Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 215.7 to 190.1.
Financials
Financial year 2025
PASSION WORKS! from Nieuwerkerken (Limb.), company number BE0563882180, closed financial year 2025 with a result of € 732,983 after tax. For that financial year PASSION WORKS! recorded revenue of € 13.8 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 698,327 to € 732,983. Profitable, and profit is growing. 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 27, 2026.
€ 3.3 million
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 732,983
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 2.4 million
▲ € 1.9 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.2 million.
People and assets in 2025
190.1
▼ 3.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12.2 million
▲ 11% vs 2024
€ 64,400 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.
€ 29,588
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 128,361
▼ 20% vs 2024
€ 34,061 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 336,171
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 106 days on average.
€ 1.4 million
▲ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 12,712,892 | € 12,572,532 | € 13,810,014 | ▲ 10% |
| Gross margin | € 9,713,305 | - | - | - | |
| Profit after taxes | € 726,904 | € 897,454 | € 698,327 | € 732,983 | ▲ 5% |
| Equity | € 1,439,711 | € 2,037,164 | € 2,585,491 | € 3,318,474 | ▲ 28% |
| Total debts | € 1,616,822 | € 2,018,242 | € 1,569,595 | € 1,868,061 | ▲ 19% |
| Cash | € 949,501 | € 1,320,227 | € 520,847 | € 2,440,343 | ▲ € 1.9 million |
| Retained profit | € 1,289,711 | € 1,887,164 | € 2,435,491 | € 3,168,474 | ▲ 30% |
| Dividend | € 1,150,000 | € 300,000 | € 150,000 | € 0 | ▼ 100% |
| Bank debt | € 420,453 | € 188,600 | € 159,603 | € 128,361 | ▼ 20% |
| Balance sheet total | € 3,056,533 | € 4,055,406 | € 4,155,086 | € 5,186,535 | ▲ 25% |
| Employees (FTE) | 192.4 | 215.7 | 193.8 | 190.1 | ▼ 3.7 |
Key figures of PASSION WORKS!, 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 PASSION WORKS!?
What happened at PASSION WORKS! in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 732,983 (▲ 5% vs 2024). Source: NBB ↗
- New establishment in Sint-Truiden. KBO
- New establishment in Beringen. KBO
- New establishment in Alken. KBO
- New establishment in Diepenbeek. KBO
- New establishment in Herk-de-Stad. KBO
- Perdix BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 726,904 profit in 2022 to € 732,983 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 897,454 profit.
On average € 50,500 of value added per employee in 2022.
Management
The stake of PERDIX, LOONBEHEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PASSION WORKS!Behind PASSION WORKS! is Perdix BV. The shares are held by PERDIX (30%) and LOONBEHEER (20%).
Directors
According to the 2025 annual accounts
since 2014
Shareholders
30%
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kerkstraat 81
3850 Nieuwerkerken (Limb.)
Varkensmarkt 25
3590 Diepenbeek
Active since 1 November 2016
Pater Vanwingplein 1 box 2
3540 Herk-de-Stad
Active since 1 December 2014
Industrieterrein Kolmen 1085
3570 Alken
Active since 14 May 2018
Koerselsesteenweg 44A
3580 Beringen
Active since 1 November 2021
Zoutstraat 25
3800 Sint-Truiden
Active since 1 January 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
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Features
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Details
- Company number
- 0563.882.180
- VAT number
- BE 0563.882.180
- Registered office
- Kerkstraat 81, 3850 Nieuwerkerken (Limb.)
- Names & denominations
- PASSION WORKS!
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 2014
- Peppol
- Active · Active since 5 Oct 2025
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