PASEGO
ActiveSummary
PASEGO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€273,642) and a net result of -€2,662. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 6% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-1
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
cash: 0.2% of total assets, and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-212.1%
Return on assets
-2.1%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€273,642
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
122 d early
2023
114 d early
2022
87 d early
2021
33 d early
2020
74 d early
2019
3 d late
← 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 69 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€273,642▼ 1.0%
2024 · -€270,980
Total assets
€129,009▲ 0.2%
2024 · €128,749
Net result
-€2,662▼ 12.5%
2024 · -€2,366
Working capital
€7,615▲ 9.4%
2019 · €6,958
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,160▲ 8.6%-€3,467▲ 43.7%-€4,461▼ 28.7%-€2,341▲ 47.5%-€2,638▼ 12.7%
Net result-€6,201below the sector's middle half▲ 8.4%-€3,521below the sector's middle half▲ 43.2%-€4,513below the sector's middle half▼ 28.2%-€2,366within the sector's middle half▲ 47.6%-€2,662within the sector's middle half▼ 12.5%
Equity-€260,580below the sector's middle half▼ 2.4%-€264,102below the sector's middle half▼ 1.4%-€268,615below the sector's middle half▼ 1.7%-€270,980below the sector's middle half▼ 0.9%-€273,642below the sector's middle half▼ 1.0%
Total assets€127,855within the sector's middle half▲ 0.2%€127,958within the sector's middle half▲ 0.1%€128,350within the sector's middle half▲ 0.3%€128,749within the sector's middle half▲ 0.3%€129,009within the sector's middle half▲ 0.2%
Debt€388,435▲ 1.7%€392,059▲ 0.9%€396,965▲ 1.3%€399,729▲ 0.7%€402,652▲ 0.7%
Working capital
Solvency-203.8%below the sector's middle half▼ 4.4pp-206.4%below the sector's middle half▼ 2.6pp-209.3%below the sector's middle half▼ 2.9pp-210.5%below the sector's middle half▼ 1.2pp-212.1%below the sector's middle half▼ 1.6pp
Current ratio
Return on assets (ROA)-4.9%below the sector's middle half▲ 0.5pp-2.8%below the sector's middle half▲ 2.1pp-3.5%below the sector's middle half▼ 0.8pp-1.8%within the sector's middle half▲ 1.7pp-2.1%within the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,638 in 2025 against €2,341 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129,009
Fixed assets
€118,240 =
Current assets
€10,769 ▲ 2.5%
Key figures and ratios
Debt to equity
-1.47▲
2024 · -1.48
Debt > 1 year
€402,652▲
2024 · €399,729
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €435 | €437 | - | - | - | - |
| Other operating charges640/8 | - | €112 | - | €115 | €399 | ▲ 247% |
| Gross operating margin9900 | -€5,726 | -€2,918 | -€4,461 | -€2,226 | -€2,239 | ▼ 0.6% |
| Operating profit (loss)9901 | -€6,160 | -€3,467 | -€4,461 | -€2,341 | -€2,638 | ▼ 12.7% |
| Financial charges65/66B | €41 | €54 | €52 | €24 | €24 | ▼ 1.8% |
| Recurring financial charges65 | €41 | €54 | €52 | €24 | €24 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | -€6,201 | -€3,521 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| Profit (loss) for the period9904 | -€6,201 | -€3,521 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| Profit (loss) for the period to be appropriated9905 | -€6,201 | -€3,521 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,855 | €127,958 | €128,350 | €128,749 | €129,009 | ▲ 0.2% |
| Fixed assets21/28 | €118,677 | €118,240 | €118,240 | €118,240 | €118,240 | = |
| Tangible fixed assets22/27 | €13,137 | €12,700 | €12,700 | €12,700 | €12,700 | = |
| Plant, machinery and equipment23 | €12,700 | €12,700 | €12,700 | €12,700 | €12,700 | = |
| Furniture and vehicles24 | €437 | - | - | - | - | - |
| Financial fixed assets28 | €105,540 | €105,540 | €105,540 | €105,540 | €105,540 | = |
| Current assets29/58 | €9,178 | €9,718 | €10,110 | €10,509 | €10,769 | ▲ 2.5% |
| Stocks and contracts in progress3 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Stocks30/36 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Amounts receivable within one year40/41 | €2,119 | €2,552 | €3,110 | €3,291 | €3,500 | ▲ 6.3% |
| Other amounts receivable41 | €2,119 | €2,552 | €3,110 | €3,291 | €3,500 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €58 | €165 | - | €218 | €269 | ▲ 23.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,855 | €127,958 | €128,350 | €128,749 | €129,009 | ▲ 0.2% |
| Equity10/15 | -€260,580 | -€264,102 | -€268,615 | -€270,980 | -€273,642 | ▼ 1.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,737 | €1,737 | €1,737 | €1,737 | €1,737 | = |
| Non-distributable reserves130/1 | €1,737 | €1,737 | €1,737 | €1,737 | €1,737 | = |
| Reserves not available under the articles1311 | €1,737 | €1,737 | €1,737 | €1,737 | €1,737 | = |
| Profit (loss) carried forward14 | -€280,917 | -€284,438 | -€288,951 | -€291,317 | -€293,979 | ▼ 0.9% |
| Amounts payable17/49 | €388,435 | €392,059 | €396,965 | €399,729 | €402,652 | ▲ 0.7% |
| Amounts payable after more than one year17 | €388,435 | €392,059 | €396,965 | €399,729 | €402,652 | ▲ 0.7% |
| Other amounts payable178/9 | €388,435 | €392,059 | €396,965 | €399,729 | €402,652 | ▲ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,201 | -€3,521 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| + Depreciation and write-downs630 | €435 | €437 | - | - | - | - |
| Operating cash flow (approximation) | -€5,767 | -€3,084 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €107 | - | - | €52 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€6,767
Net result drops to -€6,767, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
08-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Koksijde · 1 establishment unit since 2004
Ground area
1,265 m²
Building footprint
313 m²
Volume, LiDAR
1,466 m³
Parcel 38502F0716/00D000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pasego
since 20042.137.794.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502F0716/00D000 | Flanders | 1,265 m² | 1 · 313 m² | 9.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 583 companies in sector 46496 we hold annual accounts for 384. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46496Wholesale trade
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
Contact
Phone
058/23.57.14Koksijde
Fax
058/23.21.31Koksijde
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864580004
Also
9925:BE0864580004
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.