PAS

Active

Public limited companyfounded 1992active for 34 yearsKasteelstraat 47, 1840 Londerzeel, BelgiumKBO/BCE: BE 0447.413.983

Summary

PAS has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.9m and a net result of -€2.5m. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 66% of 823 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisFollow Report Compare

PASActiveChecked score 65/100

Risk analysis Report Compare

Activity

Machining of metals

NACE 25530Coating of metals NACE 25510

5th largest company by equity in Londerzeel, Manufacturing sector1 site

Size

€3.6mturnover 2025

Staff: 20.3 FTE
Equity: €4.9m
Loss: -€2.5m

Net result -171%: merger

Financial health

65 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.1%

Structure

Parent: LEVIAT · 100%
Board: 5 members
Holdings: 1

ATGALLONDaily manager · permanent representative Willem Pas

Auditor: DELOITTE Bedrijfsrevisoren BV2025 accounts 99 days early

Why 65raises riskLoss of €2.5m, the second in a row (financial year 2025)Liquidity: current ratio 0.40, cash €7,011Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskEquity €4.9m (59.5% of total assets)Show the evidence

Checked score

Score 2025

65 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 35% of its sector peers (NACE 25, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 84-16

equity 59.5% of total assets

Liquidity 31-68

short-term debt 40.5% · cash 0.1%

Profitability 0-3

return on assets -29.5%

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (749 companies, NACE 25, small)

Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.1%▼ -0.1 percentage points vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.3%▲ +0.2 percentage points vs 02-2025highest value 04-2025: 1.3%● unchanged vs 03-2025highest value 05-2025: 1.2%▼ -0.1 percentage points vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.0%▼ -0.2 percentage points vs 06-2025 08-2025: 1.0%● unchanged vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 0.9%▼ -0.1 percentage points vs 01-2026lowest value 03-2026: 1.0%▲ +0.1 percentage points vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.1%▲ +0.1 percentage points vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 1.1%● unchanged vs 07-2026 09-2026: 1.1%● unchanged vs 08-2026 10-2026: 1.1%● unchanged vs 09-2026

Credit of up to €320,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.4, compared with 1.15 in 2024, below 1; short-term debt: 40.5% and cash: 0.1% of total assets), and 40.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small): better than 72% on solvency, 25% on liquidity, 2% on profitability and 40% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.

lowers riskraises riskneutral

Loss of €2.5m, the second in a row (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 0.40, cash €7,011

NBB · annual accounts

Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)

KBO

Equity €4.9m (59.5% of total assets)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€2.5m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-04-2026, 99 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

99 days early

2024

43 days early

2023

8 days late

2022

4 days early

2021

96 days late

2020

177 days early

2019

21 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 34 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 filed years within 95 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

23-04-2026 Annual accounts filedfinancial year 2025 · full…
03-03-2026 Permanent representative: Sofian MiladGazette deed
27-01-2026 Capital & shares · Amendment of…Merger · Capital increase ·…

Financials · financial year 2025, full format

In the rankings #5 company by equity in Londerzeel, Manufacturing sector #6 company by total assets in Londerzeel, Manufacturing sector #9 employer in Londerzeel, Manufacturing sector

Turnover

€3.6m▲ 8.6%

2024 · €3.3m

EBIT margin

-27.8%=

2024 · -27.7%

Net result

-€2.5m▼ 171%

2024 · -€905,174

Working capital

-€2.0m

2024 · €127,401

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €8.3m

83.9%

16.1%

Fixed assets €7.0m ▲ 0.4%

Current assets €1.3m ▲ 34.9%

Equity and liabilities €8.3m

59.5%

40.5%

Equity €4.9m ▼ 30.1%

Debt €3.4m ▲ 288%

Debt's share of the balance-sheet total rises from 10.9% to 40.5%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

-€480,093▲

2024 · -€648,721

Cash flow

-€1.9m▼

2024 · -€644,491

Quick ratio

0.10▼

2024 · 0.33

Debt to equity

0.68▲

2024 · 0.12

ROE

-49.7%▼

2024 · -12.8%

Interest coverage

-7.31▲

2024 · -151.37

Debt ≤ 1 year

€3.4m▲

2024 · €867,132

Staff costs

€1.5m▲

2024 · €1.3m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 929 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90.1% are still going.

Small
20 years or older
solvency 30% or more
a loss of 10% of the balance sheet or more

1.1% went bankrupt

8.8% stopped otherwise

90.1% still going

For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 929 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 75 lines

