PASTE
ActiveSummary
PASTE has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€548) and a net result of €7,368. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 9% of 39,293 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-02-2005 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.145.269.420 3600 Genk, since 16-02-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 12-09-2024
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €8,177
- Turnover
- ≈ €38,000
- estimated
- Profit
- €7,368
- Equity
- -€548
- ▲ 93.1%
- Total assets
- €16,450
- ▲ 26.0%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€548lowers riskSize: total assets €16,450Sector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 0.97, cash €5,030Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 8% of them on solvency, 18% on liquidity, 84% on profitability and 88% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 50 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-06-2026 PDF all 21 filings
Every figure per financial year
The operating result for 2025 is a profit of €7,544, after a loss of €5,395 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €416 | €823 | €832 | €415 | €9 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €62 | €535 | €611 | €620 | €633 | ▲ 2.0% |
| Gross operating margin9900 | €12,476 | €18,724 | €5,160 | -€9,060 | €6,288 | -€5,861 | -€4,774 | €8,177 | - |
| Operating profit (loss)9901 | €12,396 | €18,246 | €4,258 | -€9,954 | €5,338 | -€6,481 | -€5,395 | €7,544 | - |
| Financial income75/76B | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Recurring financial income75 | €846 | €9 | - | - | €0 | €0 | €0 | €0 | - |
| Financial charges65/66B | - | - | - | €615 | €185 | €216 | €177 | €176 | ▼ 0.6% |
| Recurring financial charges65 | €170 | €73 | €71 | €615 | €185 | €216 | €177 | €176 | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | €13,072 | €18,181 | €4,187 | -€10,569 | €5,153 | -€6,697 | -€5,572 | €7,368 | - |
| Income taxes67/77 | €4,107 | €5,905 | €1,195 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €8,965 | €12,276 | €2,991 | -€10,569 | €5,153 | -€6,697 | -€5,572 | €7,368 | - |
| Profit (loss) for the period to be appropriated9905 | €8,965 | €12,276 | €2,991 | -€10,569 | €5,153 | -€6,697 | -€5,572 | €7,368 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €34,010 | €40,538 | €33,546 | €25,250 | €20,119 | €20,823 | €13,053 | €16,450 | ▲ 26.0% |
| Fixed assets21/28 | - | €833 | €1,256 | €425 | €9 | €0 | - | - | - |
| Tangible fixed assets22/27 | - | €833 | €1,256 | €425 | €9 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €425 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €9 | €0 | - | - | - |
| Current assets29/58 | €34,010 | €39,705 | €32,290 | €24,825 | €20,110 | €20,823 | €13,053 | €16,450 | ▲ 26.0% |
| Amounts receivable within one year40/41 | €10,761 | €22,110 | €11,170 | €19,303 | €3,402 | €8,000 | €6,292 | €11,420 | ▲ 81.5% |
| Trade receivables40 | - | - | - | €19,303 | €3,402 | €8,000 | €6,292 | €11,420 | ▲ 81.5% |
| Cash at bank and in hand54/58 | €23,249 | €17,596 | €21,120 | €5,522 | €15,875 | €12,823 | €6,761 | €5,030 | ▼ 25.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €833 | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €34,010 | €40,538 | €33,546 | €25,250 | €20,119 | €20,823 | €13,053 | €16,450 | ▲ 26.0% |
| Equity10/15 | €9,402 | €9,678 | €9,769 | -€800 | €4,353 | -€2,344 | -€7,916 | -€548 | ▲ 93.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Profit (loss) carried forward14 | €1,342 | €1,618 | €1,709 | -€8,860 | -€3,707 | -€8,544 | -€14,116 | -€6,748 | ▲ 52.2% |
| Amounts payable17/49 | €24,609 | €30,860 | €23,777 | €26,049 | €15,766 | €23,167 | €20,969 | €16,998 | ▼ 18.9% |
| Amounts payable within one year42/48 | €24,609 | €30,860 | €23,777 | €26,049 | €15,766 | €23,167 | €20,969 | €16,998 | ▼ 18.9% |
| Trade debts44 | €6,309 | €8,361 | €10,761 | €12,534 | €10,048 | €10,079 | €11,141 | €5,501 | ▼ 50.6% |
| Suppliers440/4 | - | - | - | €12,534 | €10,048 | €10,079 | €11,141 | €5,501 | ▼ 50.6% |
| Taxes, remuneration and social security45 | - | - | - | €5,516 | €2,618 | €3,458 | €1,828 | €3,312 | ▲ 81.2% |
| Taxes450/3 | - | - | - | €5,516 | €2,618 | €3,458 | €1,828 | €3,312 | ▲ 81.2% |
| Other amounts payable47/48 | - | - | - | €8,000 | €3,100 | €9,630 | €8,000 | €8,185 | ▲ 2.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,965 | €12,276 | €2,991 | -€10,569 | €5,153 | -€6,697 | -€5,572 | €7,368 | - |
| + Depreciation and write-downs630 | - | €416 | €823 | €832 | €415 | €9 | €0 | - | - |
| Operating cash flow (approximation) | €8,965 | €12,692 | €3,814 | -€9,737 | €5,568 | -€6,688 | -€5,572 | €7,368 | - |
