Financials
Financial year 2025
Penco from Duffel, company number BE0648852103, closed financial year 2025 with a result of € -46,043 after tax. For that financial year Penco recorded a gross margin of € 1.4 million and equity of € 447,574. Compared with financial year 2024, the result moved from € 410,337 to € -46,043. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 26, 2026.
€ 447,574
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -46,043
▼ still € 410,337 profit in 2024
Profit after tax over the fiscal year.
€ 459,700
▼ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 428,974.
People and assets in 2025
16.2
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 4% vs 2024
€ 78,300 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.
€ 128,743
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
▲ 68% vs 2024
€ 95,618 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1 million
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 330,226
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,163,593 | € 1,692,199 | € 1,894,455 | € 1,387,584 | ▼ 27% |
| Profit after taxes | € 842,595 | € 347,565 | € 410,337 | € -46,043 | ▼ € 456,379 |
| Equity | € 185,715 | € 83,280 | € 493,617 | € 447,574 | ▼ 9% |
| Total debts | € 2,453,569 | € 2,757,080 | € 2,377,216 | € 2,825,947 | ▲ 19% |
| Cash | € 190,143 | € 780,891 | € 522,853 | € 459,700 | ▼ 12% |
| Land & buildings | € 240,367 | € 242,876 | € 229,238 | € 215,600 | ▼ 6% |
| Retained profit | € 167,115 | € 64,680 | € 475,017 | € 428,974 | ▼ 10% |
| Dividend | € 1,350,000 | € 450,000 | € 0 | € 0 | |
| Bank debt | € 228,400 | € 200,024 | € 869,548 | € 1,457,633 | ▲ 68% |
| Balance sheet total | € 2,639,284 | € 2,840,360 | € 2,870,833 | € 3,273,521 | ▲ 14% |
| Employees (FTE) | 15.9 | 16.3 | 16 | 16.2 | ▲ 0.2 |
Key figures of Penco, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Penco?
What happened at Penco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 46,043 (▼ € 456,379 vs 2024). Source: NBB ↗
- New establishment in Duffel. KBO
- Start of the company according to the CBE. KBO
In short
From € 842,595 profit in 2022 to € 46,043 loss in 2025.
Paid € 579,689 in corporate taxes since 2022.
Best year ever: 2022, with € 842,595 profit.
On average € 85,700 of value added per employee in 2025.
Management
Behind Penco are Wilfried Van de Weyer and Bart Martens. The same people are also behind Weymar. Wilfried Van de Weyer is also behind VDW Construct. Bart Martens is also behind BMR - ENGINEERING.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Walemstraat 82 B
2570 Duffel
Walemstraat 82 box B
2570 Duffel
Active since 22 February 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Website info
Features
Security
Details
- Company number
- 0648.852.103
- VAT number
- BE 0648.852.103
- Registered office
- Walemstraat 82 B, 2570 Duffel
- Names & denominations
- Penco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2016
- Peppol
- Active · Active since 23 Oct 2025
- Contact
- penco.be
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