ACTIVE

PAGAMAT

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Financial year 2025 · closed on 30/09/2025

Net result

57,2 k €

+3.2% YoY

Gross margin

136,8 k €

+22.6% YoY

Equity

499,1 k €

+2.5% YoY

What does PAGAMAT do?

PAGAMAT is a Private limited company incorporated in 2005. Its main activity is: Architectural and engineering activities; technical testing and analysis. Its registered office is in Saint-Hubert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.233.653

Incorporation

14/11/2005

Legal form

Private limited company

Registered office

Parc Industriel 5
6870 Saint-Hubert · WallonieSee on map

Contributed capital

273 427,44 €

Latest accounts

30/09/2025

Activities (NACE)

71320Architectural and engineering activities; technical testing and analysis· main 77320Rental and leasing of construction and civil engineering machinery and equipment 77320Rental and leasing of construction and civil engineering machinery and equipment

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	136,8 k €	+22.6%	111,6 k €	+15.0%	97 k €	-17.6%	117,8 k €	+270%	31,8 k €	-52.3%	66,7 k €	-12.3%	76 k €	+246%	22 k €	-82.3%	123,8 k €	+15.5%	107,2 k €	-33.5%	161,2 k €	-22.1%	206,9 k €	+22.6%	168,8 k €	-8.8%	185 k €	-10.5%	206,8 k €	+10.6%	187 k €	-39.0%	306,5 k €	+294%	77,8 k €	-6.4%	83,1 k €
EBITDA	135,9 k €	+23.5%	110,1 k €	+15.7%	95,1 k €	-18.1%	116,2 k €	+292%	29,6 k €	-47.8%	56,8 k €	-9.2%	62,5 k €	+205%	20,5 k €	-83.2%	122 k €	+15.9%	105,2 k €	-34.2%	160 k €	-22.1%	205,4 k €	+22.8%	167,2 k €	-9.1%	183,9 k €	-10.4%	205,3 k €	+14.6%	179,1 k €	-40.4%	300,4 k €	+305%	74,2 k €	+10.3%	67,3 k €
Operating result	79,9 k €	+14.2%	70 k €	+2.6%	68,2 k €	-21.8%	87,3 k €	+1315%	6,2 k €	-45.8%	11,4 k €	+845%	1,2 k €	+103%	-37,1 k €	-304%	18,2 k €	-41.7%	31,2 k €	-68.5%	99 k €	+19.8%	82,6 k €	+303%	20,5 k €	-71.7%	72,5 k €	-6.5%	77,5 k €	+29.4%	59,9 k €	-68.6%	190,6 k €	+27143%	699,7 €	-16.5%	838,3 €
Net result	57,2 k €	+3.2%	55,5 k €	+10.4%	50,3 k €	-30.3%	72,1 k €	+1170%	5,7 k €	-45.8%	10,5 k €	+2618%	385,3 €	+101%	-38,9 k €	-363%	14,8 k €	-44.1%	26,4 k €	-64.0%	73,5 k €	+20.1%	61,2 k €	+220%	19,1 k €	-64.9%	54,4 k €	-0.2%	54,5 k €	+31.4%	41,4 k €	-66.0%	122,1 k €	+21104%	575,6 €	-43.0%	1 k €
Balance sheet
Equity	499,1 k €	+2.5%	486,9 k €	+2.2%	476,4 k €	+1.1%	471,1 k €	+9.8%	429 k €	-5.4%	453,3 k €	+2.4%	442,9 k €	+0.1%	442,5 k €	-8.1%	481,4 k €	+3.2%	466,6 k €	+6.0%	440,2 k €	+20.0%	366,7 k €	+9.9%	333,8 k €	+6.1%	314,6 k €	+20.9%	260,3 k €	+26.5%	205,8 k €	+25.2%	164,3 k €	+289%	42,3 k €	+1.4%	41,7 k €
Total assets	603,6 k €	+4.1%	579,9 k €	+7.1%	541,7 k €	+3.6%	522,6 k €	+10.0%	475,2 k €	-6.9%	510,3 k €	-2.7%	524,7 k €	-1.6%	533,5 k €	-14.4%	623,4 k €	+12.0%	556,4 k €	+12.2%	495,8 k €	+32.5%	374,2 k €	-6.6%	400,5 k €	+4.5%	383,2 k €	+7.5%	356,5 k €	+28.7%	276,9 k €	-15.2%	326,5 k €	+6.0%	308 k €	+56.2%	197,2 k €
Cash	136,6 k €	+0.1%	136,5 k €	-38.1%	220,5 k €	+278%	58,3 k €	+116%	27 k €	-74.3%	105,1 k €	+47.9%	71,1 k €	+37.6%	51,6 k €	+15.3%	44,8 k €	+52.3%	29,4 k €	+48.6%	19,8 k €	+57.1%	12,6 k €	-76.1%	52,7 k €	+23.2%	42,8 k €	+73.5%	24,7 k €	-3.6%	25,6 k €	-25.7%	34,5 k €	-67.6%	106,2 k €	+853%	11,2 k €
Debts	104,1 k €	+12.4%	92,6 k €	+42.8%	64,9 k €	+26.9%	51,1 k €	+11.4%	45,9 k €	-19.5%	57 k €	-30.4%	81,9 k €	-10.0%	91 k €	-35.9%	142 k €	+58.2%	89,8 k €	+61.4%	55,6 k €	+634%	7,6 k €	-88.6%	66,7 k €	-2.7%	68,6 k €	-28.7%	96,2 k €	+35.3%	71,1 k €	-56.1%	162,1 k €	-39.0%	265,8 k €	+70.9%	155,5 k €