| Investment in fixed assets (approximation) | - | - | -€1,246 | €0 | €0 | €0 | - | - | - |
| Change in cash | - | -€5,654 | €3,524 | -€15,597 | €10,353 | -€3,052 | -€6,062 | -€1,731 | ▲ 71.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,794 companies had the same profile as PASTE has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PASTE itself is lower: 0.1% within 12 months. It rests on far more data about PASTE than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,794 companies, not a prediction for PASTE. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-06-2026 | 2026-00145692 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00168008 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00170647 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00270043 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20076694 | |
| 31-12-2020 | micro format | 08-06-2021 | 2021-18100250 | |
| 31-12-2019 | abbreviated format | 25-03-2020 | 2020-07500099 | |
| 31-12-2018 | abbreviated format | 13-06-2019 | 2019-18100092 | |
| 31-12-2017 | abbreviated format | 19-06-2018 | 2018-19900091 | |
| 31-12-2016 | abbreviated format | 29-05-2017 | 2017-13600054 |
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Shareholders
2 ownersOwners 2
-
50%
- Equity €876,528 Profit of €33,705 in 2025 (profit of €104,244 in 2024) Checked score 9350%
Capital transactions
- 13-09-2023 Capital stated in the deed · 186 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PGR |
|
| SWIMMY |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”
Articles of association, deed of 13-09-2023 (in Dutch)
Network & group
Companies at the same address
8 other companies- Aankoopexpertise Registered office · since 2024 1016714804
- Haspeslagh Garden Center Provider Registered office · since 2020 0745566249
- DINO'S Registered office · since 2019 0734920005
- Panis, Linda (sole trader) Establishment · since 2009 0638713425
- Vereniging van Mede-eigenaars van het gebouw EMILIA te Genk, Landwaartslaan 23-25 Registered office · since 2008 0890435551
- DOCUMENT MAPPING CONSULTING Registered office · since 2002 0476198437
- DEMODERA ESTATE Registered office · since 1992 0448220964
- BO - FI Registered office · since 1979 0419523119
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
13-09
Gazette deed
2 directors appointed, 2 directors resigningChanges of role: SWIMMY (director) and PGR (director) · Permanent representatives: SWIMBERGHE Stefaan Maurits Yvonne and GRIFFITHS Paul James · Amendment of the articles14 points ▸
- General meeting, 07-09-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “artikel 39,§2,derde lid van de wet van 2019-03-23, niet-opgevraagde onbeschikbare inbreng buiten kapitaal” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, opheffing statutair onbeschikbare eigen vermogensrekeningen” (deed in Dutch)
- Other provision, “interimdividend, mogelijkheid tot uitkeren van interimdividenden voorzien” (deed in Dutch)
- Other provision, “voorwerp niet gewijzigd, Wet van 2018-04-15” (deed in Dutch)
- Capital
- Director resignation, SWIMMY (manager (not named in the articles))
- Director appointment, SWIMMY (director (not named in the articles))
- Permanent representative, SWIMBERGHE Stefaan Maurits Yvonne
- Director resignation, PGR (manager (not named in the articles))
- Director appointment, PGR (director (not named in the articles))
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
6 activities
- PASTE BV is een studiebureau gespecialiseerd in onafhankelijke analyse van kostenreductie,analyse van primaire en secundaire bedrijfsprocessen,kostenplaatsen,directe en indirecte kosten en aanverwante domeinen.
- Het optreden als tussenpersoon,zowel in België als in het buitenland bij de aankoop en verkoop van roerende goederen,aankoop en verkoop van diensten en nutsvoorzieningen.
- Advies bij het tot stand brengen van handelsrelaties;zowel nationaal als internationaal.
- Het onder bezwarende titel verlenen van rechten op al de handelsfondsen dewelke de vennootschap in eigendom heeft.
- Zij kan zowel in België als in het buitenland alle industriële of commerciële,roerende en onroerende verrichtingen afsluiten die rechtstreeks of onrechtstreeks geheel of gedeeltelijk verband houden met een of andere tak van haar voorwerp of van aard zijn de zaken van de vennootschap uit te breiden of te bevorderen.
- Zij mag deelnemen bij wijze van inbreng,versmelting,inschrijving of andere tussenkomst aan alle bestaande of te stichten vennootschappen,zowel in België als in het buitenland,en waarvan het voorwerp gelijkaardig of aanverwant is aan het hare.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71306G0221/00T154 | Flanders | 2,285 m² | 1 · 211 m² | 12.3 m · 3 |