ACTIVE

PASAS

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Financial year 2025 · closed on 30/09/2025

Net result

-38,1 k €

-3216.8% YoY

Gross margin

-25,5 k €

-365.9% YoY

Equity

-1,2 k €

-102.2% YoY

What does PASAS do?

PASAS is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Bierbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0882.004.172

Incorporation

22/06/2006

Legal form

Private limited company

Registered office

Oaselaan 27A box 1
3360 Bierbeek · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 63920Other information service activities 63990Other information service activities n.e.c.70210Public relations and communication activities 73300Advertising and market research+2

Contacts

1 public detail availableLog in to view

Signals

Good liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	-25,5 k €	-366%	9,6 k €	-35.7%	14,9 k €	-45.1%	27,1 k €	-17.5%	32,9 k €	+113%	15,4 k €	-55.5%	34,6 k €	-9.9%	38,5 k €	+96.8%	19,5 k €	-64.2%	54,6 k €	-22.2%	70,2 k €	-25.1%	93,7 k €	+20.3%	77,8 k €	+1117%	6,4 k €	-73.5%	24,1 k €	-52.8%	51 k €	+241%	15 k €	-67.7%	46,4 k €
EBITDA	-27,1 k €	-453%	7,7 k €	-44.5%	13,8 k €	-48.0%	26,6 k €	-16.1%	31,7 k €	+121%	14,4 k €	-56.8%	33,3 k €	-8.6%	36,5 k €	+54.2%	23,6 k €	-8.5%	25,8 k €	-3.8%	26,9 k €	-46.7%	50,4 k €	+47.7%	34,1 k €	+404%	-11,2 k €	-148%	23,4 k €	-53.6%	50,4 k €	+270%	13,6 k €	-70.6%	46,4 k €
Operating result	-37,5 k €	-1678%	2,4 k €	-73.9%	9,1 k €	-44.5%	16,3 k €	+18.3%	13,8 k €	+329%	-6 k €	-149%	12,3 k €	-24.8%	16,4 k €	+602%	2,3 k €	-61.5%	6,1 k €	-47.5%	11,6 k €	-67.8%	35,9 k €	+48.3%	24,2 k €	+264%	-14,7 k €	-167%	22,1 k €	-53.3%	47,2 k €	+351%	10,5 k €	-76.0%	43,7 k €
Net result	-38,1 k €	-3217%	1,2 k €	-80.7%	6,3 k €	-48.2%	12,2 k €	+287%	-6,5 k €	+78.1%	-29,8 k €	-521%	7,1 k €	-13.2%	8,2 k €	+2747%	286,3 €	+17.3%	244 €	-95.9%	5,9 k €	-77.4%	26,1 k €	+54.1%	17 k €	+245%	-11,7 k €	-167%	17,4 k €	-50.9%	35,5 k €	+387%	7,3 k €	-75.7%	30 k €
Balance sheet
Equity	-1,2 k €	-102%	56,9 k €	+2.2%	55,7 k €	+12.8%	49,3 k €	+32.9%	37,1 k €	-15.0%	43,7 k €	-40.6%	73,5 k €	+10.7%	66,4 k €	+14.0%	58,3 k €	+0.5%	58 k €	+0.4%	57,7 k €	+11.4%	51,8 k €	+102%	25,7 k €	+193%	8,8 k €	-90.9%	96,3 k €	+19.7%	80,5 k €	+72.9%	46,5 k €	+14.0%	40,8 k €
Total assets	96,7 k €	-5.4%	102,2 k €	-27.8%	141,5 k €	+6.5%	132,9 k €	+24.2%	107 k €	-32.4%	158,3 k €	-2.6%	162,5 k €	+0.2%	162,2 k €	+3.5%	156,7 k €	+15.7%	135,4 k €	+6.0%	127,7 k €	+0.8%	126,7 k €	+10.8%	114,4 k €	+34.4%	85,1 k €	-47.2%	161,1 k €	+42.5%	113,1 k €	+74.8%	64,7 k €	-6.1%	68,9 k €
Cash	11,6 k €	-75.8%	47,8 k €	-58.7%	115,9 k €	+24.8%	92,8 k €	+64.4%	56,4 k €	-43.2%	99,3 k €	+168%	37,1 k €	+204%	12,2 k €	-75.4%	49,6 k €	+1762%	2,7 k €	+7.7%	2,5 k €	-94.3%	43,6 k €	+60.5%	27,1 k €	+425%	5,2 k €	-96.6%	150,8 k €	+35.6%	111,2 k €	+86.4%	59,7 k €	-1.9%	60,8 k €
Debts	97,4 k €	+122%	43,9 k €	-48.9%	85,8 k €	+2.7%	83,6 k €	+19.7%	69,8 k €	-39.1%	114,6 k €	+28.7%	89 k €	-7.0%	95,7 k €	-2.7%	98,4 k €	+27.2%	77,4 k €	+10.6%	70 k €	-4.6%	73,3 k €	-15.9%	87,2 k €	+14.2%	76,3 k €	+17.8%	64,8 k €	+98.9%	32,6 k €	+82.0%	17,9 k €	-36.2%	28 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 6 ended

