PASCALINO
ActiveSummary
PASCALINO has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €189,229. Equity is growing by about 8.9% per year across the filed financial years. Its solvency ranks better than 75% of 12,724 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110
8th fastest staff growth in Izegem, Wholesale and retail trade sector1 site
Size
≈ €7.5mturnover 2025, estimated
- Staff
- 13 FTE
- Equity
- €1.4m
- Profit
- €189,229
Turnover estimated from the gross margin
Structure
- Largest shareholder
- UNIC-MONA · 49.87%
- AARTCOManaging director · permanent representative Pascal VANHONSEBROUCK
- SHOPPING - HERMANSDirector · permanent representative Marcus VANHONSEBROUCK
2025 accounts 7 days early4 of 9 deeds summarised
Why 94raises riskSector: Retail trade (NACE 47)lowers riskFounded in 1991Profit of €189,229 (financial year 2025)Equity €1.4m (61.6% of total assets)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 70% of its sector peers (NACE 47, small)
Financial strength · tick = 2024
Strong
Solvency
87+1
equity 61.6% of total assets
Liquidity
51+2
short-term debt 16.8% · cash 3.9%
Profitability
79+4
return on assets 8.2%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.53, compared with 2.48 in 2024, above the usual 1.5; short-term debt: 16.8% and cash: 3.9% of total assets), and 38.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small): better than 82% on solvency, 64% on liquidity, 76% on profitability and 59% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
28 days early
2023
42 days early
2022
38 days early
2021
13 days early
2020
18 days early
2019
38 days 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 26 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Permanent representatives: Marcus VANHONSEBROUCK and Marie…Gazette deed
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
Turnover
≈ €7.5m
Estimated: probably between €6.0m and €10.0m
Total assets
€2.3m▲ 5.3%
2024 · €2.2m
Net result
€189,229▲ 80.4%
2024 · €104,867
Working capital
€589,673▲ 23.3%
2024 · €478,428
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 52% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.3m
2025
Equity€1.4m
2025
Debt€0.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.6m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)8.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency61.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.53
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)13
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.1m▲ 38.0%€0.3m▲ 111%€0.1m▼ 66.8%€0.1m▲ 49.4%€0.2m▲ 37.4%€0.2m▼ 18.6%€0.2m▲ 52.5%
Net result€0.07m-€0.1m▲ 33.7%€0.2mabove the sector's middle half▲ 144%€0.07mwithin the sector's middle half▼ 69.6%€0.1mwithin the sector's middle half▲ 49.8%€0.2mabove the sector's middle half▲ 50.9%€0.1mwithin the sector's middle half▼ 34.7%€0.2mabove the sector's middle half▲ 80.4%
Equity€0.7m-€0.8m▲ 13.1%€1.0mabove the sector's middle half▲ 17.4%€1.0mabove the sector's middle half▲ 7.3%€1.1mabove the sector's middle half▲ 10.2%€1.2mabove the sector's middle half▲ 6.2%€1.3mabove the sector's middle half▲ 8.6%€1.4mabove the sector's middle half▲ 6.7%
Total assets€1.2m-€1.1m▼ 14.3%€1.2mwithin the sector's middle half▲ 15.0%€1.3mwithin the sector's middle half▲ 6.3%€1.5mwithin the sector's middle half▲ 15.1%€2.2mabove the sector's middle half▲ 44.0%€2.2mabove the sector's middle half▲ 0.4%€2.3mabove the sector's middle half▲ 5.3%
Debt€0.5m-€0.2m▼ 52.9%€0.3m▲ 7.1%€0.3m▲ 2.3%€0.4m▲ 34.3%€1.0m▲ 165%€0.9m▼ 10.0%€0.9m▲ 3.0%
Working capital€0.1m-€0.4m▲ 167%€0.5mabove the sector's middle half▲ 45.7%€0.6mabove the sector's middle half▲ 13.1%€0.8mabove the sector's middle half▲ 30.5%€0.4mwithin the sector's middle half▼ 42.7%€0.5mwithin the sector's middle half▲ 9.8%€0.6mabove the sector's middle half▲ 23.3%
Solvency58.5%-77.2%▲ 18.7pp78.8%above the sector's middle half▲ 1.6pp79.6%above the sector's middle half▲ 0.8pp76.2%above the sector's middle half▼ 3.4pp56.2%within the sector's middle half▼ 20.0pp60.7%within the sector's middle half▲ 4.6pp61.6%within the sector's middle half▲ 0.8pp
Current ratio1.26-2.45▲ 1.192.97above the sector's middle half▲ 0.523.18above the sector's middle half▲ 0.213.28above the sector's middle half▲ 0.102.17within the sector's middle half▼ 1.102.48within the sector's middle half▲ 0.312.53within the sector's middle half▲ 0.05
Return on assets (ROA)5.7%-8.9%▲ 3.2pp19.0%above the sector's middle half▲ 10.0pp5.4%within the sector's middle half▼ 13.5pp7.1%within the sector's middle half▲ 1.6pp7.4%within the sector's middle half▲ 0.3pp4.8%within the sector's middle half▼ 2.6pp8.2%within the sector's middle half▲ 3.4pp
Staff (FTE)11.9-11.2▼ 5.9%11above the sector's middle half▼ 1.8%11.1above the sector's middle half▲ 0.9%11.4above the sector's middle half▲ 2.7%11.9above the sector's middle half▲ 4.4%12.6above the sector's middle half▲ 5.9%13above the sector's middle half▲ 3.2%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.3m ▼ 4.2%
Current assets
€974,387 ▲ 21.6%
Equity and liabilities €2.3m
Equity
€1.4m ▲ 6.7%
Debt
€881,673 ▲ 3.0%
Debt's share of the balance-sheet total falls from 39.3% to 38.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€343,585▲
2024 · €253,185
Cash flow
€288,421▲
2024 · €197,783
Quick ratio
1.61▲
2024 · 1.41
Debt to equity
0.62▼
2024 · 0.65
ROE
13.4%▲
2024 · 7.9%
Interest coverage
8.84▲
2024 · 6.48
Debt ≤ 1 year
€384,714▲
2024 · €323,186
Debt > 1 year
€496,944▼
2024 · €532,615
Income taxes
€30,386▲
2024 · €27,415
Staff costs
€413,717▲
2024 · €393,260
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95.0%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €4,497 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €304,027 | €359,087 | €362,208 | €393,260 | €413,717 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €187,992 | €129,767 | €67,801 | €61,893 | €48,187 | €104,562 | €92,916 | €99,191 | ▲ 6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€745 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €23,834 | €23,698 | €26,487 | €26,561 | €27,296 | ▲ 2.8% |
| Non-recurring operating charges66A | - | - | - | - | €7,183 | €0 | - | - | - |
| Gross operating margin9900 | €605,509 | €596,544 | €687,857 | €484,891 | €581,369 | €690,032 | €673,006 | €784,598 | ▲ 16.6% |
| Operating profit (loss)9901 | €98,889 | €136,429 | €288,434 | €95,881 | €143,213 | €196,776 | €160,269 | €244,393 | ▲ 52.5% |
| Financial income75/76B | - | - | - | €5,704 | €7,571 | €12,555 | €11,105 | €14,108 | ▲ 27.0% |
| Recurring financial income75 | €2,415 | €3,494 | €5,399 | €5,704 | €7,571 | €12,555 | €11,105 | €14,108 | ▲ 27.0% |
| Financial charges65/66B | - | - | - | €13,049 | €14,325 | €31,951 | €39,092 | €38,886 | ▼ 0.5% |
| Recurring financial charges65 | €16,826 | €15,562 | €17,665 | €13,049 | €14,325 | €31,951 | €39,092 | €38,886 | ▼ 0.5% |
| Profit (loss) for the period before taxes9903 | €84,478 | €124,362 | €276,168 | €88,536 | €136,459 | €177,380 | €132,282 | €219,616 | ▲ 66.0% |
| Income taxes67/77 | €12,906 | €28,643 | €42,525 | €17,467 | €30,000 | €16,758 | €27,415 | €30,386 | ▲ 10.8% |
| Profit (loss) for the period9904 | €71,572 | €95,719 | €233,643 | €71,069 | €106,459 | €160,622 | €104,867 | €189,229 | ▲ 80.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €13,915 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €71,572 | €95,719 | €242,478 | €84,984 | €106,459 | €160,622 | €104,867 | €189,229 | ▲ 80.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.1m | €1.2m | €1.3m | €1.5m | €2.2m | €2.2m | €2.3m | ▲ 5.3% |
| Fixed assets21/28 | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | €1.4m | €1.4m | €1.3m | ▼ 4.2% |
| Tangible fixed assets22/27 | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | €1.4m | €1.4m | €1.3m | ▼ 4.2% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €1.2m | €1.2m | €1.1m | ▼ 4.2% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.05m | €0.05m | €0.05m | €0.06m | ▲ 17.2% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.02m | €0.008m | €0.002m | ▼ 74.9% |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.04m | €0.06m | €0.1m | €0.1m | ▼ 8.0% |
| Current assets29/58 | €0.7m | €0.6m | €0.8m | €0.8m | €1.1m | €0.8m | €0.8m | €1.0m | ▲ 21.6% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 2.7% |
