Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAAS FOOD INDUSTRIES from Maasmechelen, company number BE0468854250, closed financial year 2025 with a result of € -2.4 million after tax. For that financial year PAAS FOOD INDUSTRIES recorded revenue of € 36.6 million and equity of € -121,380. Compared with financial year 2024, the result moved from € -47,154 to € -2.4 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ -121,380
▼ € 2.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.4 million
▼ 4993 % more loss than in 2024
Profit after tax over the fiscal year.
€ 165,134
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
25.7
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▲ 17% vs 2024
€ 79,200 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.
€ 1.1 million
▲ € 969,324 vs 2024
Of which on lease € 982,641.
Debts at end 2025
€ 3.5 million
▲ 61% vs 2024
€ 331,650 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 4.6 million
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.
€ 612,299
▲ 62% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 36,289,728 | € 45,252,450 | € 34,281,432 | € 36,608,560 | ▲ 7% |
| Profit after taxes | € -646,758 | € 218,000 | € -47,154 | € -2,401,385 | ▼ € 2.4 million |
| Equity | € 1,898,365 | € 2,116,364 | € 2,287,294 | € -121,380 | ▼ € 2.4 million |
| Total debts | € 6,631,343 | € 6,864,556 | € 6,262,622 | € 9,242,298 | ▲ 48% |
| Cash | € 281,771 | € 799,658 | € 766,262 | € 165,134 | ▼ 78% |
| Land & buildings | € 2,582,931 | € 2,471,226 | € 2,362,703 | € 2,593,714 | ▲ 10% |
| Retained profit | € 829,765 | € 1,047,764 | € 1,000,610 | € -1,400,775 | ▼ € 2.4 million |
| Bank debt | € 2,448,028 | € 2,214,987 | € 2,141,988 | € 3,452,736 | ▲ 61% |
| Balance sheet total | € 8,529,707 | € 8,980,920 | € 8,549,917 | € 9,120,918 | ▲ 7% |
| Employees (FTE) | 23 | 22.2 | 25.1 | 25.7 | ▲ 0.6 |
Key figures of PAAS FOOD INDUSTRIES, 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 PAAS FOOD INDUSTRIES?
What happened at PAAS FOOD INDUSTRIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cresso BV stepped down as director. NBB
- Orkari BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.4 million. Source: NBB ↗
- Stefan Mathieu Paas stepped down as director. NBB
- Cresso BV became a director. NBB
- Stefan Mathieu Paas became a director. NBB
- Orkari BV became a director. NBB
- New establishment in Maasmechelen. KBO
In short
From € 646,758 loss in 2022 to € 2.4 million loss in 2025.
Paid € 87,903 in corporate taxes since 2022.
Best year ever: 2023, with € 218,000 profit.
Pays suppliers within 46 days on average.
Management
The shares are held by Capa Holding (100%).
Directors
According to the 2025 annual accounts
since 2025 · until 2026
Director · represented by Raymond Cretskens
Also active at: DISTRIVO, UNIC VOS, BUVA VLEESWAREN, Immobiliën Vos, CUVA VOEDING HOUTHALEN, VAWICO, CREJEN, JOSADIS +30 more
since 2025 · until 2031
Director · represented by Souleika Cretskens
Also active at: UNIC VOS, UNIC TRUDA MARKT, UNIC TRUDA LANDEN, CRELEM BAKERIES, ARILMART, DI NERO, BROODPUNT, ESPERANTO +2 more
since 2026 · until 2032
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Slakweidestraat(M) 20
3630 Maasmechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Mimecast
Hosting
COMBELL-AS, BE
Domain
Domain
paasfoodindustries.com
Registered
2002-08-27
Registrar
Key-Systems GmbH
Expires
2026-08-27
Website info
Features
Security
Details
- Company number
- 0468.854.250
- VAT number
- BE 0468.854.250
- Registered office
- Slakweidestraat(M) 20, 3630 Maasmechelen
- Names & denominations
- PAAS FOOD INDUSTRIES · PAAS F.I.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1999
- Peppol
- Active · Active since 16 Feb 2026
- Contact
- paasfoodindustries.com
- Activities · NACE
Vervaardiging van producten van vlees of van vlees van gevogelte
Cateringdiensten op contractbasis en overige diensten in verband met maaltijden
Catering
Overige eetgelegenheden
Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte