ACTIVE

ACO PASSAVANT

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-22.5% YoY

Revenue

19,8 M €

-3.8% YoY

Equity

3,1 M €

+4.0% YoY

Workforce

36,8 ETP

+3.7% YoY

What does ACO PASSAVANT do?

ACO PASSAVANT is a Public limited company incorporated in 1966. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Merchtem. It employs on average 36,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.184.458

Incorporation

19/02/1966

Legal form

Public limited company

Registered office

Preenakker 6
1785 Merchtem · FlandreSee on map

Contributed capital

656 000,00 €

Latest accounts

31/12/2025

Average workforce

36,8 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 46739Wholesale of wood, construction materials and sanitary equipment 46839Wholesale trade, except of motor vehicles and motorcycles 51872Air transport 43990Other specialised construction activities n.e.c.+1

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	19,8 M €	-3.8%	20,6 M €	+0.5%	20,5 M €	-6.7%	21,9 M €	+0.7%	21,8 M €	+20.2%	18,1 M €	+0.6%	18 M €	+6.5%	16,9 M €	-0.1%	16,9 M €	+5.6%	16 M €	+4.8%	15,3 M €	+2.6%	14,9 M €	+12.4%	13,3 M €	+16.2%	11,4 M €	+2.4%	11,1 M €	+1.2%	11 M €	+30.3%	8,4 M €
EBITDA	2 M €	-20.0%	2,5 M €	-11.7%	2,8 M €	-7.9%	3,1 M €	+3.7%	3 M €	+9.4%	2,7 M €	-17.2%	3,3 M €	+5.3%	3,1 M €	+3.3%	3 M €	+0.7%	3 M €	+1.0%	3 M €	+2.8%	2,9 M €	+7.5%	2,7 M €	+15.1%	2,3 M €	+14.8%	2 M €	+7.7%	1,9 M €	+36.7%	1,4 M €
Operating result	1,7 M €	-20.9%	2,2 M €	-12.7%	2,5 M €	-5.9%	2,7 M €	-1.5%	2,7 M €	+13.4%	2,4 M €	-23.6%	3,2 M €	+5.9%	3 M €	+10.1%	2,7 M €	-3.5%	2,8 M €	+1.4%	2,8 M €	+0.9%	2,7 M €	+7.7%	2,5 M €	+13.6%	2,2 M €	+12.5%	2 M €	+6.8%	1,9 M €	+37.7%	1,4 M €
Net result	1,1 M €	-22.5%	1,4 M €	-17.4%	1,8 M €	-1.8%	1,8 M €	-3.2%	1,8 M €	+14.1%	1,6 M €	-16.2%	1,9 M €	+6.0%	1,8 M €	+11.9%	1,6 M €	-4.7%	1,7 M €	+1.5%	1,7 M €	+1.4%	1,7 M €	+7.6%	1,5 M €	+12.2%	1,4 M €	+8.9%	1,3 M €	+5.4%	1,2 M €	-1.8%	1,2 M €
Balance sheet
Equity	3,1 M €	+4.0%	3 M €	+1.5%	3 M €	+5.3%	2,8 M €	+1.2%	2,8 M €	+7.4%	2,6 M €	+25.8%	2,1 M €	+6.5%	1,9 M €	+12.6%	1,7 M €	+1.4%	1,7 M €	+6.6%	1,6 M €	+5.2%	1,5 M €	+11.5%	1,4 M €	+7.0%	1,3 M €	+1.7%	1,2 M €	-3.2%	1,3 M €	+3.6%	1,2 M €
Total assets	7,6 M €	-5.4%	8 M €	+1.2%	8 M €	-2.6%	8,2 M €	-2.1%	8,3 M €	+11.1%	7,5 M €	+33.1%	5,6 M €	+1.7%	5,5 M €	+1.8%	5,5 M €	-1.9%	5,6 M €	-6.4%	5,9 M €	+1.3%	5,9 M €	+14.4%	5,1 M €	-2.7%	5,3 M €	-5.4%	5,6 M €	+63.1%	3,4 M €	+8.7%	3,1 M €
Cash	255,3 k €	-12.5%	291,7 k €	-7.0%	313,8 k €	-18.8%	386,4 k €	+23.1%	313,8 k €	+39.8%	224,4 k €	+17.8%	190,5 k €	-16.4%	227,9 k €	-34.3%	346,9 k €	+13.4%	305,8 k €	-0.4%	307,1 k €	-33.1%	459,3 k €	+42.3%	322,8 k €	+17.0%	275,8 k €	+30.1%	212,1 k €	+45.7%	145,6 k €	-3.6%	151 k €
Debts	4,4 M €	-10.6%	4,9 M €	+5.5%	4,7 M €	-6.9%	5 M €	-6.4%	5,4 M €	+14.2%	4,7 M €	+44.3%	3,3 M €	-0.1%	3,3 M €	-3.4%	3,4 M €	-3.7%	3,5 M €	-11.0%	3,9 M €	-0.6%	4 M €	+14.2%	3,5 M €	-7.5%	3,8 M €	-7.6%	4,1 M €	+114%	1,9 M €	+13.5%	1,7 M €
Other
Workforce	36,8 ETP	+3.7%	35,5 ETP	+1.7%	34,9 ETP	+10.8%	31,5 ETP	-0.9%	31,8 ETP	-3.3%	32,9 ETP	+22.8%	26,8 ETP	-3.9%	27,9 ETP	+8.1%	25,8 ETP	+6.6%	24,2 ETP	+3.4%	23,4 ETP	+3.5%	22,6 ETP	+4.6%	21,6 ETP	+2.9%	21,0 ETP	+6.6%	19,7 ETP	+15.2%	17,1 ETP	+2.4%	16,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