| Stocks30/36 | - | - | - | €0.3m | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 2.7% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.4m | €0.4m | €0.6m | €0.3m | €0.4m | €0.5m | ▲ 26.2% |
| Trade receivables40 | - | - | - | €0.4m | €0.6m | €0.3m | €0.4m | €0.5m | ▲ 38.9% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.005m | €0.04m | €0.04m | €0.01m | ▼ 78.8% |
| Cash at bank and in hand54/58 | €0.09m | €0.02m | €0.04m | €0.09m | €0.1m | €0.1m | €0.03m | €0.09m | ▲ 195% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.01m | €0.005m | €0.01m | €0.006m | ▼ 42.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.2m | €1.3m | €1.5m | €2.2m | €2.2m | €2.3m | ▲ 5.3% |
| Equity10/15 | €0.7m | €0.8m | €1.0m | €1.0m | €1.1m | €1.2m | €1.3m | €1.4m | ▲ 6.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.7m | €0.8m | €1.0m | €1.0m | €1.1m | €1.2m | €1.3m | €1.4m | ▲ 6.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1.0m | €1.1m | €1.2m | €1.3m | €1.4m | ▲ 6.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.5m | €0.2m | €0.3m | €0.3m | €0.4m | €1.0m | €0.9m | €0.9m | ▲ 3.0% |
| Amounts payable after more than one year17 | - | - | - | - | €0.03m | €0.6m | €0.5m | €0.5m | ▼ 6.7% |
| Financial debts170/4 | - | - | - | - | €0.03m | €0.6m | €0.5m | €0.5m | ▼ 6.7% |
| Amounts payable within one year42/48 | €0.5m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | €0.4m | ▲ 19.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.01m | €0.05m | €0.05m | €0.04m | ▼ 23.8% |
| Trade debts44 | €0.4m | €0.2m | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 13.5% |
| Suppliers440/4 | - | - | - | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 13.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.07m | €0.05m | €0.07m | €0.07m | ▲ 1.8% |
| Taxes450/3 | - | - | - | €0.005m | €0.01m | €0.006m | €0.006m | €0.009m | ▲ 45.6% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.05m | €0.05m | €0.06m | €0.06m | ▼ 3.0% |
| Other amounts payable47/48 | - | - | - | €0 | - | €0.09m | €0 | €0.1m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.001m | €15 | €15 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.07m | €0.1m | €0.2m | €0.07m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 80.4% |
| + Depreciation and write-downs630 | €0.2m | €0.1m | €0.07m | €0.06m | €0.05m | €0.1m | €0.09m | €0.1m | ▲ 6.8% |
| Operating cash flow (approximation) | €0.3m | €0.2m | €0.3m | €0.1m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 45.8% |
| Investment in fixed assets (approximation) | - | -€0.005m | -€0.05m | -€0.07m | -€0.002m | -€1.1m | -€0.1m | -€0.04m | ▲ 61.4% |
| Change in cash | - | -€0.06m | €0.02m | €0.05m | €0.05m | -€0.02m | -€0.08m | €0.06m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-07-2026 | 2026-00338087 |
| 31-12-2024 | abbreviated format | 03-07-2025 | 2025-00240748 |
| 31-12-2023 | abbreviated format | 19-06-2024 | 2024-00150465 |
| 31-12-2022 | abbreviated format | 23-06-2023 | 2023-00165316 |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20214258 |
| 31-12-2020 | abbreviated format | 13-07-2021 | 2021-35000054 |
| 31-12-2019 | abbreviated format | 23-06-2020 | 2020-21600176 |
| 31-12-2018 | abbreviated format | 17-06-2019 | 2019-20000064 |
| 31-12-2017 | abbreviated format | 22-06-2018 | 2018-23900047 |
| 31-12-2016 | abbreviated format | 29-06-2017 | 2017-26000266 |
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BE 0809.680.774
Blankenberge · equity €1,405,349
Piette - Lemille
BE 0422.134.397
Jemeppe-sur-Sambre · equity €1,404,201
Virovios Spar
BE 0751.605.785
Wervik · equity €1,401,735
Of the 10,337 active companies whose main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110), figures are known for 6,010. 1,891 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, 1 in day-to-day management, last change in 2024
Board 2
AARTCO
CurrentStatutory director · since 16-11-2023 · Private limited company · permanent representative: Pascal VANHONSEBROUCK
SHOPPING - HERMANS
CurrentDirector (not named in the articles) · since 30-11-2024 · Private limited company · permanent representative: Marcus VANHONSEBROUCK
Day-to-day management 1
