Financials
Financial year 2025
PASSION from Gent, company number BE0888094980, closed financial year 2025 with a result of € 18,563 after tax. For that financial year PASSION recorded a gross margin of € 278,427 and equity of € 124,697. Compared with financial year 2024, the result moved from € 31,365 to € 18,563. 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 February 4, 2026.
€ 124,697
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,563
▼ 41% vs 2024
Profit after tax over the fiscal year.
€ 133,296
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 13,355 paid out
72 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 240,758
▲ 2% 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.
Debts at end 2025
€ 11,332
▼ 21% vs 2024
Loans from banks and other lenders, long and short.
€ 27,831
▲ € 21,843 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,442
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 282,233 | € 277,404 | € 288,525 | € 278,427 | ▼ 3% |
| Profit after taxes | € 53,104 | € 26,801 | € 31,365 | € 18,563 | ▼ 41% |
| Equity | € 93,033 | € 119,835 | € 119,489 | € 124,697 | ▲ 4% |
| Total debts | € 96,496 | € 80,232 | € 88,334 | € 83,576 | ▼ 5% |
| Cash | € 150,019 | € 166,142 | € 172,763 | € 133,296 | ▼ 23% |
| Retained profit | € 80,633 | € 107,435 | € 107,089 | € 112,297 | ▲ 5% |
| Dividend | € 0 | € 0 | € 31,711 | € 13,355 | ▼ 58% |
| Bank debt | € 20,026 | € 17,167 | € 14,274 | € 11,332 | ▼ 21% |
| Balance sheet total | € 189,530 | € 200,066 | € 207,822 | € 208,273 |
Key figures of PASSION, 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 PASSION?
What happened at PASSION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,563 (▼ 41% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 53,104 profit in 2022 to € 18,563 profit in 2025.
Paid € 27,033 in corporate taxes since 2022.
Best year ever: 2022, with € 53,104 profit.
Paid out € 45,066 in dividends to the owners in total.
Management
Behind PASSION is Frank Nuttens.
Directors
According to the 2025 annual accounts
Frank Nuttens
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Emile Braunplein 1
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- NUTTENS Frank Jules Clara(aandeelhouder) 100%
Details
- Company number
- 0888.094.980
- VAT number
- BE 0888.094.980
- Registered office
- Emile Braunplein 1, 9000 Gent
- Names & denominations
- PASSION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 March 2007
- Peppol
- Active · Active since 26 Jan 2026
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