B.PASA
ActiveThe computed 12-month bankruptcy probability of B.PASA is 1.9% (moderate). The 2024 annual accounts show equity of €122k and a net result of €-51k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 18938 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-34
Solvency89▼-11
Growth52=
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 3.58 in 2023), and 40.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
59.9%
Return on assets
-24.8%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-12-2025, 137 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
137 d late
2023
55 d late
2022
97 d late
2021
153 d late
2020
170 d late
2019
112 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€122k▼ 29.3%
2023 · €173k
2018: €81k
2019: €94k
2020: €123k
2021: €157k
2022: €161k
2023: €173k
2018 → 2024
Total assets
€204k▼ 14.1%
2023 · €238k
2018: €131k
2019: €162k
2020: €170k
2021: €181k
2022: €181k
2023: €238k
2018 → 2024
Net result
€-51k
2023 · €12k
2018: €24k
2019: €13k
2020: €29k
2021: €34k
2022: €4k
2023: €12k
2018 → 2024
Working capital
€48k▼ 71.3%
2023 · €167k
2018: €72k
2019: €90k
2020: €117k
2021: €151k
2022: €153k
2023: €167k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€123k-€157k▲ 27.3%€161k▲ 2.8%€173k▲ 7.2%€122k▼ 29.3%
Operating result€29k-€42k▲ 45.5%€-1k€12k€-57k
Net result€29k-€34k▲ 16.6%€4k▼ 87.1%€12k▲ 168%€-51k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €57k after €12k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €204k
Fixed assets
€74k▲ 1,202%
Current assets
€130k▼ 44.1%
Equity and liabilities €204k
Equity
€122k▼ 29.3%
Debt
€82k▲ 26.2%
The debt ratio rises from 27.3% to 40.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-50k▼
2023 · €15k
Cash flow
€-44k▼
2023 · €15k
Solvency
59.9%▼
2023 · 72.7%
Current ratio
1.59▼
2023 · 3.58
Quick ratio
1.59▼
2023 · 3.58
Debt / equity
0.67▲
2023 · 0.37
ROE
-41.3%▼
2023 · 6.8%
ROA
-24.8%▼
2023 · 4.9%
Interest coverage
-209.53▼
2023 · 40.54
Debt
€82k▲
2023 · €65k
Debt ≤ 1 year
€82k▲
2023 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€238k€204k▼
Fixed assets21/28€6k€74k▲
Tangible fixed assets22/27€6k€74k▲
Plant, machinery and equipment23€0€8k▲
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€4k€65k▲
Current assets29/58€232k€130k▼
Amounts receivable within one year40/41€216k€114k▼
Trade receivables40€100k-
Other amounts receivable41€115k€114k▼
Cash at bank and in hand54/58€15k€14k▼
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€238k€204k▼
Equity10/15€173k€122k▼
Contributions10/11€6k€6k=
Reserves13€167k€167k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€165k€165k=
Profit (loss) carried forward14-€-51k
Amounts payable17/49€65k€82k▲
Amounts payable within one year42/48€65k€82k▲
Current portion of amounts payable after more than one year42€64€64=
Trade debts44€55k€5k▼
Suppliers440/4€55k€5k▼
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€9k€6k▼
Other amounts payable47/48€901€71k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€18k€-45k▼
Operating profit (loss)9901€12k€-57k▼
Financial income75/76B€6k€6k▼
Recurring financial income75€6k€6k▼
Financial charges65/66B€369€237▼
Recurring financial charges65€369€237▼
Profit (loss) for the period before taxes9903€18k€-51k▼
Income taxes67/77€6k-
Profit (loss) for the period9904€12k€-51k▼
Profit (loss) for the period to be appropriated9905€12k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-51k▼
Transfer to equity691/2€12k-
To other reserves6921€12k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 137 days late
2024
31-12
Financial
Weakest financial yearnet €-51k ▼533%
Net result drops to €-51k, the lowest in the series.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
05-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 97 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 170 days late
2021
31-12
Financial
Highest result since 2018net €34k ▲16.6%
Operating result €42k, net result €34k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 7.40
Current ratio from 3.52 to 7.40; short-term debt falls from €46k to €24k.
31-12
Financial
Equity above €150kEq €157k ▲27.3%
4 profitable years in a row build equity to €157k.
2020
31-12
Financial
Equity above €100kEq €123k ▲30.5%
3 profitable years in a row build equity to €123k.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 78 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ooievaarstraat 29000 GentGround area
75 m²
Building footprint
75 m²
Volume, LiDAR
634 m³
Parcel 44816K0650/00B002, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
B.PASA
since 20082.174.210.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0650/00B002 | Flanders | 75 m² | 1 · 75 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.174.210.755
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YAHKUB
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T.I.A. PROJECTS
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Ronse · Eq €122k
Het Verdronken Eiland
BE 0825.884.625
Deinze · Eq €123k
Of 13,838 companies in sector 56301 we hold annual accounts for 4,809. 3,489 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-10-2008
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
93293Sports, amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.