PASTATH
ActiveSummary
The computed 12-month bankruptcy probability of PASTATH is 2.7% (moderate). The 2024 annual accounts show equity of €52,913 and a net result of -€13,153. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 2937 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability15▼-30
Solvency56▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.15 in 2023; short-term debt: 69.4% and cash: 23.8% of total assets), and 69.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
30.6%
Return on assets
-7.6%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€13,153
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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
not confirmed
2024
69 d late
2023
31 d late
2022
61 d early
2021
96 d early
2020
23 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€52,913▼ 19.9%
2023 · €66,066
Total assets
€172,777▲ 26.1%
2023 · €136,970
Net result
-€13,153▼ 35.6%
2023 · -€9,701
Working capital
€9,742▼ 8.8%
2023 · €10,680
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€45,818▲ 298%€42,259▼ 7.8%-€2,746-€8,881▼ 223%-€10,361▼ 16.7%
Net result€40,525▲ 437%€35,953▼ 11.3%-€6,571-€9,701▼ 47.6%-€13,153▼ 35.6%
Equity€46,385▲ 692%€82,338▲ 77.5%€75,767▼ 8.0%€66,066▼ 12.8%€52,913▼ 19.9%
Total assets€91,348▲ 12.8%€109,724▲ 20.1%€88,248▼ 19.6%€136,970▲ 55.2%€172,777▲ 26.1%
Debt€44,963▼ 40.1%€27,386▼ 39.1%€12,481▼ 54.4%€70,904▲ 468%€119,864▲ 69.1%
Working capital-€7,457▲ 83.9%€9,229€10,744▲ 16.4%€10,680▼ 0.6%€9,742▼ 8.8%
Staff (FTE)2.5▼ 10.7%2.7▲ 8.0%2.9▲ 7.4%6.8▲ 134%8.4▲ 23.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,361 in 2024 against €8,881 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 €172,777
Fixed assets
€43,171 ▼ 22.1%
Current assets
€129,606 ▲ 58.9%
Equity and liabilities €172,777
Equity
€52,913 ▼ 19.9%
Debt
€119,864 ▲ 69.1%
Debt's share of the balance-sheet total rises from 51.8% to 69.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,854▼
2023 · €3,636
Cash flow
-€938▼
2023 · €2,816
Current ratio
1.08▼
2023 · 1.15
Quick ratio
0.99▼
2023 · 1.00
Debt to equity
2.27▲
2023 · 1.07
ROE
-24.9%▼
2023 · -14.7%
ROA
-7.6%▼
2023 · -7.1%
Interest coverage
0.66▼
2023 · 4.24
Debt ≤ 1 year
€119,864▲
2023 · €70,904
Staff costs
€225,333▲
2023 · €202,344
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,916 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €33,843 | €58,834 | €202,344 | €225,333 | ▲ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,625 | €14,462 | €12,469 | €12,517 | €12,215 | ▼ 2.4% |
| Other operating charges640/8 | - | €4,579 | €5,849 | €1,117 | €1,641 | ▲ 46.9% |
| Gross operating margin9900 | €91,542 | €95,143 | €74,406 | €207,097 | €228,828 | ▲ 10.5% |
| Operating profit (loss)9901 | €45,818 | €42,259 | -€2,746 | -€8,881 | -€10,361 | ▼ 16.7% |
| Financial income75/76B | - | €34 | €512 | €37 | - | - |
| Recurring financial income75 | €1 | €34 | €27 | €37 | - | - |
| Non-recurring financial income76B | - | - | €485 | - | - | - |
| Financial charges65/66B | - | €4,214 | €4,336 | €857 | €2,792 | ▲ 226% |
| Recurring financial charges65 | €4,669 | €4,214 | €4,336 | €857 | €2,792 | ▲ 226% |
| Profit (loss) for the period before taxes9903 | €41,150 | €38,080 | -€6,571 | -€9,701 | -€13,153 | ▼ 35.6% |
| Income taxes67/77 | €625 | €2,127 | - | - | - | - |
| Profit (loss) for the period9904 | €40,525 | €35,953 | -€6,571 | -€9,701 | -€13,153 | ▼ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €40,525 | €35,953 | -€6,571 | -€9,701 | -€13,153 | ▼ 35.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,348 | €109,724 | €88,248 | €136,970 | €172,777 | ▲ 26.1% |
| Fixed assets21/28 | €77,153 | €86,838 | €65,024 | €55,386 | €43,171 | ▼ 22.1% |
| Intangible fixed assets21 | €414 | - | - | - | - | - |
| Tangible fixed assets22/27 | €73,379 | €83,478 | €61,664 | €52,026 | €39,811 | ▼ 23.5% |
| Land and buildings22 | - | €63,498 | €55,082 | €45,587 | €36,092 | ▼ 20.8% |
| Plant, machinery and equipment23 | - | €890 | €3,351 | €4,804 | €3,319 | ▼ 30.9% |
