What does ACO PASSAVANT do?

ACO PASSAVANT is a wholesaler in Merchtem. Public Limited, started on 19 February 1966, 1 establishment.

What is the address of ACO PASSAVANT?

The registered office of ACO PASSAVANT is located at Preenakker 6, 1785 Merchtem.

Is ACO PASSAVANT still active?

Yes. According to the CBE (30 October 2026) ACO PASSAVANT is active, legal situation “Normale toestand”, started on 19 February 1966.

Is ACO PASSAVANT registered on Peppol?

Yes, ACO PASSAVANT is registered on the Peppol network with ID 0208:0403184458.

What is the enterprise number of ACO PASSAVANT?

The enterprise number of ACO PASSAVANT is BE0403184458.

When was ACO PASSAVANT founded?

ACO PASSAVANT was founded on 19 February 1966.

Who are the directors of ACO PASSAVANT?

According to the 2025 annual accounts, the directors of ACO PASSAVANT are: François Desebbe, Nico De Broyer.

Is ACO PASSAVANT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 February 1966; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did ACO PASSAVANT make in 2025?

ACO PASSAVANT posted a profit after taxes of € 1,120,734 in financial year 2025.

What is the revenue of ACO PASSAVANT?

In its most recent annual accounts (2025), ACO PASSAVANT reported revenue of € 19,773,405.

How much does an employee at ACO PASSAVANT earn?

The average wage cost per full-time employee at ACO PASSAVANT was € 107,500 in 2025: staff costs of € 4 million for 36.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ACO PASSAVANT have?

According to the 2025 annual accounts, ACO PASSAVANT has 36.8 full-time equivalents (FTE).

Does ACO PASSAVANT have a website?

Yes, ACO PASSAVANT has a website at aco.be.

ACO PASSAVANT (Public Limited) - Merchtem - BE0403184458

Dossier ACO PASSAVANT, printed on 30 October 2026 from databakkes.be/en/0403184458/aco-passavant. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

ACO PASSAVANT from Merchtem, company number BE0403184458, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year ACO PASSAVANT recorded revenue of € 19.8 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 1.4 million to € 1.1 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.

What it is worth Growing

€ 3.1 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 1.1 million

▼ 22% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 255,301

▼ 12% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1 million paid out

89 % of the profit went to the shareholders, mostly to Severin Ahlman Holding (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

36.8

▲ 1.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.9 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4 million

▲ 6% vs 2024

€ 107,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 55,000

▼ 1% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 8 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.2 million

▼ 11% vs 2024

€ 156,000 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.

Owed to suppliers

€ 1.5 million

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.

