Equity
Equity fell by 75% in 2 years.
In July 2024, 6,713 companies had the same profile as Pascal FLORIN has now. Each dot stands for 17 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,713 companies, not a prediction for Pascal FLORIN. 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 | ||||
|---|---|---|---|---|
| Pascal FLORIN Esneux | €139,103 | €94,045 | 16.8% | - |
| Blooming Riders Ixelles | €141,330 | €85,705 | 62.0% | - |
| PROUDLY Antwerp | €156,207 | €94,997 | -71.2% | - |
| CONNECTED HEROES Molenbeek-Saint-Jean | €131,892 | €76,441 | 74.7% | - |
| MOPETS Woluwe-Saint-Pierre | €168,150 | €91,520 | -31.5% | - |
| WIZE Namur | €125,202 | €69,519 | 14.9% | - |
| GROUP LEUNI$ Charleroi | €155,492 | €70,592 | 15.4% | - |
These companies have the same main activity as Pascal FLORIN: web portal activities (NACE 63910). They are comparable in size and age: total assets between €125,000 and €168,000, founded between 2017 and 2018.
Pascal FLORIN files the micro format. That format states no turnover. The gross margin rose from €64,463 in 2019 to €94,045 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 21% of 2,302 companies in 2025.
Higher than 16% of 2,199 companies in 2025.
Higher than 83% of 2,233 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
139,103 | 123,663 | 180,820 | 144,565 | 130,092 | 135,751 | 142,743 | |
21/28 |
47,911 | 65,590 | 82,818 | 72,215 | 89,096 | 106,177 | 85,250 | |
21 |
25,000 | 35,000 | 45,000 | 55,000 | 65,000 | 75,000 | 85,000 | |
22/27 |
22,911 | 30,590 | 37,818 | 17,215 | 24,096 | 30,977 | 250 | |
23 |
901 | 677 | 0 | 106 | 491 | 877 | - | |
24 |
22,009 | 29,914 | 37,818 | 17,109 | 23,605 | 30,100 | 250 | |
27 |
0 | - | 0 | 0 | - | 0 | - | |
28 |
- | - | - | - | 0 | 200 | - | |
29/58 |
91,192 | 58,073 | 98,002 | 72,350 | 40,996 | 29,574 | 57,493 | |
3 |
- | 0 | 73 | 73 | - | - | - | |
30/36 |
- | 0 | 73 | 73 | - | - | - | |
40/41 |
20,121 | 26,420 | 35,216 | 27,607 | 19,945 | 22,464 | 30,738 | |
40 |
20,121 | 25,025 | 32,216 | 27,607 | 14,944 | 22,464 | 22,738 | |
41 |
0 | 1,395 | 3,000 | 0 | 5,001 | 0 | 8,000 | |
54/58 |
68,752 | 29,721 | 59,300 | 43,091 | 19,793 | 5,861 | 26,438 | |
490/1 |
2,318 | 1,931 | 3,413 | 1,579 | 1,258 | 1,249 | 317 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
139,103 | 123,663 | 180,820 | 144,565 | 130,092 | 135,751 | 142,743 | |
10/15 |
23,414 | 62,690 | 95,352 | 88,961 | 78,707 | 73,257 | 46,378 | |
10/11 |
18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | |
11 |
18,600 | - | - | - | - | - | - | |
1109/19 |
18,600 | - | - | - | - | - | - | |
13 |
1,860 | 41,860 | 73,860 | 73,860 | 63,860 | 58,860 | 33,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130 |
1,860 | - | - | - | - | - | 1,860 | |
1311 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
133 |
0 | 40,000 | 72,000 | 72,000 | 62,000 | 57,000 | 32,000 | |
14 |
2,954 | 2,230 | 2,892 | 2,701 | 2,447 | 1,997 | 118 | |
17/49 |
115,689 | 60,973 | 85,468 | 55,604 | 51,385 | 62,493 | 96,364 | |
17 |
- | - | 0 | 5,011 | 19,943 | 33,273 | 84,000 | |
170/4 |
- | - | 0 | 5,011 | 19,943 | 33,273 | 84,000 | |
42/48 |
115,689 | 60,973 | 85,468 | 50,593 | 31,442 | 29,220 | 12,364 | |
42 |
- | 0 | 10,511 | 12,932 | 13,330 | 13,231 | 0 | |
44 |
2,544 | 452 | 590 | 680 | 434 | 2,103 | 385 | |
440/4 |
2,544 | 452 | 590 | 680 | 434 | 2,103 | 385 | |
45 |
10,978 | 3,225 | 14,168 | 10,796 | 11,443 | 12,613 | 5,448 | |
450/3 |
10,978 | 3,225 | 12,268 | 10,796 | 9,543 | 10,513 | 3,348 | |
454/9 |
