Financials
- Fiscal year
- 2025
- Turnover
- €831,550
- Profit
- €18,106
- Solvency
- 63.6%
Turnover
Net result
20182025
Pasar
ActiveSummary
Pasar has been active since 1938 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €18,106. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 316 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Activities of membership organisations
NACE 94200Advertising agencies NACE 73110NACE 74401
#6 oldest company in Schaarbeek, Other services sector1 site
Size
€831,550turnover 2025
- Staff
- 20.9 FTE
- Equity
- €1.6m
- Profit
- €18,106
Structure
- Holdings
- 1
Accounts 94 d early1 of 21 deeds read
Why 95+ Legal form Non-profit association+ Liquidity: current ratio 4.09, cash €1.4m+ Sector Activities of membership organisations (NACE 94)+ Equity €1.6m (63.6% of total assets)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 64% of its sector peers (NACE 94, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
89+3
equity 63.6% of total assets
Liquidity
95+24
short-term debt 18.0% · cash 54.3%
Profitability
74-1
return on assets 0.7%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%lowest value
12-2024: < 0.1%● 0.0% vs 11-2024lowest value
01-2025: < 0.1%● 0.0% vs 12-2024lowest value
02-2025: < 0.1%● 0.0% vs 01-2025lowest value
03-2025: < 0.1%● 0.0% vs 02-2025lowest value
04-2025: < 0.1%● 0.0% vs 03-2025lowest value
05-2025: < 0.1%● 0.0% vs 04-2025lowest value
06-2025: < 0.1%● 0.0% vs 05-2025lowest value
07-2025: < 0.1%● 0.0% vs 06-2025lowest value
08-2025: < 0.1%● 0.0% vs 07-2025lowest value
09-2025: < 0.1%● 0.0% vs 08-2025lowest value
10-2025: < 0.1%● 0.0% vs 09-2025lowest value
11-2025: < 0.1%● 0.0% vs 10-2025lowest value
12-2025: < 0.1%● 0.0% vs 11-2025lowest value
01-2026: < 0.1%● 0.0% vs 12-2025lowest value
02-2026: < 0.1%● 0.0% vs 01-2026lowest value
03-2026: < 0.1%● 0.0% vs 02-2026lowest value
04-2026: < 0.1%▲ +20.0% vs 03-2026
05-2026: < 0.1%● 0.0% vs 04-2026
06-2026: < 0.1%▲ +16.7% vs 05-2026highest value
07-2026: < 0.1%● 0.0% vs 06-2026highest value
08-2026: < 0.1%● 0.0% vs 07-2026highest value
09-2026: < 0.1%● 0.0% vs 08-2026highest value
10-2026: < 0.1%● 0.0% vs 09-2026highest value
- Legal form Non-profit association lowers the probability
- Liquidity: current ratio 4.09, cash €1.4m lowers the probability
- Sector Activities of membership organisations (NACE 94) lowers the probability
- Equity €1.6m (63.6% of total assets) lowers the probability
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 4.09 against 4.17 in 2024; short-term debt: 18% and cash: 54.3% of total assets), and 36.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 94, small). Better than this share of them on solvency 57%, liquidity 81%, profitability 71%, growth against the median 47%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
122 d early
2023
125 d early
2022
126 d early
2021
97 d early
2020
99 d early
2019
80 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 106 days before the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignation: Tijs Hostyn (director)State Gazette act
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Caution: Result fell in 2025from €132,512 to €18,106 ▼ 86.3% View
- Positive: Oldest company in Schaarbeek, Other services sectorin the Checked rankings #6 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Flemish supportawarded 2022 - 2025 €5.4m View
- Active since 1938founded 20-01-1938 88 years View
- Positive: 7 profitable years in a rowprofit 2025: €18,106 7 years View
- A director leftlatest change 09-12-2025 · 0 in office 1 left View
By topic
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 27-07-2026Resignation: Tijs Hostyn (director)
- 28-04-2026Annual accounts filed
- 31-03-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Non-profit association
- Activity
- Activities of membership organisationsNACE 94200
- Founded
- 20-01-1938
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 55
See the provisions in the deeds
Go to Articles of associationGo further with this company
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