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Pas.Co

Active
Private limited companyfounded 200521 yrs activeBoelare 61, 9900 Eeklo, BelgiumKBO/BCE: BE 0872.174.609
Summary

The annual accounts of Pas.Co for fiscal year 2025 show a net loss of 79% of total assets and of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €420k and a net result of €-561k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 903 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
59 / 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-70
Solvency84▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days 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 ample (current ratio 1.88 against 2.29 in 2024; short-term debt: 38.4% and cash: 69.8% of total assets), and 40.6% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four 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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
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 2025
Solvency, return and age of the figures
Solvency
59.4%
Return on assets
-79.4%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
34 d early
2023
8 d early
2022
24 d early
2021
67 d early
2020
31 d early
2019
28 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity
€420k▼ 57.2%
2024 · €981k
2018: €379klowest in 8 years 2019: €484k▲ +27.9% vs 2018 2020: €675k▲ +39.3% vs 2019 2021: €862k▲ +27.8% vs 2020 2022: €933k▲ +8.2% vs 2021 2023: €967k▲ +3.7% vs 2022 2024: €981k▲ +1.5% vs 2023highest in 8 years 2025: €420k▼ -57.2% vs 2024
2018 → 2025
Total assets
€707k▼ 55.4%
2024 · €1.59M
2018: €744k 2019: €732k▼ -1.6% vs 2018 2020: €936k▲ +27.8% vs 2019 2021: €1.15M▲ +22.5% vs 2020 2022: €1.19M▲ +3.9% vs 2021 2023: €1.12M▼ -6.4% vs 2022 2024: €1.59M▲ +42.3% vs 2023highest in 8 years 2025: €707k▼ -55.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€-561k
2024 · €15k
2018: €135k 2019: €125k▼ -7.1% vs 2018 2020: €210k▲ +67.7% vs 2019highest in 8 years 2021: €207k▼ -1.5% vs 2020 2022: €90k▼ -56.4% vs 2021 2023: €34k▼ -62.0% vs 2022 2024: €15k▼ -57.5% vs 2023 2025: €-561k▼ -3948% vs 2024lowest in 8 years
2018 → 2025
Working capital
€238k▼ 69.5%
2024 · €781k
2018: €26klowest in 8 years 2019: €167k▲ +531% vs 2018 2020: €471k▲ +183% vs 2019 2021: €693k▲ +47.1% vs 2020 2022: €782k▲ +12.9% vs 2021highest in 8 years 2023: €759k▼ -3.0% vs 2022 2024: €781k▲ +2.8% vs 2023 2025: €238k▼ -69.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€862k-€933k▲ 8.2%€967k▲ 3.7%€981k▲ 1.5%€420k▼ 57.2% 2021: €862k 2022: €933k▲ +8.2% vs 2021 2023: €967k▲ +3.7% vs 2022 2024: €981k▲ +1.5% vs 2023highest in 5 years 2025: €420k▼ -57.2% vs 2024lowest in 5 years
Operating result€285k-€115k▼ 59.8%€49k▼ 56.9%€14k▼ 72.4%€-568k 2021: €285khighest in 5 years 2022: €115k▼ -59.8% vs 2021 2023: €49k▼ -56.9% vs 2022 2024: €14k▼ -72.4% vs 2023 2025: €-568k▼ -4263% vs 2024lowest in 5 years
Net result€207k-€90k▼ 56.4%€34k▼ 62.0%€15k▼ 57.5%€-561k 2021: €207khighest in 5 years 2022: €90k▼ -56.4% vs 2021 2023: €34k▼ -62.0% vs 2022 2024: €15k▼ -57.5% vs 2023 2025: €-561k▼ -3948% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-750k€-500k€-250k€0€250kOperating result 2021: €285k€285kNet result 2021: €207k€207kOperating result 2022: €115k€115kNet result 2022: €90k€90kOperating result 2023: €49k€49kNet result 2023: €34k€34kOperating result 2024: €14k€14kNet result 2024: €15k€15kOperating result 2025: €-568k€-568kNet result 2025: €-561k€-561k20212022202320242025€-600k€-400k€-200k€0Operating result 2023: €49k€49kNet result 2023: €34k€34kOperating result 2024: €14k€14kNet result 2024: €15k€15kOperating result 2025: €-568k€-568kNet result 2025: €-561k€-561k202320242025
