BENNAETS Pascal
ActiveSummary
BENNAETS Pascal has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €303,860 and a net result of €59,370. Equity has been growing by about 48% per year since 2019. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-04-2019 Normal situation
- Activity
- “La gestion d’un portefeuille d’assurances,d’un ou plusieurs bureaux de courtage en assurance.” (deed in French)From the articles, 5 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.288.725.688 4100 Seraing, since 29-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €103,258
- ▲ 7.3%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €59,370
- ▲ 3.1%
- Equity
- €303,860
- ▲ 24.3%
- Total assets
- €348,619
- ▲ 11.7%
Score breakdownraises risk2 of the last 3 accounts lateFounded in 2019lowers riskSize: total assets €348,619No main activity registeredShow the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 42% on liquidity, 73% on profitability and 79% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 35 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 7 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 2% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,205 | - | - | €1,919 |
| Depreciation and write-downs of the year | €17,042 | €12,846 | €12,875 | €12,090 | €12,232 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €59,125 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,868 | €16,949 | €17,042 | €12,846 | €12,875 | €12,090 | €12,232 | ▲ 1.2% |
| Other operating charges640/8 | - | - | €747 | €911 | €802 | €782 | €6,246 | ▲ 699% |
| Gross operating margin9900 | €50,046 | €48,264 | €60,928 | €154,945 | €86,092 | €96,262 | €103,258 | ▲ 7.3% |
| Operating profit (loss)9901 | €32,616 | €30,312 | €43,139 | €82,062 | €72,415 | €83,390 | €84,779 | ▲ 1.7% |
| Financial income75/76B | - | - | €5 | €1 | €1 | €0 | €4 | ▲ 201× |
| Recurring financial income75 | €0 | €1 | €5 | €1 | €1 | €0 | €4 | ▲ 201× |
| Financial charges65/66B | - | - | €1,643 | €1,385 | €1,690 | €933 | €1,118 | ▲ 19.8% |
| Recurring financial charges65 | €1,587 | €1,828 | €1,643 | €1,385 | €1,690 | €933 | €1,118 | ▲ 19.8% |
| Profit (loss) for the period before taxes9903 | €31,029 | €28,485 | €41,501 | €80,679 | €70,726 | €82,457 | €83,665 | ▲ 1.5% |
| Income taxes67/77 | €6,799 | €8,026 | €12,297 | €23,675 | €20,931 | €24,858 | €24,296 | ▼ 2.3% |
| Profit (loss) for the period9904 | €24,230 | €20,459 | €29,204 | €57,004 | €49,795 | €57,598 | €59,370 | ▲ 3.1% |
| Profit (loss) for the period to be appropriated9905 | €24,230 | €20,459 | €29,204 | €57,004 | €49,795 | €57,598 | €59,370 | ▲ 3.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €124,074 | €135,151 | €160,422 | €221,262 | €267,184 | €312,234 | €348,619 | ▲ 11.7% |
| Formation expenses20 | €3,757 | €2,818 | €1,879 | €939 | €1,287 | €1,027 | €767 | ▼ 25.3% |
| Fixed assets21/28 | €77,621 | €62,134 | €46,032 | €35,330 | €23,407 | €11,577 | €1,523 | ▼ 86.8% |
| Intangible fixed assets21 | €68,571 | €57,143 | €45,714 | €34,286 | €22,857 | €11,429 | - | - |
| Tangible fixed assets22/27 | €9,000 | €4,942 | €267 | €994 | €500 | €98 | €1,473 | ▲ 15× |
| Furniture and vehicles24 | - | - | €267 | €994 | €500 | €98 | €1,473 | ▲ 15× |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €42,696 | €70,199 | €112,512 | €184,992 | €242,490 | €299,630 | €346,329 | ▲ 15.6% |
| Amounts receivable after more than one year29 | - | - | €59,729 | €95,510 | €165,741 | €165,741 | €165,741 | = |
| Other amounts receivable291 | - | - | €59,729 | €95,510 | €165,741 | €165,741 | €165,741 | = |
| Amounts receivable within one year40/41 | €9,743 | €70,012 | €51,961 | €89,197 | €74,657 | €123,152 | €172,570 | ▲ 40.1% |
| Trade receivables40 | - | - | €12,002 | €11,377 | €15,955 | €16,374 | €16,646 | ▲ 1.7% |
| Other amounts receivable41 | - | - | €39,959 | €77,821 | €58,702 | €106,778 | €155,924 | ▲ 46.0% |
| Cash at bank and in hand54/58 | €32,724 | €7 | €0 | €53 | €1,094 | €9,833 | €6,992 | ▼ 28.9% |
| Deferred charges and accrued income490/1 | - | - | €822 | €232 | €997 | €904 | €1,026 | ▲ 13.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €124,074 | €135,151 | €160,422 | €221,262 | €267,184 | €312,234 | €348,619 | ▲ 11.7% |
| Equity10/15 | €30,430 | €50,889 | €80,093 | €137,097 | €186,892 | €244,490 | €303,860 | ▲ 24.3% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €20,459 | €49,664 | €106,668 | €156,462 | €214,060 | €273,430 | ▲ 27.7% |
| Distributable reserves133 | - | - | €49,664 | €106,668 | €156,462 | €214,060 | €273,430 | ▲ 27.7% |
