Partners With Passion
Partners With Passion is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €3.55M and a net result of €606k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 1415 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €3.55M |
| Net result | €606k |
| Better than sector | 55% |
| Active | 4 yrs |
Strong profile, led by stability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.2% | 37.4% | |
| Net result | €606k | €45k | |
| Equity | €3.55M | €365k | |
| Gross operating margin | €125k | €65k | |
| Total assets | €8.43M | €1.41M |
Show 2 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €606k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | €5k |
| Dividends | - |
| Total assets | €8.43M |
| Equity | €3.55M |
| Debt | €4.87M |
| of which ≤ 1y | €2.07M |
| of which > 1y | €2.81M |
| Working capital | n/a |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 42.2% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | 7.2% |
| ROE | 17.1% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
Full annual accounts (23 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €8.43M |
| Fixed assets | 21/28 | €8.13M |
| Formation expenses | 20 | €79k |
| Financial fixed assets | 28 | €8.13M |
| Current assets | 29/58 | €223k |
| Amounts receivable within one year | 40/41 | €82k |
| Cash & bank | 54/58 | €140k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.43M |
| Equity | 10/15 | €3.55M |
| Contributions / capital | 10/11 | €1.00M |
| Reserves | 13 | €2.55M |
| Amounts payable | 17/49 | €4.87M |
| Amounts payable after one year | 17 | €2.81M |
| Amounts payable within one year | 42/48 | €2.07M |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €125k |
| Operating result | 9901 | €88k |
| Financial income | 75 | €590k |
| Financial charges | 65 | €68k |
| Result before taxes | 9903 | €611k |
| Income taxes | 67/77 | €5k |
| Net result for the period | 9904 | €606k |
| Result to be appropriated | 9905 | €606k |
-
Creoleon BVLegal entityDirector· perm. rep.: VANDERMARLIERE MichelState Gazette act 26038311 (17-03-2026)Current13-02-2026 → present
-
Walco BVLegal entityDirector· perm. rep.: Wouter BalcaenState Gazette act 26038311 (17-03-2026)Current13-02-2026 → present
| NACE primary | Activiteiten van holdings(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 16-12-2021 |
| Status | Active |
| Postal code | 8790 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71063B0261/00B002 | Flanders | 1,315 m² | 1 · 195 m² | 8.1 m · 2 fl. |
| 34040C0351/00P003 | Flanders | 1,224 m² | 1 · 540 m² | 14.3 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
17-03-2026 2 directors appointed
- VANDERMARLIERE Michel, Bestuurder
- Wouter Balcaen, Bestuurder
Technical details
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"events": [
{
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"person": {
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"name": "VANDERMARLIERE Michel",
"address": null,
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},
"via_org": {
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"name": "Creoleon BV",
"address": null,
"country": null,
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},
"effective_date": "2026-02-13",
"evidence_quote": "De vergadering van de Vennootschap besluit: - Creoleon BV, vast vertegenwoordigd door VANDERMARLIERE Michel, ... te benoemen als bestuurders van de Vennootschap met ingang vanaf 13 februari 2026."
},
{
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},
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"evidence_quote": "De vergadering van de Vennootschap besluit: ... - Walco BV, vast vertegenwoordigd door Wouter Balcaen te benoemen als bestuurders van de Vennootschap met ingang vanaf 13 februari 2026."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0778.722.532",
"name_full": "PARTNERS WITH PASSION",
"legal_form": "BV"
}
}20-12-2021 Incorporation of a new BV
Technical details
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"kind": "oprichting",
"seat": "Keerstraat 8, 3545 Zelem",
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"act_meta": {
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"founders": [
{
"org": {
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"name": "PHILLYNVEST"
},
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"share_class": "Ordinary",
"partner_role": null,
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{
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"name": "VANDENHENDE INVEST"
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},
{
"org": {
"kbo": "0774.917.459",
"name": "POOGHE CONSULTING"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": "0774.917.459",
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}
],
"capital_eur": 1000002,
"subject_company": {
"kbo": "0778.722.532",
"name_full": "Partners With Passion",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2021-12-16",
"post_incorporation_mandates": []
}| Legal nameNL | Partners With Passion |