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 30/09/2025 · 3 active · 2 ended

Active mandates

LEJEUNE GEORGES

Mandate

Active

LEJEUNE Pablo

Mandate

Active

MEUNIER Anne-Marie

Mandate

Active

Ended mandates

Georges LEJEUNE

Mandate · since 01 juillet 2005

Ended

Georges LEJEUNE

Director · since 01 juillet 2005

Ended

At this address

Other companies at this address

Company	CBE no.
LEJENCO● Active	0874.023.844
SUDTRAFOR● Active	0444.844.473

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	20/03/2026	31/03/2025	21/03/2024	11/04/2023	05/04/2022	27/04/2021
General meeting	19/03/2026	21/03/2025	15/03/2024	17/03/2023	18/03/2022	19/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	19/03/2026	20/03/2026	French	PDF
Micro model	30/09/2024	21/03/2025	31/03/2025	French	PDF
Micro model	30/09/2023	15/03/2024	21/03/2024	French	PDF
Micro model	30/09/2022	17/03/2023	11/04/2023	French	PDF
Micro model	30/09/2021	18/03/2022	05/04/2022	French	PDF
Micro model	30/09/2020	19/03/2021	27/04/2021	French	PDF
Micro model	30/09/2019	20/03/2020	29/05/2020	French	PDF
Micro model	30/09/2018	15/03/2019	27/05/2019	French	PDF
Micro model	30/09/2017	28/02/2018	28/03/2018	French	PDF
Abridged model	30/09/2016	11/02/2017	30/03/2017	French	PDF
Abridged model	30/09/2015	18/03/2016	24/03/2016	French	PDF
Abridged model	30/09/2014	20/03/2015	25/03/2015	French	PDF
Abridged model	30/09/2013	21/03/2014	30/04/2014	French	PDF
Abridged model	30/09/2012	15/03/2013	02/04/2013	French	PDF
Abridged model	30/09/2011	16/03/2012	20/04/2012	French	PDF
Abridged model	30/09/2010	14/03/2011	28/03/2011	French	PDF
Abridged model	30/09/2009	19/03/2010	31/03/2010	French	PDF
Abridged model	30/09/2008	20/03/2009	31/03/2009	French	PDF
Abridged model	30/09/2007	21/03/2008	18/04/2008	French	PDF
Abridged model	30/09/2006	16/03/2007	28/03/2007	French	PDF

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 30/09/2025 · 3 active · 2 ended

Active mandates

LEJEUNE GEORGES

Mandate

Active

LEJEUNE Pablo

Mandate

Active

MEUNIER Anne-Marie

Mandate

Active

Ended mandates

Georges LEJEUNE

Mandate · since 01 juillet 2005

Ended

Georges LEJEUNE

Director · since 01 juillet 2005

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office21/08/2018
SIEGE SOCIAL
PDF
Capital / shares10/04/2014
CAPITAL, ACTIONS
PDF
Other04/01/2006
DIVERS
PDF
Other23/11/2005
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 202557,2 k €↑
2024
Annual accounts 202455,5 k €↑
2023
Annual accounts 202350,3 k €↓
2022
Annual accounts 202272,1 k €↑
2021
Annual accounts 20215,7 k €↓
2020
Annual accounts 202010,5 k €↑
2019
Annual accounts 2019385,3 €↑
2018
Annual accounts 2018-38,9 k €↓
2017
Annual accounts 201714,8 k €↓
2016
Annual accounts 201626,4 k €↓
2015
Annual accounts 201573,5 k €↑
2014
Annual accounts 201461,2 k €↑
2013
Annual accounts 201319,1 k €↓
2012
Annual accounts 201254,4 k €↓
2011
Annual accounts 201154,5 k €↑
2010
Annual accounts 201041,4 k €↓
2009
Annual accounts 2009122,1 k €↑
2008
Annual accounts 2008575,6 €↓
2007
Annual accounts 20071 k €
14/11/2005
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

PAGAMAT

Overview

What does PAGAMAT do?

Trend over 19 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