PASCORTHO
ActiveThe computed 12-month bankruptcy probability of PASCORTHO is 2.5% (moderate). The 2025 annual accounts show equity of €187k and a net result of €36k. Equity is growing by ~12.9% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+3
Solvency86▼-14
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 15.78 in 2024; short-term debt: 38.7% and cash: 84.1% of total assets), and 38.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 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 2025Solvency, return and age of the figures
Solvency
61.2%
Return on assets
11.9%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
22 d early
2024
28 d early
2023
27 d early
2022
13 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▼ 27.1%
2024 · €257k
2022: €103k
2023: €231k
2024: €257k
2022 → 2025
Total assets
€306k▲ 11.4%
2024 · €275k
2022: €142k
2023: €262k
2024: €275k
2022 → 2025
Net result
€36k▲ 40.1%
2024 · €26k
2022: €101k
2023: €128k
2024: €26k
2022 → 2025
Working capital
€177k▼ 30.7%
2024 · €255k
2022: €99k
2023: €229k
2024: €255k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€103k-€231k▲ 124%€257k▲ 11.2%€187k▼ 27.1%
Operating result€129k-€165k▲ 28.0%€33k▼ 80.1%€45k▲ 38.4%
Net result€101k-€128k▲ 26.6%€26k▼ 79.6%€36k▲ 40.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €306k
Fixed assets
€11k▲ 326%
Current assets
€295k▲ 8.5%
Equity and liabilities €306k
Equity
€187k▼ 27.1%
Debt
€119k▲ 567%
The debt ratio rises from 6.5% to 38.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46k▲
2024 · €33k
Cash flow
€37k▲
2024 · €26k
Solvency
61.2%▼
2024 · 93.5%
Current ratio
2.49▼
2024 · 15.78
Quick ratio
2.49▼
2024 · 15.78
Debt / equity
0.63▲
2024 · 0.07
ROE
19.4%▲
2024 · 10.1%
ROA
11.9%▲
2024 · 9.5%
Interest coverage
313.85▼
2024 · 3327558.00
Debt
€119k▲
2024 · €18k
Debt ≤ 1 year
€119k▲
2024 · €17k
Income taxes
€10k▲
2024 · €7k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€275k€306k▲
Fixed assets21/28€3k€11k▲
Tangible fixed assets22/27€3k€11k▲
Plant, machinery and equipment23€2k€7k▲
Furniture and vehicles24€59€4k▲
Current assets29/58€272k€295k▲
Amounts receivable within one year40/41€13k€13k▲
Other amounts receivable41€13k€13k▲
Cash at bank and in hand54/58€246k€257k▲
Deferred charges and accrued income490/1€13k€25k▲
Equity and liabilities
Total equity and liabilities10/49€275k€306k▲
Equity10/15€257k€187k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€254k€185k▼
Amounts payable17/49€18k€119k▲
Amounts payable within one year42/48€17k€119k▲
Trade debts44€2k€424▼
Suppliers440/4€2k€424▼
Taxes, remuneration and social security45€6k€22k▲
Taxes450/3€3k€18k▲
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€9k€96k▲
Accrued charges and deferred income492/3€550€103▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€418€804▲
Other operating charges640/8€879€662▼
Gross operating margin9900€34k€47k▲
Operating profit (loss)9901€33k€45k▲
Financial income75/76B€338€884▲
Recurring financial income75€338€884▲
Financial charges65/66B€0€147▲
Recurring financial charges65€0€147▲
Profit (loss) for the period before taxes9903€33k€46k▲
Income taxes67/77€7k€10k▲
Profit (loss) for the period9904€26k€36k▲
Profit (loss) for the period to be appropriated9905€26k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€254k€291k▲
Profit (loss) brought forward from the previous period14P€228k€254k▲
Profit to be distributed694/7-€106k
Return on contributions (dividend)694-€106k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €26k ▼79.6%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €128k ▲26.6%
Operating result €165k, net result €128k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 8.39
Current ratio from 3.59 to 8.39; short-term debt falls from €38k to €31k.
31-12
Financial
Equity above €200kEq €231k ▲124%
2 profitable years in a row build equity to €231k.
18-07
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.
Directors · office · real estate
Directors
2 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, Olne · 1 establishment unit since 2022
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.
Sokeu 24877 OlneGround area
724 m²
Building footprint
273 m²
Volume, LiDAR
1,771 m³
Parcel 63057B1048/00E000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sokeu 2, 4877 Olne
since 20222.327.734.338
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63057B1048/00E000 | Wallonia | 724 m² | 1 · 273 m² | 8.5 m · 2 fl. |
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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2022
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.