PAS-PARTOE
ActiveSummary
PAS-PARTOE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.20M and a net result of €340k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-12
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 7.82 against 4.98 in 2024; short-term debt: 9.5% and cash: 12.2% of total assets), and 14.8% 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 · 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.2%
Return on assets
13.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
17 d early
2023
15 d early
2022
22 d early
2020
21 d early
2019
30 d early
2018
33 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.20M▲ 18.1%
2024 · €1.86M
2018: €373klowest value
2019: €377k▲ +1.0% vs 2018
2020: €445k▲ +18.1% vs 2019
2022: €1.29M
2023: €1.32M▲ +2.5% vs 2022
2024: €1.86M▲ +40.7% vs 2023
2025: €2.20M▲ +18.1% vs 2024highest value
2018 → 2025
Total assets
€2.58M▲ 6.9%
2024 · €2.41M
2018: €1.66Mlowest value
2019: €1.71M▲ +3.0% vs 2018
2020: €1.69M▼ -0.9% vs 2019
2022: €2.48M
2023: €2.21M▼ -11.0% vs 2022
2024: €2.41M▲ +9.2% vs 2023
2025: €2.58M▲ +6.9% vs 2024highest value
2018 → 2025
Net result
€340k▼ 38.5%
2024 · €554k
2018: €99k
2019: €14k▼ -86.0% vs 2018lowest value
2020: €68k▲ +392% vs 2019
2022: €844khighest value
2023: €32k▼ -96.2% vs 2022
2024: €554k▲ +1646% vs 2023
2025: €340k▼ -38.5% vs 2024
2018 → 2025
Working capital
€1.66M▲ 35.1%
2024 · €1.23M
2018: €-75klowest value
2019: €256k▲ +443% vs 2018
2020: €330k▲ +28.7% vs 2019
2022: €791k
2023: €832k▲ +5.1% vs 2022
2024: €1.23M▲ +48.1% vs 2023
2025: €1.66M▲ +35.1% vs 2024highest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€445k-€1.29M▲ 190%€1.32M▲ 2.5%€1.86M▲ 40.7%€2.20M▲ 18.1%
2020: €445klowest value
2022: €1.29M
2023: €1.32M▲ +2.5% vs 2022
2024: €1.86M▲ +40.7% vs 2023
2025: €2.20M▲ +18.1% vs 2024highest value
Operating result€122k-€1.21M▲ 891%€-32k€867k€492k▼ 43.3%
2020: €122k
2022: €1.21Mhighest value
2023: €-32k▼ -103% vs 2022lowest value
2024: €867k▲ +2827% vs 2023
2025: €492k▼ -43.3% vs 2024
Net result€68k-€844k▲ 1,134%€32k▼ 96.2%€554k▲ 1,646%€340k▼ 38.5%
2020: €68k
2022: €844khighest value
2023: €32k▼ -96.2% vs 2022lowest value
2024: €554k▲ +1646% vs 2023
2025: €340k▼ -38.5% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.58M
Fixed assets
€668k ▼ 23.0%
Current assets
€1.91M ▲ 23.8%
Equity and liabilities €2.58M
Equity
€2.20M ▲ 18.1%
Debt
€380k ▼ 30.9%
Debt's share of the balance-sheet total falls from 22.8% to 14.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€598k▼
2024 · €967k
Cash flow
€447k▼
2024 · €655k
Current ratio
7.82▲
2024 · 4.98
Quick ratio
6.52▲
2024 · 3.98
Debt to equity
0.17▼
2024 · 0.30
ROE
15.5%▼
2024 · 29.8%
ROA
13.2%▼
2024 · 23.0%
Interest coverage
47.86▲
2024 · 32.18
Debt ≤ 1 year
€244k▼
2024 · €309k
Debt > 1 year
€128k▼
2024 · €227k
Income taxes
€146k▼
2024 · €283k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.41M€2.58M▲
Fixed assets21/28€868k€668k▼
Tangible fixed assets22/27€867k€667k▼
Land and buildings22€723k€629k▼
Plant, machinery and equipment23€3k€818▼
Furniture and vehicles24€141k€37k▼
Financial fixed assets28€750€750=
Current assets29/58€1.54M€1.91M▲
Stocks and contracts in progress3€309k€318k▲
Stocks30/36€309k€318k▲
Amounts receivable within one year40/41€97k€723k▲
Trade receivables40€68k€723k▲
Other amounts receivable41€29k€24▼
Current investments50/53€402k€532k▲
Cash at bank and in hand54/58€708k€313k▼
Deferred charges and accrued income490/1€24k€20k▼
Equity and liabilities
Total equity and liabilities10/49€2.41M€2.58M▲
Equity10/15€1.86M€2.20M▲
Contributions10/11€20k€20k=
Reserves13€1.84M€2.17M▲
