.0% YoY
Revenue
67 M €
-12.7% YoY
Equity
10,8 M €
+15.2% YoY
Workforce
197,7 ETP
-2.0% YoY

What does P&V Panels do?

P&V Panels is a Public limited company incorporated in 2011. Its registered office is in Heusden-Zolder. It employs on average 197,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0838.329.428
Incorporation
04/08/2011
Legal form
Public limited company
Registered office
Industrieweg 10
3550 Heusden-Zolder · FlandreSee on map
Contributed capital
836 360,17 €
Latest accounts
31/03/2025
Average workforce
197,7 ETP
Joint committees (2)
  • 111
  • 209
Contacts
1 public detail availableLog in to view
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420222021202020192018201720162014201320122011
Income statement
Revenue67 M €76,7 M €47,4 M €37,7 M €42,4 M €44,7 M €36,3 M €33,4 M €29,9 M €6,3 M €10,3 M €11,8 M €10,1 M €
EBITDA3,8 M €6,3 M €2,3 M €420 k €1,4 M €2,7 M €2,2 M €1,6 M €1,3 M €45,1 k €340,4 k €378,8 k €13,4 k €
Operating result2,8 M €5,5 M €1,6 M €-287,4 k €727,1 k €2,3 M €1,6 M €985,1 k €773,6 k €41 k €420,1 k €453,7 k €73,4 k €
Net result1,4 M €3 M €915,5 k €-326,4 k €464 k €1,5 M €1 M €592,8 k €439 k €30,2 k €280 k €304,3 k €52,7 k €
Balance sheet
Equity10,8 M €9,3 M €6,4 M €5,6 M €5,9 M €5,5 M €4,3 M €3,6 M €3,4 M €1,7 M €1,7 M €1,4 M €1,3 M €
Total assets36,2 M €34,9 M €35 M €29,1 M €19,6 M €20,6 M €14 M €13,2 M €17,9 M €3,5 M €3 M €3,8 M €5 M €
Cash1,5 M €1 M €2,8 M €1,9 M €1,4 M €927,9 k €1,2 M €492 k €1,3 M €518,2 k €215,3 k €17,4 k €39,8 k €
Debts25,3 M €25,4 M €28,5 M €23,4 M €13,6 M €15 M €9,6 M €9,5 M €14,5 M €1,8 M €1,3 M €2,3 M €3,7 M €
Other
Workforce197,7 ETP201,7 ETP194,0 ETP196,8 ETP201,4 ETP177,7 ETP178,4 ETP168,1 ETP154,2 ETP42,3 ETP45,9 ETP49,8 ETP49,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 34 ended

Active mandates

VRAMACO

Managing director · since 31 mars 2023 · until 21 septembre 2029 · 0476.043.732

Represented by Joris Vrancken

Active

Ended mandates

VRAMACO

Managing director · since 31 mars 2023 · until 01 juin 2029 · 0476.043.732

Represented by Joris Vrancken

Ended
Hans Wilmots

Director · since 04 juin 2022 · until 31 mars 2023

Ended
CNAP

Director · since 07 juin 2021 · until 31 mars 2023 · 0677.446.713

Represented by Bert Denivel

Ended
CNAP

Director · since 07 juin 2021 · until 07 juin 2027 · 0677.446.713

Represented by Bert Denivel

Ended
At this address

Other companies at this address

CompanyCBE no.
P&V ELEKTROTECHNIEK● Active
0600.833.935
P & V GROUP● Active
0788.296.531
Annual accounts

Full financial information

202520242022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/03/202531/03/202431/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months15 months12 months12 months12 months12 months
Filing date24/09/202501/10/202423/06/202327/06/202228/06/202124/06/2020
General meeting19/09/202520/09/202402/06/202303/06/202204/06/202105/06/2020
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202519/09/202524/09/2025DutchPDF
Full model31/03/202420/09/202401/10/2024DutchPDF
Full model31/12/202202/06/202323/06/2023DutchPDF
Consolidated accounts31/12/202212/07/202313/07/2023DutchPDF
Full model31/12/202103/06/202227/06/2022DutchPDF
Consolidated accounts31/12/202102/09/202205/09/2022DutchPDF
Full model31/12/202004/06/202128/06/2021DutchPDF
Consolidated accounts31/12/202021/06/202128/06/2021DutchPDF
Full model31/12/201905/06/202024/06/2020DutchPDF
Full model31/12/201807/06/201924/06/2019DutchPDF
Full model31/12/201701/06/201827/06/2018DutchPDF
Full model31/12/201602/06/201729/06/2017DutchPDF
Full model31/12/201503/06/201627/06/2016DutchPDF
Full model31/12/201426/06/201530/06/2015DutchPDF
Full model31/12/201327/06/201416/07/2014DutchPDF
Full model31/12/201207/06/201302/07/2013DutchPDF
Full model31/12/201101/06/201213/06/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/03/2025 · 1 active · 34 ended

Active mandates

VRAMACO

Managing director · since 31 mars 2023 · until 21 septembre 2029 · 0476.043.732

Represented by Joris Vrancken

Active

Ended mandates

VRAMACO

Managing director · since 31 mars 2023 · until 01 juin 2029 · 0476.043.732

Represented by Joris Vrancken

Ended
Hans Wilmots

Director · since 04 juin 2022 · until 31 mars 2023

Ended
CNAP

Director · since 07 juin 2021 · until 31 mars 2023 · 0677.446.713

Represented by Bert Denivel

Ended
CNAP

Director · since 07 juin 2021 · until 07 juin 2027 · 0677.446.713

Represented by Bert Denivel

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other27/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates07/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/04/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/06/2021
    BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/04/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/07/2018
    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

Timeline

  1. 2025
    Annual accounts 20251,4 M €↓
  2. 2024
    Annual accounts 20243 M €↑
  3. 2022
    Annual accounts 2022915,5 k €↑
  4. 2021
    Annual accounts 2021-326,4 k €↓
  5. 2020
    Annual accounts 2020464 k €↓
  6. 2019
    Annual accounts 20191,5 M €↑
  7. 2018
    Annual accounts 20181 M €↑
  8. 2017
    Annual accounts 2017592,8 k €↑
  9. 2016
    Annual accounts 2016439 k €↑
  10. 2014
    Annual accounts 201430,2 k €↓
  11. 2013
    Annual accounts 2013280 k €↓
  12. 2012
    Annual accounts 2012304,3 k €↑
  13. 2011
    Annual accounts 201152,7 k €
  14. 04/08/2011
    IncorporationPublic limited company