PENOIT
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.7m. Estimated: probably between €1.0m and €2.1m.
Balance sheet
balance sheet total €1.1m on 31-12-2025in €m
in euro
Position in the sector
87.9%
Higher than 90% of 19,803 companies in 2025.
7.80
Higher than 90% of 18,977 companies in 2025.
19.7%
Higher than 86% of 19,446 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
€38,166
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 2 people joined and 2 left. Training hours in 2025: 4,953.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.1m | 1.0m | 979,594 | 907,468 | 808,687 | 686,572 | 580,950 | 430,933 | 353,666 | 311,758 | 271,472 | 211,384 | 214,047 | 232,290 | 301,503 | 247,542 | 295,687 | 450,737 | 329,632 | 265,223 | |
21/28 |
123,546 | 159,296 | 117,135 | 87,101 | 42,836 | 27,323 | 39,697 | 49,639 | 31,330 | 20,217 | 16,421 | 27,305 | 35,444 | 54,993 | 83,207 | 104,686 | 110,563 | 86,719 | 97,541 | 117,455 | |
21 |
14,207 | 11,693 | 16,709 | 21,725 | 10,427 | - | - | - | - | - | - | - | 296 | 592 | - | 17,500 | 35,000 | 52,500 | 70,000 | 87,500 | |
22/27 |
109,339 | 147,603 | 100,425 | 65,376 | 32,409 | 27,323 | 39,697 | 49,639 | 31,330 | 20,217 | 16,421 | 27,305 | 35,148 | 54,401 | 83,207 | 87,186 | 75,563 | 34,219 | 27,541 | 29,905 | |
23 |
21,533 | 27,968 | 31,914 | 22,853 | 28,374 | 26,369 | 29,117 | 29,435 | 22,751 | 11,487 | 12,171 | 18,930 | 28,217 | 29,100 | 32,232 | 37,958 | 28,294 | 27,325 | 10,438 | 13,262 | |
24 |
87,806 | 119,635 | 68,511 | 42,523 | 4,035 | 955 | 10,580 | 20,204 | 8,579 | 8,730 | 4,250 | 8,375 | 6,931 | 25,302 | 50,975 | 49,228 | 47,270 | 6,894 | 17,104 | 16,643 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50 | |
29/58 |
1.0m | 840,879 | 862,460 | 820,367 | 765,851 | 659,248 | 541,253 | 381,294 | 322,336 | 291,542 | 255,052 | 184,079 | 178,603 | 177,297 | 218,296 | 142,855 | 185,123 | 364,018 | 232,091 | 147,768 | |
40/41 |
79,138 | 96,256 | 94,020 | 184,068 | 74,989 | 76,980 | 82,275 | 53,763 | 48,356 | 44,438 | 36,908 | 38,590 | 54,760 | 55,904 | 74,121 | 39,880 | 109,828 | 84,015 | 59,481 | 76,629 | |
40 |
78,430 | 71,815 | 75,304 | 95,957 | 72,919 | 74,949 | 82,275 | 53,763 | 47,313 | 43,395 | 34,165 | 38,590 | 54,534 | 53,855 | 72,558 | 32,235 | 30,729 | 67,757 | 47,434 | 63,932 | |
41 |
708 | 24,441 | 18,716 | 88,112 | 2,070 | 2,030 | - | - | 1,043 | 1,043 | 2,744 | - | 225 | 2,049 | 1,563 | 7,645 | 79,099 | 16,258 | 12,047 | 12,697 | |
50/53 |
720,000 | 720,000 | 750,000 | 560,891 | 559,939 | 558,599 | 454,645 | 302,446 | 240,000 | 240,000 | 70,000 | 120,000 | 120,000 | 120,000 | 120,000 | 50,000 | 50,000 | 50,000 | 170,000 | - | |
54/58 |
206,977 | 12,666 | 11,930 | 69,489 | 128,471 | 21,235 | 3,503 | 22,911 | 31,834 | 6,236 | 147,357 | 23,649 | 2,314 | 34 | 22,646 | 52,014 | 24,794 | 229,500 | 2,328 | 70,857 | |
490/1 |