Tax-exempt reserves132€106k€106k=
Distributable reserves133€1.73M€2.07M▲
Amounts payable17/49€550k€380k▼
Amounts payable after more than one year17€227k€128k▼
Financial debts170/4€227k€128k▼
Amounts payable within one year42/48€309k€244k▼
Current portion of amounts payable after more than one year42€104k€98k▼
Trade debts44€148k€92k▼
Suppliers440/4€148k€92k▼
Taxes, remuneration and social security45€24k€49k▲
Taxes450/3€24k€49k▲
Other amounts payable47/48€35k€4k▼
Accrued charges and deferred income492/3€14k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€12k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101k€107k▲
Other operating charges640/8€21k€11k▼
Gross operating margin9900€988k€609k▼
Operating profit (loss)9901€867k€492k▼
Financial income75/76B€307€7k▲
Recurring financial income75€307€7k▲
Financial charges65/66B€30k€12k▼
Recurring financial charges65€30k€12k▼
Profit (loss) for the period before taxes9903€837k€486k▼
Income taxes67/77€283k€146k▼
Profit (loss) for the period9904€554k€340k▼
Profit (loss) for the period to be appropriated9905€554k€340k▼
Appropriation of the result
Profit (loss) to be appropriated9906€554k€340k▼
Transfer from equity791/2€56k€4k▼
Transfer to equity691/2€554k€340k▼
To other reserves6921€554k€340k▼
Profit to be distributed694/7€56k€4k▼
Return on contributions (dividend)694€56k€4k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €14k | €18k | €12k | €2k | ▼ 87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100k | €170k | €99k | €101k | €107k | ▲ 5.7% |
| Other operating charges640/8 | - | €16k | €10k | €21k | €11k | ▼ 48.1% |
| Gross operating margin9900 | €231k | €1.40M | €77k | €988k | €609k | ▼ 38.4% |
| Operating profit (loss)9901 | €122k | €1.21M | €-32k | €867k | €492k | ▼ 43.3% |
| Financial income75/76B | - | €13k | €88k | €307 | €7k | ▲ 2,285% |
| Recurring financial income75 | €414 | €13k | €88k | €307 | €7k | ▲ 2,285% |
| Financial charges65/66B | - | €39k | €19k | €30k | €12k | ▼ 58.4% |
| Recurring financial charges65 | €29k | €39k | €19k | €30k | €12k | ▼ 58.4% |
| Profit (loss) for the period before taxes9903 | €94k | €1.18M | €37k | €837k | €486k | ▼ 41.9% |
| Income taxes67/77 | €26k | €340k | €6k | €283k | €146k | ▼ 48.4% |
| Profit (loss) for the period9904 | €68k | €844k | €32k | €554k | €340k | ▼ 38.5% |
| Profit (loss) for the period to be appropriated9905 | €68k | €844k | €32k | €554k | €340k | ▼ 38.5% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.69M | €2.48M | €2.21M | €2.41M | €2.58M | ▲ 6.9% |
| Fixed assets21/28 | €1.08M | €931k | €833k | €868k | €668k | ▼ 23.0% |
| Tangible fixed assets22/27 | €1.08M | €931k | €832k | €867k | €667k | ▼ 23.1% |
| Land and buildings22 | - | €912k | €818k | €723k | €629k | ▼ 13.0% |
| Plant, machinery and equipment23 | - | €7k | €5k | €3k | €818 | ▼ 70.0% |
| Furniture and vehicles24 | - | €11k | €9k | €141k | €37k | ▼ 73.5% |
| Financial fixed assets28 | €750 | €750 | €750 | €750 | €750 | = |
| Current assets29/58 | €611k | €1.55M | €1.37M | €1.54M | €1.91M | ▲ 23.8% |
| Stocks and contracts in progress3 | €248k | €325k | €273k | €309k | €318k | ▲ 3.1% |
| Stocks30/36 | - | €325k | €273k | €309k | €318k | ▲ 3.1% |
| Amounts receivable within one year40/41 | €21k | €34k | €191k | €97k | €723k | ▲ 645% |
| Trade receivables40 | - | €27k | €59k | €68k | €723k | ▲ 968% |
| Other amounts receivable41 | - | €7k | €132k | €29k | €24 | ▼ 99.9% |
| Current investments50/53 | - | €283k | €543k | €402k | €532k | ▲ 32.3% |
| Cash at bank and in hand54/58 | €328k | €93k | €351k | €708k | €313k | ▼ 55.8% |
