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PENNE

Active
Public limited companyfounded 197254 yrs activeWijngaardveld 32, 9300 Aalst, BelgiumKBO/BCE: BE 0412.652.648
Summary

PENNE has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.2m and a net result of €2.4m. Equity is growing by ~5.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability82▲+11
Solvency51▼-1
Growth68▲+13
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.0 in 2023; short-term debt: 32.2% and cash: 5.3% of total assets), but 73.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 54 years 0 60 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
26.3%
Return on assets
7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
49 d early
2024
38 d early
2023
51 d early
2022
38 d early
2021
17 d early
2020
3 d late
2019
21 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 19 September 1972, PENNE was incorporated.1 Revenue went from EUR 28 million in 2018 to EUR 38 million in 2024 and headcount from 92.2 to 104 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet

Turnover
€37.9m▼ 8.5%
2023 · €41.4m
EBIT margin
9.3%▲ 4.5pp
2023 · 4.8%
Net result
€2.4m▲ 99.5%
2023 · €1.2m
Working capital
€6.6m
2023 · -€66,992
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€24.1m▼ 16.8%€26.3m▲ 9.3%€35.0m▲ 33.3%€41.4m▲ 18.2%€37.9m▼ 8.5%
Operating result€1.5m▲ 14.9%€2.1m▲ 46.3%€3.7m▲ 74.1%€2.0m▼ 47.2%€3.5m▲ 77.7%
Net result€1.4mabove the sector's middle half▲ 105%€1.9mabove the sector's middle half▲ 39.7%€2.6mabove the sector's middle half▲ 33.6%€1.2mabove the sector's middle half▼ 52.8%€2.4mabove the sector's middle half▲ 99.5%
EBIT margin6.1%▲ 1.7pp8.2%▲ 2.1pp10.7%▲ 2.5pp4.8%▼ 5.9pp9.3%▲ 4.5pp
Equity€8.4mabove the sector's middle half▲ 19.2%€10.3mabove the sector's middle half▲ 22.9%€10.4mabove the sector's middle half▲ 0.9%€9.1mabove the sector's middle half▼ 12.3%€9.2mabove the sector's middle half▲ 0.2%
Total assets€30.9mabove the sector's middle half▲ 8.6%€30.8mabove the sector's middle half▼ 0.3%€31.4mabove the sector's middle half▲ 1.9%€33.9mabove the sector's middle half▲ 8.1%€34.8mabove the sector's middle half▲ 2.5%
Debt€22.5m▲ 5.1%€20.5m▼ 9.0%€21.0m▲ 2.4%€24.8m▲ 18.3%€25.6m▲ 3.4%
Working capital€787,124within the sector's middle half▲ 572%€2.1mabove the sector's middle half▲ 169%€2.5mabove the sector's middle half▲ 17.8%-€66,992below the sector's middle half€6.6mabove the sector's middle half
Solvency27.2%within the sector's middle half▲ 2.4pp33.5%within the sector's middle half▲ 6.3pp33.2%within the sector's middle half▼ 0.3pp26.9%within the sector's middle half▼ 6.3pp26.3%within the sector's middle half▼ 0.6pp
Current ratio1.07below the sector's middle half▲ 0.061.19within the sector's middle half▲ 0.121.19within the sector's middle half=1.00below the sector's middle half▼ 0.201.59within the sector's middle half▲ 0.59
Return on assets (ROA)4.5%within the sector's middle half▲ 2.1pp6.2%within the sector's middle half▲ 1.8pp8.2%within the sector's middle half▲ 1.9pp3.6%within the sector's middle half▼ 4.6pp7.0%within the sector's middle half▲ 3.4pp
Staff (FTE)99.7above the sector's middle half▼ 1.1%97.8above the sector's middle half▼ 1.9%99.4above the sector's middle half▲ 1.6%99.6above the sector's middle half▲ 0.2%103.8above the sector's middle half▲ 4.2%
above within below the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€1.0m€2.0m€3.0m€4.0mOperating result 2020: €1.5m€1.5mNet result 2020: €1.4m€1.4mOperating result 2021: €2.1m€2.1mNet result 2021: €1.9m€1.9mOperating result 2022: €3.7m€3.7mNet result 2022: €2.6m€2.6mOperating result 2023: €2.0m€2.0mNet result 2023: €1.2m€1.2mOperating result 2024: €3.5m€3.5mNet result 2024: €2.4m€2.4m20202021202220232024€0€1m€2m€3m€4mOperating result 2022: €3.7m€3.7mNet result 2022: €2.6m€2.6mOperating result 2023: €2.0m€2mNet result 2023: €1.2m€1.2mOperating result 2024: €3.5m€3.5mNet result 2024: €2.4m€2.4m202220232024
The operating result recovers in 2024; 2024 is 78% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34.8m
Fixed assets €17.0m ▼ 3.4%
Current assets €17.8m ▲ 8.9%
Equity and liabilities €34.8m
Equity €9.2m ▲ 0.2%
Debt €25.6m ▲ 3.4%
Debt's share of the balance-sheet total rises from 73.1% to 73.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€6.7m▲
2023 · €4.9m
Cash flow
€5.6m▲
2023 · €4.1m
Quick ratio
0.90▲
