Financials
- Fiscal year
- 2025
- Total assets
- €57,712
- Profit
- €9,096
- Solvency
- 98.8%
Total assets▼ 5.6%
Net result
20212025
Passensum
ActiveSummary
Passensum has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,026 and a net result of €9,096. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 95% of 178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Manufacture of wearing apparel
NACE 14299NACE 14199
1 site
Size
€57,712total assets 2025
- Equity
- €57,026
- Profit
- €9,096
Turnover not published (abridged schema)
Structure
Accounts 38 d early0 of 2 deeds read
Why 98+ Liquidity: current ratio 170.19, cash €29,219+ Sector Manufacture of wearing apparel (NACE 14)+ Equity €57,026 (98.8% of total assets)+ Figures for FY 2025 (filed 25-03-2026)Show the evidence
Checked score
Score 2025
98
/ 100
Excellent
Probability in this band: under 0.55%
Better than 87% of its sector peers (NACE 14, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 98.8% of total assets
Liquidity
100+20
short-term debt 0.5% · cash 50.6%
Profitability
88+28
return on assets 15.8%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 18 months
05-2025: 0.1%
06-2025: 0.1%▲ +2.6% vs 05-2025
07-2025: 0.1%● 0.0% vs 06-2025
08-2025: 0.1%● 0.0% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%▲ +1.7% vs 10-2025
12-2025: 0.1%▲ +5.0% vs 11-2025
01-2026: 0.2%▲ +18.9% vs 12-2025
02-2026: 0.2%▲ +4.6% vs 01-2026highest value
03-2026: 0.2%● 0.0% vs 02-2026highest value
04-2026: < 0.1%▼ -72.8% vs 03-2026lowest value
05-2026: < 0.1%● 0.0% vs 04-2026lowest value
06-2026: < 0.1%● 0.0% vs 05-2026lowest value
07-2026: < 0.1%● 0.0% vs 06-2026lowest value
08-2026: < 0.1%● 0.0% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 170.19, cash €29,219 lowers the probability
- Sector Manufacture of wearing apparel (NACE 14) lowers the probability
- Equity €57,026 (98.8% of total assets) lowers the probability
- Figures for FY 2025 (filed 25-03-2026) lowers the probability
Credit up to €5,000 at 30 days acceptable
short-term debt: 0.5% and cash: 50.6% of total assets, and 1.2% 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 14, micro). Better than this share of them on solvency 90%, liquidity 98%, profitability 84%, growth against the median 76%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
38 d early
2024
48 d early
2023
74 d early
2022
25 d early
2021
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 23 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close02-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €9,096
- Liquidity times 51current ratio 170.19
Key points
By topic
Timeline
- Events
- 9
- Since
- 2022
- Next accounts
- by 30-04-2027
- 23-03-2026Annual accounts filed
- 30-09-2025Back to profit
- 30-09-2025Liquidity times 51
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of wearing apparelNACE 14299
- Founded
- 11-10-2019
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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