Balance sheet Code20242025

Assets

Total assets20/58€7.9m€8.3m▲

Fixed assets21/28€6.9m€7.0m▲

Intangible fixed assets21-€0.009m

Tangible fixed assets22/27€1.6m€3.0m▲

Land and buildings22€1.1m€1.1m▼

Plant, machinery and equipment23€0.4m€1.5m▲

Furniture and vehicles24€0.02m€0.2m▲

Other tangible fixed assets26-€0.2m

Assets under construction and advance payments27€0.09m-

Financial fixed assets28€5.4m€4.0m▼

Affiliated companies280/1€5.4m€4.0m▼

Participating interests280€5.4m€4.0m▼

Current assets29/58€1.0m€1.3m▲

Stocks and contracts in progress3€0.7m€1.0m▲

Stocks30/36€0.7m€1.0m▲

Raw materials and consumables30/31€0.7m€1.0m▲

Finished goods33€0.03m€0.03m▼

Amounts receivable within one year40/41€0.3m€0.3m▲

Trade receivables40€0.3m€0.3m=

Other amounts receivable41-€0.04m

Cash at bank and in hand54/58-€0.007m

Deferred charges and accrued income490/1-€0.01m

Equity and liabilities

Total equity and liabilities10/49€7.9m€8.3m▲

Equity10/15€7.1m€4.9m▼

Contributions10/11€5.5m€5.7m▲

Capital10€5.5m€5.7m▲

Issued capital100€5.5m€5.7m▲

Reserves13€0.3m€0.3m▲

Non-distributable reserves130/1€0.06m€0.07m▲

Legal reserve130€0.06m€0.07m▲

Tax-exempt reserves132€0.01m€0.01m=

Distributable reserves133€0.2m€0.2m=

Profit (loss) carried forward14€1.2m-€1.0m▼

Investment grants15€0.02m€0.02m▼

Amounts payable17/49€0.9m€3.4m▲

Amounts payable within one year42/48€0.9m€3.4m▲

Current portion of amounts payable after more than one year42€0.02m-

Trade debts44€0.5m€0.7m▲

Suppliers440/4€0.5m€0.7m▲

Taxes, remuneration and social security45€0.1m€0.1m▲

Taxes450/3€0.01m-

Remuneration and social security454/9€0.09m€0.1m▲

Other amounts payable47/48€0.3m€2.6m▲

Accrued charges and deferred income492/3€0.001m€0.006m▲

Income statement Code20242025

Operating income70/76A€3.5m€3.9m▲

Turnover70€3.3m€3.6m▲

Other operating income74€0.2m€0.3m▲

Non-recurring operating income76A€0.02m€0.02m=

Operating charges60/66A€4.4m€4.9m▲

Goods for resale, raw materials and consumables60€1.2m€1.0m▼

Purchases600/8€0.9m€1.3m▲

Change in stocks: decrease (increase)609€0.3m-€0.2m▼

Services and other goods61€1.6m€1.9m▲

Remuneration, social security and pensions62€1.3m€1.5m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.5m▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.008m-€0.007m▲

Provisions for liabilities and charges: additions (uses and reversals)635/8--€0.02m

