PASIO
InactiveInactive; last annual accounts for fiscal year 2009.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2009. Since then, 16 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2010 close31-07-2011 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2009 was due by 31-07-2010 and was filed on 09-07-2010, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2009, full schema
Turnover
€5.7m
EBIT margin
-1.4%
Net result
-€228,817▼ 1,135%
2008 · -€18,534
Working capital
-€1.6m
2008 · €2.1m
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
Line2006200720082009
Turnover€5.7m
Operating result€175,959-€149,294▼ 15.2%-€18,887-€81,937▼ 334%
Net result-€2,685--€6,913▼ 157%-€18,534▼ 168%-€228,817▼ 1,135%
EBIT margin-1.4%
Equity€1.2m-€1.2m▼ 0.6%€2.0m▲ 72.8%€1.8m▼ 11.3%
Total assets€3.5m-€4.2m▲ 21.4%€5.7m▲ 36.0%€6.2m▲ 7.9%
Debt€2.3m-€3.0m▲ 32.9%€3.7m▲ 21.7%€4.4m▲ 18.5%
Working capital€1.2m-€1.2m▲ 2.1%€2.1m▲ 70.4%-€1.6m
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €81,937 in 2009 against €18,887 in 2008; the loss grows and 2009 has the lowest result in the available series.
Balance-sheet composition
2009 in colour, 2008 as the grey bar beneath
Assets €6.2m
Fixed assets
€6.2m ▲ 767,017%
Current assets
€1,677 ▼ 100.0%
Equity and liabilities €6.2m
Equity
€1.8m ▼ 11.3%
Debt
€4.4m ▲ 18.5%
Debt's share of the balance-sheet total rises from 64.4% to 70.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101,109▲
2008 · -€17,693
Cash flow
-€45,771▼
2008 · -€17,340
Current ratio
0.00▼
2008 · 1.58
Debt to equity
1.46
ROE
-12.7%▼
2008 · -0.9%
ROA
-3.7%▼
2008 · -0.3%
Interest coverage
0.70
Debt ≤ 1 year
€1.6m▼
2008 · €3.6m
Debt > 1 year
€2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €5.7m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,576 | €1,788 | €1,194 | €183,046 | ▲ 15,226% |
| Gross operating margin9900 | €178,313 | €151,515 | - | - | - |
| Operating profit (loss)9901 | €175,959 | €149,294 | -€18,887 | -€81,937 | ▼ 334% |
| Recurring financial income75 | €178 | €1 | €353 | €18 | ▼ 94.9% |
| Recurring financial charges65 | €178,814 | €156,215 | - | €146,898 | - |
| Debt charges650 | - | - | - | €144,999 | - |
| Profit (loss) for the period before taxes9903 | -€2,677 | -€6,921 | -€18,534 | -€228,817 | ▼ 1,135% |
| Income taxes67/77 | €8 | -€8 | - | - | - |
| Profit (loss) for the period9904 | -€2,685 | -€6,913 | -€18,534 | -€228,817 | ▼ 1,135% |
| Profit (loss) for the period to be appropriated9905 | -€2,685 | -€6,913 | -€18,534 | -€228,817 | ▼ 1,135% |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.5m | €4.2m | €5.7m | €6.2m | ▲ 7.9% |
| Formation expenses20 | €3,786 | €1,998 | €804 | - | - |
| Fixed assets21/28 | €3,786 | €1,998 | €804 | €6.2m | ▲ 767,017% |
| Tangible fixed assets22/27 | - | - | - | €6.2m | - |
| Current assets29/58 | €3.5m | €4.2m | €5.7m | €1,677 | ▼ 100.0% |
| Stocks and contracts in progress3 | €3.2m | €3.9m | €5.2m | - | - |
| Amounts receivable within one year40/41 | €236,902 | €339,127 | €507,757 | €6 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €26 | €663 | €5,013 | €171 | ▼ 96.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.5m | €4.2m | €5.7m | €6.2m | ▲ 7.9% |
| Equity10/15 | €1.2m | €1.2m | €2.0m | €1.8m | ▼ 11.3% |
| Contributions10/11 | €1.2m | €1.2m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | -€2,685 | -€9,598 | -€28,132 | -€256,949 | ▼ 813% |
| Amounts payable17/49 | €2.3m | €3.0m | €3.7m | €4.4m | ▲ 18.5% |
| Amounts payable after more than one year17 | - | - | - | €2.6m | - |
| Amounts payable within one year42/48 | €2.3m | €3.0m | €3.6m | €1.6m | ▼ 55.5% |
| Trade debts44 | €163 | €309,005 | €361,190 | €152,441 | ▼ 57.8% |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,685 | -€6,913 | -€18,534 | -€228,817 | ▼ 1,135% |
| + Depreciation and write-downs630 | €1,576 | €1,788 | €1,194 | €183,046 | ▲ 15,226% |
| Operating cash flow (approximation) | -€1,109 | -€5,125 | -€17,340 | -€45,771 | ▼ 164% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | -€6.4m | - |
| Change in cash | - | €637 | €4,351 | -€4,842 | ▼ 211% |
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
2010
09-07
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
16-02
State Gazette act
Merger · Permanent representative
2009
31-12
Financial
Weakest financial yearnet -€228,817
Net result drops to -€228,817, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
31-12
Financial
Equity above €2mEq €2.0m ▲72.8%
Equity rises from €1.2m to €2.0m.
25-08
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 25 days late
2007
30-08
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:PHORMIO