ACTIVE

Passion4Excellence

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Financial year 2025 · closed on 31/12/2025
Net result
486,9 k €
-70.4% YoY
Gross margin
308,6 k €
-2.7% YoY
Equity
2,8 M €
+14.7% YoY

What does Passion4Excellence do?

Passion4Excellence is a Private limited company incorporated in 2011. Its main activity is: Activities of head offices. Its registered office is in Brugge.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0834.170.801
Incorporation
01/03/2011
Legal form
Private limited company
Registered office
Torhoutse Steenweg 501
8200 Brugge · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
70100Activities of head offices· main70100Activities of head offices
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin308,6 k €317 k €276,8 k €239,5 k €180,3 k €205,6 k €192,3 k €187,7 k €178,4 k €94,8 k €75,3 k €133,9 k €116,1 k €166,3 k €
EBITDA306,7 k €314,6 k €275,6 k €232,9 k €178,2 k €203,9 k €190,3 k €184,5 k €177,3 k €93,9 k €74,4 k €132,9 k €115,6 k €163,4 k €
Operating result293,6 k €303,7 k €268 k €227,4 k €165,2 k €189,9 k €176,1 k €171,2 k €164,8 k €86,4 k €57,6 k €116,9 k €100,1 k €136,1 k €
Net result486,9 k €1,6 M €211,7 k €124 k €135,8 k €143,6 k €134,9 k €95,9 k €98,4 k €54,5 k €30,1 k €71,2 k €64,3 k €87,6 k €
Balance sheet
Equity2,8 M €2,4 M €854 k €795,2 k €671,2 k €630,5 k €557,9 k €423 k €327,2 k €228,8 k €174,3 k €144,2 k €73,1 k €93,8 k €
Total assets3 M €2,6 M €945,7 k €871,8 k €741,4 k €695 k €601,4 k €466,7 k €422,4 k €303 k €223,3 k €258,4 k €206,6 k €198,8 k €
Cash40,9 k €153,8 k €176 k €414,8 k €236,2 k €411,6 k €357 k €213 k €304,7 k €201,9 k €130 k €91,1 k €88,9 k €90,3 k €
Debts243,1 k €243,9 k €91,5 k €76,4 k €70,2 k €64,5 k €43,5 k €43,6 k €95,2 k €74,2 k €49 k €114,1 k €133,5 k €105 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Paul RYCKAERT

Director · since 01 mars 2011

Active

Ended mandates

Paul RYCKAERT

Manager · since 01 mars 2011

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro modelMicro 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 date15/06/202601/07/202504/07/202424/07/202329/07/202230/06/2021
General meeting05/06/202606/06/202507/06/202430/06/202330/06/202204/06/2021
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 model31/12/202505/06/202615/06/2026DutchPDF
Micro model31/12/202406/06/202501/07/2025DutchPDF
Micro model31/12/202307/06/202404/07/2024DutchPDF
Micro model31/12/202230/06/202324/07/2023DutchPDF
Micro model31/12/202130/06/202229/07/2022DutchPDF
Micro model31/12/202004/06/202130/06/2021DutchPDF
Micro model31/12/201904/03/202023/03/2020DutchPDF
Micro model31/12/201807/06/201904/07/2019DutchPDF
Micro model31/12/201730/06/201824/07/2018DutchPDF
Micro model31/12/201602/06/201729/06/2017DutchPDF
Abridged model31/12/201503/06/201601/07/2016DutchPDF
Abridged model31/12/201405/06/201518/06/2015DutchPDF
Abridged model31/12/201330/06/201425/07/2014DutchPDF
Abridged model31/12/201229/06/201326/07/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 1 active · 1 ended

Active mandates

Paul RYCKAERT

Director · since 01 mars 2011

Active

Ended mandates

Paul RYCKAERT

Manager · since 01 mars 2011

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/07/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other03/03/2011
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025486,9 k €↓
  2. 2024
    Annual accounts 20241,6 M €↑
  3. 2023
    Annual accounts 2023211,7 k €↑
  4. 2022
    Annual accounts 2022124 k €↓
  5. 2021
    Annual accounts 2021135,8 k €↓
  6. 2020
    Annual accounts 2020143,6 k €↑
  7. 2019
    Annual accounts 2019134,9 k €↑
  8. 2018
    Annual accounts 201895,9 k €↓
  9. 2017
    Annual accounts 201798,4 k €↑
  10. 2016
    Annual accounts 201654,5 k €↑
  11. 2015
    Annual accounts 201530,1 k €↓
  12. 2014
    Annual accounts 201471,2 k €↑
  13. 2013
    Annual accounts 201364,3 k €↓
  14. 2012
    Annual accounts 201287,6 k €
  15. 01/03/2011
    IncorporationPrivate limited company