ACTIVE

PASSADE

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Financial year 2025 · closed on 30/09/2025

Net result

354,8 k €

+919.4% YoY

Gross margin

1,3 M €

+107.9% YoY

Equity

146,3 k €

+170.2% YoY

Workforce

13,1 ETP

-12.1% YoY

What does PASSADE do?

PASSADE is a Public limited company incorporated in 2000. Its main activity is: Restaurants and mobile food service activities. Its registered office is in Mechelen. It employs on average 13,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0470.596.686

Incorporation

08/02/2000

Legal form

Public limited company

Registered office

Wijngaardstraat 12 box B001
2800 Mechelen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

13,1 ETP

Activities (NACE)

56101Restaurants and mobile food service activities· main 56111Restaurants and mobile food service activities 45113Sale of cars and light motor vehicles 47811Retail sale via stalls and markets of food, beverages and tobacco products 74105Specialised design activities 74140Specialised design activities+2

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,3 M €	+108%	645,5 k €	-15.8%	766,6 k €	+24.8%	614,1 k €	+108%	295,5 k €	-29.5%	419,2 k €	-46.4%	781,7 k €	-3.2%	807,3 k €	+0.7%	801,4 k €	-0.8%	808,1 k €	+16.6%	693,1 k €	-2.3%	709,8 k €	+10.4%	642,7 k €	-1.4%	651,7 k €	+4.3%	624,6 k €	+6.2%	588,1 k €	+11.6%	527,2 k €	+14.6%	459,9 k €
EBITDA	492,3 k €	+6228%	-8 k €	-139%	20,4 k €	+194%	-21,6 k €	-132%	67,5 k €	+171%	-94,6 k €	-244%	65,5 k €	+73.9%	37,7 k €	-53.0%	80,2 k €	-27.1%	110,1 k €	+37.7%	80 k €	-37.9%	128,7 k €	+1.2%	127,2 k €	-9.6%	140,7 k €	-0.5%	141,4 k €	-15.8%	167,9 k €	+50.6%	111,4 k €	+2.3%	109 k €
Operating result	377,5 k €	+1464%	-27,7 k €	-6.7%	-25,9 k €	+63.3%	-70,6 k €	-342%	-16 k €	+91.4%	-185,5 k €	-683%	31,8 k €	+119%	14,5 k €	-37.4%	23,2 k €	-5.5%	24,6 k €	+21.3%	20,3 k €	-41.7%	34,8 k €	+15.2%	30,2 k €	+8.1%	27,9 k €	-47.5%	53,2 k €	-19.0%	65,6 k €	+53.7%	42,7 k €	-19.5%	53 k €
Net result	354,8 k €	+919%	-43,3 k €	+0.9%	-43,7 k €	+45.6%	-80,3 k €	-83.2%	-43,9 k €	+76.9%	-189,7 k €	-15872%	1,2 k €	+66.9%	721 €	-76.2%	3 k €	-37.4%	4,8 k €	-18.2%	5,9 k €	-17.0%	7,1 k €	+271%	1,9 k €	+45.6%	1,3 k €	-85.4%	9 k €	-77.4%	40 k €	+148%	16,1 k €	-33.4%	24,3 k €
Balance sheet
Equity	146,3 k €	+170%	-208,5 k €	-26.2%	-165,2 k €	-36.0%	-121,5 k €	-195%	-41,1 k €	-1620%	2,7 k €	-98.6%	192,4 k €	+0.6%	191,2 k €	+0.4%	190,5 k €	+1.6%	187,5 k €	+2.7%	182,6 k €	+3.3%	176,7 k €	+4.2%	169,6 k €	+1.1%	167,7 k €	+0.8%	166,4 k €	+5.7%	157,3 k €	+34.1%	117,3 k €	+16.0%	101,2 k €
Total assets	511,3 k €	+54.7%	330,6 k €	-0.9%	333,6 k €	-4.9%	350,8 k €	-6.9%	377 k €	-3.0%	388,7 k €	-12.1%	442,3 k €	+4.6%	423,1 k €	+6.9%	395,8 k €	-12.7%	453,3 k €	-12.1%	515,9 k €	+14.8%	449,5 k €	-10.9%	504,5 k €	-12.1%	574,3 k €	+7.1%	536,3 k €	-8.1%	583,3 k €	+48.7%	392,2 k €	+7.0%	366,5 k €
Cash	481,4 k €		–		–		11,7 k €	-48.5%	22,7 k €	+302%	5,7 k €	+691%	715 €		–		–		5,6 k €	-58.0%	13,4 k €	-75.0%	53,5 k €	+265%	14,7 k €	-59.1%	35,9 k €	+19.0%	30,2 k €	+38.8%	21,7 k €	+110%	10,4 k €	-42.3%	18 k €
Debts	365 k €	-32.3%	539 k €	+8.1%	498,8 k €	+5.6%	472,3 k €	+12.9%	418,2 k €	+8.3%	386 k €	+54.5%	249,9 k €	+7.8%	231,8 k €	+12.9%	205,3 k €	-22.8%	265,8 k €	-20.2%	333,3 k €	+22.2%	272,8 k €	-18.6%	334,9 k €	-17.6%	406,6 k €	+9.9%	369,9 k €	-11.1%	416 k €	+52.4%	273 k €	+4.3%	261,7 k €
Other
Workforce	13,1 ETP	-12.1%	14,9 ETP	-13.4%	17,2 ETP	+9.6%	15,7 ETP	+33.1%	11,8 ETP	-27.6%	16,3 ETP	-7.4%	17,6 ETP	+18.9%	14,8 ETP	-31.5%	21,6 ETP	-4.4%	22,6 ETP	+22.8%	18,4 ETP	-10.7%	20,6 ETP	-8.8%	22,6 ETP	-6.6%	24,2 ETP	-19.6%	30,1 ETP	+0.3%	30,0 ETP	-6.3%	32,0 ETP	+28.0%	25,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 11 ended

