PASSPORT
ActiveSummary
PASSPORT has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 80% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-35
Solvency94▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.69 in 2024; short-term debt: 31.1% and cash: 7.7% of total assets), and 31.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.9%
Return on assets
1.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
27 d late
2023
29 d late
2022
30 d late
2021
27 d late
2020
30 d late
2019
54 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
€93k
EBIT margin
2.5%
Net result
€1k▼ 97.8%
2024 · €48k
2018: €-6klowest in 8 years
2019: €-6k▲ +5.1% vs 2018
2020: €3k▲ +158% vs 2019
2021: €3k▼ -17.7% vs 2020
2022: €6k▲ +120% vs 2021
2023: €13k▲ +126% vs 2022
2024: €48k▲ +263% vs 2023highest in 8 years
2025: €1k▼ -97.8% vs 2024
2018 → 2025
Working capital
€-5k▲ 57.9%
2024 · €-12k
2018: €-127klowest in 8 years
2019: €-115k▲ +9.2% vs 2018
2020: €-97k▲ +16.0% vs 2019
2021: €-80k▲ +17.3% vs 2020
2022: €-66k▲ +17.9% vs 2021
2023: €-65k▲ +0.5% vs 2022
2024: €-12k▲ +82.2% vs 2023
2025: €-5k▲ +57.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€93k
Equity€-26k-€-20k▲ 22.8%€-7k▲ 66.7%€41k€42k▲ 2.6%
2021: €-26klowest in 5 years
2022: €-20k▲ +22.8% vs 2021
2023: €-7k▲ +66.7% vs 2022
2024: €41k▲ +728% vs 2023
2025: €42k▲ +2.6% vs 2024highest in 5 years
Operating result€6k-€10k▲ 52.8%€16k▲ 63.3%€51k▲ 223%€2k▼ 95.5%
2021: €6k
2022: €10k▲ +52.8% vs 2021
2023: €16k▲ +63.3% vs 2022
2024: €51k▲ +223% vs 2023highest in 5 years
2025: €2k▼ -95.5% vs 2024lowest in 5 years
Net result€3k-€6k▲ 120%€13k▲ 126%€48k▲ 263%€1k▼ 97.8%
2021: €3k
2022: €6k▲ +120% vs 2021
2023: €13k▲ +126% vs 2022
2024: €48k▲ +263% vs 2023highest in 5 years
2025: €1k▼ -97.8% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€47k ▼ 10.7%
Current assets
€14k ▼ 44.1%
Equity and liabilities €62k
Equity
€42k ▲ 2.6%
Debt
€19k ▼ 48.4%
Debt's share of the balance-sheet total falls from 47.2% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8k▼
2024 · €56k
Cash flow
€7k▼
2024 · €54k
Current ratio
0.74▲
2024 · 0.69
Debt to equity
0.45▼
2024 · 0.90
ROE
2.5%▼
2024 · 115.9%
ROA
1.7%▼
2024 · 61.2%
Interest coverage
6.43▼
2024 · 21.25
Debt ≤ 1 year
€19k▼
2024 · €37k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€79k€62k▼
Fixed assets21/28€53k€47k▼
Tangible fixed assets22/27€52k€46k▼
Land and buildings22€38k€35k▼
Plant, machinery and equipment23€14k€12k▼
Financial fixed assets28€1k€1k=
Current assets29/58€25k€14k▼
Amounts receivable within one year40/41€16k€10k▼
Trade receivables40€11k€10k▼
Other amounts receivable41€5k-
Cash at bank and in hand54/58€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€79k€62k▼
Equity10/15€41k€42k▲
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Profit (loss) carried forward14€-40k€-39k▲
Amounts payable17/49€37k€19k▼
Amounts payable within one year42/48€37k€19k▼
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€98€3k▲
Suppliers440/4€98€3k▲
Taxes, remuneration and social security45-€5k
Taxes450/3-€3k
Remuneration and social security454/9-€2k
Other amounts payable47/48€37k€1k▼
Income statement
Code20242025
Turnover70-€93k
Goods, raw materials, services and sundry goods60/61-€76k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€57k€9k▼
Gross operating margin9900€113k€17k▼
Operating profit (loss)9901€51k€2k▼
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€48k€1k▼
Profit (loss) for the period9904€48k€1k▼
Profit (loss) for the period to be appropriated9905€48k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-39k▲
Profit (loss) brought forward from the previous period14P€-88k€-40k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €93k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €76k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €8k | €5k | €6k | €6k | ▼ 0.4% |
| Other operating charges640/8 | €50k | €81k | €80k | €57k | €9k | ▼ 83.6% |
