ACTIVE

PASFROST

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Financial year 2025 · closed on 30/12/2025

Net result

14 M €

-20.7% YoY

Revenue

150,5 M €

+2.1% YoY

Equity

39,1 M €

+20.0% YoY

Workforce

143,1 ETP

+11.1% YoY

What does PASFROST do?

PASFROST is a Public limited company incorporated in 1974. Its main activity is: Other processing and preserving of fruit and vegetables. Its registered office is in Zonnebeke. It employs on average 143,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.296.896

Incorporation

07/06/1974

Legal form

Public limited company

Registered office

Passendalestraat 80
8980 Zonnebeke · FlandreSee on map

Contributed capital

9 021 449,78 €

Latest accounts

30/12/2025

Average workforce

143,1 ETP

Activities (NACE)

10393Other processing and preserving of fruit and vegetables· main 10393Other processing and preserving of fruit and vegetables 15332Manufacture of leather and related products

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	150,5 M €	+2.1%	147,4 M €	-39.5%	243,6 M €	+160%	93,7 M €	+7.0%	87,6 M €	-1.6%	89 M €	+4.5%	85,2 M €	+9.1%	78,1 M €	-2.8%	80,3 M €	+6.9%	75,1 M €	+7.9%	69,6 M €	+5.8%	65,8 M €	+6.6%	61,8 M €	-9.0%	67,8 M €	-35.4%	105 M €	+109%	50,2 M €	+4.1%	48,2 M €	-44.9%	87,5 M €
EBITDA	25,2 M €	-6.2%	26,8 M €	-16.6%	32,2 M €	+151%	12,8 M €	-5.7%	13,6 M €	-6.7%	14,6 M €	-8.2%	15,9 M €	+12.7%	14,1 M €	+20.8%	11,6 M €	+13.6%	10,2 M €	-11.2%	11,5 M €	+19.4%	9,7 M €	-7.5%	10,4 M €	-3.9%	10,9 M €	-21.9%	13,9 M €	+108%	6,7 M €	+13.1%	5,9 M €	-52.4%	12,5 M €
Operating result	16,3 M €	-17.1%	19,7 M €	+62.0%	12,2 M €	+594%	1,8 M €	+5.3%	1,7 M €	+54.4%	1,1 M €	-66.9%	3,2 M €	+2.7%	3,2 M €	-12.3%	3,6 M €	+39.7%	2,6 M €	+36.4%	1,9 M €	+19.7%	1,6 M €	-32.7%	2,4 M €	+24.1%	1,9 M €	-32.1%	2,8 M €	+32.2%	2,1 M €	+81.8%	1,2 M €	-50.1%	2,3 M €
Net result	14 M €	-20.7%	17,6 M €	+61.0%	11 M €	+574%	1,6 M €	+52.1%	1,1 M €	+2.8%	1 M €	-57.2%	2,4 M €	-23.4%	3,2 M €	+6.9%	3 M €	+52.0%	2 M €	+99.5%	979,1 k €	+12.7%	869 k €	-25.9%	1,2 M €	-18.1%	1,4 M €	-31.7%	2,1 M €	+63.3%	1,3 M €	+74.5%	735,8 k €	-20.3%	923,4 k €
Balance sheet
Equity	39,1 M €	+20.0%	32,6 M €	-6.1%	34,7 M €	+18.4%	29,3 M €	+1.8%	28,8 M €	+0.3%	28,7 M €	+0.5%	28,6 M €	+4.9%	27,2 M €	+12.9%	24,1 M €	-7.6%	26,1 M €	+3.5%	25,2 M €	+15.5%	21,8 M €	+59.4%	13,7 M €	+0.0%	13,7 M €	+1.7%	13,5 M €	+13.5%	11,9 M €	+7.9%	11 M €	+6.5%	10,3 M €
Total assets	102,1 M €	-4.2%	106,6 M €	+21.5%	87,7 M €	+1.4%	86,5 M €	-6.6%	92,6 M €	-10.0%	102,9 M €	+8.9%	94,4 M €	+13.1%	83,5 M €	+20.6%	69,3 M €	+8.5%	63,8 M €	-3.6%	66,2 M €	+1.0%	65,5 M €	+20.5%	54,4 M €	+0.9%	54 M €	+28.9%	41,9 M €	+12.2%	37,3 M €	-1.5%	37,9 M €	-3.2%	39,1 M €
Cash	14,2 M €	+37.9%	10,3 M €	+977%	955,3 k €	-51.3%	2 M €	-8.1%	2,1 M €	-47.2%	4 M €	+138%	1,7 M €	-55.3%	3,8 M €	-14.6%	4,5 M €	+101%	2,2 M €	+19.8%	1,8 M €	-16.0%	2,2 M €	+28.9%	1,7 M €	-20.6%	2,1 M €	-34.9%	3,3 M €	+720%	401,8 k €	-73.7%	1,5 M €	-46.4%	2,8 M €
Debts	60,5 M €	-17.8%	73,6 M €	+40.0%	52,6 M €	-7.9%	57,1 M €	-10.4%	63,7 M €	-14.0%	74,1 M €	+15.0%	64,4 M €	+18.5%	54,4 M €	+29.5%	42 M €	+16.7%	36 M €	-9.2%	39,6 M €	-3.3%	41 M €	+10.5%	37,1 M €	-3.9%	38,6 M €	+49.5%	25,8 M €	+8.2%	23,9 M €	-6.2%	25,4 M €	-8.3%	27,7 M €
Other
Workforce	143,1 ETP	+11.1%	128,8 ETP	+4.5%	123,3 ETP	+3.4%	119,3 ETP	0.0%	119,3 ETP	+6.7%	111,8 ETP	+1.9%	109,7 ETP	+14.5%	95,8 ETP	+10.8%	86,5 ETP	-5.0%	91,1 ETP	-0.7%	91,7 ETP	+3.9%	88,3 ETP	-0.7%	88,9 ETP	+9.9%	80,9 ETP	-2.8%	83,2 ETP	+2.3%	81,3 ETP	+4.9%	77,5 ETP	-0.8%	78,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/12/2025 · 5 active · 32 ended

