What does FINIPAN do?

FINIPAN is a joinery in Wevelgem. Public Limited, started on 2 September 1988, 1 establishment.

What is the address of FINIPAN?

The registered office of FINIPAN is located at Oostlaan 4, 8560 Wevelgem.

Is FINIPAN still active?

Yes. According to the CBE (29 October 2026) FINIPAN is active, legal situation “Normale toestand”, started on 2 September 1988.

Is FINIPAN registered on Peppol?

Yes, FINIPAN is registered on the Peppol network with ID 0208:0435178226.

What is the enterprise number of FINIPAN?

The enterprise number of FINIPAN is BE0435178226.

When was FINIPAN founded?

FINIPAN was founded on 2 September 1988.

Who are the directors of FINIPAN?

According to the 2025 annual accounts, the directors of FINIPAN are: International Wood Holding NV, Seastar Capital BV, Belinvest NV, Michael Van Cauwenberge, Devax BV.

Is FINIPAN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 2 September 1988; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did FINIPAN make in 2025?

FINIPAN posted a profit after taxes of € 160,680 in financial year 2025.

What is the revenue of FINIPAN?

As a small company, FINIPAN is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 980,793.

How much does an employee at FINIPAN earn?

The average wage cost per full-time employee at FINIPAN was € 112,500 in 2025: staff costs of € 731,085 for 6.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does FINIPAN have?

According to the 2025 annual accounts, FINIPAN has 6.5 full-time equivalents (FTE).

FINIPAN (Public Limited) - Wevelgem - BE0435178226

Dossier FINIPAN, printed on 29 October 2026 from databakkes.be/en/0435178226/finipan. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Board fully replaced NBB

No director from three years ago is still active according to annual account 2025.
Busy address KBO

16 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

FINIPAN from Wevelgem, company number BE0435178226, closed financial year 2025 with a result of € 160,680 after tax. For that financial year FINIPAN recorded a gross margin of € 980,793 and equity of € 81,488. Compared with financial year 2024, the result moved from € 66,541 to € 160,680. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.

What it is worth Healthy

€ 81,488

▼ 5% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 160,680

▲ 141% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 279,800

▲ 54% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 165,000 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

6.5

▲ 1.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 731,085

▲ 17% vs 2024

€ 112,500 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.

Vehicles and equipment

€ 819

▼ 60% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 71,398

▼ 4% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 101,086

▼ 2% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,234,728 Gross margin 2022: € 1,234,728 First fiscal year in the series	€ 1,092,731 Gross margin 2023: € 1,092,731 ▼ 12% vs 2022 (€ 1,234,728) Unfavourable step	€ 737,229 Gross margin 2024: € 737,229 ▼ 33% vs 2023 (€ 1,092,731) Unfavourable step	€ 980,793 Gross margin 2025: € 980,793 ▲ 33% vs 2024 (€ 737,229) Favourable step	▲ 33%
Profit after taxes	€ 491,695 Profit after taxes 2022: € 491,695 First fiscal year in the series	€ 308,727 Profit after taxes 2023: € 308,727 ▼ 37% vs 2022 (€ 491,695) Unfavourable step	€ 66,541 Profit after taxes 2024: € 66,541 ▼ 78% vs 2023 (€ 308,727) Unfavourable step	€ 160,680 Profit after taxes 2025: € 160,680 ▲ 141% vs 2024 (€ 66,541) Favourable step	▲ 141%
Equity	€ 160,540 Equity 2022: € 160,540 First fiscal year in the series	€ 214,267 Equity 2023: € 214,267 ▲ 33% vs 2022 (€ 160,540) Favourable step	€ 85,808 Equity 2024: € 85,808 ▼ 60% vs 2023 (€ 214,267) Unfavourable step	€ 81,488 Equity 2025: € 81,488 ▼ 5% vs 2024 (€ 85,808) Unfavourable step	▼ 5%
Total debts	€ 642,239 Total debts 2022: € 642,239 First fiscal year in the series	€ 490,513 Total debts 2023: € 490,513 ▼ 24% vs 2022 (€ 642,239) Favourable step	€ 374,453 Total debts 2024: € 374,453 ▼ 24% vs 2023 (€ 490,513) Favourable step	€ 337,484 Total debts 2025: € 337,484 ▼ 10% vs 2024 (€ 374,453) Favourable step	▼ 10%
Cash	€ 431,175 Cash 2022: € 431,175 First fiscal year in the series	€ 457,431 Cash 2023: € 457,431 ▲ 6% vs 2022 (€ 431,175) Favourable step	€ 181,926 Cash 2024: € 181,926 ▼ 60% vs 2023 (€ 457,431) Unfavourable step	€ 279,800 Cash 2025: € 279,800 ▲ 54% vs 2024 (€ 181,926) Favourable step	▲ 54%
Retained profit	€ 98,540 Retained profit 2022: € 98,540 First fiscal year in the series	€ 152,267 Retained profit 2023: € 152,267 ▲ 55% vs 2022 (€ 98,540) Favourable step	€ 23,808 Retained profit 2024: € 23,808 ▼ 84% vs 2023 (€ 152,267) Unfavourable step	€ 19,488 Retained profit 2025: € 19,488 ▼ 18% vs 2024 (€ 23,808) Unfavourable step	▼ 18%
Dividend	€ 450,000 Dividend 2022: € 450,000 First fiscal year in the series	€ 255,000 Dividend 2023: € 255,000 ▼ 43% vs 2022 (€ 450,000) Unchanged	€ 195,000 Dividend 2024: € 195,000 ▼ 24% vs 2023 (€ 255,000) Unchanged	€ 165,000 Dividend 2025: € 165,000 ▼ 15% vs 2024 (€ 195,000) Unchanged	▼ 15%
Bank debt	€ 58,430 Bank debt 2022: € 58,430 First fiscal year in the series	€ 0 Bank debt 2023: € 0 ▼ 100% vs 2022 (€ 58,430) Favourable step	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 802,779 Balance sheet total 2022: € 802,779 First fiscal year in the series	€ 704,780 Balance sheet total 2023: € 704,780 ▼ 12% vs 2022 (€ 802,779) Unchanged	€ 460,261 Balance sheet total 2024: € 460,261 ▼ 35% vs 2023 (€ 704,780) Unchanged	€ 418,972 Balance sheet total 2025: € 418,972 ▼ 9% vs 2024 (€ 460,261) Unchanged	▼ 9%
Employees (FTE)	4.9 Employees (FTE) 2022: 4.9 First fiscal year in the series	6.2 Employees (FTE) 2023: 6.2 ▲ 1.3 vs 2022 (4.9) Unchanged	4.9 Employees (FTE) 2024: 4.9 ▼ 1.3 vs 2023 (6.2) Unchanged	6.5 Employees (FTE) 2025: 6.5 ▲ 1.6 vs 2024 (4.9) Unchanged	▲ 1.6

