ACTIVE

PENFRET

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
5,2 M €
+1068.1% YoY
Revenue
2,7 M €
-3.2% YoY
Equity
164,6 M €
+3.3% YoY
Workforce
0,3 ETP
0.0% YoY

What does PENFRET do?

PENFRET is a Public limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Uccle. It employs on average 0,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0840.452.936
Incorporation
18/10/2011
Legal form
Public limited company
Registered office
Place Guy d'Arezzo 19
1180 Uccle · BruxellesSee on map
Contributed capital
7 380 226,94 €
Latest accounts
31/12/2025
Average workforce
0,3 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities64200Activities of holding companies64210Activities of holding companies
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Revenue2,7 M €2,8 M €3,8 M €6 M €2,9 M €2,7 M €5 M €1,9 M €–––––––
EBITDA238,6 k €-9 M €232,2 k €754,4 k €-523,7 k €247,2 k €235 k €90 k €-167 k €-77,3 k €-104,8 k €-103,7 k €-51,4 k €-22,5 k €-9,7 k €
Operating result-128,4 k €-9,6 M €-4,1 M €393,1 k €-878,4 k €-84,4 k €-20,1 k €-54,7 k €-422,3 k €-77,3 k €-104,8 k €-103,7 k €-51,4 k €-22,5 k €-9,7 k €
Net result5,2 M €-539 k €-1,6 M €-2,9 M €9,6 M €5,8 M €103,5 M €10,3 M €19,9 M €13,5 M €-113,1 k €-137,2 k €346,8 k €-716,9 k €-231 k €
Balance sheet
Equity164,6 M €159,4 M €159,9 M €161,5 M €164,4 M €154,9 M €151,4 M €47,9 M €39,9 M €20 M €6,5 M €6,6 M €6,8 M €6,4 M €7,1 M €
Total assets182,2 M €181,1 M €183,6 M €184,2 M €177,7 M €161,8 M €156,3 M €54,5 M €40,2 M €20,5 M €8,4 M €7 M €6,8 M €6,4 M €7,2 M €
Cash3,3 M €3,3 M €5,6 M €8,7 M €14,6 M €7,4 M €41,9 M €5,5 M €14,2 M €3 M €218,6 k €71,1 k €75 k €1,1 M €11,3 k €
Debts17,3 M €21,7 M €22,6 M €22,3 M €13,2 M €6,9 M €4,8 M €6,6 M €296,9 k €501 k €1,9 M €368,4 k €42,4 k €2,1 k €7,3 k €
Other
Workforce0,3 ETP0,3 ETP0,3 ETP––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 18 ended

Active mandates

Green Oak Consult

Director · since 10 septembre 2024 · until 17 juin 2030 · 0838.931.422

Represented by Frédéric de Lamine de Bex

Active
Marc Speeckaert

Director · since 10 septembre 2024 · until 17 juin 2030

Active
RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 17 juin 2030 · 0878.967.973

Represented by Baudouin DUBUISSON

Active
Dominique GAILLARD

Managing director · since 22 juillet 2013 · until 17 juin 2030

Active

Ended mandates

RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 17 juin 2025 · 0878.967.973

Represented by Baudouin DUBUISSON

Ended
RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 01 juin 2019 · 0878.967.973

Represented by Baudouin DUBUISSON

Ended
RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 17 juin 2019 · 0878.967.973

Represented by Baudouin DUBUISSON

Ended
RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 17 juin 2025 · 0878.967.973

Ended
At this address

Other companies at this address

CompanyCBE no.
ALAIN ET ALAIN● Liquidation
0438.969.936
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date29/07/202627/08/202530/08/202431/08/202329/07/202231/08/2021
General meeting30/06/202615/07/202528/06/202414/07/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202629/07/2026FrenchPDF
Full model31/12/202415/07/202527/08/2025FrenchPDF
Full model31/12/202328/06/202430/08/2024FrenchPDF
Full model31/12/202214/07/202331/08/2023FrenchPDF
Full model31/12/202130/06/202229/07/2022FrenchPDF
Full model31/12/202030/06/202131/08/2021FrenchPDF
Full model31/12/201929/09/202013/10/2020FrenchPDF
Full model31/12/201817/06/201928/08/2019FrenchPDF
Micro model31/12/201705/06/201831/07/2018FrenchPDF
Micro model31/12/201602/06/201731/07/2017FrenchPDF
Abridged model31/12/201515/06/201619/07/2016FrenchPDF
Abridged model31/12/201403/06/201512/06/2015FrenchPDF
Abridged model31/12/201328/05/201422/07/2014FrenchPDF
Abridged model31/12/201205/06/201324/07/2013FrenchPDF
Abridged model31/12/201126/06/201222/08/2012FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 18 ended

Active mandates

Green Oak Consult

Director · since 10 septembre 2024 · until 17 juin 2030 · 0838.931.422

Represented by Frédéric de Lamine de Bex

Active
Marc Speeckaert

Director · since 10 septembre 2024 · until 17 juin 2030

Active
RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 17 juin 2030 · 0878.967.973

Represented by Baudouin DUBUISSON

Active
Dominique GAILLARD

Managing director · since 22 juillet 2013 · until 17 juin 2030

Active

Ended mandates

RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 17 juin 2025 · 0878.967.973

Represented by Baudouin DUBUISSON

Ended
RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 01 juin 2019 · 0878.967.973

Represented by Baudouin DUBUISSON

Ended
RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 17 juin 2019 · 0878.967.973

Represented by Baudouin DUBUISSON

Ended
RADIATEURS ELECTRIQUES ROCOURT

Director · since 01 juin 2016 · until 17 juin 2025 · 0878.967.973

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office17/03/2023
    SIEGE SOCIAL
    PDF
  • Registered office10/11/2021
    SIEGE SOCIAL
    PDF
  • Mandates23/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/07/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/03/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/08/2016
    DEMISSIONS, NOMINATIONS
    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 20255,2 M €↑
  2. 2024
    Annual accounts 2024-539 k €↑
  3. 28/06/2024
    reconductionDGST & PARTNERS — REVISEURS D'ENTREPRISES SRL — commissaire
  4. 2023
    Annual accounts 2023-1,6 M €↑
  5. 2022
    Annual accounts 2022-2,9 M €↓
  6. 2021
    Annual accounts 20219,6 M €↑
  7. 2020
    Annual accounts 20205,8 M €↓
  8. 2019
    Annual accounts 2019103,5 M €↑
  9. 2018
    Annual accounts 201810,3 M €↓
  10. 2017
    Annual accounts 201719,9 M €↑
  11. 2016
    Annual accounts 201613,5 M €↑
  12. 2015
    Annual accounts 2015-113,1 k €↑
  13. 2014
    Annual accounts 2014-137,2 k €↓
  14. 2013
    Annual accounts 2013346,8 k €↑
  15. 2012
    Annual accounts 2012-716,9 k €↓
  16. 2011
    Annual accounts 2011-231 k €
  17. 18/10/2011
    IncorporationPublic limited company