ACTIVE

PASSYST

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Financial year 2025 · closed on 31/12/2025
Net result
63,2 k €
-77.1% YoY
Gross margin
117,3 k €
-2.1% YoY
Equity
667,5 k €
+10.5% YoY

What does PASSYST do?

PASSYST is a Private limited company incorporated in 2010. Its main activity is: Activities of holding companies. Its registered office is in Büllingen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0831.754.016
Incorporation
08/12/2010
Legal form
Private limited company
Registered office
Mürringen,Zur runden Heide 24
4760 Büllingen · WallonieSee on map
Contributed capital
30 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70100Activities of head offices70100Activities of head offices
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin117,3 k €119,9 k €122,2 k €107,9 k €96,4 k €40,7 k €34,3 k €17,3 k €14,6 k €3,1 k €583,8 €-2 k €2,4 k €4,1 k €
EBITDA115,1 k €117,6 k €120,6 k €107,3 k €93,4 k €40 k €34 k €16,9 k €14,2 k €2,3 k €413,3 €-2,4 k €2 k €4,1 k €
Operating result90,7 k €91,2 k €92,5 k €77,8 k €57,7 k €36 k €34 k €16,9 k €14,2 k €2,2 k €70,1 €-3,3 k €1,2 k €3,1 k €
Net result63,2 k €276,2 k €51,2 k €55,4 k €96,9 k €25 k €26,1 k €12,9 k €11,5 k €5,4 k €3,9 k €1 k €3,4 k €5,3 k €
Balance sheet
Equity667,5 k €604,3 k €328,1 k €276,9 k €221,5 k €124,6 k €99,6 k €73,5 k €60,6 k €49,1 k €43,7 k €39,7 k €38,7 k €35,3 k €
Total assets1,3 M €1,4 M €1,3 M €1,3 M €460,5 k €310,1 k €194,7 k €176,5 k €175,8 k €174,1 k €145,3 k €150,4 k €146,6 k €140,7 k €
Cash41 k €243,6 k €44,4 k €22 k €41,5 k €16 k €550,4 €5,1 k €907,8 €–––––
Debts662,3 k €829,9 k €948,7 k €1 M €239 k €185,2 k €94,8 k €102,6 k €114,9 k €124,8 k €101,3 k €110,4 k €107,6 k €105,1 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 31/12/2025 · 1 active · 1 ended

Active mandates

Stephan PALM

Managing director

Active

Ended mandates

STEPHAN PALM

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2020
Length of the financial year12 months12 months12 months12 months18 months12 months
Filing date12/08/202615/08/202529/08/202416/08/202304/07/202214/12/2020
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202220/11/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202612/08/2026GermanPDF
Abridged model31/12/202420/06/202515/08/2025GermanPDF
Abridged model31/12/202321/06/202429/08/2024GermanPDF
Micro model31/12/202216/06/202316/08/2023GermanPDF
Micro model31/12/202117/06/202204/07/2022GermanPDF
Micro model30/06/202020/11/202014/12/2020GermanPDF
Micro model30/06/201915/11/201930/01/2020GermanPDF
Micro model30/06/201816/11/201803/01/2019GermanPDF
Micro model30/06/201717/11/201719/02/2018GermanPDF
Abridged model30/06/201618/11/201630/12/2016GermanPDF
Abridged model30/06/201520/11/201509/12/2015GermanPDF
Abridged model30/06/201421/11/201425/11/2014GermanPDF
Abridged model30/06/201315/11/201321/11/2013GermanPDF
Abridged model30/06/201221/12/201202/01/2013GermanPDF
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 31/12/2025 · 1 active · 1 ended

Active mandates

Stephan PALM

Managing director

Active

Ended mandates

STEPHAN PALM

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/06/2021
    SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, …) - AENDERUNG RECHTSFORM - ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG - GESCHAEFTSJAHR
    PDF
  • Other20/12/2010
    RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
    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

Timeline

  1. 2025
    Annual accounts 202563,2 k €↓
  2. 2024
    Annual accounts 2024276,2 k €↑
  3. 2023
    Annual accounts 202351,2 k €↓
  4. 2022
    Annual accounts 202255,4 k €↓
  5. 2021
    Annual accounts 202196,9 k €↑
  6. 2020
    Annual accounts 202025 k €↓
  7. 2019
    Annual accounts 201926,1 k €↑
  8. 2018
    Annual accounts 201812,9 k €↑
  9. 2017
    Annual accounts 201711,5 k €↑
  10. 2016
    Annual accounts 20165,4 k €↑
  11. 2015
    Annual accounts 20153,9 k €↑
  12. 2014
    Annual accounts 20141 k €↓
  13. 2013
    Annual accounts 20133,4 k €↓
  14. 2012
    Annual accounts 20125,3 k €
  15. 08/12/2010
    IncorporationPrivate limited company