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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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
PASIND from Gent, company number BE0477015019, closed financial year 2025 with a result of € 63,758 after tax. For that financial year PASIND recorded a gross margin of € 275,153 and equity of € 461,858. Compared with financial year 2024, the result moved from € 50,260 to € 63,758. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 16, 2026.
€ 461,858
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 63,758
▲ 27% vs 2024
Profit after tax over the fiscal year.
€ 81,912
▼ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 66,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 1.1 million
▼ 8% vs 2024
€ 100,780 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 20,166
▲ 131% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 178,555 | € 132,829 | € 152,740 | € 275,153 | ▲ 80% |
| Profit after taxes | € 82,068 | € 78,091 | € 50,260 | € 63,758 | ▲ 27% |
| Equity | € 465,365 | € 490,456 | € 464,100 | € 461,858 | |
| Total debts | € 37,867 | € 18,562 | € 1,198,027 | € 1,083,482 | ▼ 10% |
| Cash | € 259,951 | € 228,209 | € 146,352 | € 81,912 | ▼ 44% |
| Land & buildings | € 160,871 | € 263,269 | € 1,324,016 | € 1,292,138 | ▼ 2% |
| Retained profit | € 403,365 | € 428,456 | € 402,100 | € 399,858 | ▼ 1% |
| Dividend | € 114,000 | € 53,000 | € 76,616 | € 66,000 | ▼ 14% |
| Bank debt | € 19,061 | € 0 | € 1,147,843 | € 1,060,751 | ▼ 8% |
| Balance sheet total | € 503,231 | € 509,017 | € 1,662,126 | € 1,545,340 | ▼ 7% |
Key figures of PASIND, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PASIND?
What happened at PASIND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Koen De Vloed stepped down as director. NBB
- Jan De Vloed stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 63,758 (▲ 27% vs 2024). Source: NBB ↗
- Koen De Vloed became a director. NBB
- Jan De Vloed became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 82,068 profit in 2022 to € 63,758 profit in 2025.
Paid € 125,941 in corporate taxes since 2022.
Best year ever: 2022, with € 82,068 profit.
Paid out € 309,616 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Koen De Vloed
Managing director
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Burgstraat 118
9000 Gent
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.
Details
- Company number
- 0477.015.019
- VAT number
- BE 0477.015.019
- Registered office
- Burgstraat 118, 9000 Gent
- Names & denominations
- PASIND
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 March 2002
- Peppol
- Not registered