PASSY
InactivePASSY was declared bankrupt on 08-11-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 18-04-2023, published in the Belgian State Gazette on 26-04-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline20-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 11-03-2022, 223 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
223 d late
2019
142 d early
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€328k
EBIT margin
16.9%
Net result
€43k▲ 4.6%
2019 · €41k
2018: €24k
2019: €41k
2018 → 2020
Working capital
€38k▲ 26.6%
2019 · €30k
2018: €22k
2019: €30k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€328k
Equity€35k-€76k▲ 119%€43k▼ 43.6%
Operating result€18k-€55k▲ 206%€54k▼ 2.2%
Net result€24k-€41k▲ 74.0%€43k▲ 4.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 2% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €125k
Fixed assets
€9k▼ 81.6%
Current assets
€115k▲ 136%
Equity and liabilities €125k
Equity
€43k▼ 43.6%
Debt
€82k▲ 249%
The debt ratio rises from 23.7% to 65.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54k▼
2019 · €58k
Cash flow
€43k▼
2019 · €44k
Solvency
34.2%▼
2019 · 76.3%
Current ratio
1.49▼
2019 · 2.57
Quick ratio
1.49▼
2019 · 2.57
Debt / equity
0.10▲
2019 · 0.06
ROE
100.7%▲
2019 · 54.3%
ROA
34.4%▼
2019 · 41.4%
Debt
€82k▲
2019 · €23k
Debt ≤ 1 year
€78k▲
2019 · €19k
Debt > 1 year
€4k=
2019 · €4k
Income taxes
€11k▼
2019 · €14k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€99k€125k▲
Fixed assets21/28€50k€9k▼
Intangible fixed assets21€36k-
Tangible fixed assets22/27€5k€82▼
Financial fixed assets28€9k€9k=
Current assets29/58€49k€115k▲
Amounts receivable within one year40/41€39k€114k▲
Cash at bank and in hand54/58€10k€2k▼
Equity and liabilities
Total equity and liabilities10/49€99k€125k▲
Equity10/15€76k€43k▼
Contributions10/11€7k€7k=
Reserves13€10k€10k=
Profit (loss) carried forward14€59k€26k▼
Amounts payable17/49€23k€82k▲
Amounts payable after more than one year17€4k€4k=
Amounts payable within one year42/48€19k€78k▲
Trade debts44-€56k
Income statement
Code20192020
Turnover70€328k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€15▼
Gross operating margin9900€58k€54k▼
Operating profit (loss)9901€55k€54k▼
Recurring financial charges65-€66
Profit (loss) for the period before taxes9903€55k€54k▼
Income taxes67/77€14k€11k▼
Profit (loss) for the period9904€41k€43k▲
Profit (loss) for the period to be appropriated9905€41k€43k▲
Timeline · acts, filings and financial milestones
2023
26-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · PASSY BV VISVERKOPERSSTRAAT 13, 1000 BRUSSEL 1 · event 18-04-2023
2022
17-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · PASSY BV VISVERKOPERS- STRAAT 13, 1000 BRUSSEL 1 · event 08-11-2022
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 223 days late
2020
31-12
Financial
Highest result since 2018net €43k ▲4.6%
Net result €43k, the highest in the series.
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
06-02
Bankruptcy
Bankruptcy reversal
Rechtbank van koophandel Brussel · PASSY BVBA DOKTER LEMOINELAAN 11/4, 1070 ANDERLECHT · event 19-10-2018
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 126 days late
2018
29-10
Bankruptcy
Bankruptcy reversal
rechtbank van koophandel Brussel · PASSY BVBA, Dokter Lemoinelaan 11, bus 4, 1070 Anderlecht · event 19-10-2018
06-09
Bankruptcy
Opening
Rechtbank van koophandel Brussel · PASSY BVBA DOKTER LEMOI- NELAAN 11, 1070 ANDERLECHT · event 21-08-2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | LIEVE TEINTENIER SYLVAIN DUPUISLAAN 217,
1070 BRUSSEL 7 |
08-11-2022 → present |
| Curator | Thierry VAN DOOSSELAERE KLOOSTERDREEF 7,
1000 BRUSSEL 1 |
21-08-2018 → present |