ACTIVE

PANINVEST

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Financial year 2025 · Closed on 31/12/2025

Net result223 k €-13,6 %over 1 year

Gross margin482,3 k €+334,8 %over 1 year

Equity2,4 M €+10,2 %over 1 year

Identity

Source · BCE/KBO

PANINVEST is a Public limited company incorporated in 2005. Its registered office is in Hoogstraten.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0876.917.018
Incorporation: 25/10/2005
Legal form: Public limited company
Registered office: Lodewijk De Konincklaan 314 box 5
2320 Hoogstraten · FlandreSee on map
Contributed capital: 106 566,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	482,3 k €	+335%	110,9 k €	-77.6%	495,8 k €	-19.7%	617,2 k €	+1534%	37,8 k €
EBITDA	481,1 k €	+338%	109,7 k €	-77.8%	494,7 k €	-19.7%	616,1 k €	+1574%	36,8 k €
Operating result	481,1 k €	+338%	109,7 k €	-77.8%	494,7 k €	-19.7%	616,1 k €	+1574%	36,8 k €
Net result	223 k €	-13.6%	258,1 k €	+21.3%	212,7 k €	-50.3%	427,6 k €	+1594%	25,2 k €
Balance sheet
Equity	2,4 M €	+10.2%	2,2 M €	+2.7%	2,1 M €	+0.6%	2,1 M €	+25.2%	1,7 M €
Total assets	7,6 M €	-1.8%	7,7 M €	-2.3%	7,9 M €	+126%	3,5 M €	-11.6%	4 M €
Cash	96,8 k €	-25.6%	130,2 k €	-77.3%	574,6 k €	+831%	61,7 k €	-79.1%	295,8 k €
Debts	5,2 M €	-6.7%	5,5 M €	-4.2%	5,8 M €	+319%	1,4 M €	-39.2%	2,3 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CRESCENZA0444.962.556Represented by Serge Mush	Directorsince 06/06/2011Managing director21/10/2005 → 2016 accountsended
Mozes Spitzer	Directorsince 10/06/2020
CONDOR REAL ESTATE0635.979.213Represented by Kobe Brankaer	Directorsince 26/07/2017
RCR MANAGEMENT & INVESTMENT0472.517.979Represented by Henricus Jacobus V Croymans	Directorsince 26/07/2017

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Silvain Salamon	Director06/06/2011 → 2021 accountsManaging director06/06/2011 → 2016 accounts

Other companies at this address

Lodewijk De Konincklaan 314 2320 Hoogstraten

Company	CBE no.
PAN-ONTWIKKELING● Active	0678.924.180
RCR MANAGEMENT & INVESTMENT● Active	0472.517.979
RealSale● Active	0631.852.258
VERENIGING VAN MEDE-EIGENAARS VAN HET GEBOUW TE 2320 HOOGSTRATEN LODEWIJK DE KONINCKLAAN 314 RESIDENTIE VISTA● Active	1020.898.868

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	03/06/2026	30/06/2025	26/06/2024	09/06/2023	14/06/2022	14/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	03/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	09/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	10/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	13/06/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	08/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	05/06/2014	Dutch	PDF
Abridged model	31/12/2012	29/03/2013	29/04/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	07/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	07/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	12/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CRESCENZA0444.962.556Represented by Serge Mush	Directorsince 06/06/2011Managing director21/10/2005 → 2016 accountsended
Mozes Spitzer	Directorsince 10/06/2020
CONDOR REAL ESTATE0635.979.213Represented by Kobe Brankaer	Directorsince 26/07/2017
RCR MANAGEMENT & INVESTMENT0472.517.979Represented by Henricus Jacobus V Croymans	Directorsince 26/07/2017

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Silvain Salamon	Director06/06/2011 → 2021 accountsManaging director06/06/2011 → 2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office26/06/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/08/2017
KAPITAAL - AANDELEN
PDF
Capital / shares30/09/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/06/2013
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares05/09/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

CRESCENZA

RCR MANAGEMENT & INVESTMENT

CONDOR REAL ESTATE

Mozes Spitzer

Silvain Salamon

BENNY SPITZER

2005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

PANINVEST

Schoolstraat 32, 2322 Minderhout

DirectorManaging director

Director

Managing directorDirector

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Lodewijk De Konincklaan 314 bte 5, 2320 HoogstratenCurrent		CBE
Schoolstraat 32, 2322 Minderhout	accounts 2022 → 2025	Accounts 2025 · 2026-00134496
Noorderlaan 133 bte 37, 2030 Antwerp-2030	accounts 2021	Accounts 2021 · 2022-20060637

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
PANINVESTCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00134496

Events

2025
Annual accounts 2025223 k €↓
2024
Annual accounts 2024258,1 k €↑
2023
Annual accounts 2023212,7 k €↓
2022
Annual accounts 2022427,6 k €↑
2021
Annual accounts 202125,2 k €↑
2020
Annual accounts 2020-4 k €↓
2019
Annual accounts 2019144 k €↓
2018
Annual accounts 2018366,9 k €↑
2017
Annual accounts 2017-22,3 k €↑
2016
Annual accounts 2016-78,7 k €↓
2015
Annual accounts 201543,4 k €↓
2014
Annual accounts 2014734 k €↑
2013
Annual accounts 2013293,7 k €↓
2012
Annual accounts 20122,3 M €↑
2011
Annual accounts 2011428,7 k €↑
2010
Annual accounts 2010-120,8 k €↓
2009
Annual accounts 2009-98,3 k €↓
2008
Annual accounts 2008274,7 €↓
2007
Annual accounts 2007222,3 k €↑
2006
Annual accounts 2006111,7 k €
25/10/2005
IncorporationPublic limited company

PANINVEST

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events