PASSAGE
ActiveSummary
PASSAGE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2019 annual accounts show negative equity (-€20,175) and a net result of -€6,087. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability0=
Solvency0=
Growth32
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2019Age of the figures
Age of the figures
81 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 01-07-2020, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2019 accounts 30 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2019, micro schema
Equity
-€20,175▼ 43.2%
2018 · -€14,088
Total assets
€452▼ 28.4%
2018 · €631
Net result
-€6,087▼ 546%
2018 · -€942
Working capital
-€20,175▼ 43.2%
2018 · -€14,088
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
Line20182019
Operating result-€893--€5,871▼ 557%
Net result-€942--€6,087▼ 546%
Equity-€14,088--€20,175▼ 43.2%
Total assets€631-€452▼ 28.4%
Debt€14,719-€20,627▲ 40.1%
Working capital-€14,088--€20,175▼ 43.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,871 in 2019 against €893 in 2018; the loss grows.
Key figures and ratios
Debt ≤ 1 year
€20,627▲
2018 · €14,719
Income taxes
€48▼
2018 · €49
Ratios withheld: a balance sheet total of €452 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.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Gross operating margin9900 | -€562 | -€5,534 | ▼ 885% |
| Operating profit (loss)9901 | -€893 | -€5,871 | ▼ 557% |
| Recurring financial charges65 | - | €168 | - |
| Profit (loss) for the period before taxes9903 | -€893 | -€6,039 | ▼ 576% |
| Income taxes67/77 | €49 | €48 | ▼ 2.0% |
| Profit (loss) for the period9904 | -€942 | -€6,087 | ▼ 546% |
| Profit (loss) for the period to be appropriated9905 | -€942 | -€6,087 | ▼ 546% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €631 | €452 | ▼ 28.4% |
| Current assets29/58 | €631 | €452 | ▼ 28.4% |
| Cash at bank and in hand54/58 | €631 | €452 | ▼ 28.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €631 | €452 | ▼ 28.4% |
| Equity10/15 | -€14,088 | -€20,175 | ▼ 43.2% |
| Contributions10/11 | €10,207 | €10,207 | = |
| Reserves13 | €9 | €9 | = |
| Profit (loss) carried forward14 | -€24,304 | -€30,391 | ▼ 25.0% |
| Amounts payable17/49 | €14,719 | €20,627 | ▲ 40.1% |
| Amounts payable within one year42/48 | €14,719 | €20,627 | ▲ 40.1% |
| Trade debts44 | €30 | €30 | = |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€942 | -€6,087 | ▼ 546% |
| Operating cash flow (approximation) | -€942 | -€6,087 | ▼ 546% |
| Change in cash | - | -€179 | - |
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
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
25-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
04-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
16-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
01-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
NBB filing
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, Jalhay · 1 establishment unit since 1992
Ground area
1.2 ha
Building footprint
132 m²
Volume, LiDAR
455 m³
Parcel 63068C0899/00B000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route du Lac de Warfa(SART) 52, 4845 SART-LEZ-SPA
since 19922.052.041.037
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068C0899/00B000 | Wallonia | 1.2 ha | 2 · 132 m² | 9.1 m · 2 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
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ACCENT LANGUAGES
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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 11,671 companies in sector 85599 we hold annual accounts for 1,329. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap (oud statuut)
Founded01-02-1991
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
74301Translation services
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.
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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.