PASA
0449.193.736 · rovalta.com · 23/09/2026
ACTIVE
PASA
Financial year 2025 · closed on 31/12/2025
Net result
6,6 k €
+1.6% YoY
Gross margin
28,1 k €
+2.5% YoY
Equity
244,6 k €
+2.8% YoY
Overview
What does PASA do?
PASA is a Public limited company incorporated in 1993. Its registered office is in Antwerpen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0449.193.736
Incorporation
08/01/1993
Legal form
Public limited company
Registered office
Frans Beirenslaan 151
2150 Antwerpen · FlandreSee on map
2150 Antwerpen · FlandreSee on map
Contributed capital
219 881,56 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 28,1 k € | +2.5% | 27,4 k € | +7.6% | 25,5 k € | +29.7% | 19,6 k € | +2.1% | 19,2 k € | +46.2% | 13,2 k € | -33.1% | 19,7 k € | +14.7% | 17,1 k € | +43.9% | 11,9 k € | -35.2% | 18,4 k € | -10.2% | 20,5 k € | -2.4% | 21 k € | -34.7% | 32,1 k € | -23.5% | 42 k € | -2.5% | 43,1 k € | -3.3% | 44,5 k € | +7.0% | 41,6 k € | +56.3% | 26,6 k € | +1508% | 1,7 k € | -87.7% | 13,4 k € |
| EBITDA | 19,4 k € | +2.2% | 18,9 k € | +9.3% | 17,3 k € | +41.9% | 12,2 k € | +2.0% | 12 k € | +101% | 6 k € | -54.1% | 13 k € | +22.6% | 10,6 k € | +509% | 1,7 k € | -85.6% | 12,1 k € | +61.5% | 7,5 k € | -56.1% | 17 k € | -39.7% | 28,2 k € | -26.2% | 38,2 k € | +3.6% | 36,9 k € | -9.9% | 40,9 k € | +8.6% | 37,7 k € | +62.6% | 23,2 k € | +1774% | -1,4 k € | -113% | 10,4 k € |
| Operating result | 9,6 k € | +9.8% | 8,7 k € | +24.4% | 7 k € | +238% | 2,1 k € | +19.2% | 1,7 k € | +155% | -3,2 k € | -182% | 3,9 k € | +160% | 1,5 k € | +119% | -7,8 k € | -417% | 2,5 k € | +217% | -2,1 k € | -127% | 8 k € | -59.9% | 19,9 k € | -22.1% | 25,5 k € | +2.4% | 24,9 k € | -14.0% | 29 k € | +10.8% | 26,1 k € | +120% | 11,9 k € | +200% | -11,9 k € | -436% | 3,5 k € |
| Net result | 6,6 k € | +1.6% | 6,5 k € | +7.1% | 6,1 k € | +267% | 1,6 k € | +20.9% | 1,4 k € | +136% | -3,8 k € | -246% | 2,6 k € | +933% | 249,8 € | +103% | -8,9 k € | -655% | 1,6 k € | +146% | -3,5 k € | -163% | 5,5 k € | -65.9% | 16,2 k € | -24.5% | 21,5 k € | +8.5% | 19,8 k € | -14.0% | 23 k € | +19.0% | 19,4 k € | +397% | 3,9 k € | +124% | -16,5 k € | -703% | 2,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 244,6 k € | +2.8% | 238 k € | +2.8% | 231,5 k € | +2.7% | 225,5 k € | +0.7% | 223,8 k € | +0.6% | 222,5 k € | -1.7% | 226,2 k € | +1.2% | 223,6 k € | +0.1% | 223,4 k € | -3.8% | 232,3 k € | +0.7% | 230,7 k € | -1.5% | 234,2 k € | +2.4% | 228,6 k € | +7.6% | 212,4 k € | +11.3% | 190,9 k € | +11.6% | 171,1 k € | +15.6% | 148,1 k € | +15.0% | 128,7 k € | +3.1% | 124,8 k € | -11.7% | 141,3 k € |
| Total assets | 250,9 k € | +3.5% | 242,4 k € | +1.3% | 239,2 k € | -0.6% | 240,6 k € | +1.2% | 237,7 k € | -0.7% | 239,4 k € | -3.8% | 248,8 k € | -3.4% | 257,5 k € | +2.3% | 251,7 k € | -2.6% | 258,4 k € | -3.5% | 267,8 k € | -1.4% | 271,7 k € | -1.6% | 276,1 k € | -0.9% | 278,6 k € | -0.3% | 279,6 k € | -2.0% | 285,2 k € | -0.6% | 286,9 k € | -1.5% | 291,1 k € | +3.5% | 281,2 k € | +56.9% | 179,2 k € |
| Cash | 25,9 k € | +31.2% | 19,8 k € | +38.7% | 14,2 k € | +92.1% | 7,4 k € | +43.0% | 5,2 k € | +325% | 1,2 k € | -91.3% | 14 k € | +2.3% | 13,7 k € | +335% | 3,1 k € | +7309% | 42,4 € | +0.1% | 42,4 € | +978% | 3,9 € | -100.0% | 8,2 k € | +21.6% | 6,8 k € | -42.6% | 11,8 k € | +240% | 3,5 k € | -42.6% | 6 k € | +88.9% | 3,2 k € | -76.1% | 13,4 k € | +315% | 3,2 k € |