| Gross operating margin9900 | €70k | €99k | €101k | €113k | €17k | ▼ 84.7% |
| Operating profit (loss)9901 | €6k | €10k | €16k | €51k | €2k | ▼ 95.5% |
| Financial charges65/66B | €4k | €4k | €2k | €3k | €1k | ▼ 53.2% |
| Recurring financial charges65 | €4k | €4k | €2k | €3k | €1k | ▼ 53.2% |
| Profit (loss) for the period before taxes9903 | €3k | €6k | €13k | €48k | €1k | ▼ 97.8% |
| Profit (loss) for the period9904 | €3k | €6k | €13k | €48k | €1k | ▼ 97.8% |
| Profit (loss) for the period to be appropriated9905 | €3k | €6k | €13k | €48k | €1k | ▼ 97.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72k | €77k | €82k | €79k | €62k | ▼ 21.5% |
| Fixed assets21/28 | €54k | €46k | €59k | €53k | €47k | ▼ 10.7% |
| Tangible fixed assets22/27 | €53k | €45k | €58k | €52k | €46k | ▼ 10.9% |
| Land and buildings22 | €48k | €44k | €41k | €38k | €35k | ▼ 8.6% |
| Plant, machinery and equipment23 | €1k | €478 | €17k | €14k | €12k | ▼ 17.2% |
| Furniture and vehicles24 | €4k | - | - | - | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €18k | €31k | €24k | €25k | €14k | ▼ 44.1% |
| Amounts receivable within one year40/41 | €18k | €21k | €15k | €16k | €10k | ▼ 39.3% |
| Trade receivables40 | €12k | €17k | €9k | €11k | €10k | ▼ 11.3% |
| Other amounts receivable41 | €6k | €3k | €6k | €5k | - | - |
| Cash at bank and in hand54/58 | - | €11k | €9k | €10k | €5k | ▼ 51.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72k | €77k | €82k | €79k | €62k | ▼ 21.5% |
| Equity10/15 | €-26k | €-20k | €-7k | €41k | €42k | ▲ 2.6% |
| Contributions10/11 | €74k | €74k | €74k | €74k | €74k | = |
| Capital10 | €74k | €74k | €74k | €74k | €74k | = |
| Issued capital100 | €74k | €74k | €74k | €74k | €74k | = |
| Reserves13 | €7k | €7k | €7k | €7k | €7k | = |
| Non-distributable reserves130/1 | €7k | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | €7k | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €-108k | €-102k | €-88k | €-40k | €-39k | ▲ 2.6% |
| Amounts payable17/49 | €98k | €97k | €89k | €37k | €19k | ▼ 48.4% |
| Amounts payable within one year42/48 | €98k | €97k | €89k | €37k | €19k | ▼ 48.4% |
| Financial debts43 | €20k | - | €13k | - | €10k | - |
| Credit institutions430/8 | €20k | - | €13k | - | €10k | - |
| Trade debts44 | - | €6k | €3k | €98 | €3k | ▲ 2,847% |
| Suppliers440/4 | - | €6k | €3k | €98 | €3k | ▲ 2,847% |
| Taxes, remuneration and social security45 | - | - | - | - | €5k | - |
| Taxes450/3 | - | - | - | - | €3k | - |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | €78k | €91k | €73k | €37k | €1k | ▼ 97.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €6k | €13k | €48k | €1k | ▼ 97.8% |
| + Depreciation and write-downs630 | €14k | €8k | €5k | €6k | €6k | ▼ 0.4% |
| Operating cash flow (approximation) | €17k | €14k | €18k | €54k | €7k | ▼ 87.4% |
| Investment in fixed assets (approximation) | - | €0 | €-18k | €0 | €0 | - |
| Change in cash | - | - | €-2k | €1k | €-5k | ▼ 507% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €48k ▲263%
Operating result €51k, net result €48k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 27 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 54 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Jette · 1 establishment unit since 1983
Ground area
463 m²
Building footprint
216 m²
Volume, LiDAR
2,226 m³
2 parcels, Brussels · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PASSPORT
since 19832.022.708.633
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464E0029/00R004 | Brussels | 322 m² | 1 · 134 m² | 12.3 m · 3 fl. |
| 21683D0033/00T007 | Brussels | 141 m² | 1 · 82 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,502 companies in sector 47716 we hold annual accounts for 2,440. 1,833 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-06-1983
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.