ACTIVE

PANDO

Financial year 2025 · closed on 31/12/2025
Net result
631,3 €
-97.5% YoY
Gross margin
861,4 k €
+32.1% YoY
Equity
806,4 k €
-13.9% YoY
Workforce
0,0 ETP

What does PANDO do?

PANDO is a Private limited company incorporated in 2012. Its main activity is: Production of electricity. Its registered office is in Woluwe-Saint-Pierre.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0843.371.052
Incorporation
03/02/2012
Legal form
Private limited company
Registered office
Avenue de Tervueren 412 box 7
1150 Woluwe-Saint-Pierre · BruxellesSee on map
Contributed capital
60 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Joint committees (1)
  • 200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120192018201720162015201420132012
Income statement
Gross margin861,4 k €652,2 k €717,4 k €952,7 k €1,0 M €768,3 k €287,6 k €102,9 k €78,3 k €110,9 k €71,9 k €102,4 k €66,1 k €
EBITDA203,6 k €245,4 k €385,6 k €516,6 k €485,2 k €286,5 k €159,7 k €85,8 k €75,5 k €103,0 k €68,6 k €100,2 k €65,3 k €
Operating result19,0 k €59,7 k €178,4 k €317,3 k €300,5 k €188,3 k €70,9 k €24,6 k €21,0 k €43,0 k €-8,1 k €8,1 k €21,1 k €
Net result631,3 €25,3 k €101,6 k €201,6 k €208,9 k €130,9 k €37,6 k €23,4 k €10,9 k €28,9 k €-21,2 k €16,7 k €19,7 k €
Balance sheet
Equity806,4 k €936,6 k €948,9 k €868,6 k €677,2 k €295,6 k €172,7 k €143,1 k €127,7 k €104,7 k €84,2 k €115,8 k €46,3 k €
Total assets2,7 M €3,3 M €3,4 M €3,6 M €3,3 M €2,2 M €1,8 M €854,8 k €666,6 k €511,3 k €530,7 k €668,1 k €275,8 k €
Cash137,8 k €118,8 k €78,0 k €326,7 k €35,1 k €3,3 k €44,2 k €36,7 k €70,1 k €32,6 k €25,6 k €9,3 k €42,1 k €
Debts1,9 M €2,4 M €2,4 M €2,7 M €2,6 M €1,9 M €1,6 M €710,8 k €533,6 k €401,8 k €439,1 k €545,5 k €229,5 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,0 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Christophe Jonlet

Director

Active
Philippe Rochez

Director

Active

Ended mandates

Christophe Jonlet

Manager

Ended
Christophe Pierre Raymon Jonlet

Director

Ended
Christophe Pierre Raymon Jonlet

Administrator - manager

Ended
Christophe Pierre Raymon Jonlet

Manager

Ended
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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 date21/08/202622/08/202529/08/202430/08/202330/08/202214/12/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202621/08/2026FrenchPDF
Abridged model31/12/202406/06/202522/08/2025FrenchPDF
Abridged model31/12/202307/06/202429/08/2024FrenchPDF
Abridged model31/12/202202/06/202330/08/2023FrenchPDF
Abridged model31/12/202103/06/202230/08/2022FrenchPDF
Abridged modelCorrection31/12/202004/06/202114/12/2021FrenchPDF
Abridged model31/12/202004/06/202131/08/2021FrenchPDF
Abridged modelCorrection31/12/201905/06/202014/12/2021FrenchPDF
Abridged model31/12/201905/06/202021/08/2020FrenchPDF
Micro model31/12/201807/06/201931/08/2019FrenchPDF
Abridged model31/12/201701/06/201831/08/2018FrenchPDF
Micro model31/12/201602/06/201731/08/2017FrenchPDF
Abridged model31/12/201503/06/201631/08/2016FrenchPDF
Abridged model31/12/201405/06/201531/08/2015FrenchPDF
Abridged model31/12/201306/06/201431/08/2014FrenchPDF
Abridged model31/12/201207/06/201330/08/2013FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 8 ended

Active mandates

Christophe Jonlet

Director

Active
Philippe Rochez

Director

Active

Ended mandates

Christophe Jonlet

Manager

Ended
Christophe Pierre Raymon Jonlet

Director

Ended
Christophe Pierre Raymon Jonlet

Administrator - manager

Ended
Christophe Pierre Raymon Jonlet

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/08/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office23/08/2013
    SIEGE SOCIAL
    PDF
  • Other16/02/2012
    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 2025631,3 €
  2. 2024
    Annual accounts 202425,3 k €
  3. 2023
    Annual accounts 2023101,6 k €
  4. 2022
    Annual accounts 2022201,6 k €
  5. 2021
    Annual accounts 2021208,9 k €
  6. 2019
    Annual accounts 2019130,9 k €
  7. 2018
    Annual accounts 201837,6 k €
  8. 2017
    Annual accounts 201723,4 k €
  9. 2016
    Annual accounts 201610,9 k €
  10. 2015
    Annual accounts 201528,9 k €
  11. 2014
    Annual accounts 2014-21,2 k €
  12. 2013
    Annual accounts 201316,7 k €
  13. 2012
    Annual accounts 201219,7 k €
  14. 03/02/2012
    IncorporationPrivate limited company