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PxP Projects

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Financial year 2025 · closed on 31/12/2025

Net result

7,1 k €

-84.0% YoY

Gross margin

1,1 M €

+5.5% YoY

Equity

520,1 k €

+1.4% YoY

Workforce

15,6 ETP

+9.1% YoY

What does PxP Projects do?

PxP Projects is a Private limited company incorporated in 2006. Its registered office is in Zottegem. It employs on average 15,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0881.086.731

Incorporation

25/04/2006

Legal form

Private limited company

Registered office

Boskouter 13
9620 Zottegem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

15,6 ETP

Joint committees (5)

124
12400
200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	1,1 M €	+5.5%	1 M €	+33.9%	749,4 k €	+17.8%	636,4 k €	-20.2%	797,1 k €	+22.3%	651,7 k €	+0.5%	648,5 k €	+25.3%	517,3 k €	+1.7%	508,7 k €	+253%	144,1 k €	-3.9%	149,9 k €	+19.8%	125,1 k €	+56.8%	79,8 k €	+35.7%	58,8 k €	+91.3%	30,7 k €	-25.7%	41,4 k €	+731%	5 k €
EBITDA	152,1 k €	-22.8%	197,1 k €	+56.3%	126,1 k €	+59.4%	79,1 k €	-72.6%	289 k €	+130%	125,9 k €	+206%	41,1 k €	+152%	-79,7 k €	-182%	96,9 k €	+82.1%	53,2 k €	-46.8%	100 k €	-16.5%	119,8 k €	+51.7%	78,9 k €	+34.7%	58,6 k €	+93.4%	30,3 k €	-26.4%	41,2 k €	+785%	4,7 k €
Operating result	26,8 k €	-64.5%	75,5 k €	+36.0%	55,5 k €	+440%	-16,3 k €	-108%	196,8 k €	+93.5%	101,7 k €	+627%	14 k €	+112%	-113,4 k €	-287%	60,6 k €	+264%	16,6 k €	-67.5%	51,3 k €	-33.8%	77,5 k €	+47.6%	52,5 k €	+63.8%	32 k €	+742%	3,8 k €	-81.8%	21 k €	+1532%	1,3 k €
Net result	7,1 k €	-84.0%	44,5 k €	+22.9%	36,2 k €	+210%	-32,9 k €	-127%	121 k €	+48.4%	81,5 k €	+10261%	787,1 €	+101%	-121,1 k €	-426%	37,1 k €	+55.9%	23,8 k €	+6.1%	22,4 k €	-31.5%	32,8 k €	+31.7%	24,9 k €	+18.5%	21 k €	+261%	5,8 k €	-71.9%	20,7 k €	+1673%	1,2 k €
Balance sheet
Equity	520,1 k €	+1.4%	513 k €	+9.3%	469,3 k €	+8.4%	433 k €	-7.1%	466 k €	+175%	169,4 k €	+92.8%	87,9 k €	+0.9%	87,1 k €	-58.2%	208,2 k €	+21.7%	171,1 k €	+16.1%	147,3 k €	+18.0%	124,9 k €	+35.6%	92,1 k €	+37.0%	67,2 k €	+88.6%	35,7 k €	+19.5%	29,8 k €	+226%	9,2 k €
Total assets	1,4 M €	-13.4%	1,6 M €	+16.8%	1,4 M €	+3.5%	1,4 M €	-15.1%	1,6 M €	+100%	800,6 k €	+3.0%	777,5 k €	+9.7%	708,4 k €	-13.4%	817,6 k €	+12.8%	725 k €	-14.8%	850,6 k €	+36.4%	623,5 k €	+14.2%	545,8 k €	+13.3%	481,7 k €	+301%	120,3 k €	-0.2%	120,5 k €	+244%	35 k €
Cash	145,1 k €	-9.1%	159,7 k €	-19.4%	198,1 k €	+53.9%	128,7 k €	-39.5%	212,7 k €	+61.6%	131,6 k €	+233%	39,6 k €	-76.6%	169,1 k €	-2.6%	173,6 k €	+456%	31,2 k €	+268%	8,5 k €	-26.7%	11,6 k €	-91.7%	140 k €	+1587%	8,3 k €	+763%	961 €	-96.7%	29,4 k €	+1249%	2,2 k €
Debts	900,3 k €	+15.2%	781,2 k €	-15.6%	926,2 k €	-0.1%	927,3 k €	-18.2%	1,1 M €	+80.2%	629,3 k €	-8.7%	689,6 k €	+14.6%	601,5 k €	+2.4%	587,7 k €	+8.4%	542,2 k €	-22.3%	697,3 k €	+40.6%	496 k €	+13.3%	437,6 k €	+7.3%	407,8 k €	+391%	83,1 k €	-6.9%	89,2 k €	+249%	25,6 k €
Other
Workforce	15,6 ETP	+9.1%	14,3 ETP	+12.6%	12,7 ETP	+11.4%	11,4 ETP	+8.6%	10,5 ETP	-1.9%	10,7 ETP	-8.5%	11,7 ETP	+1.7%	11,5 ETP	-1.7%	11,7 ETP	+800%	1,3 ETP	+44.4%	0,9 ETP		–		–		–		–		–		–

