GEPASSO
ActiveGEPASSO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €-28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 16424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+23
Solvency16▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.07 in 2024; short-term debt: 15.4% and cash: 2.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
-8.6%
Return on assets
-6.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-39k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
29 d late
2023
13 d late
2022
29 d late
2021
29 d late
2020
31 d late
2019
52 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-39k▼ 270%
2024 · €-11k
2018: €42k
2019: €37k
2020: €56k
2021: €65k
2022: €80k
2023: €50k
2024: €-11k
2018 → 2025
Total assets
€451k▼ 12.1%
2024 · €513k
2018: €96k
2019: €92k
2020: €88k
2021: €81k
2022: €102k
2023: €605k
2024: €513k
2018 → 2025
Net result
€-28k▲ 53.2%
2024 · €-61k
2018: €814
2019: €-5k
2020: €18k
2021: €9k
2022: €15k
2023: €-29k
2024: €-61k
2018 → 2025
Working capital
€-59k▲ 15.3%
2024 · €-70k
2018: €-32k
2019: €-50k
2020: €-26k
2021: €-5k
2022: €21k
2023: €-29k
2024: €-70k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€80k▲ 23.4%€50k▼ 37.0%€-11k€-39k▼ 270%
Operating result€11k-€21k▲ 102%€-22k€-43k▼ 95.3%€-11k▲ 73.6%
Net result€9k-€15k▲ 67.4%€-29k€-61k▼ 106%€-28k▲ 53.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €43k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €451k
Fixed assets
€441k▼ 13.1%
Current assets
€10k▲ 85.1%
Key figures and ratios
EBITDA
€55k▲
2024 · €23k
Cash flow
€38k▲
2024 · €5k
Solvency
-8.6%▼
2024 · -2.1%
Current ratio
0.15▲
2024 · 0.07
Quick ratio
0.15▲
2024 · 0.07
Debt / equity
-12.56▲
2024 · -49.63
ROA
-6.3%▲
2024 · -11.9%
Interest coverage
3.22▲
2024 · 1.29
Debt
€490k▼
2024 · €524k
Debt ≤ 1 year
€69k▼
2024 · €76k
Debt > 1 year
€421k▼
2024 · €448k
Staff costs
€59k▲
2024 · €49k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€513k€451k▼
Fixed assets21/28€508k€441k▼
Tangible fixed assets22/27€508k€441k▼
Land and buildings22€488k€428k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€14k€9k▼
Current assets29/58€5k€10k▲
Amounts receivable within one year40/41€107-
Trade receivables40€107-
Cash at bank and in hand54/58€4k€10k▲
Deferred charges and accrued income490/1€1k€169▼
Equity and liabilities
Total equity and liabilities10/49€513k€451k▼
Equity10/15€-11k€-39k▼
Contributions10/11€6k€6k=
Reserves13€17k€17k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-33k€-62k▼
Amounts payable17/49€524k€490k▼
Amounts payable after more than one year17€448k€421k▼
Financial debts170/4€448k€421k▼
Amounts payable within one year42/48€76k€69k▼
Current portion of amounts payable after more than one year42€26k€27k▲
Trade debts44€815€1k▲
Suppliers440/4€815€1k▲
Taxes, remuneration and social security45€8k€14k▲
Taxes450/3€388€764▲
Remuneration and social security454/9€7k€13k▲
Other amounts payable47/48€41k€27k▼
Income statement
Code20242025
Remuneration, social security and pensions62€49k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€67k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€75k€117k▲
Operating profit (loss)9901€-43k€-11k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€18k€17k▼
Recurring financial charges65€18k€17k▼
Profit (loss) for the period before taxes9903€-61k€-28k▲
Profit (loss) for the period9904€-61k€-28k▲
Profit (loss) for the period to be appropriated9905€-61k€-28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-62k▼
Profit (loss) brought forward from the previous period14P€27k€-33k▼
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
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 1.94
Current ratio from 0.67 to 1.94.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hasselt · 1 establishment unit since 1996
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.
Maastrichtersteenweg 1193500 HasseltGround area
507 m²
Building footprint
159 m²
Volume, LiDAR
1,791 m³
Parcel 71328D0085/00Z009, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Maastrichtersteenweg 119, 3500 Hasselt
since 19962.078.326.651
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0085/00Z009 | Flanders | 507 m² | 1 · 159 m² | 13.7 m · 4 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.
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FLANI
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Of 16,621 companies in sector 86220 we hold annual accounts for 7,972. 5,053 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-1996
Fiscal year end31-12
Activities, NACEBEL
85120
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.