AARTCO
CurrentManaging director · since 16-11-2023 · Private limited company · permanent representative: Pascal VANHONSEBROUCK
Permanent representatives 2
Pascal VANHONSEBROUCK
CurrentPermanent representative · since 16-11-2023 · for AARTCO
Marcus VANHONSEBROUCK
CurrentPermanent representative · since 30-11-2024 · for SHOPPING - HERMANS
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
5 of this company's 9 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
5 people since 2008, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| AARTCO |
|
| SHOPPING - HERMANS |
|
| Eddy CRÉPIN |
|
| Marc VANHONSEBROUCK |
|
| Pascal VANHONSEBROUCK |
|
Owners and capital
Owners
1 ownerOwners 1
-
49.87%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital over the years
- 16-11-2023 Converted to unavailable equity · €20,000
- 16-11-2023 Converted to unavailable equity · €2,000
Group and network
Connections & network
2 connected companiesHistory
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
01-09
Gazette deed
Permanent representatives: Marcus VANHONSEBROUCK and Marie DEMEYERE4 facts ▸
Gazette deed
Permanent representatives: Marcus VANHONSEBROUCK and Marie DEMEYERE
4 facts ▸
- Board meeting, 30-06-2026
- Permanent representative, Marcus VANHONSEBROUCK
- Permanent representative, Marie DEMEYERE
- Director in office, Pascal VANHONSEBROUCK (managing director)
24-07
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2025
03-07
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
20-03
Gazette deed
Appointment: SHOPPING - HERMANS (director)Permanent representatives: Marcus VANHONSEBROUCK and Pascal VANHONSEBROUCK6 facts ▸
Gazette deed
Appointment: SHOPPING - HERMANS (director)
Permanent representatives: Marcus VANHONSEBROUCK and Pascal VANHONSEBROUCK6 facts ▸
- General meeting, 30-11-2024
- Director appointment, SHOPPING - HERMANS (director (not named in the articles))
- Permanent representative, Marcus VANHONSEBROUCK
- Board composition, AARTCO (statutory director and managing director)
- Board composition, SHOPPING - HERMANS (director (not named in the articles))
- Permanent representative, Pascal VANHONSEBROUCK
2024
21-10
Gazette deed
Resignation: Eddy CRÉPIN (director and managing director)Permanent representative: Pascal Vanhonsebrouck4 facts ▸
Gazette deed
Resignation: Eddy CRÉPIN (director and managing director)
Permanent representative: Pascal Vanhonsebrouck4 facts ▸
- General meeting, 24-09-2024
- Board meeting, 24-09-2024
- Director resignation, Eddy CRÉPIN (director and managing director)
- Permanent representative, Pascal Vanhonsebrouck
19-06
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
2023
16-11
Gazette deed
Permanent representative: Pascal VANHONSEBROUCKAppointments: AARTCO (managing director) and Eddy CRÉPIN (managing director) · Resignations: Marc VANHONSEBROUCK, Pascal VANHONSEBROUCK and 2 others · Power of attorney29 facts ▸
Gazette deed
Permanent representative: Pascal VANHONSEBROUCK
Appointments: AARTCO (managing director) and Eddy CRÉPIN (managing director) · Resignations: Marc VANHONSEBROUCK, Pascal VANHONSEBROUCK and 2 others · Power of attorney29 facts ▸
- Other provision, “statutair onbeschikbaar eigen vermogen” (deed in Dutch) (2 times)
- Board composition, AARTCO (statutory director)
- Permanent representative, Pascal VANHONSEBROUCK
- Power of attorney
- Power of attorney, Bernard Loontjens
- Board composition, AARTCO (director)
- Board composition, Eddy CRÉPIN (director)
- Director appointment, AARTCO (managing director)
- Director appointment, Eddy CRÉPIN (managing director)
- Other provision, “gedelegeerd bestuurder, aanvaarding mandaat en verbodsbepaling” (deed in Dutch) (2 times)
- Board meeting, “college van bestuurders” (deed in Dutch)
- General meeting, 26-10-2023
- +17 further facts in this act
23-06
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2022
18-07
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2021
31-12
Financial
Weakest financial yearnet €71,069 ▼69.6%
Net result drops to €71,069, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1mequity €1.0m ▲7.3%
A profit in every financial year since 2018 builds equity to €1.0m.
