Financials
- Fiscal year
- 2025
- Total assets
- €260,544
- Profit
- €35,976
- Solvency
- 29.0%
Total assets▲ 7.0%
Net result
20182025
PASSE SIMPLE
ActiveSummary
PASSE SIMPLE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,558 and a net result of €35,976. Equity is growing by ~53.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 21069 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Retail sale of antiques
NACE 47791NACE 52501
1 site
Size
€260,544total assets 2025
- Equity
- €75,558
- Profit
- €35,976
Turnover not published (abridged schema)
Structure
Accounts filed 5 d late0 of 3 deeds read
Why 71- Latest accounts 5 days late; 1 of the last 3 late- Liquidity: current ratio 1.10, cash €4,226- Sector Retail trade (NACE 47)+ Founded in 2005Show the evidence
Checked score
Score 2025
71
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 58% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
54+13
equity 29.0% of total assets
Liquidity
16+7
short-term debt 66.9% · cash 1.6%
Profitability
86+7
return on assets 13.8%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.7%
12-2024: 1.7%● 0.0% vs 11-2024
01-2025: 1.7%● 0.0% vs 12-2024
02-2025: 1.7%● 0.0% vs 01-2025
03-2025: 1.7%● 0.0% vs 02-2025
04-2025: 1.6%▼ -2.1% vs 03-2025
05-2025: 1.6%▼ -5.7% vs 04-2025
06-2025: 1.5%▼ -4.5% vs 05-2025
07-2025: 1.7%▲ +16.3% vs 06-2025
08-2025: 2.3%▲ +36.1% vs 07-2025highest value
09-2025: 1.0%▼ -56.3% vs 08-2025
10-2025: 1.0%● 0.0% vs 09-2025
11-2025: 1.0%● 0.0% vs 10-2025
12-2025: 1.0%● 0.0% vs 11-2025
01-2026: 1.0%▼ -1.7% vs 12-2025
02-2026: 1.0%● 0.0% vs 01-2026
03-2026: 1.0%▼ -1.4% vs 02-2026
04-2026: 1.0%▲ +0.4% vs 03-2026
05-2026: 1.0%▼ -0.7% vs 04-2026
06-2026: 1.0%▼ -3.2% vs 05-2026
07-2026: 1.0%▲ +1.1% vs 06-2026
08-2026: 1.7%▲ +79.2% vs 07-2026
09-2026: 0.6%▼ -65.7% vs 08-2026lowest value
10-2026: 0.6%● 0.0% vs 09-2026lowest value
- Founded in 2005 lowers the probability for this profile
- Latest accounts 5 days late; 1 of the last 3 late raises the probability
- Liquidity: current ratio 1.10, cash €4,226 raises the probability
- Sector Retail trade (NACE 47) raises the probability
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.88 in 2024; short-term debt: 66.9% and cash: 1.6% of total assets), and 71% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 44%, liquidity 15%, profitability 81%, growth against the median 91%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
on the day
2023
35 d late
2022
31 d late
2021
31 d late
2020
86 d late
2019
112 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 05-08-2026Annual accounts filed
- 31-07-2025Annual accounts filed
- 04-09-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of antiquesNACE 47791
- Founded
- 10-03-2005
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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