Guerman Pascal
ActiveSummary
The annual accounts of Guerman Pascal for fiscal year 2025 show a net loss of 79% of total assets and of 83% of the equity at the start of that year. The 2025 annual accounts show equity of €7k and a net result of €-37k. Equity is shrinking by ~19% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 24% of 3480 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-13
Solvency41▼-37
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.16 against 2.1 in 2024; short-term debt: 43.7% and cash: 4.8% of total assets), and 84.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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 2025Solvency, return and age of the figures
Solvency
15.8%
Return on assets
-78.8%
Age of the figures
9 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-37k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 3480 sector peers (2025).
NBB · sector comparisonPosition among 3480 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
23 d early
2023
15 d early
2022
37 d early
2021
34 d early
2020
24 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▼ 83.3%
2024 · €45k
2018: €54k
2019: €98k
2020: €91k
2021: €99k
2022: €68k
2023: €49k
2024: €45k
2018 → 2025
Total assets
€47k▼ 44.2%
2024 · €85k
2018: €114k
2019: €178k
2020: €151k
2021: €134k
2022: €123k
2023: €120k
2024: €85k
2018 → 2025
Net result
€-37k▼ 802%
2024 · €-4k
2018: €58k
2019: €61k
2020: €-7k
2021: €8k
2022: €-31k
2023: €-19k
2024: €-4k
2018 → 2025
Working capital
€-17k
2024 · €17k
2018: €37k
2019: €95k
2020: €86k
2021: €92k
2022: €59k
2023: €40k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€68k▼ 31.7%€49k▼ 28.0%€45k▼ 8.4%€7k▼ 83.3%
Operating result€14k-€-29k€-14k▲ 50.8%€-2k▲ 83.1%€-35k▼ 1,378%
Net result€8k-€-31k€-19k▲ 39.7%€-4k▲ 78.3%€-37k▼ 802%
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 €35k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€44k ▼ 16.6%
Current assets
€3k ▼ 89.7%
Equity and liabilities €47k
Equity
€7k ▼ 83.3%
Debt
€40k ▼ 0.5%
Debt's share of the balance-sheet total rises from 47.2% to 84.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-27k▼
2024 · €-156
Cash flow
€-28k▼
2024 · €-2k
Current ratio
0.16▼
2024 · 2.10
Debt to equity
5.31▲
2024 · 0.89
ROE
-497.3%▼
2024 · -9.2%
ROA
-78.8%▼
2024 · -4.9%
Interest coverage
-14.86▼
2024 · -0.12
Debt ≤ 1 year
€21k▲
2024 · €15k
Debt > 1 year
€19k▼
2024 · €24k
Income taxes
€141▼
2024 · €409
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€85k€47k▼
Fixed assets21/28€53k€44k▼
Tangible fixed assets22/27€53k€44k▼
Land and buildings22€19k€17k▼
Furniture and vehicles24€34k€27k▼
Current assets29/58€32k€3k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40€1k€735▼
Other amounts receivable41€1k€310▼
Cash at bank and in hand54/58€30k€2k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€85k€47k▼
Equity10/15€45k€7k▼
Contributions10/11€12k€12k=
Reserves13€87k€87k=
Distributable reserves133€87k€87k=
Profit (loss) carried forward14€-55k€-92k▼
Amounts payable17/49€40k€40k▼
Amounts payable after more than one year17€24k€19k▼
Financial debts170/4€24k€19k▼
Amounts payable within one year42/48€15k€21k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€844€550▼
Taxes450/3€844€550▼
Other amounts payable47/48€6k€7k▲
Accrued charges and deferred income492/3€243€458▲
Income statement
Code20242025
Non-recurring operating income76A€6k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€9k▲
Other operating charges640/8€1k€481▼
Non-recurring operating charges66A€0-
Gross operating margin9900€884€-26k▼
Operating profit (loss)9901€-2k€-35k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-4k€-37k▼
Income taxes67/77€409€141▼
Profit (loss) for the period9904€-4k€-37k▼
Profit (loss) for the period to be appropriated9905€-4k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-92k▼
Profit (loss) brought forward from the previous period14P€-50k€-55k▼
The notes to these accounts (7 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €61k ▲4.4%
Operating result €99k, net result €61k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Zaventem · 1 establishment unit since 2014
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.
Prinsenjacht 151933 ZaventemGround area
388 m²
Building footprint
71 m²
Volume, LiDAR
6 m³
Parcel 23082E0162/00M000, Flanders · tallest building 2.3 m. Linked by address, not a title deed.
1 establishment unit
Guerman Pascal
since 20142.229.160.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23082E0162/00M000 | Flanders | 388 m² | 1 · 71 m² | 2.3 m |
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.
Similar companies · same sector, comparable size
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ROCK EVENTS
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Strike A Score
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SHIELMARTIN
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Gent · Eq €6,538
Of 886 companies in sector 74991 we hold annual accounts for 317. 153 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
74991Agents and managers of artists, athletes and other public figures
93199Other sports activities
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.