PAS A PAS
ActiveSummary
PAS A PAS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€39,747) and a net result of -€30,508. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 531 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-13
Solvency0▼-6
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.84 in 2024; short-term debt: 314.5% and cash: 64.6% of total assets), and equity is negative.
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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 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← 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
-214.5%
Return on assets
-164.7%
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 · 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 -€39,747
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
26 d late
2023
90 d late
2022
49 d early
2021
25 d early
2020
44 d early
2019
123 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
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. Usually files around 25 August (4 of the last 5 filed years within 66 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€39,747▼ 330%
2024 · -€9,239
Total assets
€18,527▼ 62.5%
2024 · €49,431
Net result
-€30,508▼ 1,223%
2024 · -€2,306
Working capital
-€40,260▼ 349%
2024 · -€8,965
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,615▼ 91.6%€3,200▲ 98.1%-€1,592-€2,553▼ 60.3%-€30,126▼ 1,080%
Net result-€3,815below the sector's middle half€2,730within the sector's middle half-€2,195within the sector's middle half-€2,306below the sector's middle half▼ 5.0%-€30,508below the sector's middle half▼ 1,223%
Equity-€7,468below the sector's middle half▼ 104%-€4,738below the sector's middle half▲ 36.6%-€6,933below the sector's middle half▼ 46.3%-€9,239below the sector's middle half▼ 33.3%-€39,747below the sector's middle half▼ 330%
Total assets€33,095below the sector's middle half▲ 7.5%€40,876below the sector's middle half▲ 23.5%€55,464below the sector's middle half▲ 35.7%€49,431below the sector's middle half▼ 10.9%€18,527below the sector's middle half▼ 62.5%
Debt€40,563▲ 17.8%€45,614▲ 12.5%€62,398▲ 36.8%€58,669▼ 6.0%€58,274▼ 0.7%
Working capital-€7,774below the sector's middle half▼ 31.6%-€119within the sector's middle half▲ 98.5%-€6,675within the sector's middle half▼ 5,504%-€8,965below the sector's middle half▼ 34.3%-€40,260below the sector's middle half▼ 349%
Solvency-22.6%below the sector's middle half▼ 10.7pp-11.6%below the sector's middle half▲ 11.0pp-12.5%below the sector's middle half▼ 0.9pp-18.7%below the sector's middle half▼ 6.2pp-214.5%below the sector's middle half▼ 195.8pp
Current ratio0.80below the sector's middle half▼ 0.021.00within the sector's middle half▲ 0.190.89below the sector's middle half▼ 0.110.84below the sector's middle half▼ 0.050.31below the sector's middle half▼ 0.54
Return on assets (ROA)-11.5%below the sector's middle half▼ 67.0pp6.7%within the sector's middle half▲ 18.2pp-4.0%below the sector's middle half▼ 10.6pp-4.7%below the sector's middle half▼ 0.7pp-164.7%below the sector's middle half▼ 160.0pp
Staff (FTE)2.7▲ 17.4%2.5▼ 7.4%2.7▲ 8.0%4.1▲ 51.9%3.2▼ 22.0%
above
within
below
the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings.
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 €30,126 in 2025 against €2,553 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 €18,527
Fixed assets
€513 ▼ 27.4%
Current assets
€18,014 ▼ 63.0%
Key figures and ratios
EBITDA
-€29,933▼
2024 · -€2,359
Cash flow
-€30,315▼
2024 · -€2,112
Debt to equity
-1.47▲
2024 · -6.35
Interest coverage
-55.23▼
2024 · -5.00
Debt ≤ 1 year
€58,274▲
2024 · €57,689
Income taxes
€68▼
2024 · €130
Staff costs
€160,301▼
2024 · €161,841
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €137 | - | - | - | - |
| Remuneration, social security and pensions62 | €73,920 | €78,894 | €109,812 | €161,841 | €160,301 | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,133 | €1,041 | €148 | €194 | €193 | ▼ 0.3% |
| Other operating charges640/8 | €2,460 | €2,402 | €703 | €594 | €213 | ▼ 64.2% |
| Gross operating margin9900 | €79,128 | €85,537 | €109,071 | €160,076 | €130,581 | ▼ 18.4% |
| Operating profit (loss)9901 | €1,615 | €3,200 | -€1,592 | -€2,553 | -€30,126 | ▼ 1,080% |
| Financial income75/76B | - | - | €162 | €849 | €228 | ▼ 73.1% |
| Recurring financial income75 | - | - | €162 | €849 | €228 | ▼ 73.1% |
| Financial charges65/66B | €5,283 | €470 | €431 | €472 | €542 | ▲ 14.9% |
| Recurring financial charges65 | €411 | €470 | €431 | €472 | €542 | ▲ 14.9% |
