Financials
Financial year 2025
Passion4Excellence from Brugge, company number BE0834170801, closed financial year 2025 with a result of € 486,887 after tax. For that financial year Passion4Excellence recorded a gross margin of € 308,585 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 1.6 million to € 486,887. 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 June 15, 2026.
€ 2.8 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 486,887
▼ 70% vs 2024
Profit after tax over the fiscal year.
€ 40,923
▼ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 134,880 paid out
28 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 16,224
▲ € 12,739 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6,966
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 233,508
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 239,542 | € 276,840 | € 317,002 | € 308,585 | ▼ 3% |
| Profit after taxes | € 123,982 | € 211,680 | € 1,643,823 | € 486,887 | ▼ 70% |
| Equity | € 795,190 | € 854,018 | € 2,400,091 | € 2,752,098 | ▲ 15% |
| Total debts | € 76,644 | € 91,653 | € 244,067 | € 243,329 | |
| Cash | € 414,795 | € 175,992 | € 153,792 | € 40,923 | ▼ 73% |
| Retained profit | € 788,990 | € 847,818 | € 2,393,891 | € 2,745,898 | ▲ 15% |
| Dividend | € 0 | € 152,852 | € 97,750 | € 134,880 | ▲ 38% |
| Balance sheet total | € 871,834 | € 945,672 | € 2,644,158 | € 2,995,428 | ▲ 13% |
Key figures of Passion4Excellence, 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 Passion4Excellence?
What happened at Passion4Excellence in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 486,887 (▼ 70% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Paul RYCKAERT became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 123,982 profit in 2022 to € 486,887 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.6 million profit.
Paid out € 385,482 in dividends to the owners in total.
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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 Passion4Excellence is Paul RYCKAERT. Paul RYCKAERT is also behind XENICS.
Directors
According to the 2025 annual accounts
since 2011
Establishments
Establishment units
Physical locations of this company
Torhoutse Steenweg 501
8200 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0834.170.801
- VAT number
- BE 0834.170.801
- Registered office
- Torhoutse Steenweg 501, 8200 Brugge
- Names & denominations
- Passion4Excellence
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 2011
- Peppol
- Active · Active since 28 Jul 2024
- Activities · NACE
Activiteiten van hoofdkantoren