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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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Busy address KBO
48 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Participatiemaatschappij Vlaanderen from Brussel, company number BE0455777660, closed financial year 2025 with a result of € 17.2 million after tax. For that financial year Participatiemaatschappij Vlaanderen recorded revenue of € 16.8 million and equity of € 4.2 billion. Compared with financial year 2024, the result moved from € 27.2 million to € 17.2 million. 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 May 22, 2026.
€ 4.2 billion
▲ 159% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17.2 million
▼ 37% vs 2024
Profit after tax over the fiscal year.
€ 16.6 million
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.8 million paid out
22 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
131.9
▲ 5.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 21.1 million
▲ 8% vs 2024
€ 160,000 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.
€ 329,327
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.4 million
▼ 25% vs 2024
€ 461,051 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.4 million
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 5.4 million
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,748,632 | € 11,477,472 | € 12,092,390 | € 16,764,873 | ▲ 39% |
| Profit after taxes | € 36,172,643 | € 32,294,539 | € 27,151,015 | € 17,234,363 | ▼ 37% |
| Equity | € 1,560,181,892 | € 1,588,676,431 | € 1,613,027,446 | € 4,180,096,264 | ▲ 159% |
| Total debts | € 22,019,172 | € 11,270,839 | € 13,070,024 | € 56,008,854 | ▲ € 42.9 million |
| Cash | € 209,442,734 | € 16,231,453 | € 33,527,624 | € 16,557,044 | ▼ 51% |
| Land & buildings | € 8,177,760 | € 7,605,552 | € 7,130,195 | € 6,935,336 | ▼ 3% |
| Retained profit | € 500,371,958 | € 528,866,497 | € 552,217,512 | € 565,651,875 | ▲ 2% |
| Dividend | € 4,000,000 | € 3,800,000 | € 3,800,000 | € 3,800,000 | |
| Bank debt | € 2,766,306 | € 2,305,255 | € 1,844,204 | € 1,383,153 | ▼ 25% |
| Balance sheet total | € 1,582,201,064 | € 1,599,947,270 | € 1,626,097,470 | € 4,236,105,118 | ▲ 161% |
| Employees (FTE) | 109.2 | 116.9 | 126.1 | 131.9 | ▲ 5.8 |
Key figures of Participatiemaatschappij Vlaanderen, 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 Participatiemaatschappij Vlaanderen?
What happened at Participatiemaatschappij Vlaanderen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thijs Verbeurgt stepped down as director. NBB
- Kristien Smedts stepped down as director. NBB
- Jan Hollez stepped down as director. NBB
- Sophie Manigart stepped down as director. NBB
- Simon Gheysen stepped down as director. NBB
- Hilde Famaey stepped down as director. NBB
- Koen Kennis stepped down as director. NBB
- RAF SUYS stepped down as director. NBB
In short
From € 36.2 million profit in 2022 to € 17.2 million profit in 2025.
Paid € 3.4 million in corporate taxes since 2022.
Best year ever: 2022, with € 36.2 million profit.
Paid out € 15.4 million in dividends to the owners in total.
A new publication or filing at Participatiemaatschappij Vlaanderen? 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
It owns 100% of PMV-Standaardwaarborgen, 100% of LAK INVEST, 100% of PMV CORPORATE LOANS, 100% of PMV-Standaardleningen, 100% of SUSTAINABLE ENERGY VENTURES and 100% of PMV FUND MANAGEMENT itself.
Directors
According to the 2025 annual accounts
Thijs Verbeurgt
Director
Also active at: Intercommunale voor Ontwikkeling van het Gewest Mechelen en Omgeving, Woonmaatschappij Rivierenland, Mechelen Feest
since 2025 · until 2031
Kristien Smedts
Director
since 2025 · until 2031
Jan Hollez
Director
since 2026 · until 2031
Sophie Manigart
Director
Also active at: Ryhove, Vlerick Business School, Sophie Manigart, VLERICK RESEARCH, Vlerick Partner, QBIC Venture Partners
since 2026 · until 2031
Lucien Gijsens
Director
since 2025 · until 2026
Simon Gheysen
Director
since 2025 · until 2031
Hilde Famaey
Director
Also active at: TrustCapital, Koramic Real Estate, KORAMIC INVESTMENTS, ASSEMBLICS, Koramic Capital, VITALO INDUSTRIES, KORAMIC CORPORATE FINANCE, Assemblics International +16 more
since 2026 · until 2031
Karine Moykens
Director
Also active at: VLAAMSE ZORGKAS, PMV - Standaardleningen, PMV - Standaardwaarborgen
since 2025 · until 2026
Koen Kennis
Chairman of the board
Also active at: FLUVIUS Antwerpen, Maatschappij voor het haven-, grond- en industrialisatiebeleid van het Linkerscheldeoevergebied, Vlaamse Vervoermaatschappij - De Lijn, TUNNEL LIEFKENSHOEK, PUBLI-T, Fluvius System Operator, Beheersmaatschappij Antwerpen Mobiel
since 2025 · until 2031
since 2025 · until 2031
Peter Verhaeghe
Director
Also active at: Bedrijvencentrum De Eiken, Domein van Vorselaar, Peter Verhaeghe, HARAN, miDiagnostics, Orgues De Facto, TOOLS & DIES MANAGEMENT SERVICES
since 2026 · until 2031
Establishments
Establishment units
Physical locations of this company
Oude Graanmarkt 63
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 48 companies are registered at this address.
All companies at this address →Moeve Chemicals Belgium
€ 1.3 million gross margin · 2025
BIOTECH FONDS VLAANDEREN same network
Fietsersbond
€ 686,591 gross margin · 2025
SUSTAINABLE ENERGY VENTURES same network
PMV Beheer same network
+43 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
- 0455.777.660
- VAT number
- BE 0455.777.660
- Registered office
- Oude Graanmarkt 63, 1000 Brussel
- Names & denominations
- Participatiemaatschappij Vlaanderen · P.M.V.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 July 1995
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings
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