0 | 0 | 1,900 | 0 | 1,900 | 2,100 | 2,100 | |
47/48 |
102,167 | 57,296 | 60,199 | 26,185 | 6,234 | 1,273 | 6,531 | |
| Income statement | ||||||||
70 |
- | 0 | 0 | 0 | 0 | - | 0 | |
9900 |
94,045 | 48,633 | 83,916 | 64,559 | 26,622 | 51,534 | 64,463 | |
60/61 |
- | 0 | 0 | - | 0 | - | 0 | |
630 |
18,094 | 17,977 | 11,810 | 16,881 | 16,881 | 12,907 | 15,750 | |
640/8 |
572 | 451 | 384 | 348 | 615 | 408 | 695 | |
66A |
- | - | 0 | 0 | - | - | - | |
9901 |
75,378 | 30,206 | 71,721 | 47,330 | 9,127 | 38,219 | 48,018 | |
75/76B |
0 | 0 | 0 | 0 | 1 | - | - | |
75 |
0 | 0 | 0 | 0 | 1 | - | - | |
65/66B |
0 | 168 | 199 | 322 | 424 | 343 | 76 | |
65 |
0 | 168 | 199 | 322 | 424 | 343 | 76 | |
9903 |
75,378 | 30,038 | 71,522 | 47,008 | 8,704 | 37,876 | 47,942 | |
67/77 |
15,654 | 6,700 | 13,332 | 11,754 | 3,254 | 10,997 | 13,964 | |
9904 |
59,724 | 23,338 | 58,190 | 35,254 | 5,450 | 26,879 | 33,978 | |
9905 |
59,724 | 23,338 | 58,190 | 35,254 | 5,450 | 26,879 | 33,978 | |
| Appropriation of the result | ||||||||
9906 |
61,954 | 26,230 | 60,892 | 37,701 | 7,447 | 26,997 | 33,978 | |
14P |
2,230 | 2,892 | 2,701 | 2,447 | 1,997 | - | - | |
791/2 |
40,000 | 32,000 | - | - | - | - | - | |
691/2 |
- | - | - | 10,000 | 5,000 | 25,000 | 33,860 | |
691 |
- | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 32,000 | |
6921 |
- | - | - | 10,000 | 5,000 | 25,000 | - | |
694/7 |
99,000 | 56,000 | 58,000 | 25,000 | - | - | - | |
694 |
99,000 | 56,000 | 58,000 | 25,000 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 01-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-05-2026 | 2026-00098992 | |
| 31-12-2024 | micro format | 28-06-2025 | 2025-00191734 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00291988 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00284903 | |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20189675 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-32200202 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-46000105 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 93,473 | 48,183 | 83,531 | 64,211 | 26,007 | 51,126 | 63,768 | ||
| 77,818 | 41,315 | 70,001 | 52,135 | 22,331 | 39,786 | 49,728 | ||
| 415 | 749 | 39,522 | 0 | 0 | 33,834 | 101,000 | ||
| 39,031 | -29,580 | 16,209 | 23,298 | 13,932 | -20,577 | - | ||
| -24,497 | -2,901 | 12,534 | 21,758 | 9,554 | 354 | 45,128 | ||
| 16.8% | 50.7% | 52.7% | 61.5% | 60.5% | 54.0% | 32.5% | ||
| 0.79 | 0.95 | 1.15 | 1.43 | 1.30 | 1.01 | 4.65 | ||
| 0.79 | 0.95 | 1.15 | 1.43 | 1.30 | 1.01 | 4.65 | ||
| 4.94 | 0.97 | 0.90 | 0.63 | 0.65 | 0.85 | 2.08 | ||
| 255.1% | 37.2% | 61.0% | 39.6% | 6.9% | 36.7% | 73.3% | ||
| 42.9% | 18.9% | 32.2% | 24.4% | 4.2% | 19.8% | 23.8% | ||
| over 100 | over 100 | over 100 | over 100 | 61.39 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €415 | €749 | €39,522 | €0 | €0 |
| €18,094 | €17,977 | €11,810 | €16,881 | €16,881 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 150% higher than in 2024 and the highest since 2019. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 49.3% to 83.2%. Equity is lower and debt is higher.
Pascal FLORIN has no parent and no holdings in its annual accounts. Pascal FLORIN shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Pascal FLORIN SPRL registered office Avenue des Ardennes 33, 4130 Esneux | 11-07-2018 | 2.277.841.201 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62101D0455/00C021 | 1,146 m² | 1 · 35 m² | 10.8 m · 3 |
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