Financials
- Fiscal year
- 2024
- Total assets
- €623,453
- Profit
- €44,680
- Solvency
- 46.3%
Total assets▼ 8.8%
Net result
20192024
PASYFLEC
ActiveSummary
The computed 12-month bankruptcy probability of PASYFLEC is 1.6% (moderate). The 2024 annual accounts show equity of €288,595 and a net result of €44,680. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 2547 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Vocational training
NACE 85592NACE 80421
#6 oldest company in Schoten, Education sector1 site
How big
€623,453total assets 2024
- Equity
- €288,595
- Profit
- €44,680
Turnover not published (abridged schema)
Who decides
Accounts 63 d overdue0 of 3 deeds read
Why 55- Liquidity: current ratio 0.02, cash €1,855- Figures for FY 2024 (filed 12-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 104 days late; 3 of the last 3 late+ Sector Education (NACE 85)Show the evidence
Checked score
Score 2024
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 36% of its sector peers (NACE 85, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
71-1
equity 46.3% of total assets
Liquidity
24-1
short-term debt 52.5% · cash 0.3%
Profitability
78+7
return on assets 7.2%
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.5%
12-2024: 3.1%▲ +20.9% vs 11-2024highest value
01-2025: 1.1%▼ -64.9% vs 12-2024
02-2025: 1.1%▲ +1.2% vs 01-2025
03-2025: 1.1%▲ +3.7% vs 02-2025
04-2025: 1.1%▼ -2.3% vs 03-2025
05-2025: 1.1%▲ +0.7% vs 04-2025
06-2025: 1.1%▼ -4.8% vs 05-2025
07-2025: 1.1%▲ +2.6% vs 06-2025
08-2025: 1.5%▲ +42.2% vs 07-2025
09-2025: 1.7%▲ +9.1% vs 08-2025
10-2025: 2.1%▲ +23.7% vs 09-2025
11-2025: 2.2%▲ +4.4% vs 10-2025
12-2025: 0.8%▼ -63.6% vs 11-2025
01-2026: 0.8%● 0.0% vs 12-2025
02-2026: 0.8%● 0.0% vs 01-2026
03-2026: 0.8%▲ +3.8% vs 02-2026
04-2026: 0.8%▼ -2.3% vs 03-2026
05-2026: 0.8%▲ +0.7% vs 04-2026
06-2026: 0.8%▼ -6.7% vs 05-2026
07-2026: 0.7%▼ -3.3% vs 06-2026lowest value
08-2026: 1.2%▲ +64.2% vs 07-2026
09-2026: 1.3%▲ +9.1% vs 08-2026
10-2026: 1.6%▲ +24.8% vs 09-2026
- Liquidity: current ratio 0.02, cash €1,855 raises the probability
- Figures for FY 2024 (filed 12-11-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 104 days late; 3 of the last 3 late raises the probability
- Sector Education (NACE 85) lowers the probability
Credit up to €15,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.02 against 0.01 in 2023; short-term debt: 52.5% and cash: 0.3% of total assets), and 53.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 85, micro). Better than this share of them on solvency 50%, liquidity 11%, profitability 55%, growth against the median 29%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-11-2025, 104 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
104 d late
2023
122 d late
2022
122 d late
2021
179 d late
2020
122 d late
2019
122 d late
← 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 129 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2019net €44,680 ▲320%
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2016
- 12-11-2025Annual accounts filed
- 31-12-2024Highest result since 2019
- 30-11-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Vocational trainingNACE 85592
- Founded
- 18-03-2004
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.