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Pasa Electronics

Active
Private limited companyfounded 2013active for 13 yearsMeidoornstraat 34, 3290 Diest, BelgiumKBO/BCE: BE 0536.390.204

From the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of Pasa Electronics is 2.4% (moderate). The annual accounts of Pasa Electronics for financial year 2025 show a net loss of 82% of total assets and of 99% of the equity at the start of that year. The 2025 annual accounts show equity of €188 and a net result of -€29,259. Equity has been shrinking by about 11% per year since 2018. Its solvency ranks better than 10% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 04-07-2013 Normal situation
Activity
General electrical installation work NACE 43211and 1 other
Establishment unit
2.220.827.371 3290 Diest, since 04-07-2013
Financial year end
31 December
Peppol
Reachable since 30-01-2025

Board and ownership

Board
  • Ozdemir MustafaDirector · since 01-07-2013

Financial position

50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.4%
Annual accounts 2025
Gross margin
-€26,904
▼ 293%
Loss
€29,259
▲ 276%
Equity
€188
▼ 99.4%
Total assets
€35,852
▼ 35.2%
Turnover not published (abbreviated or micro format)
Filed on 16-09-2026, 47 days after the deadlineat the National Bank
Score breakdownraises riskLoss of €29,259, the second in a row (financial year 2025)Last filed accounts filed 47 days late; 1 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €35,852Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 6% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 26-52
equity 0.5% of total assets
Liquidity 10-67
short-term debt 99.5% · cash 7.8%
Profitability 0-1
return on assets -81.6%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.2 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 2.4%▲ +1.8 percentage points vs 09-2026highest value
No publishable credit limit, so credit 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 is insufficient, with a current ratio of 0.93 (1.99 in 2024), below 1. Short-term debt is 99.5% and cash 7.8% of total assets. 99.5% 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 43, micro). It does better than 8% of them on solvency, 6% on liquidity, 4% on profitability and 3% on growth.

The bankruptcy probability was computed on 31-10-2026 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

Seven signals.
lowers riskraises riskneutral
raises risk · Loss of €29,259, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €35,852
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 47 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€29,259
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 34902 sector peers (2025).
NBB · sector comparison
Position among 34902 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
47 days late
2024
8 days early
2023
21 days early
2022
28 days early
2021
33 days early
2020
26 days early
2019
31 days early
← 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 14 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 11 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 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

  • Caution: Lower net result than 95% of companies in specialised constructionsector median €10,227 · 34,889 companies -€29,259 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€29,259 View

Comparable companies

These companies have the same main activity as Pasa Electronics: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €31,900 and €41,600, founded between 2011 and 2014.

CompanyTotal assetsGross margin
Pasa Electronics Diest€35,852-€26,904
N&N WORKS Tienen€41,570-€3,228
VERSACO Beringen€33,743-€29,982
REEBOX Mortsel€37,138-€32,630
INFINYTEC Gembloux€31,926-€13,140
A-Score Evere€40,715-€3,046
IMMO RD Herve€36,969-€1,028
Full comparison

Documents

Annual accounts at the NBB

All 12 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Pasa Electronics

What is the company number of Pasa Electronics?
The company number of Pasa Electronics is 0536.390.204. The VAT number is the same number with BE in front: BE 0536.390.204.
Where is Pasa Electronics based?
The registered office is at Meidoornstraat 34, 3290 Diest.Company details
What does Pasa Electronics do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of Pasa Electronics?
The legal form of Pasa Electronics is Private limited company (BV).
When was Pasa Electronics founded?
Pasa Electronics was founded on 04-07-2013.
Is Pasa Electronics still active?
Yes, Pasa Electronics is an active enterprise in the KBO register.
What is the turnover of Pasa Electronics?
The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
Is Pasa Electronics profitable?
In financial year 2025, Pasa Electronics made a loss of €29,259.
Where can I find the annual accounts of Pasa Electronics?
Pasa Electronics filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Pasa Electronics due?
Pasa Electronics must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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