PASSION
ActiveSummary
The computed 12-month bankruptcy probability of PASSION is 2.7% (moderate). The 2025 annual accounts show negative equity (€-61k) and a net result of €-531. Equity remains stable across the filed fiscal years (±1.3% per year). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency-
Growth32=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-61k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
29 d late
2023
27 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
88 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-531▲ 73.7%
2024 · €-2k
2018: €-70highest in 8 years
2019: €-72▼ -2.9% vs 2018
2020: €-72● -0.0% vs 2019
2021: €-73▼ -0.7% vs 2020
2022: €-463▼ -539% vs 2021
2023: €-2k▼ -261% vs 2022
2024: €-2k▼ -20.9% vs 2023lowest in 8 years
2025: €-531▲ +73.7% vs 2024
2018 → 2025
Working capital
€-59k
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-57k-€-57k▼ 0.8%€-59k▼ 2.9%€-61k▼ 3.4%€-61k▼ 0.9%
2021: €-57khighest in 5 years
2022: €-57k▼ -0.8% vs 2021
2023: €-59k▼ -2.9% vs 2022
2024: €-61k▼ -3.4% vs 2023
2025: €-61k▼ -0.9% vs 2024lowest in 5 years
Operating result€-73-€-463▼ 539%€-2k▼ 261%€-2k▼ 19.1%€-518▲ 74.0%
2021: €-73highest in 5 years
2022: €-463▼ -539% vs 2021
2023: €-2k▼ -261% vs 2022
2024: €-2k▼ -19.1% vs 2023lowest in 5 years
2025: €-518▲ +74.0% vs 2024
Net result€-73-€-463▼ 539%€-2k▼ 261%€-2k▼ 20.9%€-531▲ 73.7%
2021: €-73highest in 5 years
2022: €-463▼ -539% vs 2021
2023: €-2k▼ -261% vs 2022
2024: €-2k▼ -20.9% vs 2023lowest in 5 years
2025: €-531▲ +73.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €518 in 2025 against €2k in 2024; the loss shrinks.
Key figures and ratios
Debt to equity
-1.00=
2024 · -1.00
Debt
€61k▲
2024 · €61k
Debt ≤ 1 year
€61k▲
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 22 lines
Balance sheet
Code20242025
Equity and liabilities
Total equity and liabilities10/49€0€0=
Equity10/15€-61k€-61k▼
Contributions10/11€31k€31k=
Capital10€31k€31k=
Issued capital100€31k€31k=
Profit (loss) carried forward14€-92k€-92k▼
Amounts payable17/49€61k€61k▲
Amounts payable within one year42/48€60k€61k▲
Trade debts44€199€79▼
Suppliers440/4€199€79▼
Other amounts payable47/48€60k€61k▲
Accrued charges and deferred income492/3€387-
Income statement
Code20242025
Other operating charges640/8€1k€162▼
Gross operating margin9900€-611€-355▲
Operating profit (loss)9901€-2k€-518▲
Financial charges65/66B€31€14▼
Recurring financial charges65€31€14▼
Profit (loss) for the period before taxes9903€-2k€-531▲
Profit (loss) for the period9904€-2k€-531▲
Profit (loss) for the period to be appropriated9905€-2k€-531▲
Appropriation of the result
Profit (loss) to be appropriated9906€-92k€-92k▼
Profit (loss) brought forward from the previous period14P€-90k€-92k▼
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €73 | €221 | €186 | €1k | €162 | ▼ 88.2% |
| Gross operating margin9900 | - | €-242 | €-1k | €-611 | €-355 | ▲ 41.9% |
| Operating profit (loss)9901 | €-73 | €-463 | €-2k | €-2k | €-518 | ▲ 74.0% |
| Financial charges65/66B | - | - | - | €31 | €14 | ▼ 55.5% |
| Recurring financial charges65 | - | - | - | €31 | €14 | ▼ 55.5% |
| Profit (loss) for the period before taxes9903 | €-73 | €-463 | €-2k | €-2k | €-531 | ▲ 73.7% |
| Profit (loss) for the period9904 | €-73 | €-463 | €-2k | €-2k | €-531 | ▲ 73.7% |
| Profit (loss) for the period to be appropriated9905 | €-73 | €-463 | €-2k | €-2k | €-531 | ▲ 73.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | - | €393 | - | - | - |
| Current assets29/58 | - | - | €393 | - | - | - |
| Amounts receivable within one year40/41 | - | - | €393 | - | - | - |
| Other amounts receivable41 | - | - | €393 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0 | €0 | €393 | €0 | €0 | - |
| Equity10/15 | €-57k | €-57k | €-59k | €-61k | €-61k | ▼ 0.9% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Capital10 | €31k | €31k | €31k | €31k | €31k | = |
| Issued capital100 | €31k | €31k | €31k | €31k | €31k | = |
| Profit (loss) carried forward14 | €-88k | €-88k | €-90k | €-92k | €-92k | ▼ 0.6% |
| Amounts payable17/49 | €57k | €57k | €59k | €61k | €61k | ▲ 0.9% |
| Amounts payable within one year42/48 | €57k | €57k | €59k | €60k | €61k | ▲ 1.5% |
| Trade debts44 | - | €387 | - | €199 | €79 | ▼ 60.3% |
| Suppliers440/4 | - | €387 | - | €199 | €79 | ▼ 60.3% |
| Other amounts payable47/48 | €57k | €57k | €59k | €60k | €61k | ▲ 1.7% |
| Accrued charges and deferred income492/3 | - | - | - | €387 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-73 | €-463 | €-2k | €-2k | €-531 | ▲ 73.7% |
| Operating cash flow (approximation) | €-73 | €-463 | €-2k | €-2k | €-531 | ▲ 73.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Genappe · 1 establishment unit since 1989
Ground area
1,983 m²
Building footprint
304 m²
Volume, LiDAR
997 m³
Parcel 25003M0256/00D000, Wallonia · tallest building 4.1 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Drève des Mésanges 8, 1470 Genappe
since 19892.042.903.043
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25003M0256/00D000 | Wallonia | 1,983 m² | 1 · 303 m² | 4.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded31-01-1989
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.