Equity
€124,697 ▲ 4.4%
PASSION paid out €13,355 in dividends. That is 72% of the 2025 profit.
PASSION
Lifetime
18 annual accounts with figures on one time axispeak €373,839 (2013)
€278,427▼ 3.5%
lowest -€15,254 (2020)
€18,563▼ 40.8%
peak €124,697 (2025)
€124,697▲ 4.4%
€83,576▼ 5.4%
peak 7.6 FTE (2008)
-not published
Board4 names since 2019
1 director
Documentsfilings and deeds
04-02-20264 days late
2025micro format
Result from €31,365 to €18,563Change of role: , from manager to director 16-04Dividend €13,355
Key points
from the 2025 annual accountsTurnover
≈ €670,000 estimated
The micro format states no turnover.
Staff
3.7 FTE from 7.6 in 2008
Between 2008 and 2025, 51% of the full-time equivalents disappeared.
Filings
18 annual accounts since 2008
The 2025 accounts came 4 days late. The other nine of the last ten were filed on time.
Board
1 joined
New director. Latest change 01-01-2026 · 2 in office.
Position in the sector
€124,697
More equity than 82% of companies in food and beverage service. Sector median €28,354 · 18,541 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 34,721 companies had the same profile as PASSION has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 34,721 companies, not a prediction for PASSION. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Appointment: (director)
Permanent representative: · General meeting of 01-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0888094980
Change of role: , from manager to director
Appointment: (successor director) · Director discharge: (manager) · General meeting of 09-04-2025 · Gazette deed
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Slopen of verwijderen van een publiciteitsinrichting · Gent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PASSION Ghent | €208,273 | €278,427 | 59.9% | - |
| PER BACCO Ghent | €200,005 | €298,076 | 44.4% | - |
| Jaggers Ghent | €180,580 | €331,317 | -10.1% | - |
| MERMAT Ronse | €223,263 | €308,208 | 21.4% | - |
| 't Bos Sint-Niklaas | €215,784 | €285,740 | -6.5% | - |
| INFIRMERIE Tongeren-Borgloon | €198,727 | €255,587 | 15.8% | - |
| L’ENOTECA Tournai | €216,897 | €248,730 | 54.3% | - |
These companies have the same main activity as PASSION: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €181,000 and €223,000, founded between 2004 and 2008.
Official details
Source: KBO- Status
- Active since 20-03-2007Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Establishment unit
- 2.161.911.6509000 Ghent, since 26-04-2007
- Financial year end
- 30 June
- Peppol
- Reachable since 26-01-2026
Annual accounts to 30-06-2025
- €208,273▲ 0.2%
- Employeeson 30-06-2025
- 4=
- Filing
- Filed on 04-02-2026
Insights on PASSION
PASSION files the micro format. That format states no turnover. The gross margin fell from €316,949 in 2008 to €278,427 in 2025.
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 PASSION
- What is the company number of PASSION?
- The company number of PASSION is 0888.094.980. The VAT number is the same number with BE in front: BE 0888.094.980.
- Where is PASSION based?
- The registered office is at Emile Braunplein 1, 9000 Ghent.Company details
- What does PASSION do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of PASSION?
- PASSION is a private limited company (BV).
- When was PASSION founded?
- PASSION was founded on 20-03-2007.
- Is PASSION still active?
- Yes, PASSION is an active enterprise in the KBO register.
- How many employees does PASSION have?
- PASSION had an average of 3.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PASSION?
- The turnover in financial year 2025 is ≈ €670,000. This figure is estimated from the gross margin of €278,427 and 41 comparable companies (NACE 56111). It probably lies between €570,000 and €790,000.
- Is PASSION profitable?
- In financial year 2025, PASSION made a profit of €18,563.
- Where can I find the annual accounts of PASSION?
- PASSION filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PASSION due?
- PASSION must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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