Other operating charges640/8€0.05m€0.03m▼

Non-recurring operating charges66A--€0.009m

Operating profit (loss)9901-€0.9m-€1.0m▼

Financial income75/76B€0.01m€1▼

Recurring financial income75€0.01m€1▼

Income from current assets751€0.009m-

Other financial income752/9€0.005m€1▼

Financial charges65/66B€0.01m€1.5m▲

Recurring financial charges65€0.01m€0.07m▲

Debt charges650€0.004m€0.07m▲

Other financial charges652/9€0.006m€0.006m▲

Non-recurring financial charges66B-€1.4m

Profit (loss) for the period before taxes9903-€0.9m-€2.5m▼

Profit (loss) for the period9904-€0.9m-€2.5m▼

Profit (loss) for the period to be appropriated9905-€0.9m-€2.5m▼

Appropriation of the result

Profit (loss) to be appropriated9906€1.2m-€1.0m▼

Profit (loss) brought forward from the previous period14P€2.1m€1.4m▼

Social balance sheet

Average headcount (FTE)908719.420.3▲

The notes to these accounts (67 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Operating income70/76A	-	-	-	€4.2m	€4.7m	€4.3m	€3.5m	€3.9m	▲ 12.6%
Turnover70	-	-	-	€4.2m	€4.4m	€3.9m	€3.3m	€3.6m	▲ 8.6%
Other operating income74	-	-	-	€0.02m	€0.2m	€0.2m	€0.2m	€0.3m	▲ 84.3%
Non-recurring operating income76A	-	-	-	-	€0.2m	€0.2m	€0.02m	€0.02m	=
Operating charges60/66A	-	-	-	€3.6m	€4.4m	€4.8m	€4.4m	€4.9m	▲ 11.8%
Goods for resale, raw materials and consumables60	-	-	-	€1.2m	€1.3m	€1.5m	€1.2m	€1.0m	▼ 13.1%
Purchases600/8	-	-	-	€1.3m	€1.7m	€1.6m	€0.9m	€1.3m	▲ 36.8%
Change in stocks: decrease (increase)609	-	-	-	-€0.09m	-€0.4m	-€0.1m	€0.3m	-€0.2m	-
Services and other goods61	-	-	-	€0.9m	€1.4m	€2.0m	€1.6m	€1.9m	▲ 18.5%
Remuneration, social security and pensions62	-	-	-	€1.0m	€1.2m	€1.0m	€1.3m	€1.5m	▲ 13.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.4m	€0.4m	€0.4m	€0.3m	€0.3m	€0.3m	€0.3m	€0.5m	▲ 95.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-	-	€0.04m	€0.02m	-€0.01m	-€0.008m	-€0.007m	▲ 16.6%
Provisions for liabilities and charges: additions (uses and reversals)635/8	-	-	-	-	€0.2m	-	-	-€0.02m	-
Other operating charges640/8	-	-	-	€0.04m	€0.03m	€0.03m	€0.05m	€0.03m	▼ 51.2%
Non-recurring operating charges66A	-	-	-	€0.001m	€0.001m	€79	-	-€0.009m	-
Gross operating margin9900	€1.6m	€1.4m	€1.8m	-	-	-	-	-	-
Operating profit (loss)9901	€0.3m	€0.2m	€0.4m	€0.6m	€0.3m	-€0.5m	-€0.9m	-€1.0m	▼ 8.7%
Financial income75/76B	-	-	-	€1.0m	€0.003m	€0.03m	€0.01m	€1	▼ 100.0%
Recurring financial income75	€0.004m	€0.004m	€0.004m	€2	€0.003m	€0.03m	€0.01m	€1	▼ 100.0%
Income from current assets751	-	-	-	-	-	€0.02m	€0.009m	-	-
Other financial income752/9	-	-	-	€2	€0.003m	€0.01m	€0.005m	€1	▼ 100.0%
Non-recurring financial income76B	-	-	-	€1.0m	-	-	-	-	-
Financial charges65/66B	-	-	-	€0.08m	€0.008m	€0.006m	€0.01m	€1.5m	▲ 148×
Recurring financial charges65	€0.06m	€0.05m	€0.05m	€0.08m	€0.008m	€0.006m	€0.01m	€0.07m	▲ 622%
Debt charges650	-	-	-	€0.08m	€0.001m	€0.001m	€0.004m	€0.07m	▲ 15×
Other financial charges652/9	-	-	-	€0.004m	€0.007m	€0.005m	€0.006m	€0.006m	▲ 4.8%
Non-recurring financial charges66B	-	-	-	-	-	-	-	€1.4m	-
Profit (loss) for the period before taxes9903	€0.3m	€0.1m	€0.3m	€1.6m	€0.3m	-€0.5m	-€0.9m	-€2.5m	▼ 171%
Income taxes67/77	€0.06m	€0.05m	€0.09m	€0.2m	€0.06m	€0.001m	-	-	-
Taxes670/3	-	-	-	€0.2m	€0.08m	€0.001m	-	-	-
Tax adjustments and reversals of tax provisions77	-	-	-	-	€0.02m	-	-	-	-
Profit (loss) for the period9904	€0.2m	€0.09m	€0.2m	€1.4m	€0.2m	-€0.5m	-€0.9m	-€2.5m	▼ 171%
Profit (loss) for the period to be appropriated9905	€0.2m	€0.09m	€0.2m	€1.4m	€0.2m	-€0.5m	-€0.9m	-€2.5m	▼ 171%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€4.1m	€4.0m	€3.7m	€4.1m	€4.3m	€3.6m	€7.9m	€8.3m	▲ 4.7%
Fixed assets21/28	€2.6m	€2.5m	€2.2m	€2.2m	€2.0m	€1.8m	€6.9m	€7.0m	▲ 0.4%
Intangible fixed assets21	-	-	-	-	-	-	-	€0.009m	-
Tangible fixed assets22/27	€2.5m	€2.3m	€2.1m	€1.8m	€1.6m	€1.5m	€1.6m	€3.0m	▲ 89.7%
Land and buildings22	-	-	-	€1.3m	€1.2m	€1.1m	€1.1m	€1.1m	▼ 1.0%
Plant, machinery and equipment23	-	-	-	€0.5m	€0.4m	€0.3m	€0.4m	€1.5m	▲ 317%
Furniture and vehicles24	-	-	-	€0.03m	€0.02m	€0.03m	€0.02m	€0.2m	▲ 931%
Leasing and similar rights25	-	-	-	€0.05m	€0.03m	€0.005m	-	-	-
Other tangible fixed assets26	-	-	-	-	-	-	-	€0.2m	-
Assets under construction and advance payments27	-	-	-	-	€0.008m	€0.01m	€0.09m	-	-
Financial fixed assets28	€0.1m	€0.1m	€0.1m	€0.4m	€0.4m	€0.4m	€5.4m	€4.0m	▼ 26.0%
Affiliated companies280/1	-	-	-	€0.4m	€0.4m	€0.4m	€5.4m	€4.0m	▼ 26.0%
Participating interests280	-	-	-	€0.4m	€0.4m	€0.4m	€5.4m	€4.0m	▼ 26.0%
Other financial fixed assets284/8	-	-	-	€79	€79	-	-	-	-
Amounts receivable and cash guarantees285/8	-	-	-	€79	€79	-	-	-	-
Current assets29/58	€1.6m	€1.5m	€1.4m	€1.9m	€2.3m	€1.8m	€1.0m	€1.3m	▲ 34.9%
Stocks and contracts in progress3	€0.6m	€0.5m	€0.4m	€0.5m	€0.8m	€1.0m	€0.7m	€1.0m	▲ 40.4%
Stocks30/36	-	-	-	€0.5m	€0.8m	€1.0m	€0.7m	€1.0m	▲ 40.4%
Raw materials and consumables30/31	-	-	-	€0.5m	€0.8m	€0.9m	€0.7m	€1.0m	▲ 43.0%
Finished goods33	-	-	-	-	-	€0.03m	€0.03m	€0.03m	▼ 16.3%
Amounts receivable within one year40/41	€0.9m	€1.0m	€0.6m	€1.2m	€1.4m	€0.7m	€0.3m	€0.3m	▲ 13.7%
Trade receivables40	-	-	-	€0.7m	€0.5m	€0.3m	€0.3m	€0.3m	=
Other amounts receivable41	-	-	-	€0.5m	€0.9m	€0.5m	-	€0.04m	-
Cash at bank and in hand54/58	€0.07m	€0.07m	€0.4m	€0.1m	€0.02m	€0.08m	-	€0.007m	-
Deferred charges and accrued income490/1	-	-	-	-	€0.003m	€0.001m	-	€0.01m	-
Equity and liabilities
Total equity and liabilities10/49	€4.1m	€4.0m	€3.7m	€4.1m	€4.3m	€3.6m	€7.9m	€8.3m	▲ 4.7%
Equity10/15	€1.5m	€1.6m	€1.8m	€3.2m	€3.5m	€3.0m	€7.1m	€4.9m	▼ 30.1%
Contributions10/11	€0.5m	€0.5m	€0.5m	€0.5m	€0.5m	€0.5m	€5.5m	€5.7m	▲ 2.3%
Capital10	-	-	-	€0.5m	€0.5m	€0.5m	€5.5m	€5.7m	▲ 2.3%
Issued capital100	-	-	-	€0.5m	€0.5m	€0.5m	€5.5m	€5.7m	▲ 2.3%
Reserves13	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	▲ 4.4%
Non-distributable reserves130/1	-	-	-	€0.06m	€0.06m	€0.06m	€0.06m	€0.07m	▲ 21.0%
Legal reserve130	-	-	-	€0.06m	€0.06m	€0.06m	€0.06m	€0.07m	▲ 21.0%
Tax-exempt reserves132	-	-	-	€0.01m	€0.01m	€0.01m	€0.01m	€0.01m	=
Distributable reserves133	-	-	-	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	=
Profit (loss) carried forward14	€0.7m	€0.7m	€0.9m	€2.4m	€2.6m	€2.1m	€1.2m	-€1.0m	-
Investment grants15	-	-	-	€0.04m	€0.04m	€0.03m	€0.02m	€0.02m	▼ 16.8%
Provisions and deferred taxes16	-	-	-	-	€0.2m	-	-	-	-
Provisions for liabilities and charges160/5	-	-	-	-	€0.2m	-	-	-	-
Environmental obligations163	-	-	-	-	€0.2m	-	-	-	-
Amounts payable17/49	€2.6m	€2.4m	€1.9m	€0.8m	€0.6m	€0.7m	€0.9m	€3.4m	▲ 288%
Amounts payable after more than one year17	€1.1m	€1.1m	€0.8m	€0.06m	€0.04m	€0.02m	-	-	-
Financial debts170/4	-	-	-	€0.06m	€0.04m	€0.02m	-	-	-
Leasing and similar obligations172	-	-	-	€0.06m	€0.04m	€0.02m	-	-	-
Amounts payable within one year42/48	€1.5m	€1.3m	€1.0m	€0.8m	€0.6m	€0.6m	€0.9m	€3.4m	▲ 288%
Current portion of amounts payable after more than one year42	-	-	-	€0.02m	€0.02m	€0.02m	€0.02m	-	-
Trade debts44	€0.5m	€0.5m	€0.3m	€0.4m	€0.3m	€0.5m	€0.5m	€0.7m	▲ 45.0%
Suppliers440/4	-	-	-	€0.4m	€0.3m	€0.5m	€0.5m	€0.7m	▲ 45.0%
Taxes, remuneration and social security45	-	-	-	€0.3m	€0.3m	€0.09m	€0.1m	€0.1m	▲ 0.2%
Taxes450/3	-	-	-	€0.2m	€0.2m	€0.09m	€0.01m	-	-
Remuneration and social security454/9	-	-	-	€0.1m	€0.1m	€0.008m	€0.09m	€0.1m	▲ 11.1%
Other amounts payable47/48	-	-	-	-	-	-	€0.3m	€2.6m	▲ 778%
Accrued charges and deferred income492/3	-	-	-	€306	-	-	€0.001m	€0.006m	▲ 783%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€0.2m	€0.09m	€0.2m	€1.4m	€0.2m	-€0.5m	-€0.9m	-€2.5m	▼ 171%
+ Depreciation and write-downs630	€0.4m	€0.4m	€0.4m	€0.3m	€0.3m	€0.3m	€0.3m	€0.5m	▲ 95.2%
Operating cash flow (approximation)	€0.6m	€0.5m	€0.6m	€1.8m	€0.5m	-€0.2m	-€0.6m	-€1.9m	▼ 202%
Investment in fixed assets (approximation)	-	-€0.2m	-€0.2m	-€0.3m	-€0.05m	-€0.2m	-€5.4m	-€0.5m	▲ 90.0%
Change in cash	-	-€0.002m	€0.3m	-€0.2m	-€0.1m	€0.06m	-	-	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 34 filings with the National Bank

