PASCINEL PROJECTS
ActiveThe computed 12-month bankruptcy probability of PASCINEL PROJECTS is 2.0% (moderate). The 2025 annual accounts show equity of €17k and a net result of €6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 27172 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
94
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency88▼-7
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 2.4 in 2024), but 56.6% of the assets are financed with debt.
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.4%
Return on assets
16.1%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €17k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
8 d early
2023
6 d early
2022
2 d late
2021
51 d early
2020
18 d early
2019
83 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▲ 58.9%
2024 · €11k
2019: €14k
2020: €30k
2021: €33k
2022: €8k
2023: €5k
2024: €11k
2019 → 2025
Total assets
€40k▲ 82.9%
2024 · €22k
2019: €23k
2020: €34k
2021: €39k
2022: €12k
2023: €27k
2024: €22k
2019 → 2025
Net result
€6k▲ 8.6%
2024 · €6k
2019: €13k
2020: €16k
2021: €4k
2022: €5k
2023: €-3k
2024: €6k
2019 → 2025
Working capital
€23k▲ 88.9%
2024 · €12k
2019: €11k
2020: €27k
2021: €32k
2022: €8k
2023: €14k
2024: €12k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€8k▼ 74.9%€5k▼ 40.4%€11k▲ 119%€17k▲ 58.9%
Operating result€4k-€8k▲ 75.3%€-3k€9k€9k▲ 7.6%
Net result€4k-€5k▲ 26.2%€-3k€6k€6k▲ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€2k▲ 27.9%
Current assets
€38k▲ 86.5%
Equity and liabilities €40k
Equity
€17k▲ 58.9%
Debt
€23k▲ 107%
The debt ratio rises from 50.0% to 56.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€10k▲
2024 · €10k
Cash flow
€7k▲
2024 · €7k
Solvency
43.4%▼
2024 · 50.0%
Current ratio
2.44▲
2024 · 2.40
Quick ratio
2.44▲
2024 · 2.39
Debt / equity
1.30▲
2024 · 1.00
ROE
37.1%▼
2024 · 54.2%
ROA
16.1%▼
2024 · 27.1%
Interest coverage
43.73▲
2024 · 43.60
Debt
€23k▲
2024 · €11k
Debt ≤ 1 year
€16k▲
2024 · €9k
Income taxes
€3k▲
2024 · €2k
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€22k€40k▲
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€1k€2k▲
Plant, machinery and equipment23€1k€2k▲
Current assets29/58€20k€38k▲
Stocks and contracts in progress3€72€72=
Stocks30/36€72€72=
Amounts receivable within one year40/41€161€5k▲
Trade receivables40€161€392▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€20k€2k▼
Deferred charges and accrued income490/1-€31k
Equity and liabilities
Total equity and liabilities10/49€22k€40k▲
Equity10/15€11k€17k▲
Contributions10/11€2k€2k=
Reserves13€9k€16k▲
Distributable reserves133€9k€16k▲
Amounts payable17/49€11k€23k▲
Amounts payable within one year42/48€9k€16k▲
Trade debts44€2k€9k▲
Suppliers440/4€2k€9k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€2k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€723▼
Other operating charges640/8€595€635▲
Gross operating margin9900€10k€11k▲
Operating profit (loss)9901€9k€9k▲
Financial income75/76B€4-
Recurring financial income75€4-
Financial charges65/66B€220€227▲
Recurring financial charges65€220€227▲
Profit (loss) for the period before taxes9903€8k€9k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€6k€6k▲
Profit (loss) for the period to be appropriated9905€6k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€6k▲
Profit (loss) brought forward from the previous period14P€-3k-
Transfer to equity691/2€3k€6k▲
To other reserves6921€3k€6k▲
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-3k ▼173%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €16k ▲18%
Operating result €19k, net result €16k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.74
Current ratio from 2.20 to 6.74; short-term debt falls from €9k to €5k.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brugge · 1 establishment unit since 2019
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.
't Kloosterhof 408200 BruggeGround area
1,316 m²
Building footprint
235 m²
Volume, LiDAR
1,092 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PASCINEL PROJECTS
since 20192.293.296.566
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0483/00A002 | Flanders | 1,003 m² | 1 · 154 m² | 7.0 m · 1 fl. |
| 31512B0503/00C005 | Flanders | 313 m² | 1 · 81 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SJOON
BE 0822.153.588
Lummen · Eq €17k
SURKIJN
BE 0459.788.710
Maasmechelen · Eq €17k
LP SCHILDERWERKEN
BE 0798.366.913
Brugge · Eq €17k
DEMOORVIOLA
BE 0714.916.328
Le Roeulx · Eq €17k
VDB CREATIONS
BE 0751.572.529
Herentals · Eq €17k
Of 7,812 companies in sector 43341 we hold annual accounts for 2,636. 1,957 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-2019
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
43110Demolition
43320Joinery installation
43332Laying of wooden floor and wall coverings
43342Specialised construction activities
47530Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.