Warning lights
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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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PENFRET from Ukkel, company number BE0840452936, closed financial year 2025 with a result of € 5.2 million after tax. For that financial year PENFRET recorded revenue of € 2.7 million and equity of € 164.6 million. Compared with financial year 2024, the result moved from € -538,978 to € 5.2 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 July 29, 2026.
€ 164.6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.2 million
▲ still € 538,979 loss in 2024
Profit after tax over the fiscal year.
€ 3.3 million
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 157.2 million.
People and assets in 2025
0.3
Average over the fiscal year, from the social balance sheet.
€ 11,620
▲ 6% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 860
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.8 million
▲ 109% vs 2024
€ 413,273 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 140,926
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 18 days on average.
€ 8.8 million
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,043,665 | € 3,777,567 | € 2,840,144 | € 2,748,761 | ▼ 3% |
| Profit after taxes | € -2,945,226 | € -1,564,186 | € -538,978 | € 5,218,095 | ▲ € 5.8 million |
| Equity | € 161,503,485 | € 159,939,299 | € 159,400,320 | € 164,618,415 | ▲ 3% |
| Total debts | € 22,699,524 | € 23,629,822 | € 21,712,116 | € 17,589,096 | ▼ 19% |
| Cash | € 8,739,978 | € 5,639,338 | € 3,300,059 | € 3,302,985 | |
| Land & buildings | € 10,677,547 | € 10,378,437 | € 10,039,751 | € 9,755,659 | ▼ 3% |
| Retained profit | € 154,123,258 | € 152,559,072 | € 152,020,093 | € 157,238,188 | ▲ 3% |
| Bank debt | € 2,150,173 | € 2,122,949 | € 1,344,401 | € 2,804,795 | ▲ 109% |
| Balance sheet total | € 184,203,009 | € 183,569,120 | € 181,112,436 | € 182,207,510 | ▲ 1% |
| Employees (FTE) | - | 0.3 | 0.3 | 0.3 |
Key figures of PENFRET, 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 PENFRET?
What happened at PENFRET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dominique GAILLARD stepped down as director. NBB
- Marc Speeckaert stepped down as director. NBB
- GREEN OAK CONSULT stepped down as director. NBB
- RADIATEURS ELECTRIQUES ROCOURT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 5.2 million. Source: NBB ↗
- Marc Speeckaert became a director. NBB
- GREEN OAK CONSULT became a director. NBB
- RADIATEURS ELECTRIQUES ROCOURT became a director. NBB
In short
From € 2.9 million loss in 2022 to € 5.2 million profit in 2025.
Paid € 3.7 million in corporate taxes since 2022.
Best year ever: 2025, with € 5.2 million profit.
Pays suppliers within 18 days on average.
Management
It owns 99.7% of BRILIMEC, 40% of 91 RUE RACINE SARL, 29.9% of Euskadi 1 and 10% of UPI LISBON 12 SA itself.
Directors
According to the 2025 annual accounts
Dominique GAILLARD
Managing director
since 2013 · until 2030
Marc Speeckaert
Director
Also active at: Société d'Entreprises Immobilières et Financières, FAIR - WAYS, BRILIMEC
since 2024 · until 2030
since 2024 · until 2030
RADIATEURS ELECTRIQUES ROCOURT
Director · represented by Baudouin DUBUISSON
since 2016 · until 2030
Establishments
Establishment units
Physical locations of this company
Guido van Arezzoplein 19
1180 Ukkel
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.
Details
- Company number
- 0840.452.936
- VAT number
- BE 0840.452.936
- Registered office
- Guido van Arezzoplein 19, 1180 Ukkel
- Names & denominations
- PENFRET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 October 2011
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
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