NORMAL SITUATION

PASEC

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Company — Normal situation.

Financial year 2021 · Closed on 31/12/2021

Net result3,5 M €+121,7 %over 1 year

Revenue20,2 M €+11,2 %over 1 year

Equity6,9 M €+96,5 %over 1 year

Workforce30,8 ETP-63,2 %over 1 year

Identity

Source · BCE/KBO

PASEC is a company registered in Belgium. It employs on average 30,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0418.314.082
Legal form: Public limited company
Contributed capital: 1 985 139,91 €
Latest accounts: 31/12/2021
Average workforce: 30,8 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 28 filings

Trend over 15 financial years

	2021		2019		2018		2017		2016
Income statement
Revenue	20,2 M €	+11.2%	18,2 M €	-40.7%	30,7 M €	-3.9%	31,9 M €	+12.3%	28,4 M €
EBITDA	3,9 M €	+233%	-2,9 M €	-35.0%	-2,1 M €	-12.2%	-1,9 M €	-2215%	-82,8 k €
Operating result	3,7 M €	+211%	-3,3 M €	-34.6%	-2,5 M €	-0.2%	-2,5 M €	-323%	-583,8 k €
Net result	3,5 M €	+122%	1,6 M €	+166%	-2,4 M €	+2.7%	-2,5 M €	-327%	-578,7 k €
Balance sheet
Equity	6,9 M €	+96.5%	3,5 M €	-12.7%	4 M €	-37.4%	6,4 M €	-27.8%	8,9 M €
Total assets	8,5 M €	-32.6%	12,7 M €	-17.9%	15,4 M €	+9.1%	14,1 M €	+4.0%	13,6 M €
Cash	567,8 k €	+3162%	17,4 k €	-98.4%	1,1 M €	+69.8%	633,9 k €	-52.6%	1,3 M €
Debts	1,6 M €	-80.6%	8,4 M €	-24.9%	11,2 M €	+49.8%	7,5 M €	+69.8%	4,4 M €
Other
Workforce	30,8 ETP	-63.2%	83,6 ETP	-42.4%	145,1 ETP	+22.6%	118,4 ETP	+5.2%	112,5 ETP

Board of directors

Source · NBB, accounts to 31/12/2021

2 active · 52 ended

Active mandates

FORESCO GROUP

Managing director · since 29 septembre 2020 · until 25 juin 2026 · 0738.732.204

Represented by Cédric De Quinnemar

Active

Jan Ponnet

Managing director · since 29 septembre 2020 · until 25 juin 2026

Active

Ended mandates

Corlignum BV

Director · since 31 mai 2019 · until 31 mai 2022

Represented by I.G.C. Faber

Ended

Faber Halbertsma Groep BV

Director · since 31 mai 2019 · until 31 mai 2022

Represented by Constantijn Marie Franciscus Peeters

Ended

Frederik Egbert Frank Faber

Director · since 31 mai 2019 · until 31 mai 2022

Ended

Frederik Egbert Frank Faber

Director · since 02 janvier 2018 · until 31 mai 2019

Ended

Full financial information

Source · NBB

	2021	2020	2019	2018	2017	2016
Type of account	Full model	Full model	Full model	Consolidated accounts	Consolidated accounts	Consolidated accounts
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/05/2022	13/12/2021	28/04/2020	04/06/2019	24/07/2018	20/07/2017
General meeting	27/04/2022	24/06/2021	15/04/2020	20/05/2019	24/04/2018	11/05/2017
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 28 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2021	27/04/2022	23/05/2022	Dutch	PDF
Full modelCorrection	31/12/2020	24/06/2021	13/12/2021	Dutch	PDF
Full model	31/12/2020	24/06/2021	28/07/2021	Dutch	PDF
Full model	31/12/2019	15/04/2020	28/04/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	03/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	20/05/2019	04/06/2019	English	PDF
Full model	31/12/2017	31/05/2018	13/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	24/04/2018	24/07/2018	English	PDF
Full model	31/12/2016	26/05/2017	30/05/2017	Dutch	PDF
Consolidated accounts	31/12/2016	11/05/2017	20/07/2017	English	PDF
Full model	31/12/2015	26/05/2016	13/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	17/06/2016	20/07/2016	Dutch	PDF
Full model	31/12/2014	28/05/2015	01/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	01/06/2015	04/08/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	11/06/2014	Dutch	PDF
Consolidated accounts	31/12/2013	12/05/2014	25/06/2014	Dutch	PDF
Full model	31/12/2012	30/05/2013	05/06/2013	Dutch	PDF
Consolidated accounts	31/12/2012	21/05/2013	13/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	12/06/2012	Dutch	PDF
Consolidated accounts	31/12/2011	15/05/2012	12/06/2012	Dutch	PDF
Full model	31/12/2010	26/05/2011	31/05/2011	Dutch	PDF
Consolidated accounts	31/12/2010	09/05/2011	21/06/2011	Dutch	PDF
Full model	31/12/2009	27/05/2010	01/06/2010	Dutch	PDF
Consolidated accounts	31/12/2009	19/05/2010	02/11/2010	Dutch	PDF
Full model	31/12/2008	28/05/2009	11/06/2009	Dutch	PDF
Consolidated accounts	31/12/2008	16/04/2009	03/12/2009	Dutch	PDF
Full model	31/12/2007	22/05/2008	09/06/2008	Dutch	PDF
Full model	31/12/2006	24/05/2007	25/06/2007	Dutch	PDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2021

2 active · 52 ended

Active mandates

FORESCO GROUP

Managing director · since 29 septembre 2020 · until 25 juin 2026 · 0738.732.204

Represented by Cédric De Quinnemar

Active

Jan Ponnet

Managing director · since 29 septembre 2020 · until 25 juin 2026

Active

Ended mandates

Corlignum BV

Director · since 31 mai 2019 · until 31 mai 2022

Represented by I.G.C. Faber

Ended

Faber Halbertsma Groep BV

Director · since 31 mai 2019 · until 31 mai 2022

Represented by Constantijn Marie Franciscus Peeters

Ended

Frederik Egbert Frank Faber

Director · since 31 mai 2019 · until 31 mai 2022

Ended

Frederik Egbert Frank Faber

Director · since 02 janvier 2018 · until 31 mai 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Dissolution10/08/2022
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring15/06/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other19/11/2020
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2018
ONTSLAGEN - BENOEMINGEN
PDF

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

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Timeline

2021
Annual accounts 20213,5 M €↑
2019
Annual accounts 20191,6 M €↑
2018
Annual accounts 2018-2,4 M €↑
2017
Annual accounts 2017-2,5 M €↓
2016
Annual accounts 2016-578,7 k €↑
2015
Annual accounts 2015-586,2 k €↑
2014
Annual accounts 2014-765,8 k €↓
2013
Annual accounts 2013-631,1 k €↓
2012
Annual accounts 2012346,4 k €↓
2011
Annual accounts 2011907,6 k €↓
2010
Annual accounts 20101 M €↓
2009
Annual accounts 20091,6 M €↑
2008
Annual accounts 20081,4 M €↓
2007
Annual accounts 20071,6 M €↑
2006
Annual accounts 2006579,2 k €

PASEC

Overview

Identity

Financials

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

Timeline