| Furniture and vehicles24 | - | €19,090 | €3,231 | €1,635 | €400 | ▼ 75.5% |
| Financial fixed assets28 | €3,360 | €3,360 | €3,360 | €3,360 | €3,360 | = |
| Current assets29/58 | €14,195 | €22,886 | €23,225 | €81,584 | €129,606 | ▲ 58.9% |
| Stocks and contracts in progress3 | €4,756 | €9,028 | €7,874 | €10,375 | €10,374 | = |
| Stocks30/36 | - | €9,028 | €7,874 | €10,375 | €10,374 | = |
| Amounts receivable within one year40/41 | €3,938 | €4,504 | €1,873 | €26,702 | €78,173 | ▲ 193% |
| Trade receivables40 | - | - | - | €21,277 | €65,273 | ▲ 207% |
| Other amounts receivable41 | - | €4,504 | €1,873 | €5,425 | €12,900 | ▲ 138% |
| Cash at bank and in hand54/58 | €4,322 | €8,836 | €12,951 | €44,507 | €41,059 | ▼ 7.7% |
| Deferred charges and accrued income490/1 | - | €519 | €527 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,348 | €109,724 | €88,248 | €136,970 | €172,777 | ▲ 26.1% |
| Equity10/15 | €46,385 | €82,338 | €75,767 | €66,066 | €52,913 | ▼ 19.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | €47,466 | €34,313 | ▼ 27.7% |
| Distributable reserves133 | - | - | - | €47,466 | €34,313 | ▼ 27.7% |
| Profit (loss) carried forward14 | €27,785 | €63,738 | €57,167 | - | - | - |
| Amounts payable17/49 | €44,963 | €27,386 | €12,481 | €70,904 | €119,864 | ▲ 69.1% |
| Amounts payable after more than one year17 | €23,311 | €13,730 | - | - | - | - |
| Financial debts170/4 | - | €13,730 | - | - | - | - |
| Amounts payable within one year42/48 | €21,652 | €13,657 | €12,481 | €70,904 | €119,864 | ▲ 69.1% |
| Current portion of amounts payable after more than one year42 | - | €9,581 | - | - | - | - |
| Trade debts44 | €10,444 | €905 | €1,547 | €46,547 | €98,093 | ▲ 111% |
| Suppliers440/4 | - | €905 | €1,547 | €46,547 | €98,093 | ▲ 111% |
| Taxes, remuneration and social security45 | - | €2,908 | €10,934 | €24,357 | €21,771 | ▼ 10.6% |
| Taxes450/3 | - | €625 | €3,011 | - | - | - |
| Remuneration and social security454/9 | - | €2,284 | €7,922 | €24,357 | €21,771 | ▼ 10.6% |
| Other amounts payable47/48 | - | €263 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,525 | €35,953 | -€6,571 | -€9,701 | -€13,153 | ▼ 35.6% |
| + Depreciation and write-downs630 | €13,625 | €14,462 | €12,469 | €12,517 | €12,215 | ▼ 2.4% |
| Operating cash flow (approximation) | €54,150 | €50,415 | €5,898 | €2,816 | -€938 | ▼ 133% |
| Investment in fixed assets (approximation) | - | -€24,147 | €9,346 | -€2,879 | €0 | ▲ 100% |
| Change in cash | - | €4,514 | €4,115 | €31,556 | -€3,448 | ▼ 111% |
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
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
2024
31-12
Financial
Weakest financial yearnet -€13,153
Net result drops to -€13,153, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 1.68
Current ratio from 0.66 to 1.68; short-term debt falls from €21,652 to €13,657.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €40,525 ▲437%
Operating result €45,818, net result €40,525, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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
Registered office, Ronse · 2 establishment units since 2010
Ground area
568 m²
Building footprint
307 m²
Volume, LiDAR
2,016 m³
2 parcels, Flanders, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
La Casa Della Pasta
since 20102.192.452.990
PASTATH
since 20232.345.200.078
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45423E0540/00E000 | Flanders | 457 m² | 1 · 214 m² | 10.9 m · 2 fl. |
| 51017C0831/00H000 | Wallonia | 112 m² | 1 · 93 m² | 10.9 m · 3 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.
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts C FOOD 202550%
- Sourceaccounts K FOOD 202550%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesEllezelles2.345.200.078
Ronse/Renaix2.192.452.990
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 8,375 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821412331
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.