Active mandates

Christine VERSTRAETEN

Mandate

Active

Gianni UTORO

Mandate

Active

Richy UTORO

Mandate

Active

Ended mandates

Christine VERSTRAETEN

Director · since 25 mars 2017 · until 25 mars 2023

Ended

Richy UTORO

Managing director · since 25 mars 2017 · until 25 mars 2023

Ended

GIANNI UTORO

Director · since 17 mars 2017 · until 17 mars 2023

Ended

Christine VERSTRAETEN

Director · since 25 mars 2011 · until 25 mars 2017

Ended

At this address

Other companies at this address

Company	CBE no.
DEN WIJNGAERT● Active	0403.622.740
Iron Team Mechelen● Active	0439.537.979
La Passade● Active	0877.541.380
Vereniging van Mede-eigenaars Residentie Ten Wyngaerd● Active	0818.034.355

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	29/04/2025	24/04/2024	25/04/2023	30/04/2022	29/04/2021
General meeting	20/03/2026	21/03/2025	22/03/2024	24/03/2023	25/03/2022	26/03/2021
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
Abridged model	30/09/2025	20/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	21/03/2025	29/04/2025	Dutch	PDF
Abridged model	30/09/2023	22/03/2024	24/04/2024	Dutch	PDF
Abridged model	30/09/2022	24/03/2023	25/04/2023	Dutch	PDF
Abridged model	30/09/2021	25/03/2022	30/04/2022	Dutch	PDF
Abridged model	30/09/2020	26/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	27/03/2020	08/05/2020	Dutch	PDF
Abridged model	30/09/2018	15/03/2019	29/04/2019	Dutch	PDF
Abridged model	30/09/2017	16/03/2018	27/04/2018	Dutch	PDF
Abridged model	30/09/2016	17/03/2017	22/04/2017	Dutch	PDF
Abridged model	30/09/2015	18/03/2016	23/03/2016	Dutch	PDF
Abridged model	30/09/2014	20/03/2015	27/04/2015	Dutch	PDF
Abridged model	30/09/2013	21/03/2014	07/04/2014	Dutch	PDF
Abridged model	30/09/2012	22/03/2013	29/03/2013	Dutch	PDF
Abridged model	30/09/2011	23/03/2012	30/04/2012	Dutch	PDF
Abridged model	30/09/2010	25/03/2011	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	26/03/2010	10/05/2010	Dutch	PDF
Abridged model	30/09/2008	27/03/2009	29/05/2009	Dutch	PDF
Abridged model	30/09/2007	28/03/2008	18/04/2008	Dutch	PDF
Abridged model	30/09/2006	23/03/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

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 30/09/2025 · 3 active · 11 ended

Active mandates

Christine VERSTRAETEN

Mandate

Active

Gianni UTORO

Mandate

Active

Richy UTORO

Mandate

Active

Ended mandates

Christine VERSTRAETEN

Director · since 25 mars 2017 · until 25 mars 2023

Ended

Richy UTORO

Managing director · since 25 mars 2017 · until 25 mars 2023

Ended

GIANNI UTORO

Director · since 17 mars 2017 · until 17 mars 2023

Ended

Christine VERSTRAETEN

Director · since 25 mars 2011 · until 25 mars 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office22/12/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other29/06/2018
DOEL
PDF
Mandates19/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2005
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 2025354,8 k €↑
2024
Annual accounts 2024-43,3 k €↑
2023
Annual accounts 2023-43,7 k €↑
2022
Annual accounts 2022-80,3 k €↓
2021
Annual accounts 2021-43,9 k €↑
2020
Annual accounts 2020-189,7 k €↓
2019
Annual accounts 20191,2 k €↑
2018
Annual accounts 2018721 €↓
2017
Annual accounts 20173 k €↓
2016
Annual accounts 20164,8 k €↓
2015
Annual accounts 20155,9 k €↓
2014
Annual accounts 20147,1 k €↑
2013
Annual accounts 20131,9 k €↑
2012
Annual accounts 20121,3 k €↓
2011
Annual accounts 20119 k €↓
2010
Annual accounts 201040 k €↑
2009
Annual accounts 200916,1 k €↓
2008
Annual accounts 200824,3 k €
08/02/2000
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

PASSADE

Overview

What does PASSADE 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