PASCO
0440.668.822 · rovalta.com · 22/09/2026
ACTIVE
PASCO
Financial year 2025 · closed on 31/12/2025
Net result
375,4 k €
-48.7% YoY
Gross margin
824,7 k €
-30.9% YoY
Equity
411 k €
+9.7% YoY
Workforce
5,6 ETP
+1.8% YoY
Overview
What does PASCO do?
PASCO is a Public limited company incorporated in 1990. Its registered office is in Zele. It employs on average 5,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0440.668.822
Incorporation
06/06/1990
Legal form
Public limited company
Registered office
Touwslagerstraat 4
9240 Zele · FlandreSee on map
9240 Zele · FlandreSee on map
Contributed capital
182 659,43 €
Latest accounts
31/12/2025
Average workforce
5,6 ETP
Joint committees (2)
- 111
- 209
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 824,7 k € | -30.9% | 1,2 M € | +39.4% | 856,4 k € | -32.2% | 1,3 M € | +184% | 444,6 k € | -32.3% | 657 k € | -26.0% | 887,4 k € | +9.2% | 812,9 k € | -24.0% | 1,1 M € | -3.1% | 1,1 M € | +70.8% | 646,3 k € | -27.0% | 885,7 k € | -1.3% | 897 k € | -14.2% | 1 M € | +53.4% | 681,7 k € | -8.2% | 742,9 k € | +8.8% | 683,1 k € | -7.0% | 734,4 k € |
| EBITDA | 489 k € | -42.2% | 846 k € | +61.2% | 524,9 k € | -44.7% | 949,2 k € | +322% | 224,9 k € | -43.5% | 398,5 k € | -34.1% | 604,8 k € | +15.0% | 525,9 k € | -34.5% | 803,3 k € | -1.2% | 813,3 k € | +172% | 299 k € | -45.6% | 549,8 k € | -14.4% | 642,5 k € | -18.6% | 789,4 k € | +86.5% | 423,2 k € | +14.5% | 369,6 k € | +7.2% | 344,8 k € | -4.7% | 361,9 k € |
| Operating result | 478,6 k € | -43.0% | 840 k € | +61.9% | 518,8 k € | -45.0% | 942,9 k € | +269% | 255,6 k € | -35.2% | 394,3 k € | -34.0% | 597,8 k € | +15.7% | 516,8 k € | -35.3% | 798,2 k € | -1.2% | 807,5 k € | +192% | 276,4 k € | -47.3% | 524,7 k € | -14.7% | 615,3 k € | -16.5% | 736,7 k € | +79.8% | 409,8 k € | +13.5% | 361 k € | +10.7% | 326,1 k € | +4.0% | 313,5 k € |
| Net result | 375,4 k € | -48.7% | 731,6 k € | +44.4% | 506,6 k € | -45.9% | 937,1 k € | +300% | 234 k € | -40.1% | 390,5 k € | -33.6% | 587,7 k € | +10.2% | 533,1 k € | +1.2% | 526,8 k € | -7.2% | 567,8 k € | +159% | 219,4 k € | -42.6% | 382,2 k € | -16.7% | 458,5 k € | -7.3% | 494,5 k € | +78.1% | 277,8 k € | +12.1% | 247,7 k € | +10.6% | 224,1 k € | +6.7% | 210 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 411 k € | +9.7% | 374,6 k € | +54.1% | 243 k € | +0.2% | 242,4 k € | +0.0% | 242,3 k € | +14.6% | 211,5 k € | +0.2% | 211 k € | +0.3% | 210,2 k € | +0.0% | 210,2 k € | 0.0% | 210,2 k € | -87.1% | 1,6 M € | -1.2% | 1,7 M € | +4.0% | 1,6 M € | +30.1% | 1,2 M € | +68.0% | 726,9 k € | +61.8% | 449,2 k € | +123% | 201,4 k € | +0.1% | 201,1 k € |
| Total assets | 1,7 M € | -4.0% | 1,8 M € | +32.1% | 1,3 M € | -15.9% | 1,6 M € | +84.5% | 856,1 k € | +1.6% | 842,3 k € | -19.1% | 1 M € | -14.8% | 1,2 M € | -14.3% | 1,4 M € | +45.9% | 978,1 k € | -61.3% | 2,5 M € | +23.1% | 2,1 M € | +7.2% | 1,9 M € | +35.5% | 1,4 M € | +45.4% | 972,2 k € | +35.5% | 717,7 k € | +24.0% | 578,8 k € | -20.2% | 725,4 k € |
| Cash | 602,7 k € | -16.5% | 722,2 k € | +67.2% | 432 k € | +24.2% | 347,7 k € | +10.2% | 315,7 k € | +115% | 146,7 k € | -29.9% | 209,3 k € | +984% | 19,3 k € | -95.0% | 389,5 k € | +116% | 180,6 k € | +70.3% | 106,1 k € | -50.0% | 212,4 k € | -84.1% | 1,3 M € | +60.6% | 831,8 k € | +136% | 352,5 k € | -27.5% | 486,3 k € | +33.9% | 363 k € | -4.5% | 380,2 k € |