Key figures of FINIPAN, 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 FINIPAN?

What happened at FINIPAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Seastar Capital BV stepped down as director. NBB
2029 Devax BV stepped down as director. NBB
Jul 17, 2026 New annual accounts for financial year 2025: profit of € 160,680 (▲ 141% vs 2024). Source: NBB ↗
2025 Seastar Capital BV became a director. NBB
2025 Belinvest NV stepped down as director. NBB
2025 Michael Van Cauwenberge stepped down as director. NBB
2025 Devax BV became a director. NBB
2017 Belinvest NV became a director. NBB

In short

From € 491,695 profit in 2022 to € 160,680 profit in 2025.

Paid € 402,330 in corporate taxes since 2022.

Best year ever: 2022, with € 491,695 profit.

On average € 150,900 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

INTERNATIONAL WOOD HOLDING 100%

The stake of INTERNATIONAL WOOD HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

FINIPAN

Behind FINIPAN is International Wood Holding NV. The shares are held by INTERNATIONAL WOOD HOLDING (100%).

Directors

According to the 2025 annual accounts

International Wood Holding NV

Managing director · represented by Joost Van Cauwenberge

Also active at: Placabois, HEBIC, VANCA-BELGIUM, WITON, Lamitrans, Forma Belgium, TRILAM, INTERNATIONAL WOOD PRODUCTS +1 more

Seastar Capital BV

Director · represented by Michael Van Cauwenberge

Also active at: Placabois, LESAGE INDUSTRIES, Batal, HEBIC, VANCA-BELGIUM, WITON, RNA Pioneering, Lamitrans +17 more

since 2025 · until 2029

Belinvest NV

Director · represented by Bart Allossery

Also active at: Placabois, HEBIC, VANCA-BELGIUM, PARTNERS@VENTURE, Lamitrans, STRATINVEST, DESIGN VENTURES, Agri-LL-Invest +6 more

since 2017 · until 2025

Michael Van Cauwenberge

Director

Also active at: HEBIC, VANCA-BELGIUM, Lamitrans, GHEKIERE INDUSTRIES, STRATINVEST, Ghekiere Immo, SEASTAR CAPITAL, DESIGN VENTURES +7 more

· until 2025

Devax BV

Director · represented by Axel Devos

Also active at: Placabois, VANCA-BELGIUM, Lamitrans, Forma Belgium, TRILAM, INTERNATIONAL WOOD HOLDING, INTERNATIONAL WOOD PRODUCTS

since 2025 · until 2029

Shareholders

INTERNATIONAL WOOD HOLDING

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Oostlaan 4

8560 Wevelgem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.

All companies at this address →

Placabois same network

€ 1.3 million gross margin · 2025

HEBIC same network

€ 2.5 million gross margin · 2025

VANCA-BELGIUM same network

€ 17.5 million revenue · 2025

Lamitrans same network

€ 852,299 gross margin · 2025

STRATINVEST same network

€ 1.4 million gross margin · 2025

+11 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0435.178.226

VAT number

BE 0435.178.226

Registered office

Oostlaan 4, 8560 Wevelgem

Names & denominations

FINIPAN

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

2 September 1988

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Vervaardiging van fineer en van panelen op basis van hout

Vervaardiging van panelen en platen van hout

Handelsbemiddeling in de groothandel in hout en bouwmaterialen

Groothandel in hout

Activiteiten van hoofdkantoren

Activiteiten van reclamebureaus

View on CBE Public ↗ Annual accounts (NBB) ↗

FINIPAN

Warning lights

Financials

What happened to FINIPAN?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions