PACOM
InactiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-02-2026 PDF all 14 filings
Turnover
≈ €250,000
Estimated: probably between €170,000 and €390,000
Total assets
€220,219▼ 12.5%
2024 · €251,809
Net result
-€2,220▲ 35.2%
2024 · -€3,425
Working capital
€190,941▲ 21.1%
2024 · €157,678
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €2,382, after a profit of €1,315 in 2024. It is the lowest result since 2021.
Operating result-€2,382
2025
Net result-€2,220
2025
Total assets€220,219
2025
Equity€171,595
2025
Debt€48,624
2025
Working capital€190,941
2025
Staff (FTE)1
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€18,912-€17,855▼ 5.6%€2,940▼ 83.5%€30,376▲ 933%€16,649▼ 45.2%€7,602▼ 54.3%€1,315▼ 82.7%-€2,382
Net result€6,607-€5,961▼ 9.8%-€3,007€20,768€7,853▼ 62.2%€679▼ 91.4%-€3,425-€2,220▲ 35.2%
Equity€144,986-€150,947▲ 4.1%€147,940▼ 2.0%€168,708▲ 14.0%€176,562▲ 4.7%€177,240▲ 0.4%€173,816▼ 1.9%€171,595▼ 1.3%
Total assets€322,096-€339,647▲ 5.4%€335,915▼ 1.1%€255,799▼ 23.8%€279,548▲ 9.3%€302,415▲ 8.2%€251,809▼ 16.7%€220,219▼ 12.5%
Debt€177,109-€188,700▲ 6.5%€187,975▼ 0.4%€87,091▼ 53.7%€102,987▲ 18.3%€125,175▲ 21.5%€77,993▼ 37.7%€48,624▼ 37.7%
Working capital-€24,261-€31,100€60,577▲ 94.8%€105,997▲ 75.0%€142,654▲ 34.6%€153,752▲ 7.8%€157,678▲ 2.6%€190,941▲ 21.1%
Staff (FTE)1.8-1.2▼ 33.3%1.7▲ 41.7%1.1▼ 35.3%1▼ 9.1%1=1=1=
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220,219
Fixed assets
€4,407 ▼ 75.6%
Current assets
€215,812 ▼ 7.7%
Equity and liabilities €220,219
Equity
€171,595 ▼ 1.3%
Debt
€48,624 ▼ 37.7%
Debt's share of the balance-sheet total falls from 31.0% to 22.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,782▼
2024 · €10,322
Cash flow
€6,943▲
2024 · €5,582
Current ratio
8.68▲
2024 · 3.07
Debt to equity
0.28▼
2024 · 0.45
ROE
-1.3%▲
2024 · -2.0%
ROA
-1.0%▲
2024 · -1.4%
Interest coverage
2.99▲
2024 · 2.78
Debt ≤ 1 year
€24,870▼
2024 · €76,090
Income taxes
€1,411▼
2024 · €1,914
Staff costs
€93,894▲
2024 · €82,365
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | - | - | - | - | 0 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1.1 | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | 0 | - | - | - | - |
| Left | 1 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,736 | - | €3,759 | €9,477 | - |
| Intangible fixed assets | €4,384 | - | - | - | - |
| Financial fixed assets | - | - | - | - | €2,430 |
| Depreciation and write-downs of the year | €46,032 | €23,777 | €17,328 | €9,007 | €9,164 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €95 | €8,644 | €1,074 | €57 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €76,767 | €78,412 | €85,957 | €82,365 | €93,894 | ▲ 14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,580 | €48,338 | €47,388 | €46,032 | €23,777 | €17,328 | €9,007 | €9,164 | ▲ 1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €11,645 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,869 | €334 | €1,108 | €1,468 | €643 | ▼ 56.2% |
| Gross operating margin9900 | €177,936 | €141,547 | €158,925 | €166,689 | €119,172 | €111,994 | €94,154 | €101,318 | ▲ 7.6% |
| Operating profit (loss)9901 | €18,912 | €17,855 | €2,940 | €30,376 | €16,649 | €7,602 | €1,315 | -€2,382 | - |
| Financial income75/76B | - | - | - | €581 | €1,707 | €8 | €894 | €3,840 | ▲ 330% |
| Recurring financial income75 | €57 | €118 | €197 | €581 | €1,707 | €8 | €894 | €3,840 | ▲ 330% |
| Financial charges65/66B | - | - | - | €4,285 | €4,901 | €3,558 | €3,719 | €2,267 | ▼ 39.1% |
| Recurring financial charges65 | €6,160 | €6,380 | €5,195 | €4,285 | €4,901 | €3,558 | €3,719 | €2,267 | ▼ 39.1% |
| Profit (loss) for the period before taxes9903 | €12,810 | €11,594 | -€2,058 | €26,671 | €13,454 | €4,052 | -€1,510 | -€809 | ▲ 46.4% |
| Income taxes67/77 | €6,204 | €5,633 | €949 | €5,902 | €5,601 | €3,373 | €1,914 | €1,411 | ▼ 26.3% |
| Profit (loss) for the period9904 | €6,607 | €5,961 | -€3,007 | €20,768 | €7,853 | €679 | -€3,425 | -€2,220 | ▲ 35.2% |
| Profit (loss) for the period to be appropriated9905 | €6,607 | €5,961 | -€3,007 | €20,768 | €7,853 | €679 | -€3,425 | -€2,220 | ▲ 35.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €322,096 | €339,647 | €335,915 | €255,799 | €279,548 | €302,415 | €251,809 | €220,219 | ▼ 12.5% |
