PASIA
ActivePASIA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.58M and a net result of €28k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 1617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-18
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.44 in 2024; short-term debt: 12.1% and cash: 0.1% of total assets), and 12.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
87.9%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
21 d late
2023
28 d late
2022
24 d late
2021
25 d late
2020
24 d late
2019
88 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.58M▲ 0.8%
2024 · €3.55M
2018: €1.46M
2019: €1.64M
2020: €1.68M
2021: €1.73M
2022: €2.08M
2023: €2.92M
2024: €3.55M
2018 → 2025
Total assets
€4.07M▼ 2.6%
2024 · €4.18M
2018: €2.86M
2019: €3.14M
2020: €2.92M
2021: €3.00M
2022: €2.99M
2023: €3.70M
2024: €4.18M
2018 → 2025
Net result
€28k▼ 95.5%
2024 · €627k
2018: €137k
2019: €180k
2020: €40k
2021: €51k
2022: €349k
2023: €843k
2024: €627k
2018 → 2025
Working capital
€219k▼ 20.4%
2024 · €276k
2018: €-813k
2019: €-594k
2020: €-577k
2021: €-507k
2022: €-138k
2023: €-284k
2024: €276k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.73M-€2.08M▲ 20.2%€2.92M▲ 40.5%€3.55M▲ 21.5%€3.58M▲ 0.8%
Operating result€49k-€54k▲ 10.0%€46k▼ 14.3%€11k▼ 75.2%€937▼ 91.8%
Net result€51k-€349k▲ 585%€843k▲ 141%€627k▼ 25.5%€28k▼ 95.5%
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 has fallen three years in a row; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.07M
Fixed assets
€3.36M▲ 2.6%
Current assets
€714k▼ 21.3%
Equity and liabilities €4.07M
Equity
€3.58M▲ 0.8%
Debt
€495k▼ 21.7%
The debt ratio falls from 15.1% to 12.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▼
2024 · €62k
Cash flow
€79k▼
2024 · €678k
Solvency
87.9%▲
2024 · 84.9%
Current ratio
1.44▲
2024 · 1.44
Quick ratio
1.44▲
2024 · 1.44
Debt / equity
0.14▼
2024 · 0.18
ROE
0.8%▼
2024 · 17.7%
ROA
0.7%▼
2024 · 15.0%
Interest coverage
104.02▲
2024 · 14.19
Debt
€495k▼
2024 · €631k
Debt ≤ 1 year
€495k▼
2024 · €631k
Income taxes
€17k▼
2024 · €83k
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€4.18M€4.07M▼
Fixed assets21/28€3.27M€3.36M▲
Tangible fixed assets22/27€1.66M€1.62M▼
Land and buildings22€1.65M€1.61M▼
Furniture and vehicles24€8k€2k▼
Other tangible fixed assets26€5k€5k▼
Financial fixed assets28€1.61M€1.74M▲
Current assets29/58€907k€714k▼
Amounts receivable within one year40/41€645k€661k▲
Trade receivables40€13k€18k▲
Other amounts receivable41€632k€643k▲
Cash at bank and in hand54/58€166k€4k▼
Deferred charges and accrued income490/1€96k€49k▼
Equity and liabilities
Total equity and liabilities10/49€4.18M€4.07M▼
Equity10/15€3.55M€3.58M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.25M€3.28M▲
Non-distributable reserves130/1€66k€66k=
Legal reserve130€66k€66k=
Distributable reserves133€3.18M€3.21M▲
Profit (loss) carried forward14€237k€237k=
Amounts payable17/49€631k€495k▼
Amounts payable within one year42/48€631k€495k▼
Financial debts43-€24k
Credit institutions430/8-€24k
Trade debts44€701€4k▲
Suppliers440/4€701€4k▲
Taxes, remuneration and social security45€89k€106k▲
Taxes450/3€89k€106k▲
Other amounts payable47/48€542k€360k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€51k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€64k€54k▼
Operating profit (loss)9901€11k€937▼
Financial income75/76B€703k€45k▼
Recurring financial income75€703k€45k▼
Financial charges65/66B€4k€501▼
Recurring financial charges65€4k€501▼
Profit (loss) for the period before taxes9903€710k€45k▼
Income taxes67/77€83k€17k▼
Profit (loss) for the period9904€627k€28k▼
Profit (loss) for the period to be appropriated9905€627k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€864k€265k▼
Profit (loss) brought forward from the previous period14P€237k€237k=
Transfer to equity691/2€627k€28k▼
To other reserves6921€627k€28k▼
The notes to these accounts (6 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €28k ▼95.5%
Net result drops to €28k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 1.44
Current ratio from 0.64 to 1.44; short-term debt falls from €783k to €631k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €843k ▲141%
Net result €843k, the highest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Equity above €2MEq €2.08M ▲20.2%
5 profitable years in a row build equity to €2.08M.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Ukkel · 1 establishment unit since 1989
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.
Denneboslaan 19A1180 UkkelGround area
2,943 m²
Building footprint
426 m²
Volume, LiDAR
2,891 m³
2 parcels, Brussels · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PASIA SA
since 19892.042.526.327
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0055/00F075 | Brussels | 2,778 m² | 1 · 297 m² | 9.8 m · 2 fl. |
| 21614H0055/00M048 | Brussels | 165 m² | 1 · 129 m² | 11.4 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600PJHQNZ949STS20
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Of 2,716 companies in sector 73200 we hold annual accounts for 1,785. 643 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-02-1989
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.