The operating result turns negative in 2025: a loss of €568k after €14k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €707k
Fixed assets €198k ▼ 2.1%
Current assets €509k ▼ 63.2%
Equity and liabilities €707k
Equity €420k ▼ 57.2%
Debt €287k ▼ 52.6%
Debt's share of the balance-sheet total rises from 38.2% to 40.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€-558k▼
2024 · €24k
Cash flow
€-551k▼
2024 · €25k
Current ratio
1.88▼
2024 · 2.29
Debt to equity
0.68▲
2024 · 0.62
ROE
-133.5%▼
2024 · 1.5%
ROA
-79.4%▼
2024 · 0.9%
Interest coverage
-613.96▼
2024 · 35.88
Debt ≤ 1 year
€271k▼
2024 · €604k
Income taxes
€-54▼
2024 · €8k
Staff costs
€157k▲
2024 · €142k
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 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.59M€707k▼
Fixed assets21/28€202k€198k▼
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€36k€34k▼
Plant, machinery and equipment23-€960
Furniture and vehicles24€15k€15k▼
Other tangible fixed assets26€21k€17k▼
Financial fixed assets28€161k€161k=
Current assets29/58€1.38M€509k▼
Amounts receivable within one year40/41€12k€14k▲
Trade receivables40€12k€7k▼
Other amounts receivable41€60€7k▲
Cash at bank and in hand54/58€1.36M€494k▼
Deferred charges and accrued income490/1€7k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.59M€707k▼
Equity10/15€981k€420k▼
Contributions10/11€19k€19k=
Reserves13€434k€434k=
Distributable reserves133€434k€434k=
Profit (loss) carried forward14€529k€-32k▼
Amounts payable17/49€605k€287k▼
Amounts payable within one year42/48€604k€271k▼
Trade debts44€68k€226k▲
Suppliers440/4€68k€226k▲
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€8k€13k▲
Other amounts payable47/48€521k€24k▼
Accrued charges and deferred income492/3€1k€16k▲
Income statement Code20242025
Remuneration, social security and pensions62€142k€157k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€34k€-71k▼
Other operating charges640/8€27k€100k▲
Gross operating margin9900€227k€-371k▼
Operating profit (loss)9901€14k€-568k▼
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Financial charges65/66B€676€909▲
Recurring financial charges65€676€909▲
Profit (loss) for the period before taxes9903€22k€-561k▼
Income taxes67/77€8k€-54▼
Profit (loss) for the period9904€15k€-561k▼
Profit (loss) for the period to be appropriated9905€15k€-561k▼
Appropriation of the result
Profit (loss) to be appropriated9906€544k€-32k▼
Profit (loss) brought forward from the previous period14P€529k€529k=
Transfer to equity691/2€15k€0▼
To other reserves6921€15k€0▼
Social balance
Average headcount (FTE)90873.63.7▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Remuneration, social security and pensions62€71k€118k€135k€142k€157k▲ 11.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€19k€6k€11k€10k▼ 4.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€24k€0-€34k€-71k▼ 308%
Other operating charges640/8€6k€1k€2k€27k€100k▲ 270%
Gross operating margin9900€416k€253k€191k€227k€-371k▼ 263%
Operating profit (loss)9901€285k€115k€49k€14k€-568k▼ 4,263%
Financial income75/76B€1k€3k€4k€9k€8k▼ 16.4%
Recurring financial income75€1k€3k€4k€9k€8k▼ 16.4%
Financial charges65/66B€2k€502€845€676€909▲ 34.5%
Recurring financial charges65€2k€502€845€676€909▲ 34.5%
Profit (loss) for the period before taxes9903€284k€117k€52k€22k€-561k▼ 2,606%
Income taxes67/77€77k€27k€18k€8k€-54▼ 101%
Profit (loss) for the period9904€207k€90k€34k€15k€-561k▼ 3,948%