Financial year	Type	Filed	Reference
31-12-2025	full format	23-04-2026	2026-00086111
31-12-2024	full format	18-06-2025	2025-00155935
31-12-2023	full format	08-08-2024	2024-00345394
31-12-2022	full format	27-07-2023	2023-00298618
31-12-2021	full format	04-11-2022	2022-20516696
31-12-2020	abbreviated format	04-02-2021	2021-04800226
31-12-2019	abbreviated format	10-07-2020	2020-28700286
31-12-2018	abbreviated format	01-07-2019	2019-25900322
31-12-2017	abbreviated format	06-07-2018	2018-30700072
31-12-2016	abbreviated format	07-07-2017	2017-29400083

Show all 34 filings

Similar companies · same sector, comparable size

INTERDECOUPE

BE 0469.661.825

Herstal · equity €4,959,463

ANDIRO

BE 0446.275.521

Lichtervelde · equity €4,909,705

NEW LASER

BE 0878.994.006

Sankt Vith · equity €5,010,975

BETONIJZERBUIGCENTRALE INTER

BE 0420.361.673

Ichtegem · equity €5,147,891

METAALWERKEN DE ROOS

BE 0447.039.940

Dendermonde · equity €4,737,291

Of the 3,416 active companies whose main activity is machining of metals (NACE 25530), figures are known for 1,655. 564 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 6 entries · €82,961 awarded · €82,267 paid

