Financials
Financial year 2025
PENCIL42 from Glabbeek, company number BE0668590514, closed financial year 2025 with a result of € 25,387 after tax. For that financial year PENCIL42 recorded a gross margin of € 1 million and equity of € 47,723. Compared with financial year 2024, the result moved from € -63,144 to € 25,387. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 47,723
▲ 114% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,387
▲ still € 63,144 loss in 2024
Profit after tax over the fiscal year.
€ 245,503
▲ € 188,830 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 € -52,277.
People and assets in 2025
9.5
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 886,405
▼ 1% vs 2024
€ 93,300 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.
€ 8,666
▼ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 333,426
▲ 11% vs 2024
Loans from banks and other lenders, long and short.
€ 319,554
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 152,637
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 993,101 | € 837,202 | € 889,156 | € 1,031,757 | ▲ 16% |
| Profit after taxes | € 16,737 | € -103,160 | € -63,144 | € 25,387 | ▲ € 88,531 |
| Equity | € 205,860 | € 85,480 | € 22,336 | € 47,723 | ▲ 114% |
| Total debts | € 866,618 | € 729,644 | € 743,001 | € 813,593 | ▲ 10% |
| Cash | € 186,391 | € 145,522 | € 56,673 | € 245,503 | ▲ € 188,830 |
| Retained profit | € 105,860 | € -14,520 | € -77,664 | € -52,277 | ▲ € 25,387 |
| Bank debt | € 300,000 | € 300,000 | € 300,000 | € 333,426 | ▲ 11% |
| Balance sheet total | € 1,072,478 | € 815,124 | € 765,336 | € 861,316 | ▲ 13% |
| Employees (FTE) | 13.4 | 10 | 10 | 9.5 | ▼ 0.5 |
Key figures of PENCIL42, 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 PENCIL42?
What happened at PENCIL42 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- RALF GEENEN BV stepped down as director. NBB
- TABASCA BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 25,387. filed late Source: NBB ↗
- RALF GEENEN BV became a director. NBB
- TABASCA BV became a director. NBB
- New establishment in Glabbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,737 profit in 2022 to € 25,387 profit in 2025.
Paid € 58,516 in corporate taxes since 2022.
Best year ever: 2025, with € 25,387 profit.
On average € 108,600 of value added per employee in 2025.
Management
It owns 35% of Measure.io BV itself.
Directors
According to the 2025 annual accounts
Director · represented by GEENEN RALF
since 2018 · until 2029
Director · represented by ARNAUTS STEVEN
since 2018 · until 2029
Establishments
Establishment units
Physical locations of this company
Tiensesteenweg 176 box 1
3380 Glabbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0668.590.514
- VAT number
- BE 0668.590.514
- Registered office
- Tiensesteenweg 176 bus 1, 3380 Glabbeek
- Names & denominations
- PENCIL42
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2016
- Peppol
- Active · Active since 23 Dec 2025
- Contact
- pencil42.be
- Activities · NACE
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