ACTIVE

LE PAIN

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Financial year 2025 · closed on 30/09/2025

Net result

19,4 k €

-39.2% YoY

Gross margin

257,9 k €

+19.5% YoY

Equity

183,8 k €

-22.5% YoY

What does LE PAIN do?

LE PAIN is a Private limited company incorporated in 2003. Its main activity is: Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.231.038

Incorporation

26/08/2003

Legal form

Private limited company

Registered office

Av. du Bourg. Jean Materne(JB) 54
5100 Namur · WallonieSee on map

Contributed capital

16 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores· main 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 55302Camping grounds, recreational vehicle parks and trailer parks 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities 56102Restaurants and mobile food service activities+1

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	257,9 k €	+19.5%	215,9 k €	-10.2%	240,4 k €	+19.2%	201,6 k €	+61.0%	125,3 k €	-9.2%	137,9 k €	-42.9%	241,4 k €	+60.5%	150,4 k €	+31.2%	114,7 k €	+18.3%	96,9 k €	+6.6%	90,9 k €	-10.4%	101,4 k €	+8.7%	93,3 k €	+15.4%	80,8 k €	+3.5%	78,1 k €	+28.0%	61 k €	-2.3%	62,4 k €
EBITDA	60,2 k €	-12.9%	69,1 k €	-44.8%	125,1 k €	+59.4%	78,5 k €	+59.1%	49,3 k €	+5.4%	46,8 k €	-59.0%	114,1 k €	+44.2%	79,1 k €	+62.7%	48,6 k €	+45.0%	33,5 k €	+2235%	1,4 k €	-93.2%	21 k €	-20.0%	26,3 k €	+20.9%	21,7 k €	+5.1%	20,7 k €	+27.9%	16,2 k €	-36.3%	25,4 k €
Operating result	34,7 k €	-22.1%	44,5 k €	-56.5%	102,3 k €	+75.9%	58,2 k €	+117%	26,8 k €	+122%	12,1 k €	-79.6%	59,1 k €	-24.4%	78,2 k €	+187%	27,2 k €	+111%	12,9 k €	+162%	-20,9 k €	-2205%	990,9 €	-84.9%	6,6 k €	+307%	-3,2 k €	-62.2%	-1,9 k €	-7293%	27,1 €	-99.7%	8,5 k €
Net result	19,4 k €	-39.2%	31,9 k €	-56.2%	72,8 k €	+78.0%	40,9 k €	+87.2%	21,8 k €	+187%	7,6 k €	-84.6%	49,3 k €	-27.2%	67,8 k €	+229%	20,6 k €	+151%	8,2 k €	+130%	-27,3 k €	-271%	-7,4 k €	-3729%	202,8 €	+102%	-9,4 k €	+0.6%	-9,4 k €	-367%	-2 k €	-138%	5,3 k €
Balance sheet
Equity	183,8 k €	-22.5%	237,3 k €	+15.5%	205,4 k €	+53.9%	133,4 k €	+44.2%	92,5 k €	+57.8%	58,6 k €	-2.3%	60 k €	+190%	20,7 k €	+213%	-18,3 k €	+3.2%	-18,9 k €	+49.1%	-37,1 k €	-278%	-9,8 k €	-298%	-2,5 k €	+7.6%	-2,7 k €	-140%	6,7 k €	-58.5%	16,1 k €	-11.1%	18,2 k €
Total assets	335 k €	-21.5%	426,7 k €	+5.5%	404,3 k €	+12.9%	358 k €	+11.8%	320,3 k €	-5.2%	337,9 k €	+34.8%	250,6 k €	+70.3%	147,2 k €	+83.3%	80,3 k €	+39.6%	57,5 k €	-30.3%	82,5 k €	-17.8%	100,3 k €	-27.7%	138,7 k €	-9.7%	153,6 k €	-12.5%	175,6 k €	+19.3%	147,2 k €	-15.1%	173,5 k €
Cash	129,7 k €	+2.0%	127,2 k €	+3.8%	122,5 k €	+48.8%	82,4 k €	+45.9%	56,5 k €	-56.0%	128,2 k €	-15.2%	151,2 k €	+51.0%	100,2 k €	+280%	26,3 k €	+707%	3,3 k €	+26.3%	2,6 k €	-33.2%	3,9 k €	-32.7%	5,8 k €	+29.6%	4,4 k €	-39.2%	7,3 k €	-34.9%	11,2 k €	-70.4%	37,9 k €
Debts	143,8 k €	-24.1%	189,4 k €	-4.6%	198,5 k €	-11.5%	224,2 k €	-1.4%	227,4 k €	-14.1%	264,6 k €	+39.5%	189,7 k €	+50.2%	126,3 k €	+28.4%	98,4 k €	+29.1%	76,2 k €	-36.2%	119,4 k €	+8.6%	110 k €	-22.0%	141 k €	-9.7%	156,1 k €	-7.0%	167,8 k €	+28.3%	130,8 k €	-15.4%	154,6 k €
Other
Workforce	–		–		–		–		–		–		–		3,2 ETP	+23.1%	2,6 ETP	+13.0%	2,3 ETP	-41.0%	3,9 ETP	+21.9%	3,2 ETP	+18.5%	2,7 ETP	+12.5%	2,4 ETP	-11.1%	2,7 ETP	+58.8%	1,7 ETP	-41.4%	2,9 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 30/09/2025 · 2 active · 5 ended

