Pasa Electronics
ActivePasa Electronics has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29k and a net result of €-8k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability1▼-99
Solvency78▼-6
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 2.42 in 2023; short-term debt: 46.8% and cash: 45% of total assets), and 46.8% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
53.2%
Return on assets
-14.1%
Age of the figures
20 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
21 d early
2022
28 d early
2021
33 d early
2020
26 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€29k▼ 20.9%
2023 · €37k
2018: €35k
2019: €50k
2020: €64k
2021: €33k
2022: €34k
2023: €37k
2018 → 2024
Total assets
€55k▼ 12.8%
2023 · €63k
2018: €51k
2019: €59k
2020: €80k
2021: €74k
2022: €55k
2023: €63k
2018 → 2024
Net result
€-8k
2023 · €20k
2018: €6k
2019: €15k
2020: €20k
2021: €-5k
2022: €513
2023: €20k
2018 → 2024
Working capital
€26k▼ 31.1%
2023 · €37k
2018: €27k
2019: €47k
2020: €63k
2021: €30k
2022: €21k
2023: €37k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€64k-€33k▼ 48.6%€34k▲ 1.6%€37k▲ 11.2%€29k▼ 20.9%
Operating result€24k-€-5k€562€26k▲ 4,608%€-8k
Net result€20k-€-5k€513€20k▲ 3,864%€-8k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8k after €26k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55k
Fixed assets
€4k▲ 8,971%
Current assets
€52k▼ 18.8%
Equity and liabilities €55k
Equity
€29k▼ 20.9%
Debt
€26k▼ 1.3%
The debt ratio rises from 41.3% to 46.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2023 · €32k
Cash flow
€-7k▼
2023 · €26k
Solvency
53.2%▼
2023 · 58.7%
Current ratio
1.99▼
2023 · 2.42
Quick ratio
1.16▼
2023 · 2.00
Debt / equity
0.88▲
2023 · 0.71
ROE
-26.5%▼
2023 · 54.6%
ROA
-14.1%▼
2023 · 32.0%
Interest coverage
-29.14▼
2023 · 590.81
Debt
€26k▼
2023 · €26k
Debt ≤ 1 year
€26k▼
2023 · €26k
Income taxes
€-2▼
2023 · €6k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€63k€55k▼
Fixed assets21/28€42€4k▲
Tangible fixed assets22/27€42€4k▲
Plant, machinery and equipment23€0€1k▲
Furniture and vehicles24€42€3k▲
Current assets29/58€63k€52k▼
Stocks and contracts in progress3€11k€22k▲
Stocks30/36€3k€6k▲
Contracts in progress37€8k€16k▲
Amounts receivable within one year40/41€15k€5k▼
Trade receivables40€13k€3k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€38k€25k▼
Equity and liabilities
Total equity and liabilities10/49€63k€55k▼
Equity10/15€37k€29k▼
Contributions10/11€6k€6k=
Reserves13€31k€31k=
Distributable reserves133€31k€31k=
Profit (loss) carried forward14€39€-8k▼
Amounts payable17/49€26k€26k▼
Amounts payable within one year42/48€26k€26k▼
Trade debts44€882€115▼
Suppliers440/4€882€115▼
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€8k€5k▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€18k€18k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€502▼
Other operating charges640/8€736€212▼
Non-recurring operating charges66A€7k-
Gross operating margin9900€40k€-7k▼
Operating profit (loss)9901€26k€-8k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€54€242▲
Recurring financial charges65€54€242▲
Profit (loss) for the period before taxes9903€26k€-8k▼
Income taxes67/77€6k€-2▼
Profit (loss) for the period9904€20k€-8k▼
Profit (loss) for the period to be appropriated9905€20k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€-8k▼
Profit (loss) brought forward from the previous period14P€-4k€39▲
Transfer from equity791/2€17k-
Transfer to equity691/2€16k-
To other reserves6921€16k-
Profit to be distributed694/7€17k-
Return on contributions (dividend)694€17k-
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
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-8k ▼138%
Net result drops to €-8k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €20k ▲3864%
Operating result €26k, net result €20k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €513
Net result €513 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.89
Current ratio from 2.72 to 5.89; short-term debt falls from €16k to €10k.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-06
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.
Directors · office · real estate
Directors
2 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, Diest · 1 establishment unit since 2013
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.
Meidoornstraat 343290 DiestGround area
559 m²
Building footprint
180 m²
Volume, LiDAR
978 m³
Parcel 24020B0026/00X002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pasa Electronics
since 20132.220.827.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24020B0026/00X002 | Flanders | 558 m² | 1 · 180 m² | 8.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 244 EUR awarded · 244 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 244 EUR | 244 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 7,946 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2013
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.