9,431 | 11,957 | 6,510 | 5,918 | 2,452 | 2,435 | 830 | 2,174 | 2,146 | 867 | 787 | 1,841 | 1,529 | 1,358 | 1,529 | 961 | 501 | 503 | 282 | 282 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.1m | 1.0m | 979,594 | 907,468 | 808,687 | 686,572 | 580,950 | 430,933 | 353,666 | 311,758 | 271,472 | 211,384 | 214,047 | 232,290 | 301,503 | 247,542 | 295,687 | 450,737 | 329,632 | 265,223 | |
10/15 |
1.0m | 777,061 | 753,942 | 755,122 | 661,291 | 638,544 | 512,401 | 384,303 | 297,349 | 255,913 | 222,921 | 174,071 | 158,240 | 166,639 | 200,832 | 201,666 | 192,925 | 245,678 | 295,154 | 244,698 | |
10/11 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | - | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |
13 |
845,154 | 620,821 | 597,701 | 598,882 | 505,051 | 482,303 | 356,161 | 228,063 | 141,109 | 99,673 | 66,681 | 17,831 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 354,161 | 226,063 | 139,109 | 97,673 | 64,681 | 15,831 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 354,161 | 226,063 | 139,109 | 97,673 | 64,681 | 15,831 | - | - | - | - | - | - | - | - | |
133 |
843,154 | 618,821 | 595,701 | 596,882 | 503,051 | 480,303 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
143,740 | 143,740 | 143,740 | 143,740 | 143,740 | 143,740 | 143,740 | 143,740 | 143,740 | 143,740 | 143,740 | 143,740 | 143,740 | 152,139 | 186,332 | 187,166 | 178,425 | 231,178 | 280,654 | 230,198 | |
17/49 |
137,698 | 223,114 | 225,653 | 152,346 | 147,396 | 48,028 | 68,548 | 46,630 | 56,317 | 55,845 | 48,551 | 37,313 | 55,806 | 65,651 | 100,671 | 45,875 | 102,762 | 205,059 | 34,478 | 20,526 | |
17 |
7,484 | 13,397 | 19,246 | 25,030 | - | - | - | - | - | - | - | - | - | 8,778 | 12,938 | 13,302 | - | - | 1,587 | - | |
170/4 |
7,484 | 13,397 | 19,246 | 25,030 | - | - | - | - | - | - | - | - | - | 8,778 | 12,938 | 13,302 | - | - | 1,587 | - | |
42/48 |
130,214 | 209,313 | 206,407 | 127,316 | 147,396 | 48,028 | 52,548 | 46,630 | 56,317 | 54,862 | 48,551 | 37,313 | 55,806 | 53,524 | 84,383 | 32,573 | 102,762 | 205,059 | 32,891 | 20,526 | |
42 |
5,913 | 5,848 | 6,287 | 5,721 | - | - | - | - | - | - | - | 301 | 8,778 | 12,077 | 19,827 | 5,223 | - | 1,587 | 6,205 | 4,292 | |
44 |
25,171 | 15,448 | 36,521 | 34,063 | 13,839 | 12,771 | 6,309 | 2,592 | 26,868 | 13,037 | 9,216 | 4,992 | 13,817 | 16,096 | 35,299 | 6,493 | 8,202 | 22,762 | 6,276 | 3,652 | |
440/4 |
25,171 | 15,448 | 36,521 | 34,063 | 13,839 | 12,771 | 6,309 | 2,592 | 26,868 | 13,037 | 9,216 | 4,992 | 13,817 | 16,096 | 35,299 | 6,493 | 8,202 | 22,762 | 6,276 | 3,652 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | 2,900 | - | - | - | - | - | - | - | - | |
45 |
90,908 | 46,800 | 76,527 | 48,167 | 40,769 | 35,257 | 46,240 | 44,039 | 29,449 | 41,825 | 38,795 | 28,953 | 25,799 | 25,350 | 29,257 | 20,856 | 52,936 | 66,209 | 20,410 | 12,582 | |
450/3 |
