Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11 to 7.5.
-
Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
PENMAN CONSULTING from Elsene, company number BE0888848117, closed financial year 2025 with a result of € 68,378 after tax. For that financial year PENMAN CONSULTING recorded a gross margin of € 1 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 103,803 to € 68,378. 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 July 3, 2026.
€ 1.2 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 68,378
▼ 34% vs 2024
Profit after tax over the fiscal year.
€ 671,692
▼ 45% 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 € 1.2 million.
People and assets in 2025
7.5
▼ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 690,053
▼ 39% vs 2024
€ 92,000 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 513,811
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 144,955
▼ 70% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,026,045 | € 1,310,183 | € 1,541,965 | € 1,009,937 | ▼ 35% |
| Profit after taxes | € 40,437 | € 117,557 | € 103,803 | € 68,378 | ▼ 34% |
| Equity | € 888,666 | € 1,006,223 | € 1,110,026 | € 1,178,404 | ▲ 6% |
| Total debts | € 2,274,533 | € 1,948,859 | € 2,370,797 | € 874,371 | ▼ 63% |
| Cash | € 831,574 | € 933,362 | € 1,226,930 | € 671,692 | ▼ 45% |
| Retained profit | € 876,266 | € 993,823 | € 1,097,626 | € 1,166,004 | ▲ 6% |
| Balance sheet total | € 3,163,199 | € 2,955,083 | € 3,480,823 | € 2,052,775 | ▼ 41% |
| Employees (FTE) | 9.3 | 11 | 10.4 | 7.5 | ▼ 2.9 |
Key figures of PENMAN CONSULTING, 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 PENMAN CONSULTING?
What happened at PENMAN CONSULTING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 68,378 (▼ 34% vs 2024). Source: NBB ↗
- New establishment in Elsene. KBO
- Michael Penman became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 40,437 profit in 2022 to € 68,378 profit in 2025.
Paid € 259,688 in corporate taxes since 2022.
Best year ever: 2023, with € 117,557 profit.
On average € 134,700 of value added per employee in 2025.
A new publication or filing at PENMAN CONSULTING? 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
Behind PENMAN CONSULTING is Michael Penman. The shares are held by Penman Consulting LTD (100%).
Directors
According to the 2025 annual accounts
Michael Penman
Director
since 2007
Shareholders
Penman Consulting LTD
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Troonstraat 108
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0888.848.117
- VAT number
- BE 0888.848.117
- Registered office
- Troonstraat 108, 1050 Elsene
- Names & denominations
- PENMAN CONSULTING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 April 2007
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
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