ACTIVE

PASIND

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Financial year 2025 · closed on 30/06/2025

Net result

63,8 k €

+26.9% YoY

Gross margin

275,2 k €

+80.1% YoY

Equity

461,9 k €

-0.5% YoY

What does PASIND do?

PASIND is a Public limited company incorporated in 2002. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.015.019

Incorporation

06/03/2002

Legal form

Public limited company

Registered office

Burgstraat 118
9000 Gent · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	275,2 k €	+80.1%	152,7 k €	+15.0%	132,8 k €	-25.6%	178,6 k €	+8.1%	165,1 k €	+5.7%	156,2 k €	-5.7%	165,6 k €	-8.3%	180,6 k €	-4.6%	189,3 k €	+36.8%	138,4 k €	-11.1%	155,7 k €	+21.1%	128,6 k €	-2.6%	132,1 k €	-4.0%	137,6 k €	-3.0%	141,8 k €	+28.9%	110 k €	+9.9%	100,1 k €
EBITDA	260,9 k €	+97.1%	132,4 k €	+10.5%	119,8 k €	-28.1%	166,6 k €	+8.0%	154,3 k €	+6.4%	145 k €	-5.9%	154,1 k €	-8.8%	169 k €	-4.9%	177,7 k €	+44.4%	123 k €	-16.8%	147,8 k €	+19.3%	123,9 k €	-11.0%	139,2 k €	+6.2%	131,1 k €	+9.6%	119,6 k €	+16.0%	103 k €	+10.4%	93,3 k €
Operating result	131 k €	+63.6%	80,1 k €	-29.8%	114 k €	-9.1%	125,4 k €	+23.9%	101,2 k €	+14.3%	88,5 k €	-8.9%	97,1 k €	-13.4%	112,1 k €	-5.4%	118,5 k €	+90.0%	62,4 k €	-27.0%	85,4 k €	+32.8%	64,3 k €	-28.5%	89,9 k €	+8.1%	83,1 k €	+16.1%	71,6 k €	+22.4%	58,5 k €	+18.8%	49,2 k €
Net result	63,8 k €	+26.9%	50,3 k €	-35.6%	78,1 k €	-4.8%	82,1 k €	+22.5%	67 k €	+23.0%	54,5 k €	-4.6%	57,1 k €	-2.9%	58,8 k €	-13.7%	68,1 k €	+87.5%	36,3 k €	-30.0%	51,9 k €	+71.2%	30,3 k €	-31.3%	44,1 k €	+20.3%	36,7 k €	+15.1%	31,9 k €	+42.4%	22,4 k €	+114%	10,5 k €
Balance sheet
Equity	461,9 k €	-0.5%	464,1 k €	-5.4%	490,5 k €	+5.4%	465,4 k €	+13.6%	409,8 k €	-3.1%	422,8 k €	+13.6%	372 k €	-14.8%	436,6 k €	+12.4%	388,6 k €	+17.3%	331,3 k €	+8.4%	305,7 k €	+15.6%	264,6 k €	+8.0%	245 k €	+15.8%	211,7 k €	+13.9%	185,8 k €	+20.7%	153,9 k €	+17.0%	131,5 k €
Total assets	1,5 M €	-7.0%	1,7 M €	+227%	509 k €	+1.1%	503,2 k €	-20.9%	636,1 k €	+5.0%	605,9 k €	-2.2%	619,4 k €	-14.8%	726,8 k €	+1.2%	718 k €	+7.9%	665,4 k €	-0.7%	670,2 k €	-0.5%	673,6 k €	-1.8%	686 k €	-7.6%	742,5 k €	-3.3%	768,1 k €	+1.3%	758,1 k €	-6.6%	811,5 k €
Cash	81,9 k €	-44.0%	146,4 k €	-35.9%	228,2 k €	-12.2%	260 k €	+277%	69 k €	-71.0%	237,5 k €	+17.3%	202,5 k €	+359%	44,1 k €	-75.9%	183,2 k €	+156%	71,4 k €	+117%	32,9 k €	+170%	12,2 k €	-66.3%	36,2 k €	-27.9%	50,2 k €	-1.5%	50,9 k €	+1144%	4,1 k €	-87.5%	32,7 k €
Debts	1,1 M €	-9.7%	1,2 M €	+6977%	16,9 k €	-53.3%	36,2 k €	-83.1%	213,9 k €	+17.9%	181,5 k €	-24.6%	240,7 k €	-15.1%	283,7 k €	-13.5%	328 k €	-1.4%	332,8 k €	-7.5%	359,8 k €	-10.7%	402,8 k €	-7.1%	433,6 k €	-15.7%	514,6 k €	-8.9%	564,8 k €	-6.0%	600,8 k €	-11.2%	676,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 5 ended

