ACTIVE

PAGGEN

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Financial year 2025 · closed on 31/12/2025

Net result

5,9 k €

-83.1% YoY

Gross margin

18,6 k €

-68.4% YoY

Equity

181,1 k €

+3.4% YoY

What does PAGGEN do?

PAGGEN is a Private company with limited liability incorporated in 2011. Its main activity is: Construction of buildings. Its registered office is in Voeren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0840.126.304

Incorporation

29/09/2011

Legal form

Private company with limited liability

Registered office

Rue de la Bise 20
3790 Voeren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	18,6 k €	-68.4%	58,8 k €	-28.4%	82,1 k €	+218%	25,8 k €	-38.5%	41,9 k €	-60.2%	105,3 k €	+101%	52,4 k €	+67.5%	31,3 k €	+63.4%	19,1 k €	-21.5%	24,4 k €	+12.1%	21,7 k €	-17.0%	26,2 k €	-36.4%	41,2 k €	+20.0%	34,3 k €
EBITDA	16,5 k €	-71.2%	57,4 k €	-27.1%	78,8 k €	+221%	24,5 k €	-39.7%	40,6 k €	-60.3%	102,4 k €	+105%	50 k €	+65.8%	30,2 k €	+71.6%	17,6 k €	-26.3%	23,9 k €	+16.1%	20,6 k €	-16.4%	24,6 k €	-38.6%	40,1 k €	+18.7%	33,8 k €
Operating result	13 k €	-75.6%	53,2 k €	-24.1%	70,1 k €	+1272%	5,1 k €	-67.5%	15,7 k €	-77.4%	69,6 k €	+326%	16,3 k €	+174%	6 k €	+1060%	513,3 €	-92.1%	6,5 k €	+115%	3 k €	-45.5%	5,6 k €	-65.2%	16 k €	-9.6%	17,7 k €
Net result	5,9 k €	-83.1%	34,8 k €	-41.8%	59,8 k €	+4881%	1,2 k €	-85.7%	8,4 k €	-82.8%	49 k €	+400%	9,8 k €	+353%	2,2 k €	+744%	256,4 €	-93.7%	4 k €	+373%	853,7 €	-78.4%	3,9 k €	-66.2%	11,7 k €	-8.7%	12,8 k €
Balance sheet
Equity	181,1 k €	+3.4%	175,2 k €	+24.8%	140,5 k €	+14.5%	122,7 k €	+1.0%	121,5 k €	+7.4%	113,1 k €	+76.4%	64,1 k €	+18.0%	54,3 k €	+4.1%	52,2 k €	+0.5%	51,9 k €	+8.4%	47,9 k €	+1.8%	47 k €	+9.2%	43,1 k €	+37.2%	31,4 k €
Total assets	269,8 k €	+1.5%	265,7 k €	-0.6%	267,3 k €	+7.8%	247,9 k €	-8.2%	269,9 k €	+28.4%	210,2 k €	+11.5%	188,6 k €	+16.7%	161,6 k €	+19.2%	135,5 k €	+10.9%	122,2 k €	+35.2%	90,4 k €	+2.1%	88,6 k €	-12.8%	101,5 k €	+17.1%	86,7 k €
Cash	80,1 k €	+1.5%	79 k €	-22.7%	102,2 k €	+373%	21,6 k €	-76.8%	93 k €	-18.1%	113,6 k €	+153%	45 k €	-37.8%	72,3 k €	+128%	31,7 k €	+4.5%	30,3 k €	-16.4%	36,2 k €	-22.9%	47 k €	+31.0%	35,9 k €	+9.3%	32,8 k €
Debts	84,4 k €	-1.9%	86 k €	-30.6%	123,9 k €	+0.5%	123,3 k €	-16.2%	147,1 k €	+53.4%	95,9 k €	-19.5%	119,2 k €	+17.1%	101,8 k €	+22.1%	83,4 k €	+20.5%	69,2 k €	+65.9%	41,7 k €	+1.7%	41 k €	-29.9%	58,4 k €	+5.7%	55,3 k €

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 31/12/2025 · 2 active · 3 ended

Active mandates

Geoffrey Paggen

Director

Active

Guido Paggen

Director

Active

Ended mandates

Samuel Paggen

Director · since 01 mars 2023

Ended

Geoffrey Paggen

Manager

Ended

Guido Paggen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Hook 23● Active	1010.996.059

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	27/07/2026	17/07/2025	18/07/2024	26/07/2023	28/07/2022	23/07/2021
General meeting	30/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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
Micro model	31/12/2025	30/06/2026	27/07/2026	Dutch	PDF
Micro model	31/12/2024	19/06/2025	17/07/2025	Dutch	PDF
Micro model	31/12/2023	20/06/2024	18/07/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	26/07/2023	Dutch	PDF
Micro model	31/12/2021	16/06/2022	28/07/2022	Dutch	PDF
Micro model	31/12/2020	17/06/2021	23/07/2021	Dutch	PDF
Micro model	31/12/2019	18/06/2020	31/07/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	23/07/2019	Dutch	PDF
Micro model	31/12/2017	21/06/2018	24/07/2018	Dutch	PDF
Micro model	31/12/2016	15/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	20/07/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	17/07/2013	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 31/12/2025 · 2 active · 3 ended

Active mandates

Geoffrey Paggen

Director

Active

Guido Paggen

Director

Active

Ended mandates

Samuel Paggen

Director · since 01 mars 2023

Ended

Geoffrey Paggen

Manager

Ended

Guido Paggen

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other20/10/2011
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

2025
Annual accounts 20255,9 k €↓
2024
Annual accounts 202434,8 k €↓
2023
Annual accounts 202359,8 k €↑
2022
Annual accounts 20221,2 k €↓
2021
Annual accounts 20218,4 k €↓
2020
Annual accounts 202049 k €↑
2019
Annual accounts 20199,8 k €↑
2018
Annual accounts 20182,2 k €↑
2017
Annual accounts 2017256,4 €↓
2016
Annual accounts 20164 k €↑
2015
Annual accounts 2015853,7 €↓
2014
Annual accounts 20143,9 k €↓
2013
Annual accounts 201311,7 k €↓
2012
Annual accounts 201212,8 k €
29/09/2011
IncorporationPrivate company with limited liability

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

PAGGEN

Overview

What does PAGGEN 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