Equity
€8.0m ▲ 2.9%
PASSE PARTOUT SERVICES paid out €1.3m in dividends. That is 85% of the 2025 profit.
PASSE PARTOUT SERVICES
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €2.0m (2023)
-not published
peak €2.0m (2024)
€1.6m▼ 20.3%
peak €8.0m (2025)
€8.0m▲ 2.9%
€2.0m▼ 11.2%
peak 0 FTE (2023)
-not published
Board2 names since 2003
1 directorEmanuel Matthyssens
Owners
listedEmanuel Matthyssens
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Dividend €1.3m
Key points
from the 2025 annual accountsInvestments
€54,976 0.3 × depreciation
Green is investment, beige is depreciation.
Payment terms
24 days to suppliers
PASSE PARTOUT SERVICES pays its suppliers 4 days earlier than in 2024. Customers pay 115 days later.
Filings
22 annual accounts since 2004
The 2019 accounts came 7 days late. The other nine of the last ten were filed on time.
Group
7 companies controlled
Heads a group.
Position in the sector
€1.6m
Higher net result than 86% of companies in wholesale trade. Sector median €110,270 · 6,125 companies.
Checked score
97
Excellent
Financially stronger than 79% of medium-sized companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 745 companies (NACE 46, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: 0.1%▲ +0.1 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.59, cash €354,025
lowers risk
Founded in 2003
Size: turnover €2.2m, total assets €10.4m
Equity €8.0m (77.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized). It does better than 93% of them on solvency, 82% on liquidity, 97% on profitability and 46% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as PASSE PARTOUT SERVICES has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of PASSE PARTOUT SERVICES itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for PASSE PARTOUT SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.59 (1.08 in 2024), above the usual 1.5. Short-term debt is 9.2% and cash 3.4% of total assets. 23% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
50 days early
2023
1 day early
2022
26 days early
2021
2 days early
2020
22 days early
2019
7 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Emanuel Matthyssensannual accounts 2025
Shares in 2 companies, SOLVINT SUPPLY MANAGEMENT and European Institute for Negotiation BV
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0859967059
Appointment: BV VCLJ BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Lieve Mertens · General meeting of 02-08-2024 · Gazette deed
Registered office moved within Antwerp
New registered office: Paul Smekensplein 4 bus 102, 2000 Antwerpen · Previous registered office: Korte Vlierstraat 2, bus 401, 2000 Antwerpen · Reappointment: Emanuel Matthyssens (director) · General meeting of 03-10-2023 · Gazette deed
Registered office moved within Antwerp
New registered office: Korte Vlierstraat 2, bus 401, 2000 Antwerpen · Previous registered office: Vorstermanstraat 5, bus 2.3, 2000 Antwerpen · Board meeting of 28-08-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PASSE PARTOUT SERVICES Antwerp | €2.2m | 98.4% | 77.0% | - |
| CARISSIMA Ixelles | €1.4m | 27.5% | 57.4% | 0.8 |
| IT RESELLERS GROUP Antwerp | €19.6m | 6.2% | 60.6% | 4.9 |
| ROCK-IT COMPANY Antwerp | €14.2m | 10.6% | 70.0% | 7.5 |
| INEOS BELGIUM Beveren-Kruibeke-Zwijndrecht | €3.2m | 13.9% | 93.5% | 0.4 |
| COCHLEAR BENELUX Mechelen | €14.3m | 4.6% | 54.6% | 57.3 |
| BELVIET Wevelgem | €0.7m | 28.3% | 84.4% | 0.8 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PASSE PARTOUT SERVICES: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €4.1m and €20m, founded between 1990 and 2008.
Official details
Source: KBO- Status
- Active since 30-06-2003Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Agents specialised in the wholesale of other particular productsNACE 46180and 4 others
- Establishment unit
- 2.132.689.7082000 Antwerp, since 07-07-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 10-02-2026
Annual accounts 2025
- €10.4m▲ 0.4%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on PASSE PARTOUT SERVICES
PASSE PARTOUT SERVICES has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.0m and a net result of €1.6m.
Equity has been growing by about 19% per year since 2018. Its solvency ranks better than 83% of 6,192 sector peers (NACE 46, financial year 2025).
The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PASSE PARTOUT SERVICES
- What is the company number of PASSE PARTOUT SERVICES?
- The company number of PASSE PARTOUT SERVICES is 0859.967.059. The VAT number is the same number with BE in front: BE 0859.967.059.
- Where is PASSE PARTOUT SERVICES based?
- The registered office is at Paul Smekensplein 4, 2000 Antwerp.Company details
- What does PASSE PARTOUT SERVICES do?
- According to the KBO register, the main activity is agents specialised in the wholesale of other particular products (NACE 46180).
- What is the legal form of PASSE PARTOUT SERVICES?
- PASSE PARTOUT SERVICES is a private limited company (BV).
- When was PASSE PARTOUT SERVICES founded?
- PASSE PARTOUT SERVICES was founded on 30-06-2003.
- Is PASSE PARTOUT SERVICES still active?
- Yes, PASSE PARTOUT SERVICES is an active enterprise in the KBO register.
- What is the turnover of PASSE PARTOUT SERVICES?
- The turnover of PASSE PARTOUT SERVICES was €2.2m in financial year 2025, according to the filed annual accounts.Financials
- Is PASSE PARTOUT SERVICES profitable?
- In financial year 2025, PASSE PARTOUT SERVICES made a profit of €1.6m.
- Where can I find the annual accounts of PASSE PARTOUT SERVICES?
- PASSE PARTOUT SERVICES filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PASSE PARTOUT SERVICES due?
- PASSE PARTOUT SERVICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.PASSE PARTOUT SERVICES · 8 companies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.