Passi Passé

Active

Private limited companyfounded 20188 yrs activeMerenwegel 1, 9140 Temse, BelgiumKBO/BCE: BE 0696.898.676

The computed 12-month bankruptcy probability of Passi Passé is 2.3% (moderate). The 2024 annual accounts show negative equity (€-30k) and a net result of €-28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 26046 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

19 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-14

Solvency0▼-23

Growth32=

Track record100

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.74 against 0.94 in 2023; short-term debt: 127.5% and cash: 2.9% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-27.5%

Return on assets

-25.5%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-30k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 7 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

29 d late

2022

31 d late

2021

30 d late

2020

31 d late

2019

34 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€-30k▼ 1,302%

2023 · €-2k

2018: €11k 2019: €11k 2020: €13k 2021: €16k 2022: €10k 2023: €-2k

2018 → 2024

Total assets

€109k▼ 15.5%

2023 · €129k

2018: €136k 2019: €133k 2020: €135k 2021: €138k 2022: €130k 2023: €129k

2018 → 2024

Net result

€-28k▼ 132%

2023 · €-12k

2018: €4k 2019: €661 2020: €1k 2021: €4k 2022: €-6k 2023: €-12k

2018 → 2024

Working capital

€-36k▼ 343%

2023 · €-8k

2018: €4k 2019: €4k 2020: €6k 2021: €10k 2022: €4k 2023: €-8k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€13k-€16k▲ 29.9%€10k▼ 39.5%€-2k€-30k▼ 1,302%

Operating result€1k-€4k▲ 216%€-6k€-12k▼ 106%€-27k▼ 134%

Net result€1k-€4k▲ 167%€-6k€-12k▼ 86.1%€-28k▼ 132%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €27k in 2024 against €12k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €109k

94.5%

Fixed assets €6k=

Current assets €103k▼ 16.2%

Key figures and ratios

2024 value · change against 2023

Solvency

-27.5%▼

2023 · -1.7%

Current ratio

0.74▼

2023 · 0.94

Quick ratio

0.04▼

2023 · 0.13

Debt / equity

-4.64▲

2023 · -61.36

ROA

-25.5%▼

2023 · -9.3%

Debt

€139k▲

2023 · €132k

Debt ≤ 1 year

€139k▲

2023 · €132k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€129k€109k▼

Fixed assets21/28€6k€6k=

Financial fixed assets28€6k€6k=

Current assets29/58€123k€103k▼

Stocks and contracts in progress3€107k€97k▼

Stocks30/36€107k€97k▼

Amounts receivable within one year40/41€4k-

Trade receivables40€527-

Other amounts receivable41€3k-

Cash at bank and in hand54/58€10k€3k▼

Deferred charges and accrued income490/1€3k€3k▲

Equity and liabilities

Total equity and liabilities10/49€129k€109k▼

Equity10/15€-2k€-30k▼

Contributions10/11€6k€6k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€-10k€-38k▼

Amounts payable17/49€132k€139k▲

Amounts payable within one year42/48€132k€139k▲

Financial debts43-€4k

Credit institutions430/8-€4k

Trade debts44€17k€18k▲

Suppliers440/4€17k€18k▲

Taxes, remuneration and social security45€10k€7k▼

Taxes450/3€10k€7k▼

Other amounts payable47/48€104k€110k▲

Income statement Code20232024

Other operating charges640/8€1k€1k▲

Gross operating margin9900€-10k€-26k▼

Operating profit (loss)9901€-12k€-27k▼

Financial income75/76B€57€14▼

Recurring financial income75€57€14▼

Financial charges65/66B€427€589▲

Recurring financial charges65€427€589▲

Profit (loss) for the period before taxes9903€-12k€-28k▼

Profit (loss) for the period9904€-12k€-28k▼

Profit (loss) for the period to be appropriated9905€-12k€-28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-12k€-38k▼

Profit (loss) brought forward from the previous period14P-€-10k

Transfer from equity791/2€2k-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 1Filings 7

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €-28k

Net result drops to €-28k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

03-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 34 days late

2019

30-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Temse · 2 establishment units since 2018

establishment All 2 establishment units on the map

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.

Merenwegel 19140 Temse

Ground area

1,892 m²

Building footprint

450 m²

Volume, LiDAR

3,302 m³

2 parcels, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

Passi Passé

Merenwegel 1, 9140 TemseRetail sale of household textiles and bedding

since 20182.276.692.641

Passi Passé

Stationsstraat 56, 9100 Sint-NiklaasRetail sale of household textiles and bedding

since 20182.276.692.740

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46008A1052/00K002	Flanders	1,628 m²	1 · 186 m²	11.2 m · 3 fl.
46443E0364/00M002	Flanders	264 m²	1 · 264 m²	14.3 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 6,503 companies in sector 47716 we hold annual accounts for 2,441. 1,231 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-05-2018

Fiscal year end31-12

Activities, NACEBEL

47716Retail sale of clothing and accessories for women, men, children and babies (general range)

47551Retail sale of household furniture

47591Retail trade

56309Food and beverage service activities

73110Advertising agencies

74300Other professional, scientific and technical activities

74301Translation services

Sources

Crossroads Bank for EnterprisesNational Bank · 7 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.