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Pasmovan

Active
Private limited company (pre-2019)founded 198144 yrs activeTer Rivierenlaan 129, 2100 Antwerpen, BelgiumKBO/BCE: BE 0422.108.267
Summary

Pasmovan has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,563 and a net result of €9,502. Equity is shrinking by ~9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability47▲+20
Solvency36▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.09 in 2024; short-term debt: 87.9% and cash: 94.5% of total assets), and 89.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 44 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
10.5%
Return on assets
3.8%
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 06-08-2026, 6 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 filings
Deviation from the deadline
2025
6 d late
2024
146 d late
2023
2 d early
2022
28 d early
2021
39 d late
2020
4 d early
2019
9 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
27-09-2026 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

History

On 9 November 1981, Pasmovan was incorporated.1 Total assets went from EUR 152,523 in 2018 to EUR 252,418 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€26,563▲ 55.7%
2024 · €17,061
Total assets
€252,418▲ 3.5%
2024 · €243,891
Net result
€9,502
2024 · -€9,994
Working capital
€30,642▲ 44.9%
2024 · €21,140
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
Line20212022202320242025
Operating result€2,268€567,387▲ 24,914%-€8,038-€9,658▼ 20.2%€9,842
Net result€3,592€416,649▲ 11,500%-€8,307-€9,994▼ 20.3%€9,502
Equity€38,712▲ 10.2%€35,362▼ 8.7%€27,054▼ 23.5%€17,061▼ 36.9%€26,563▲ 55.7%
Total assets€101,226▲ 0.3%€651,095▲ 543%€407,135▼ 37.5%€243,891▼ 40.1%€252,418▲ 3.5%
Debt€59,199▼ 2.7%€615,733▲ 940%€380,081▼ 38.3%€226,831▼ 40.3%€225,855▼ 0.4%
Working capital-€15,919▲ 46.8%€42,191€31,134▼ 26.2%€21,140▼ 32.1%€30,642▲ 44.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2021: €2,268€2,268Net result 2021: €3,592€3,592Operating result 2022: €567,387€567,387Net result 2022: €416,649€416,649Operating result 2023: -€8,038-€8,038Net result 2023: -€8,307-€8,307Operating result 2024: -€9,658-€9,658Net result 2024: -€9,994-€9,994Operating result 2025: €9,842€9,842Net result 2025: €9,502€9,50220212022202320242025-€10,000-€5,000€0€5,000€10,000Operating result 2023: -€8,038-€8,040Net result 2023: -€8,307-€8,310Operating result 2024: -€9,658-€9,660Net result 2024: -€9,994-€9,990Operating result 2025: €9,842€9,840Net result 2025: €9,502€9,500202320242025
The operating result returns to profit in 2025: €9,842 after a loss of €9,658 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €252,418
Equity €26,563 ▲ 55.7%
Debt €225,855 ▼ 0.4%
Debt's share of the balance-sheet total falls from 93.0% to 89.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.14▲
2024 · 1.09
Debt to equity
8.50▼
2024 · 13.30
ROE
35.8%▲
2024 · -58.6%
ROA
3.8%▲
2024 · -4.1%
Debt ≤ 1 year
€221,776▼
2024 · €222,751
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,972 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.2% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,972 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€243,891€252,418▲
Current assets29/58€243,891€252,418▲
Amounts receivable within one year40/41€13,574€13,974▲
Other amounts receivable41€13,574€13,974▲
Cash at bank and in hand54/58€230,317€238,444▲
Equity and liabilities
Total equity and liabilities10/49€243,891€252,418▲
Equity10/15€17,061€26,563▲
Contributions10/11€18,592€18,592=
Outside capital11€18,592€18,592=
Other1109/19€18,592€18,592=
Reserves13€15,988€15,988=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€14,128€14,128=
Profit (loss) carried forward14-€17,520-€8,017▲
Amounts payable17/49€226,831€225,855▼
Amounts payable within one year42/48€222,751€221,776▼
Trade debts44€960€960=
Suppliers440/4€960€960=
Other amounts payable47/48€221,791€220,816▼
Accrued charges and deferred income492/3€4,079€4,079=
Income statement Code20242025
Non-recurring operating income76A-€12,730
Other operating charges640/8€578€807▲
Gross operating margin9900-€9,081€10,650▲
Operating profit (loss)9901-€9,658€9,842▲
Financial charges65/66B€335€340▲
Recurring financial charges65€335€340▲
Profit (loss) for the period before taxes9903-€9,994€9,502▲
Profit (loss) for the period9904-€9,994€9,502▲
Profit (loss) for the period to be appropriated9905-€9,994€9,502▲