| Debts | 6,3 k € | +43.7% | 4,4 k € | -43.2% | 7,7 k € | -49.0% | 15,2 k € | +9.4% | 13,9 k € | -18.3% | 17 k € | -24.8% | 22,5 k € | -33.4% | 33,8 k € | +19.8% | 28,3 k € | +8.3% | 26,1 k € | -29.7% | 37,1 k € | -1.2% | 37,6 k € | -19.2% | 46,5 k € | -29.8% | 66,2 k € | -25.3% | 88,7 k € | -21.7% | 113,2 k € | -17.9% | 137,8 k € | -14.6% | 161,5 k € | +3.2% | 156,4 k € | +313% | 37,9 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 22 ended
Active mandates
Marie-Louise De Leeuw
ActivePascale Cauwenbergs
ActiveWilly De Pue
ActiveEnded mandates
Marie-Louise De Leeuw
EndedPascale Cauwenberghs
EndedPascale Cauwenberghs
EndedSaddy De Leeuw
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 27/05/2026 | 17/06/2025 | 05/06/2024 | 28/08/2023 | 24/08/2022 | 27/08/2021 |
| General meeting | 18/05/2026 | 14/05/2025 | 03/06/2024 | 05/06/2023 | 07/06/2022 | 07/06/2021 |
| 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
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 18/05/2026 | 27/05/2026 | Dutch | |
| Micro model | 31/12/2024 | 14/05/2025 | 17/06/2025 | Dutch | |
| Micro model | 31/12/2023 | 03/06/2024 | 05/06/2024 | Dutch | |
| Micro model | 31/12/2022 | 05/06/2023 | 28/08/2023 | Dutch | |
| Micro model | 31/12/2021 | 07/06/2022 | 24/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 07/06/2021 | 27/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 08/09/2020 | 08/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 03/06/2019 | 24/07/2019 | Dutch | |
| Micro model | 31/12/2017 | 04/06/2018 | 16/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 06/06/2017 | 28/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 06/06/2016 | 22/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 01/06/2015 | 19/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 02/06/2014 | 04/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 03/06/2013 | 01/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 04/06/2012 | 28/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 06/06/2011 | 31/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 07/06/2010 | 20/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 02/06/2009 | 25/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 02/06/2008 | 28/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 04/06/2007 | 30/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 k€
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 · 3 active · 22 ended
Active mandates
Marie-Louise De Leeuw
ActivePascale Cauwenbergs
ActiveWilly De Pue
ActiveEnded mandates
Marie-Louise De Leeuw
EndedPascale Cauwenberghs
EndedPascale Cauwenberghs
EndedSaddy De Leeuw
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates30/10/2020ONTSLAGEN - BENOEMINGEN
- Mandates05/08/2014ONTSLAGEN - BENOEMINGEN
- Capital / shares10/02/2012KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates14/07/2009ONTSLAGEN - BENOEMINGEN
- Capital / shares14/03/2007ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20256,6 k €↑
- 2024Annual accounts 20246,5 k €↑
- 2023Annual accounts 20236,1 k €↑
- 2022Annual accounts 20221,6 k €↑
- 2021Annual accounts 20211,4 k €↑
- 2020Annual accounts 2020-3,8 k €↓
- 2019Annual accounts 20192,6 k €↑
- 2018Annual accounts 2018249,8 €↑
- 2017Annual accounts 2017-8,9 k €↓
- 2016Annual accounts 20161,6 k €↑
- 2015Annual accounts 2015-3,5 k €↓
- 2014Annual accounts 20145,5 k €↓
- 2013Annual accounts 201316,2 k €↓
- 2012Annual accounts 201221,5 k €↑
- 2011Annual accounts 201119,8 k €↓
- 2010Annual accounts 201023 k €↑
- 2009Annual accounts 200919,4 k €↑
- 2008Annual accounts 20083,9 k €↑
- 2007Annual accounts 2007-16,5 k €↓
- 2006Annual accounts 20062,7 k €
- 08/01/1993IncorporationPublic limited company