Active mandates

Pascal Van Loo

Director

Active

Saskia Szepansky

Director

Active

Ended mandates

Pascal Van Loo

Manager · since 01 mai 2011

Ended

Saskia Szepansky

Manager · since 13 octobre 2010

Ended

Georg Terhorst

Manager · since 22 juin 2006

Ended

Georg Terhorst

Manager

Ended

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2022	01/10/2021	01/10/2020	01/10/2019	01/10/2018
Closing of the financial year	30/09/2025	30/09/2023	30/09/2022	30/09/2021	30/09/2020	30/09/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/04/2026	22/01/2024	28/03/2023	29/04/2022	19/04/2021	17/04/2020
General meeting	31/03/2026	05/12/2023	03/03/2023	22/03/2022	23/03/2021	06/04/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	31/03/2026	16/04/2026	Dutch	PDF
Micro model	30/09/2023	05/12/2023	22/01/2024	Dutch	PDF
Micro model	30/09/2022	03/03/2023	28/03/2023	Dutch	PDF
Micro model	30/09/2021	22/03/2022	29/04/2022	Dutch	PDF
Micro model	30/09/2020	23/03/2021	19/04/2021	Dutch	PDF
Micro model	30/09/2019	06/04/2020	17/04/2020	Dutch	PDF
Micro model	30/09/2018	18/02/2019	13/03/2019	Dutch	PDF
Micro model	30/09/2017	02/03/2018	27/03/2018	Dutch	PDF
Abridged model	30/09/2016	30/03/2017	02/05/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/03/2015	12/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	13/03/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	07/03/2013	Dutch	PDF
Abridged model	30/09/2011	02/03/2012	05/04/2012	Dutch	PDF
Abridged model	31/12/2009	25/05/2010	11/06/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	24/07/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	02/06/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	01/06/2007	French	PDF

Estimate

Indicative valuation

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 · 2 active · 6 ended

Active mandates

Pascal Van Loo

Director

Active

Saskia Szepansky

Director

Active

Ended mandates

Pascal Van Loo

Manager · since 01 mai 2011

Ended

Saskia Szepansky

Manager · since 13 octobre 2010

Ended

Georg Terhorst

Manager · since 22 juin 2006

Ended

Georg Terhorst

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/05/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates03/11/2010
DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office14/04/2010
SIEGE SOCIAL
PDF
Other03/07/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-38,1 k €↓
2023
Annual accounts 20231,2 k €↓
2022
Annual accounts 20226,3 k €↓
2021
Annual accounts 202112,2 k €↑
2020
Annual accounts 2020-6,5 k €↑
2019
Annual accounts 2019-29,8 k €↓
2018
Annual accounts 20187,1 k €↓
2017
Annual accounts 20178,2 k €↑
2016
Annual accounts 2016286,3 €↑
2015
Annual accounts 2015244 €↓
2014
Annual accounts 20145,9 k €↓
2013
Annual accounts 201326,1 k €↑
2012
Annual accounts 201217 k €↑
2011
Annual accounts 2011-11,7 k €↓
2009
Annual accounts 200917,4 k €↓
2008
Annual accounts 200835,5 k €↑
2007
Annual accounts 20077,3 k €↓
2006
Annual accounts 200630 k €
22/06/2006
IncorporationPrivate 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

PASAS

Overview

What does PASAS do?

Trend over 18 financial years

Board of directors

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