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PASBLEND

Active
Private limited companyfounded 20215 yrs activeOudesmidsestraat 20, 1700 Dilbeek, BelgiumKBO/BCE: BE 0773.517.095
Summary

The computed 12-month bankruptcy probability of PASBLEND is 3.7% (moderate). The 2024 annual accounts show equity of €138,013 and a net result of €114,336. Equity is growing by ~275.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 18940 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency98▲+27
Growth78=
Track record94
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.64 against 1.53 in 2023; short-term debt: 27.3% and cash: 12.4% of total assets), and 27.3% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 filings
Deviation from the deadline
2024
54 d late
2023
31 d early
2022
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 September 2021, PASBLEND was incorporated as a Private limited company.1 Total assets went from EUR 12,009 in 2022 to EUR 189,815 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€138,013▲ 483%
2023 · €23,677
Total assets
€189,815▲ 269%
2023 · €51,388
Net result
€114,336▲ 606%
2023 · €16,184
Working capital
€85,129▲ 476%
2023 · €14,787
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€9,437-€22,813▲ 142%€153,329▲ 572%
Net result€7,493within the sector's middle half-€16,184within the sector's middle half▲ 116%€114,336above the sector's middle half▲ 606%
Equity€7,493within the sector's middle half-€23,677within the sector's middle half▲ 216%€138,013above the sector's middle half▲ 483%
Total assets€12,009below the sector's middle half-€51,388within the sector's middle half▲ 328%€189,815within the sector's middle half▲ 269%
Debt€4,516-€27,711▲ 514%€51,803▲ 86.9%
Working capital€7,493within the sector's middle half-€14,787within the sector's middle half▲ 97.3%€85,129above the sector's middle half▲ 476%
Solvency62.4%above the sector's middle half-46.1%within the sector's middle half▼ 16.3pp72.7%above the sector's middle half▲ 26.6pp
Current ratio2.66above the sector's middle half-1.53within the sector's middle half▼ 1.132.64above the sector's middle half▲ 1.11
Return on assets (ROA)62.4%above the sector's middle half-31.5%above the sector's middle half▼ 30.9pp60.2%above the sector's middle half▲ 28.7pp
Staff (FTE)4.9
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2022: €9,437€9,437Net result 2022: €7,493€7,493Operating result 2023: €22,813€22,813Net result 2023: €16,184€16,184Operating result 2024: €153,329€153,329Net result 2024: €114,336€114,336202220232024€0€50,000€100,000€150,000Operating result 2022: €9,437€9,440Net result 2022: €7,493€7,490Operating result 2023: €22,813€22,800Net result 2023: €16,184€16,200Operating result 2024: €153,329€153,000Net result 2024: €114,336€114,000202220232024
The operating result has risen two years in a row; 2024 is 572% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €189,815
Fixed assets €52,883 ▲ 495%
Current assets €136,932 ▲ 222%
Equity and liabilities €189,815
Equity €138,013 ▲ 483%
Debt €51,803 ▲ 86.9%
Debt's share of the balance-sheet total falls from 53.9% to 27.3%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€156,667▲
2023 · €23,274
Cash flow
€117,675▲
2023 · €16,644
Debt to equity
0.38▼
2023 · 1.17
ROE
82.8%▲
2023 · 68.4%
Interest coverage
48.13▼
2023 · 240.68
Debt ≤ 1 year
€51,803▲
2023 · €27,711
Income taxes
€35,774▲
2023 · €7,440
Staff costs
€82,555▲
2023 · €23,684
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€51,388€189,815▲
Fixed assets21/28€8,889€52,883▲
Tangible fixed assets22/27€6,389€48,133▲
Plant, machinery and equipment23€6,389€43,760▲
Furniture and vehicles24-€4,373
Financial fixed assets28€2,500€4,750▲
Current assets29/58€42,498€136,932▲
Amounts receivable within one year40/41€36,734€113,440▲
Other amounts receivable41€36,734€113,440▲
Cash at bank and in hand54/58€5,764€23,492▲
Equity and liabilities
Total equity and liabilities10/49€51,388€189,815▲
Equity10/15€23,677€138,013▲
Profit (loss) carried forward14€23,677€138,013▲
Amounts payable17/49€27,711€51,803▲
Amounts payable within one year42/48€27,711€51,803▲
Trade debts44€12,546€967▼
Suppliers440/4€12,546€967▼
Taxes, remuneration and social security45€15,166€50,836▲
Taxes450/3€9,893€50,836▲
Remuneration and social security454/9€5,272-
Income statement Code20232024