| Debts | 1,3 M € | -7.3% | 1,4 M € | +26.7% | 1,1 M € | -18.8% | 1,3 M € | +117% | 613,8 k € | +3.5% | 593,3 k € | -25.2% | 792,9 k € | -18.6% | 973,9 k € | -17.3% | 1,2 M € | +61.3% | 730,4 k € | -14.9% | 858,3 k € | +129% | 375,2 k € | +29.0% | 290,8 k € | +55.0% | 187,7 k € | -20.6% | 236,4 k € | -11.5% | 267 k € | -24.0% | 351,4 k € | -29.2% | 496,6 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 5,6 ETP | +1.8% | 5,5 ETP | 0.0% | 5,5 ETP | -5.2% | 5,8 ETP | +56.8% | 3,7 ETP | -24.5% | 4,9 ETP | -18.3% | 6,0 ETP | -15.5% | 7,1 ETP | +29.1% | 5,5 ETP | +5.8% | 5,2 ETP | -27.8% | 7,2 ETP | +14.3% | 6,3 ETP | +31.3% | 4,8 ETP | -18.6% | 5,9 ETP | +18.0% | 5,0 ETP | -23.1% | 6,5 ETP | +14.0% | 5,7 ETP | +3.6% | 5,5 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 28 ended
Active mandates
Active
Xavier Vanhaelewyn
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
DALTECNIC INTERNATIONAL● Active | 0837.572.333 |
DRUM INVEST● Active | 0790.509.220 |
GALVATON● Active | 0435.476.253 |
GROEP DRUMCO● Active | 0675.540.167 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 31/08/2026 | 08/07/2025 | 26/03/2024 | 13/07/2023 | 18/07/2022 | 07/07/2021 |
| General meeting | 31/07/2026 | 30/06/2025 | 29/02/2024 | 30/06/2023 | 30/06/2022 | 10/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 31/07/2026 | 31/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/06/2025 | 08/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 29/02/2024 | 26/03/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/06/2023 | 13/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/06/2022 | 18/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 10/06/2021 | 07/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 30/06/2020 | 24/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 11/06/2019 | 08/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 11/06/2018 | 25/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 10/06/2017 | 13/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 10/06/2016 | 05/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 10/06/2015 | 07/07/2015 | Dutch | |
| Abridged modelCorrection | 31/12/2013 | 09/06/2014 | 17/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 09/06/2014 | 29/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 09/06/2013 | 21/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 10/06/2012 | 27/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 10/06/2011 | 25/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 10/06/2010 | 20/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 10/06/2009 | 29/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 12/06/2008 | 15/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 12/06/2007 | 13/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 28 ended
Active mandates
Active
Xavier Vanhaelewyn
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025375,4 k €↓
- 2024Annual accounts 2024731,6 k €↑
- 2023Annual accounts 2023506,6 k €↓
- 2022Annual accounts 2022937,1 k €↑
- 2021Annual accounts 2021234 k €↓
- 2018Annual accounts 2018390,5 k €↓
- 2017Annual accounts 2017587,7 k €↑
- 2016Annual accounts 2016533,1 k €↑
- 2015Annual accounts 2015526,8 k €↓
- 2014Annual accounts 2014567,8 k €↑
- 2013Annual accounts 2013219,4 k €↓
- 2012Annual accounts 2012382,2 k €↓
- 2011Annual accounts 2011458,5 k €↓
- 2010Annual accounts 2010494,5 k €↑
- 2009Annual accounts 2009277,8 k €↑
- 2008Annual accounts 2008247,7 k €↑
- 2007Annual accounts 2007224,1 k €↑
- 2006Annual accounts 2006210 k €
- 06/06/1990IncorporationPublic limited company