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Paspop

Active
Non-profit associationfounded 20233 yrs activeMolenstraat 3, 8980 Zonnebeke, BelgiumKBO/BCE: BE 0797.369.593
Summary

Paspop has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,674) and a net result of -€824. Its solvency ranks better than 5% of 2021 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-77
Solvency0=
Growth32
Track record94
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Age of the figures
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€2,674
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 2 filings
Deviation from the deadline
2025
28 d late
2024
21 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% 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.
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 19 January 2023, Paspop was incorporated as a Non-profit association.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

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

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Financials · fiscal year 2025, micro schema

Equity
-€2,674▼ 44.5%
2024 · -€1,850
Total assets
€831▼ 37.7%
2024 · €1,333
Net result
-€824
2024 · €209
Working capital
-€2,683▼ 44.3%
2024 · -€1,859
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
Line20242025
Operating result€250--€763
Net result€209--€824
Equity-€1,850--€2,674▼ 44.5%
Total assets€1,333-€831▼ 37.7%
Debt€3,183-€3,505▲ 10.1%
Working capital-€1,859--€2,683▼ 44.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€1,000-€500€0€500Operating result 2024: €250€250Net result 2024: €209€209Operating result 2025: -€763-€763Net result 2025: -€824-€82420242025-€1,000-€500€0€500Operating result 2024: €250€250Net result 2024: €209€209Operating result 2025: -€763-€763Net result 2025: -€824-€82420242025
The operating result turns negative in 2025: a loss of €763 after €250 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €831
Fixed assets €9 =
Current assets €822 ▼ 37.9%
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€3,505▲
2024 · €3,183
Ratios withheld: a balance sheet total of €831 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.4% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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 7,663 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 · 22 lines
Balance sheet Code20242025
Assets
Total assets20/58€1,333€831▼
Fixed assets21/28€9€9=
Financial fixed assets28€9€9=
Current assets29/58€1,324€822▼
Cash at bank and in hand54/58€1,324€822▼
Equity and liabilities
Total equity and liabilities10/49€1,333€831▼
Equity10/15-€1,850-€2,674▼
Profit (loss) carried forward14-€1,850-€2,674▼
Amounts payable17/49€3,183€3,505▲
Amounts payable within one year42/48€3,183€3,505▲
Income statement Code20242025
Other operating charges640/8€1,006-
Gross operating margin9900€1,256-€763▼
Operating profit (loss)9901€250-€763▼
Financial income75/76B€20-
Recurring financial income75€20-
Financial charges65/66B€61€61=
Recurring financial charges65€61€61=
Profit (loss) for the period before taxes9903€209-€824▼
Profit (loss) for the period9904€209-€824▼
Profit (loss) for the period to be appropriated9905€209-€824▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1,850-€2,674▼
Profit (loss) brought forward from the previous period14P-€2,059-€1,850▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Other operating charges640/8€1,006--
Gross operating margin9900€1,256-€763▼ 161%
Operating profit (loss)9901€250-€763▼ 405%
Financial income75/76B€20--
Recurring financial income75€20--
Financial charges65/66B€61€61=
Recurring financial charges65€61€61=
Profit (loss) for the period before taxes9903€209-€824▼ 494%
Profit (loss) for the period9904€209-€824▼ 494%
Profit (loss) for the period to be appropriated9905€209-€824▼ 494%
Line20242025Change
Assets
Total assets20/58€1,333€831▼ 37.7%
Fixed assets21/28€9€9=
Financial fixed assets28€9€9=
Current assets29/58€1,324€822▼ 37.9%
Cash at bank and in hand54/58€1,324€822▼ 37.9%
Equity and liabilities
Total equity and liabilities10/49€1,333€831▼ 37.7%
Equity10/15-€1,850-€2,674▼ 44.5%
Profit (loss) carried forward14-€1,850-€2,674▼ 44.5%
Amounts payable17/49€3,183€3,505▲ 10.1%
Amounts payable within one year42/48€3,183€3,505▲ 10.1%
Line20242025Change
Profit (loss) for the period9904€209-€824▼ 494%
Operating cash flow (approximation)€209-€824▼ 494%
Investment in fixed assets (approximation)-€0-
Change in cash--€502-

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
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
21-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Zonnebeke
exact location from the address register On OpenStreetMap
Ground area
1,402 m²
Building footprint
160 m²
Volume, LiDAR
1,278 m³
Parcel 33019D1116/00R000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33019D1116/00R000 Flanders 1,402 m² 1 · 160 m² 12.4 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,531 companies in sector 90391 we hold annual accounts for 682. See the whole sector

Identification & contact

Identification
Legal formNon-profit association
Founded19-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
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.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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