PASFIT
ActiveThe computed 12-month bankruptcy probability of PASFIT is 3.1% (moderate). The 2025 annual accounts show equity of €158k and a net result of €39k. Equity is growing by ~55.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 13091 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-13
Solvency86▲+5
Growth78=
Track record92
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.96 in 2024; short-term debt: 39.5% and cash: 19.2% of total assets), and 39.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.5%
Return on assets
14.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-04-2026, 61 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
61 d late
2024
4 d late
2023
1 d early
2022
50 d late
2021
59 d late
2019
16 d early
2018
1 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€158k▲ 32.2%
2024 · €120k
2019: €-17k
2021: €-3k
2022: €57k
2023: €63k
2024: €120k
2019 → 2025
Total assets
€262k▲ 21.7%
2024 · €215k
2019: €81k
2021: €94k
2022: €155k
2023: €151k
2024: €215k
2019 → 2025
Net result
€39k▼ 31.7%
2024 · €56k
2019: €-87k
2021: €-3k
2022: €65k
2023: €7k
2024: €56k
2019 → 2025
Working capital
€133k▲ 45.4%
2024 · €91k
2019: €-88k
2021: €49k
2022: €26k
2023: €30k
2024: €91k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3k-€57k€63k▲ 12.3%€120k▲ 88.9%€158k▲ 32.2%
Operating result€1k-€66k▲ 4,509%€5k▼ 92.4%€51k▲ 923%€43k▼ 16.0%
Net result€-3k-€65k€7k▼ 89.4%€56k▲ 713%€39k▼ 31.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262k
Fixed assets
€26k▼ 10.1%
Current assets
€236k▲ 26.5%
Equity and liabilities €262k
Equity
€158k▲ 32.2%
Debt
€103k▲ 8.5%
The debt ratio falls from 44.3% to 39.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▼
2024 · €64k
Cash flow
€41k▼
2024 · €69k
Solvency
60.5%▲
2024 · 55.7%
Current ratio
2.28▲
2024 · 1.96
Quick ratio
2.28▲
2024 · 1.96
Debt / equity
0.65▼
2024 · 0.79
ROE
24.3%▼
2024 · 47.1%
ROA
14.7%▼
2024 · 26.2%
Interest coverage
162.72▲
2024 · 144.91
Debt
€103k▲
2024 · €95k
Debt ≤ 1 year
€103k▲
2024 · €95k
Income taxes
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€215k€262k▲
Fixed assets21/28€29k€26k▼
Tangible fixed assets22/27€28k€25k▼
Land and buildings22€24k€21k▼
Plant, machinery and equipment23€4k€4k=
Furniture and vehicles24€49€0▼
Financial fixed assets28€730€730=
Current assets29/58€187k€236k▲
Amounts receivable within one year40/41€177k€186k▲
Trade receivables40€17k€0▼
Other amounts receivable41€159k€186k▲
Cash at bank and in hand54/58€10k€50k▲
Equity and liabilities
Total equity and liabilities10/49€215k€262k▲
Equity10/15€120k€158k▲
Contributions10/11€6k€6k=
Reserves13€35k€35k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€79k€118k▲
Amounts payable17/49€95k€103k▲
Amounts payable within one year42/48€95k€103k▲
Trade debts44€433€9k▲
Suppliers440/4€433€9k▲
Taxes, remuneration and social security45€11k€14k▲
Taxes450/3€11k€14k▲
Other amounts payable47/48€84k€80k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€3k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€66k€47k▼
Operating profit (loss)9901€51k€43k▼
Financial income75/76B€6k€0▼
Recurring financial income75€6k€0▼
Financial charges65/66B€443€283▼
Recurring financial charges65€443€283▼
Profit (loss) for the period before taxes9903€56k€43k▼
Income taxes67/77-€4k
Profit (loss) for the period9904€56k€39k▼
Profit (loss) for the period to be appropriated9905€56k€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€118k▲
Profit (loss) brought forward from the previous period14P€23k€79k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-06
State Gazette act
RestructuringMerger · Merger terms4 facts ▸
State Gazette act
Restructuring
Merger · Merger terms4 facts ▸
- Merger, fusion by absorption
- Merger, fusion by absorption
- Merger, fusion by absorption
- Merger terms, absorbing company already owns all shares of the absorbed companies
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 61 days late
23-02
KBO administration
Address struck
Overpoortstraat 76 L’adresse du siège Overpoortstraat 76 9000 Die Sitzadresse Overpoortstraat 76 9000
9000 Gent werd doorgehaald met ingang van Gent · event 15-12-2025
2025
30-06
Financial
Equity above €150kEq €158k ▲32.2%
4 profitable years in a row build equity to €158k.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Equity above €100kEq €120k ▲88.9%
3 profitable years in a row build equity to €120k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
30-06
Financial
Back to profitnet €65k
Net result €65k after 2 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-06
Financial
Liquidity times 95current ratio 10.09
Current ratio from 0.11 to 10.09; short-term debt falls from €98k to €5k.
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 231 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 597 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eerdegemstraat 739310 AalstGround area
1,238 m²
Building footprint
422 m²
Volume, LiDAR
2,670 m³
2 parcels, Flanders · tallest building 16.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DECADANCE
since 20002.099.842.142
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41005B0007/00E000 | Flanders | 712 m² | 1 · 71 m² | 6.1 m · 1 fl. |
| 44805E0599/00E000 | Flanders | 526 m² | 1 · 350 m² | 16.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
3 transactionsTook over:DE KEGEL - CLUB
Took over:DECA-D
Took over:ZANZIBAR
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.099.842.142
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Of 14,028 companies in sector 56301 we hold annual accounts for 4,894. 3,324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2000
Fiscal year end30-06
Activities, NACEBEL
55401
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.