Year	Entries	Awarded	Paid
2025	1	€11,950	€11,950
2024	1	€8,632	€8,632
2023	2	€51,267	€51,267
2022	2	€11,112	€10,418

Schemes

Cofinanciering

1 entry · €39,982 · €39,982 paid · Openbare Vlaamse Afvalstoffenmaatschappij

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)

2 entries · €21,703 · €21,703 paid · Departement Werk en Sociale Economie

Individueel Maatwerk

2 entries · €20,582 · €20,582 paid · Departement Werk en Sociale Economie

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · €694 · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

5 directors, 2 in day-to-day management, no change since 2025

Board 5

Angéline Chaigneau

Director · since 05-07-2021

Current

Sven Kurth Snauwaert

Director · since 01-02-2024

Current

Stefanie Hespeel

Director · since 26-11-2024

Current

Nico Ramstetter

Director · since 30-04-2025

Current

JeremyJamesHallett

Director · since 12-11-2025

Current

2 not recently confirmed

Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.

Geert Pas

Director · since 30-06-2004

Not recently confirmed

VAN RUYSEVELT Marie-Josée

Director · since 30-06-2010

Not recently confirmed

Day-to-day management 2

ATGALLON

Persoon gelast met het dagelijks bestuur · since 05-07-2021 · Private limited company · permanent representative: Willem Pas

Current

PAVARI CONSULT

Persoon gelast met het dagelijks bestuur · since 05-07-2021 · Private limited company · permanent representative: Geert Pas

Current

Permanent representatives 2

Geert Pas

Permanent representative · since 05-07-2021 · for PAVARI CONSULT

Current

Willem Pas

Permanent representative · since 05-07-2021 · for ATGALLON

Current

Statutory auditor 1

DELOITTE Bedrijfsrevisoren BV

Auditor · since 05-07-2021 · permanent representative: Ben Vandeweyer

Current

Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

18 people since 2004, 10 in office

All 18 In office 10 Ended 8

Board
Day-to-day management
Statutory auditor
Other function
not recently confirmed
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Angéline Chaigneau	Director, from 05-07-2021 to date
Sven Kurth Snauwaert	Director, from 01-02-2024 to date
Stefanie Hespeel	Director, from 26-11-2024 to date
Nico Ramstetter	Director, from 30-04-2025 to date
JeremyJamesHallett	Director, from 12-11-2025 to date
ATGALLON	Persoon gelast met het dagelijks bestuur, from 05-07-2021 to date Director, until 26-11-2024
PAVARI CONSULT	Persoon gelast met het dagelijks bestuur, from 05-07-2021 to date Director, until 26-11-2024
DELOITTE Bedrijfsrevisoren BV	Auditor, from 05-07-2021 to date
Geert Pas	Director, from before 30-06-2004 not ended, last confirmed 23-08-2016
VAN RUYSEVELT Marie-Josée	Director, from before 30-06-2010 not ended, last confirmed 23-08-2016
AngélineChaigneau	Director, until 05-12-2025
Frédéric Parayre	Director, from 05-07-2021 to 30-04-2025
Sven Snauwaert	Director, until 30-04-2025
Daisy Korthout	Director, from 05-07-2021 ended, last mentioned 28-07-2021 Bestuurster, until 08-04-2024
Gerhard Pas	Director and managing director, until 05-07-2021 Director and managing director, until 05-07-2021
Willem Pas	Director, from before 30-06-2004 to 05-07-2021 Managing director, from before 30-06-2010 to 05-07-2021
Van Ruysevelt	Director, until 25-02-2021
Leo Pas	Managing director, from before 30-06-2004 ended, last mentioned 20-09-2004 Director, until 17-12-2004

Show all 18 people Show the first 12See the board, name and registered office on a given date →

Owners and capital

Owners

2 owners

Chain of control

CRH PLCIE consolidates
CRH NederlandNL 100%
LEVIAT 100%
PAS

Highest known parent: CRH PLC (Ireland). The sources do not say who stands above it.

Owners 2

LEVIATparent
Sourceact 25-04-2025accounts LEVIAT 2025

100%
CRH PLCIEconsolidating parent
Sourceparent in own accounts 2025

consolidates

According to the 2025 annual accounts of PAS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds

After the capital increase act of 27-01-2026 ↗

LEVIAT €4,500,000 in cash

Stated in the act act of 27-01-2026 ↗

LEVIAT all shares

Stated in the act act of 25-04-2025 ↗

PLAKABETON (BE 0402.642.545) all shares

After the capital increase act of 07-11-2024 ↗

PLAKABETON €5,000,000 in cash

Stated in the act act of 07-11-2024 ↗

PLAKABETON

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

27-01-2026 Capital increase of €4,500,000 · to €10,030,500 · no new shares · in cash
25-04-2025 Capital stated in the deed · €5,530,500 · 128 shares
07-11-2024 Capital increase of €5,000,000 · to €5,530,500 · no new shares · in cash
27-01-2012 Capital stated in the deed · €530,500 · 128 shares

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

EUROPEAN TECHNO STEELsubsidiary
Sourceown accounts 2025 accounts EUROPEAN TECHNO STEEL 2025
Equity €4.0mResult -€2.0m

