PASEUCONSULTING
ActiveSummary
PASEUCONSULTING has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17k and a net result of €-17k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 12% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▼-41
Solvency32▼-49
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.6 against 4.13 in 2023; short-term debt: 27.7% and cash: 1.9% of total assets), but 93.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
6.7%
Return on assets
-6.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 12%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-01-2026, 172 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
172 d late
2023
68 d late
2022
66 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€17k▼ 92.6%
2023 · €237k
2022: €19k
2023: €237k▲ +1115% vs 2022highest in 3 years
2024: €17k▼ -92.6% vs 2023lowest in 3 years
2022 → 2024
Total assets
€259k▼ 38.3%
2023 · €421k
2022: €35klowest in 3 years
2023: €421k▲ +1114% vs 2022highest in 3 years
2024: €259k▼ -38.3% vs 2023
2022 → 2024
Net result
€-17k
2023 · €15k
2022: €14k
2023: €15k▲ +4.5% vs 2022highest in 3 years
2024: €-17k▼ -213% vs 2023lowest in 3 years
2022 → 2024
Working capital
€187k▼ 37.0%
2023 · €297k
2022: €18klowest in 3 years
2023: €297k▲ +1551% vs 2022highest in 3 years
2024: €187k▼ -37.0% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€19k-€237k▲ 1,115%€17k▼ 92.6%
2022: €19k
2023: €237k▲ +1115% vs 2022highest in 3 years
2024: €17k▼ -92.6% vs 2023lowest in 3 years
Operating result€22k-€-154€-18k▼ 11,647%
2022: €22khighest in 3 years
2023: €-154▼ -101% vs 2022
2024: €-18k▼ -11647% vs 2023lowest in 3 years
Net result€14k-€15k▲ 4.5%€-17k
2022: €14k
2023: €15k▲ +4.5% vs 2022highest in 3 years
2024: €-17k▼ -213% vs 2023lowest in 3 years
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 €18k in 2024 against €154 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €259k
Fixed assets
€481 ▼ 98.3%
Current assets
€259k ▼ 33.9%
Equity and liabilities €259k
Equity
€17k ▼ 92.6%
Provisions
€0 ▼ 100%
Debt
€242k ▲ 107%
Debt's share of the balance-sheet total rises from 27.7% to 93.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-18k▼
2023 · €731
Cash flow
€-17k▼
2023 · €16k
Current ratio
3.60▼
2023 · 4.13
Debt to equity
13.85▲
2023 · 0.49
ROE
-98.0%▼
2023 · 6.4%
ROA
-6.6%▼
2023 · 3.6%
Interest coverage
-2.49▼
2023 · 3.50
Debt ≤ 1 year
€72k▼
2023 · €95k
Staff costs
€120k▲
2023 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€421k€259k▼
Fixed assets21/28€29k€481▼
Tangible fixed assets22/27€29k€481▼
Furniture and vehicles24€980€481▼
Leasing and similar rights25€28k-
Current assets29/58€392k€259k▼
Amounts receivable within one year40/41€295k€254k▼
Trade receivables40€34k-
Other amounts receivable41€261k€254k▼
Cash at bank and in hand54/58€97k€5k▼
Equity and liabilities
Total equity and liabilities10/49€421k€259k▼
Equity10/15€237k€17k▼
Contributions10/11€5k€5k=
Reserves13€30k€30k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14-€-17k
Investment grants15€202k-
Provisions and deferred taxes16€67k-
Deferred taxes168€67k-
Amounts payable17/49€117k€242k▲
Amounts payable after more than one year17€22k-
Financial debts170/4€22k-
Amounts payable within one year42/48€95k€72k▼
Current portion of amounts payable after more than one year42€6k-
Trade debts44€40k€11k▼
Suppliers440/4€40k€11k▼
Taxes, remuneration and social security45€29k€40k▲
Taxes450/3€15k€8k▼
Remuneration and social security454/9€14k€32k▲
Other amounts payable47/48€20k€21k▲
Accrued charges and deferred income492/3-€170k
Income statement
Code20232024
Remuneration, social security and pensions62€41k€120k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€885€500▼
Other operating charges640/8€300€3k▲
Non-recurring operating charges66A-€28k
Gross operating margin9900€42k€133k▲
Operating profit (loss)9901€-154€-18k▼
Financial income75/76B€18k€8k▼
Recurring financial income75€18k€8k▼
Financial charges65/66B€209€7k▲
Recurring financial charges65€209€7k▲
Profit (loss) for the period before taxes9903€17k€-17k▼
Transfer from deferred taxes780€5k-
Income taxes67/77€7k-
Profit (loss) for the period9904€15k€-17k▼
Profit (loss) for the period to be appropriated9905€15k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-17k▼
Transfer to equity691/2€15k-
To other reserves6921€15k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €41k | €120k | ▲ 189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19 | €885 | €500 | ▼ 43.5% |
| Other operating charges640/8 | - | €300 | €3k | ▲ 950% |
| Non-recurring operating charges66A | - | - | €28k | - |
