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PASQIMMO

Active
Private limited companyfounded 2011active for 15 yearsTheresianenstraat 7, 8000 Brugge, BelgiumKBO/BCE: BE 0840.313.671
Summary

PASQIMMO has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €96,629. Equity is growing by about 3.6% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Turnover
≈ €600,000
Estimated: probably between €420,000 and €870,000
Total assets
€2.9m▲ 3.7%
2024 · €2.8m
Net result
€96,629▲ 42.1%
2024 · €68,009
Working capital
-€547,395▲ 24.8%
2024 · -€727,617
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.2m 2025 Net result€0.1m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.1m▼ 5.4%€0.1m▼ 8.2%€0.1m▲ 17.1%€0.1m▲ 3.1%€0.1m▼ 15.5%€0.1m▲ 18.1%€0.2m▲ 24.9%
Net result€0.05m-€0.06m▲ 5.2%€0.06m▲ 2.5%€0.06m▲ 10.2%€0.07m▲ 9.3%€0.06m▼ 21.9%€0.07m▲ 22.7%€0.1m▲ 42.1%
Equity€1.6m-€1.7m▲ 3.5%€1.7m▲ 3.5%€1.8m▲ 3.7%€1.9m▲ 3.9%€1.9m▲ 3.0%€2.0m▲ 3.5%€2.1m▲ 4.8%
Total assets€2.9m-€2.9m▼ 2.9%€2.8m▼ 2.7%€2.8m▲ 2.1%€2.8m▼ 3.2%€3.0m▲ 9.1%€2.8m▼ 5.9%€2.9m▲ 3.7%
Debt€1.3m-€1.2m▼ 10.9%€1.0m▼ 11.4%€1.0m▼ 0.6%€0.9m▼ 15.7%€1.1m▲ 22.4%€0.8m▼ 22.8%€0.8m▲ 1.0%
Working capital-€1.2m--€1.1m▲ 9.0%-€1.0m▲ 12.0%-€0.8m▲ 16.7%-€0.6m▲ 20.0%-€0.9m▼ 41.3%-€0.7m▲ 18.9%-€0.5m▲ 24.8%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets €2.7m ▼ 3.5%
Current assets €278,912 ▲ 262%
Equity and liabilities €2.9m
Equity €2.1m ▲ 4.8%
Debt €835,268 ▲ 1.0%
Debt's share of the balance-sheet total falls from 29.2% to 28.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€270,351▲
2024 · €235,794
Cash flow
€193,371▲
2024 · €164,752
Current ratio
0.34▲
2024 · 0.10
Debt to equity
0.40▼
2024 · 0.41
ROE
4.6%▲
2024 · 3.4%
ROA
3.3%▲
2024 · 2.4%
Interest coverage
8.48▲
2024 · 6.00
Debt ≤ 1 year
€826,306▲
2024 · €804,743
Income taxes
€45,093▲
2024 · €31,738
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95.9% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.4% went bankrupt
3.6% stopped otherwise
95.9% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,049 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 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.8m€2.9m▲
Fixed assets21/28€2.8m€2.7m▼
Tangible fixed assets22/27€2.8m€2.7m▼
Land and buildings22€2.8m€2.7m▼
Current assets29/58€0.08m€0.3m▲
Amounts receivable within one year40/41-€0.01m
Other amounts receivable41-€0.01m
Cash at bank and in hand54/58€0.08m€0.3m▲
Deferred charges and accrued income490/1€0.002m€0.002m▲
Equity and liabilities
Total equity and liabilities10/49€2.8m€2.9m▲
Equity10/15€2.0m€2.1m▲
Contributions10/11€1.7m€1.7m=
Reserves13€0.3m€0.4m▲
Distributable reserves133€0.3m€0.4m▲
Amounts payable17/49€0.8m€0.8m▲
Amounts payable within one year42/48€0.8m€0.8m▲
Trade debts44€254€128▼
Suppliers440/4€254€128▼
Taxes, remuneration and social security45€0.008m€0.007m▼
Taxes450/3€0.008m€0.007m▼
Other amounts payable47/48€0.8m€0.8m▲
Accrued charges and deferred income492/3€0.02m€0.009m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m=
Other operating charges640/8€0.03m€0.03m▲
Gross operating margin9900€0.3m€0.3m▲
Operating profit (loss)9901€0.1m€0.2m▲
Financial charges65/66B€0.04m€0.03m▼
Recurring financial charges65€0.04m€0.03m▼
Profit (loss) for the period before taxes9903€0.1m€0.1m▲
Income taxes67/77€0.03m€0.05m▲
Profit (loss) for the period9904€0.07m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.07m€0.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.07m€0.1m▲
Transfer to equity691/2€0.07m€0.1m▲
To other reserves6921€0.07m€0.1m▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86,980€86,980€86,980€86,980€86,980€113,936€96,743€96,743=