100%

Connections & network

5 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet

Linked via shared directors

HALFEN

via Stefanie Hespeel, Nico Ramstetter and Angéline Chaigneau · Director

→

Schelde-Handel

via Stefanie Hespeel, Sven Kurth Snauwaert and 2 others · Director

→

Techno Coating

via Stefanie Hespeel, Sven Kurth Snauwaert and Nico Ramstetter · Director

→

ATGALLON

Shared director

→

Show 1 more companies with a shared director

SCI VAN BUGGENHOUT

Shared corporate director

→

Acquisitions and mergers

1 transaction

Took over:TECHNO COATING

BE 0647.874.282silent merger · Gazette deed of 27-01-2026 (4 acts) · effective 12-06-2025

History

PAS was incorporated on 13 May 1992.¹ Between 2024 and 2026 the capital was increased 2 times, most recently to €10.0m.²³ In 2025 the company absorbed TECHNO COATING by merger.³ The board currently has 5 members; Angéline Chaigneau has served longest, since 2021.⁴

Acts, filings and financial milestones

All 32Financial 4Gazette 18Filings 10

Next filing, financial year 2026, expected by 31-07-2027

2026

23-04

NBB filing Annual accounts filed

financial year 2025 · full format

03-03

Gazette deed Permanent representative: Sofian Milad

1 fact ▸

Permanent representative, Sofian Milad

27-01

Gazette deed Capital & shares · Amendment of the articles

Merger · Capital increase · Capital contribution11 facts ▸

General meeting, 13-01-2026
Merger, “fusie door overneming(geruisloze fusie), BE0647.874.282” (deed in Dutch)
Capital increase, €4,500,000
Other provision, “geen verslagen bij kapitaalverhoging, geen nieuwe aandelen worden uitgegeven” (deed in Dutch)
Capital contribution, €4,500,000
Bank account, “bijzondere rekening, Vennootschap” (deed in Dutch)
Shareholding, LEVIAT
Other provision, “vaststelling verwezenlijking kapitaalverhoging”, 4500000 (deed in Dutch)
Other provision, “geen nieuwe aandelen als vergoeding inbreng”, 0 (deed in Dutch)
Amendment of the articles, 5
Capital, €10,030,500

2025

31-12

Financial Weakest financial yearnet -€2.5m

Net result drops to -€2.5m, the lowest in the series.

05-12

Gazette deed Resignation: AngélineChaigneau (director)

Appointment: JeremyJamesHallett (director)3 facts ▸

Board meeting, 12-11-2025
Director resignation, AngélineChaigneau (director)
Director appointment, JeremyJamesHallett (director)

13-10

Gazette deed Appointments: Stefanie Hespeel (director) and Nico Ramstetter (director)

3 facts ▸

General meeting, 25-08-2025
Director appointment, Stefanie Hespeel (director)
Director appointment, Nico Ramstetter (director)

04-07

Gazette deed Resignations & appointments · Restructuring

Incorporation · Merger · Approval19 facts ▸

Incorporation, 13-05-1992
General meeting, 12-06-2025
Merger, 17-04-2025, “artikel 12:50 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
Other provision, “fusievoorstel neerlegging en hechting” (deed in Dutch)
Other provision, “voorlichting aandeelhouder fusie, artikel 12:51 §1 eerste alinea WVV” (deed in Dutch)
Other provision, “afschrift en tussentijdse cijfers, artikel 12:51 §3 WVV” (deed in Dutch)
Approval, “eenparigheid van stemmen, EERSTE BESLUIT: KENNISNAME EN BESPREKING STUKKEN EN VERSLAGEN” (deed in Dutch)
Merger, “met fusie door overneming gelijkgestelde verrichting (geruisloze fusie), TWEEDE BESLUIT” (deed in Dutch)
Accounting effect, 01-01-2025
Other provision, “bevoorrechte aandelen of effecten met bijzondere rechten in overgenomen vennootschap” (deed in Dutch)
Other provision, “uitgifte nieuwe aandelen in overnemende vennootschap in kader fusie” (deed in Dutch)
Other provision, “bijzondere voordelen aan leden bestuursorganen fuserende vennootschappen” (deed in Dutch)
+7 further facts in this act

18-06

NBB filing Annual accounts filed

financial year 2024 · full format

02-06

Gazette deed Resignations: Frédéric Parayre (director) and Sven Snauwaert (director)

Appointment: Ramstetter Nico (director)4 facts ▸

Board meeting, 30-04-2025
Director resignation, Frédéric Parayre (director)
Director resignation, Sven Snauwaert (director)
Director appointment, Ramstetter Nico (director)

25-04

Gazette deed Restructuring

Merger · Capital · Shareholding25 facts ▸

Merger, “met fusie door overneming gelijkgestelde verrichting(geruisloze fusie), vereenvoudigen en rationaliseren vennootschapsstructuur groep” (deed in Dutch)
Capital, €125,000
Shareholding, “op heden” (deed in Dutch) (2 times)
Board composition, Angeline Chaigneau (director) (2 times)
Board composition, Stefanie Hespeel (director) (2 times)
Board composition, Frédéric Parayre (director) (2 times)
Board composition, Sven Snauwaert (director) (2 times)
Capital, €5,530,500
Other provision, “juridisch kader en verbintenis bestuursorganen, ter goedkeuring aan respectievelijke buitengewone algemene vergaderingen aandeelhouders” (deed in Dutch)
Other provision, “aandelenvanzowelOverTeNemenVennootschapalsVerkrijgendeVennootschapaangehouden doorzelfdeaandeelhouder, toepasselijkheidartikel12:72°WVV” (deed in Dutch)
Other provision, “vennootschapsstructuurgroepvereenvoudigenenrationaliseren, omschrijvingvoorgenomengeruislozefusie” (deed in Dutch)
Other provision, “behorentotzelfdegroepvanzelfdesectorenzelfderegio, zakelijkeoverwegingenfusie” (deed in Dutch)
+13 further facts in this act

