PASEGO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 04-06-2026 PDF all 22 filings
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
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€2,638
▼ 12.7%
2025
20182025
Net result
-€2,662
▼ 12.5%
2025
middle half of the sector
20182025
Equity
-€273,642
▼ 1.0%
2025
lowest quarter of the sector
20182025
Total assets
€129,009
▲ 0.2%
2025
middle half of the sector
20182025
Debt
€402,652
▲ 0.7%
2025
20182025
Working capital
no figure
2025
20182025
Solvency
-212.1%
▼ 1.6pp
2025
lowest quarter of the sector
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
-2.1%
▼ 0.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€981--€5,214▼ 431%-€6,737▼ 29.2%-€6,160▲ 8.6%-€3,467▲ 43.7%-€4,461▼ 28.7%-€2,341▲ 47.5%-€2,638▼ 12.7%
Net result-€1,021--€5,249▼ 414%-€6,767below the sector's middle half▼ 28.9%-€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-€242,363--€247,612▼ 2.2%-€254,379below the sector's middle half▼ 2.7%-€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€130,830-€126,269▼ 3.5%€127,560within the sector's middle half▲ 1.0%€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€373,194-€373,881▲ 0.2%€381,939▲ 2.2%€388,435▲ 1.7%€392,059▲ 0.9%€396,965▲ 1.3%€399,729▲ 0.7%€402,652▲ 0.7%
Working capital€11,757-€6,958▼ 40.8%€7,615within the sector's middle half▲ 9.4%
Solvency-185.3%--196.1%▼ 10.8pp-199.4%below the sector's middle half▼ 3.3pp-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 ratio15.11-7.49▼ 7.6210.14above the sector's middle half▲ 2.64
Return on assets (ROA)-0.8%--4.2%▼ 3.4pp-5.3%below the sector's middle half▼ 1.1pp-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 sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €2,638, larger than the loss of €2,341 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
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%
Equity and liabilities
Equity-€273,642
Debt€402,652
Equity is negative. Debt (€402,652) exceeds the balance-sheet total (€129,009).
Key figures and ratios
Debt > 1 year
€402,652▲
2024 · €399,729
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €432 | €435 | €437 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €112 | - | €115 | €399 | ▲ 247% |
| Gross operating margin9900 | -€876 | -€5,107 | -€6,196 | -€5,726 | -€2,918 | -€4,461 | -€2,226 | -€2,239 | ▼ 0.6% |
| Operating profit (loss)9901 | -€981 | -€5,214 | -€6,737 | -€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 | €40 | €35 | €30 | €41 | €54 | €52 | €24 | €24 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | -€1,021 | -€5,249 | -€6,767 | -€6,201 | -€3,521 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| Profit (loss) for the period9904 | -€1,021 | -€5,249 | -€6,767 | -€6,201 | -€3,521 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,021 | -€5,249 | -€6,767 | -€6,201 | -€3,521 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €130,830 | €126,269 | €127,560 | €127,855 | €127,958 | €128,350 | €128,749 | €129,009 | ▲ 0.2% |
| Fixed assets21/28 | €118,240 | €118,240 | €119,112 | €118,677 | €118,240 | €118,240 | €118,240 | €118,240 | = |
| Tangible fixed assets22/27 | €12,700 | €12,700 | €13,572 | €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 | €105,540 | €105,540 | €105,540 | = |
| Current assets29/58 | €12,590 | €8,029 | €8,448 | €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 | €7,000 | €7,000 | €7,000 | = |
| Stocks30/36 | - | - | - | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Amounts receivable within one year40/41 | €190 | €838 | €1,390 | €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 | €5,400 | €191 | €58 | €58 | €165 | - | €218 | €269 | ▲ 23.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €130,830 | €126,269 | €127,560 | €127,855 | €127,958 | €128,350 | €128,749 | €129,009 | ▲ 0.2% |
| Equity10/15 | -€242,363 | -€247,612 | -€254,379 | -€260,580 | -€264,102 | -€268,615 | -€270,980 | -€273,642 | ▼ 1.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,737 | €1,737 | €1,737 | €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 | -€262,700 | -€267,949 | -€274,716 | -€280,917 | -€284,438 | -€288,951 | -€291,317 | -€293,979 | ▼ 0.9% |
| Amounts payable17/49 | €373,194 | €373,881 | €381,939 | €388,435 | €392,059 | €396,965 | €399,729 | €402,652 | ▲ 0.7% |
| Amounts payable after more than one year17 | €372,360 | €372,810 | €381,105 | €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% |
| Amounts payable within one year42/48 | €833 | €1,071 | €833 | - | - | - | - | - | - |
| Trade debts44 | €833 | €1,071 | €833 | - | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,021 | -€5,249 | -€6,767 | -€6,201 | -€3,521 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| + Depreciation and write-downs630 | - | - | €432 | €435 | €437 | - | - | - | - |
| Operating cash flow (approximation) | -€1,021 | -€5,249 | -€6,335 | -€5,767 | -€3,084 | -€4,513 | -€2,366 | -€2,662 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,304 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,209 | -€133 | -€0 | €107 | - | - | €52 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00137804 | |
| 31-12-2024 | micro format | 31-03-2025 | 2025-00059395 | |
| 31-12-2023 | micro format | 08-04-2024 | 2024-00059570 | |
| 31-12-2022 | micro format | 05-05-2023 | 2023-00080783 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20100531 | |
| 31-12-2020 | micro format | 18-05-2021 | 2021-14400534 | |
| 31-12-2019 | micro format | 03-08-2020 | 2020-38300431 | |
| 31-12-2018 | micro format | 08-04-2019 | 2019-09500149 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36500461 | |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29400537 |