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PASSAGE 4

Active
Private limited company (pre-2019)founded 201214 yrs activeAvenue de Luxembourg - ATHUS 7, 6791 Aubange, BelgiumKBO/BCE: BE 0844.914.342
Summary

The computed 12-month bankruptcy probability of PASSAGE 4 is 6.8% (elevated). The latest annual accounts of PASSAGE 4 were filed more than 90 days after the deadline. The 2020 annual accounts show negative equity (-€8,960) and a net result of -€490. Equity is growing by ~24.7% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability0▼-100
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
6.8% Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals

Six 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 2020
Age of the figures
Age of the figures
69 mo
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 14 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filings
Position against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 02-03-2022, 214 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
214 d late
2019
577 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 396 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 (1)
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

PASSAGE 4 was incorporated on 2 April 2012.1 The company has filed 9 sets of annual accounts, the latest for fiscal year 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020

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Financials · fiscal year 2020, micro schema

Equity
-€8,960▼ 5.8%
2019 · -€8,469
Total assets
€202=
2019 · €202
Net result
-€490
2019 · €4,915
Working capital
-€9,159▼ 5.7%
2019 · -€8,668
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
Line201820192020
Operating result€11,141-€5,397▼ 51.6%
Net result€10,655-€4,915▼ 53.9%-€490
Equity-€13,385--€8,469▲ 36.7%-€8,960▼ 5.8%
Total assets€202-€202=€202=
Debt€13,587-€8,671▼ 36.2%€9,162▲ 5.7%
Working capital-€13,584--€8,668▲ 36.2%-€9,159▼ 5.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000Operating result 2018: €11,141€11,141Net result 2018: €10,655€10,655Operating result 2019: €5,397€5,397Net result 2019: €4,915€4,915Net result 2020: -€490-€490201820192020-€5,000€0€5,000€10,000Operating result 2018: €11,141€11,100Net result 2018: €10,655€10,700Operating result 2019: €5,397€5,400Net result 2019: €4,915€4,920Net result 2020: -€490-€490201820192020
The operating result falls in 2019; 2019 is 52% below 2018.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €202
Fixed assets €199 =
Current assets €3 =
Key figures and ratios
2020 value · change against 2019
Debt ≤ 1 year
€9,162▲
2019 · €8,671
Ratios withheld: a balance sheet total of €202 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
Filed annual accounts As filed with the NBB · 2020 against 2019 · 17 lines
Balance sheet Code20192020
Assets
Total assets20/58€202€202=
Fixed assets21/28€199€199=
Financial fixed assets28€199€199=
Current assets29/58€3€3=
Cash at bank and in hand54/58€3€3=
Equity and liabilities
Total equity and liabilities10/49€202€202=
Equity10/15-€8,469-€8,960▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€28,469-€28,960▼
Amounts payable17/49€8,671€9,162▲
Amounts payable within one year42/48€8,671€9,162▲
Income statement Code20192020
Gross operating margin9900€5,397€0▼
Operating profit (loss)9901€5,397-
Recurring financial charges65€482€490▲
Profit (loss) for the period before taxes9903€4,915-€490▼
Profit (loss) for the period9904€4,915-€490▼
Profit (loss) for the period to be appropriated9905€4,915-€490▼
Line201820192020Change
Gross operating margin9900€11,141€5,397€0▼ 100%
Operating profit (loss)9901€11,141€5,397--
Recurring financial charges65€486€482€490▲ 1.8%
Profit (loss) for the period before taxes9903€10,655€4,915-€490▼ 110%
Profit (loss) for the period9904€10,655€4,915-€490▼ 110%
Profit (loss) for the period to be appropriated9905€10,655€4,915-€490▼ 110%
Line201820192020Change
Assets
Total assets20/58€202€202€202=
Fixed assets21/28€199€199€199=
Financial fixed assets28€199€199€199=
Current assets29/58€3€3€3=
Cash at bank and in hand54/58€3€3€3=
Equity and liabilities
Total equity and liabilities10/49€202€202€202=
Equity10/15-€13,385-€8,469-€8,960▼ 5.8%
Contributions10/11€20,000€20,000€20,000=
Profit (loss) carried forward14-€33,385-€28,469-€28,960▼ 1.7%
Amounts payable17/49€13,587€8,671€9,162▲ 5.7%
Amounts payable within one year42/48€13,587€8,671€9,162▲ 5.7%
Trade debts44€5,397---
Line201820192020Change
Profit (loss) for the period9904€10,655€4,915-€490▼ 110%
Operating cash flow (approximation)€10,655€4,915-€490▼ 110%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€0€0-

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

2022
02-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 214 days late
28-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 577 days late
26-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 941 days late
2020
31-12
Financial Weakest financial yearnet -€490
Net result drops to -€490, the lowest in the series.
20-03
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 598 days late
2017
26-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
26-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 26 days late
2015
31-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
27-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 27 days late
2013
30-08
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Aubange · 1 establishment unit since 2012
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.

Avenue de Luxembourg - ATHUS 76791 Aubange
1 establishment unit
Avenue de Luxembourg - ATHUS 7, 6791 Aubange
Cafés and bars
since 20122.209.541.125

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded02-04-2012
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.

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Register as of 28 September 2026 · Peppol Directory

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