PACON
Absorbed by LYCONFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 29 filings
Turnover
≈ €9,000
Estimated: probably between €4,100 and €22,000
Total assets
€400,256▼ 5.3%
2024 · €422,695
Net result
-€1,100
2024 · €2,271
Working capital
€268,445▼ 0.4%
2024 · €269,545
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€519
▼ 78.2%
2025
20182025
Net result
-€1,100
2025
20182025
Equity
€299,445
▼ 0.4%
2025
20182025
Total assets
€400,256
▼ 5.3%
2025
20182025
Debt
€100,811
▼ 17.5%
2025
20182025
Working capital
€268,445
▼ 0.4%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€5,362-€7,807▲ 45.6%€5,784▼ 25.9%€4,499▼ 22.2%€6,483▲ 44.1%-€378€2,379€519▼ 78.2%
Net result€1,524-€1,836▲ 20.5%€1,046▼ 43.0%€896▼ 14.3%€4,583▲ 411%-€3,027€2,271-€1,100
Equity€292,940-€294,776▲ 0.6%€295,822▲ 0.4%€296,718▲ 0.3%€301,301▲ 1.5%€298,274▼ 1.0%€300,545▲ 0.8%€299,445▼ 0.4%
Total assets€536,192-€454,021▼ 15.3%€417,889▼ 8.0%€375,019▼ 10.3%€405,523▲ 8.1%€446,567▲ 10.1%€422,695▼ 5.3%€400,256▼ 5.3%
Debt€243,253-€159,245▼ 34.5%€122,068▼ 23.3%€78,301▼ 35.9%€104,222▲ 33.1%€148,292▲ 42.3%€122,150▼ 17.6%€100,811▼ 17.5%
Working capital€328,422-€288,623▼ 12.1%€286,145▼ 0.9%€265,718▼ 7.1%€270,301▲ 1.7%€267,274▼ 1.1%€269,545▲ 0.8%€268,445▼ 0.4%
The operating result for 2025 is 78% lower than in 2024.
Turnover and EBIT margin are not published. The 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 €400,256
Fixed assets
€31,000 =
Current assets
€369,256 ▼ 5.7%
Equity and liabilities €400,256
Equity
€299,445 ▼ 0.4%
Debt
€100,811 ▼ 17.5%
Debt's share of the balance-sheet total falls from 28.9% to 25.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.66▲
2024 · 3.21
Debt to equity
0.34▼
2024 · 0.41
ROE
-0.4%▼
2024 · 0.8%
ROA
-0.3%▼
2024 · 0.5%
Debt ≤ 1 year
€100,811▼
2024 · €122,150
Income taxes
€947▲
2024 · €108
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,598 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €220 | €223 | €240 | €256 | €663 | ▲ 159% |
| Gross operating margin9900 | €13,327 | €8,046 | €6,002 | €4,719 | €6,706 | -€138 | €2,635 | €1,182 | ▼ 55.1% |
| Operating profit (loss)9901 | €5,362 | €7,807 | €5,784 | €4,499 | €6,483 | -€378 | €2,379 | €519 | ▼ 78.2% |
| Financial charges65/66B | - | - | - | €1,434 | €524 | €9 | €0 | €673 | - |
| Recurring financial charges65 | €3,839 | €2,982 | €1,607 | €1,434 | €524 | €9 | €0 | €673 | - |
| Profit (loss) for the period before taxes9903 | €1,524 | €4,824 | €4,177 | €3,065 | €5,959 | -€387 | €2,379 | -€154 | - |
| Income taxes67/77 | - | €2,988 | €3,131 | €2,169 | €1,376 | €2,640 | €108 | €947 | ▲ 779% |
| Profit (loss) for the period9904 | €1,524 | €1,836 | €1,046 | €896 | €4,583 | -€3,027 | €2,271 | -€1,100 | - |
| Profit (loss) for the period to be appropriated9905 | €1,524 | €1,836 | €1,046 | €896 | €4,583 | -€3,027 | €2,271 | -€1,100 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €536,192 | €454,021 | €417,889 | €375,019 | €405,523 | €446,567 | €422,695 | €400,256 | ▼ 5.3% |
| Fixed assets21/28 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Financial fixed assets28 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Current assets29/58 | €505,192 | €423,021 | €386,889 | €344,019 | €374,523 | €415,567 | €391,695 | €369,256 | ▼ 5.7% |
| Amounts receivable within one year40/41 | €383,920 | €383,892 | €333,044 | €340,244 | €349,244 | €364,794 | €365,489 | €363,594 | ▼ 0.5% |
| Other amounts receivable41 | - | - | - | €340,244 | €349,244 | €364,794 | €365,489 | €363,594 | ▼ 0.5% |
| Cash at bank and in hand54/58 | €1,272 | €4,129 | €5,846 | €3,775 | €279 | €20,773 | €1,205 | €5,662 | ▲ 370% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €25,000 | €30,000 | €25,000 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €536,192 | €454,021 | €417,889 | €375,019 | €405,523 | €446,567 | €422,695 | €400,256 | ▼ 5.3% |
| Equity10/15 | €292,940 | €294,776 | €295,822 | €296,718 | €301,301 | €298,274 | €300,545 | €299,445 | ▼ 0.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €190,097 | €190,097 | €190,097 | €190,097 | €190,097 | €190,097 | €190,097 | €190,097 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €188,238 | €188,238 | €188,238 | €188,238 | €188,238 | = |
| Profit (loss) carried forward14 | €84,250 | €86,086 | €87,132 | €88,028 | €92,612 | €89,585 | €91,856 | €90,756 | ▼ 1.2% |
| Amounts payable17/49 | €243,253 | €159,245 | €122,068 | €78,301 | €104,222 | €148,292 | €122,150 | €100,811 | ▼ 17.5% |
| Amounts payable after more than one year17 | €66,482 | €24,848 | €21,323 | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €176,771 | €134,397 | €100,744 | €78,301 | €104,222 | €148,292 | €122,150 | €100,811 | ▼ 17.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €31,870 | €0 | - | - | - | - |
| Trade debts44 | €8,174 | €1,446 | €2,996 | €2,420 | €2,437 | €667 | €907 | €1,654 | ▲ 82.3% |
| Suppliers440/4 | - | - | - | €2,420 | €2,437 | €667 | €907 | €1,654 | ▲ 82.3% |
| Taxes, remuneration and social security45 | - | - | - | €13,647 | €205 | €1,800 | €0 | €7,335 | - |
| Taxes450/3 | - | - | - | €13,647 | €205 | €1,800 | €0 | €7,335 | - |
| Other amounts payable47/48 | - | - | - | €30,363 | €101,579 | €145,825 | €121,242 | €91,821 | ▼ 24.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,524 | €1,836 | €1,046 | €896 | €4,583 | -€3,027 | €2,271 | -€1,100 | - |
| + Depreciation and write-downs630 | €6,598 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €8,122 | €1,836 | €1,046 | €896 | €4,583 | -€3,027 | €2,271 | -€1,100 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,857 | €1,717 | -€2,071 | -€3,496 | €20,494 | -€19,568 | €4,456 | - |
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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00236528 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00240856 | |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00265022 | |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00215810 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20127877 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25400267 | |
| 31-12-2019 | micro format | 02-07-2020 | 2020-25000320 | |
| 31-12-2018 | micro format | 18-06-2019 | 2019-19700061 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-49500306 | |
| 31-12-2016 | micro format | 29-07-2017 | 2017-38500307 |