Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PEN - DEM from Sint-Niklaas, company number BE0423201201, closed financial year 2025 with a result of € 44,229 after tax. For that financial year PEN - DEM recorded a gross margin of € 212,512 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 46,285 to € 44,229. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 1.2 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,229
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 139
▼ 98% 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 € -626,257.
Debts at end 2025
€ 1 million
Loans from banks and other lenders, long and short.
€ 11,795
Supplier invoices still open on the last day of the fiscal year.
€ 1,850
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 187,494 | € 214,997 | € 226,978 | € 212,512 | ▼ 6% |
| Profit after taxes | € 35,336 | € 52,991 | € 46,285 | € 44,229 | ▼ 4% |
| Equity | € 1,030,238 | € 1,083,229 | € 1,129,514 | € 1,173,743 | ▲ 4% |
| Total debts | € 1,627,981 | € 1,545,983 | € 1,561,227 | € 1,591,247 | ▲ 2% |
| Cash | € 74,271 | € 37,897 | € 8,078 | € 139 | ▼ 98% |
| Land & buildings | € 2,344,353 | € 2,255,275 | € 2,165,050 | € 2,075,072 | ▼ 4% |
| Retained profit | € -769,762 | € -716,771 | € -670,486 | € -626,257 | ▲ € 44,229 |
| Bank debt | € 1,144,011 | € 1,029,535 | € 1,000,000 | € 1,000,000 | |
| Balance sheet total | € 2,658,219 | € 2,629,212 | € 2,690,741 | € 2,764,989 | ▲ 3% |
Key figures of PEN - DEM, 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 July 2027.
What happened to PEN - DEM?
What happened at PEN - DEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 44,229 (▼ 4% vs 2024). Source: NBB ↗
- Marie-José DE MEULENAER became a director. NBB
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,336 profit in 2022 to € 44,229 profit in 2025.
Best year ever: 2023, with € 52,991 profit.
Management
Behind PEN - DEM is Marie-José DE MEULENAER. Marie-José DE MEULENAER is also behind IJZERWAREN PENNEMAN.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Heidebaan 23
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0423.201.201
- VAT number
- BE 0423.201.201
- Registered office
- Heidebaan 23, 9100 Sint-Niklaas
- Names & denominations
- PEN - DEM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 November 1982
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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