Active mandates

Anne Lafaut

Managing director · since 21 décembre 2022 · until 03 juin 2028

Active

DE KERSELAAR

Managing director · since 21 décembre 2022 · until 03 juin 2028 · 0825.709.530

Represented by Vincent Lafaut

Active

L & P CONSULT

Chairman of the board of directors · since 21 décembre 2022 · until 03 juin 2028 · 0450.271.624

Represented by Patrick Lafaut

Active

Marie Rose Pascal

Managing director · since 21 décembre 2022 · until 03 juin 2028

Active

Veronique Lafaut

Managing director · since 21 décembre 2022 · until 03 juin 2028

Active

Ended mandates

DE KERSELAAR

Managing director · since 21 décembre 2022 · until 03 juin 2028 · 0825.709.530

Represented by Vincent Lafaut

Ended

L & P CONSULT

Chairman of the board of directors · since 21 décembre 2022 · until 03 juin 2028 · 0450.271.624

Represented by Patrick Lafaut

Ended

Anne Lafaut

Managing director · since 24 juin 2017 · until 24 juin 2023

Ended

DE KERSELAAR

Managing director · since 24 juin 2017 · until 24 juin 2023 · 0825.709.530

Represented by Lafaut VINCENT

Ended

At this address

Other companies at this address

Company	CBE no.
DE KERSELAAR● Active	0825.709.530
De Meiboom● Active	0726.533.859
Lafaut Gelden● Active	0726.535.245
Lafaut l&p● Active	0726.504.660

