Financials
Financial year 2026
Pioneer Europe from Beveren-Kruibeke-Zwijndrecht, company number BE0406999132, closed financial year 2026 with a result of € 6.1 million after tax. For that financial year Pioneer Europe recorded revenue of € 176 million and equity of € 27.8 million. Compared with financial year 2025, the result moved from € 3.9 million to € 6.1 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, 2026.
€ 27.8 million
▲ 28% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.1 million
▲ 56% vs 2025
Profit after tax over the fiscal year.
€ 11 million
▼ 8% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 11.8 million.
People and assets in 2026
55.8
▲ 1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 19.2 million
▲ 22% vs 2025
€ 344,100 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.
€ 81,336
▲ 37% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 20.4 million
▼ 15% vs 2025
Loans from banks and other lenders, long and short.
€ 15.2 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
€ 6.4 million
▲ 1% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 141,385,073 | € 129,399,874 | € 164,987,773 | € 175,951,290 | ▲ 7% |
| Profit after taxes | € -304,358 | € -1,963,995 | € 3,890,256 | € 6,078,673 | ▲ 56% |
| Equity | € 19,817,685 | € 17,853,690 | € 21,743,946 | € 27,822,619 | ▲ 28% |
| Total debts | € 52,132,004 | € 53,295,847 | € 61,433,080 | € 54,490,902 | ▼ 11% |
| Cash | € 5,431,614 | € 6,090,726 | € 11,931,631 | € 10,981,352 | ▼ 8% |
| Land & buildings | € 17,634 | € 19,745 | € 17,366 | € 19,062 | ▲ 10% |
| Retained profit | € 3,798,477 | € 1,834,482 | € 5,724,738 | € 11,803,411 | ▲ 106% |
| Bank debt | € 28,616,115 | € 25,506,651 | € 24,009,831 | € 20,367,817 | ▼ 15% |
| Balance sheet total | € 80,732,087 | € 79,511,588 | € 91,314,797 | € 90,507,350 | ▼ 1% |
| Employees (FTE) | 57.7 | 55.3 | 54.8 | 55.8 | ▲ 1 |
Key figures of Pioneer Europe, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
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 2026: profit of € 6.1 million (▲ 56% vs 2025). Source: NBB ↗
- Werner Köstler stepped down as director. 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
In short
From € 304,358 loss in 2023 to € 6.1 million profit in 2026.
Paid € 3.5 million in corporate taxes since 2023.
Best year ever: 2026, with € 6.1 million profit.
Pays suppliers within 38 days on average.
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 2026 annual accounts
Werner Köstler
Director
since 2025 · until 2026
Kyotaro Sato
Director
since 2025 · until 2026
Luc Van Lembergen
Director
since 2025 · until 2026
Shiro Yahara
Director
since 2025 · until 2026
Shingo Ikeuchi
Chairman of the board
since 2025 · until 2026
Seiichi Tateishi
Director
since 2025 · until 2026
Naoto Takashima
Director
since 2025 · until 2026
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
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