| Gross operating margin9900 | €22k | €42k | €133k | ▲ 213% |
| Operating profit (loss)9901 | €22k | €-154 | €-18k | ▼ 11,647% |
| Financial income75/76B | €59 | €18k | €8k | ▼ 54.4% |
| Recurring financial income75 | €59 | €18k | €8k | ▼ 54.4% |
| Financial charges65/66B | €23 | €209 | €7k | ▲ 3,283% |
| Recurring financial charges65 | €23 | €209 | €7k | ▲ 3,283% |
| Profit (loss) for the period before taxes9903 | €22k | €17k | €-17k | ▼ 199% |
| Transfer from deferred taxes780 | - | €5k | - | - |
| Income taxes67/77 | €7k | €7k | - | - |
| Profit (loss) for the period9904 | €14k | €15k | €-17k | ▼ 213% |
| Profit (loss) for the period to be appropriated9905 | €14k | €15k | €-17k | ▼ 213% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35k | €421k | €259k | ▼ 38.3% |
| Fixed assets21/28 | €1k | €29k | €481 | ▼ 98.3% |
| Tangible fixed assets22/27 | €1k | €29k | €481 | ▼ 98.3% |
| Furniture and vehicles24 | €1k | €980 | €481 | ▼ 51.0% |
| Leasing and similar rights25 | - | €28k | - | - |
| Current assets29/58 | €33k | €392k | €259k | ▼ 33.9% |
| Amounts receivable within one year40/41 | €30k | €295k | €254k | ▼ 14.0% |
| Trade receivables40 | - | €34k | - | - |
| Other amounts receivable41 | €30k | €261k | €254k | ▼ 2.6% |
| Cash at bank and in hand54/58 | €3k | €97k | €5k | ▼ 95.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35k | €421k | €259k | ▼ 38.3% |
| Equity10/15 | €19k | €237k | €17k | ▼ 92.6% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €14k | €30k | €30k | = |
| Distributable reserves133 | €14k | €30k | €30k | = |
| Profit (loss) carried forward14 | - | - | €-17k | - |
| Investment grants15 | - | €202k | - | - |
| Provisions and deferred taxes16 | - | €67k | - | - |
| Deferred taxes168 | - | €67k | - | - |
| Amounts payable17/49 | €15k | €117k | €242k | ▲ 107% |
| Amounts payable after more than one year17 | - | €22k | - | - |
| Financial debts170/4 | - | €22k | - | - |
| Amounts payable within one year42/48 | €15k | €95k | €72k | ▼ 24.3% |
| Current portion of amounts payable after more than one year42 | - | €6k | - | - |
| Trade debts44 | €2k | €40k | €11k | ▼ 72.5% |
| Suppliers440/4 | €2k | €40k | €11k | ▼ 72.5% |
| Taxes, remuneration and social security45 | €7k | €29k | €40k | ▲ 38.1% |
| Taxes450/3 | €7k | €15k | €8k | ▼ 48.1% |
| Remuneration and social security454/9 | - | €14k | €32k | ▲ 127% |
| Other amounts payable47/48 | €6k | €20k | €21k | ▲ 7.0% |
| Accrued charges and deferred income492/3 | - | - | €170k | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €15k | €-17k | ▼ 213% |
| + Depreciation and write-downs630 | €19 | €885 | €500 | ▼ 43.5% |
| Operating cash flow (approximation) | €14k | €16k | €-17k | ▼ 204% |
| Investment in fixed assets (approximation) | - | €-28k | €28k | ▲ 199% |
| Change in cash | - | €94k | €-92k | ▼ 198% |
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
2026
19-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 172 days late
2024
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Highest result since 2022net €15k ▲4.5%
Net result €15k, the highest in the series.
31-12
Financial
Equity above €200kEq €237k ▲1,115%
2 profitable years in a row build equity to €237k.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 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, Brussel · 1 establishment unit since 2022
Ground area
114 m²
Building footprint
79 m²
Volume, LiDAR
1,151 m³
Parcel 21806F0182/00R000, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Karel Martelstraat 54, 1000 Brussel
since 20222.331.770.627
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0182/00R000 | Brussels | 113 m² | 1 · 79 m² | 19.4 m · 5 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.
Public money · subsidies and aid
European Union, budget
2023 · 1 entry · 290,178 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 1 | 290,178 EUR |
Projects
IN-MOB - INNOVATIVE PRODUCTS FOR SUSTAINABLE MICROMOBILITY
European research
1 project · 70,140 EUR EU contributionProgrammes
Horizon Europe
Projects
Global Network for Advancing Small Green Energy Systems in Crisis, Low-Income, and Remote Regions through Research, Innovation, and Training
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 29,102 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
Founded11-03-2022
Fiscal year end31-12
Trade name FR
INNOVA ou EUINNOVA
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
73200Market research and public opinion polling
74999Other professional, scientific and technical activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.