PASEO
ActiveSummary
The computed 12-month bankruptcy probability of PASEO is 2.2% (moderate). The 2024 annual accounts show equity of €372k and a net result of €122k. 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 €30k 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.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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
Financials · fiscal year 2024, micro schema
Equity
€372k▲ 47.4%
2023 · €253k
Total assets
€383k▲ 38.2%
2023 · €277k
Net result
€122k▲ 17.3%
2023 · €104k
Working capital
€319k▲ 72.7%
2023 · €185k
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€105k▲ 35.9%€88k▼ 16.3%€121k▲ 37.9%€133k▲ 10.2%€153k▲ 14.9%
Net result€85k▲ 41.6%€69k▼ 19.0%€98k▲ 42.6%€104k▲ 5.3%€122k▲ 17.3%
Equity€212k▲ 31.0%€279k▲ 31.8%€376k▲ 34.7%€253k▼ 32.8%€372k▲ 47.4%
Total assets€241k▲ 23.6%€304k▲ 26.2%€388k▲ 27.7%€277k▼ 28.5%€383k▲ 38.2%
Debt€29k▼ 12.5%€25k▼ 15.0%€12k▼ 51.5%€25k▲ 104%€11k▼ 56.1%
Working capital€185k▲ 25.0%€254k▲ 37.4%€293k▲ 15.3%€185k▼ 36.9%€319k▲ 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 €383k
Fixed assets
€53k ▼ 21.6%
Current assets
€330k ▲ 57.6%
Equity and liabilities €383k
Equity
€372k ▲ 47.4%
Debt
€11k ▼ 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
€168k▲
2023 · €148k
Cash flow
€136k▲
2023 · €118k
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
€11k▼
2023 · €25k
Income taxes
€36k▲
2023 · €30k
Staff costs
€23k▲
2023 · €22k
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 | - | - | €11k | - | - | - |
| Remuneration, social security and pensions62 | - | €18k | €20k | €22k | €23k | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €8k | €14k | €15k | €15k | ▼ 1.4% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▼ 1.5% |
| Gross operating margin9900 | €135k | €115k | €156k | €172k | €192k | ▲ 11.6% |
| Operating profit (loss)9901 | €105k | €88k | €121k | €133k | €153k | ▲ 14.9% |
| Financial income75/76B | - | €114 | €161 | €355 | €4k | ▲ 1,103% |
| Recurring financial income75 | €0 | €114 | €161 | €355 | €4k | ▲ 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 | €104k | €87k | €120k | €133k | €157k | ▲ 17.9% |
| Income taxes67/77 | €19k | €18k | €22k | €30k | €36k | ▲ 19.9% |
| Profit (loss) for the period9904 | €85k | €69k | €98k | €104k | €122k | ▲ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €85k | €69k | €98k | €104k | €122k | ▲ 17.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €241k | €304k | €388k | €277k | €383k | ▲ 38.2% |
| Fixed assets21/28 | €34k | €25k | €83k | €68k | €53k | ▼ 21.6% |
| Tangible fixed assets22/27 | €34k | €25k | €83k | €68k | €53k | ▼ 21.6% |
| Land and buildings22 | - | €3k | €3k | €2k | €2k | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €669 | €66k | €59k | €52k | ▼ 12.1% |
| Furniture and vehicles24 | - | €21k | €14k | €7k | €96 | ▼ 98.7% |
| Current assets29/58 | €207k | €279k | €305k | €209k | €330k | ▲ 57.6% |
| Stocks and contracts in progress3 | €6k | €12k | €9k | €10k | €10k | = |
| Stocks30/36 | - | €12k | €9k | €10k | €10k | = |
| Amounts receivable within one year40/41 | €3k | €4k | €5k | €6k | €6k | ▲ 2.8% |
| Trade receivables40 | - | €2k | €3k | €4k | €3k | ▼ 31.2% |
| Other amounts receivable41 | - | €2k | €3k | €2k | €3k | ▲ 68.1% |
| Current investments50/53 | - | - | - | - | €125k | - |
| Cash at bank and in hand54/58 | €197k | €262k | €290k | €193k | €189k | ▼ 2.3% |
| Deferred charges and accrued income490/1 | - | €680 | €704 | €753 | €722 | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €241k | €304k | €388k | €277k | €383k | ▲ 38.2% |
| Equity10/15 | €212k | €279k | €376k | €253k | €372k | ▲ 47.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €234k | €354k | ▲ 51.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €234k | €354k | ▲ 51.2% |
| Profit (loss) carried forward14 | €191k | €259k | €355k | - | - | - |
| Amounts payable17/49 | €29k | €25k | €12k | €25k | €11k | ▼ 56.1% |
| Amounts payable after more than one year17 | €7k | €549 | - | - | - | - |
| Financial debts170/4 | - | €549 | - | - | - | - |
| Amounts payable within one year42/48 | €22k | €24k | €12k | €25k | €11k | ▼ 56.1% |
| Current portion of amounts payable after more than one year42 | - | €7k | €549 | - | - | - |
| Trade debts44 | €6k | €11k | €4k | €7k | €3k | ▼ 60.2% |
| Suppliers440/4 | - | €11k | €4k | €7k | €3k | ▼ 60.2% |
| Taxes, remuneration and social security45 | - | €1k | €2k | €12k | €3k | ▼ 77.0% |
| Taxes450/3 | - | - | - | €10k | €158 | ▼ 98.4% |
| Remuneration and social security454/9 | - | €1k | €2k | €3k | €3k | ▲ 2.4% |
| Other amounts payable47/48 | - | €5k | €5k | €5k | €5k | ▲ 1.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85k | €69k | €98k | €104k | €122k | ▲ 17.3% |
| + Depreciation and write-downs630 | €9k | €8k | €14k | €15k | €15k | ▼ 1.4% |
| Operating cash flow (approximation) | €94k | €77k | €112k | €118k | €136k | ▲ 15.0% |
| Investment in fixed assets (approximation) | - | €0 | €-71k | €0 | €0 | - |
| Change in cash | - | €65k | €29k | €-97k | €-5k | ▲ 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.
More with these figures Sector benchmark What changed Value indication
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 €122k ▲17.3%
Operating result €153k, net result €122k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 30.69
Current ratio from 8.54 to 30.69; short-term debt falls from €25k to €11k.
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 €24k to €12k.
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 €200kEq €212k ▲31%
3 profitable years in a row build equity to €212k.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €60k ▼0%
Net result drops to €60k, 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 €27k to €20k.
Show earlier events
31-12
Financial
Equity above €150kEq €161k ▲63.2%
2 profitable years in a row build equity to €161k.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
Similar companies · same sector, comparable size
Orient-HZ
BE 0521.901.075
Heusden-Zolder · Eq €372,757
PROFRIET
BE 0475.836.963
Diksmuide · Eq €372,149
Den Afhaal
BE 0700.767.491
Wuustwezel · Eq €372,897
ATAF ANTWERPEN
BE 0864.965.133
Antwerpen · Eq €371,902
ESTAMINET
BE 0824.020.839
Brugge · Eq €371,878
Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 5,196 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.