Financials
Financial year 2025
Penninck Wood Projects from Dentergem, company number BE0781512271, closed financial year 2025 with a result of € 57,658 after tax. For that financial year Penninck Wood Projects recorded a gross margin of € 151,350 and equity of € 266,856. Compared with financial year 2024, the result moved from € 71,706 to € 57,658. 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 August 31, 2026.
€ 266,856
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 57,658
▼ 20% vs 2024
Profit after tax over the fiscal year.
€ 17,293
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 35,000 paid out
61 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 2,328
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 42,326
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 119,600
▼ 6% vs 2024
€ 7,309 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 28,736
▲ 235% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,692
▼ 58% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 100,625 | € 173,970 | € 143,164 | € 151,350 | ▲ 6% |
| Profit after taxes | € 66,129 | € 101,363 | € 71,706 | € 57,658 | ▼ 20% |
| Equity | € 71,129 | € 172,492 | € 244,198 | € 266,856 | ▲ 9% |
| Total debts | € 119,224 | € 230,696 | € 155,754 | € 170,540 | ▲ 9% |
| Cash | € 26,598 | € 50,023 | € 15,163 | € 17,293 | ▲ 14% |
| Land & buildings | - | € 133,180 | € 127,780 | € 122,380 | ▼ 4% |
| Retained profit | € 66,129 | € 167,492 | € 239,198 | € 261,856 | ▲ 9% |
| Dividend | € 0 | € 0 | € 0 | € 35,000 | |
| Bank debt | € 0 | € 133,358 | € 126,618 | € 119,600 | ▼ 6% |
| Balance sheet total | € 190,353 | € 403,188 | € 399,952 | € 437,397 | ▲ 9% |
Key figures of Penninck Wood Projects, 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 Penninck Wood Projects?
What happened at Penninck Wood Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 57,658 (▼ 20% vs 2024). filed late Source: NBB ↗
- New establishment in Dentergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 66,129 profit in 2022 to € 57,658 profit in 2025.
Paid € 74,048 in corporate taxes since 2022.
Best year ever: 2023, with € 101,363 profit.
Paid out € 35,000 in dividends to the owners in total.
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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 Penninck Wood Projects is Carlo Penninck.
Directors
According to the 2025 annual accounts
Carlo Penninck
Director
Establishments
Establishment units
Physical locations of this company
Molenstraat(Wak) 6
8720 Dentergem
Molenstraat(Wak) 97
8720 Dentergem
Active since 2 February 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0781.512.271
- VAT number
- BE 0781.512.271
- Registered office
- Molenstraat(Wak) 6, 8720 Dentergem
- Names & denominations
- Penninck Wood Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 February 2022
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Schrijnwerk
Glaszetten
Dakwerkzaamheden
Waterdichtingswerken van muren