PASA
ActivePASA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119k and a net result of €-15. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 13090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-9
Solvency97▼-2
Growth68=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.19 against 3.49 in 2024; short-term debt: 27.5% and cash: 4.9% of total assets), and 27.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 dateAge against the risk zone
neutral · Filed after the deadline
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. 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
31 d late
2024
119 d late
2023
122 d early
2022
92 d late
2021
153 d late
2020
93 d early
2019
91 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€502k▲ 35.3%
2019 · €371k
2018: €289k
2019: €371k
2018 → 2020
EBIT margin
7.0%▲ 2.2pp
2019 · 4.8%
2018: 6.7%
2019: 4.8%
2018 → 2020
Net result
€-15
2024 · €7k
2018: €10k
2019: €11k
2020: €23k
2021: €-18k
2022: €14k
2023: €9k
2024: €7k
2018 → 2025
Working capital
€99k▼ 2.7%
2024 · €102k
2018: €50k
2019: €60k
2020: €81k
2021: €66k
2022: €65k
2023: €84k
2024: €102k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€102k▲ 16.0%€111k▲ 9.0%€119k▲ 6.7%€119k=
Operating result€-18k-€27k€27k▼ 2.7%€9k▼ 67.6%€-5k
Net result€-18k-€14k€9k▼ 34.8%€7k▼ 18.5%€-15
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€20k▲ 16.0%
Current assets
€144k▲ 1.0%
Equity and liabilities €164k
Equity
€119k=
Debt
€45k▲ 10.4%
The debt ratio rises from 25.6% to 27.5%. Debt is higher.
Key figures and ratios
EBITDA
€8k▼
2024 · €18k
Cash flow
€14k▼
2024 · €17k
Solvency
72.5%▼
2024 · 74.4%
Current ratio
3.19▼
2024 · 3.49
Quick ratio
3.12▼
2024 · 3.42
Debt / equity
0.38▲
2024 · 0.34
ROE
0.0%▼
2024 · 6.3%
ROA
0.0%▼
2024 · 4.7%
Interest coverage
4.30▼
2024 · 4.73
Debt
€45k▲
2024 · €41k
Debt ≤ 1 year
€45k▲
2024 · €41k
Income taxes
€2k▼
2024 · €6k
Staff costs
€13k▼
2024 · €15k
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€160k€164k▲
Fixed assets21/28€17k€20k▲
Tangible fixed assets22/27€16k€19k▲
Land and buildings22€5k€1k▼
Plant, machinery and equipment23€1k€580▼
Furniture and vehicles24€10k€17k▲
Financial fixed assets28€1k€1k=
Current assets29/58€142k€144k▲
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€134k€132k▼
Other amounts receivable41€134k€132k▼
Cash at bank and in hand54/58€2k€8k▲
Deferred charges and accrued income490/1€4k€271▼
Equity and liabilities
Total equity and liabilities10/49€160k€164k▲
Equity10/15€119k€119k=
Contributions10/11€19k€19k=
Reserves13€93k€93k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€91k€91k=
Profit (loss) carried forward14€7k€7k▼
Amounts payable17/49€41k€45k▲
Amounts payable within one year42/48€41k€45k▲
Trade debts44€19k€30k▲
Suppliers440/4€19k€30k▲
Taxes, remuneration and social security45€22k€15k▼
Taxes450/3€22k€15k▼
Income statement
Code20242025
Non-recurring operating income76A€60€60=
Remuneration, social security and pensions62€15k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8€1k€5k▲
Non-recurring operating charges66A€230-
Gross operating margin9900€35k€26k▼
Operating profit (loss)9901€9k€-5k▼
Financial income75/76B€8k€9k▲
Recurring financial income75€8k€9k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€13k€2k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€7k€-15▼
Profit (loss) for the period to be appropriated9905€7k€-15▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€7k▼
Profit (loss) brought forward from the previous period14P-€7k
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
31-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Equity above €100kEq €102k ▲16%
Equity rises from €88k to €102k.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Weakest financial yearnet €-18k ▼181%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €23k ▲99.1%
Operating result €35k, net result €23k, both a record.
31-12
Financial
Equity above €100kEq €106k ▲27.1%
3 profitable years in a row build equity to €106k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Heusden-Zolder · 1 establishment unit since 1997
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.
Sint-Willibrordusplein 253550 Heusden-ZolderGround area
394 m²
Building footprint
20 m²
Volume, LiDAR
48 m³
Parcel 71502B0471/00A002, Flanders · tallest building 2.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PASA
since 19972.083.561.483
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0471/00A002 | Flanders | 394 m² | 1 · 20 m² | 2.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteHeusden-Zolder2.083.561.483
Similar companies · same sector, comparable size
DIFAR
BE 0837.917.870
Destelbergen · Eq €119k
BC FOOD
BE 0740.517.004
Gent · Eq €119k
LE REFUGE
BE 0451.780.765
Vresse-sur-Semois · Eq €119k
FIROMI
BE 0837.740.104
Lubbeek · Eq €119k
CHALET VAN GAASBEEK
BE 0432.745.506
Overijse · Eq €119k
Of 20,499 companies in sector 56111 we hold annual accounts for 11,455. 9,373 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-07-1997
Fiscal year end31-12
Activities, NACEBEL
55301
55302
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.