PASCO
ActiveSummary
PASCO has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €411,015 and a net result of €375,431. Equity has been growing by about 8.1% per year since 2018. Its solvency ranks better than 23% of 830 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 06-06-1990 Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipment NACE 25910
- Joint committees
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2025
- Establishment unit
- 2.048.692.161 9240 Zele, since 27-06-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
- VANHAELEWYN Xavier Jacques PaulDirector · since 19-12-2023
- DRUM INVESTDirector · since 06-11-2025 · permanent representative Alexander LAQUIERE
- DRUMCO HOLDING100%2024 annual accounts of DRUMCO HOLDING
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €824,746
- ▼ 30.9%
- Turnover
- ≈ €1.9m
- estimated
- Profit
- €375,431
- ▼ 48.7%
- Equity
- €411,015
- ▲ 9.7%
- Total assets
- €1.7m
- ▼ 4.0%
- Employees on 31-12-2025
- 5
- ▼ 16.7%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 1.29, cash €602,682Founded in 1990Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 27% of them on solvency, 51% on liquidity, 86% on profitability and 58% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Appointment: DRUM INVEST (director)Permanent representative: Alexander LAQUIERE
- · Gazette deed 2 directors resigning, 3 reappointedPermanent representatives: Francis Vanhaelewyn and Alexander Laquiere · Resignations: DRUMCO HOLDING (director) and VANHAELEWYN Xavier Jacques Paul (director) · Reappointments: DRUMCO HOLDING (director) and VANHAELEWYN Xavier Jacques Paul (director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as PASCO: manufacture of fabricated metal products, except machinery and equipment (NACE 25910). They are comparable in size and age: total assets between €848,000 and €12m, founded between 1974 and 2003.
| Company | Total assets | Gross margin |
|---|---|---|
| PASCO Zele | €1.7m | €0.8m |
| INKONOX Nazareth-De Pinte | €1.8m | €1.2m |
| METALPARTS Blégny | €3.1m | €0.6m |
| KARNI Schoten | €2.3m | €1.3m |
| Egide DEPECKER Aywaille | €0.8m | €0.2m |
| METALFUTS Blégny | €7.8m | €2.0m |
| ROLCO Lier | €12.4m | €0.7m |
Key facts about PASCO
- What is the company number of PASCO?
- The company number of PASCO is 0440.668.822. The VAT number is the same number with BE in front: BE 0440.668.822.
- Where is PASCO based?
- The registered office is at Touwslagerstraat 4, 9240 Zele.Company details
- What does PASCO do?
- According to the KBO register, the main activity is manufacture of fabricated metal products, except machinery and equipment (NACE 25910).
- What is the legal form of PASCO?
- The legal form of PASCO is Public limited company (NV).
- When was PASCO founded?
- PASCO was founded on 06-06-1990.
- Is PASCO still active?
- Yes, PASCO is an active enterprise in the KBO register.
- How many employees does PASCO have?
- PASCO had an average of 5.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PASCO fall under?
- In its 2025 annual accounts, PASCO states joint committees 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw) and 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
- What is the turnover of PASCO?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €824,746 and 2,281 comparable companies of the same size. It probably lies between €1.2m and €3.3m. It is a rough estimate.
- Is PASCO profitable?
- In financial year 2025, PASCO made a profit of €375,431.
- Where can I find the annual accounts of PASCO?
- PASCO filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PASCO due?
- PASCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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