Financials
Financial year 2025
PENNY'S OIL from Eeklo, company number BE0432578626, closed financial year 2025 with a result of € 54,570 after tax. For that financial year PENNY'S OIL recorded a gross margin of € 85,535 and equity of € 257,937. Compared with financial year 2024, the result moved from € 44,794 to € 54,570. Profitable, and profit is growing. 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 15, 2026.
€ 257,937
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 54,570
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 197,054
▼ 10% 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 € 176,937.
People and assets in 2025
€ 12,459
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18,477
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,220
▲ 105% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 30,698 | € 56,469 | € 70,687 | € 85,535 | ▲ 21% |
| Profit after taxes | € 9,832 | € 33,890 | € 44,794 | € 54,570 | ▲ 22% |
| Equity | € 124,683 | € 158,574 | € 203,368 | € 257,937 | ▲ 27% |
| Total debts | € 388,966 | € 339,685 | € 255,699 | € 169,000 | ▼ 34% |
| Cash | € 259,390 | € 242,494 | € 219,859 | € 197,054 | ▼ 10% |
| Land & buildings | € 77,925 | € 79,926 | € 78,686 | € 77,446 | ▼ 2% |
| Retained profit | € 43,683 | € 77,574 | € 122,368 | € 176,937 | ▲ 45% |
| Bank debt | € 14,229 | € 4,217 | € 0 | € 0 | |
| Balance sheet total | € 513,649 | € 498,258 | € 459,067 | € 426,937 | ▼ 7% |
Key figures of PENNY'S OIL, 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 PENNY'S OIL?
What happened at PENNY'S OIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 54,570 (▲ 22% vs 2024). Source: NBB ↗
- PHILIP PENNY became a director. NBB
- FABIENNE PENNY became a director. NBB
- FREDDINE DEGRANDE became a director. NBB
- New establishment in Eeklo. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,832 profit in 2022 to € 54,570 profit in 2025.
Paid € 5,457 in corporate taxes since 2022.
Best year ever: 2025, with € 54,570 profit.
A new publication or filing at PENNY'S OIL? We notify you, reason included.
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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
Behind PENNY'S OIL are FREDDINE DEGRANDE, PHILIP PENNY and FABIENNE PENNY.
Directors
According to the 2025 annual accounts
FREDDINE DEGRANDE
Director
since 2021
PHILIP PENNY
Director
since 2022
FABIENNE PENNY
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Tieltsesteenweg 191
9900 Eeklo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.578.626
- VAT number
- BE 0432.578.626
- Registered office
- Tieltsesteenweg 191, 9900 Eeklo
- Names & denominations
- PENNY'S OIL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 November 1987
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Detailhandel in kranten en andere tijdschriften
Detailhandel in kranten en kantoorbehoeften in gespecialiseerde winkels
Bouwrijp maken van terreinen
Handelsbemiddeling in de groothandel in andere specifieke goederen
Vervaardiging van overige kleding en toebehoren, neg
Goederenvervoer over de weg
Detailhandel in breigarens, handwerken en fournituren
Detailhandel in cosmetica en toiletartikelen
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