Losses
-€32,757 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Pastis Investment
Lifetime
15 annual accounts with figures on one time axispeak €321,079 (2021)
€47,255▲ 105%
lowest -€21,001 (2025)
-€21,001▼ €17,778
peak €403,192 (2022)
€370,435▼ 5.4%
€874,817▼ 24.3%
Board2 names since 2010
1 directorMADEBLAS
Owners3 names in the annual accounts
33.33%ACCOFIS CONSULT and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €23,051 to €47,255Loss of €21,001Registered office moved from Asse to Merchtem 19-09Debts from €1.2m to €874,817Cash from €71,571 to €107,055
Key points
from the 2025 annual accountsChecked score
85
Excellent
Financially stronger than 35% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.9%▲ +0.2 percentage points vs 08-2025
10-2025: 4.5%▲ +3.6 percentage points vs 09-2025highest value
11-2025: 2.5%▼ -2.0 percentage points vs 10-2025
12-2025: 2.6%▲ +0.1 percentage points vs 11-2025
01-2026: 2.8%▲ +0.2 percentage points vs 12-2025
02-2026: 2.7%▼ -0.1 percentage points vs 01-2026
03-2026: 2.7%● unchanged vs 02-2026
04-2026: 2.4%▼ -0.3 percentage points vs 03-2026
05-2026: 2.5%▲ +0.1 percentage points vs 04-2026
06-2026: 2.7%▲ +0.2 percentage points vs 05-2026
07-2026: 2.8%▲ +0.1 percentage points vs 06-2026
08-2026: 1.4%▼ -1.4 percentage points vs 07-2026
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 0.2%▼ -1.2 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
1 of the last 3 accounts late
lowers risk
Size: total assets €1.3m
Figures for financial year 2025 (filed on 05-08-2026)
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 (no NACE code, micro). It does better than 32% of them on solvency, 57% on liquidity, 19% on profitability and 30% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as Pastis Investment has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Pastis Investment itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,423 companies, not a prediction for Pastis Investment. 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.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.15 (3.5 in 2024), above the usual 1.5. Short-term debt is 2.8% and cash 8.1% of total assets. However, 71.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€21,001
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
61 days late
2023
2 days early
2022
31 days late
2021
142 days late
2020
32 days late
2019
87 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 50 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ACCOFIS CONSULT 33.33%score 96equity €2.5m (2025) · 30-09-2025 annual accounts of ACCOFIS CONSULT
- madeblas 33.33%score 94equity €1.4m (2025) · 2025 annual accounts of madeblas
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0828731871
Registered office moved from Asse to Merchtem
New registered office: Mieregemstraat 30-32 Bus 12, 1785 Merchtem · Previous registered office: Nerviersstraat 32, 1730 Asse · General meeting of 02-06-2025 · Gazette deed
Registered office moved from Merchtem to Asse
New registered office: Nerviërsstraat 32, 1730 Asse · Previous registered office: Mieregemstraat 60 bus A, 1785 Merchtem · Gazette deed
1 director resigning
Change of role: MADEBLAS, from director to sole director · Resignation: FONTENELLE · Permanent representative: Asselman Luc · General meeting of 21-09-2022 · Gazette deed
Official details
Source: KBO- Status
- Active since 25-08-2010Normal situation
- Activity
- “1. Het verlenen van alle managementbijstand,het waarnemen van mandaten als bestuurder of vereffenaar en…” (deed in Dutch)From the articles, 2 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.276.632.3621785 Merchtem, since 25-08-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Annual accounts 2025
- €1.3m▼ 18.8%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on Pastis Investment
Pastis Investment files the abbreviated format. That format states no turnover. The gross margin fell from €50,799 in 2011 to €47,255 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Pastis Investment
- What is the company number of Pastis Investment?
- The company number of Pastis Investment is 0828.731.871. The VAT number is the same number with BE in front: BE 0828.731.871.
- Where is Pastis Investment based?
- The registered office is at Mieregemstraat 30-32, 1785 Merchtem.Company details
- What is the legal form of Pastis Investment?
- Pastis Investment is a public limited company (NV).
- When was Pastis Investment founded?
- Pastis Investment was founded on 25-08-2010.
- Is Pastis Investment still active?
- Yes, Pastis Investment is an active enterprise in the KBO register.
- What is the turnover of Pastis Investment?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €47,255 and 1,226 comparable companies of the same size. It probably lies between €90,000 and €320,000. It is a rough estimate.Financials
- Is Pastis Investment profitable?
- In financial year 2025, Pastis Investment made a loss of €21,001.
- Where can I find the annual accounts of Pastis Investment?
- Pastis Investment filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Pastis Investment due?
- Pastis Investment must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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