52,929 | 18,489 | 29,220 | 23,986 | 18,146 | 19,792 | 28,497 | 26,329 | 6,584 | 18,104 | 24,642 | 19,077 | 7,603 | 8,670 | 5,032 | 4,205 | 34,170 | 51,972 | 8,957 | 6,000 | |
454/9 |
37,979 | 28,311 | 47,307 | 24,182 | 22,623 | 15,465 | 17,743 | 17,710 | 22,865 | 23,721 | 14,153 | 9,876 | 18,197 | 16,681 | 24,225 | 16,651 | 18,766 | 14,237 | 11,453 | 6,582 | |
47/48 |
8,221 | 141,216 | 87,073 | 39,364 | 92,789 | - | - | - | - | - | 541 | 167 | 7,413 | - | - | - | 41,624 | 114,501 | - | - | |
492/3 |
- | 403 | - | - | - | - | 16,000 | - | - | 983 | - | - | - | 3,350 | 3,350 | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
2,715 | - | - | 11,364 | 1,810 | - | - | 4,344 | - | - | - | - | 13,700 | - | 5,500 | 6,700 | - | - | - | 14,278 | |
9900 |
705,042 | 541,985 | 477,079 | 460,209 | 416,006 | 392,552 | 357,680 | 294,212 | 268,812 | 213,746 | 190,925 | 131,055 | 106,434 | 158,278 | 163,906 | 151,696 | 154,754 | 258,685 | 200,317 | 98,821 | |
62 |
309,141 | 313,546 | 321,013 | 246,099 | 236,191 | 196,882 | 144,644 | 147,973 | 184,880 | 148,159 | 113,577 | 91,585 | 95,650 | 151,753 | 113,887 | 97,858 | 111,110 | 94,621 | 69,885 | 46,326 | |
630 |
53,820 | 35,875 | 28,579 | 16,630 | 7,971 | 15,361 | 16,853 | 15,108 | 11,340 | 12,867 | 10,884 | 20,639 | 19,046 | 33,408 | 50,153 | 43,917 | 40,400 | 35,942 | 33,268 | 31,572 | |
640/8 |
2,753 | 3,936 | 3,600 | 4,022 | 3,296 | 2,999 | 4,692 | 5,316 | 3,821 | 3,739 | 3,627 | 2,754 | 11,944 | 6,780 | 3,331 | 4,282 | 8,022 | 1,684 | 3,547 | 2,716 | |
66A |
12,381 | - | - | - | - | - | - | 120 | - | - | 4,500 | - | 180 | 948 | - | - | - | 1,500 | 22,589 | - | |
9901 |
326,947 | 188,628 | 123,887 | 193,457 | 168,549 | 177,311 | 191,492 | 125,695 | 68,771 | 48,981 | 62,838 | 16,077 | -20,206 | -33,663 | -3,464 | 5,638 | -4,778 | 126,438 | 93,616 | 18,206 | |
75/76B |
9,601 | 31,036 | 353 | 980 | 1,340 | 3,954 | 2,221 | 2,501 | 10 | 4,037 | 16,925 | 2,104 | 1,578 | 1,716 | 57 | 37 | 1,421 | 5,166 | 334 | 152 | |
75 |
9,601 | 31,036 | 353 | 980 | 1,340 | 3,954 | 2,221 | 2,501 | 10 | 4,037 | 16,925 | 2,104 | 1,578 | 1,716 | 57 | 37 | 1,421 | 5,166 | 334 | 152 | |
65/66B |
1,764 | 550 | 1,033 | 755 | 342 | 1,052 | 803 | 541 | 441 | 630 | 132 | 551 | 2,688 | 829 | 1,080 | 813 | 427 | 613 | 1,368 | 738 | |
65 |
1,764 | 550 | 1,033 | 755 | 342 | 1,052 | 803 | 541 | 441 | 630 | 132 | 551 | 2,688 | 829 | 1,080 | 813 | 427 | 613 | 1,368 | 738 | |
9903 |
334,784 | 219,114 | 123,207 | 193,681 | 169,547 | 180,212 | 192,909 | 127,655 | 68,340 | 52,388 | 75,131 | 17,631 | -7,795 | -33,724 | 1,013 | 11,562 | -3,784 | 129,492 | 69,992 | 31,897 | |
67/77 |
110,451 | 67,895 | 37,434 | 58,414 | 49,127 | 54,070 | 64,810 | 40,702 | 26,903 | 19,396 | 26,281 | 1,800 | 603 | 470 | 1,847 | 2,820 | - | 44,261 | 19,536 | 7,388 | |
9904 |
