ACTIVE

PBL

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Financial year 2025 · closed on 31/12/2025

Net result

3,4 k €

-52.4% YoY

Gross margin

42,2 k €

+6.1% YoY

Equity

76,7 k €

+4.6% YoY

What does PBL do?

PBL is a Private limited company incorporated in 2004. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.728.364

Incorporation

11/06/2004

Legal form

Private limited company

Registered office

Molendries 6
9300 Aalst · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main 47112Retail sale in non-specialised stores with food, beverages or tobacco predominating 52112Warehousing and storage

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	42,2 k €	+6.1%	39,8 k €	+0.4%	39,7 k €	+81.3%	21,9 k €	-43.1%	38,4 k €	+110%	18,3 k €	-81.7%	99,7 k €	+339%	22,7 k €	+11.1%	20,4 k €	-20.9%	25,8 k €	-5.6%	27,4 k €	+20.0%	22,8 k €	-37.9%	36,7 k €	+347%	8,2 k €	-38.6%	13,4 k €	+158%	-23,1 k €	-268%	13,7 k €	-41.1%	23,2 k €	-3.6%	24,1 k €	-46.7%	45,2 k €
EBITDA	17,2 k €	-35.2%	26,5 k €	+12.1%	23,6 k €	+21.0%	19,5 k €	-45.3%	35,7 k €	+122%	16,1 k €	+7.4%	15 k €	+9.4%	13,7 k €	+4.4%	13,1 k €	-21.6%	16,7 k €	-17.3%	20,2 k €	+61.5%	12,5 k €	-59.4%	30,7 k €	+723%	3,7 k €	+200%	-3,7 k €	+85.8%	-26,5 k €	-353%	10,5 k €	-40.4%	17,6 k €	-17.2%	21,2 k €	+23.7%	17,2 k €
Operating result	14,3 k €	-28.1%	19,9 k €	+75.6%	11,3 k €	+23.7%	9,2 k €	-64.5%	25,8 k €	+266%	7,1 k €	-26.6%	9,6 k €	-8.0%	10,4 k €	+20.6%	8,7 k €	-21.2%	11 k €	-44.8%	19,9 k €	+122%	9 k €	-67.9%	28 k €	+1757%	1,5 k €	+115%	-10,1 k €	+68.4%	-32,2 k €	-1202%	2,9 k €	-72.3%	10,5 k €	-27.7%	14,6 k €	+20.2%	12,1 k €
Net result	3,4 k €	-52.4%	7,1 k €	+2996%	230,9 €	+173%	84,7 €	-99.4%	13,1 k €	+1057%	1,1 k €	-67.8%	3,5 k €	-28.9%	4,9 k €	-15.2%	5,8 k €	-20.2%	7,3 k €	-49.6%	14,5 k €	+195%	4,9 k €	-83.3%	29,3 k €	+666%	3,8 k €	+132%	-12 k €	+66.0%	-35,2 k €	-47036%	75 €	-98.8%	6 k €	-55.1%	13,4 k €	+35.3%	9,9 k €
Balance sheet
Equity	76,7 k €	+4.6%	73,3 k €	+10.8%	66,2 k €	+0.4%	66 k €	+0.1%	65,9 k €	+24.8%	52,8 k €	+2.2%	51,6 k €	+7.3%	48,1 k €	+11.4%	43,2 k €	+15.6%	37,4 k €	+24.2%	30,1 k €	+92.7%	15,6 k €	+45.7%	10,7 k €	+158%	-18,6 k €	+17.1%	-22,4 k €	-115%	-10,4 k €	-142%	24,8 k €	+0.3%	24,7 k €	+74.1%	14,2 k €	+71.1%	8,3 k €
Total assets	493,7 k €	+7.9%	457,5 k €	+29.5%	353,2 k €	+61.0%	219,3 k €	+12.3%	195,4 k €	+10.9%	176,1 k €	-26.2%	238,8 k €	+1.4%	235,4 k €	+56.5%	150,4 k €	+166%	56,5 k €	-29.0%	79,7 k €	-55.6%	179,5 k €	+12.6%	159,4 k €	-46.4%	297,3 k €	+134%	127,2 k €	-7.7%	137,8 k €	-0.3%	138,2 k €	+5.2%	131,4 k €	+15.1%	114,1 k €	-18.8%	140,7 k €
Cash	24,2 k €	+57.1%	15,4 k €	+34.1%	11,5 k €	-39.6%	19 k €	-62.9%	51,2 k €	+88.4%	27,2 k €	+39.3%	19,5 k €	-33.0%	29,1 k €	+215%	9,2 k €	+36.6%	6,8 k €	+6.0%	6,4 k €	-42.6%	11,1 k €	-27.8%	15,4 k €	+331%	3,6 k €	+10.8%	3,2 k €	-72.8%	11,8 k €	-45.4%	21,7 k €	-8.7%	23,7 k €	+263%	6,5 k €	-84.4%	41,9 k €
Debts	417 k €	+8.6%	384,1 k €	+33.9%	287 k €	+87.2%	153,3 k €	+18.4%	129,5 k €	+5.0%	123,3 k €	-34.1%	187,1 k €	-0.1%	187,3 k €	+74.7%	107,2 k €	+459%	19,2 k €	-61.3%	49,6 k €	-69.7%	163,8 k €	+10.2%	148,7 k €	-52.9%	315,9 k €	+111%	149,6 k €	+0.9%	148,2 k €	+30.6%	113,5 k €	+6.3%	106,7 k €	+6.7%	100 k €	-24.5%	132,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP		–		0,3 ETP		–		–		–		–		0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 7 ended

