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 29.3 to 21.7.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
-
Busy address KBO
65 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PASEK BELGIË from Etterbeek, company number BE0720913797, closed financial year 2025 with a result of € 775,563 after tax. For that financial year PASEK BELGIË recorded a gross margin of € 3.5 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 1.3 million to € 775,563. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 1.1 million
▲ 78% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 775,563
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 610,856
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
39 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
21.7
▼ 4.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▼ 12% vs 2024
€ 103,600 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.
Debts at end 2025
€ 2.4 million
▲ 20% vs 2024
€ 24,272 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 792,071
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 269,337
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,324,599 | € 3,809,504 | € 4,584,950 | € 3,526,923 | ▼ 23% |
| Profit after taxes | € 36,186 | € 566,493 | € 1,293,071 | € 775,563 | ▼ 40% |
| Equity | € -186,352 | € 115,141 | € 608,212 | € 1,083,775 | ▲ 78% |
| Total debts | € 3,736,046 | € 3,296,045 | € 3,839,435 | € 3,440,919 | ▼ 10% |
| Cash | € 300,190 | € 275,749 | € 576,232 | € 610,856 | ▲ 6% |
| Retained profit | € -286,352 | € 15,141 | € 508,212 | € 983,775 | ▲ 94% |
| Dividend | € 0 | € 265,000 | € 800,000 | € 300,000 | ▼ 62% |
| Bank debt | € 1,994,515 | € 1,931,559 | € 1,974,806 | € 2,379,511 | ▲ 20% |
| Balance sheet total | € 3,549,694 | € 3,411,186 | € 4,447,647 | € 4,524,694 | ▲ 2% |
| Employees (FTE) | 23.2 | 29.3 | 26.1 | 21.7 | ▼ 4.4 |
Key figures of PASEK BELGIË, 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 PASEK BELGIË?
What happened at PASEK BELGIË in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 775,563 (▼ 40% vs 2024). Source: NBB ↗
- PASEK ESPANA S.A.U became a director. NBB
- Pablo Cuervo Arango Pire stepped down as director. NBB
- New establishment in Etterbeek. KBO
- New establishment in Gent. KBO
- Pablo Cuervo Arango Pire became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 36,186 profit in 2022 to € 775,563 profit in 2025.
Paid € 958,843 in corporate taxes since 2022.
Best year ever: 2024, with € 1.3 million profit.
On average € 162,500 of value added per employee in 2025.
A new publication or filing at PASEK BELGIË? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PASEK BELGIË is PASEK ESPANA S.A.U.
Directors
According to the 2025 annual accounts
PASEK ESPANA S.A.U
Director
since 2025
Pablo Cuervo Arango Pire
Director
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Sint-Michielslaan 65 box 6
1040 Etterbeek
John Kennedylaan 51 box 106
9042 Gent
Active since 1 April 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 65 companies are registered at this address.
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Hello Reno
+60 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0720.913.797
- VAT number
- BE 0720.913.797
- Registered office
- Sint-Michielslaan 65 bus 6, 1040 Etterbeek
- Names & denominations
- PASEK BELGIË
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 February 2019
- Peppol
- Active · Active since 5 Nov 2025
- Activities · NACE
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