PASEREST
ActiveSummary
PASEREST has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175,014 and a net result of €11,506. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 18932 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 5.1 against 6.06 in 2024; short-term debt: 15.3% and cash: 22.9% of total assets), and 20.1% 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 · 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
55 d late
2024
119 d late
2023
61 d late
2022
68 d late
2021
31 d late
2020
123 d late
2019
69 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 75 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€175,014▲ 7.0%
2024 · €163,508
Total assets
€219,012▲ 5.7%
2024 · €207,125
Net result
€11,506▲ 316%
2024 · €2,768
Working capital
€137,308▲ 6.3%
2024 · €129,219
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
Line20212022202320242025
Operating result€6,753€6,833▲ 1.2%€22,555▲ 230%€3,802▼ 83.1%€9,504▲ 150%
Net result€7,182€10,499▲ 46.2%€18,448▲ 75.7%€2,768▼ 85.0%€11,506▲ 316%
Equity€131,793▲ 5.8%€142,292▲ 8.0%€160,740▲ 13.0%€163,508▲ 1.7%€175,014▲ 7.0%
Total assets€152,239▼ 9.0%€159,681▲ 4.9%€176,884▲ 10.8%€207,125▲ 17.1%€219,012▲ 5.7%
Debt€20,446▼ 51.5%€17,389▼ 15.0%€16,144▼ 7.2%€43,617▲ 170%€43,998▲ 0.9%
Working capital€111,443▲ 9.3%€120,885▲ 8.5%€141,882▲ 17.4%€129,219▼ 8.9%€137,308▲ 6.3%
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 150% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219,012
Fixed assets
€48,229 ▼ 7.9%
Current assets
€170,783 ▲ 10.3%
Equity and liabilities €219,012
Equity
€175,014 ▲ 7.0%
Debt
€43,998 ▲ 0.9%
Debt's share of the balance-sheet total falls from 21.1% to 20.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,254▲
2024 · €13,706
Cash flow
€16,256▲
2024 · €12,672
Current ratio
5.10▼
2024 · 6.06
Quick ratio
4.54▼
2024 · 5.25
Debt to equity
0.25▼
2024 · 0.27
ROE
6.6%▲
2024 · 1.7%
ROA
5.3%▲
2024 · 1.3%
Interest coverage
8.88▲
2024 · 8.23
Debt ≤ 1 year
€33,475▲
2024 · €25,552
Debt > 1 year
€10,523▼
2024 · €18,065
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €78 | €42 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,033 | €4,222 | €4,648 | €9,904 | €4,750 | ▼ 52.0% |
| Other operating charges640/8 | €1,367 | €1,627 | €1,682 | €2,362 | €2,062 | ▼ 12.7% |
| Gross operating margin9900 | €17,231 | €12,724 | €28,885 | €16,068 | €16,316 | ▲ 1.5% |
| Operating profit (loss)9901 | €6,753 | €6,833 | €22,555 | €3,802 | €9,504 | ▲ 150% |
| Financial income75/76B | €4,462 | €4,459 | €2,858 | €3,763 | €4,287 | ▲ 13.9% |
| Recurring financial income75 | €4,462 | €4,459 | €2,858 | €3,763 | €4,287 | ▲ 13.9% |
| Financial charges65/66B | €1,896 | €668 | €6,808 | €1,666 | €2,285 | ▲ 37.2% |
| Recurring financial charges65 | €1,896 | €668 | €5,061 | €1,666 | €1,605 | ▼ 3.7% |
| Non-recurring financial charges66B | - | - | €1,747 | - | €680 | - |
| Profit (loss) for the period before taxes9903 | €9,319 | €10,624 | €18,605 | €5,899 | €11,506 | ▲ 95.1% |
| Transfer from deferred taxes780 | €476 | - | - | - | - | - |
| Income taxes67/77 | €2,613 | €125 | €157 | €3,131 | - | - |
| Profit (loss) for the period9904 | €7,182 | €10,499 | €18,448 | €2,768 | €11,506 | ▲ 316% |
| Transfer from tax-exempt reserves789 | €924 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8,106 | €10,499 | €18,448 | €2,768 | €11,506 | ▲ 316% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,239 | €159,681 | €176,884 | €207,125 | €219,012 | ▲ 5.7% |
| Fixed assets21/28 | €20,350 | €21,407 | €18,858 | €52,354 | €48,229 | ▼ 7.9% |
| Tangible fixed assets22/27 | €20,350 | €21,407 | €18,858 | €52,354 | €48,229 | ▼ 7.9% |
| Land and buildings22 | €14,255 | €11,368 | €10,880 | €13,443 | €11,189 | ▼ 16.8% |
| Plant, machinery and equipment23 | €6,095 | €10,039 | €7,978 | €5,746 | €4,555 | ▼ 20.7% |
| Furniture and vehicles24 | - | - | - | €33,165 | €32,485 | ▼ 2.1% |
| Current assets29/58 | €131,889 | €138,274 | €158,026 | €154,771 | €170,783 | ▲ 10.3% |
| Stocks and contracts in progress3 | €15,313 | €24,551 | €22,008 | €20,508 | €18,964 | ▼ 7.5% |