13-07
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
Show earlier events
2020
31-12
Financial
Highest result from 2018 to 2025net €233,643 ▲144%
Operating result €288,434, net result €233,643, both a record.
23-06
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
17-06
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
22-06
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
29-06
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 34 annual accounts filed, the latest 10 are here; all 34 are under Financials.
4 of 9 deeds read
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPrivate limited company
Founded02-01-1991
Financial year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442412248
Also
9925:BE0442412248
Registered
18-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyBastogneunit no. 2.051.004.127
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1991
Ground area
5,852 m²
Building footprint
1,560 m²
Building volume
9,895 m³
2 parcels, Flanders, Wallonia · tallest building 13.7 m. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Carrefour
since 1991unit no. 2.051.004.127
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 82003E1150/00P004 | Wallonia | 4,622 m² | 1 · 1,179 m² | 8.2 m · 2 |
| 36008A0232/00N004 | Flanders | 1,231 m² | 1 · 381 m² | 13.7 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PASCALINO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bijhuizen,exploitatiezetels,administratieve zetels,filialen en agentschappen in België en buitenland bij besluit…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “- De besloten vennootschap "SHOPPING - HERMANS", met zetel te 3590 Diepenbeek, Wijkstraat 37, BTW BE 0418.454.238, RPR Antwerpen (afdeling…”deed of 20-03-2025
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde termijn, ARTIKEL 11.1” (deed in Dutch)“Niet-statutaire bestuurder, 11.2” (deed in Dutch)“Ontslag statutaire bestuurder, 11.3” (deed in Dutch)“Bezoldiging bestuurders, 12” (deed in Dutch)“13, college kan onder leden voorzitter kiezen om vergadering voor te zitten” (deed in Dutch)“13, voorzitter of bestuurder” (deed in Dutch)“Belet bestuurder mag collega volmacht geven, meerderheid van leden die volgens wet aan stemming mogen deelnemen tegenwoordig of…” (deed in Dutch)“13, besluit niet aangenomen” (deed in Dutch)“Bestuurder(s) handelen overeenkomstig wettelijke bepalingen terzake, tegenstrijdig belang” (deed in Dutch)deed of 16-11-2023
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft kandidaat-overdrager helft overige pro rata volledig overdrager bij herroeping, overdracht en overgang van aandelen en andere effecten” (deed in Dutch)“Helft kandidaat-overdrager en helft overige Aandeelhouders pro rata Aandelenbezit inclusief aanstellingskosten, ARTIKEL 10” (deed in Dutch)“Aandeelhouder die ten bezwarende titel aan derde wil overdragen stelt alles in werk opdat derde bod aan zelfde voorwaarden inclusief Prijs…” (deed in Dutch)“Prijs in waarderingsrapport deskundige, II.OVERGANG VAN EFFECTEN TEN GEVOLGE VAN OVERLIJDEN” (deed in Dutch)“III.TOEGELATEN EFFECTENOVERDRACHTEN, voorkooprecht en goedkeuringsregeling onder levenden noch goedkeuringsregeling bij overlijden bij…” (deed in Dutch)5 more provisions on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of May at 12:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Wetboek van vennootschappen en verenigingen” (deed in Dutch)