Annual accounts

Full financial information

	2025	2024	2023	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	31/12/2024	31/12/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	13 months	13 months	24 months	12 months	12 months	12 months
Filing date	16/07/2026	03/07/2025	03/07/2024	24/10/2022	24/08/2021	19/10/2020
General meeting	06/06/2026	07/06/2025	01/06/2024	25/06/2022	26/06/2021	27/06/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	30/12/2025	06/06/2026	16/07/2026	Dutch	PDF
Full model	30/12/2025	06/06/2026	09/07/2026	Dutch	PDF
Full model	30/12/2024	07/06/2025	03/07/2025	Dutch	PDF
Full model	30/12/2023	01/06/2024	03/07/2024	Dutch	PDF
Full modelCorrection	31/12/2021	25/06/2022	24/10/2022	Dutch	PDF
Full model	31/12/2021	25/06/2022	13/07/2022	Dutch	PDF
Full model	31/12/2020	26/06/2021	24/08/2021	Dutch	PDF
Full model	31/12/2019	27/06/2020	19/10/2020	Dutch	PDF
Full model	31/12/2018	29/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	20/07/2018	Dutch	PDF
Full model	31/12/2016	24/06/2017	28/07/2017	Dutch	PDF
Full model	31/12/2015	25/06/2016	25/08/2016	Dutch	PDF
Full model	31/12/2014	20/06/2015	24/07/2015	Dutch	PDF
Full model	31/12/2013	28/06/2014	20/08/2014	Dutch	PDF
Full modelCorrection	31/12/2012	29/06/2013	28/08/2013	Dutch	PDF
Full model	31/12/2012	29/06/2013	26/08/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	20/07/2012	Dutch	PDF
Full model	30/09/2010	25/03/2011	28/04/2011	Dutch	PDF
Full model	31/10/2008	25/04/2009	14/05/2009	Dutch	PDF
Full model	31/10/2007	26/04/2008	28/05/2008	Dutch	PDF
Full model	31/10/2006	28/04/2007	23/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 30/12/2025 · 5 active · 32 ended

Active mandates

Anne Lafaut

Managing director · since 21 décembre 2022 · until 03 juin 2028

Active

DE KERSELAAR

Managing director · since 21 décembre 2022 · until 03 juin 2028 · 0825.709.530

Represented by Vincent Lafaut

Active

L & P CONSULT

Chairman of the board of directors · since 21 décembre 2022 · until 03 juin 2028 · 0450.271.624

Represented by Patrick Lafaut

Active

Marie Rose Pascal

Managing director · since 21 décembre 2022 · until 03 juin 2028

Active

Veronique Lafaut

Managing director · since 21 décembre 2022 · until 03 juin 2028

Active

Ended mandates

DE KERSELAAR

Managing director · since 21 décembre 2022 · until 03 juin 2028 · 0825.709.530

Represented by Vincent Lafaut

Ended

L & P CONSULT

Chairman of the board of directors · since 21 décembre 2022 · until 03 juin 2028 · 0450.271.624

Represented by Patrick Lafaut

Ended

Anne Lafaut

Managing director · since 24 juin 2017 · until 24 juin 2023

Ended

DE KERSELAAR

Managing director · since 24 juin 2017 · until 24 juin 2023 · 0825.709.530

Represented by Lafaut VINCENT

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates13/10/2017
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other19/01/2016
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Restructuring03/06/2015
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring03/04/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares03/01/2014
KAPITAAL - AANDELEN
PDF
Mandates26/10/2011
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202514 M €↓
2024
Annual accounts 202417,6 M €↑
2023
Annual accounts 202311 M €↑
2021
Annual accounts 20211,6 M €↑
2020
Annual accounts 20201,1 M €↑
2019
Annual accounts 20191 M €↓
2018
Annual accounts 20182,4 M €↓
2017
Annual accounts 20173,2 M €↑
2016
Annual accounts 20163 M €↑
2015
Annual accounts 20152 M €↑
2014
Annual accounts 2014979,1 k €↑
2013
Annual accounts 2013869 k €↓
2012
Annual accounts 20121,2 M €↓
2011
Annual accounts 20111,4 M €↓
2010
Annual accounts 20102,1 M €↑
2008
Annual accounts 20081,3 M €↑
2007
Annual accounts 2007735,8 k €↓
2006
Annual accounts 2006923,4 k €
07/06/1974
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

PASFROST

Overview

What does PASFROST do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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