Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PASCO from Kortrijk, company number BE0845944225, closed financial year 2025 with a result of € -2,753 after tax. For that financial year PASCO recorded a gross margin of € 71,527 and equity of € 203,542. Compared with financial year 2024, the result moved from € -9,835 to € -2,753. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 203,542
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,753
▲ 72 % less loss than in 2024
Profit after tax over the fiscal year.
€ 31,515
▲ 115% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 191,142.
People and assets in 2025
€ 28,861
▲ 167% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 42,644
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 376,338
▲ 44% vs 2024
€ 36,430 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 4,510
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,451
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 67,908 | € 24,240 | € 42,397 | € 71,527 | ▲ 69% |
| Profit after taxes | € 27,240 | € -7,507 | € -9,835 | € -2,753 | ▲ € 7,081 |
| Equity | € 223,638 | € 216,130 | € 206,296 | € 203,542 | ▼ 1% |
| Total debts | € 327,895 | € 316,071 | € 392,078 | € 427,561 | ▲ 9% |
| Cash | € 42,165 | € 8,860 | € 14,687 | € 31,515 | ▲ 115% |
| Land & buildings | € 490,184 | € 511,374 | € 562,097 | € 540,480 | ▼ 4% |
| Retained profit | € 211,238 | € 203,730 | € 193,896 | € 191,142 | ▼ 1% |
| Bank debt | € 315,274 | € 288,702 | € 261,598 | € 376,338 | ▲ 44% |
| Balance sheet total | € 551,532 | € 532,201 | € 598,374 | € 631,104 | ▲ 5% |
Key figures of PASCO, 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 PASCO?
What happened at PASCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,753. Source: NBB ↗
- Sascha Vanschoubroeck became a director. NBB
- New establishment in Roeselare. KBO
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,240 profit in 2022 to € 2,753 loss in 2025.
Paid € 16,171 in corporate taxes since 2022.
Best year ever: 2022, with € 27,240 profit.
A new publication or filing at PASCO? 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 PASCO are Pascal Vandermersch and Sascha Vanschoubroeck.
Directors
According to the 2025 annual accounts
Pascal Vandermersch
Director
Sascha Vanschoubroeck
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Oude Ieperseweg(Heu) 86
8501 Kortrijk
Brugsesteenweg 381
8800 Roeselare
Active since 9 September 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0845.944.225
- VAT number
- BE 0845.944.225
- Registered office
- Oude Ieperseweg(Heu) 86, 8501 Kortrijk
- Names & denominations
- PASCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 2012
- Peppol
- Active · Active since 6 Mar 2025
- Activities · NACE
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