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 31/12/2025 · 1 active · 4 ended

Active mandates

Pieter Vrijsen

Director

Active

Ended mandates

Pieter Vrijsen

Director · since 11 juillet 2023

Ended

Pieter Vrijsen

Director · since 01 janvier 2007

Ended

Pieter VRIJSEN

Manager · since 01 janvier 2007

Ended

PIETER VRIJSEN

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
PSA GROUP● Active	0543.382.617
PXP Immo● Active	0846.863.250
Woodsystems● Active	1036.586.837

Annual accounts

Full financial information

	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	10/03/2026	30/06/2025	02/07/2024	07/07/2023	30/05/2022	10/05/2021
General meeting	16/02/2026	23/06/2025	30/06/2024	25/06/2023	18/05/2022	07/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/02/2026	10/03/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	25/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	18/05/2022	30/05/2022	Dutch	PDF
Abridged model	31/12/2020	07/05/2021	10/05/2021	Dutch	PDF
Abridged model	31/12/2019	28/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/04/2019	03/05/2019	Dutch	PDF
Abridged model	31/12/2017	23/04/2018	27/04/2018	Dutch	PDF
Abridged model	31/12/2016	25/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	26/06/2016	08/12/2016	Dutch	PDF
Abridged model	31/12/2014	28/06/2015	11/12/2015	Dutch	PDF
Abridged model	31/12/2013	29/06/2014	31/12/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	14/08/2013	Dutch	PDF
Abridged model	31/12/2011	24/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	26/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	27/06/2010	29/10/2010	Dutch	PDF
Abridged model	31/12/2008	28/06/2009	30/11/2009	Dutch	PDF
Abridged model	31/12/2007	29/06/2008	30/09/2008	Dutch	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 31/12/2025 · 1 active · 4 ended

Active mandates

Pieter Vrijsen

Director

Active

Ended mandates

Pieter Vrijsen

Director · since 11 juillet 2023

Ended

Pieter Vrijsen

Director · since 01 janvier 2007

Ended

Pieter VRIJSEN

Manager · since 01 janvier 2007

Ended

PIETER VRIJSEN

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring05/05/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring19/02/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates13/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/01/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/08/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/05/2009
Ontslagen en benoemingen
PDF
Mandates25/03/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2007
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 20257,1 k €↓
2024
Annual accounts 202444,5 k €↑
2023
Annual accounts 202336,2 k €↑
2022
Annual accounts 2022-32,9 k €↓
2021
Annual accounts 2021121 k €↑
2018
Annual accounts 201881,5 k €↑
2017
Annual accounts 2017787,1 €↑
2016
Annual accounts 2016-121,1 k €↓
2015
Annual accounts 201537,1 k €↑
2014
Annual accounts 201423,8 k €↑
2013
Annual accounts 201322,4 k €↓
2012
Annual accounts 201232,8 k €↑
2011
Annual accounts 201124,9 k €↑
2010
Annual accounts 201021 k €↑
2009
Annual accounts 20095,8 k €↓
2008
Annual accounts 200820,7 k €↑
2007
Annual accounts 20071,2 k €
25/04/2006
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

PxP Projects

Overview

What does PxP Projects do?

Trend over 17 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