2023 · 0.62
Debt to equity
2.80▲
2023 · 2.71
ROE
26.4%▲
2023 · 13.3%
Interest coverage
20.07▼
2023 · 20.24
Debt ≤ 1 year
€11.2m▼
2023 · €16.4m
Debt > 1 year
€14.2m▲
2023 · €8.3m
Income taxes
€764,792▲
2023 · €503,971
Staff costs
€6.7m▲
2023 · €6.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 378 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
2.4% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 378 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 91 lines
Balance sheet Code20232024
Assets
Total assets20/58€33.9m€34.8m▲
Fixed assets21/28€17.6m€17.0m▼
Intangible fixed assets21€2.0m€1.5m▼
Tangible fixed assets22/27€15.5m€15.5m▼
Land and buildings22€8.0m€7.6m▼
Plant, machinery and equipment23€2.6m€3.3m▲
Furniture and vehicles24€116,582€88,635▼
Leasing and similar rights25€4.9m€4.4m▼
Assets under construction and advance payments27-€225,900
Current assets29/58€16.3m€17.8m▲
Amounts receivable after more than one year29€14,600€9,800▼
Other amounts receivable291€14,600€9,800▼
Stocks and contracts in progress3€6.2m€7.7m▲
Stocks30/36€6.2m€5.4m▼
Raw materials and consumables30/31€2.1m€1.9m▼
Finished goods33€4.1m€3.5m▼
Contracts in progress37-€2.3m
Amounts receivable within one year40/41€6.8m€6.1m▼
Trade receivables40€6.1m€5.5m▼
Other amounts receivable41€634,284€557,270▼
Current investments50/53-€2.0m
Other investments51/53-€2.0m
Cash at bank and in hand54/58€3.3m€1.8m▼
Deferred charges and accrued income490/1€97,734€111,424▲
Equity and liabilities
Total equity and liabilities10/49€33.9m€34.8m▲
Equity10/15€9.1m€9.2m▲
Contributions10/11€270,000€270,000=
Capital10€270,000€270,000=
Issued capital100€270,000€270,000=
Reserves13€8.9m€8.9m▲
Non-distributable reserves130/1€27,000€27,000=
Legal reserve130€27,000€27,000=
Tax-exempt reserves132€622,283€320,039▼
Distributable reserves133€8.2m€8.5m▲
Amounts payable17/49€24.8m€25.6m▲
Amounts payable after more than one year17€8.3m€14.2m▲
Financial debts170/4€8.3m€14.2m▲
Leasing and similar obligations172€3.8m€3.5m▼
Credit institutions173€4.5m€10.8m▲
Amounts payable within one year42/48€16.4m€11.2m▼
Current portion of amounts payable after more than one year42€2.1m€3.1m▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€6.4m€4.6m▼
Suppliers440/4€6.4m€4.6m▼
Taxes, remuneration and social security45€1.1m€1.1m▲
Taxes450/3€252,958€196,963▼
Remuneration and social security454/9€806,286€887,192▲
Other amounts payable47/48€6.8m€2.5m▼
Accrued charges and deferred income492/3€96,599€186,437▲
Income statement Code20232024
Operating income70/76A€42.1m€40.0m▼
Turnover70€41.4m€37.9m▼
Change in stocks of work in progress, finished goods and contracts in progress71€321,742€1.8m▲
Other operating income74€354,951€339,811▼
Non-recurring operating income76A€500€5,800▲
Operating charges60/66A€40.1m€36.5m▼
Goods for resale, raw materials and consumables60€22.9m€21.1m▼
Purchases600/8€22.5m€20.8m▼
Change in stocks: decrease (increase)609€377,853€226,115▼
Services and other goods61€7.9m€5.4m▼
Remuneration, social security and pensions62€6.2m€6.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.9m€3.1m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Provisions for liabilities and charges: additions (uses and reversals)635/8--€1,983
Other operating charges640/8€198,818€208,961▲
Non-recurring operating charges66A€448€63▼
Operating profit (loss)9901€2.0m€3.5m▲
Financial income75/76B€11,660€38,106▲
Recurring financial income75€11,660€36,769▲
Income from current assets751-€10,094
Other financial income752/9€11,660€26,675▲
Non-recurring financial income76B-€1,336
Financial charges65/66B€270,475€364,754▲
Recurring financial charges65€270,475€364,754▲
Debt charges650€241,826€331,701▲
Other financial charges652/9€28,648€33,052▲
Profit (loss) for the period before taxes9903€1.7m€3.2m▲
Income taxes67/77€503,971€764,792▲
Taxes670/3€503,971€764,792▲
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€1.2m€2.4m▲
Transfer from tax-exempt reserves789€242,080€300,260▲
Profit (loss) for the period to be appropriated9905€1.5m€2.7m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.5m€2.7m▲
Transfer from equity791/2€1.0m€0▼
From reserves792€1.0m€0▼
Transfer to equity691/2€0€319,528▲
To other reserves6921€0€319,528▲
Profit to be distributed694/7€2.5m€2.4m▼
Return on contributions (dividend)694€2.5m€2.4m▼
Social balance
Average headcount (FTE)908799.6103.8▲

