PASEO
ActiveSummary
The computed 12-month bankruptcy probability of PASEO is 2.2% (moderate). The 2024 annual accounts show equity of €372,464 and a net result of €121,506. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 95% of 18936 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 30.69 against 8.54 in 2023; short-term debt: 2.8% and cash: 49.3% of total assets), and 2.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
97.2%
Return on assets
31.7%
Age of the figures
21 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 24-06-2025, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
35 d early
2022
80 d early
2021
76 d early
2020
74 d early
2019
79 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2024, micro schema
Equity
€372,464▲ 47.4%
2023 · €252,676
Total assets
€383,219▲ 38.2%
2023 · €277,196
Net result
€121,506▲ 17.3%
2023 · €103,555
Working capital
€319,303▲ 72.7%
2023 · €184,909
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€104,674▲ 35.9%€87,583▼ 16.3%€120,800▲ 37.9%€133,123▲ 10.2%€152,901▲ 14.9%
Net result€85,141▲ 41.6%€68,994▼ 19.0%€98,360▲ 42.6%€103,555▲ 5.3%€121,506▲ 17.3%
Equity€211,634▲ 31.0%€279,027▲ 31.8%€375,787▲ 34.7%€252,676▼ 32.8%€372,464▲ 47.4%
Total assets€240,741▲ 23.6%€303,760▲ 26.2%€387,782▲ 27.7%€277,196▼ 28.5%€383,219▲ 38.2%
Debt€29,107▼ 12.5%€24,733▼ 15.0%€11,995▼ 51.5%€24,520▲ 104%€10,755▼ 56.1%
Working capital€185,151▲ 25.0%€254,369▲ 37.4%€293,211▲ 15.3%€184,909▼ 36.9%€319,303▲ 72.7%
Staff (FTE)0.5=1▲ 100%1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €383,219
Fixed assets
€53,161 ▼ 21.6%
Current assets
€330,058 ▲ 57.6%
Equity and liabilities €383,219
Equity
€372,464 ▲ 47.4%
Debt
€10,755 ▼ 56.1%
Debt's share of the balance-sheet total falls from 8.8% to 2.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€167,507▲
2023 · €147,933
Cash flow
€136,112▲
2023 · €118,364
Current ratio
30.69▲
2023 · 8.54
Quick ratio
29.81▲
2023 · 8.15
Debt to equity
0.03▼
2023 · 0.10
ROE
32.6%▼
2023 · 41.0%
ROA
31.7%▼
2023 · 37.4%
Interest coverage
2637.49▲
2023 · 665.41
Debt ≤ 1 year
€10,755▼
2023 · €24,520
Income taxes
€35,602▲
2023 · €29,701
Staff costs
€22,835▲
2023 · €22,377
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,000 | - | - | - |
| Remuneration, social security and pensions62 | - | €17,615 | €20,057 | €22,377 | €22,835 | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,289 | €8,379 | €13,631 | €14,810 | €14,606 | ▼ 1.4% |
| Other operating charges640/8 | - | €1,823 | €1,809 | €2,086 | €2,054 | ▼ 1.5% |
| Gross operating margin9900 | €134,775 | €115,400 | €156,298 | €172,397 | €192,396 | ▲ 11.6% |
| Operating profit (loss)9901 | €104,674 | €87,583 | €120,800 | €133,123 | €152,901 | ▲ 14.9% |
| Financial income75/76B | - | €114 | €161 | €355 | €4,270 | ▲ 1,103% |
| Recurring financial income75 | €0 | €114 | €161 | €355 | €4,270 | ▲ 1,103% |
| Financial charges65/66B | - | €324 | €539 | €222 | €64 | ▼ 71.4% |
| Recurring financial charges65 | €265 | €324 | €539 | €222 | €64 | ▼ 71.4% |
| Profit (loss) for the period before taxes9903 | €104,409 | €87,373 | €120,421 | €133,256 | €157,108 | ▲ 17.9% |
| Income taxes67/77 | €19,268 | €18,380 | €22,061 | €29,701 | €35,602 | ▲ 19.9% |
| Profit (loss) for the period9904 | €85,141 | €68,994 | €98,360 | €103,555 | €121,506 | ▲ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €85,141 | €68,994 | €98,360 | €103,555 | €121,506 | ▲ 17.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €240,741 | €303,760 | €387,782 | €277,196 | €383,219 | ▲ 38.2% |
| Fixed assets21/28 | €33,587 | €25,208 | €82,577 | €67,767 | €53,161 | ▼ 21.6% |
| Tangible fixed assets22/27 | €33,587 | €25,208 | €82,577 | €67,767 | €53,161 | ▼ 21.6% |
| Land and buildings22 | - | €3,443 | €2,733 | €2,023 | €1,517 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €669 | €65,748 | €58,648 | €51,548 | ▼ 12.1% |
| Furniture and vehicles24 | - | €21,096 | €14,096 | €7,096 | €96 | ▼ 98.7% |
| Current assets29/58 | €207,154 | €278,553 | €305,206 | €209,429 | €330,058 | ▲ 57.6% |
| Stocks and contracts in progress3 | €6,250 | €12,038 | €8,800 | €9,500 | €9,500 | = |