Profit (loss) for the period to be appropriated9905€207k€90k€34k€15k€-561k▼ 3,948%
Line20212022202320242025Change
Assets
Total assets20/58€1.15M€1.19M€1.12M€1.59M€707k▼ 55.4%
Fixed assets21/28€187k€169k€210k€202k€198k▼ 2.1%
Intangible fixed assets21€2k€2k€8k€5k€4k▼ 34.4%
Tangible fixed assets22/27€24k€7k€42k€36k€34k▼ 6.5%
Plant, machinery and equipment23€2k€0--€960-
Furniture and vehicles24€4k€3k€18k€15k€15k▼ 1.5%
Other tangible fixed assets26€18k€4k€24k€21k€17k▼ 15.0%
Financial fixed assets28€161k€161k€161k€161k€161k=
Current assets29/58€960k€1.02M€905k€1.38M€509k▼ 63.2%
Amounts receivable within one year40/41€145k€200k€51k€12k€14k▲ 12.2%
Trade receivables40€20k€33k€51k€12k€7k▼ 45.2%
Other amounts receivable41€125k€166k€0€60€7k▲ 11,893%
Cash at bank and in hand54/58€811k€803k€852k€1.36M€494k▼ 63.8%
Deferred charges and accrued income490/1€4k€20k€1k€7k€1k▼ 80.0%
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.19M€1.12M€1.59M€707k▼ 55.4%
Equity10/15€862k€933k€967k€981k€420k▼ 57.2%
Contributions10/11€19k€19k€19k€19k€19k=
Reserves13€314k€385k€419k€434k€434k=
Non-distributable reserves130/1€2k€2k€0---
Reserves not available under the articles1311€2k€2k€0---
Distributable reserves133€313k€383k€419k€434k€434k=
Profit (loss) carried forward14€529k€529k€529k€529k€-32k▼ 106%
Amounts payable17/49€285k€259k€148k€605k€287k▼ 52.6%
Amounts payable within one year42/48€267k€240k€145k€604k€271k▼ 55.1%
Trade debts44€128k€94k€61k€68k€226k▲ 232%
Suppliers440/4€128k€94k€61k€68k€226k▲ 232%
Taxes, remuneration and social security45€87k€86k€25k€14k€21k▲ 42.4%
Taxes450/3€81k€78k€13k€6k€7k▲ 15.4%
Remuneration and social security454/9€6k€7k€11k€8k€13k▲ 63.5%
Other amounts payable47/48€52k€60k€60k€521k€24k▼ 95.4%
Accrued charges and deferred income492/3€18k€19k€3k€1k€16k▲ 1,037%
Line20212022202320242025Change
Profit (loss) for the period9904€207k€90k€34k€15k€-561k▼ 3,948%
+ Depreciation and write-downs630€31k€19k€6k€11k€10k▼ 4.9%
Operating cash flow (approximation)€238k€109k€40k€25k€-551k▼ 2,289%
Investment in fixed assets (approximation)-€-1k€-47k€-2k€-6k▼ 155%
Change in cash-€-8k€50k€513k€-871k▼ 270%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet €-561k
Net result drops to €-561k, the lowest in the series.
27-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Highest result since 2018net €210k ▲67.7%
Net result €210k, the highest in the series.
31-12
Financial Equity above €500kEq €675k ▲39.3%
3 profitable years in a row build equity to €675k.
03-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-04
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Eeklo · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
428 m²
Building footprint
428 m²
Volume, LiDAR
2,511 m³
Parcel 43352E0257/00V000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
36Win
Boelare 61, 9900 EekloNACE 55401
since 20052.146.054.229
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43352E0257/00V000 Flanders 428 m² 1 · 428 m² 10.5 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Eeklo2.146.054.229
1 permission
Toelating · Eetgelegenheid · since 06-03-2015

Similar companies · same sector, comparable size

Of 298 companies in sector 93293 we hold annual accounts for 190. 146 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
Founded22-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
92000Gambling and betting activities
93293Sports, amusement and recreation activities
56111Full-service restaurants
56301Cafés and bars

Scores and ratios are computed by Checked and are not a credit decision.