PASADUR
ActiveThe computed 12-month bankruptcy probability of PASADUR is 2.6% (moderate). The 2025 annual accounts show equity of €78k and a net result of €27k. Equity is growing by ~50.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 445 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-14
Solvency60▼-14
Growth78=
Track record82
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.67 in 2024; short-term debt: 52.9% and cash: 78.3% of total assets), but 65.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
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
34.9%
Return on assets
12%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
34 d early
2023
21 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€78k▲ 52.2%
2024 · €51k
2023: €27k
2024: €51k
2023 → 2025
Total assets
€224k▲ 113%
2024 · €105k
2023: €32k
2024: €105k
2023 → 2025
Net result
€27k▲ 8.4%
2024 · €25k
2023: €2k
2024: €25k
2023 → 2025
Working capital
€90k▲ 152%
2024 · €36k
2023: €27k
2024: €36k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€27k-€51k▲ 92.9%€78k▲ 52.2%
Operating result€2k-€33k▲ 1,387%€38k▲ 15.5%
Net result€2k-€25k▲ 1,406%€27k▲ 8.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224k
Fixed assets
€15k▼ 1.9%
Current assets
€208k▲ 133%
Equity and liabilities €224k
Equity
€78k▲ 52.2%
Debt
€146k▲ 171%
The debt ratio rises from 51.1% to 65.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▲
2024 · €33k
Cash flow
€27k▲
2024 · €25k
Solvency
34.9%▼
2024 · 48.9%
Current ratio
1.76▲
2024 · 1.67
Quick ratio
1.76▲
2024 · 1.67
Debt / equity
1.86▲
2024 · 1.04
ROE
34.3%▼
2024 · 48.2%
ROA
12.0%▼
2024 · 23.5%
Interest coverage
87.81▲
2024 · 30.22
Debt
€146k▲
2024 · €54k
Debt ≤ 1 year
€118k▲
2024 · €54k
Income taxes
€11k▲
2024 · €7k
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€105k€224k▲
Fixed assets21/28€16k€15k▼
Tangible fixed assets22/27€658€355▼
Plant, machinery and equipment23€658€355▼
Financial fixed assets28€15k€15k=
Current assets29/58€89k€208k▲
Amounts receivable within one year40/41€1k€21k▲
Trade receivables40€1k€21k▲
Other amounts receivable41€33-
Cash at bank and in hand54/58€84k€175k▲
Deferred charges and accrued income490/1€4k€12k▲
Equity and liabilities
Total equity and liabilities10/49€105k€224k▲
Equity10/15€51k€78k▲
Contributions10/11€25k€25k=
Reserves13-€27k
Distributable reserves133-€27k
Profit (loss) carried forward14€26k€26k=
Amounts payable17/49€54k€146k▲
Amounts payable within one year42/48€54k€118k▲
Trade debts44€45k€86k▲
Suppliers440/4€45k€86k▲
Taxes, remuneration and social security45€9k€13k▲
Taxes450/3€9k€13k▲
Other amounts payable47/48-€19k
Accrued charges and deferred income492/3-€27k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€251€303▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€155-
Other operating charges640/8€661€633▼
Gross operating margin9900€34k€39k▲
Operating profit (loss)9901€33k€38k▲
Financial income75/76B€3€313▲
Recurring financial income75€3€313▲
Financial charges65/66B€1k€432▼
Recurring financial charges65€1k€432▼
Profit (loss) for the period before taxes9903€31k€38k▲
Income taxes67/77€7k€11k▲
Profit (loss) for the period9904€25k€27k▲
Profit (loss) for the period to be appropriated9905€25k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€53k▲
Profit (loss) brought forward from the previous period14P€2k€26k▲
Transfer to equity691/2-€27k
To other reserves6921-€27k
The notes to these accounts (5 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2023net €27k ▲8.4%
Operating result €38k, net result €27k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, De Panne · 1 establishment unit since 2023
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.
Zeedijk 104/6018660 De PanneGround area
201 m²
Building footprint
117 m²
Volume, LiDAR
2,749 m³
Parcel 38008A0337/00A000, Flanders · tallest building 26.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
PASADUR
since 20232.353.276.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38008A0337/00A000 | Flanders | 201 m² | 1 · 117 m² | 26.4 m · 8 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.
Similar companies · same sector, comparable size
RANIA VOYAGES SPRL
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BE 0650.583.651
Aarschot · Eq €78k
MILLESIME VOYAGES
BE 0806.199.068
Liège · Eq €79k
MOVE AND STUDY
BE 0707.724.371
Elsene · Eq €79k
SKIWORLD
BE 0804.250.853
Diksmuide · Eq €79k
Of 1,439 companies in sector 79110 we hold annual accounts for 880. 744 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2023
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
62020IT consultancy
62200Computer consultancy and computer facilities management
79120Travel agency, tour operator and other reservation service and related activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.