| Deferred charges and accrued income490/1 | - | €813k | €15k | €24k | €20k | ▼ 17.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.69M | €2.48M | €2.21M | €2.41M | €2.58M | ▲ 6.9% |
| Equity10/15 | €445k | €1.29M | €1.32M | €1.86M | €2.20M | ▲ 18.1% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Outside capital11 | - | €20k | - | - | - | - |
| Other1109/19 | - | €20k | - | - | - | - |
| Reserves13 | €427k | €1.27M | €1.30M | €1.84M | €2.17M | ▲ 18.3% |
| Tax-exempt reserves132 | - | €106k | €106k | €106k | €106k | = |
| Distributable reserves133 | - | €1.16M | €1.19M | €1.73M | €2.07M | ▲ 19.4% |
| Amounts payable17/49 | €1.25M | €1.19M | €884k | €550k | €380k | ▼ 30.9% |
| Amounts payable after more than one year17 | €643k | €431k | €330k | €227k | €128k | ▼ 43.4% |
| Financial debts170/4 | - | €431k | €330k | €227k | €128k | ▼ 43.4% |
| Amounts payable within one year42/48 | €281k | €756k | €541k | €309k | €244k | ▼ 21.2% |
| Current portion of amounts payable after more than one year42 | - | €97k | €100k | €104k | €98k | ▼ 5.1% |
| Financial debts43 | - | €43k | €15k | - | - | - |
| Credit institutions430/8 | - | €43k | €15k | - | - | - |
| Trade debts44 | €86k | €370k | €176k | €148k | €92k | ▼ 37.4% |
| Suppliers440/4 | - | €370k | €176k | €148k | €92k | ▼ 37.4% |
| Taxes, remuneration and social security45 | - | €228k | €237k | €24k | €49k | ▲ 108% |
| Taxes450/3 | - | €228k | €228k | €24k | €49k | ▲ 108% |
| Remuneration and social security454/9 | - | - | €9k | - | - | - |
| Other amounts payable47/48 | - | €18k | €13k | €35k | €4k | ▼ 89.1% |
| Accrued charges and deferred income492/3 | - | €3k | €13k | €14k | €8k | ▼ 44.4% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €844k | €32k | €554k | €340k | ▼ 38.5% |
| + Depreciation and write-downs630 | €100k | €170k | €99k | €101k | €107k | ▲ 5.7% |
| Operating cash flow (approximation) | €168k | €1.01M | €130k | €655k | €447k | ▼ 31.7% |
| Investment in fixed assets (approximation) | - | - | €0 | €-136k | €93k | ▲ 169% |
| Change in cash | - | - | €259k | €357k | €-395k | ▼ 211% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Equity above €2MEq €2.20M ▲18.1%
7 profitable years in a row build equity to €2.20M.
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2018net €844k ▲1,134%
Operating result €1.21M, net result €844k, both a record.
30-06
Financial
Equity above €1MEq €1.29M ▲190%
4 profitable years in a row build equity to €1.29M.
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €14k ▼86%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 1.95
Current ratio from 0.84 to 1.95; short-term debt falls from €474k to €271k.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Willebroek · 1 establishment unit since 1994
Ground area
414 m²
Building footprint
404 m²
Volume, LiDAR
4,005 m³
Parcel 12013B0037/00A000, Flanders · tallest building 31.4 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
PAS-PARTOE
since 19942.067.956.163
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12013B0037/00A000 | Flanders | 414 m² | 1 · 404 m² | 31.4 m · 3 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.
Similar companies · same sector, comparable size
B.S.D. Trade
BE 0830.070.174
Mechelen · Eq €2.19M
CODERA
BE 0416.664.785
Waregem · Eq €2.21M
H.G.R. VERBEELEN EN CIE
BE 0439.714.658
Antwerpen · Eq €2.26M
DOMINIQUE RIGO
BE 0414.244.339
Ukkel · Eq €2.12M
GLASFABRIEKEN VAN BRABANT
BE 0402.717.769
Gent · Eq €2.28M
Of 679 companies in sector 46494 we hold annual accounts for 530. 317 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
Founded20-06-1994
Fiscal year end30-06
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.