02-01

Gazette deed Resignations: Pavari Consult BV (director) and Atgallon BV (director)

Permanent representatives: Geert Pas and Willem Pas · Appointment: Hespeel Stefanie (director)6 facts ▸

Board meeting, 26-11-2024
Director resignation, Pavari Consult BV (director)
Permanent representative, Geert Pas
Director resignation, Atgallon BV (director)
Permanent representative, Willem Pas
Director appointment, Hespeel Stefanie (director)

2024

31-12

Financial Equity above €5mequity €7.1m ▲137%

Equity rises from €3.0m to €7.1m.

Show earlier events

07-11

Gazette deed Capital & shares · Amendment of the articles

Capital increase · Capital contribution · Shareholding12 facts ▸

Other provision, “website en e-mail, NEGENDE BESLUIT” (deed in Dutch)
General meeting, “buitengewone algemene vergadering, eenparigheid van stemmen” (deed in Dutch)
Amendment of the articles (3 times)
Amendment of the articles, 2
Capital increase, €5,000,000
Other provision, “geen verslagen artikel 7:191 juncto 7:179 WVV, geen nieuwe aandelen uitgegeven” (deed in Dutch)
Capital contribution, €5,000,000
Shareholding, “financiële toestand en statuten” (deed in Dutch)
Other provision, “vaststelling kapitaalverhoging verwezenlijkt”, 5000000 (deed in Dutch)
Other provision, “geen nieuwe aandelen toegekend, vergoeding inbreng” (deed in Dutch)
Capital, €5,530,500
Other provision, “eensluidend ontledend uittreksel, VOOR EENSLUIDEND ONTLEDEND UITTREKSEL” (deed in Dutch)

14-10

Gazette deed Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)

2 facts ▸

General meeting, 05-08-2024
Auditor reappointment, Deloitte Bedrijfsrevisoren BV (statutory auditor)

08-08

NBB filing Annual accounts filed

financial year 2023 · full format · 8 days late

08-04

Gazette deed Resignation: Daisy Korthout (bestuurster)

Appointment: Sven Kurth Snauwaert (director)6 facts ▸

General meeting, 01-02-2024
Director resignation, Daisy Korthout (bestuurster)
Director appointment, Sven Kurth Snauwaert (director)
Board composition, Angeline Chaigneau (director)
Board composition, Frédéric Parayre (director)
Board composition, Sven Kurth Snauwaert (director)

2023

27-07

NBB filing Annual accounts filed

financial year 2022 · full format

2022

04-11

NBB filing Annual accounts filed

financial year 2021 · full format · 96 days late

2021

31-12

Financial Highest result from 2018 to 2025net €1.4m ▲503%

Operating result €648,144, net result €1.4m, both a record.

31-12

Financial Equity above €2mequity €3.2m ▲80.6%

A profit in every financial year since 2018 builds equity to €3.2m.

28-07

Gazette deed Resignations: Gerhard Pas (director and managing director) and Willem Pas (director and managing director)

Appointments: Frédéric Parayre, Angéline Chaigneau and 4 others · Permanent representatives: Ben Vandeweyer, Willem Pas and Gerhard Pas · Mandate compensation22 facts ▸

General meeting, 05-07-2021
Board meeting, 05-07-2021
Director resignation, Gerhard Pas (director and managing director)
Director resignation, Willem Pas (director and managing director)
Director appointment, Frédéric Parayre (director)
Director appointment, Angéline Chaigneau (director)
Director appointment, Daisy Korthout (director)
Mandate compensation, Frédéric Parayre
Mandate compensation, Angéline Chaigneau
Mandate compensation, Daisy Korthout
Auditor appointment, Deloitte Bedrijfsrevisoren BV
Permanent representative, Ben Vandeweyer
+10 further facts in this act

21-04

Gazette deed Resignation: Van Ruysevelt (director)

Director discharge3 facts ▸

General meeting, 25-02-2021
Director resignation, Van Ruysevelt (director)
Director discharge, Van Ruysevelt

04-02

NBB filing Annual accounts filed

financial year 2020 · abbreviated format

2020

10-07

NBB filing Annual accounts filed

financial year 2019 · abbreviated format

2019

01-07

NBB filing Annual accounts filed

financial year 2018 · abbreviated format

2018

06-07

NBB filing Annual accounts filed

financial year 2017 · abbreviated format

2017

07-07

NBB filing Annual accounts filed

financial year 2016 · abbreviated format

2016

23-08

Gazette deed Reappointments: PAS Willem, PAS Geert and VAN RUYSEVELT Marie-Josée

Mandate compensation8 facts ▸

General meeting, 10-06-2016
Director reappointment, PAS Willem (managing director) (2 times)
Director reappointment, PAS Geert (director)
Director reappointment, VAN RUYSEVELT Marie-Josée (director)
Mandate compensation, PAS Willem
Mandate compensation, PAS Geert
Mandate compensation, VAN RUYSEVELT Marie-Josée
Board meeting, 10-06-2016

