Passant & Heem
ActiveSummary
Passant & Heem is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For Passant & Heem, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €298k and a net result of €62k. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 51% of 8998 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: At least two filing cycles are missing
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 04-07-2024, 65 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
65 d late
2022
30 d late
2021
1 d early
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€298k▲ 26.3%
2022 · €236k
2020: €102k
2021: €189k
2022: €236k
2020 → 2023
Net result
€62k▲ 31.3%
2022 · €47k
2020: €97k
2021: €87k
2022: €47k
2020 → 2023
Total assets
€544k▲ 12.1%
2022 · €485k
2020: €173k
2021: €241k
2022: €485k
2020 → 2023
Solvency
54.9%▲ 6.2pp
2022 · 48.7%
2020: 59.1%
2021: 78.5%
2022: 48.7%
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€102k-€189k▲ 85.1%€236k▲ 25.1%€298k▲ 26.3%
Operating result€137k-€123k▼ 10.7%€68k▼ 44.4%€95k▲ 39.2%
Net result€97k-€87k▼ 10.5%€47k▼ 45.5%€62k▲ 31.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 39% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €544k
Fixed assets
€305k ▼ 12.1%
Current assets
€239k ▲ 72.7%
Equity and liabilities €544k
Equity
€298k ▲ 26.3%
Debt
€245k ▼ 1.4%
Debt's share of the balance-sheet total falls from 51.3% to 45.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
20.8%▲
2022 · 20.0%
ROA
11.4%▲
2022 · 9.8%
Debt ≤ 1 year
€65k▲
2022 · €56k
Debt > 1 year
€167k▼
2022 · €179k
Income taxes
€30k▲
2022 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 46 lines
Balance sheet
Code20222023
Assets
Total assets20/58€485k€544k▲
Fixed assets21/28€347k€305k▼
Tangible fixed assets22/27€347k€300k▼
Land and buildings22€247k€243k▼
Plant, machinery and equipment23€63k€31k▼
Furniture and vehicles24€31k€20k▼
Other tangible fixed assets26€6k€4k▼
Financial fixed assets28-€5k
Current assets29/58€138k€239k▲
Amounts receivable within one year40/41€101k€38k▼
Trade receivables40€101k€3k▼
Other amounts receivable41-€35k
Cash at bank and in hand54/58€37k€78k▲
Deferred charges and accrued income490/1-€123k
Equity and liabilities
Total equity and liabilities10/49€485k€544k▲
Equity10/15€236k€298k▲
Contributions10/11€5k€5k=
Reserves13€231k€293k▲
Distributable reserves133€231k€293k▲
Amounts payable17/49€249k€245k▼
Amounts payable after more than one year17€179k€167k▼
Financial debts170/4€179k€167k▼
Amounts payable within one year42/48€56k€65k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€35k€47k▲
Taxes450/3€35k€47k▲
Other amounts payable47/48€4k€3k▼
Accrued charges and deferred income492/3€14k€14k=
Income statement
Code20222023
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€29k▼
Other operating charges640/8€5k€3k▼
Gross operating margin9900€135k€127k▼
Operating profit (loss)9901€68k€95k▲
Financial income75/76B€240€0▼
Recurring financial income75€240€0▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€65k€92k▲
Income taxes67/77€18k€30k▲
Profit (loss) for the period9904€47k€62k▲
Profit (loss) for the period to be appropriated9905€47k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€62k▲
Transfer to equity691/2€47k€62k▲
To other reserves6921€47k€62k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
30-09
Financial
Weakest financial yearnet €47k ▼45.5%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €200kEq €236k ▲25.1%
3 profitable years in a row build equity to €236k.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity doublescurrent ratio 2.89
Current ratio from 1.17 to 2.89; short-term debt falls from €71k to €52k.
30-09
Financial
Equity above €150kEq €189k ▲85.1%
2 profitable years in a row build equity to €189k.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Oosterzele · 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.
Bakkerstraat 189860 OosterzeleGround area
582 m²
Building footprint
82 m²
Volume, LiDAR
407 m³
Parcel 44031A0149/00R000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Passant & Heem
since 20192.297.775.590
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44031A0149/00R000 | Flanders | 582 m² | 1 · 82 m² | 7.9 m · 2 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
LE MANOIR
BE 0882.473.930
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CORNELIS GUNTHER
BE 0872.738.494
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KRULLEKOP
BE 0707.851.164
Oostkamp · Eq €298,259
DDT MANAGEMENT
BE 0777.966.031
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WILL
BE 0778.915.542
Gent · Eq €298,474
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,765 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2019
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
62200Computer consultancy and computer facilities management
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.