PASSA PORTA NL
ActiveSummary
For PASSA PORTA NL, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €309k and a net result of €4k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 462 sector peers (fiscal year 2022). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability63▼-13
Solvency93▲+23
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
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 2022Solvency, return and age of the figures
Solvency
68.1%
Return on assets
0.8%
Age of the figures
45 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 15-05-2023, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
77 d early
2021
58 d late
2020
47 d late
2019
80 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€309k▲ 68.8%
2021 · €183k
2018: €193k
2019: €193k
2020: €161k
2021: €183k
2018 → 2022
Total assets
€453k▲ 11.0%
2021 · €408k
2018: €401k
2019: €381k
2020: €414k
2021: €408k
2018 → 2022
Net result
€4k▼ 85.1%
2021 · €24k
2018: €62k
2019: €3k
2020: €-30k
2021: €24k
2018 → 2022
Working capital
€333k▲ 54.0%
2021 · €216k
2018: €228k
2019: €199k
2020: €326k
2021: €216k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€193k-€193k▲ 0.2%€161k▼ 16.5%€183k▲ 13.3%€309k▲ 68.8%
Operating result€62k-€7k▼ 88.8%€-28k€28k€6k▼ 78.3%
Net result€62k-€3k▼ 95.4%€-30k€24k€4k▼ 85.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 78% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €453k
Fixed assets
€14k ▲ 52.1%
Current assets
€439k ▲ 10.0%
Equity and liabilities €453k
Equity
€309k ▲ 68.8%
Provisions
€20k =
Debt
€125k ▼ 39.4%
Debt's share of the balance-sheet total falls from 50.3% to 27.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2021 · €32k
Cash flow
€10k▼
2021 · €28k
Current ratio
4.13▲
2021 · 2.18
Debt to equity
0.40▼
2021 · 1.12
ROE
1.2%▼
2021 · 13.1%
ROA
0.8%▼
2021 · 5.9%
Interest coverage
5.22▼
2021 · 8.33
Debt ≤ 1 year
€106k▼
2021 · €183k
Staff costs
€464k▲
2021 · €436k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 47 lines
Balance sheet
Code20212022
Assets
Total assets20/58€408k€453k▲
Fixed assets21/28€9k€14k▲
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€4k€11k▲
Furniture and vehicles24-€5k
Other tangible fixed assets26€4k€6k▲
Financial fixed assets28€1k€1k=
Current assets29/58€399k€439k▲
Amounts receivable within one year40/41€113k€191k▲
Trade receivables40€15k€37k▲
Other amounts receivable41€98k€154k▲
Cash at bank and in hand54/58€285k€247k▼
Deferred charges and accrued income490/1€255€594▲
Equity and liabilities
Total equity and liabilities10/49€408k€453k▲
Equity10/15€183k€309k▲
Reserves13€78k€78k=
Profit (loss) carried forward14€100k€104k▲
Investment grants15€5k€127k▲
Provisions and deferred taxes16€20k€20k=
Provisions for liabilities and charges160/5€20k€20k=
Other liabilities and charges164/5€20k€20k=
Amounts payable17/49€206k€125k▼
Amounts payable within one year42/48€183k€106k▼
Trade debts44€127k€51k▼
Suppliers440/4€127k€51k▼
Taxes, remuneration and social security45€56k€55k▼
Taxes450/3€3k€7k▲
Remuneration and social security454/9€53k€48k▼
Accrued charges and deferred income492/3€23k€18k▼
Income statement
Code20212022
Remuneration, social security and pensions62€436k€464k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€750€750=
Non-recurring operating charges66A€237€176▼
Gross operating margin9900€469k€478k▲
Operating profit (loss)9901€28k€6k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€24k€4k▼
Profit (loss) for the period9904€24k€4k▼
Profit (loss) for the period to be appropriated9905€24k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€100k€104k▲
Profit (loss) brought forward from the previous period14P€76k€100k▲
From contributions791€27k-
To contributions691€27k-
Social balance
Average headcount (FTE)90876.05.9▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €309k ▲68.8%
2 profitable years in a row build equity to €309k.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 58 days late
2021
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 47 days late
2020
31-12
Financial
Weakest financial yearnet €-30k ▼1129%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.04
Current ratio from 2.28 to 5.04; short-term debt falls from €156k to €81k.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 80 days late
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 446 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
08-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 130 days late
2014
31-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Brussel · 1 establishment unit since 2007
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.
Antoine Dansaertstraat 461000 BrusselGround area
412 m²
Building footprint
413 m²
Volume, LiDAR
4,610 m³
Parcel 21811M0742/00S000, Brussels · tallest building 24.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HET BESCHRIJF vzw
since 20072.160.182.377
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0742/00S000 ProtectedMonumentOverblijfselen van de eerste stadsomwalling van Brussel in het gebouw van hotel AtlasSource ↗ |
Brussels | 411 m² | 1 · 413 m² | 24.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 311,979 EUR awarded · 286,781 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 75,000 EUR | 75,000 EUR |
| 2023 | 2 | 75,000 EUR | 110,989 EUR |
| 2022 | 2 | 161,979 EUR | 100,792 EUR |
Schemes
Projectsubsidies Vlaanderen - Brussel: subsidies voor projecten in Brussel
Vlaams Brusselfonds
Cultuur: Tewerkstellingssubsidie voor een organisatie in het culturele veld volgens de Vlaamse Intersectorale Akkoorden (VIA) (Decreet Vlaamse Intersectorale Akkoorden 2004)
European Union, budget
2023 · 1 entry · 133,739 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 1 | 133,739 EUR |
Projects
CELA - CONNECTING EMERGING LITERARY ARTISTS
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Of 444 companies in sector 94992 we hold annual accounts for 137. 99 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded10-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
94992Activities of membership organisations
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.