2012

27-01

Gazette deed Capital & shares · Amendment of the articles

Capital · Power of attorney · Share conversion5 facts ▸

General meeting, 29-12-2011
Capital, €530,500
Power of attorney, Gerhard Pas
Amendment of the articles
Share conversion, “Deadline of 30-12-2011 for presenting bearer shares to the special proxy; un-presented bearer shares are automatically converted to registered shares in t…” (deed in Dutch)

2010

20-09

Gazette deed Reappointments: PAS Geert, PAS Willem and VAN RUYSEVELT Marie-Josée

Mandate compensation7 facts ▸

General meeting, 30-06-2010
Director reappointment, PAS Geert (director)
Director reappointment, PAS Willem (managing director) (2 times)
Director reappointment, VAN RUYSEVELT Marie-Josée (director)
Mandate compensation, PAS Willem
Mandate compensation, VAN RUYSEVELT Marie-Josée
Board meeting, 30-06-2010

2005

14-01

Gazette deed Resignation: Leo Pas (director)

2 facts ▸

Board meeting, 17-12-2004
Director resignation, Leo Pas (director)

2004

20-09

Gazette deed Reappointments: Leo Pas, Geert Pas and Willem Pas

Mandate compensation6 facts ▸

General meeting, 30-06-2004
Director reappointment, Leo Pas (managing director)
Director reappointment, Geert Pas (director)
Director reappointment, Willem Pas (director)
Mandate compensation, Leo Pas
Board meeting, 30-06-2004

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 34 annual accounts filed, the latest 10 are here; all 34 are under Financials.

18 of 18 deeds read

Register details

Identification

Legal formPublic limited company

Founded13-05-1992

Financial year end31-12

Activities, NACEBEL 2025

25510Coating of metals

25530Machining of metals

E-invoicing

Reachable via Peppol

Peppol ID 0208:0447413983

Also 9925:BE0447413983

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint

Registered office, Londerzeel · 1 establishment unit since 1992

registered office establishment The establishment unit on the map

Ground area

1.2 ha

Building footprint

263 m²

Building volume

2,170 m³

Parcel 23045F0072/00E002, Flanders · tallest building 13.1 m. Linked by address, not a title deed.

2 companies at this address See who is registered here

1 establishment unit

PAS NV

Kasteelstraat 47, 1840 LonderzeelManufacture of metal structures and parts of structures

since 1992unit no. 2.057.851.139

1 parcel

Flanders 1 (100%)

Cadastral parcel	Region	Area	Buildings	Height / floors
23045F0072/00E002	Flanders	1.2 ha	1 · 263 m²	13.1 m · 3

How the parcels are linked

Good to know

The parcel matches the address exactly.

Articles of association

What the company does

Purpose: “Het verwerken en bewerken van platen,putdeksel,metaalconstructies,het verzinken van alle soorten metalen,dit alles zowel voor eigen rekening…” (deed in Dutch)
2 activities (deed in Dutch)
Het verwerken en bewerken van platen,putdeksel,metaalconstructies,het verzinken van alle soorten metalen,dit alles zowel voor eigen rekening als voor rekening van derden,en dit alles in de ruimste zin van het woord.
Het waarnemen van alle bestuursopdrachten,het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks met haar voorwerp verband houden.
The full purpose is in the deed
deed of 25-04-2025
Duration: Unlimited
deed of 07-11-2024
Name clause: PAS
deed of 07-11-2024
Registered office clause: “Vlaams Gewest, 1840 Londerzeel,Kasteelstraat 47” (deed in Dutch)
“Vlaams Gewest, 2” (deed in Dutch)
deed of 07-11-2024

Who represents it, and how

Who signs: “De Verkrijgende Vennootschap wordt op heden bestuurd door: -Mevrouw Angeline Chaigneau, bestuurder; -Mevrouw Stefanie Hespeel, bestuurder…”
Board rule: One provision in the deed

deed of 25-04-2025

Capital, shares and profit

Transfer restriction: “Onder levenden of bij overlijden, Artikel 12” (deed in Dutch)

deed of 07-11-2024

Meetings and financial year

Annual meeting: Third Friday of May

deed of 07-11-2024

Oversight and winding up

Liquidation rule: “Benoeming vereffenaars, één of meer” (deed in Dutch)
“Bevoegdheden vereffenaars, 38” (deed in Dutch)
1 more provision on this in the deed

deed of 07-11-2024

Other provisions

Other provision: “Boekhoudkundige verwerking overgegane actief-en passiefbestanddelen, boekhoudrechtelijk continuïteitsbeginsel K.B. 2001-01-30” (deed in Dutch)

1 more provision in the deed, see the deed of 04-07-2025

deed of 04-07-2025

Overview

Checked score

Signals

Financials · financial year 2025, full format

Peer companies

Similar companies · same sector, comparable size

Subsidies and aid

Flemish government

Directors

Board 5

Day-to-day management 2

Permanent representatives 2

Statutory auditor 1

Mandate history

Owners and capital

Owners

Owners 2

Capital and shareholders

Group and network

Holdings and subsidiaries

Holdings 1

Connections & network

Acquisitions and mergers

History

Acts, filings and financial milestones

Register details

Sites & property

Articles of association

What the company does

Who represents it, and how

Capital, shares and profit

Meetings and financial year

Oversight and winding up

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provisions