Remuneration, social security and pensions62€23,684€82,555▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€461€3,339▲
Other operating charges640/8€2,556€7,401▲
Gross operating margin9900€49,514€246,623▲
Operating profit (loss)9901€22,813€153,329▲
Financial income75/76B€908€37▼
Recurring financial income75€908€37▼
Financial charges65/66B€97€3,255▲
Recurring financial charges65€97€3,255▲
Profit (loss) for the period before taxes9903€23,624€150,110▲
Income taxes67/77€7,440€35,774▲
Profit (loss) for the period9904€16,184€114,336▲
Profit (loss) for the period to be appropriated9905€16,184€114,336▲
Appropriation of the result
Profit (loss) to be appropriated9906€23,677€138,013▲
Profit (loss) brought forward from the previous period14P€7,493€23,677▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62-€23,684€82,555▲ 249%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€461€3,339▲ 625%
Other operating charges640/8-€2,556€7,401▲ 190%
Gross operating margin9900€9,437€49,514€246,623▲ 398%
Operating profit (loss)9901€9,437€22,813€153,329▲ 572%
Financial income75/76B€60€908€37▼ 95.9%
Recurring financial income75€60€908€37▼ 95.9%
Financial charges65/66B€130€97€3,255▲ 3,266%
Recurring financial charges65€130€97€3,255▲ 3,266%
Profit (loss) for the period before taxes9903€9,366€23,624€150,110▲ 535%
Income taxes67/77€1,873€7,440€35,774▲ 381%
Profit (loss) for the period9904€7,493€16,184€114,336▲ 606%
Profit (loss) for the period to be appropriated9905€7,493€16,184€114,336▲ 606%
Line202220232024Change
Assets
Total assets20/58€12,009€51,388€189,815▲ 269%
Fixed assets21/28-€8,889€52,883▲ 495%
Tangible fixed assets22/27-€6,389€48,133▲ 653%
Plant, machinery and equipment23-€6,389€43,760▲ 585%
Furniture and vehicles24--€4,373-
Financial fixed assets28-€2,500€4,750▲ 90.0%
Current assets29/58€12,009€42,498€136,932▲ 222%
Amounts receivable within one year40/41€1,728€36,734€113,440▲ 209%
Other amounts receivable41€1,728€36,734€113,440▲ 209%
Cash at bank and in hand54/58€10,281€5,764€23,492▲ 308%
Equity and liabilities
Total equity and liabilities10/49€12,009€51,388€189,815▲ 269%
Equity10/15€7,493€23,677€138,013▲ 483%
Profit (loss) carried forward14€7,493€23,677€138,013▲ 483%
Amounts payable17/49€4,516€27,711€51,803▲ 86.9%
Amounts payable within one year42/48€4,516€27,711€51,803▲ 86.9%
Trade debts44-€12,546€967▼ 92.3%
Suppliers440/4-€12,546€967▼ 92.3%
Taxes, remuneration and social security45€3,011€15,166€50,836▲ 235%
Taxes450/3€3,011€9,893€50,836▲ 414%
Remuneration and social security454/9-€5,272--
Other amounts payable47/48€1,505---
Line202220232024Change
Profit (loss) for the period9904€7,493€16,184€114,336▲ 606%
+ Depreciation and write-downs630-€461€3,339▲ 625%
Operating cash flow (approximation)€7,493€16,644€117,675▲ 607%
Investment in fixed assets (approximation)---€47,333-
Change in cash--€4,516€17,728▲ 493%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
23-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial Highest result since 2022net €114,336 ▲606%
Operating result €153,329, net result €114,336, both a record.
31-12
Financial Equity above €100,000Eq €138,013 ▲483%
3 profitable years in a row build equity to €138,013.
29-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
29-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 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, Dilbeek · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
368 m²
Building footprint
340 m²
Volume, LiDAR
3,302 m³
2 parcels, Brussels, Flanders · tallest building 18.5 m, ±4 floors. Linked by address, not a title deed.
484 companies at this address See who is registered here
1 establishment unit
PASBLEND
Kiekenmarkt 51, 1000 BrusselNACE 45112
since 20212.322.712.411
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23016D0063/00W002 Flanders 300 m² 1 · 299 m² 12.6 m · 3 fl.
21004A0284/00A000 Brussels 68 m² 1 · 41 m² 18.5 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 site
Brussel2.322.712.411
1 permission
Toelating · Eetgelegenheid · since 18-07-2022

Similar companies · same sector, comparable size

Of 21,859 companies in sector 56112 we hold annual accounts for 9,783. 7,389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded03-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID 0208:0773517095
Also 9925:BE0773517095
Registered 09-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.