| Profit (loss) carried forward14 | €24,230 | €24,230 | €24,230 | €24,230 | €24,230 | €24,230 | €24,230 | = |
| Amounts payable17/49 | €93,644 | €84,262 | €80,329 | €84,164 | €80,292 | €67,744 | €44,760 | ▼ 33.9% |
| Amounts payable after more than one year17 | €66,604 | €53,888 | €42,631 | €32,072 | €21,257 | €7,192 | - | - |
| Financial debts170/4 | - | - | €42,631 | €32,072 | €21,257 | €7,192 | - | - |
| Amounts payable within one year42/48 | €27,040 | €30,225 | €37,698 | €51,942 | €58,885 | €60,551 | €44,760 | ▼ 26.1% |
| Current portion of amounts payable after more than one year42 | - | - | €12,182 | €11,507 | €9,844 | €12,098 | €13,944 | ▲ 15.3% |
| Financial debts43 | - | - | €640 | - | - | - | - | - |
| Credit institutions430/8 | - | - | €640 | - | - | - | - | - |
| Trade debts44 | €1,899 | €1,779 | €12,579 | €8,570 | €1,779 | €2,664 | €1,663 | ▼ 37.6% |
| Suppliers440/4 | - | - | €12,579 | €8,570 | €1,779 | €2,664 | €1,663 | ▼ 37.6% |
| Taxes, remuneration and social security45 | - | - | €12,297 | €31,865 | €47,262 | €45,790 | €29,153 | ▼ 36.3% |
| Taxes450/3 | - | - | €12,297 | €29,365 | €44,762 | €45,790 | €29,153 | ▼ 36.3% |
| Remuneration and social security454/9 | - | - | - | €2,500 | €2,500 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €150 | €150 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,230 | €20,459 | €29,204 | €57,004 | €49,795 | €57,598 | €59,370 | ▲ 3.1% |
| + Depreciation and write-downs630 | €16,868 | €16,949 | €17,042 | €12,846 | €12,875 | €12,090 | €12,232 | ▲ 1.2% |
| Operating cash flow (approximation) | €41,098 | €37,409 | €46,246 | €69,850 | €62,670 | €69,689 | €71,602 | ▲ 2.7% |
| Investment in fixed assets (approximation) | - | -€1,462 | -€939 | -€2,145 | -€952 | -€260 | -€2,179 | ▼ 738% |
| Change in cash | - | -€32,717 | -€7 | €52 | €1,041 | €8,739 | -€2,842 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as BENNAETS Pascal has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BENNAETS Pascal itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for BENNAETS Pascal. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00346781 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00455019 | |
| 31-12-2023 | micro format | 20-09-2024 | 2024-00466167 | |
| 31-12-2022 | micro format | 27-09-2023 | 2023-00457495 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20316671 | |
| 31-12-2020 | micro format | 13-09-2021 | 2021-67100331 | |
| 31-12-2019 | micro format | 07-09-2020 | 2020-51700062 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 20-12-2023 Capital stated in the deed · 100 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Pascal BENNAETS |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, déduction faite des actions dont cession proposée”
Articles of association, deed of 20-12-2023 (in French)
Network & group
BENNAETS Pascal shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of BENNAETS Pascal. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-12
Gazette deed
Change of role: Pascal BENNAETS, from manager to directorCapital conversion · Reserve release · Amendment of the articles12 points ▸
- General meeting, “assemblée générale extraordinaire des associés, 4100 Seraing,Rue du Ruisseau 51” (deed in French)
- Other provision, “adaptation statuts au CSA et maintien forme, adapter les statuts” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible, compte de capitaux propres apports non appelés” (deed in French)
- Reserve release, “supprimer le compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Capital
- Power of attorney, Louis-Marie PONSGEN
- Power of attorney, Alessia SALERNO
- Director resignation, Pascal BENNAETS (manager)
- Director appointment, Pascal BENNAETS (director (not named in the articles))
- Director discharge, Pascal BENNAETS
- Registered office clause, “4100 Seraing,Rue du Ruisseau 51” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
5 activities
- La gestion d’un portefeuille d’assurances,d’un ou plusieurs bureaux de courtage en assurance.
- Elle peut se porter caution et donner toutes sûretés personnelles ou réelles en faveur de toute personne ou société liée ou non.
- Elle peut accomplir toutes opérations commerciales,industrielles ou financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet.
- Elle peut s’intéresser par toutes voies dans toutes sociétés,associations ou entreprises ayant un objet similaire ou connexe au sien ou susceptible de favoriser le développement de ses activités.
- La société peut être administrateur,gérant ou liquidateur.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62355B0600/00Y005 | Wallonia | 124 m² | 1 · 95 m² | - |