224,333 | 151,218 | 85,773 | 135,267 | 120,420 | 126,142 | 128,099 | 86,954 | 41,436 | 32,992 | 48,850 | 15,831 | -8,398 | -34,193 | -834 | 8,742 | -3,784 | 85,231 | 50,456 | 24,509 | |
9905 |
224,333 | 151,218 | 85,773 | 135,267 | 120,420 | 126,142 | 128,099 | 86,954 | 41,436 | 32,992 | 48,850 | 15,831 | -8,398 | -34,193 | -834 | 8,742 | -3,784 | 85,231 | 50,456 | 24,509 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
368,073 | 294,959 | 229,513 | 279,007 | 264,161 | 269,882 | 271,839 | 230,694 | 185,176 | 176,732 | 192,590 | 159,571 | 143,740 | 152,139 | 186,332 | 187,166 | 227,394 | 365,885 | 280,654 | 230,198 | |
14P |
143,740 | 143,740 | 143,740 | 143,740 | 143,740 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 128,099 | 86,954 | 41,436 | 97,673 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
224,333 | 151,218 | 85,773 | 135,267 | 120,420 | 126,142 | 128,099 | 86,954 | 41,436 | 32,992 | 48,850 | 15,831 | - | - | - | - | - | - | - | - | |
6921 |
224,333 | 151,218 | 85,773 | 135,267 | 120,420 | 126,142 | 128,099 | 86,954 | 41,436 | 32,992 | 48,850 | 15,831 | - | - | - | - | - | - | - | - | |
694/7 |
- | 128,099 | 86,954 | 41,436 | 97,673 | - | - | - | - | - | - | - | - | - | - | - | 48,969 | 134,707 | - | - | |
694 |
- | 128,099 | 86,954 | 41,436 | 97,673 | - | - | - | - | - | - | - | - | - | - | - | 48,969 | 134,707 | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
8.1 | 8.6 | 8.2 | 6 | 7.2 | 7.5 | 6.8 | 5.7 | 5.8 | 5.6 | 4.7 | 4.1 | 4 | 5.8 | 4.9 | 4.5 | 4.4 | 3.2 | 3.1 | 2.5 | |
Hours worked1013 |
11,340 | 10,608 | 10,637 | 7,958 | 9,847 | 9,861 | 8,838 | 7,222 | 8,188 | 8,218 | 6,442 | 5,172 | 5,792 | 8,770 | 6,690 | 6,506 | 7,306 | 5,184 | 3,861 | 3,087 | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00356059 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00434818 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00405971 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00390381 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20371732 | |
| 31-12-2020 | micro format | 16-08-2021 | 2021-48600021 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-30800191 | |
| 31-12-2018 | micro format | 20-08-2019 | 2019-47400235 | |
| 31-12-2017 | micro format | 20-09-2018 | 2018-63500196 | |
| 31-12-2016 | micro format | 13-09-2017 | 2017-60600116 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-49500520 | |
| 31-12-2014 | full format | 29-09-2015 | 2015-60400107 | |
| 31-12-2013 | full format | 28-08-2014 | 2014-48400573 | |
| 31-12-2012 | full format | 26-07-2013 | 2013-34700574 | |
| 31-12-2011 | full format | 31-10-2012 | 2012-62300483 | |
| 31-12-2010 | full format | 30-08-2011 | 2011-45800337 | |
| 31-12-2009 | full format | 29-09-2010 | 2010-55400575 | |
| 31-12-2008 | full format | 28-08-2009 | 2009-65200046 | |
| 31-12-2007 | full format | 29-08-2008 | 2008-64800329 | |
| 31-12-2006 | full format | 19-07-2007 | 2007-42100107 | |
