A.F. PAYE
ActiveSummary
A.F. PAYE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €329k and a net result of €26k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79=
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 63.37 against 82.76 in 2023; short-term debt: 1.5% and cash: 94% of total assets), and 1.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 71
Relative position
BE, all sectors
reference
Sector 71
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
98.5%
Return on assets
7.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
51 d early
2022
56 d early
2021
17 d late
2020
46 d early
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€329k▲ 8.7%
2023 · €303k
2018: €307k
2019: €202k
2020: €230k
2021: €253k
2022: €277k
2023: €303k
2018 → 2024
Total assets
€334k▲ 9.1%
2023 · €306k
2018: €310k
2019: €333k
2020: €231k
2021: €257k
2022: €282k
2023: €306k
2018 → 2024
Net result
€26k▲ 1.4%
2023 · €26k
2018: €12k
2019: €25k
2020: €28k
2021: €23k
2022: €24k
2023: €26k
2018 → 2024
Working capital
€322k▲ 9.7%
2023 · €294k
2018: €296k
2019: €196k
2020: €227k
2021: €251k
2022: €267k
2023: €294k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€230k-€253k▲ 10.0%€277k▲ 9.6%€303k▲ 9.4%€329k▲ 8.7%
Operating result€38k-€36k▼ 4.8%€34k▼ 5.1%€39k▲ 13.0%€37k▼ 2.9%
Net result€28k-€23k▼ 18.4%€24k▲ 5.8%€26k▲ 7.0%€26k▲ 1.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €334k
Fixed assets
€7k ▼ 23.1%
Current assets
€327k ▲ 10.1%
Equity and liabilities €334k
Equity
€329k ▲ 8.7%
Debt
€5k ▲ 41.3%
Debt's share of the balance-sheet total rises from 1.2% to 1.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€40k▼
2023 · €41k
Cash flow
€29k▲
2023 · €28k
Current ratio
63.37▼
2023 · 82.76
Debt to equity
0.02▲
2023 · 0.01
ROE
8.0%▼
2023 · 8.6%
ROA
7.9%▼
2023 · 8.5%
Interest coverage
288.33▲
2023 · 167.49
Debt ≤ 1 year
€5k▲
2023 · €4k
Income taxes
€12k▼
2023 · €13k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€306k€334k▲
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€9k€7k▼
Plant, machinery and equipment23€662€491▼
Furniture and vehicles24€9k€7k▼
Current assets29/58€297k€327k▲
Amounts receivable within one year40/41€8k€11k▲
Trade receivables40€7k€9k▲
Other amounts receivable41€427€2k▲
Current investments50/53€100k-
Cash at bank and in hand54/58€187k€314k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€306k€334k▲
Equity10/15€303k€329k▲
Contributions10/11€19k€19k=
Reserves13€83k€109k▲
Non-distributable reserves130/1€11k€11k=
Reserves not available under the articles1311€11k€11k=
Distributable reserves133€73k€99k▲
Profit (loss) carried forward14€201k€201k▲
Amounts payable17/49€4k€5k▲
Amounts payable within one year42/48€4k€5k▲
Financial debts43€2-
Credit institutions430/8€2-
Trade debts44€800€309▼
Suppliers440/4-€309
Bills of exchange payable441€800-
Advances received on contracts in progress46€484-
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€195€131▼
Accrued charges and deferred income492/3€62-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€703€706▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€43k€41k▼
Operating profit (loss)9901€39k€37k▼
Financial income75/76B€476€1k▲
Recurring financial income75€476€1k▲
Financial charges65/66B€245€139▼
Recurring financial charges65€245€139▼
Profit (loss) for the period before taxes9903€39k€39k▼
Income taxes67/77€13k€12k▼
Profit (loss) for the period9904€26k€26k▲
Profit (loss) for the period to be appropriated9905€26k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€227k€227k▲
Profit (loss) brought forward from the previous period14P€201k€201k=
Transfer to equity691/2€26k€26k▲
To other reserves6921€26k€26k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €28k ▲10.7%
Net result €28k, the highest in the series.
31-12
Financial
Liquidity times 120current ratio 298.51
Current ratio from 2.48 to 298.51; short-term debt falls from €132k to €764.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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, Namur · 1 establishment unit since 2002
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.
Rue Sur les Roches(BU) 155004 NamurGround area
1,078 m²
Building footprint
156 m²
Volume, LiDAR
835 m³
Parcel 92021C0248/00Y000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Sur les Roches(BU) 15, 5004 Namur
since 20022.115.189.126
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021C0248/00Y000 | Wallonia | 1,078 m² | 1 · 156 m² | 7.0 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
LSG
BE 0643.979.337
Geel · Eq €328k
B-VEX
BE 0810.635.730
Mortsel · Eq €324k
LANDMETERSBUREAU PARYS
BE 0833.094.297
Knokke-Heist · Eq €322k
3D TOPO
BE 0448.028.944
Fontaine-l'Evêque · Eq €336k
ALVEX
BE 0771.846.321
Damme · Eq €337k
Of 1,758 companies in sector 71122 we hold annual accounts for 770. 583 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
Founded20-11-2002
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
68121Development of residential building projects
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:contact@paye-geometre.be