Other operating charges640/8---€24,214€24,782€27,684€29,188€30,102▲ 3.1%
Gross operating margin9900€241,969€235,300€226,430€246,386€251,078€259,347€264,982€300,453▲ 13.4%
Operating profit (loss)9901€132,822€125,715€115,409€135,192€139,316€117,727€139,051€173,609▲ 24.9%
Financial income75/76B---€1-----
Recurring financial income75€2--€1-----
Financial charges65/66B---€38,671€35,285€36,464€39,305€31,887▼ 18.9%
Recurring financial charges65€78,158€68,230€41,434€38,671€35,285€36,464€39,305€31,887▼ 18.9%
Profit (loss) for the period before taxes9903€54,665€57,486€73,976€96,522€104,032€81,263€99,747€141,722▲ 42.1%
Income taxes67/77--€15,064€31,603€33,101€25,856€31,738€45,093▲ 42.1%
Profit (loss) for the period9904€54,665€57,486€58,911€64,919€70,931€55,407€68,009€96,629▲ 42.1%
Profit (loss) for the period to be appropriated9905€54,665€57,486€58,911€64,919€70,931€55,407€68,009€96,629▲ 42.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€2.9m€2.9m€2.8m€2.8m€2.8m€3.0m€2.8m€2.9m▲ 3.7%
Fixed assets21/28€2.9m€2.8m€2.7m€2.6m€2.5m€2.8m€2.8m€2.7m▼ 3.5%
Tangible fixed assets22/27€2.9m€2.8m€2.7m€2.6m€2.5m€2.8m€2.8m€2.7m▼ 3.5%
Land and buildings22---€2.6m€2.5m€2.8m€2.8m€2.7m▼ 3.5%
Current assets29/58€0.07m€0.07m€0.08m€0.2m€0.2m€0.2m€0.08m€0.3m▲ 262%
Amounts receivable within one year40/41----€331--€0.01m-
Other amounts receivable41----€331--€0.01m-
Cash at bank and in hand54/58€0.07m€0.07m€0.08m€0.2m€0.2m€0.2m€0.08m€0.3m▲ 249%
Deferred charges and accrued income490/1---€0.02m€0.001m€0.002m€0.002m€0.002m▲ 3.9%
Equity and liabilities
Total equity and liabilities10/49€2.9m€2.9m€2.8m€2.8m€2.8m€3.0m€2.8m€2.9m▲ 3.7%
Equity10/15€1.6m€1.7m€1.7m€1.8m€1.9m€1.9m€2.0m€2.1m▲ 4.8%
Contributions10/11€1.7m€1.7m-€1.7m€1.7m€1.7m€1.7m€1.7m=
Reserves13--€0.05m€0.1m€0.2m€0.2m€0.3m€0.4m▲ 31.0%
Distributable reserves133---€0.1m€0.2m€0.2m€0.3m€0.4m▲ 31.0%
Profit (loss) carried forward14-€0.06m-€0.007m-------
Amounts payable17/49€1.3m€1.2m€1.0m€1.0m€0.9m€1.1m€0.8m€0.8m▲ 1.0%
Amounts payable after more than one year17€0.05m€0.02m-------
Amounts payable within one year42/48€1.3m€1.2m€1.0m€1.0m€0.9m€1.1m€0.8m€0.8m▲ 2.7%
Trade debts44---€111-€34€254€128▼ 49.7%
Suppliers440/4---€111-€34€254€128▼ 49.7%
Taxes, remuneration and social security45---€0.02m€0.01m€0.004m€0.008m€0.007m▼ 11.3%
Taxes450/3---€0.02m€0.01m€0.004m€0.008m€0.007m▼ 11.3%
Other amounts payable47/48---€1.0m€0.8m€1.0m€0.8m€0.8m▲ 2.8%
Accrued charges and deferred income492/3---€0.02m€0.02m€0.02m€0.02m€0.009m▼ 59.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€54,665€57,486€58,911€64,919€70,931€55,407€68,009€96,629▲ 42.1%
+ Depreciation and write-downs630€86,980€86,980€86,980€86,980€86,980€113,936€96,743€96,743=
Operating cash flow (approximation)€141,646€144,466€145,891€151,900€157,911€169,343€164,752€193,371▲ 17.4%
Investment in fixed assets (approximation)-€0€0€0€0-€429,550€0€0-
Change in cash--€515€10,993€122,697€18,241-€65,093-€79,241€186,801-

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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Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 30-06-2026 2026-00226388
31-12-2024 abbreviated format 23-07-2025 2025-00298701
31-12-2023 abbreviated format 29-07-2024 2024-00299871
31-12-2022 abbreviated format 31-07-2023 2023-00297407
31-12-2021 micro format 28-07-2022 2022-20237141
31-12-2020 micro format 30-07-2021 2021-43400147
31-12-2019 micro format 13-08-2020 2020-40900488
31-12-2018 micro format 31-07-2019 2019-42000417
31-12-2017 micro format 29-06-2018 2018-26800098
31-12-2016 micro format 31-08-2017 2017-56300335

Show all 14 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.