Financials
Financial year 2025
Pioneer Europe from Beveren-Kruibeke-Zwijndrecht, company number BE0406999132, closed financial year 2025 with a result of € 3.9 million after tax. For that financial year Pioneer Europe recorded revenue of € 165 million and equity of € 21.7 million. Compared with financial year 2024, the result moved from € -2 million to € 3.9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 15, 2025.
€ 21.7 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.9 million
▲ still € 2 million loss in 2024
Profit after tax over the fiscal year.
€ 11.9 million
▲ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 5.7 million.
People and assets in 2025
54.8
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 15.7 million
▲ 7% vs 2024
€ 287,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 59,228
▲ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 24 million
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 15.3 million
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.
€ 6.3 million
▲ 44% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 149,342,383 | € 141,385,073 | € 129,399,874 | € 164,987,773 | ▲ 28% |
| Profit after taxes | € -255,575 | € -304,358 | € -1,963,995 | € 3,890,256 | ▲ € 5.9 million |
| Equity | € 20,122,044 | € 19,817,685 | € 17,853,690 | € 21,743,946 | ▲ 22% |
| Total debts | € 58,267,476 | € 52,132,004 | € 53,295,847 | € 61,433,080 | ▲ 15% |
| Cash | € 6,731,209 | € 5,431,614 | € 6,090,726 | € 11,931,631 | ▲ 96% |
| Land & buildings | € 2,607 | € 17,634 | € 19,745 | € 17,366 | ▼ 12% |
| Retained profit | € 4,102,836 | € 3,798,477 | € 1,834,482 | € 5,724,738 | ▲ 212% |
| Bank debt | € 34,664,078 | € 28,616,115 | € 25,506,651 | € 24,009,831 | ▼ 6% |
| Balance sheet total | € 87,579,230 | € 80,732,087 | € 79,511,588 | € 91,314,797 | ▲ 15% |
| Employees (FTE) | 59.4 | 57.7 | 55.3 | 54.8 | ▼ 0.5 |
Key figures of Pioneer Europe, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to Pioneer Europe?
What happened at Pioneer Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.9 million. Source: NBB ↗
- Kyotaro Sato stepped down as director. NBB
- Luc Van Lembergen stepped down as director. NBB
- Shiro Yahara stepped down as director. NBB
- Shingo Ikeuchi stepped down as director. NBB
- Seiichi Tateishi stepped down as director. NBB
- Naoto Takashima stepped down as director. NBB
- Kyotaro Sato became a director. NBB
In short
From € 255,575 loss in 2022 to € 3.9 million profit in 2025.
Paid € 2.7 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.9 million profit.
Pays suppliers within 39 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Pioneer Electronics Corporation (100%). It owns 100% of Pioneer Rus LLC and 100% of Pioneer GB Limited itself.
Directors
According to the 2025 annual accounts
Kyotaro Sato
Director
since 2024 · until 2025
Luc Van Lembergen
Director
since 2024 · until 2025
Shiro Yahara
Director
since 2024 · until 2025
Shingo Ikeuchi
Chairman of the board
since 2024 · until 2025
Seiichi Tateishi
Director
since 2024 · until 2025
Naoto Takashima
Director
since 2024 · until 2025
Shareholders
Pioneer Electronics Corporation
100%
Participations
Pioneer Rus LLC
100%
Pioneer GB Limited
100%
Establishments
Establishment units
Physical locations of this company
Keetberglaan(MEL) 1
9120 Beveren-Kruibeke-Zwijndrecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.999.132
- VAT number
- BE 0406.999.132
- Registered office
- Keetberglaan(MEL) 1, 9120 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- Pioneer Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 January 1970
- Peppol
- Active · Active since 21 Oct 2025
- Activities · NACE
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