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P.A.S.

Active Public limited companyfounded 1993active for 33 yearsLege Hellesemweg 14, 9520 Sint-Lievens-HoutemKBO/BCE: BE 0449.725.652 #4 oldest company in Sint-Lievens-Houtem, Professional and technical services sector

Lifetime

20 annual accounts with figures on one time axis, 31 filings since 1994
peak €149,876 (2020)
€82,860▼ 29.5%
lowest -€137,541 (2019)
€4,096▼ 84.7%
peak €218,899 (2026)
€218,899▲ 1.9%
€389,911▼ 12.9%
Board6 names since 2020
Documentsfilings and deeds
30-09-202631 days before the deadline
2026abbreviated format
Gross margin from €117,456 to €82,860Result from €26,706 to €4,096Cash from €28,139 to €62,017

Key points

from the 2026 annual accounts

Turnover

≈ €180,000 estimated

The accounts state no turnover.

Liquidity

0.65 was 1.05 in 2025

Short-term debts rose from €223,046 to €328,198.

Filings

31 annual accounts since 1994
deadline200020102020

The last five annual accounts were filed 3 to 55 days before the end of the period.

Checked score

91
Excellent
Financially stronger than 30% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%▼ -0.1 percentage points vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Average

61+4equity 36.0% of total assets
35-6short-term debt 53.9% · cash 10.2%
63+16return on assets 0.7%

Score breakdown

lowers risk
Size: total assets €608,810
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Figures for financial year 2026 (filed on 01-10-2026)
Legal form: public limited company
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 (NACE 71, micro). It does better than 35% of them on solvency, 16% on liquidity, 26% on profitability and 44% on growth.

The bankruptcy probability was computed on 10-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-03-2026.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as P.A.S. has now. Each dot stands for 37 companies, two years later.

96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of P.A.S. itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 14,766 companies, not a prediction for P.A.S.. 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.

Credit verdict

Credit of up to €19,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.65 (1.05 in 2025), below 1. Short-term debt is 53.9% and cash 10.2% of total assets. 64% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Size: total assets €608,810
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
lowers risk · Figures for financial year 2026 (filed on 01-10-2026)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-09-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
31 days early
2025
3 days early
2024
55 days early
2023
26 days early
2022
14 days early
2021
24 days early
2020
26 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 5 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VD
Director, since 26-12-2023
VD
Director, since 26-12-2023
VD
Director, since 26-12-2023
  • VAN DEN BERGHE Guido Germain Sylvaindeed of 19-01-2024
  • LINGIER Veerle Maria Clementina Augustadeed of 19-01-2024
  • VAN DEN BERGHE Steven Emiliaan Marcel Yvonnadeed of 19-01-2024
and 2 other shareholders

Shares in 1 company, Destelbergen

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0449725652
2 directors appointed, 5 reappointments Reappointments: VAN DEN BERGHE Guido Germain Sylvain, LINGIER Veerle Maria Clementina Augusta, VAN DEN BERGHE Steven Emiliaan Marcel Yvonna, VAN DEN BERGHE Astrid Juliette Oscar and VAN DEN BERGHE Pieter Peter Robert Anita · Appointments: VAN DEN BERGHE Guido Germain Sylvain (managing director) and LINGIER Veerle Maria Clementina Augusta (managing director) · VAN DEN BERGHE Guido Germain Sylvain is a shareholder · General meeting of 28-12-2023 · Gazette deed
Resignation: Sapco BV (director) Permanent representative: Guido Van Den Berghe · General meeting of 08-09-2020 · Gazette deed
First establishment Lege Hellesemweg 14, Sint-Lievens-Houtem
All 47 events

Comparable companies

same main activity, similar in size and age
Company
P.A.S. Sint-Lievens-Houtem €608,810 €82,860 36.0% -
DECORUM Temse €602,172 €80,031 67.1% -
TRANSFORMATION, DECORATION, TECHNIQUES SPECIALES ET NOUVELLES Linkebeek €557,940 €103,848 35.8% -
CO.TWEE Antwerp €703,879 €92,146 37.0% -
GO - 4 - IT Leuven €551,124 €93,273 79.4% -
DEMEULEMEESTER Wevelgem €480,732 €92,713 60.3% -
A.D.M. Interieur & Design Roeselare €532,726 €115,131 30.1% -

These companies have the same main activity as P.A.S.: activities of interior architects (NACE 71112). They are comparable in size and age: total assets between €481,000 and €704,000, founded between 1990 and 1999.

Official details

Source: KBO
Status
Active since 29-03-1993Normal situation
Activity
Activities of interior architectsNACE 71112
Establishment unit
2.062.797.4469520 Sint-Lievens-Houtem, since 12-07-1993
Financial year end
31 March
Peppol
Reachable since 16-07-2025
Company details

Annual accounts to 31-03-2026

€608,810▼ 8.1%
Filing
Filed on 30-09-2026, 31 days before the end of the filing period
Financials

Insights on P.A.S.

P.A.S. files the abbreviated format. That format states no turnover. The gross margin fell from €127,132 in 2007 to €82,860 in 2026.

The balance sheet grew most in 2018 through fixed assets, financed with long-term debt.

In January 2024, the Official Gazette published the appointment of LINGIER Veerle Maria Clementina Augusta as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about P.A.S.

What is the company number of P.A.S.?
The company number of P.A.S. is 0449.725.652. The VAT number is the same number with BE in front: BE 0449.725.652.
Where is P.A.S. based?
The registered office is at Lege Hellesemweg 14, 9520 Sint-Lievens-Houtem.Company details
What does P.A.S. do?
According to the KBO register, the main activity is activities of interior architects (NACE 71112).
What is the legal form of P.A.S.?
P.A.S. is a public limited company (NV).
When was P.A.S. founded?
P.A.S. was founded on 29-03-1993.
Is P.A.S. still active?
Yes, P.A.S. is an active enterprise in the KBO register.
What is the turnover of P.A.S.?
The turnover in financial year 2026 is ≈ €180,000. This figure is estimated from the gross margin of €82,860 and 62 comparable companies (NACE 711). It probably lies between €140,000 and €270,000.Financials
Is P.A.S. profitable?
In financial year 2026, P.A.S. made a profit of €4,096.
Where can I find the annual accounts of P.A.S.?
P.A.S. filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of P.A.S. due?
P.A.S. must file the annual accounts for financial year 2027 by 31-10-2027.Timeline

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