François Desebbe

Director · since 14 février 2024 · until 30 juin 2030

Active

Nico De Broyer

Director · since 30 juin 2022 · until 30 juin 2028

Active

Ended mandates

Richard Hill

Director · since 13 avril 2022 · until 14 février 2024

Ended

Richard Hill

Director · since 13 avril 2022 · until 30 juin 2028

Ended

EM DRIVE

Director · since 30 juin 2017 · until 30 juin 2022 · 0837.635.580

Represented by Muyldermans EDDY

Ended

EM DRIVE

Director · since 30 juin 2017 · until 11 avril 2023 · 0837.635.580

Represented by Eddy Muyldermans

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2026	16/07/2025	31/07/2024	14/07/2023	12/07/2022	12/07/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	16/07/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	14/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	14/07/2020	Dutch	PDF
Full model	31/12/2018	05/07/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	11/07/2018	16/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	13/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	08/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	17/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	29/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	02/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	26/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	27/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	31/08/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	18/07/2008	Dutch	PDF
Full model	31/12/2006	13/06/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

François Desebbe

Director · since 14 février 2024 · until 30 juin 2030

Active

Nico De Broyer

Director · since 30 juin 2022 · until 30 juin 2028

Active

Ended mandates

Richard Hill

Director · since 13 avril 2022 · until 14 février 2024

Ended

Richard Hill

Director · since 13 avril 2022 · until 30 juin 2028

Ended

EM DRIVE

Director · since 30 juin 2017 · until 30 juin 2022 · 0837.635.580

Represented by Muyldermans EDDY

Ended

EM DRIVE

Director · since 30 juin 2017 · until 11 avril 2023 · 0837.635.580

Represented by Eddy Muyldermans

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2011
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,1 M €↓
2024
Annual accounts 20241,4 M €↓
2023
Annual accounts 20231,8 M €↓
2022
Annual accounts 20221,8 M €↓
2021
Annual accounts 20211,8 M €↑
2020
Annual accounts 20201,6 M €↓
2016
Annual accounts 20161,9 M €↑
2015
Annual accounts 20151,8 M €↑
2014
Annual accounts 20141,6 M €↓
2013
Annual accounts 20131,7 M €↑
2012
Annual accounts 20121,7 M €↑
2011
Annual accounts 20111,7 M €↑
2010
Annual accounts 20101,5 M €↑
2009
Annual accounts 20091,4 M €↑
2008
Annual accounts 20081,3 M €↑
2007
Annual accounts 20071,2 M €↓
2006
Annual accounts 20061,2 M €
19/02/1966
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ACO PASSAVANT

Overview

What does ACO PASSAVANT do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline