ACTIVE

PINCEEL

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Financial year 2023 · closed on 31/12/2023

Net result

-37,3 k €

-1774.7% YoY

Gross margin

248,8 k €

-4.3% YoY

Equity

94,8 k €

-28.2% YoY

Workforce

3,0 ETP

What does PINCEEL do?

PINCEEL is a Private company with limited liability incorporated in 2003. Its main activity is: Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres. Its registered office is in Leuven. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.004.473

Incorporation

18/06/2003

Legal form

Private company with limited liability

Registered office

Hertogstraat 88 box 3
3001 Leuven · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2023

Average workforce

3,0 ETP

Activities (NACE)

22110Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres· main 46491Wholesale of other household goods 46491Wholesale of other household goods 51472Air transport 58110Book publishing 58110Book publishing+6

Joint committees (4)

100
1000
2000
218

Signals

Positive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Gross margin	248,8 k €	-4.3%	259,9 k €	+71.1%	151,9 k €	+52.7%	99,5 k €	+18.0%	84,3 k €	-39.6%	139,6 k €	+232%	42 k €	-55.4%	94,2 k €	+31.3%	71,7 k €	+12.9%	63,5 k €	-44.9%	115,4 k €	-15.1%	135,9 k €	-0.2%	136,1 k €	+9.0%	124,8 k €	+196%	42,2 k €
EBITDA	55,7 k €	-65.8%	162,8 k €	+201%	54,1 k €	+146%	22 k €	+172%	8,1 k €	-85.1%	54,2 k €	+197%	-56,2 k €	-443%	16,4 k €	+212%	5,2 k €	+128%	-18,6 k €	-151%	36,5 k €	-16.3%	43,6 k €	-52.0%	90,9 k €	-9.8%	100,8 k €	+169%	37,4 k €
Operating result	-35,1 k €	-215%	30,5 k €	+7.9%	28,2 k €	+336%	6,5 k €	-5.6%	6,9 k €	-86.9%	52,4 k €	+1456%	-3,9 k €	-135%	11,2 k €	+917%	-1,4 k €	+94.6%	-25,1 k €	-235%	18,6 k €	+15.7%	16,1 k €	-78.0%	73 k €	+81.1%	40,3 k €	+136%	17,1 k €
Net result	-37,3 k €	-1775%	2,2 k €	-77.1%	9,7 k €	+5803%	164,7 €	+199%	-167,1 €	-100%	40,3 k €	+4040%	973,5 €	-69.1%	3,1 k €	+145%	-7 k €	+81.1%	-37,1 k €	-440%	10,9 k €	-1.6%	11,1 k €	-81.0%	58,4 k €	+107%	28,2 k €	+146%	11,5 k €
Balance sheet
Equity	94,8 k €	-28.2%	132 k €	+1.7%	129,8 k €	+0.0%	129,8 k €	+0.1%	129,6 k €	-0.1%	129,8 k €	+45.0%	89,5 k €	+1.1%	88,5 k €	+3.7%	85,4 k €	+3.6%	82,4 k €	-31.0%	119,5 k €	+10.0%	108,6 k €	+11.4%	97,5 k €	+31.7%	74 k €	+61.7%	45,8 k €
Total assets	906,7 k €	+27.3%	712,1 k €	-12.2%	811,1 k €	+6.5%	761,5 k €	-6.6%	815,2 k €	-10.0%	906,2 k €	-3.5%	938,9 k €	+7.4%	874,3 k €	+31.7%	663,9 k €	+16.9%	568,1 k €	-13.2%	654,6 k €	+38.2%	473,6 k €	+19.3%	397,1 k €	-19.5%	493 k €	+35.1%	365 k €
Cash	114 k €	+571%	17 k €	-81.2%	90,2 k €	+2394%	3,6 k €	-92.5%	48,3 k €	-65.5%	140 k €	-7.5%	151,3 k €	+90.4%	79,4 k €	+18.4%	67,1 k €	+447%	12,3 k €	-3.3%	12,7 k €	-67.5%	39 k €	+559%	5,9 k €	-87.6%	47,8 k €	+153%	18,9 k €
Debts	812 k €	+40.0%	580,1 k €	-14.9%	681,3 k €	+7.9%	631,7 k €	-7.9%	685,6 k €	-11.7%	776,4 k €	-8.6%	849,4 k €	+8.1%	785,8 k €	+35.8%	578,5 k €	+19.1%	485,7 k €	-9.2%	535,1 k €	+47.9%	361,9 k €	+21.8%	297,1 k €	-29.1%	419 k €	+35.8%	308,5 k €
Other
Workforce	3,0 ETP		0,0 ETP	-100%	1,9 ETP	+18.7%	1,6 ETP	-33.3%	2,4 ETP	+41.2%	1,7 ETP	-10.5%	1,9 ETP	+18.7%	1,6 ETP	+14.3%	1,4 ETP	-30.0%	2,0 ETP	+33.3%	1,5 ETP	+15.4%	1,3 ETP	0.0%	1,3 ETP	+18.2%	1,1 ETP		–

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 31/12/2023 · 1 active · 3 ended

Active mandates

Bart Pinceel

Director · since 18 juin 2003

Active

Ended mandates

Bart Pinceel

Director

Ended

Bart Pinceel

Manager

Ended

Barthold Pinceel

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BEELD BEELD● Active	0428.975.867
Dansvloer● Active	0771.647.767
Grafiek● Active	0439.293.006
Straatrijk● Active	0806.294.385

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/12/2024	28/12/2023	24/11/2022	08/02/2022	26/05/2021	10/10/2019
General meeting	02/12/2024	17/06/2023	17/06/2022	11/06/2021	09/03/2021	08/02/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	02/12/2024	23/12/2024	Dutch	PDF
Abridged model	31/12/2022	17/06/2023	28/12/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	24/11/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	08/02/2022	Dutch	PDF
Abridged model	31/12/2019	09/03/2021	26/05/2021	Dutch	PDF
Abridged model	31/12/2018	08/02/2019	10/10/2019	Dutch	PDF
Abridged model	31/12/2017	24/05/2019	24/05/2019	Dutch	PDF
Abridged model	31/12/2016	13/10/2017	02/11/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	13/12/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	30/06/2015	26/10/2015	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	07/10/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	30/08/2012	Dutch	PDF
Abridged model	30/09/2010	31/03/2011	29/04/2011	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	18/01/2011	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	08/05/2009	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	29/08/2007	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 31/12/2023 · 1 active · 3 ended

Active mandates

Bart Pinceel

Director · since 18 juin 2003

Active

Ended mandates

Bart Pinceel

Director

Ended

Bart Pinceel

Manager

Ended

Barthold Pinceel

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/10/2011
MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other28/01/2010
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other26/06/2003
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

2023
Annual accounts 2023-37,3 k €↓
2022
Annual accounts 20222,2 k €↓
2021
Annual accounts 20219,7 k €↑
2018
Annual accounts 2018164,7 €↑
2017
Annual accounts 2017-167,1 €↓
2016
Annual accounts 201640,3 k €↑
2015
Annual accounts 2015973,5 €↓
2014
Annual accounts 20143,1 k €↑
2013
Annual accounts 2013-7 k €↑
2012
Annual accounts 2012-37,1 k €↓
2011
Annual accounts 201110,9 k €↓
2010
Annual accounts 201011,1 k €↓
2008
Annual accounts 200858,4 k €↑
2007
Annual accounts 200728,2 k €↑
2006
Annual accounts 200611,5 k €
18/06/2003
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

PINCEEL

Overview

What does PINCEEL do?

Trend over 15 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