GEPASSO
ActiveGEPASSO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €-28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 16414 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.07 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-8.6%
Return on assets
-6.3%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€39k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
29 d late
2023
13 d late
2022
29 d late
2021
29 d late
2020
31 d late
2019
52 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-39k▼ 270%
2024 · €-11k
2018: €42k
2019: €37k
2020: €56k
2021: €65k
2022: €80k
2023: €50k
2024: €-11k
2018 → 2025
Total assets
€451k▼ 12.1%
2024 · €513k
2018: €96k
2019: €92k
2020: €88k
2021: €81k
2022: €102k
2023: €605k
2024: €513k
2018 → 2025
Net result
€-28k▲ 53.2%
2024 · €-61k
2018: €814
2019: €-5k
2020: €18k
2021: €9k
2022: €15k
2023: €-29k
2024: €-61k
2018 → 2025
Working capital
€-59k▲ 15.3%
2024 · €-70k
2018: €-32k
2019: €-50k
2020: €-26k
2021: €-5k
2022: €21k
2023: €-29k
2024: €-70k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€80k▲ 23.4%€50k▼ 37.0%€-11k€-39k▼ 270%
Operating result€11k-€21k▲ 102%€-22k€-43k▼ 95.3%€-11k▲ 73.6%
Net result€9k-€15k▲ 67.4%€-29k€-61k▼ 106%€-28k▲ 53.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €43k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €451k
Fixed assets
€441k▼ 13.1%
Current assets
€10k▲ 85.1%
Key figures and ratios
EBITDA
€55k▲
2024 · €23k
Cash flow
€38k▲
2024 · €5k
Solvency
-8.6%▼
2024 · -2.1%
Current ratio
0.15▲
2024 · 0.07
Quick ratio
0.15▲
2024 · 0.07
Debt / equity
-12.56▲
2024 · -49.63
ROE
73.0%▼
2024 · 576.4%
ROA
-6.3%▲
2024 · -11.9%
Interest coverage
3.22▲
2024 · 1.29
Debt
€490k▼
2024 · €524k
Debt ≤ 1 year
€69k▼
2024 · €76k
Debt > 1 year
€421k▼
2024 · €448k
Staff costs
€59k▲
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€513k€451k▼
Fixed assets21/28€508k€441k▼
Tangible fixed assets22/27€508k€441k▼
Land and buildings22€488k€428k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€14k€9k▼
Current assets29/58€5k€10k▲
Amounts receivable within one year40/41€107-
Trade receivables40€107-
Cash at bank and in hand54/58€4k€10k▲
Deferred charges and accrued income490/1€1k€169▼
Equity and liabilities
Total equity and liabilities10/49€513k€451k▼
Equity10/15€-11k€-39k▼
Contributions10/11€6k€6k=
Reserves13€17k€17k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-33k€-62k▼
Amounts payable17/49€524k€490k▼
Amounts payable after more than one year17€448k€421k▼
Financial debts170/4€448k€421k▼
Amounts payable within one year42/48€76k€69k▼
Current portion of amounts payable after more than one year42€26k€27k▲
Trade debts44€815€1k▲
Suppliers440/4€815€1k▲
Taxes, remuneration and social security45€8k€14k▲
Taxes450/3€388€764▲
Remuneration and social security454/9€7k€13k▲
Other amounts payable47/48€41k€27k▼
Income statement
Code20242025
Remuneration, social security and pensions62€49k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€67k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€75k€117k▲
Operating profit (loss)9901€-43k€-11k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€18k€17k▼
Recurring financial charges65€18k€17k▼
Profit (loss) for the period before taxes9903€-61k€-28k▲
Profit (loss) for the period9904€-61k€-28k▲
Profit (loss) for the period to be appropriated9905€-61k€-28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-62k▼
Profit (loss) brought forward from the previous period14P€27k€-33k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 1.94
Current ratio from 0.67 to 1.94.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hasselt · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Maastrichtersteenweg 1193500 HasseltGround area
507 m²
Building footprint
159 m²
Volume, LiDAR
1,791 m³
Parcel 71328D0085/00Z009, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Maastrichtersteenweg 119, 3500 Hasselt
since 19962.078.326.651
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0085/00Z009 | Flanders | 507 m² | 1 · 159 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,603 companies in sector 86220 we hold annual accounts for 7,960. 5,041 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-1996
Fiscal year end31-12
Activities, NACEBEL
85120
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.