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PASA

Active
Private limited company (pre-2019)founded 1997active for 29 yearsSint-Willibrordusplein 25, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0461.152.054
Summary

PASA has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118,807 and a net result of -€15. Equity has been growing by about 6.7% per year since 2018. Its solvency ranks better than 86% of 16,961 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Official details

Source: KBO
Status
Active since 15-07-1997 Normal situation
Activity
Full-service restaurants NACE 56111and 1 other
Establishment unit
2.083.561.483 3550 Heusden-Zolder, since 01-10-1997
Financial year end
31 December
Peppol
Reachable since 25-08-2025

Board and ownership

Board
  • MIRZA LEVENTDirector · since 29-02-2016

Financial position

66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Annual accounts 2025
Gross margin
€26,168
▼ 24.7%
Turnover
≈ €130,000
estimated
Loss
€15
Equity
€118,807
=
Total assets
€163,874
▲ 2.7%
Staff
≈ 0.6 FTE
estimated
  • 2025 accounts filed 31 days after the deadline
Filed on 31-08-2026
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 31 days late; 2 of the last 3 accounts lateSize: total assets €163,874lowers riskFounded in 1997Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 51% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Strong
Solvency 97-2
equity 72.5% of total assets
Liquidity 45+3
short-term debt 27.5% · cash 4.9%
Profitability 55-9
return on assets 0.0%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,778 companies, NACE 56, micro)
Last 24 months 12-2024: 1.5% 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.4%▼ -0.1 percentage points vs 02-2025 04-2025: 1.5%▲ +0.1 percentage points vs 03-2025 05-2025: 1.4%▼ -0.1 percentage points vs 04-2025 06-2025: 1.4%● unchanged vs 05-2025 07-2025: 1.7%▲ +0.3 percentage points vs 06-2025 08-2025: 2.1%▲ +0.4 percentage points vs 07-2025 09-2025: 2.3%▲ +0.2 percentage points vs 08-2025 10-2025: 2.9%▲ +0.6 percentage points vs 09-2025 11-2025: 2.9%● unchanged vs 10-2025 12-2025: 3.4%▲ +0.5 percentage points vs 11-2025highest value 01-2026: 1.6%▼ -1.8 percentage points vs 12-2025 02-2026: 1.6%● unchanged vs 01-2026 03-2026: 1.6%● unchanged vs 02-2026 04-2026: 1.6%● unchanged vs 03-2026 05-2026: 1.6%● unchanged vs 04-2026 06-2026: 1.5%▼ -0.1 percentage points vs 05-2026 07-2026: 1.5%● unchanged vs 06-2026 08-2026: 2.0%▲ +0.5 percentage points vs 07-2026 09-2026: 1.1%▼ -0.9 percentage points vs 08-2026lowest value 10-2026: 1.1%● unchanged vs 09-2026lowest value 11-2026: 1.1%● unchanged vs 10-2026lowest value
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.19 (3.49 in 2024), above the usual 1.5. Short-term debt is 27.5% and cash 4.9% of total assets. 27.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 86% of them on solvency, 41% on liquidity, 38% on profitability and 40% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 1997
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €163,874
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
119 days late
2023
122 days early
2022
92 days late
2021
153 days late
2020
93 days early
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 39 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 October (4 of the last 5 accounts filed within 61 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 85% of companies in food and beverage servicesector median 29.6% · 16,961 companies 72.5% View

Recent changes

  1. · Gazette deed Resignation: Alkaya Mehtap (director)
  2. · Gazette deed Appointment: Balci Huseyin (director)
  3. · Gazette deed Incorporation
All 18 events

Comparable companies

These companies have the same main activity as PASA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €154,000 and €195,000, founded between 1993 and 1999.

CompanyTotal assetsGross margin
PASA Heusden-Zolder€163,874€26,168
't BAKHUISJE Beringen€176,058€24,507
'T KAPITTEL Tremelo€153,624€29,052
LA FONTAINE D'OR Sint-Genesius-Rode€168,560€31,427
SICRI Etterbeek€172,263€22,590
CABANELF Edegem€194,901€26,056
Conan Nieuwpoort€184,695€22,879
Full comparison

Key facts about PASA

What is the company number of PASA?
The company number of PASA is 0461.152.054. The VAT number is the same number with BE in front: BE 0461.152.054.
Where is PASA based?
The registered office is at Sint-Willibrordusplein 25, 3550 Heusden-Zolder.Company details
What does PASA do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of PASA?
The legal form of PASA is Private limited company (pre-2019) (BVBA).
When was PASA founded?
PASA was founded on 15-07-1997.
Is PASA still active?
Yes, PASA is an active enterprise in the KBO register.
What is the turnover of PASA?
The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €26,168 and 60 comparable companies (NACE 56111). It probably lies between €100,000 and €170,000. In financial year 2020 turnover was €501,974.Financials
Is PASA profitable?
In financial year 2025, PASA made a loss of €15.
Where can I find the annual accounts of PASA?
PASA filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PASA due?
PASA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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