Active mandates

Jan De Vloed

Managing director · since 03 février 2022 · until 03 février 2028

Active

Koen De Vloed

Managing director · since 03 février 2022 · until 03 février 2028

Active

Ended mandates

Jan De Vloed

Managing director · until 02 décembre 2028

Ended

Jan DE VLOED

Managing director

Ended

Koen De Vloed

Managing director · until 02 décembre 2028

Ended

Koen De Vloed

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
DELTA X● Active	0443.978.502

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/01/2026	09/12/2024	05/12/2023	13/12/2022	07/12/2021	22/12/2020
General meeting	19/12/2025	07/12/2024	02/12/2023	03/12/2022	04/12/2021	05/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	19/12/2025	16/01/2026	Dutch	PDF
Micro model	30/06/2024	07/12/2024	09/12/2024	Dutch	PDF
Micro model	30/06/2023	02/12/2023	05/12/2023	Dutch	PDF
Micro model	30/06/2022	03/12/2022	13/12/2022	Dutch	PDF
Micro model	30/06/2021	04/12/2021	07/12/2021	Dutch	PDF
Micro model	30/06/2020	05/12/2020	22/12/2020	Dutch	PDF
Abridged model	30/06/2019	07/12/2019	02/01/2020	Dutch	PDF
Micro model	30/06/2018	01/12/2018	03/12/2018	Dutch	PDF
Abridged model	30/06/2017	02/12/2017	18/12/2017	Dutch	PDF
Abridged model	30/06/2016	03/12/2016	15/12/2016	Dutch	PDF
Abridged model	30/06/2015	05/12/2015	09/12/2015	Dutch	PDF
Abridged model	30/06/2014	06/12/2014	15/12/2014	Dutch	PDF
Abridged model	30/06/2013	07/12/2013	18/12/2013	Dutch	PDF
Abridged model	30/06/2012	01/12/2012	04/01/2013	Dutch	PDF
Abridged model	30/06/2011	03/12/2011	09/12/2011	Dutch	PDF
Abridged model	30/06/2010	04/12/2010	21/12/2010	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	21/12/2009	Dutch	PDF
Abridged model	30/06/2008	06/12/2008	09/12/2008	Dutch	PDF
Abridged model	30/06/2007	01/12/2007	12/12/2007	Dutch	PDF

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.

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 30/06/2025 · 2 active · 5 ended

Active mandates

Jan De Vloed

Managing director · since 03 février 2022 · until 03 février 2028

Active

Koen De Vloed

Managing director · since 03 février 2022 · until 03 février 2028

Active

Ended mandates

Jan De Vloed

Managing director · until 02 décembre 2028

Ended

Jan DE VLOED

Managing director

Ended

Koen De Vloed

Managing director · until 02 décembre 2028

Ended

Koen De Vloed

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/05/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/03/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/10/2011
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office11/01/2005
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - 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 202563,8 k €↑
2024
Annual accounts 202450,3 k €↓
2023
Annual accounts 202378,1 k €↓
2022
Annual accounts 202282,1 k €↑
2019
Annual accounts 201967 k €↑
2018
Annual accounts 201854,5 k €↓
2017
Annual accounts 201757,1 k €↓
2016
Annual accounts 201658,8 k €↓
2015
Annual accounts 201568,1 k €↑
2014
Annual accounts 201436,3 k €↓
2013
Annual accounts 201351,9 k €↑
2012
Annual accounts 201230,3 k €↓
2011
Annual accounts 201144,1 k €↑
2010
Annual accounts 201036,7 k €↑
2009
Annual accounts 200931,9 k €↑
2008
Annual accounts 200822,4 k €↑
2007
Annual accounts 200710,5 k €
06/03/2002
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

PASIND

Overview

What does PASIND do?

Trend over 17 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