Appropriation of the result
Profit (loss) to be appropriated9906-€17,520-€8,017▲
Profit (loss) brought forward from the previous period14P-€7,526-€17,520▼
Line20212022202320242025Change
Non-recurring operating income76A--€2,750-€12,730-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,395-----
Other operating charges640/8€2,455€3,109€1,851€578€807▲ 39.8%
Gross operating margin9900€16,118€570,496-€6,187-€9,081€10,650▲ 217%
Operating profit (loss)9901€2,268€567,387-€8,038-€9,658€9,842▲ 202%
Financial income75/76B-€0€0---
Recurring financial income75-€0€0---
Financial charges65/66B€355€710€269€335€340▲ 1.4%
Recurring financial charges65€355€710€269€335€340▲ 1.4%
Profit (loss) for the period before taxes9903€1,913€566,677-€8,307-€9,994€9,502▲ 195%
Transfer from deferred taxes780€1,678€3,314----
Income taxes67/77-€153,342----
Profit (loss) for the period9904€3,592€416,649-€8,307-€9,994€9,502▲ 195%
Transfer from tax-exempt reserves789€3,260€6,455----
Profit (loss) for the period to be appropriated9905€6,851€423,104-€8,307-€9,994€9,502▲ 195%
Line20212022202320242025Change
Assets
Total assets20/58€101,226€651,095€407,135€243,891€252,418▲ 3.5%
Fixed assets21/28€78,680-----
Tangible fixed assets22/27€78,680-----
Other tangible fixed assets26€78,680-----
Current assets29/58€22,546€651,095€407,135€243,891€252,418▲ 3.5%
Amounts receivable within one year40/41€21,186€237,066€2,257€13,574€13,974▲ 2.9%
Trade receivables40-€992----
Other amounts receivable41€21,186€236,074€2,257€13,574€13,974▲ 2.9%
Cash at bank and in hand54/58€1,282€414,029€404,878€230,317€238,444▲ 3.5%
Deferred charges and accrued income490/1€78-----
Equity and liabilities
Total equity and liabilities10/49€101,226€651,095€407,135€243,891€252,418▲ 3.5%
Equity10/15€38,712€35,362€27,054€17,061€26,563▲ 55.7%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Outside capital11€18,592€18,592€18,592€18,592€18,592=
Other1109/19€18,592€18,592€18,592€18,592€18,592=
Reserves13€22,443€15,988€15,988€15,988€15,988=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Tax-exempt reserves132€6,455-----
Distributable reserves133€14,128€14,128€14,128€14,128€14,128=
Profit (loss) carried forward14-€2,322€782-€7,526-€17,520-€8,017▲ 54.2%
Provisions and deferred taxes16€3,314-----
Deferred taxes168€3,314-----
Amounts payable17/49€59,199€615,733€380,081€226,831€225,855▼ 0.4%
Amounts payable within one year42/48€38,465€608,903€376,002€222,751€221,776▼ 0.4%
Trade debts44€1,113€43€154,697€960€960=
Suppliers440/4€1,113€43€154,697€960€960=
Taxes, remuneration and social security45-€153,342----
Taxes450/3-€153,342----
Other amounts payable47/48€37,352€455,519€221,304€221,791€220,816▼ 0.4%
Accrued charges and deferred income492/3€20,735€6,829€4,079€4,079€4,079=
Line20212022202320242025Change
Profit (loss) for the period9904€3,592€416,649-€8,307-€9,994€9,502▲ 195%
+ Depreciation and write-downs630€11,395-----
Operating cash flow (approximation)€14,987€416,649-€8,307-€9,994€9,502▲ 195%
Change in cash-€412,747-€9,150-€174,562€8,127▲ 105%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
31-12
Financial Back to profitnet €9,502
Net result €9,502 after 2 loss-making years.
24-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 146 days late
2024
29-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Highest result since 2018net €416,649 ▲11,500%
Operating result €567,387, net result €416,649, both a record.
08-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
31-12
Financial Back to profitnet €3,592
Net result €3,592 after 3 loss-making years.
27-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet -€10,685
Net result drops to -€10,685, the lowest in the series; recovery starts the following year.
27-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1981
seat establishment The establishment unit on the map
Ground area
192 m²
Building footprint
104 m²
Volume, LiDAR
786 m³
Parcel 11344A0523/00E005, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
PASMOVAN PVBA
Ter Rivierenlaan 129, 2100 AntwerpenAir transport
since 19812.102.321.184
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11344A0523/00E005 Flanders 192 m² 1 · 104 m² 11.4 m · 3 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. MESOTYS 99%
  2. Pasmovan

Highest known parent: MESOTYS. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded09-11-1981
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.