Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2017 to 2025 closed with a loss. 2017 was the heaviest.
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 41,211 companies.
In July 2024, 6,635 companies had the same profile as PASCA has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,635 companies, not a prediction for PASCA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| PASCA Jodoigne | €60 | -€724 | -90524.7% | - |
| METALLICA CONSULTING COMPANY Ixelles | €45 | -€274 | -130242.2% | - |
| KURT & BRIOT La Louvière | €58 | -€644 | -63773.0% | - |
| PRO-MEDIATION INTERNATIONAL Brussels | €66 | -€1,818 | -54999.0% | - |
| DK² Glabbeek | €77 | -€758 | -227530.0% | - |
| E.d.l.M. ENGINEERING Schilde | €35 | -€465 | -110601.5% | - |
| MATRACO Tongeren-Borgloon | €92 | -€2,310 | -40888.6% | - |
These companies have the same main activity as PASCA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €35 and €92, founded between 1994 and 2008.
PASCA files the micro format. That format states no turnover. The gross margin rose from -€1,292 in 2009 to -€724 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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