Financials
Financial year 2025
PENNEMAN from Stekene, company number BE0895780251, closed financial year 2025 with a result of € 599,763 after tax. For that financial year PENNEMAN recorded a gross margin of € 1.1 million and equity of € 3.7 million. Compared with financial year 2024, the result moved from € 641,785 to € 599,763. 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 April 3, 2026.
€ 3.7 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 599,763
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 483,313
▲ 84% 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 € 3 million.
People and assets in 2025
3.8
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 83,858
▲ 3% vs 2024
€ 22,100 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.
€ 26,046
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2
Loans from banks and other lenders, long and short.
€ 349,599
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 80,510
▼ 52% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 559,609 | € 650,031 | € 1,102,413 | € 1,050,153 | ▼ 5% |
| Profit after taxes | € 258,965 | € 312,911 | € 641,785 | € 599,763 | ▼ 7% |
| Equity | € 2,178,034 | € 2,490,946 | € 3,132,731 | € 3,732,494 | ▲ 19% |
| Total debts | € 430,699 | € 343,197 | € 613,277 | € 453,254 | ▼ 26% |
| Cash | € 556,295 | € 339,407 | € 262,678 | € 483,313 | ▲ 84% |
| Land & buildings | € 941,492 | € 892,880 | € 828,687 | € 770,896 | ▼ 7% |
| Retained profit | € 1,450,482 | € 1,763,394 | € 2,405,179 | € 3,004,942 | ▲ 25% |
| Dividend | € 82,105 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 2 | |
| Balance sheet total | € 2,608,733 | € 2,834,143 | € 3,746,008 | € 4,185,749 | ▲ 12% |
| Employees (FTE) | 2.1 | 2.2 | 2.1 | 3.8 | ▲ 1.7 |
Key figures of PENNEMAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to PENNEMAN?
What happened at PENNEMAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 599,763 (▼ 7% vs 2024). Source: NBB ↗
- Marie Louise Raes became a director. NBB
- Frederik Penneman became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Stekene. KBO
In short
From € 258,965 profit in 2022 to € 599,763 profit in 2025.
Paid € 834,033 in corporate taxes since 2022.
Best year ever: 2024, with € 641,785 profit.
On average € 276,400 of value added per employee in 2025.
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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 PENNEMAN are Marie Louise Raes and Frederik Penneman.
Directors
According to the 2025 annual accounts
Marie Louise Raes
Director
since 2009
Frederik Penneman
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Nieuwstraat(STE) 119
9190 Stekene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0895.780.251
- VAT number
- BE 0895.780.251
- Registered office
- Nieuwstraat(STE) 119, 9190 Stekene
- Names & denominations
- PENNEMAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 2008
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
Groothandel in zuivelproducten en eieren