Taxes and wages

€ 698,657

▲ 6% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 21,941,929 Revenue 2022: € 21,941,929 First fiscal year in the series	€ 20,468,484 Revenue 2023: € 20,468,484 ▼ 7% vs 2022 (€ 21,941,929) Unfavourable step	€ 20,564,452 Revenue 2024: € 20,564,452 Unchanged (€ 20,468,484) Favourable step	€ 19,773,405 Revenue 2025: € 19,773,405 ▼ 4% vs 2024 (€ 20,564,452) Unfavourable step	▼ 4%
Profit after taxes	€ 1,782,645 Profit after taxes 2022: € 1,782,645 First fiscal year in the series	€ 1,750,313 Profit after taxes 2023: € 1,750,313 ▼ 2% vs 2022 (€ 1,782,645) Unfavourable step	€ 1,445,241 Profit after taxes 2024: € 1,445,241 ▼ 17% vs 2023 (€ 1,750,313) Unfavourable step	€ 1,120,734 Profit after taxes 2025: € 1,120,734 ▼ 22% vs 2024 (€ 1,445,241) Unfavourable step	▼ 22%
Equity	€ 2,811,167 Equity 2022: € 2,811,167 First fiscal year in the series	€ 2,961,480 Equity 2023: € 2,961,480 ▲ 5% vs 2022 (€ 2,811,167) Favourable step	€ 3,006,721 Equity 2024: € 3,006,721 ▲ 2% vs 2023 (€ 2,961,480) Favourable step	€ 3,127,455 Equity 2025: € 3,127,455 ▲ 4% vs 2024 (€ 3,006,721) Favourable step	▲ 4%
Total debts	€ 5,063,645 Total debts 2022: € 5,063,645 First fiscal year in the series	€ 4,709,166 Total debts 2023: € 4,709,166 ▼ 7% vs 2022 (€ 5,063,645) Favourable step	€ 5,005,446 Total debts 2024: € 5,005,446 ▲ 6% vs 2023 (€ 4,709,166) Unfavourable step	€ 4,461,132 Total debts 2025: € 4,461,132 ▼ 11% vs 2024 (€ 5,005,446) Favourable step	▼ 11%
Cash	€ 386,359 Cash 2022: € 386,359 First fiscal year in the series	€ 313,799 Cash 2023: € 313,799 ▼ 19% vs 2022 (€ 386,359) Unfavourable step	€ 291,728 Cash 2024: € 291,728 ▼ 7% vs 2023 (€ 313,799) Unfavourable step	€ 255,301 Cash 2025: € 255,301 ▼ 12% vs 2024 (€ 291,728) Unfavourable step	▼ 12%
Land & buildings	€ 3,359,160 Land & buildings 2022: € 3,359,160 First fiscal year in the series	€ 3,200,701 Land & buildings 2023: € 3,200,701 ▼ 5% vs 2022 (€ 3,359,160) Unchanged	€ 3,186,736 Land & buildings 2024: € 3,186,736 Unchanged (€ 3,200,701) Unchanged	€ 2,976,696 Land & buildings 2025: € 2,976,696 ▼ 7% vs 2024 (€ 3,186,736) Unchanged	▼ 7%
Retained profit	€ 2,155,167 Retained profit 2022: € 2,155,167 First fiscal year in the series	€ 2,305,480 Retained profit 2023: € 2,305,480 ▲ 7% vs 2022 (€ 2,155,167) Favourable step	€ 2,350,721 Retained profit 2024: € 2,350,721 ▲ 2% vs 2023 (€ 2,305,480) Favourable step	€ 2,471,455 Retained profit 2025: € 2,471,455 ▲ 5% vs 2024 (€ 2,350,721) Favourable step	▲ 5%
Dividend	€ 1,750,000 Dividend 2022: € 1,750,000 First fiscal year in the series	€ 1,600,000 Dividend 2023: € 1,600,000 ▼ 9% vs 2022 (€ 1,750,000) Unchanged	€ 1,400,000 Dividend 2024: € 1,400,000 ▼ 12% vs 2023 (€ 1,600,000) Unchanged	€ 1,000,000 Dividend 2025: € 1,000,000 ▼ 29% vs 2024 (€ 1,400,000) Unchanged	▼ 29%
Bank debt	€ 1,716,000 Bank debt 2022: € 1,716,000 First fiscal year in the series	€ 1,560,000 Bank debt 2023: € 1,560,000 ▼ 9% vs 2022 (€ 1,716,000) Favourable step	€ 1,404,000 Bank debt 2024: € 1,404,000 ▼ 10% vs 2023 (€ 1,560,000) Favourable step	€ 1,248,000 Bank debt 2025: € 1,248,000 ▼ 11% vs 2024 (€ 1,404,000) Favourable step	▼ 11%
Balance sheet total	€ 8,170,569 Balance sheet total 2022: € 8,170,569 First fiscal year in the series	€ 7,956,768 Balance sheet total 2023: € 7,956,768 ▼ 3% vs 2022 (€ 8,170,569) Unchanged	€ 8,048,652 Balance sheet total 2024: € 8,048,652 ▲ 1% vs 2023 (€ 7,956,768) Unchanged	€ 7,615,436 Balance sheet total 2025: € 7,615,436 ▼ 5% vs 2024 (€ 8,048,652) Unchanged	▼ 5%
Employees (FTE)	31.5 Employees (FTE) 2022: 31.5 First fiscal year in the series	34.9 Employees (FTE) 2023: 34.9 ▲ 3.4 vs 2022 (31.5) Unchanged	35.5 Employees (FTE) 2024: 35.5 ▲ 0.6 vs 2023 (34.9) Unchanged	36.8 Employees (FTE) 2025: 36.8 ▲ 1.3 vs 2024 (35.5) Unchanged	▲ 1.3

Key figures of ACO PASSAVANT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to ACO PASSAVANT?

What happened at ACO PASSAVANT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 François Desebbe stepped down as director. NBB
2028 Nico De Broyer stepped down as director. NBB
Jul 31, 2026 New annual accounts for financial year 2025: profit of € 1.1 million (▼ 22% vs 2024). Source: NBB ↗
2024 François Desebbe became a director. NBB
2022 Nico De Broyer became a director. NBB
Jan 1, 1967 New establishment in Merchtem. KBO
Feb 19, 1966 Start of the company according to the CBE. KBO

In short

From € 1.8 million profit in 2022 to € 1.1 million profit in 2025.

Paid € 2.2 million in corporate taxes since 2022.

Best year ever: 2022, with € 1.8 million profit.

Paid out € 5.8 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Severin Ahlman Holding 100%

Hans Julius Ahlman 0%

ACO PASSAVANT

The shares are held by Severin Ahlman Holding (100%) and Hans Julius Ahlman (0%).

Directors

According to the 2025 annual accounts

François Desebbe

Director

since 2024 · until 2030

Nico De Broyer

Director

since 2022 · until 2028

Shareholders

Severin Ahlman Holding

100%

Hans Julius Ahlman

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Preenakker 6

1785 Merchtem

2.001.172.554

Preenakker 8

1785 Merchtem

Active since 1 January 1967

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS aco.be

Canonical: https://www.aco.be/

Technologies

ApacheCookie ConsentD3.jsGoogle Tag ManagerPHPTYPO3Yoast SEO

Hosting & Email

Email provider

Self-hosted

Hosting

HETZNER-AS, DE

Website info

HTTPS Ja

Languages FR, NL

Features

Webshop Client portal Ads

Security

✓ HTTPS

✓ SPF

✓ DMARC

Details

Company number

0403.184.458

VAT number

BE 0403.184.458

Registered office

Preenakker 6, 1785 Merchtem

Names & denominations

ACO PASSAVANT

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

19 February 1966

Peppol

Active · Active since 17 Dec 2025

Contact

aco.be

Activities · NACE

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View on CBE Public ↗ Annual accounts (NBB) ↗

ACO PASSAVANT

Financials

What happened to ACO PASSAVANT?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Website

Technologies

Hosting & Email

Website info

Features

Security

Details

Frequently asked questions