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Pasform

Active
Non-profit associationfounded 201411 yrs activeFrederik de Merodestraat 18, 2800 Mechelen, BelgiumKBO/BCE: BE 0567.872.147
Summary

Pasform has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €830,565 and a net result of €93,825. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 87% of 825 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
PasformActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
Socio-cultural adult education
NACE 85593
4 sites
Size
€169,794turnover 2025
Staff
11.3 FTE
Equity
€830,565
Profit
€93,825
Financial health
98 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Board
1 member
Accounts 136 d early1 of 12 deeds read
Why 98- Size: turnover €169,794, 11.3 FTE, total assets €967,164+ Legal form Non-profit association+ Liquidity: current ratio 7.06, cash €611,851+ Equity €830,565 (85.9% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Better than 88% of its sector peers (NACE 85, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 85.9% of total assets
Liquidity 97-1
short-term debt 14.1% · cash 63.3%
Profitability 87+78
return on assets 9.7%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (592 companies)
Last 24 months 11-2024: < 0.1%highest value 12-2024: < 0.1%● 0.0% vs 11-2024highest value 01-2025: < 0.1%▼ -5.9% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: < 0.1%▲ +6.3% vs 03-2025highest value 05-2025: < 0.1%● 0.0% vs 04-2025highest value 06-2025: < 0.1%● 0.0% vs 05-2025highest value 07-2025: < 0.1%● 0.0% vs 06-2025highest value 08-2025: < 0.1%● 0.0% vs 07-2025highest value 09-2025: < 0.1%● 0.0% vs 08-2025highest value 10-2025: < 0.1%● 0.0% vs 09-2025highest value 11-2025: < 0.1%● 0.0% vs 10-2025highest value 12-2025: < 0.1%▼ -5.9% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%▼ -43.8% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%● 0.0% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%▼ -11.1% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Legal form Non-profit association lowers the probability
  • Liquidity: current ratio 7.06, cash €611,851 lowers the probability
  • Equity €830,565 (85.9% of total assets) lowers the probability
  • Size: turnover €169,794, 11.3 FTE, total assets €967,164 raises the probability for this profile
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 7.06 against 7.42 in 2024; short-term debt: 14.1% and cash: 63.3% of total assets), and 14.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 85, small). Better than this share of them on solvency 89%, liquidity 95%, profitability 92%, growth against the median 74%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Legal form Non-profit association
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Liquidity: current ratio 7.06, cash €611,851
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €830,565 (85.9% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Size: turnover €169,794, 11.3 FTE, total assets €967,164
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-03-2026, 136 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
136 d early
2024
121 d early
2023
47 d early
2022
90 d early
2021
80 d early
2020
52 d early
2019
18 d early
← 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 78 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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. Usually files around 2 May (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Appointment: Carine Van Neyghem (director)State Gazette act
  3. Back to profitnet €93,825

Key points

  • Positive: Back in profit in 2025after -€37,415 in 2024 €93,825 View
  • Positive: Among the best 13% on solvencysector median 55.6% · 825 companies 85.9% View
  • Flemish supportawarded 2022 - 2025 €3.3m View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View
  • Positive: 3 years of growth in a rowturnover 2025: €169,794 3 years View
  • New directorlatest change 19-11-2025 · 1 in office 1 joined View

By topic

Financials

Fiscal year
2025
Turnover
€169,794
Profit
€93,825
Solvency
85.9%
Turnover▲ 9.6%
Net result
20192025
Go to Financials

Timeline

Events
11
Since
2020
Next accounts
by 31-07-2027
  1. 17-03-2026Annual accounts filed
  2. 12-03-2026Appointment: Carine Van Neyghem (director)
  3. 31-12-2025Back to profit
Go to Timeline

Company details

Sites
4
Legal form
Non-profit association
Activity
Socio-cultural adult educationNACE 85593
Founded
17-11-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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