| Stocks30/36 | €15,313 | €24,551 | €22,008 | €20,508 | €18,964 | ▼ 7.5% |
| Amounts receivable within one year40/41 | €73,220 | €57,376 | €52,968 | €71,404 | €94,797 | ▲ 32.8% |
| Trade receivables40 | €504 | €800 | €1,460 | €3,000 | €4,121 | ▲ 37.4% |
| Other amounts receivable41 | €72,716 | €56,576 | €51,508 | €68,404 | €90,676 | ▲ 32.6% |
| Cash at bank and in hand54/58 | €37,869 | €51,314 | €75,224 | €56,100 | €50,058 | ▼ 10.8% |
| Deferred charges and accrued income490/1 | €5,487 | €5,033 | €7,826 | €6,759 | €6,964 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,239 | €159,681 | €176,884 | €207,125 | €219,012 | ▲ 5.7% |
| Equity10/15 | €131,793 | €142,292 | €160,740 | €163,508 | €175,014 | ▲ 7.0% |
| Contributions10/11 | €6,197 | €6,197 | €8,057 | €8,057 | €8,057 | = |
| Capital10 | €6,197 | €6,197 | - | - | - | - |
| Issued capital100 | €18,592 | €18,592 | - | - | - | - |
| Uncalled capital101 | €12,395 | €12,395 | - | - | - | - |
| Reserves13 | €17,302 | €17,302 | €15,442 | €15,442 | €15,442 | = |
| Non-distributable reserves130/1 | €17,302 | €17,302 | €15,442 | €15,442 | €15,442 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Other1319 | €15,442 | €15,442 | €15,442 | €15,442 | €15,442 | = |
| Profit (loss) carried forward14 | €108,294 | €118,793 | €137,241 | €140,009 | €151,515 | ▲ 8.2% |
| Amounts payable17/49 | €20,446 | €17,389 | €16,144 | €43,617 | €43,998 | ▲ 0.9% |
| Amounts payable after more than one year17 | - | - | - | €18,065 | €10,523 | ▼ 41.7% |
| Financial debts170/4 | - | - | - | €18,065 | €10,523 | ▼ 41.7% |
| Amounts payable within one year42/48 | €20,446 | €17,389 | €16,144 | €25,552 | €33,475 | ▲ 31.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,254 | €7,542 | ▲ 4.0% |
| Financial debts43 | - | - | €12 | - | - | - |
| Credit institutions430/8 | - | - | €12 | - | - | - |
| Trade debts44 | €15,465 | €14,737 | €11,217 | €11,930 | €21,748 | ▲ 82.3% |
| Suppliers440/4 | €15,465 | €14,737 | €11,217 | €11,930 | €21,748 | ▲ 82.3% |
| Advances received on contracts in progress46 | €3,050 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €1,931 | €2,652 | €4,915 | €6,368 | €4,185 | ▼ 34.3% |
| Taxes450/3 | €1,931 | €2,652 | €4,915 | €6,368 | €4,185 | ▼ 34.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,182 | €10,499 | €18,448 | €2,768 | €11,506 | ▲ 316% |
| + Depreciation and write-downs630 | €9,033 | €4,222 | €4,648 | €9,904 | €4,750 | ▼ 52.0% |
| Operating cash flow (approximation) | €16,215 | €14,721 | €23,096 | €12,672 | €16,256 | ▲ 28.3% |
| Investment in fixed assets (approximation) | - | -€5,279 | -€2,099 | -€43,400 | -€625 | ▲ 98.6% |
| Change in cash | - | €13,445 | €23,910 | -€19,124 | -€6,042 | ▲ 68.4% |
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
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €150,000Eq €160,740 ▲13%
3 profitable years in a row build equity to €160,740.
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €7,182
Net result €7,182 after one loss-making year.
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 123 days late
2020
31-12
Financial
Weakest financial yearnet -€26,797
Net result drops to -€26,797, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Equity above €150,000Eq €151,408 ▲3.4%
2 profitable years in a row build equity to €151,408.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Liège · 1 establishment unit since 1995
Ground area
468 m²
Building footprint
141 m²
Volume, LiDAR
716 m³
Parcel 62078A0240/00D000, Wallonia · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RESTAURANT LES WAIDES
since 19952.074.093.788
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62078A0240/00D000 | Wallonia | 468 m² | 1 · 141 m² | 11.9 m · 2 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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Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. 8,926 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
Founded03-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.