ACTIVE

P.NOTERMAN

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Financial year 2025 · closed on 31/12/2025

Net result

137,7 k €

+13.3% YoY

Gross margin

289,1 k €

+10.8% YoY

Equity

705,8 k €

+24.2% YoY

What does P.NOTERMAN do?

P.NOTERMAN is a Private limited company incorporated in 2007. Its main activity is: Dental practice activities. Its registered office is in Malle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.545.446

Incorporation

27/02/2007

Legal form

Private limited company

Registered office

Antwerpsesteenweg 19
2390 Malle · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

86230Dental practice activities· main 86230Dental practice activities

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 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	289,1 k €	+10.8%	260,8 k €	+9.9%	237,4 k €	-24.3%	313,6 k €	+166%	117,9 k €	-2.9%	121,5 k €	-30.7%	175,3 k €	+64.2%	106,7 k €	-20.8%	134,8 k €	-16.5%	161,4 k €	+16.0%	139 k €	+0.1%	138,9 k €	-23.6%	181,8 k €	+8.2%	168,1 k €	+24.5%	135 k €	+38.0%	97,8 k €	+40.1%	69,9 k €	-43.5%	123,7 k €	+1.3%	122,1 k €
EBITDA	251,6 k €	+12.0%	224,5 k €	-0.4%	225,4 k €	-26.9%	308,5 k €	+169%	114,6 k €	-1.8%	116,7 k €	-22.8%	151,1 k €	+89.4%	79,8 k €	-29.3%	112,9 k €	-15.1%	133 k €	+19.2%	111,6 k €	-17.2%	134,8 k €	-24.7%	179,2 k €	+9.0%	164,4 k €	+30.6%	125,9 k €	+32.8%	94,7 k €	+42.0%	66,7 k €	-35.2%	102,9 k €	-15.3%	121,5 k €
Operating result	208,2 k €	+12.8%	184,5 k €	+11.3%	165,7 k €	-29.8%	236 k €	+304%	58,4 k €	-13.3%	67,4 k €	-26.3%	91,4 k €	+459%	16,3 k €	-68.2%	51,3 k €	+97.5%	26 k €	+405%	5,2 k €	-80.0%	25,8 k €	-75.0%	103,2 k €	+13.7%	90,7 k €	+110%	43,2 k €	+232%	13 k €	+378%	-4,7 k €	-110%	46,5 k €	-40.9%	78,7 k €
Net result	137,7 k €	+13.3%	121,5 k €	+12.5%	108 k €	-33.7%	162,8 k €	+317%	39,1 k €	-19.9%	48,8 k €	-14.9%	57,3 k €	+2341%	2,3 k €	-84.6%	15,3 k €	+78.0%	8,6 k €	+133%	-26,1 k €	-776%	3,9 k €	-93.9%	63,2 k €	+18.5%	53,3 k €	+13176%	401,7 €	+103%	-16 k €	+44.2%	-28,7 k €	-250%	19,2 k €	-67.7%	59,3 k €
Balance sheet
Equity	705,8 k €	+24.2%	568 k €	+27.2%	446,5 k €	+31.9%	338,5 k €	+92.7%	175,7 k €	-30.6%	253,1 k €	+23.9%	204,3 k €	+39.0%	147 k €	+1.6%	144,7 k €	+11.8%	129,4 k €	+7.1%	120,8 k €	-17.8%	146,9 k €	+2.7%	143 k €	+79.1%	79,8 k €	+201%	26,5 k €	+1.5%	26,1 k €	-38.0%	42,1 k €	-40.5%	70,8 k €	+37.1%	51,7 k €
Total assets	771,9 k €	+17.0%	659,8 k €	+18.8%	555,2 k €	+22.8%	452 k €	+28.9%	350,7 k €	+28.0%	273,9 k €	-7.7%	296,6 k €	-26.7%	404,4 k €	-22.8%	524,2 k €	-11.4%	591,4 k €	+8.3%	546 k €	-17.1%	658,9 k €	+6.9%	616,5 k €	+3.2%	597,5 k €	+6.0%	563,5 k €	-9.7%	624,1 k €	-9.4%	688,6 k €	+19.1%	578,4 k €	+66.3%	347,8 k €
Cash	26 k €	-63.1%	70,7 k €	-0.7%	71,2 k €	-58.4%	171 k €	+269%	46,4 k €	-56.5%	106,5 k €	+52.5%	69,8 k €	-23.7%	91,5 k €	-44.8%	165,8 k €	+7.3%	154,6 k €	+25.1%	123,6 k €	-1.0%	124,8 k €	+308%	30,6 k €	+81.1%	16,9 k €	+38.5%	12,2 k €	+6.9%	11,4 k €		–		24,9 k €	+68.2%	14,8 k €
Debts	66,2 k €	-27.9%	91,7 k €	-15.6%	108,7 k €	-4.3%	113,5 k €	-35.1%	175 k €	+742%	20,8 k €	-77.5%	92,3 k €	-64.2%	257,4 k €	-32.2%	379,5 k €	-17.9%	462,1 k €	+9.2%	423 k €	-17.4%	512 k €	+8.1%	473,6 k €	-8.5%	517,6 k €	-3.6%	537 k €	-10.2%	598 k €	-7.5%	646,5 k €	+27.4%	507,6 k €	+71.4%	296,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,9 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Philippe Noterman

Director

Active

Ended mandates

Philippe Noterman

Manager · since 23 février 2007

Ended

Philippe Noterman

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	01/01/2025	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	21/04/2026	08/05/2025	03/06/2024	30/05/2023	11/06/2022	31/05/2021
General meeting	16/03/2026	15/04/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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
Micro model	31/12/2025	16/03/2026	21/04/2026	Dutch	PDF
Micro model	31/12/2024	15/04/2025	08/05/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	03/06/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	30/05/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	11/06/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	31/05/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	19/06/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	01/06/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	11/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	28/06/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	06/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	07/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	18/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	17/07/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 ended

Active mandates

Philippe Noterman

Director

Active

Ended mandates

Philippe Noterman

Manager · since 23 février 2007

Ended

Philippe Noterman

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other07/03/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025137,7 k €↑
2024
Annual accounts 2024121,5 k €↑
2023
Annual accounts 2023108 k €↓
2022
Annual accounts 2022162,8 k €↑
2021
Annual accounts 202139,1 k €↓
2020
Annual accounts 202048,8 k €↓
2019
Annual accounts 201957,3 k €↑
2018
Annual accounts 20182,3 k €↓
2017
Annual accounts 201715,3 k €↑
2016
Annual accounts 20168,6 k €↑
2015
Annual accounts 2015-26,1 k €↓
2014
Annual accounts 20143,9 k €↓
2013
Annual accounts 201363,2 k €↑
2012
Annual accounts 201253,3 k €↑
2011
Annual accounts 2011401,7 €↑
2010
Annual accounts 2010-16 k €↑
2009
Annual accounts 2009-28,7 k €↓
2008
Annual accounts 200819,2 k €↓
2007
Annual accounts 200759,3 k €
27/02/2007
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

P.NOTERMAN

Overview

What does P.NOTERMAN do?

Trend over 19 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