Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Penne Enterprises from Aalst, company number BE0802711028, closed financial year 2025 with a result of € 9.3 million after tax. For that financial year Penne Enterprises recorded revenue of € 1.2 million and equity of € 32.7 million. Compared with financial year 2024, the result moved from € -607,177 to € 9.3 million. Profitable, and profit is growing. 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 June 12, 2026.
€ 32.7 million
▲ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.3 million
▲ still € 607,177 loss in 2024
Profit after tax over the fiscal year.
€ 105,469
▼ 11% 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 € 8.3 million.
Debts at end 2025
€ 6.6 million
▼ 9% vs 2024
€ 648,129 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 464,686
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 148 days on average.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 627,352 | € 1,318,706 | € 1,238,788 | ▼ 6% |
| Profit after taxes | € -351,058 | € -607,177 | € 9,269,159 | ▲ € 9.9 million |
| Equity | € 24,048,942 | € 23,441,765 | € 32,710,925 | ▲ 40% |
| Total debts | € 16,370,444 | € 16,701,710 | € 8,643,354 | ▼ 48% |
| Cash | - | € 118,248 | € 105,469 | ▼ 11% |
| Retained profit | € -351,058 | € -958,235 | € 8,310,925 | ▲ € 9.3 million |
| Bank debt | € 15,881,274 | € 7,250,920 | € 6,627,798 | ▼ 9% |
| Balance sheet total | € 40,419,386 | € 40,143,476 | € 41,354,279 | ▲ 3% |
Key figures of Penne Enterprises, fiscal years 2023 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 Penne Enterprises?
What happened at Penne Enterprises in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BNP Paribas Fortis Private Equity Management stepped down as director. NBB
- Sluitsteen stepped down as director. NBB
- Frans Penne Management stepped down as director. NBB
- Indufin Fund Manager stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9.3 million. Source: NBB ↗
- Sluitsteen became a director. NBB
- Frans Penne Management became a director. NBB
- Indufin Fund Manager became a director. NBB
In short
From € 351,058 loss in 2023 to € 9.3 million profit in 2025.
Best year ever: 2025, with € 9.3 million profit.
Pays suppliers within 148 days on average.
A new publication or filing at Penne Enterprises? 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
The shares are held by Indufin Investment Fund, BNP Paribas Fortis Private Equity Belgium, Frans Penne and Jan Penne. It owns 100% of Penne International itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Director · represented by Frans Penne
since 2023 · until 2029
Director · represented by Joris Rome
Also active at: Indufin Investment Fund, Springbok Group, Landia Holding, Yellow Partners, Springbok, ACEFIN
since 2023 · until 2029
BNP Paribas Fortis Private Equity Management
Director · represented by Sofie Vermeulen
Also active at: Finex, HET ANKER, A.M.B., Haco, PCSI, QUALITY ASSISTANCE, Stûv, GEMMA FRISIUS-FONDS KU LEUVEN +15 more
since 2023 · until 2029
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Wijngaardveld 32
9300 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0802.711.028
- VAT number
- BE 0802.711.028
- Registered office
- Wijngaardveld 32, 9300 Aalst
- Names & denominations
- Penne Enterprises
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 June 2023
- Peppol
- Active · Active since 29 Jan 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van hoofdkantoren
Overige zakelijke dienstverlening, neg
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering