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RePassNet

Active
Private limited companyfounded 20242 yrs activeRue de la Victoire(K) 24, 7540 Tournai, BelgiumKBO/BCE: BE 1006.461.508
Summary

The computed 12-month bankruptcy probability of RePassNet is 3.3% (moderate). The 2025 annual accounts show equity of €22,634 and a net result of €11,331. Its solvency ranks better than 56% of 4579 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability98▲+3
Solvency71▲+20
Growth78
Track record82
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 5.7 against 4.34 in 2024; short-term debt: 16.8% and cash: 6.2% of total assets), but 53.8% 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 · 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
46.2%
Return on assets
23.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 08-07-2026, 23 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
23 d early
2024
18 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 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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
28-09-2026 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

RePassNet was incorporated on 27 February 2024 as a Private limited company.1 The registered office was moved to Kain in 2026.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 12-08-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€22,634▲ 100%
2024 · €11,302
Total assets
€49,027▲ 14.8%
2024 · €42,702
Net result
€11,331▲ 28.7%
2024 · €8,802
Working capital
€38,720▲ 66.0%
2024 · €23,325
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€11,813-€15,211▲ 28.8%
Net result€8,802within the sector's middle half-€11,331within the sector's middle half▲ 28.7%
Equity€11,302below the sector's middle half-€22,634within the sector's middle half▲ 100%
Total assets€42,702below the sector's middle half-€49,027below the sector's middle half▲ 14.8%
Debt€31,400-€26,393▼ 15.9%
Working capital€23,325within the sector's middle half-€38,720within the sector's middle half▲ 66.0%
Solvency26.5%within the sector's middle half-46.2%within the sector's middle half▲ 19.7pp
Current ratio4.34above the sector's middle half-5.70above the sector's middle half▲ 1.36
Return on assets (ROA)20.6%above the sector's middle half-23.1%above the sector's middle half▲ 2.5pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000Operating result 2024: €11,813€11,813Net result 2024: €8,802€8,802Operating result 2025: €15,211€15,211Net result 2025: €11,331€11,33120242025€0€5,000€10,000€15,000Operating result 2024: €11,813€11,800Net result 2024: €8,802€8,800Operating result 2025: €15,211€15,200Net result 2025: €11,331€11,30020242025
The operating result rises in 2025; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49,027
Fixed assets €2,070 ▼ 83.3%
Current assets €46,957 ▲ 55.0%
Equity and liabilities €49,027
Equity €22,634 ▲ 100%
Debt €26,393 ▼ 15.9%
Debt's share of the balance-sheet total falls from 73.5% to 53.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€25,541▲
2024 · €22,144
Cash flow
€21,662▲
2024 · €19,133
Debt to equity
1.17▼
2024 · 2.78
ROE
50.1%▼
2024 · 77.9%
Interest coverage
27.23▼
2024 · 27.52
Debt ≤ 1 year
€8,237▲
2024 · €6,976
Debt > 1 year
€18,156▼
2024 · €24,423
Income taxes
€2,941▲
2024 · €2,206
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% 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
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 39,276 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 · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€42,702€49,027▲
Fixed assets21/28€12,401€2,070▼
Tangible fixed assets22/27€10,331-
Plant, machinery and equipment23€10,331-
Financial fixed assets28€2,070€2,070=
Current assets29/58€30,301€46,957▲
Amounts receivable within one year40/41€28,175€43,899▲
Trade receivables40€13,740€7,495▼
Other amounts receivable41€14,435€36,404▲
Cash at bank and in hand54/58€2,127€3,058▲
Equity and liabilities
Total equity and liabilities10/49€42,702€49,027▲
Equity10/15€11,302€22,634▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€8,802€20,134▲
Amounts payable17/49€31,400€26,393▼
Amounts payable after more than one year17€24,423€18,156▼
Financial debts170/4€24,423€18,156▼
Amounts payable within one year42/48€6,976€8,237▲
Trade debts44€4,770€3,089▼
Suppliers440/4€4,770€3,089▼
Taxes, remuneration and social security45€2,206€5,148▲
Taxes450/3€2,206€5,148▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,331€10,331=
Other operating charges640/8-€66
Gross operating margin9900€22,144€25,607▲
Operating profit (loss)9901€11,813€15,211▲
Financial charges65/66B€805€938▲
Recurring financial charges65€805€938▲
Profit (loss) for the period before taxes9903€11,009€14,273▲
Income taxes67/77€2,206€2,941▲
Profit (loss) for the period9904€8,802€11,331▲
Profit (loss) for the period to be appropriated9905€8,802€11,331▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,802€20,134▲
Profit (loss) brought forward from the previous period14P-€8,802

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,331€10,331=
Other operating charges640/8-€66-
Gross operating margin9900€22,144€25,607▲ 15.6%
Operating profit (loss)9901€11,813€15,211▲ 28.8%
Financial charges65/66B€805€938▲ 16.6%
Recurring financial charges65€805€938▲ 16.6%
Profit (loss) for the period before taxes9903€11,009€14,273▲ 29.7%
Income taxes67/77€2,206€2,941▲ 33.3%
Profit (loss) for the period9904€8,802€11,331▲ 28.7%
Profit (loss) for the period to be appropriated9905€8,802€11,331▲ 28.7%
Line20242025Change
Assets
Total assets20/58€42,702€49,027▲ 14.8%
Fixed assets21/28€12,401€2,070▼ 83.3%
Tangible fixed assets22/27€10,331--
Plant, machinery and equipment23€10,331--
Financial fixed assets28€2,070€2,070=
Current assets29/58€30,301€46,957▲ 55.0%
Amounts receivable within one year40/41€28,175€43,899▲ 55.8%
Trade receivables40€13,740€7,495▼ 45.5%
Other amounts receivable41€14,435€36,404▲ 152%
Cash at bank and in hand54/58€2,127€3,058▲ 43.8%
Equity and liabilities
Total equity and liabilities10/49€42,702€49,027▲ 14.8%
Equity10/15€11,302€22,634▲ 100%
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€8,802€20,134▲ 129%
Amounts payable17/49€31,400€26,393▼ 15.9%
Amounts payable after more than one year17€24,423€18,156▼ 25.7%
Financial debts170/4€24,423€18,156▼ 25.7%
Amounts payable within one year42/48€6,976€8,237▲ 18.1%
Trade debts44€4,770€3,089▼ 35.2%
Suppliers440/4€4,770€3,089▼ 35.2%
Taxes, remuneration and social security45€2,206€5,148▲ 133%
Taxes450/3€2,206€5,148▲ 133%
Line20242025Change
Profit (loss) for the period9904€8,802€11,331▲ 28.7%
+ Depreciation and write-downs630€10,331€10,331=
Operating cash flow (approximation)€19,133€21,662▲ 13.2%
Investment in fixed assets (approximation)-€0-
Change in cash-€932-

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
12-08
State Gazette act Registered office
Registered-office move2 facts ▸
  • General meeting, 07-07-2026
  • Registered-office move, Rue de la Victoire 24,7540 Kain
08-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
13-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
State Gazette actNBB filing
1 of 3 acts read
About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 2 establishment units since 2024
seat establishment 1 of 2 establishment units on the map
Ground area
712 m²
Building footprint
149 m²
Volume, LiDAR
846 m³
Parcel 57042B0280/00W002, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
RePassNet
Rue de la Victoire(K) 24, 7540 TournaiWholesale trade
since 20242.356.455.741
SWEET TEMPTATIONS BY EMILIA
Rue du Bourdon St. Jacques(TOU) 22, 7500 TournaiArtisanal bread and fresh pastry making
since 20242.365.824.060
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57042B0280/00W002 Wallonia 712 m² 1 · 149 m² 8.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Tournai2.365.824.060
1 permission
Toelating · Bakkerij · since 01-03-2025

Similar companies · same sector, comparable size

Of 7,364 companies in sector 81210 we hold annual accounts for 2,741. 2,146 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
Founded27-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
95290Repair and maintenance of other personal and household goods
96102Launderettes and laundries for private customers
Contact
E-mail emilia.moscu@hotmail.com
E-mail direction.repassnet@hotmail.comTournai
Phone +32470637357Tournai
E-invoicing
Reachable via Peppol
Peppol ID 0208:1006461508
Also 9925:BE1006461508
Registered 29-09-2025

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

Register as of 28 September 2026 · Peppol Directory

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