Active mandates

Franz JANSSENS

Director

Active

Laurence BOQUE

Director

Active

Ended mandates

Franz Janssens

Manager · since 27 août 2003

Ended

Laurence Boqué

Manager · since 27 août 2003

Ended

Laurence Boqué

Associate · since 27 août 2003

Ended

Franz JANSSENS

Manager

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/04/2026	28/04/2025	25/04/2024	28/04/2023	22/04/2022	31/03/2021
General meeting	26/03/2026	27/03/2025	28/03/2024	30/03/2023	17/03/2022	25/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	26/03/2026	29/04/2026	French	PDF
Micro model	30/09/2024	27/03/2025	28/04/2025	French	PDF
Micro model	30/09/2023	28/03/2024	25/04/2024	French	PDF
Micro model	30/09/2022	30/03/2023	28/04/2023	French	PDF
Micro model	30/09/2021	17/03/2022	22/04/2022	French	PDF
Micro model	30/09/2020	25/03/2021	31/03/2021	French	PDF
Micro model	30/09/2019	26/03/2020	30/04/2020	French	PDF
Micro model	30/09/2018	28/03/2019	29/04/2019	French	PDF
Micro model	30/09/2017	29/03/2018	28/05/2018	French	PDF
Abridged model	31/03/2016	10/06/2016	14/10/2016	French	PDF
Abridged model	31/03/2015	12/06/2015	30/09/2015	French	PDF
Abridged model	31/03/2014	13/06/2014	13/11/2014	French	PDF
Abridged model	31/03/2013	14/06/2013	29/10/2013	French	PDF
Abridged model	31/03/2012	08/06/2012	31/10/2012	French	PDF
Abridged model	31/03/2011	10/06/2011	28/09/2011	French	PDF
Abridged model	31/03/2010	10/06/2010	17/08/2010	French	PDF
Abridged model	31/03/2009	12/09/2009	26/10/2009	French	PDF
Abridged model	31/03/2008	03/10/2008	28/10/2008	French	PDF
Abridged model	31/03/2007	29/09/2007	31/10/2007	French	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 30/09/2025 · 2 active · 5 ended

Active mandates

Franz JANSSENS

Director

Active

Laurence BOQUE

Director

Active

Ended mandates

Franz Janssens

Manager · since 27 août 2003

Ended

Laurence Boqué

Manager · since 27 août 2003

Ended

Laurence Boqué

Associate · since 27 août 2003

Ended

Franz JANSSENS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other18/04/2017
ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other16/12/2005
DIVERS
PDF
Capital / shares03/02/2005
ANNEE COMPTABLE - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other03/09/2003
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

2025
Annual accounts 202519,4 k €↓
2024
Annual accounts 202431,9 k €↓
2023
Annual accounts 202372,8 k €↑
2022
Annual accounts 202240,9 k €↑
2021
Annual accounts 202121,8 k €↑
2018
Annual accounts 20187,6 k €↓
2017
Annual accounts 201749,3 k €↓
2016
Annual accounts 201667,8 k €↑
2015
Annual accounts 201520,6 k €↑
2014
Annual accounts 20148,2 k €↑
2013
Annual accounts 2013-27,3 k €↓
2012
Annual accounts 2012-7,4 k €↓
2011
Annual accounts 2011202,8 €↑
2010
Annual accounts 2010-9,4 k €↑
2009
Annual accounts 2009-9,4 k €↓
2008
Annual accounts 2008-2 k €↓
2007
Annual accounts 20075,3 k €
26/08/2003
IncorporationPrivate limited company

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

LE PAIN

Overview

What does LE PAIN do?

Trend over 17 financial years

Indicative valuation

Board of directors

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