The notes to these accounts (94 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€27.0m€36.4m€42.1m€40.0m▼ 4.9%
Turnover70€24.1m€26.3m€35.0m€41.4m€37.9m▼ 8.5%
Change in stocks of work in progress, finished goods and contracts in progress71-€450,994€1.0m€321,742€1.8m▲ 455%
Other operating income74-€306,619€340,031€354,951€339,811▼ 4.3%
Non-recurring operating income76A---€500€5,800▲ 1,060%
Operating charges60/66A-€24.9m€32.6m€40.1m€36.5m▼ 9.0%
Goods for resale, raw materials and consumables60-€12.5m€19.0m€22.9m€21.1m▼ 8.1%
Purchases600/8-€13.2m€19.3m€22.5m€20.8m▼ 7.6%
Change in stocks: decrease (increase)609--€679,511-€237,697€377,853€226,115▼ 40.2%
Services and other goods61-€5.3m€5.3m€7.9m€5.4m▼ 31.2%
Remuneration, social security and pensions62-€5.0m€5.7m€6.2m€6.7m▲ 7.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.0m€1.9m€2.5m€2.9m€3.1m▲ 7.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€3,216€0--
Provisions for liabilities and charges: additions (uses and reversals)635/8-----€1,983-
Other operating charges640/8-€77,842€123,331€198,818€208,961▲ 5.1%
Non-recurring operating charges66A---€448€63▼ 85.9%
Operating profit (loss)9901€1.5m€2.1m€3.7m€2.0m€3.5m▲ 77.7%
Financial income75/76B-€507,863€99,471€11,660€38,106▲ 227%
Recurring financial income75€464,119€498,863€99,471€11,660€36,769▲ 215%
Income from financial fixed assets750-€483,000----
Income from current assets751----€10,094-
Other financial income752/9-€15,863€99,471€11,660€26,675▲ 129%
Non-recurring financial income76B-€9,000--€1,336-
Financial charges65/66B-€209,580€194,397€270,475€364,754▲ 34.9%
Recurring financial charges65€226,071€208,716€194,397€270,475€364,754▲ 34.9%
Debt charges650€220,782€203,169€185,779€241,826€331,701▲ 37.2%
Other financial charges652/9-€5,547€8,617€28,648€33,052▲ 15.4%
Non-recurring financial charges66B-€864----
Profit (loss) for the period before taxes9903€1.7m€2.4m€3.6m€1.7m€3.2m▲ 85.5%
Income taxes67/77€333,786€525,478€1.1m€503,971€764,792▲ 51.8%
Taxes670/3-€525,478€1.1m€503,971€764,792▲ 51.8%
Tax adjustments and reversals of tax provisions77--€300€0--
Profit (loss) for the period9904€1.4m€1.9m€2.6m€1.2m€2.4m▲ 99.5%
Transfer from tax-exempt reserves789-€750,000€373,800€242,080€300,260▲ 24.0%
Profit (loss) for the period to be appropriated9905€1.6m€2.7m€2.9m€1.5m€2.7m▲ 86.9%
Line20202021202220232024Change
Assets
Total assets20/58€30.9m€30.8m€31.4m€33.9m€34.8m▲ 2.5%
Fixed assets21/28€18.9m€17.8m€15.8m€17.6m€17.0m▼ 3.4%
Intangible fixed assets21--€2.4m€2.0m€1.5m▼ 27.7%
Tangible fixed assets22/27€13.9m€12.8m€13.4m€15.5m€15.5m▼ 0.2%
Land and buildings22-€7.0m€8.3m€8.0m€7.6m▼ 5.3%
Plant, machinery and equipment23-€1.5m€1.6m€2.6m€3.3m▲ 27.0%
Furniture and vehicles24-€153,925€145,814€116,582€88,635▼ 24.0%
Leasing and similar rights25-€4.2m€3.4m€4.9m€4.4m▼ 10.3%
Assets under construction and advance payments27----€225,900-
Financial fixed assets28€5.0m€5.0m----
Affiliated companies280/1-€5.0m----
Participating interests280-€5.0m----
Current assets29/58€12.0m€13.0m€15.5m€16.3m€17.8m▲ 8.9%
Amounts receivable after more than one year29-€17,000€14,600€14,600€9,800▼ 32.9%
Other amounts receivable291-€17,000€14,600€14,600€9,800▼ 32.9%
Stocks and contracts in progress3€3.8m€5.0m€6.2m€6.2m€7.7m▲ 25.3%
Stocks30/36-€5.0m€6.2m€6.2m€5.4m▼ 12.0%
Raw materials and consumables30/31-€2.2m€2.5m€2.1m€1.9m▼ 10.7%
Finished goods33-€2.7m€3.7m€4.1m€3.5m▼ 12.7%
