PASCAL NELISSEN GRADE
ActivePASCAL NELISSEN GRADE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.35M and a net result of €112k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 15373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
64
/ 100
Healthy▼ -6 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability41▲+41
Solvency67▼-29
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.11 against 1.81 in 2023), and 26.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.6%
Return on assets
6.1%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
21 d late
2022
31 d late
2021
46 d late
2020
25 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.35M▲ 9.0%
2023 · €1.24M
2018: €830k
2019: €840k
2020: €1.21M
2021: €1.20M
2022: €1.28M
2023: €1.24M
2018 → 2024
Total assets
€1.84M▲ 1.0%
2023 · €1.82M
2018: €2.22M
2019: €2.03M
2020: €2.13M
2021: €2.22M
2022: €2.11M
2023: €1.82M
2018 → 2024
Net result
€112k
2023 · €-3k
2018: €76k
2019: €10k
2020: €372k
2021: €113k
2022: €132k
2023: €-3k
2018 → 2024
Working capital
€-203k
2023 · €177k
2018: €-33k
2019: €-82k
2020: €462k
2021: €168k
2022: €-35k
2023: €177k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.21M-€1.20M▼ 0.6%€1.28M▲ 6.3%€1.24M▼ 3.1%€1.35M▲ 9.0%
Operating result€537k-€180k▼ 66.5%€221k▲ 22.5%€-2k€169k
Net result€372k-€113k▼ 69.6%€132k▲ 16.6%€-3k€112k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €169k after a loss of €2k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.84M
Fixed assets
€1.81M▲ 27.4%
Current assets
€26k▼ 93.6%
Equity and liabilities €1.84M
Equity
€1.35M▲ 9.0%
Provisions
€126k=
Debt
€358k▼ 20.5%
The debt ratio falls from 24.8% to 19.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€269k▲
2023 · €81k
Cash flow
€213k▲
2023 · €80k
Solvency
73.6%▲
2023 · 68.3%
Current ratio
0.11▼
2023 · 1.81
Quick ratio
0.11▼
2023 · 1.69
Debt / equity
0.26▼
2023 · 0.36
ROE
8.2%▲
2023 · -0.2%
ROA
6.1%▲
2023 · -0.2%
Interest coverage
30.05▲
2023 · 6.65
Debt
€358k▼
2023 · €451k
Debt ≤ 1 year
€228k▲
2023 · €219k
Debt > 1 year
€129k▼
2023 · €231k
Income taxes
€48k▼
2023 · €117k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.82M€1.84M▲
Fixed assets21/28€1.42M€1.81M▲
Tangible fixed assets22/27€1.42M€1.81M▲
Land and buildings22€1.39M€1.79M▲
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€24k€17k▼
Financial fixed assets28€3k€3k=
Current assets29/58€397k€26k▼
Stocks and contracts in progress3€27k-
Stocks30/36€27k-
Amounts receivable within one year40/41€159k€23k▼
Trade receivables40-€16k
Other amounts receivable41€159k€7k▼
Cash at bank and in hand54/58€211k€2k▼
Deferred charges and accrued income490/1-€2
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.84M▲
Equity10/15€1.24M€1.35M▲
Contributions10/11€20k€20k=
Reserves13€1.22M€1.33M▲
Distributable reserves133€1.22M€1.33M▲
Provisions and deferred taxes16€126k€126k=
Provisions for liabilities and charges160/5€126k€126k=
Pensions and similar obligations160€126k€126k=
Amounts payable17/49€451k€358k▼
Amounts payable after more than one year17€231k€129k▼
Financial debts170/4€231k€129k▼
Amounts payable within one year42/48€219k€228k▲
Current portion of amounts payable after more than one year42€124k€101k▼
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45€95k€37k▼
Taxes450/3€91k€37k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48-€89k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€101k▲
Other operating charges640/8€162k€7k▼
Gross operating margin9900€243k€277k▲
Operating profit (loss)9901€-2k€169k▲
Financial income75/76B€8k€8▼
Recurring financial income75€8k€8▼
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Profit (loss) for the period before taxes9903€-6k€160k▲
Transfer from deferred taxes780€119k-
Income taxes67/77€117k€48k▼
Profit (loss) for the period9904€-3k€112k▲
Transfer from tax-exempt reserves789€198k-
Profit (loss) for the period to be appropriated9905€195k€112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€195k€112k▼
Transfer from equity791/2€36k-
Transfer to equity691/2€195k€112k▼
To other reserves6921€195k€112k▼
Profit to be distributed694/7€36k-
Return on contributions (dividend)694€36k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €112k
Net result €112k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet €-3k ▼102%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.81
Current ratio from 0.86 to 1.81; short-term debt falls from €252k to €219k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 46 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €372k ▲3718%
Operating result €537k, net result €372k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.05
Current ratio from 0.70 to 3.05; short-term debt falls from €276k to €226k.
31-12
Financial
Equity above €1MEq €1.21M ▲44.3%
3 profitable years in a row build equity to €1.21M.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
GARAB Isabelle Juliana Rose
CurrentDirector · since 06-12-2023
NELISSEN GRADE Pascal
CurrentDirector · since 06-12-2023
06-12-2023
GARAB Isabelle Juliana Rose: Appointed as Director
06-12-2023
NELISSEN GRADE Pascal: Appointed as Director
Location & real-estate footprint
Registered office, Hoegaarden
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.
Overhemstraat 53320 HoegaardenGround area
6,721 m²
Building footprint
157 m²
Volume, LiDAR
44 m³
Parcel 24712B0693/00A000, Flanders · tallest building 4.8 m. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24712B0693/00A000 | Flanders | 6,721 m² | 1 · 156 m² | 4.8 m |
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.
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PAUL AERTS
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BERNARD CASTAIGNE AVOCAT
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VERHELST EN MONBALLYU ADVOCATEN
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Of 22,011 companies in sector 69101 we hold annual accounts for 9,030. 3,545 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-01-1988
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
66220Insurance agents and brokers
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.