Active mandates

Bhupinder KAUR

Director

Active

Partap HARMANDEEP

Director

Active

Singh LALI GURLAL

Director

Active

SINGH LOVEDEEP

Director

Active

Ended mandates

PARTAP SINGH

Administrator - manager · since 30 septembre 2012

Ended

Bhupinder KAUR

Manager

Ended

Lovepreet SINGH

Director

Ended

Partap SINGH

Director

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	01/01/2025	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	16/07/2026	31/07/2025	31/07/2024	31/07/2023	22/08/2022	26/08/2021
General meeting	27/05/2026	28/05/2025	29/05/2024	31/05/2023	25/05/2022	26/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/05/2026	16/07/2026	Dutch	PDF
Micro model	31/12/2024	28/05/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	29/05/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	31/05/2023	31/07/2023	Dutch	PDF
Micro model	31/12/2021	25/05/2022	22/08/2022	Dutch	PDF
Micro model	31/12/2020	26/05/2021	26/08/2021	Dutch	PDF
Abridged model	31/12/2019	27/05/2020	19/10/2020	Dutch	PDF
Abridged model	31/12/2018	29/05/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/05/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	02/10/2014	Dutch	PDF
Abridged model	31/12/2012	29/05/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	21/09/2012	Dutch	PDF
Abridged model	31/12/2010	06/09/2011	12/10/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	28/05/2009	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	02/06/2008	Dutch	PDF
Abridged model	31/12/2006	06/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 4 active · 7 ended

Active mandates

Bhupinder KAUR

Director

Active

Partap HARMANDEEP

Director

Active

Singh LALI GURLAL

Director

Active

SINGH LOVEDEEP

Director

Active

Ended mandates

PARTAP SINGH

Administrator - manager · since 30 septembre 2012

Ended

Bhupinder KAUR

Manager

Ended

Lovepreet SINGH

Director

Ended

Partap SINGH

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/06/2026
Ontslagen
PDF
Mandates25/02/2025
Benoemingen
PDF
Mandates17/10/2024
Benoemingen
PDF
Mandates07/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2019
ONTSLAGEN - BENOEMINGEN
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 20253,4 k €↓
2024
Annual accounts 20247,1 k €↑
2023
Annual accounts 2023230,9 €↑
2023
Name changePBL
2022
Annual accounts 202284,7 €↓
2021
Annual accounts 202113,1 k €↑
2021
Name changeP.B.L.
2020
Annual accounts 20201,1 k €↓
2019
Annual accounts 20193,5 k €↓
2018
Annual accounts 20184,9 k €↓
2017
Annual accounts 20175,8 k €↓
2016
Annual accounts 20167,3 k €↓
2015
Annual accounts 201514,5 k €↑
2014
Annual accounts 20144,9 k €↓
2013
Annual accounts 201329,3 k €↑
2012
Annual accounts 20123,8 k €↑
2011
Annual accounts 2011-12 k €↑
2010
Annual accounts 2010-35,2 k €↓
2009
Annual accounts 200975 €↓
2008
Annual accounts 20086 k €↓
2007
Annual accounts 200713,4 k €↑
2006
Annual accounts 20069,9 k €
11/06/2004
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

PBL

Overview

What does PBL do?

Trend over 20 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