Contracts in progress37----€2.3m-
Amounts receivable within one year40/41€5.4m€5.8m€6.3m€6.8m€6.1m▼ 9.7%
Trade receivables40-€5.1m€6.3m€6.1m€5.5m▼ 9.4%
Other amounts receivable41-€673,046€4,176€634,284€557,270▼ 12.1%
Current investments50/53----€2.0m-
Other investments51/53----€2.0m-
Cash at bank and in hand54/58€2.7m€2.1m€2.9m€3.3m€1.8m▼ 44.3%
Deferred charges and accrued income490/1-€108,354€97,602€97,734€111,424▲ 14.0%
Equity and liabilities
Total equity and liabilities10/49€30.9m€30.8m€31.4m€33.9m€34.8m▲ 2.5%
Equity10/15€8.4m€10.3m€10.4m€9.1m€9.2m▲ 0.2%
Contributions10/11€270,000€270,000€270,000€270,000€270,000=
Capital10-€270,000€270,000€270,000€270,000=
Issued capital100-€270,000€270,000€270,000€270,000=
Reserves13€8.1m€10.1m€10.2m€8.9m€8.9m▲ 0.2%
Non-distributable reserves130/1-€27,000€27,000€27,000€27,000=
Legal reserve130-€27,000€27,000€27,000€27,000=
Tax-exempt reserves132-€1.2m€864,363€622,283€320,039▼ 48.6%
Distributable reserves133-€8.8m€9.3m€8.2m€8.5m▲ 3.9%
Amounts payable17/49€22.5m€20.5m€21.0m€24.8m€25.6m▲ 3.4%
Amounts payable after more than one year17€11.2m€9.6m€7.9m€8.3m€14.2m▲ 71.4%
Financial debts170/4-€9.6m€7.9m€8.3m€14.2m▲ 71.4%
Leasing and similar obligations172-€3.5m€2.6m€3.8m€3.5m▼ 8.4%
Credit institutions173-€6.1m€5.3m€4.5m€10.8m▲ 138%
Amounts payable within one year42/48€11.2m€10.9m€13.0m€16.4m€11.2m▼ 31.6%
Current portion of amounts payable after more than one year42-€1.9m€2.5m€2.1m€3.1m▲ 44.0%
Financial debts43-€1.4m€500,000€0--
Credit institutions430/8-€1.4m€500,000€0--
Trade debts44€4.6m€4.8m€4.5m€6.4m€4.6m▼ 28.1%
Suppliers440/4-€4.8m€4.5m€6.4m€4.6m▼ 28.1%
Taxes, remuneration and social security45-€841,673€1.2m€1.1m€1.1m▲ 2.4%
Taxes450/3-€125,959€294,982€252,958€196,963▼ 22.1%
Remuneration and social security454/9-€715,714€914,823€806,286€887,192▲ 10.0%
Other amounts payable47/48-€1.9m€4.4m€6.8m€2.5m▼ 63.9%
Accrued charges and deferred income492/3-€33,694€40,776€96,599€186,437▲ 93.0%
Line20202021202220232024Change
Profit (loss) for the period9904€1.4m€1.9m€2.6m€1.2m€2.4m▲ 99.5%
+ Depreciation and write-downs630€2.0m€1.9m€2.5m€2.9m€3.1m▲ 7.8%
Operating cash flow (approximation)€3.4m€3.9m€5.0m€4.1m€5.6m▲ 34.7%
Investment in fixed assets (approximation)--€860,338-€520,763-€4.7m-€2.5m▲ 45.5%
Change in cash--€520,045€721,512€431,665-€1.5m▼ 439%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-07
State Gazette act Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Evelien De Groote3 facts ▸
  • General meeting, 29-05-2026
  • Auditor reappointment, EY Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Evelien De Groote (permanent representative)
12-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
10-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2018net €2.6m ▲33.6%
Operating result €3.7m, net result €2.6m, both a record.
14-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Equity above €10mEq €10.3m ▲22.9%
4 profitable years in a row build equity to €10.3m.
03-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
21-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
31-12
Financial Weakest financial yearnet €673,155 ▼65.6%
Net result drops to €673,155, the lowest in the series; recovery starts the following year.
26-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
27-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 20 acts read
About the unread acts

