Stadtentwicklung Pirmasens GmbH (SEP)

Stadtentwicklung Pirmasens GmbH (SEP) acquires, develops, manages, maintains, constructs, operates, leases, subleases and sells land, buildings and other facilities and promotes municipal tasks, particularly for sporting or cultural purposes. The company is registered at the District Court Zweibrücken under HRB 23624 and was classified as a micro-capital company according to § 267 HGB as of the balance sheet date 31 December 2024; the sole shareholder is the City of Pirmasens. As of 31 December 2024 SEP reported total assets of 30,368,209.00 EUR, equity of 30,166,019.82 EUR and a net profit for the year 2024 of 416,899.98 EUR. SEP holds 100% of the shares in Stadtwerke Pirmasens Holding GmbH with a carrying amount of 28,825,631.32 EUR; that associated company's result for 2024 is 3,280,392.48 EUR.