PASMAL
ActiveThe computed 12-month bankruptcy probability of PASMAL is 1.9% (moderate). The 2025 annual accounts show equity of €17k and a net result of €-9k. Equity is shrinking by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 12835 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
10
/ 100
Critical▼ -20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency22▼-12
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.82 in 2024), and 78.9% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
21.1%
Return on assets
-10.7%
Age of the figures
8 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
42 d early
2023
7 d early
2022
20 d early
2021
31 d late
2020
31 d late
2019
28 d early
← 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
09-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 33.7%
2024 · €25k
2018: €77k
2019: €54k
2020: €41k
2021: €38k
2022: €34k
2023: €44k
2024: €25k
2018 → 2025
Total assets
€80k▼ 19.9%
2024 · €100k
2018: €210k
2019: €180k
2020: €137k
2021: €130k
2022: €111k
2023: €113k
2024: €100k
2018 → 2025
Net result
€-9k▲ 53.3%
2024 · €-18k
2018: €-9k
2019: €-23k
2020: €-13k
2021: €-3k
2022: €-4k
2023: €10k
2024: €-18k
2018 → 2025
Working capital
€-16k▼ 18.0%
2024 · €-14k
2018: €-102k
2019: €-37k
2020: €-34k
2021: €-46k
2022: €-39k
2023: €-25k
2024: €-14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€34k▼ 11.0%€44k▲ 30.3%€25k▼ 41.9%€17k▼ 33.7%
Operating result€-2k-€-4k▼ 89.3%€11k€-19k€-8k▲ 60.9%
Net result€-3k-€-4k▼ 22.7%€10k€-18k€-9k▲ 53.3%
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 €8k in 2025 against €19k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€33k▼ 15.6%
Current assets
€47k▼ 22.7%
Equity and liabilities €80k
Equity
€17k▼ 33.7%
Debt
€63k▼ 15.2%
The debt ratio rises from 74.5% to 78.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€1k▼
2024 · €13k
Cash flow
€-33▼
2024 · €14k
Solvency
21.1%▼
2024 · 25.5%
Current ratio
0.74▼
2024 · 0.82
Quick ratio
0.57▼
2024 · 0.60
Debt / equity
3.74▲
2024 · 2.92
ROE
-50.9%▲
2024 · -72.2%
ROA
-10.7%▲
2024 · -18.4%
Interest coverage
0.56▼
2024 · 5.59
Debt
€63k▼
2024 · €74k
Debt ≤ 1 year
€63k▼
2024 · €74k
Income taxes
€135▲
2024 · €128
Staff costs
€67k▲
2024 · €54k
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€100k€80k▼
Fixed assets21/28€39k€33k▼
Tangible fixed assets22/27€36k€30k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€25k€21k▼
Financial fixed assets28€3k€3k=
Current assets29/58€61k€47k▼
Stocks and contracts in progress3€16k€11k▼
Stocks30/36€16k€11k▼
Amounts receivable within one year40/41€15k€15k▲
Trade receivables40€12k€11k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€28k€19k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€100k€80k▼
Equity10/15€25k€17k▼
Contributions10/11€63k€63k=
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-43k€-52k▼
Amounts payable17/49€74k€63k▼
Amounts payable within one year42/48€74k€63k▼
Trade debts44€27k€30k▲
Suppliers440/4€27k€30k▲
Taxes, remuneration and social security45€6k€13k▲
Taxes450/3€6k€8k▲
Remuneration and social security454/9€593€5k▲
Other amounts payable47/48€40k€20k▼
Income statement
Code20242025
Remuneration, social security and pensions62€54k€67k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€9k▼
Other operating charges640/8€888€845▼
Gross operating margin9900€68k€69k▲
Operating profit (loss)9901€-19k€-8k▲
Financial income75/76B€3k€893▼
Recurring financial income75€3k€893▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-18k€-8k▲
Income taxes67/77€128€135▲
Profit (loss) for the period9904€-18k€-9k▲
Profit (loss) for the period to be appropriated9905€-18k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-52k▼
Profit (loss) brought forward from the previous period14P€-25k€-43k▼
The notes to these accounts (8 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 5 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
D'HOLLANDER, Kristof
CurrentDirector · since 13-12-2023
PEERS, Pascale
CurrentDirector · since 13-12-2023
13-12-2023
D'HOLLANDER, Kristof: Appointed as Director
13-12-2023
PEERS, Pascale: Appointed as Director
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2014
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.
Vijfseweg 2048793 WaregemGround area
178 m²
Building footprint
234 m²
Volume, LiDAR
1,220 m³
Parcel 34035B0017/02K000, Flanders · tallest building 11.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VITREAU
since 20142.232.577.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035B0017/02K000 | Flanders | 178 m² | 1 · 234 m² | 11.1 m · 1 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.
Similar companies · same sector, comparable size
AYYAS
BE 0736.408.558
Wemmel · Eq €17k
NILH
BE 0750.891.351
Brugge · Eq €17k
BARRAL
BE 0864.495.474
Oudenaarde · Eq €17k
CYCLOON
BE 0452.228.351
Ledegem · Eq €17k
Tyno
BE 0504.869.954
Hasselt · Eq €17k
Of 20,229 companies in sector 56111 we hold annual accounts for 11,302. 8,295 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-2014
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.