| 31-12-2005 | full format | 30-08-2006 | 2006-74301658 | |
| 31-12-2004 | full format | 30-09-2005 | 2005-80801171 | |
| 31-12-2003 | full format | 28-07-2004 | 2004-53200700 | |
| 31-12-2002 | full format | 01-08-2003 | 2003-59402064 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 380,767 | 224,502 | 152,466 | 210,087 | 176,519 | 192,671 | 208,345 | 140,803 | 80,111 | 61,848 | 73,722 | 36,716 | -1,160 | -255 | 46,689 | 49,555 | 35,622 | 162,380 | 126,884 | 49,778 | ||
| 278,153 | 187,093 | 114,352 | 151,897 | 128,391 | 141,503 | 144,952 | 102,062 | 52,776 | 45,859 | 59,734 | 36,470 | 10,648 | -786 | 49,319 | 52,659 | 36,616 | 121,173 | 83,725 | 56,081 | ||
| 18,070 | 78,036 | 58,613 | 60,895 | 23,484 | 2,987 | 6,911 | 37,157 | 22,453 | 16,663 | 0 | 12,500 | 8,797 | 5,194 | 28,674 | 38,040 | 64,244 | 25,120 | 14,934 | 21,509 | ||
| 194,311 | 736 | -57,559 | -58,981 | 107,236 | 17,732 | -19,408 | -8,923 | 25,598 | -141,121 | 123,708 | 21,334 | 2,280 | -22,612 | -29,367 | 27,220 | -204,706 | 227,173 | -68,529 | - | ||
| 885,332 | 631,566 | 656,053 | 693,051 | 618,455 | 611,220 | 488,705 | 334,664 | 266,019 | 236,679 | 206,500 | 146,766 | 122,797 | 123,773 | 133,913 | 110,283 | 82,361 | 158,959 | 199,200 | 127,242 | ||
| 87.9% | 77.7% | 77.0% | 83.2% | 81.8% | 93.0% | 88.2% | 89.2% | 84.1% | 82.1% | 82.1% | 82.3% | 73.9% | 71.7% | 66.6% | 81.5% | 65.2% | 54.5% | 89.5% | 92.3% | ||
| 7.80 | 4.02 | 4.18 | 6.44 | 5.20 | 13.73 | 10.30 | 8.18 | 5.72 | 5.31 | 5.25 | 4.93 | 3.20 | 3.31 | 2.59 | 4.39 | 1.80 | 1.78 | 7.06 | 7.20 | ||
| 0.14 | 0.29 | 0.30 | 0.20 | 0.22 | 0.08 | 0.13 | 0.12 | 0.19 | 0.22 | 0.22 | 0.21 | 0.35 | 0.39 | 0.50 | 0.23 | 0.53 | 0.83 | 0.12 | 0.08 | ||
| 22.4% | 19.5% | 11.4% | 17.9% | 18.2% | 19.8% | 25.0% | 22.6% | 13.9% | 12.9% | 21.9% | 9.1% | -5.3% | -20.5% | -0.4% | 4.3% | -2.0% | 34.7% | 17.1% | 10.0% | ||
| 19.7% | 15.1% | 8.8% | 14.9% | 14.9% | 18.4% | 22.0% | 20.2% | 11.7% | 10.6% | 18.0% | 7.5% | -3.9% | -14.7% | -0.3% | 3.5% | -1.3% | 18.9% | 15.3% | 9.2% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 9 | 9 | 12 | 7 | 7 |
| full-time | 6 | 6 | 8 | 5 | 4 |
| part-time | 3 | 3 | 4 | 2 | 3 |
| in full-time equivalents | 8.3 | 8.2 | 11 | 6.6 | 6.5 |
| 8.1 | 8.6 | 8.2 | 6 | 7.2 | |
| On a permanent contract | 5 | 6 | 6 | 5 | 6 |
| Joined | 2 | 7 | 7 | 5 | 1 |
| Left | 2 | 10 | 2 | 5 | 3 |
| Training hours | 4,953 | 2,855 | 2,624 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,141 | €78,036 | €58,613 | €46,425 | €12,873 |
| Intangible fixed assets | €8,929 | - | - | €14,469 | €10,611 |
| €53,820 | €35,875 | €28,579 | €16,630 | €7,971 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on PENOIT
The operating result for 2025 is 73% higher than in 2024 and the highest since 2006. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 22.3% to 12.1%. Equity is higher and debt is lower.