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PASTELL

Active
Private limited companyfounded 20242 yrs activeBaron de Pélichystraat 8, 8870 Izegem, BelgiumKBO/BCE: BE 1011.108.796
Summary

The computed 12-month bankruptcy probability of PASTELL is 2.2% (moderate). The 2024 annual accounts show equity of €68,569 and a net result of €64,769. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency66
Growth-
Track record67
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.46; short-term debt: 40.7% and cash: 55.3% of total assets), but 58.7% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
65 d early
2024
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 48 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

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 months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 July 2024, PASTELL was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, abbreviated schema

Equity
€68,569
Total assets
€166,161
Net result
€64,769
Working capital
€98,569

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Equity and liabilities €166,161
Equity €68,569
Debt €97,592
Debt finances 58.7% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
2.46
Quick ratio
1.86
Debt to equity
1.42
ROE
94.5%
ROA
39.0%
Debt ≤ 1 year
€67,592
Debt > 1 year
€30,000
Income taxes
€22,372

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 39,278 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
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€166,161
Current assets29/58€166,161
Stocks and contracts in progress3€40,191
Stocks30/36€40,191
Amounts receivable within one year40/41€34,068
Trade receivables40€1,661
Other amounts receivable41€32,407
Cash at bank and in hand54/58€91,902
Equity and liabilities
Total equity and liabilities10/49€166,161
Equity10/15€68,569
Contributions10/11€3,800
Reserves13€64,769
Distributable reserves133€64,769
Amounts payable17/49€97,592
Amounts payable after more than one year17€30,000
Financial debts170/4€30,000
Amounts payable within one year42/48€67,592
Trade debts44€8,989
Suppliers440/4€8,989
Taxes, remuneration and social security45€58,603
Taxes450/3€58,603
Income statement Code2024
Other operating charges640/8€188
Gross operating margin9900€87,416
Operating profit (loss)9901€87,228
Financial income75/76B€1,024
Recurring financial income75€1,024
Financial charges65/66B€1,111
Recurring financial charges65€1,111
Profit (loss) for the period before taxes9903€87,141
Income taxes67/77€22,372
Profit (loss) for the period9904€64,769
Profit (loss) for the period to be appropriated9905€64,769
Appropriation of the result
Profit (loss) to be appropriated9906€64,769
Transfer to equity691/2€64,769
To other reserves6921€64,769

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Other operating charges640/8€188
Gross operating margin9900€87,416
Operating profit (loss)9901€87,228
Financial income75/76B€1,024
Recurring financial income75€1,024
Financial charges65/66B€1,111
Recurring financial charges65€1,111
Profit (loss) for the period before taxes9903€87,141
Income taxes67/77€22,372
Profit (loss) for the period9904€64,769
Profit (loss) for the period to be appropriated9905€64,769
Line2024
Assets
Total assets20/58€166,161
Current assets29/58€166,161
Stocks and contracts in progress3€40,191
Stocks30/36€40,191
Amounts receivable within one year40/41€34,068
Trade receivables40€1,661
Other amounts receivable41€32,407
Cash at bank and in hand54/58€91,902
Equity and liabilities
Total equity and liabilities10/49€166,161
Equity10/15€68,569
Contributions10/11€3,800
Reserves13€64,769
Distributable reserves133€64,769
Amounts payable17/49€97,592
Amounts payable after more than one year17€30,000
Financial debts170/4€30,000
Amounts payable within one year42/48€67,592
Trade debts44€8,989
Suppliers440/4€8,989
Taxes, remuneration and social security45€58,603
Taxes450/3€58,603
Line2024
Profit (loss) for the period9904€64,769
Operating cash flow (approximation)€64,769

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Izegem · 1 establishment unit since 2024
seat establishment approximate The establishment unit on the map
Ground area
477 m²
Building footprint
307 m²
Volume, LiDAR
1,667 m³
2 parcels, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pastell Fashion
Ooststraat 101-103, 8800 RoeselareRetail sale of women's outerwear
since 20242.361.206.167
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36008A0646/00R002
ProtectedMonumentHerenhuisSource ↗
Flanders 373 m² 1 · 188 m² 14.5 m · 3 fl.
36502B0070/00H000indicative Flanders 104 m² 1 · 119 m² -
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Similar companies · same sector, comparable size

Of 2,215 companies in sector 47711 we hold annual accounts for 888. 705 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
Founded03-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
46190Agents in non-specialised wholesale trade
47712Retail trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:1011108796
Also 9925:BE1011108796
Registered 02-06-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.