Of the 20 Belgian State Gazette acts we know for this company, 1 has been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

Statutory auditor 1

Ernst et Young Reviseurs d'Entreprises
Statutory auditor · since 28-07-2026 · perm. rep.: Evelien De Groote
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 1972
seat establishment The establishment unit on the map
Ground area
3.5 ha
Building footprint
1.2 ha
Volume, LiDAR
99,193 m³
Parcel 41303D0058/00M000, Flanders · tallest building 30.2 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Wijngaardveld 32, 9300 Aalst
NACE 25240
since 19722.007.692.043
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41303D0058/00M000 Flanders 3.5 ha 1 · 1.2 ha 30.2 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 28-07-2026 to date
See the board, name and seat on a given date →

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Penne Enterprises 100%
  2. Penne International 100%
  3. PENNE

Highest known parent: Penne Enterprises. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of PENNE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Subsidies and aid

Flemish government

2022 to 2025 · 8 entries · 183,729 EUR awarded · 183,729 EUR paid
Year Entries awardedpaid
2025 3 3,110 EUR39,136 EUR
2024 2 690 EUR71,690 EUR
2023 2 178,066 EUR71,040 EUR
2022 1 1,863 EUR1,863 EUR
Schemes
4 entries · 178,026 EUR · 178,026 EUR paid · Fonds voor Innoveren en Ondernemen
2 entries · 3,800 EUR · 3,800 EUR paid · Fonds voor Innoveren en Ondernemen
2 entries · 1,903 EUR · 1,903 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

Of 559 companies in this sector we hold annual accounts for 354. 119 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded19-09-1972
Fiscal year end31-12
Activities, NACEBEL 2025
25402Manufacture of fabricated metal products, except machinery and equipment
25999Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0412652648
Registered 01-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.