Financials
Financial year 2025
PENNEL & FLIPO from Mouscron, company number BE0885940788, closed financial year 2025 with a result of € 14.7 million after tax. For that financial year PENNEL & FLIPO recorded revenue of € 57.4 million and equity of € 32.4 million. Compared with financial year 2024, the result moved from € 13.9 million to € 14.7 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 May 18, 2026.
€ 32.4 million
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14.7 million
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 901,363
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10 million paid out
68 % of the profit went to the shareholders, mostly to Flex Composite Group (100 % of the shares). That is where the money ends up.
People and assets in 2025
98
▼ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.8 million
€ 69,600 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.
€ 129,730
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 8 million
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 95 days on average.
€ 4 million
▲ 33% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 60,011,822 | € 55,829,291 | € 55,042,460 | € 57,379,333 | ▲ 4% |
| Profit after taxes | € 14,945,949 | € 13,537,934 | € 13,884,275 | € 14,747,043 | ▲ 6% |
| Equity | € 22,443,527 | € 23,839,731 | € 27,643,795 | € 32,390,838 | ▲ 17% |
| Total debts | € 24,152,143 | € 13,603,811 | € 15,093,849 | € 14,234,997 | ▼ 6% |
| Cash | € 9,481,604 | € 3,733,762 | € 718,292 | € 901,363 | ▲ 25% |
| Land & buildings | € 3,227,827 | € 2,795,157 | € 2,568,583 | € 2,434,895 | ▼ 5% |
| Retained profit | € 20,932,204 | € 22,470,138 | € 26,354,413 | € 31,101,456 | ▲ 18% |
| Dividend | € 17,500,000 | € 12,000,000 | € 10,000,000 | € 10,000,000 | |
| Bank debt | € 13,166,662 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 47,354,001 | € 38,162,626 | € 43,411,121 | € 47,197,771 | ▲ 9% |
| Employees (FTE) | 99.9 | 103.6 | 101 | 98 | ▼ 3 |
Key figures of PENNEL & FLIPO, 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 PENNEL & FLIPO?
What happened at PENNEL & FLIPO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alan LACAN stepped down as director. NBB
- Sandrine Rambaud stepped down as director. NBB
- Flex Composite Group stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 14.7 million (▲ 6% vs 2024). Source: NBB ↗
- Alan LACAN became a director. NBB
- Sandrine Rambaud became a director. NBB
- Flex Composite Group became a director. NBB
- New establishment in Mouscron. KBO
In short
From € 14.9 million profit in 2022 to € 14.7 million profit in 2025.
Paid € 18.8 million in corporate taxes since 2022.
Best year ever: 2022, with € 14.9 million profit.
Paid out € 49.5 million 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
The shares are held by Flex Composite Group (100%). It owns 100% of ORCA SALES, 100% of PENNEL USA INC and 0% of ORCA LTD itself.
Directors
According to the 2025 annual accounts
Alan LACAN
Director
since 2026 · until 2032
Sandrine Rambaud
Director
since 2023 · until 2029
Chairman of the board · represented by JAUNET Nicolas
since 2022 · until 2028
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Eurozonelaan 102
7700 Mouscron
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
Domain
Domain
orca.eu
Registrar
OVH SAS
Website info
Features
Security
Network
Details
- Company number
- 0885.940.788
- VAT number
- BE 0885.940.788
- Registered office
- Eurozonelaan 102, 7700 Mouscron
- Names & denominations
- PENNEL & FLIPO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2006
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- orca.eu
- Activities · NACE
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