| Non-recurring financial charges66B | €4,872 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€3,668 | €2,730 | -€1,861 | -€2,175 | -€30,440 | ▼ 1,299% |
| Income taxes67/77 | €147 | - | €334 | €130 | €68 | ▼ 47.8% |
| Profit (loss) for the period9904 | -€3,815 | €2,730 | -€2,195 | -€2,306 | -€30,508 | ▼ 1,223% |
| Profit (loss) for the period to be appropriated9905 | -€3,815 | €2,730 | -€2,195 | -€2,306 | -€30,508 | ▼ 1,223% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,095 | €40,876 | €55,464 | €49,431 | €18,527 | ▼ 62.5% |
| Fixed assets21/28 | €1,121 | €80 | €900 | €706 | €513 | ▼ 27.4% |
| Tangible fixed assets22/27 | €1,121 | €80 | €900 | €706 | €513 | ▼ 27.4% |
| Furniture and vehicles24 | €364 | - | €900 | €706 | €513 | ▼ 27.4% |
| Other tangible fixed assets26 | €757 | €80 | - | - | - | - |
| Current assets29/58 | €31,974 | €40,796 | €54,565 | €48,724 | €18,014 | ▼ 63.0% |
| Amounts receivable within one year40/41 | - | - | €3,318 | €5,175 | €5,998 | ▲ 15.9% |
| Trade receivables40 | - | - | - | - | €500 | - |
| Other amounts receivable41 | - | - | €3,318 | €5,175 | €5,498 | ▲ 6.2% |
| Cash at bank and in hand54/58 | €31,584 | €40,586 | €51,017 | €43,505 | €11,972 | ▼ 72.5% |
| Deferred charges and accrued income490/1 | €391 | €211 | €230 | €44 | €44 | ▼ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,095 | €40,876 | €55,464 | €49,431 | €18,527 | ▼ 62.5% |
| Equity10/15 | -€7,468 | -€4,738 | -€6,933 | -€9,239 | -€39,747 | ▼ 330% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €561 | €561 | €561 | €561 | €561 | = |
| Non-distributable reserves130/1 | €561 | €561 | - | - | - | - |
| Legal reserve130 | €561 | €561 | - | - | - | - |
| Distributable reserves133 | - | - | €561 | €561 | €561 | = |
| Profit (loss) carried forward14 | -€14,229 | -€11,499 | -€13,694 | -€16,000 | -€46,508 | ▼ 191% |
| Amounts payable17/49 | €40,563 | €45,614 | €62,398 | €58,669 | €58,274 | ▼ 0.7% |
| Amounts payable within one year42/48 | €39,748 | €40,915 | €61,240 | €57,689 | €58,274 | ▲ 1.0% |
| Trade debts44 | €1,735 | €2,392 | €16,793 | €8,078 | €4,909 | ▼ 39.2% |
| Suppliers440/4 | €1,735 | €2,392 | €16,793 | €8,078 | €4,909 | ▼ 39.2% |
| Advances received on contracts in progress46 | - | - | - | €327 | - | - |
| Taxes, remuneration and social security45 | €13,983 | €15,323 | €18,322 | €25,538 | €25,250 | ▼ 1.1% |
| Taxes450/3 | - | - | €285 | €312 | €95 | ▼ 69.6% |
| Remuneration and social security454/9 | €13,983 | €15,323 | €18,036 | €25,226 | €25,155 | ▼ 0.3% |
| Other amounts payable47/48 | €24,030 | €23,200 | €26,125 | €23,746 | €28,115 | ▲ 18.4% |
| Accrued charges and deferred income492/3 | €815 | €4,699 | €1,158 | €980 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,815 | €2,730 | -€2,195 | -€2,306 | -€30,508 | ▼ 1,223% |
| + Depreciation and write-downs630 | €1,133 | €1,041 | €148 | €194 | €193 | ▼ 0.3% |
| Operating cash flow (approximation) | -€2,682 | €3,771 | -€2,047 | -€2,112 | -€30,315 | ▼ 1,335% |
| Investment in fixed assets (approximation) | - | €0 | -€968 | €0 | €0 | - |
| Change in cash | - | €9,002 | €10,432 | -€7,512 | -€31,533 | ▼ 320% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet -€30,508
Net result drops to -€30,508, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2,730
Net result €2,730 after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €17,081 ▲733%
Operating result €19,276, net result €17,081, both a record.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
31-12
Financial
Back to profitnet €2,050
Net result €2,050 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Sint-Pieters-Woluwe · 1 establishment unit since 2011
Ground area
447 m²
Building footprint
204 m²
Volume, LiDAR
1,526 m³
Parcel 21683D0025/00L002, Brussels · tallest building 13.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
PAS A PAS
since 20112.197.059.205
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0025/00L002 | Brussels | 447 m² | 1 · 204 m² | 13.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2024 to 2025 · 2 entries · 11,623 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 1 | 3,800 EUR |
| 2024 | 1 | 7,823 EUR |
Budget allocations
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Pieters-Woluwe2.197.059.205
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Of 1,588 companies in sector 88911 we hold annual accounts for 709. 213 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
88911Day nurseries and crèches
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833563659
Also
9925:BE0833563659
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.