PASSÉ
ActivePASSÉ has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €36k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 13306 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency57▲+57
Growth83▲+13
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.15 in 2024; short-term debt: 68% and cash: 5% of total assets), and 68% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32%
Return on assets
76.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 10 filingsDeviation from the deadline
2025
3 d late
2024
152 d late
2023
119 d late
2022
62 d late
2021
116 d late
2020
55 d late
2019
101 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€106k▼ 3.6%
2023 · €110k
2021: €63k
2022: €92k
2023: €110k
2021 → 2024
EBIT margin
27.8%▲ 23.5pp
2023 · 4.3%
2021: -22.3%
2022: 8.7%
2023: 4.3%
2021 → 2024
Net result
€36k▲ 28.4%
2024 · €28k
2018: €2k
2019: €-35k
2020: €-14k
2021: €-15k
2022: €5k
2023: €4k
2024: €28k
2018 → 2025
Working capital
€-25k▲ 39.0%
2024 · €-41k
2018: €11k
2019: €-31k
2020: €-47k
2021: €-62k
2022: €-57k
2023: €-53k
2024: €-41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€63k-€92k▲ 44.9%€110k▲ 19.5%€106k▼ 3.6%
Equity€-59k-€-53k▲ 8.8%€-49k▲ 7.9%€-21k▲ 57.2%€15k
Operating result€-14k-€8k€5k▼ 41.1%€29k▲ 522%€42k▲ 43.1%
Net result€-15k-€5k€4k▼ 18.2%€28k▲ 569%€36k▲ 28.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 43% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€40k▲ 101%
Current assets
€7k▼ 2.4%
Equity and liabilities €47k
Equity
€15k
Debt
€32k
Debt finances 68.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€47k
Cash flow
€41k
Solvency
32.0%▲
2024 · -78.0%
Current ratio
0.22▲
2024 · 0.15
Quick ratio
0.10▲
2024 · 0.07
Debt / equity
2.12▲
2024 · -2.28
ROE
240.0%
ROA
76.9%▼
2024 · 104.1%
Interest coverage
36.47
Debt
€32k▼
2024 · €48k
Debt ≤ 1 year
€32k▼
2024 · €48k
Income taxes
€5k
Staff costs
€739▲
2024 · €736
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€27k€47k▲
Fixed assets21/28€20k€40k▲
Tangible fixed assets22/27€20k€40k▲
Plant, machinery and equipment23-€24k
Furniture and vehicles24€20k€16k▼
Current assets29/58€7k€7k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€61€7▼
Trade receivables40-€7
Other amounts receivable41€61-
Cash at bank and in hand54/58€2k€2k▼
Deferred charges and accrued income490/1€780€780▲
Equity and liabilities
Total equity and liabilities10/49€27k€47k▲
Equity10/15€-21k€15k▲
Contributions10/11€20k€19k▼
Reserves13-€2k
Distributable reserves133-€2k
Profit (loss) carried forward14€-42k€-5k▲
Amounts payable17/49€48k€32k▼
Amounts payable within one year42/48€48k€32k▼
Trade debts44€29k€6k▼
Suppliers440/4€29k€6k▼
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€851€7k▲
Remuneration and social security454/9€908€390▼
Other amounts payable47/48€18k€19k▲
Income statement
Code20242025
Turnover70€106k-
Non-recurring operating income76A-€2k
Goods, raw materials, services and sundry goods60/61€74k-
Remuneration, social security and pensions62€736€739▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k
Other operating charges640/8€2k€1k▼
Gross operating margin9900€32k€48k▲
Operating profit (loss)9901€29k€42k▲
Financial income75/76B€202€65▼
Recurring financial income75€202€65▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€28k€41k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€28k€36k▲
Profit (loss) for the period to be appropriated9905€28k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-5k▲
Profit (loss) brought forward from the previous period14P€-70k€-42k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Highest result since 2018net €36k ▲28.4%
Operating result €42k, net result €36k, both a record.
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
2023
01-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 62 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 116 days late
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €-35k ▼1953%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 2023
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.
Tweemontstraat 4372100 AntwerpenGround area
84 m²
Building footprint
84 m²
Volume, LiDAR
791 m³
Parcel 11012A0013/00M002, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Max Snacks
since 20232.350.047.011
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0013/00M002 | Flanders | 84 m² | 1 · 84 m² | 14.0 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.350.047.011
Similar companies · same sector, comparable size
AMBRE
BE 0478.811.695
Sint-Truiden · Eq €15k
GIOC
BE 0846.311.835
Brussel · Eq €15k
Den Eik
BE 0422.454.301
Herselt · Eq €15k
HOTEL PEKER
BE 0682.472.303
Brussel · Eq €15k
Turbo Antwerp
BE 1017.565.830
Antwerpen · Eq €15k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 3,852 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-2011
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.