ACTIVE

PASSION WORKS!

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Financial year 2025 · Closed on 31/12/2025

Net result733 k €+5,0 %over 1 year
Revenue13,8 M €+9,8 %over 1 year
Equity3,3 M €+28,3 %over 1 year
Workforce190,1 ETP-1,9 %over 1 year

Identity

Source · BCE/KBO

PASSION WORKS! is a Private limited company incorporated in 2014. Its main activity is: Temporary employment agency activities. Its registered office is in Nieuwerkerken (Limb.). It employs on average 190,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0563.882.180
Incorporation
10/10/2014
Legal form
Private limited company
Registered office
Kerkstraat 81
3850 Nieuwerkerken (Limb.) · FlandreSee on map
Contributed capital
150 000,00 €
Latest accounts
31/12/2025
Average workforce
190,1 ETP
Joint committees (2)
  • 200
  • 322
Contacts
4 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 11 filings

Trend over 11 financial years

20252024202320222021
Income statement
Revenue13,8 M €12,6 M €12,7 M €––
EBITDA1,1 M €985,9 k €1,2 M €563,7 k €761,8 k €
Operating result1 M €940,7 k €1,2 M €921,7 k €306,4 k €
Net result733 k €698,3 k €897,5 k €726,9 k €248,3 k €
Balance sheet
Equity3,3 M €2,6 M €2 M €1,4 M €1,9 M €
Total assets5,2 M €4,2 M €4,1 M €3,1 M €3,2 M €
Cash2,4 M €520,8 k €1,3 M €949,5 k €1,3 M €
Debts1,9 M €1,6 M €2 M €1,6 M €1,3 M €
Other
Workforce190,1 ETP193,8 ETP215,7 ETP192,4 ETP156,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

PERDIX

Director · since 10 octobre 2014 · 0561.724.921

Represented by Sylvia Vogelaar

Active

Ended mandates

PERDIX

Director · since 10 octobre 2014 · 0561.724.921

Represented by Sylvia Vogelaar

Ended
PERDIX

Manager · since 10 octobre 2014 · 0561.724.921

Represented by Sylvia Vogelaar

Ended

Other companies at this address

Kerkstraat 81 3850 Nieuwerkerken (Limb.)
CompanyCBE no.
PERDIX● Active
0561.724.921
VAT Works● Active
0684.650.051

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202630/07/202515/07/202421/07/202320/07/202229/06/2021
General meeting29/06/202630/05/202531/05/202409/06/202309/06/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/06/202627/07/2026DutchPDF
Full model31/12/202430/05/202530/07/2025DutchPDF
Full model31/12/202331/05/202415/07/2024DutchPDF
Abridged model31/12/202209/06/202321/07/2023DutchPDF
Abridged model31/12/202109/06/202220/07/2022DutchPDF
Abridged model31/12/202028/05/202129/06/2021DutchPDF
Abridged model31/12/201929/05/202031/07/2020DutchPDF
Abridged model31/12/201831/05/201917/06/2019DutchPDF
Abridged model31/12/201709/04/201815/06/2018DutchPDF
Abridged model31/12/201626/05/201718/08/2017DutchPDF
Abridged model31/12/201527/05/201605/08/2016DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

PERDIX

Director · since 10 octobre 2014 · 0561.724.921

Represented by Sylvia Vogelaar

Active

Ended mandates

PERDIX

Director · since 10 octobre 2014 · 0561.724.921

Represented by Sylvia Vogelaar

Ended
PERDIX

Manager · since 10 octobre 2014 · 0561.724.921

Represented by Sylvia Vogelaar

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates08/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/07/2016
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other14/10/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025733 k €↑
  2. 2024
    Annual accounts 2024698,3 k €↓
  3. 2023
    Annual accounts 2023897,5 k €↑
  4. 2022
    Annual accounts 2022726,9 k €↑
  5. 2021
    Annual accounts 2021248,3 k €↓
  6. 2020
    Annual accounts 2020512,3 k €↑
  7. 2019
    Annual accounts 2019506,1 k €↑
  8. 2018
    Annual accounts 2018387,1 k €↓
  9. 2017
    Annual accounts 2017388,3 k €↑
  10. 2016
    Annual accounts 2016241 k €↑
  11. 2015
    Annual accounts 2015121,7 k €
  12. 10/10/2014
    IncorporationPrivate limited company