| Fixed assets21/28 | €183,179 | €136,767 | €91,520 | €62,805 | €39,029 | €25,460 | €18,041 | €4,407 | ▼ 75.6% |
| Intangible fixed assets21 | €166,959 | €124,388 | €81,817 | €45,121 | €25,654 | €13,001 | €7,042 | €1,082 | ▼ 84.6% |
| Tangible fixed assets22/27 | €7,820 | €3,978 | €2,803 | €10,785 | €6,475 | €5,559 | €4,099 | €895 | ▼ 78.2% |
| Plant, machinery and equipment23 | - | - | - | €10,785 | €6,475 | €5,559 | €4,099 | €895 | ▼ 78.2% |
| Financial fixed assets28 | €8,400 | €8,400 | €6,900 | €6,900 | €6,900 | €6,900 | €6,900 | €2,430 | ▼ 64.8% |
| Current assets29/58 | €138,917 | €202,881 | €244,395 | €192,994 | €240,520 | €276,954 | €233,768 | €215,812 | ▼ 7.7% |
| Stocks and contracts in progress3 | €32,006 | €43,079 | €47,079 | €10,356 | €8,902 | €11,107 | €18,746 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €10,356 | €8,902 | €11,107 | €18,746 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €62,997 | €81,524 | €118,193 | €102,453 | €83,613 | €144,357 | €107,881 | €70,835 | ▼ 34.3% |
| Trade receivables40 | - | - | - | €66,909 | €46,093 | €108,528 | €72,163 | €70,675 | ▼ 2.1% |
| Other amounts receivable41 | - | - | - | €35,544 | €37,520 | €35,829 | €35,718 | €160 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €43,720 | €75,737 | €76,978 | €78,522 | €147,538 | €121,237 | €106,799 | €142,779 | ▲ 33.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,664 | €466 | €253 | €342 | €2,198 | ▲ 543% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €322,096 | €339,647 | €335,915 | €255,799 | €279,548 | €302,415 | €251,809 | €220,219 | ▼ 12.5% |
| Equity10/15 | €144,986 | €150,947 | €147,940 | €168,708 | €176,562 | €177,240 | €173,816 | €171,595 | ▼ 1.3% |
| Contributions10/11 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Capital10 | - | - | - | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Issued capital100 | - | - | - | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Profit (loss) carried forward14 | -€35,014 | -€29,053 | -€32,060 | -€11,292 | -€3,438 | -€2,760 | -€6,184 | -€8,405 | ▼ 35.9% |
| Amounts payable17/49 | €177,109 | €188,700 | €187,975 | €87,091 | €102,987 | €125,175 | €77,993 | €48,624 | ▼ 37.7% |
| Amounts payable within one year42/48 | €163,177 | €171,781 | €183,818 | €86,997 | €97,865 | €123,203 | €76,090 | €24,870 | ▼ 67.3% |
| Trade debts44 | €25,760 | €60,104 | €68,023 | €67,053 | €82,697 | €101,477 | €72,134 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €67,053 | €82,697 | €101,477 | €72,134 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €19,944 | €15,169 | €21,726 | €3,956 | €24,870 | ▲ 529% |
| Taxes450/3 | - | - | - | €10,603 | €5,601 | €11,200 | - | €17,326 | - |
| Remuneration and social security454/9 | - | - | - | €9,341 | €9,568 | €10,526 | €3,956 | €7,544 | ▲ 90.7% |
| Accrued charges and deferred income492/3 | - | - | - | €94 | €5,122 | €1,972 | €1,903 | €23,753 | ▲ 12× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,607 | €5,961 | -€3,007 | €20,768 | €7,853 | €679 | -€3,425 | -€2,220 | ▲ 35.2% |
| + Depreciation and write-downs630 | €49,580 | €48,338 | €47,388 | €46,032 | €23,777 | €17,328 | €9,007 | €9,164 | ▲ 1.7% |
| Operating cash flow (approximation) | €56,187 | €54,299 | €44,381 | €66,801 | €31,630 | €18,006 | €5,582 | €6,943 | ▲ 24.4% |
| Investment in fixed assets (approximation) | - | -€1,926 | -€2,141 | -€17,317 | €0 | -€3,759 | -€1,588 | €4,470 | - |
| Change in cash | - | €32,016 | €1,241 | €1,544 | €69,017 | -€26,301 | -€14,438 | €35,980 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-02-2026 | 2026-00042420 | |
| 31-12-2024 | micro format | 16-05-2025 | 2025-00095540 | |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00217813 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00190005 | |
| 31-12-2021 | micro format | 16-06-2022 | 2022-20066567 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33300344 | |
| 31-12-2019 | abbreviated format | 25-06-2020 | 2020-20500199 | |
| 31-12-2018 | abbreviated format | 12-07-2019 | 2019-32000461 | |
| 31-12-2017 | abbreviated format | 20-06-2018 | 2018-20400049 | |
| 31-12-2016 | abbreviated format | 20-06-2017 | 2017-18800206 |