| Stocks30/36 | - | €12,038 | €8,800 | €9,500 | €9,500 | = |
| Amounts receivable within one year40/41 | €2,759 | €4,316 | €5,404 | €5,824 | €5,990 | ▲ 2.8% |
| Trade receivables40 | - | €1,999 | €2,738 | €3,827 | €2,633 | ▼ 31.2% |
| Other amounts receivable41 | - | €2,317 | €2,667 | €1,997 | €3,357 | ▲ 68.1% |
| Current investments50/53 | - | - | - | - | €125,000 | - |
| Cash at bank and in hand54/58 | €196,937 | €261,519 | €290,297 | €193,352 | €188,846 | ▼ 2.3% |
| Deferred charges and accrued income490/1 | - | €680 | €704 | €753 | €722 | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €240,741 | €303,760 | €387,782 | €277,196 | €383,219 | ▲ 38.2% |
| Equity10/15 | €211,634 | €279,027 | €375,787 | €252,676 | €372,464 | ▲ 47.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €234,076 | €353,864 | ▲ 51.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €234,076 | €353,864 | ▲ 51.2% |
| Profit (loss) carried forward14 | €191,174 | €258,567 | €355,327 | - | - | - |
| Amounts payable17/49 | €29,107 | €24,733 | €11,995 | €24,520 | €10,755 | ▼ 56.1% |
| Amounts payable after more than one year17 | €7,104 | €549 | - | - | - | - |
| Financial debts170/4 | - | €549 | - | - | - | - |
| Amounts payable within one year42/48 | €22,003 | €24,184 | €11,995 | €24,520 | €10,755 | ▼ 56.1% |
| Current portion of amounts payable after more than one year42 | - | €6,555 | €549 | - | - | - |
| Trade debts44 | €6,143 | €11,463 | €4,201 | €7,349 | €2,923 | ▼ 60.2% |
| Suppliers440/4 | - | €11,463 | €4,201 | €7,349 | €2,923 | ▼ 60.2% |
| Taxes, remuneration and social security45 | - | €1,310 | €2,389 | €12,250 | €2,816 | ▼ 77.0% |
| Taxes450/3 | - | - | - | €9,654 | €158 | ▼ 98.4% |
| Remuneration and social security454/9 | - | €1,310 | €2,389 | €2,595 | €2,658 | ▲ 2.4% |
| Other amounts payable47/48 | - | €4,856 | €4,856 | €4,922 | €5,015 | ▲ 1.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,141 | €68,994 | €98,360 | €103,555 | €121,506 | ▲ 17.3% |
| + Depreciation and write-downs630 | €9,289 | €8,379 | €13,631 | €14,810 | €14,606 | ▼ 1.4% |
| Operating cash flow (approximation) | €94,430 | €77,373 | €111,991 | €118,364 | €136,112 | ▲ 15.0% |
| Investment in fixed assets (approximation) | - | €0 | -€71,000 | €0 | €0 | - |
| Change in cash | - | €64,582 | €28,778 | -€96,945 | -€4,506 | ▲ 95.4% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €121,506 ▲17.3%
Operating result €152,901, net result €121,506, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 30.69
Current ratio from 8.54 to 30.69; short-term debt falls from €24,520 to €10,755.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 25.44
Current ratio from 11.52 to 25.44; short-term debt falls from €24,184 to €11,995.
16-05
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
Equity above €200,000Eq €211,634 ▲31%
3 profitable years in a row build equity to €211,634.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €60,128 ▼0%
Net result drops to €60,128, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 8.54
Current ratio from 3.98 to 8.54; short-term debt falls from €27,198 to €19,658.
Show earlier events
31-12
Financial
Equity above €150,000Eq €161,493 ▲63.2%
2 profitable years in a row build equity to €161,493.
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
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 3 acts read
About the unread acts
We know of 3 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
3 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, Mol · 2 establishment units since 2016
Ground area
1,486 m²
Building footprint
147 m²
Volume, LiDAR
607 m³
2 parcels, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Paseo
since 20162.260.500.173
Paseo
since 20162.260.500.272
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G0980/00X000 | Flanders | 1,429 m² | 1 · 147 m² | 5.0 m · 1 fl. |
| 13025G0973/00A031indicative | Flanders | 57 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMol2.260.500.173
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,778. 5,199 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.