PAS APRES PAS
ActivePAS APRES PAS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €-28k. Equity is growing by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 384 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (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
Profitability19▼-57
Solvency37▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.45 in 2024; short-term debt: 74.8% and cash: 17.2% of total assets), and 87.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
Sector 88
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
12.3%
Return on assets
-10%
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 384 sector peers (2025).
NBB · sector comparisonPosition among 384 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
30 d late
2022
25 d late
2021
29 d late
2020
5 d early
2019
3 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-28k
2024 · €17k
2018: €-31k
2019: €20k
2020: €53k
2021: €45k
2022: €37k
2023: €9k
2024: €17k
2018 → 2025
Working capital
€-6k
2024 · €64k
2018: €-19k
2019: €9k
2020: €50k
2021: €49k
2022: €77k
2023: €44k
2024: €64k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€37k▲ 6.1%€45k▲ 23.8%€62k▲ 36.9%€34k▼ 45.1%
Operating result€53k-€50k▼ 6.9%€13k▼ 74.4%€23k▲ 85.2%€-23k
Net result€45k-€37k▼ 17.0%€9k▼ 76.6%€17k▲ 92.1%€-28k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23k after €23k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278k
Fixed assets
€76k▼ 17.0%
Current assets
€202k▼ 2.6%
Equity and liabilities €278k
Equity
€34k▼ 45.1%
Debt
€244k▲ 2.9%
The debt ratio rises from 79.3% to 87.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▼
2024 · €57k
Cash flow
€4k▼
2024 · €50k
Solvency
12.3%▼
2024 · 20.7%
Current ratio
0.97▼
2024 · 1.45
Quick ratio
0.97▼
2024 · 1.45
Debt / equity
7.16▲
2024 · 3.82
ROE
-82.0%▼
2024 · 26.9%
ROA
-10.0%▼
2024 · 5.6%
Interest coverage
1.52▼
2024 · 11.06
Debt
€244k▲
2024 · €237k
Debt ≤ 1 year
€208k▲
2024 · €143k
Debt > 1 year
€33k▼
2024 · €68k
Income taxes
€139▼
2024 · €2k
Staff costs
€627k▲
2024 · €476k
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€299k€278k▼
Fixed assets21/28€92k€76k▼
Tangible fixed assets22/27€84k€69k▼
Furniture and vehicles24€5k€1k▼
Other tangible fixed assets26€79k€67k▼
Financial fixed assets28€8k€8k=
Current assets29/58€207k€202k▼
Amounts receivable within one year40/41€77k€86k▲
Trade receivables40€55k€77k▲
Other amounts receivable41€22k€9k▼
Cash at bank and in hand54/58€103k€48k▼
Deferred charges and accrued income490/1€28k€68k▲
Equity and liabilities
Total equity and liabilities10/49€299k€278k▼
Equity10/15€62k€34k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€42k€14k▼
Amounts payable17/49€237k€244k▲
Amounts payable after more than one year17€68k€33k▼
Other amounts payable178/9€68k€33k▼
Amounts payable within one year42/48€143k€208k▲
Trade debts44€84k€122k▲
Suppliers440/4€84k€122k▲
Taxes, remuneration and social security45€59k€86k▲
Taxes450/3-€139
Remuneration and social security454/9€59k€86k▲
Accrued charges and deferred income492/3€26k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€476k€627k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€32k▼
Other operating charges640/8€14k€10k▼
Gross operating margin9900€547k€646k▲
Operating profit (loss)9901€23k€-23k▼
Financial income75/76B€709€755▲
Recurring financial income75€709€755▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€19k€-28k▼
Income taxes67/77€2k€139▼
Profit (loss) for the period9904€17k€-28k▼
Profit (loss) for the period to be appropriated9905€17k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€14k▼
Profit (loss) brought forward from the previous period14P€25k€42k▲
Social balance
Average headcount (FTE)908719.018.9▼
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €53k ▲172%
Operating result €57k, net result €53k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 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, Stavelot · 5 establishment units since 2013
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.
Rue de Spa 157/C4970 StavelotGround area
2.3 ha
Building footprint
4,201 m²
Volume, LiDAR
35,580 m³
5 parcels, Wallonia · tallest building 33.8 m, ±9 floors. Linked by address, not a title deed.
5 establishment units
PAS APRES PAS
since 20132.221.021.569
LES P'TITS LOUPS D'GALOU
since 20142.246.282.547
A PAS DE POUSSINS
since 20152.244.419.355
A PAS DE LAPINS
since 20172.267.342.930
A pas d’Oursons
since 20232.349.233.793
5 parcels
Wallonia
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63059A0328/00N000 | Wallonia | 2.1 ha | 1 · 3,545 m² | 10.0 m · 2 fl. |
| 63027C0181/00E000 | Wallonia | 808 m² | 1 · 317 m² | 9.1 m · 2 fl. |
| 62805B0476/00E022 | Wallonia | 354 m² | 1 · 196 m² | 33.8 m · 9 fl. |
| 63027C0173/00T002 | Wallonia | 345 m² | 1 · 86 m² | 10.9 m · 3 fl. |
| 63036A0026/00K008indicative | Wallonia | 250 m² | 1 · 58 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
4 of 5 parcels 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 · 9 entries · 406,392 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 4 | 183,335 EUR |
| 2024 | 5 | 223,057 EUR |
Budget allocations
Sub. - PV : Crèches
Recognitions · licences · registrations
Food safety, FASFC
4 sitesLiège2.244.419.355
Stavelot2.246.282.547
Verviers2.267.342.930
Verviers2.349.233.793
Similar companies · same sector, comparable size
ELA
BE 0689.936.353
Antwerpen · Eq €34k
De Kangoeroetjes
BE 1003.834.588
Beerse · Eq €35k
Roodkapje
BE 1006.226.035
Antwerpen · Eq €35k
DE QUINTJES
BE 1018.314.611
Antwerpen · Eq €33k
KDV Kinderparadijs
BE 0765.201.722
Leuven · Eq €36k
Of 1,590 companies in sector 88911 we hold annual accounts for 706. 450 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2013
Fiscal year end31-12
Activities, NACEBEL
88911Day nurseries and crèches
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.